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Robert Brownell Joins SLR Business Credit
Robert Brownell has joined SLR Business Credit (SLRBC) as vice president of business development.
Robert has 14 years of lending and business development experience. He began his career in the factoring sales division of a regional South Florida based bank and has been working in the commercial finance industry ever since.
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Higher Education Under Pressure – Options for Struggling Institutions
Many higher education Trustees and executive leaders need to recognize that their communities must confront the early stages of a long-term restructuring. The upcoming transition is similar to the long-term restructuring process now being addressed by the retail and healthcare industries. The difficult landscape that colleges and universities must contend with didn’t just materialize – it has been a long time in the making.
TSL Express Daily Headlines & News
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O2 Sponsor Finance Provides $24.5MM Credit Facility to Support Tilia Holding’s Recapitalization of Refrig-IT
June 22, 2023O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $24,581,000 in senior secured credit facilities to support Tilia Holding's recapitalization of Refrig-IT Inc. and its affiliate Trilogy Warehouse Partners (together "Refrig-IT").
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Star Mountain Capital Adds Longtime Goldman Sachs Veteran, MaryAnn Stauffer, as Managing Director
June 22, 2023Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5bn AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that MaryAnn Stauffer has joined as a Managing Director from Goldman Sachs Asset Management to help Star Mountain continue to bring institutional quality investment products to qualified wealth management firms, family offices and high-net-worth investors.
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Grant Thornton Expands Private Equity Offerings
June 22, 2023Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, is expanding its private equity capabilities by hiring Bill McManus and Alex Arata to lead the firm’s Value Creation Planning services offering.
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SKF Signs EUR 800 Million Multicurrency Revolving Credit Facility
June 22, 2023SKF has successfully signed a EUR 800 million multicurrency revolving credit facility. The facility has a tenor of five years with two one-year extension options, and it will serve as a back-up liquidity facility for general corporate purposes. It refinances SKF's existing and undrawn EUR 500 million syndicated credit facility and a separate EUR 250 million bilateral credit facility, which in aggregate totaled EUR 750 million.
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SMBC Appoints Matthew Grinnell Head of Global Sponsor Coverage
June 22, 2023SMBC Capital Markets, Inc., a member of SMBC Group, today announced the appointment of Matthew Grinnell as Head of Global Sponsor Coverage as the firm continues to grow its Americas Division Corporate Investment Bank.
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Alvarez & Marsal's Global Transaction Advisory Group Appoints Bob Ruckh as a Managing Director
June 22, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Bob Ruckh as a Managing Director in its Global Transaction Advisory Group (TAG). Mr. Ruckh’s hire demonstrates Global TAG’s commitment to driving value across the deal lifecycle by deepening its strategic advisory talent and client-focused teams.
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PFSweb Announces Closing of $25 Million Asset-Based Lending Agreement
June 22, 2023PFSweb, Inc. (NASDAQ: PFSW), a premier eCommerce order fulfillment provider, announced today the closing of a $25 million asset-based secured lending agreement with Texas Capital Bank, the lending affiliate of Texas Capital Bancshares, Inc. (NASDAQ: TCBI).
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Victory Park Capital Announces Launch of Triumph Capital Markets
June 22, 2023Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, today announced the launch of Triumph Capital Markets (“Triumph”), an affiliate of VPC focused on structured financing and capital markets solutions.
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Golden Pear Upsizes Corporate Note to $67.2 Million
June 22, 2023Golden Pear Funding (Golden Pear), a national leader in pre-settlement legal funding, announced the upsizing to $67.2 million of its existing corporate notes. The incremental capital raise was assigned a BBB rating by a nationally recognized statistical ratings organization (NRSRO) and follows the Company’s successful corporate note issuance announced in January 2022.
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State-of-the-Art Molded-Pulp Packaging Equipment Goes to Auction
June 22, 2023Molded-pulp packaging equipment from global manufacturer Zume is available in a June 29 online auction by host Liquidity Services (NASDAQ: LQDT) and sale partner, Tiger Group.
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Glengarry Farm Finance Closes $50,000,000 Syndicated Credit Facility
June 22, 2023BMO Corporate Finance and Glengarry Farm Finance are pleased to announce that BMO has acted as exclusive Agent to Glengarry Farm Finance for the purpose of launching its Syndicated credit facility supporting the ongoing growth of its portfolio of Agricultural mortgages.
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The Eastern Company Announces New $90 Million 5-Year Credit Facility
June 21, 2023The Eastern Company (the "Company") (NASDAQ:EML), an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, today announced the establishment of a new $90 million 5-year senior secured credit facility. The new facility replaces the existing facility, which would have expired in August 2024.
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SLR Digital Finance Provides a $15 Million Line of Credit to a Broadcast Television and Radio Network Operator
June 21, 2023SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $15 million credit facility for a broadcast television, radio station, and digital streaming network operator.
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Northwest Bank Names Jay DesMarteau as Chief Commercial Banking Officer
June 21, 2023Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, has appointed Jay DesMarteau as senior executive vice president, chief commercial banking officer, effective today. He will provide strategic leadership and operational oversight for all aspects of Northwest’s commercial banking business.
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First Citizens Bank Provides $19.5 Million for Development of Holbrook Logistics Center
June 21, 2023The borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a new 108,000-square-foot distribution center in the Long Island community of Islip. The property is conveniently located near Long Island’s MacArthur Airport, with ready access to both the Long Island Expressway and Sunrise Highway.
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Transom Capital Completes Acquisition of HALO and aden + anais Brands, Expanding into the Premium Baby and Parenting Industry
June 21, 2023Today, Transom Capital Group (“Transom”), a leading operations-focused middle market private equity firm, is pleased to announce the successful completion of its acquisition of Aden & Anais, Inc., a global designer and manufacturer of infant products which are sold under the brands HALO and aden + anais (collectively, the “Company”) via e-Commerce, mass retail, international, hospital/government, DTC, and other channels.
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SLR Equipment Finance Adds to its Underwriting Team With Amanda Sapienza Leach Hire
June 21, 2023Amanda Sapienza Leach joined SLR Equipment Finance as Vice President of the Risk Department. In her new role, Amanda will utilize her prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s evolving financial solutions platform.
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Maple Leaf Foods Amends its Credit Facility
June 21, 2023Maple Leaf Foods Inc. (TSX: MFI), an iconic Canadian-based branded food company, announced today that it has amended its existing sustainability-linked credit facility. The amendments, which include the addition of a $400 million, 1-year term loan tranche, will provide the Company with near-term incremental liquidity and flexibility as it continues to ramp-up production at its three new world-class manufacturing facilities that have come on-line over the last 18 months.
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Hilco Corporate Finance Expands Its Special Situations Investment Banking Practice into Houston with the Addition of Senior Investment Bankers Kyle Herman and Sanjay Marken
June 21, 2023Hilco Corporate Finance (HCF), Hilco Global’s investment banking advisory firm, has named Kyle Herman Senior Managing Director and Sanjay Marken Director. Based in Houston, they will focus their national practice on Special Situations and Restructuring Investment Banking Advisory.
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Entrepreneur Growth Capital LLC Provides $3,000,000 Bridge Loan to New Jersey Distributor
June 21, 2023Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $3 million term loan to a New Jersey distributor of consumer products. The distributor is experiencing a great deal of growth and is expecting a bank line of credit to close in the next six months. EGC provided a six-month bridge, with extensions available if needed, that is collateralized by accounts receivable and inventory.
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