TSL Express Daily Articles & News
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BNP Paribas, Europe’s leading financial institution, announces today the appointment of several senior executives to its Global Markets Americas division. The appointments demonstrate the bank’s commitment to the Americas region and ambition to grow its Global Equities, Global Credit and Global Macro franchises.
Kunal Maini is appointed Co-Head of Global Macro - Americas. He will support the bank’s effort to strengthen its client-centric Global Macro business featuring a state-of-the-art digital offering and expertise across Rates, FX and Commodities. In addition, he will be responsible for globalizing our US Rates franchise by developing stronger client connectivity and product innovation.
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On June 16 & 23, SFNet’s live online Women in Secured Finance Conference will bring together women who are looking to grow professionally, share experiences, celebrate successes and advocate for each other.
In response to feedback the WISF Committee has received from previous WISF conferences, SFNet is reimagining this year's event format by partnering with Corporate Class, Inc. to offer attendees an interactive, customized workshop focused on developing executive presence along with career progression and leadership skills.
WISF Committee chair, Paula Currie of PNC Bank, said, “After the past year of remote living and working, we all could use a recharge to help us get back in the game. This year’s WISF conference, promises to do just that! The two-day interactive workshop is facilitated by experienced and renowned instructors who will help you build the skills, tools and confidence needed to realize your full potential and take your career to the next level.”
TSL Express Daily Headlines & News
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Austin Financial Services Closes a $10MM Club Facility to a toy Manufacturer and Distributor
August 7, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM club ABL facility to a toy manufacturer and distributor. Proceeds from AFS’ revolver were used for seasonal inventory purchases and will also provide ongoing working capital to support the Company’s growth plans.
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Bright Health Group Secures Financing to Support Operations Pending the Expected Close of California Medicare Advantage Business Sale
August 7, 2023Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it entered into a credit facility with an investment partnership of New Enterprise Associates (“NEA”) with $60 million of credit capacity on August 4, 2023.
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OncoSec R&D Facility and Lab Goes to Auction on Aug. 10
August 7, 2023By order of a U.S. bankruptcy court, Tiger Group and Liquidity Services on Aug. 10 will auction OncoSec Medical Inc.’s former immunotherapy laboratory and R&D facility in San Diego.
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1st Capital Bancorp Announces Change In Executive Management Position
August 7, 20231st Capital Bancorp (the “Company”), (OTCQX: FISB), the $960 million asset bank holding company and parent company of 1st Capital Bank (the “Bank”), announced a recent change in executive management.
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Janus International Group Successfully Completes Debt Refinancing
August 7, 2023Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced a series of related transactions to refinance its debt.
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Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet
August 7, 2023Auramet was pleased to expand its lender group to include Wells Fargo Bank. The Facility also includes previous participants Coöperatieve Rabobank U.A., N.Y. Branch, HSBC Bank USA, N.A., Commonwealth Bank of Australia, CIBC Bank USA, and Brown Brothers Harriman & Co.
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Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property
August 7, 2023Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district. Crow Holdings Capital (the “Borrower”, “Crow”) is the property developer and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with more than 70 years of history and approximately $24 billion of assets under management.
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Credit Card Fintech Petal Secures $200m Debt Facility from Victory Park Capital
August 7, 2023The credit card start-up has secured a $200 million debt facility from Victory Park Capital (VPC) and a new term loan facility for up to $20 million of incremental commitments with Trinity Capital.
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Rosenthal & Rosenthal Promotes Derek Sigler to EVP, Northeast Region Co-Portfolio Manager
August 7, 2023Rosenthal & Rosenthal has promoted Derek Sigler to EVP, Northeast Region Co-Portfolio Manager. Derek has been at Rosenthal for more than 10 years and will work alongside his colleague Josh Ceccarelli to run the Northeast factoring portfolio.
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CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI
August 7, 2023CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities ("Blackstone") with strategic participation from leading asset management firms Coatue and DigitalBridge Credit, and funds and accounts managed by BlackRock, PIMCO, and Carlyle.
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Flux Power Closes New $15 Million Credit Facility with Gibraltar Business Capital
August 7, 2023-Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced that it has secured a new $15.0 million credit facility from Gibraltar Business Capital (“GBC”) to fund working capital and to refinance its existing credit facility with Silicon Valley Bank (“SVB”).
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Eclipse Business Capital Provides $23.4 Million ABL Credit Facility
August 7, 2023Eclipse Business Capital LLC (“EBC”) announced that it has provided a $23.4 million senior secured ABL credit facility to a distributor of travel products and accessories. The Company primarily sells branded products through Amazon and other various retailers.
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A&G Named 'Real Estate Restructuring Firm of the Year’ in 15th Annual Turnaround Atlas Awards
August 7, 2023Global M&A Network has named A&G Real Estate Partners “Real Estate Restructuring Firm of the Year” as part of its 15th Annual Turnaround Atlas Awards—the latest recognition of A&G’s national role as a provider of portfolio-optimization strategy, lease-restructuring and real estate sales.
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X4 Pharmaceuticals Closes $115 Million Loan Facility with Hercules Capital
August 7, 2023X4 Pharmaceuticals (Nasdaq: XFOR), a leader in the discovery and development of novel small-molecule therapeutics to benefit people with rare diseases of the immune system, today announced the closing of a $115 million loan facility with Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”).
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Tupperware Brands Announces Debt Restructuring
August 7, 2023Tupperware Brands Corporation (NYSE: TUP), a global consumer products company, announced today that it has finalized an agreement with its lenders to restructure its existing debt obligations, improving the Company's overall financial position by amending certain credit obligations and extending the maturity of certain debt facilities to allow it to continue with its turnaround efforts.
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First Horizon Corporation Announces Five Year Employment Agreement with CEO D. Bryan Jordan
August 7, 2023First Horizon Corp. (NYSE: FHN or "First Horizon") today announced a five-year employment agreement with Chairman, President and Chief Executive Officer D. Bryan Jordan.
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1st Commercial Credit's Referral Program Proves a Success: Over $1 Million Paid Out to 12 Factoring Companies
August 7, 20231st Commercial Credit, LLC is delighted to announce the resounding success of its referral program, which has attracted a diverse range of factoring companies and small asset-based lenders. With over 12 participants benefiting from the program, the total referral commissions have reached an impressive milestone of over $1 million.
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Bowman Increases Borrowing Capacity Under Revolving Credit Facility
August 3, 2023Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN) announced today that it has completed a First Amendment to Amended and Restated Credit Agreement (the “First Amendment”) with respect to the Company’s revolving credit facility (the “Revolver”) with Bank of America, N.A.
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Holland & Knight Advises Lead Arrangers, and Natixis Corporate & Investment Banking as Administrative Agent and Sustainability Coordinator, on $1.5 Billion Sustainability-Linked Credit Facility
August 3, 2023Holland & Knight represented Natixis Corporate & Investment Banking (Natixis CIB) and the other lead arrangers (Coöperatieve Rabobank U.A., New York Branch (Rabobank), Export Development Canada and Desjardins Group), and Natixis CIB, New York Branch as Administrative Agent and Sustainability Coordinator, on the closing of a $1.5 billion revolving credit facility for Invenergy Renewables Operating I LLC to support Invenergy's growing project development pipeline.
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Andy Du Returns to CIT Commercial Services IN Los Angeles as Director and Team Leader
August 3, 2023CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has hired Andy Du as a director and team leader. Based in Los Angeles, Du will help cover the western region with responsibility for leading a team of account executives in overseeing and growing their respective portfolios while also effectively managing risk and driving growth.
The Secured Lender
SFNet's The Women in Secured Finance Issue



