- Applied Digital Announces $300 Million Senior Secured Bridge Facility
- Aegis Business Credit Closes $2.5 Million Revolving Line of Credit for a Southeast US-based Staffing Company
- FTAI Upsizes Revolving Credit Facility to Over $2 Billion
- nFusion Capital Provides $18 Million Factoring Facility to Women-Owned Staffing Company
- Foothills Capital Advisory Secures Working Capital Facility for Top Pot Doughnuts
TSL Express Daily Articles & News
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Jon R. Mooney has joined McGuireWoods’ debt finance practice as a partner in Pittsburgh after nearly a decade serving in senior legal roles at one of the nation’s largest financial institutions.
Mooney comes to the firm from the PNC Financial Services Group, Inc., where he served as managing chief counsel for corporate banking and capital markets. He was responsible for legal coverage in several diverse banking sectors, including large corporate finance, asset-backed finance, public finance and asset-based lending.
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Kristen Holihan is a Senior Vice President, Senior Business Development Officer for Bank of America Business Capital (BABC), the asset based lending team at Bank of America. Kristen is responsible for identifying and engaging new ABL opportunities and working with potential borrowers to get a new ABL revolver structured and closed. She is focused on covering private equity groups, advisors, middle market companies, and large corporate companies, in both Metro New York and Upstate New York, to deliver these solutions. Kristen has also spent significant time as an ABL underwriter, as well as on the Leveraged Finance Origination and Capital Markets teams. Kristen graduated from Babson College in 2012 with a Bachelor of Science (concentration in finance). She will also be starting the Executive MBA Program at Columbia University in August 2021. Kristen is a member of the Diversity Equity and Inclusiveness Committee for the Secured Finance Network, as well as a member of the Diversity and Inclusion Council at Bank of America.
TSL Express Daily Headlines & News
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Prime Trust, LLC Files Voluntary Chapter 11 Petitions
August 15, 2023Prime Trust, LLC and certain of its affiliates (collectively, the “Company”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
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First Citizens Bank Provides Loan to Refinance Florida Senior Living Community
August 15, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida.
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Merchant West Group Successfully Upgrades to Solifi ABL
August 15, 2023Solifi™, a global fintech software partner for secured finance, announced that Merchant West Group, a leading privately-owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform.
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Monroe Capital Supports Core Industrial Partners’ Gem Manufacturing Add-On Acquisition
August 15, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”), by GEM Manufacturing (“GEM”). GEM is an existing portfolio company of CORE Industrial Partners.
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Marco Provides Factoring Facility to FruitBreeze LLC
August 15, 2023FruitBreeze LLC, a wholesale trader of fruits and vegetables, has been granted a factoring line by Marco to offer better payment terms to its overseas customers without disrupting its day-to-day operations. Currently, the company serves well-known clients in both the United States and Japan. With the help of this new factoring arrangement, they are also expanding their customer base to new markets, including Europe.
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TradeCap Partners Closes $1,000,000 Purchase Order Finance Facility with Florida-based Aerospace Parts Distributor
August 15, 2023TradeCap Partners recently closed a $1,000,000 purchase order finance facility with an aerospace parts distributor based in Florida. Continued year over year growth combined with an existing credit facility structured around a single customer was constraining cash flow.
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SFNet New Member Spotlight: Gipstein Law PLLC
August 14, 2023Gipstein Law PLLC is a boutique law firm that specializes in transactional real estate as well as representing private commercial lenders, private mortgage lenders, and providers of various types of sales-based financing.
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Greater Commercial Lending Completes Additional $25 Million in USDA-Guaranteed Financing for Aemetis Dairy Digesters to Produce Renewable Natural Gas
August 14, 2023Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.
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HLS Therapeutics Announces Updates to its Credit Agreement
August 14, 2023HLS Therapeutics Inc. ("HLS" or the "Company") (TSX: HLS), a pharmaceutical company focusing on central nervous system and cardiovascular markets, announces an extension to its credit agreement, senior secured term loan, revolver facility and expansion facility (the "Amended Agreement") with a syndicate of leading bank lenders (the "Syndicate") led by JPMorgan Chase Bank as Admin Agent and Arranger.
