- nFusion Capital Funds the Fleets That Move America’s Heavy Crude
- Core Scientific Secures $600 Million of Senior Secured Credit Facilities
- Rosenthal Capital Group Closes Three ABL Transactions, Totaling Nearly $10 Million
- InterNex Capital Delivers $4MM Revolving Line to Support Expansion for AI-Powered Logistics Provider
- SFNet Market Pulse
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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ePlus Expands Credit Facility
ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
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Interview with Candice Hubert, Member of SFNet’s Diversity, Equity & Inclusiveness Committee
Representing Republic Business Credit in the Texas market out of an expanding Houston office, Candice brings more than 18 years of banking and commercial finance experience. Candice joined Republic in 2012, after a long tenure with Chase Bank providing asset-based lending solutions to a multitude of industries. Candice has been able to assist clients in start-up, high-growth, and recoverable distressed situations and values the opportunity to work with industry partners across the United States. She is a member of the Houston Chapter for the Secured Finance Network, Association for Corporate Growth, and a member of Turnaround Management Association. In 2018, Candice was a proud recipient of the Secured Finance Network's 40 Under 40 Award and continues to serve as an advocate for SFNet programs by participating in business development panel discussions and has been featured in past SFNet informative articles.
TSL Express Daily Headlines & News
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Loeb Funds $13.8mm in Term Loans in Q4 2023 to Help Three Companies with Working Capital
January 29, 2024Loeb continues to help their clients in this challenging economic environment where traditional lenders refuse to lend. In Q4 of 2023, Loeb funded $13.8 Million in machinery and equipment term loans in diverse industries. Simply by extracting working capital from their existing M&E, these three companies will continue to move forward without a hitch.
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Atwell Enters Into $200 Million Senior Credit Facility with Lending Group led by Bank of America
January 29, 2024Atwell, a leading consulting, engineering, and construction services firm, has announced that it has secured a $200 million senior credit facility with a lending group led by Bank of America. Also included in the lending group are U.S. Bank, TD Bank, and Old National Bank.
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TCW Launches New Asset-Backed Finance Business
January 29, 2024The TCW Group, a leading global investment firm with over $200 billion of assets under management, announced today the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.
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LBC Credit Partners Promotes Homyar Choksi to Deputy Chief Investment Officer
January 29, 2024LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies and a division of CIFC Asset Management LLC (“CIFC”), today announced the promotion of Homyar Choksi to Deputy Chief Investment Officer. Based in LBC’s Radnor, Pennsylvania headquarters, Mr. Choksi will continue to serve on the firm’s Investment Committee and lead the originations team while assuming additional investment responsibilities.
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JPMorgan Chase Announces Expanded Roles for Top Executives
January 29, 2024JPMorgan Chase (NYSE—JPM) today announced new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.
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Hilco Corporate Finance Expands Its Investment Banking Practice with the Addition of Mark Birkett as Senior Managing Director for Capital Advisory
January 29, 2024Hilco Corporate Finance (HCF), Hilco Global's investment banking advisory firm, has named Mark Birkett Senior Managing Director for Capital Advisory. He will be based in HCF's Chicago office.
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SBA Communications Completes $4.05 Billion Senior Secured Financing
January 29, 2024SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility").
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B. Riley Serves as Exclusive Financial Advisor to Fromm International in Acquisition by Firelight Capital Partners
January 29, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as exclusive financial advisor to Fromm International (“Fromm” or the “Company”), a leading marketer of high-end beauty products, in connection with Firelight Capital Partners’ successful acquisition of the Company.
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Runway Growth Capital Announces Results From Third Venture Debt Review Survey
January 25, 2024Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the findings from its third Venture Debt Review.
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Huntington Business Credit Closes $10 Million Credit Facility with American Nitrile Operations, LLC
January 25, 2024Huntington Business Credit announced it closed a $10,000,000 new credit facility with American Nitrile Operations, LLC on December 12, 2023. Proceeds of the facility will be used to fund working capital and continued investment in glove production capacity.
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MidFirst Business Credit Announces New Lending Relationship with Custom Equipment, LLC
January 25, 2024MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Custom Equipment, LLC (“Custom”). Headquartered in West Bend, WI, Custom designs and manufacturers highly versatile scissor lifts that due to their unique agility, size and weight can accommodate various end-user environments.
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First Citizens Bank Provides $36.2 Million in Financing for Acquisition of Medical Office Buildings in North Carolina and Washington
January 25, 2024First Citizens Bank today announced that its Healthcare Finance business provided $36.2 million in acquisition financing to Anchor Health Properties to recapitalize three medical office buildings located in Charlotte, North Carolina and Seattle, Washington. Anchor Health Properties acquired these assets directly for its own balance sheet.
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Sallyport Commercial Finance, LLC Welcomes Chris Huntington
January 25, 2024Sallyport Commercial Finance, LLC announced Chris Huntington has joined as vice president business development on the East Coast. Huntington moved to Boston last year with his family, having worked in commercial finance the UK for the last 20 years.
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MUFG Serves as Coordinating Lead Arranger, Joint Bookrunner, Administrative Agent on EdgeCore Digital Infrastructure $1.9 Billion Debt Financing
January 25, 2024Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a $1.9 billion debt financing for EdgeCore Digital Infrastructure, conducted in conjunction with its owner, Partners Group, a leading global private markets firm acting on behalf of its clients, to fund scalable development of their data center campus in Mesa, Arizona.
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Local Bounti Amends Cargill Credit Facility and Receives Funds for Working Capital
January 25, 2024Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has secured additional cash to fund working capital as part of its amended credit facility with Cargill Financial Services International, Inc. ("Cargill").
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Otterbourg Promotes Michael Rich to Member in the Banking and Finance Department
January 25, 2024Otterbourg P.C. announced today that Michael Rich has been promoted to Member of the Firm, effective January 1, 2024. Mr. Rich began his career at Otterbourg and has been an associate in the firm’s Banking and Finance Department for the past eight years – making him a home-grown star.
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Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Secured Notes
January 25, 2024Caesars Entertainment, Inc. (NASDAQ: CZR) (the “Company”) today announced the pricing of its previously announced offering of $1.5 billion aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”) at an interest rate of 6.500% per annum and an issue price equal to 100% of the principal amount of the Notes.
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Targeted Lending Co., LLC Secures $50 Million Senior Credit Facility With Wells Fargo Capital Finance
January 25, 2024Targeted Lending Co., LLC, a prominent leader in the equipment finance industry, is excited to announce the successful closure of a $50 million credit facility with Wells Fargo Capital Finance.
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SLR Digital Finance Provides $4 Million Line of Credit to leading In-Game Digital Advertiser, Super League Enterprise
January 24, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $4 million credit facility for Super League Enterprise (Nasdaq: SLE), a leading strategically integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms.
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Blank Rome Announces 2024 Leadership Appointments
January 24, 2024Blank Rome LLP is pleased to announce five new leadership appointments, effective January 1, 2024.
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