- Faccorp Funds Three New Factoring Facilities so far Q1; Supporting Growth Across Security, Infrastructure, and Energy Sectors
- Haynes Boone Names Charlie Harris Charlotte Office Managing Partner
- Ashtrom Renewable Energy Completes Financial Close for Another Renewable Energy Project in the U.S.
- TSL Subscriber Only Content
- SFNet Market Pulse
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Brookline Bancorp, Inc. Announces Receipt of Regulatory Approvals for the Acquisition of PCSB Financial Corporation
Brookline Bancorp, Inc. (NASDAQ: BRKL) (“Brookline”) today announced that it has received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, New York State Department of Financial Services and Massachusetts Board of Bank Incorporation necessary to complete its acquisition of PCSB Financial Corporation (NASDAQ: PCSB) (“PCSB”). Brookline and PCSB anticipate closing the transaction on January 1, 2023, subject to the satisfaction of customary closing conditions.
TSL Express Trending Story
Featured
As pandemic impacts continue to mitigate, many financial institutions are now reducing their risk forecast for loan defaults. The upbeat sentiments are welcome but the times remain unprecedented, and uncertainty remains on what lies ahead.
Today, more than ever, lenders are focused on minimizing their risks when entering a financial transaction.
Two key components in the lenders’ due diligence process when entering a transaction are conducting consensual and non-consensual lien searches and filing a UCC1 against the borrower.
TSL Express Daily Headlines & News
-
Mallinckrodt Receives Court Approval for "First Day" Motions to Support Ongoing Operations
August 30, 2023Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.
-
Republic Business Credit Provides Asset Based Line of Credit to Solar Company
August 30, 2023Republic partners with residential solar provider to support growth opportunities and meet rising demand.
-
Lighter Capital closes $130 million credit facility to support early-stage companies
August 30, 2023Revenue-based financing FinTech Lighter Capital has closed a $130m credit facility, and plans to use the capital to support early-stage companies.
-
Capital Bank Launches New Lender Finance Group
August 30, 2023Capital Bank, a prominent commercial bank in the DC Metro Region, proudly announces the creation of its new Lender Finance Group.
-
Darren Sabeski Joins Mitsubishi HC Capital Canada as Account Manager for Inventory Finance
August 30, 2023Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces that industry veteran Darren Sabeski has recently joined the company to support business development initiatives in its Inventory Finance division.
-
Gibraltar Business Capital Provides $26.4MM in Acquisition Financing
August 29, 2023Continuing its strong reputation for being a preferred ABL partner for sponsor-backed transactions, GBC has strengthened its relationship with a private equity group that acquired a leading North American supplement manufacturer.
-
Culain Capital Funding Provides $3MM in Recent Purchase Order and Factoring Facilities
August 29, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million accounts receivable factoring and purchase order facilities.
-
Gibraltar Equipment Finance Provides $4MM to Sponsor-Backed Pet Food Manufacturer
August 29, 2023Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).
-
First Citizens Bank Serves as Lead Arranger on $200 Million Financing for New Fortress Energy
August 29, 2023First Citizens Bank today announced that its Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.
-
Aequum Capital Provides $7.3MM Asset-Based Revolver and Equipment Finance Term Loan to Premier Texas Based Manufacturer
August 29, 2023Aequum Capital is pleased to announce it recently closed a $7,300,000 credit facility to a premier Texas based manufacturer.
-
IBC Advanced Alloys Announces Entering Into New Term Loan and Amendment of Existing Credit Facilities
August 29, 2023IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into a term loan (the "Term Loan") with Sallyport Commercial Finance, LLC ("Sallyport") and amendments to existing credit facilities (the "Amendments") with each of Sallyport and Iron Horse Credit, LLC ("Iron Horse") as further described below, resulting in access to US$7,000,000 in additional funding.
-
SunVest Solar Obtains $60 Million Financing Facility
August 29, 2023SunVest Solar LLC, an independent, vertically integrated renewable energy business headquartered in Chicago and Milwaukee, has closed on a $60 million construction loan facility.
-
Troutman Pepper Counsels Burke & Herbert Financial Services Corp. in Merger with Summit Financial Group, Inc.
August 28, 2023Troutman Pepper client Burke & Herbert Financial Services Corp. and Summit Financial Group Inc. recently announced they have entered into a definitive agreement under which Summit will merge with and into Burke & Herbert in an all-stock merger of equals.
-
Huntington Business Credit Deal Announcement: Aurora Wholesalers, LLC (dba The Mazel Company)
August 28, 2023Huntington Business Credit announced it closed a $20,000,000 new credit facility with Aurora Wholesalers, LLC (dba The Mazel Company) on August 4, 2023.
-
Blank Rome Attorneys Recognized in 2024 Best Lawyers in America®
August 28, 2023Blank Rome is pleased to announce that 200 firm attorneys have been recognized in Best Lawyers in America® 2024 in the annual categories of “Lawyers of the Year,” “Ones to Watch,” and “Best Lawyers,” in more than 50 practice areas across 12 regions.
-
B. Riley Serves as Exclusive Financial Advisor to DynTek, Inc. in Connection with its Strategic Investment from Gallant Capital
August 28, 2023B. 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 DynTek, Inc. ("DynTek"), a U.S.-based professional IT services, cybersecurity, and risk management organization, in connection with its strategic investment from Gallant Capital Partners (“Gallant”).
-
Gateway Trade Funding Completes 21 Stretch Finance Transactions Totaling More Than $5,230,000
August 28, 2023Gateway Trade Funding, a PO and stretch financing company, is pleased to announce that we have recently completed the following stretch finance transactions: $350,000 loan for a US packaging company – funds for working capital. $100,000 loan for a US Gaming related company – funds for inventory.
-
Arixa Capital Announces Strategic Joint Venture With Oaktree
August 28, 2023Arixa Capital Advisors, LLC ("Arixa Capital" or "Arixa") announced the launch of a $100M strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to originate senior secured loans backed by residential and commercial real estate.
-
Rite Aid’s stock drops more than 50% on report of pending Chapter 11
August 28, 2023Rite Aid Corp. shares RAD, 4.84% dropped Friday following a report that the drugstore chain was filing for Chapter 11 bankruptcy protection because of opioid lawsuits.
-
Renewables Business Reaffirms Growth with $30M Finance
August 28, 2023A leading global producer of renewable fuels, distiller grains and alcohols has just been equipped with a $15,000,000 working capital facility with provision to increase to $30,000,000 as and when further working capital is required.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