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Triad Financial Services Announces $1.14 Billion in Consumer Financing
August 14, 2023Triad Financial Services, a subsidiary of ECN Capital Corp (TSX : ECN) (“ECN Capital” or the “Company”), a leader in financing solutions to manufactured housing dealers across the U.S., today announced that it has signed a letter of intent for $1.14 billion in financing from Blackstone’s Asset-Based Finance (“ABF”) Group.
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Flotek Announces Entry into Asset Based Loan Agreement
August 14, 2023Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has entered into a revolving loan and security agreement in connection with an Asset Based Loan ("ABL") with Amerisource Funding, Inc. ("Lender").
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MidFirst Business Credit Announces New Lending Relationship with Anthony Machine
August 14, 2023MidFirst Business Credit (MFBC) announced it has recently provided a working capital and term facility to Anthony Machine (Anthony). Headquartered in San Antonio, Texas, Anthony provides design and high-precision fabrication services, specializing in small to large gearboxes, pumps, shafts, housings, assemblies, and industrial equipment and parts and repair and maintenance services to companies in the petrochemical, mining & aggregate, aerospace, and processors for the oil and gas industries.
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SFNet Announces the Winners of its 2023 Cross-Border Finance Essay Contest
August 14, 2023SFNet is pleased to announce the winners of its 2023 Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions and have chosen:
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MindMed Secures $50.0 Million Credit Facility with K2 HealthVentures
August 14, 2023Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED), (the “Company” or “MindMed”), a clinical stage biopharmaceutical company developing novel product candidates to treat brain health disorders, today announced that it has entered into a senior secured credit facility with K2 HealthVentures, a healthcare-focused specialty finance company.
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Carolyn Crooks Joins Evercore as Senior Managing Director in the Financial Sponsors Group
August 14, 2023Carolyn Crooks joins Evercore today (NYSE: EVR) as a senior managing director in the Financial Sponsors Group and will be based in New York. Ms. Crooks comes to Evercore after 21 years at Barclays, where she was a managing director in the financial sponsors group.
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Real Estate Finance Partner Michael McCarthy Joins Morgan Lewis in New York
August 14, 2023Morgan Lewis is bolstering its commercial real estate finance bench with the addition of former Stroock & Stroock & Lavan partner Michael (Mike) McCarthy. Arriving as a partner resident in New York, Mike will continue to advise institutional lenders, borrowers, and investors on a variety of commercial real estate finance and related matters.
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Gordon Brothers Acquires Telefunken
August 14, 2023Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken. Based in Frankfurt, Germany, Telefunken has become one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio.
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Wolters Kluwer Expert Points to Potential Risks 2023 Bank Failures Pose for Non-Bank Lenders
August 14, 2023After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects. Those impacts may include closer regulatory scrutiny for both traditional and non-bank lenders, according to Wolters Kluwer Compliance Solutions expert Kevin Wilzbach.
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B. Riley Serves as Debt Placement Agent to Transom Capital Group in its Acquisition of Bose Professional
August 14, 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 advisor and placement agent to Transom Capital Group (“Transom”) in connection with its acquisition of the Professional Division of Bose Corporation (“Bose Professional”).
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Greenbacker Partners with RBC Community Investments to Complete one of Clean Energy Industry’s First Solar PTC Deals
August 14, 2023Greenbacker Capital Management (“GCM”), a leading renewable energy asset manager, announced today that, through an affiliated investment vehicle, it has completed a $148 million tax equity financing commitment with RBC Community Investments. The commitment—one of the very first tax equity deals to utilize the solar production tax credit (“PTC”)—is helping finance one of the largest solar projects in GCM’s fleet.
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SFNet's The Women in Secured Finance Issue



