- First Business Bank Funds $11.5 Million Factoring & Inventory Financing Facility For Food & Beverage Company’s Growth
- TSL Feature Articles
- First Business Bank Promotes Kevin McGraw To Vice President - Asset-Based Lending
- Trinity Capital Inc. Provides $35 Million in Growth Capital to Monteris Medical to Support Neurosurgical Technology Advancements
- Franklin Capital Announces Promotion of Steven Damon to Senior Vice President of Operations and A/R Department Head
TSL Express Daily Articles & News
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Evans Transportation Services Inc. announced it has closed a new credit facility with PNC Bank, N.A. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018. Officials said newly expanded resources add support for Evans’ scalable growth, while allowing the company to return meaningful value to its client-carriers.
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Tim Knight is the vice president and senior managing partner with ThinkingAhead, where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
This is Tim’s 25th year in executive search. Prior to joining ThinkingAhead, he was with Southwestern Advantage as a District Sales Manager recruiting and training salespeople. Including his college summers, Tim has been with Southwestern Family of Companies for 35 years. In his 24 years with ThinkingAhead, he has personally filled over 400 engagements for clients and his teams over 2300 professionals placed with client companies and is the all team leader in personal production for ThinkingAhead.
TSL Express Daily Headlines & News
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Okea Asa Announces Commitment for Revolving Credit Facility
August 24, 2023OKEA ASA has mandated DNB Markets, a part of DNB Bank ASA, and Pareto Securities as Joint Lead Managers and Joint Bookrunners and Fearnley Securities as Co-Manager to arrange a series of fixed income investor meetings commencing tomorrow.
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KKR’s Latest Bankruptcy Deal Is a Bad Omen for Lenders
August 24, 2023As corporate failures surge this year, debt investors are in a fight to salvage as much money as they can from the wreckage. The early skirmishes are going very badly. The bankruptcy of GenesisCare, a cancer treatment specialist backed by private equity powerhouse KKR & Co. and China Resources Pharmaceutical Group Ltd., is the latest cautionary tale of how much value is being destroyed when companies go bust now.
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Beyond Finance Gets a Boost with Comvest’s $635m Credit Facility
August 24, 2023Comvest Credit Partners, known for delivering flexible direct financing solutions to mid-market businesses, has announced its designation as Administrative Agent on an increased $635m senior credit facility for Beyond Finance. Beyond Finance operates out of the U.S., specialising in success fee-based debt resolution services.
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Cushman & Wakefield Announces Closing of $400 Million Senior Secured Notes Offering and $1,000 Million Term Loan Facility
August 24, 2023Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Company”), has closed its previously announced offering of $400 million of its 8.875% senior secured notes due 2031 (the “Notes”). The Notes were offered in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
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New Deloitte Private Survey Finds Talent and Technology Fuel Top Capital Investment Priorities
August 24, 2023Today, Deloitte Private released the findings of a survey, “Private Company Outlook: Raising Capital,” asking C-level private business leaders in the U.S. about their near term strategies for navigating financial risks and opportunities.
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Brett Baumeister Joins The Middlefield Banking Company as Senior Vice President – Commercial Lending Western Region
August 24, 2023The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced the appointment of Brett Baumeister as the Senior Vice President – Commercial Lending Western Region.
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Peapack Private Hires Ling Li, Senior Managing Director, Commercial Private Banker
August 24, 2023Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Ling Li has joined its commercial banking team as a Senior Managing Director, Commercial Private Banker.
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U.S. Bank Announces Updates to Recent Leadership Changes
August 24, 2023U.S. Bank today announced several updates to previously shared leadership changes that will be effective Sept. 1.
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SG Credit Partners Announces A Senior Debt Investment in Cora
August 24, 2023SG Credit Partners, through its SG Consumer Products division, is thrilled to announce its partnership with Cora, a modern woman’s wellness brand offering natural, organic period care. SG’s credit facility will support Cora’s expansion into traditional retailers and continue growing the brand so every body has access to better period care.
