- BHI Provides $167 Million Construction Loan to Yellowstone to Convert 221 West 41st Street Into a 176 Unit Multifamily Building
- Celtic Capital Corporation Provides Funding for an Eastern Midwest Manufacturer of Steel Punches
- RelPro Named to Inc.’s List of Fastest-Growing Companies in the Northeast for Fifth Straight Year
- Republic Bank Appoints Frank Vitarelli as Florida Market President
- SLR Business Credit Provides $10 Million Senior Secured Asset-Based Credit Facility to a European Foods Importer
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Axiom Bank, N.A. Launches Division Focused On Asset Based Lending, Factoring, And Equipment Financing
Axiom Bank, N.A. has launched a new Commercial Finance Division headquartered in Dallas, TX. The new division will service businesses seeking Asset Based Lending, Factoring, and Equipment Financing credit facilities ranging from $2 million and greater and with revenues from $25 million to $250 million nationwide.
TSL Express Trending Story
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SFNet's "The Data You Need to Plan Ahead" Webinar: Key Takeaways
SFNet hosted a webinar Friday, May 14, from 12:00 p.m. – 1:00 p.m., titled "The Data You Need to Plan Ahead." The webinar was open to employees of SFNet member organizations and SFNet Chapter members only and provided analysis behind the numbers for the Secured Finance Foundation (SFFound) Market Pulse Report, the Foundation’s Annual ABL and Factoring Surveys as well as Refinitiv’s Capital Markets League Table for Q1. For those who would like to access the webinar, it is archived on SFNet’s site and can be found here.
The webinar featured industry leaders and data experts discussing highlights of the annual surveys SFNet conducts, as well as analysis from Refinitiv and Keybridge to gain insight into what’s happening in the industry and portfolios.
The webinar featured industry leaders and data experts discussing highlights of the annual surveys SFNet conducts, as well as analysis from Refinitiv and Keybridge to gain insight into what’s happening in the industry and portfolios.
TSL Express Daily Headlines & News
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Cresset Names Bradley Schneider Head of Private Credit
August 10, 2023Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Michigan.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $250,000 factoring facility for a transportation company in British Columbia.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $200,000 factoring facility for a staffing company in Quebec.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $2,000,000 factoring facility for a semiconductor sales company in California.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Maryland.
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First Horizon Recognized by Forbes Magazine as One of America's Best Large Employers Of 2023
August 10, 2023First Horizon Corp. (NYSE: FHN or "First Horizon") has been recognized by Forbes Magazine as one of America's Best Large Employers. Forbes partnered with the market research firm Statista to compile a list of America's Best Large Employers.
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SumUp Secures New US$100 Million Credit Facility from Victory Park Capital to Accelerate its Merchant Cash Advance Product
August 10, 2023Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European markets in the near future.
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BHI Provides AM West of Medipower Group a $10 Million Revolving Line of Credit
August 10, 2023BHI, a full-service commercial bank, announced that it has closed a $10 million revolving line of credit for AM West, a Medipower (TASE:MDPR) Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with flexibility to pursue new asset acquisition opportunities as well as manage its day-to-day cash flow.
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Online Auction Features Uninstalled and Never-Used Equipment from Global Molded-Pulp Packaging Manufacturer
August 10, 2023Another tranche of molded-pulp packaging equipment from manufacturer Zume—known for creating anti-leak and compostable products for the global foodservice industry—goes to auction August 17 in a sale byTiger Group and Liquidity Services.
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Amerisource Closes $10,000,000 Credit Facility for Green Waste Disposal Company
August 10, 2023Amerisource Business Capital announced the closing and funding of a $10,000,000 senior revolving credit facility and real estate term loan for a Florida-based green waste disposal company. The proceeds were used to refinance existing bank debt and to provide ongoing working capital.
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Haversine Funding II LLC Closes $45 Million Credit Facility with First Horizon Bank
August 9, 2023Haversine Funding II LLC, one of the lender finance portfolios held by Haversine Management LLC, announced the closing of a $45,000,000 line of credit with First Horizon Bank on July 19, 2023. The new credit facility marks a new chapter in Haversine’s history as it moves forward with plans for continued growth, layering a bank line on top of an expanded investor base of foundational families including the continued, dedicated support of Halstatt, a family office headquartered in Naples, Florida with a 100+ year history.
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The Equipment Leasing and Financing Association Sends Letter to the CFPB
August 9, 2023The Equipment Leasing and Financing Association sent a letter to the CFPB requesting that the recent injunction granted to the Texas Bankers Association and the American Bankers Association apply to all covered finance institutions.
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nFusion Capital Provides $3 Million to Kort Industries
August 9, 2023Kort Industries is a Texas-based steel fabricator and industrial fabrication specialist providing steel structures to environmental and oil & gas companies in the state. They offer Fabrication Maintenance Services, Pressure Vessels, High Pressure Piping, Tank Repair and Industrial Coating; and turnkey fabrication solutions to help increase productivity and operating efficiency while reducing downtime and cost.
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BNP Paribas Appoints Matt O’Connor Head and Annabella Espina COO of its Miami Office
August 9, 2023BNP Paribas Securities Corp., a unit of Europe’s leading bank BNP Paribas, today announced the appointment of Matt O’Connor as Head of its new Miami office as well as Annabella Espina the Chief Operating Officer (COO).
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Gordon Brothers Engaged to Offer for Sale Multi-Purpose Platform Supply Vessel Tek-Ocean Spirit
August 9, 2023Gordon Brothers, the global advisory and investment firm, has been engaged on an exclusive basis to offer for sale by private treaty Tek-Ocean Spirit on behalf of Barry Wight and Daniel Juratowitch of Cor Cordis, the Administrators of Tek-Ocean Group Ltd.
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Winston & Strawn Represents Nxu Inc.
August 9, 2023Winston & Strawn is representing Nxu Inc., (NASDAQ: NXU), a vertically integrated technology company creating energy storage and charging solutions for the infrastructure we need to power our electrified future, in its announced pricing of a public offering of 16,666,667 units at a public offering price of $0.30 per unit.
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Cambridge Savings Bank Supports Buyout of White Wood Kitchens with $2.6 Million in Financing
August 9, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $2.6 million in financing to support the acquisition and transition of ownership for White Wood Kitchens, the well-known kitchen and project management company in Cape Cod, MA, to former Information Technology leader, Anton Emelianov.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of the Acquisition of Nature’s Choice by Compost360, a Platform Newly Formed by the Sterling Group Foundation Fund
August 9, 2023-Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of The Sterling Group’s (“Sterling”) formation of Compost360, a new platform focused on building a leading processor of organic waste material and producer of high quality, sustainable landscaping products.
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Clifford Chance Advises MiddleGround Capital on Acquisition of Automotive Transmission Systems Manufacturer Xtrac
August 9, 2023International law firm Clifford Chance has advised US headquartered private equity firm MiddleGround Capital on its purchase of the UK-based automotive transmissions manufacturer and supplier Xtrac from Inflexion. MiddleGround Capital is an operationally focused private equity firm that invests in middle market B2B industrial and specialty distribution companies globally.
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