- BIG Fiber Secures $250 Million Financing Led by Stonepeak Credit and La Caisse to Accelerate Digital Infrastructure Expansion
- Eversheds Sutherland Welcomes Kathryn Nordick as Senior Counsel in Texas, Advancing Strategic Growth of the US Finance Practice Group
- Moritt Hock & Hamroff Adds Partner Parag Parekh to Expanding Condominium & Co-Op Practice
- Innovative Motion Technologies Secures New Credit Facility to Support Continued Growth and M&A Strategy
- Par Pacific Announces Closing of Private Placement of $500 Million of Senior Notes and Increase and Extension of ABL
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Cambridge Savings Bank Supports Cascade School Supplies with $8.8 Million Credit Facility to Support Growth and Infrastructure Improvements
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that its Asset-Based Lending team provided an $8.8 million credit facility to Cascade School Supplies. Based in North Adams, MA, Cascade retails a wide range of educational materials to public schools in the Northeast, while also meeting the office supplies and furniture needs of various other organizations.
TSL Express Trending Story
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Allou Healthcare was one of the biggest frauds ever perpetrated against ABL lenders. What follows is a description of the case from an individual who was directly involved from day one. TSL will be publishing the entire article in two installments. In Part One, you will read how the fraud was perpetrated and how it was discovered. In the second installment, to be published in our September issue, you will read all the steps taken by the lenders and their team of professionals to recoup the loan and to punish the wrongdoers. This is a rare firsthand account of a significant fraud and you won’t want to miss it.
TSL Express Daily Headlines & News
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Houlihan Lokey Launches Sustainability Advisory Services Practice and Announces Senior Hire
September 6, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today the launch of a new practice within the firm’s Financial and Valuation Advisory (FVA) business to provide clients with strategic counsel on sustainability and environmental, social, and governance (ESG) issues and to assist boards of directors, investors, and management teams in successfully navigating the ever-evolving global sustainability business landscape.
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Bluevine Expands FDIC Insurance Protection Up To $3 Million For Business Banking Customers
September 6, 2023--Bluevine, the one-stop digital banking platform specifically designed for small businesses, today announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x the industry standard of $250,000.
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Oak Valley Community Bank Announces Commercial Banking Officer Hiring
September 6, 2023Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Eric J. Manning has joined the bank as Vice President, Commercial Banking Officer. He is based out of the Roseville Office.
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Wintrust Receivables Finance Announces the Closing of a Line of Credit for a Temporary Staffing Firm
September 6, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $20 million account receivable line of credit for a Great Lakes-based temporary staffing firm (Company). The Company is a preferred staffing agency for some of the nation’s leading employers within the industries of aerospace, automotive, energy, oil and gas, power, and telecommunications.
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KKR Releases “Regime Change: The Role of Private Real Assets in the ‘Traditional’ Portfolio”
September 6, 2023KKR, a leading global investment firm, today announced the release of Regime Change: The Role of Real Assets in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio Construction, Investment Risk Management and Quantitative Analysis at KKR.
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Blank Rome Welcomes Experienced Derivatives Attorney Andrew Cross in Pittsburgh
September 6, 2023Blank Rome LLP is pleased to announce that Andrew P. Cross has joined the firm’s Pittsburgh office as of counsel in the Finance, Restructuring, and Bankruptcy group. Andrew focuses his practice on derivatives transactions and investment management regulatory matters. He joins from Perkins Coie LLP.
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Scotiabank Announces Senior Leadership Appointments
September 6, 2023Scotiabank announced today that Barb Mason, Group Head and Chief Human Resources Officer (CHRO), has announced her intention to retire from Scotiabank at the end of 2023, after a 41-year career with the bank.
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Jill Ford Joins the Corporate & Investment Bank as Head of Equity Capital Markets
September 6, 2023Wells Fargo & Company (NYSE: WFC) today announced that Jill Ford has joined the Corporate & Investment Bank (CIB) as head of Equity Capital Markets. She reports to Tim O’Hara, head of Banking, and is based in New York.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of BV Investment Partners’ Investment in the Hardenbergh Group
September 6, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group (“THG”), a leading provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.
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Express (EXPR) Enters Asset-based Term Loan Agreement with ReStore Capital
September 6, 2023On September 5, 2023, Express (NYSE: EXPR), Express, LLC (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, and certain other direct or indirect, wholly-owned subsidiaries of the Company (collectively, with the Company, the “Guarantors” and, together with the Borrower, the “Loan Parties”) entered into an asset-based term loan agreement (the “Term Loan Agreement”) with ReStore Capital LLC, as administrative agent, collateral agent and lender, and the other lenders from time to time party thereto.
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OPAL Fuels Announces New $500 Million Credit Facility
September 6, 2023OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced today the closing of a new $500 million senior secured credit facility (the “Credit Facility”).
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ASGN Successfully Completes Refinancing and Upsizing of $500 Million Revolving Credit Facility and $500 Million Term Loan B
September 6, 2023-ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors, announced today that the Company has successfully completed a series of transactions that upsize its Revolving Credit Facility and Term Loan B, extending the maturities of each.
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August Commercial Chapter 11 Filings Increase 54 Percent Over Last Year
September 6, 2023There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
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Prime Healthcare Services Completes Refinancing of ABL Credit Facility
September 6, 2023On August 25, 2023, Prime Healthcare Services, Inc. closed a $425 million senior secured revolving credit facility. Due to strong lender support, the new credit facility is expected to be upsized to $450 million in early September 2023.
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Cumberland Pharmaceuticals (CPIX) Enters New $25M Revolving Credit Facility
September 6, 2023On September 5, 2023, Cumberland Pharmaceuticals (NASDAQ: CPIX) entered into a new revolving credit loan agreement with Pinnacle Bank (the “New Pinnacle Agreement”). The New Pinnacle Agreement provides for an aggregate principal funding amount of up to $25 million.
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Associated Bank Releases 2022 Sustainability Report
September 6, 2023Associated Banc-Corp (NYSE: ASB) ("Associated Bank") has released its 2022 Sustainability Report. This annual report highlights the company's progress on environmental, social and governance initiatives and related priorities designed to improve the economic health of its markets; deliver a safe, productive and engaging workplace and culture; promote diversity, equity and inclusion; and preserve the environment.
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Abacus Finance Supports WestView's Growth Investment in Hubstaff; also makes Co-Investment
September 6, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth investment in Hubstaff by WestView Capital Partners.
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Commercial Credit, Inc. Named to North Carolina’s Top 40 Mid-Market Companies for the Eleventh Consecutive Year
September 5, 2023Commercial Credit, Inc., parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has been named to the Business North Carolina Mid-Market Fast 40 List for the eleventh time.
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AlixLabs secures SEK 40 million investment to advance energy-efficient semiconductor innovation
September 5, 2023Swedish semiconductor trailblazer, AlixLabs, has successfully secured SEK 40 million in funding to accelerate their pioneering work.
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Oxford Commercial Finance Provides $3MM Line of Credit to Aerospace Company
September 5, 2023Oxford Commercial Finance provides a $3MM Asset-Based Line of Credit to a Florida-based Aerospace company.
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