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Briar Capital Real Estate Fund Announces the Closing of a New $3.8MM+ Commercial Real Estate Loan to a Manufacturer of Wood Products for the Arts and Craft Industry
August 24, 2023Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $3.8MM+ commercial real estate loan in Georgia to a manufacturer of wood products for the arts and craft industry.
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Mitsubishi HC Capital America Closes Inventory Finance Deals Valued at $400 Million
August 23, 2023Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, recently closed two inventory finance transactions, totaling $400 million, to separate specialty vehicle partners to boost their purchasing power and enhance liquidity.
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First Citizens Bank Serves as Syndication Agent, Joint Lead Arranger and Joint Bookrunner on $400 Million Financing for Alex Lee Inc.
August 23, 2023First Citizens Bank announced that it served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee Inc. The five-year revolving credit facility refinanced existing debt and increased the facility size to support the company's continued business growth.
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WeWork Taps Restructuring Advisers in Effort to Stave off Bankruptcy
August 23, 2023The co-working giant has hired real estate adviser Hilco Global, once again tapped consultant Alvarez & Marsal, and re-engaged law firm Kirkland & Ellis for advice on its options, according to the people, who spoke on the condition of anonymity because the matter is private.
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Encina Lender Finance Provides Inaugural Senior Credit Facility for Great Elm Healthcare Finance
August 23, 2023Encina Lender Finance, LLC (ELF) announced today the closing of an inaugural senior credit facility for Great Elm Healthcare Finance, LLC (GEHF).
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Sallyport Commercial Finance Closes $3 Million Creative Finance Solution for New Venture
August 23, 2023As the existing finance partner for another company in the same group, Sallyport was the first choice when it came to funding this new venture. The finance company had grown much faster than forecasted and needed to find a provider to help them with funding new property lending opportunities. Sallyport’s $3 million senior facility will help fund the purchase of new properties to add to their unique portfolio.
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MidCap Business Credit Close on a $16 Million Asset-based Credit Facility to E.R. Wagner Manufacturing Company
August 23, 2023MidCap Business Credit announced today they have closed on a $16,000,000 asset-based credit facility to E.R. Wagner Manufacturing Company, with locations in Menomonee Falls, WI., and Chicago, IL. E.R Wagner is a 120+ year old family held business which manufactures metal hinges and stampings, tubular components, casters, and wheels, that are sold primarily into the industrial and automotive industries.
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US Capital Global Provides Multi-Million-Dollar Sell-Side M&A Advisory to Socal Safe Company
August 23, 2023US Capital Global Securities LLC, an SEC-registered, FINRA-member broker-dealer affiliate of global private financial group US Capital Global, has provided multi-million-dollar sell-side M&A representation to Socal Safe Company (“Socal Safe”), a California-based industry leader in safes and security solutions.
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Partner David Stringer Joins Clifford Chance in the Firm’s New Houston Office
August 23, 2023Clifford Chance announces today that partner David Stringer has joined its new office in Houston. He joins Jonathan Bobinger, Jonathan Castelan, Trevor Lavelle, David H. Sweeney, Enoch Varner and Alexandra L. Wilde as the final of the batch of seven new partners in Houston.
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Stellus Capital Management, LLC Provides Senior Debt Financing in Support of Gallant Capital Partners’ Investments in DynTek and rSolutions
August 23, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing to support Gallant Capital Partners’ (“Gallant”) investments in DynTek, Inc. (“DynTek”), a US-based professional IT services, cybersecurity, and risk management organization, and rSolutions Corporation (“rSolutions”), a Canadian-based cybersecurity firm.
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Trinity Capital Inc. Provides $12 Million Growth Capital to Delphinus Medical Technologies, Inc.
August 23, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $12 million in growth capital to Delphinus Medical Technologies, Inc. ("Delphinus"), a medical imaging company that has developed SoftVue™, a dense breast screening innovation that increases cancer detection and decreases unnecessary call backs, while delivering a comfortable patient experience.
The Secured Lender
SFNet's The Women in Secured Finance Issue



