- American Signature’s Retail Boxes Create Expansion Opportunity for Growing Retailers
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- Jones Day Names 33 new Partners
- Gibraltar Business Capital Delivers $15MM Senior Secured Facility to Bolster Sampa USA’s Expansion
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
TSL Express Daily Articles & News
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Barry Bobrow Joins Regions Business Capital (RBC) as Managing Director, Head of Credit Markets
Regions Business Capital (RBC) announces that Barry Bobrow has joined as Managing Director, Head of Credit Markets. Barry brings over 35 years of banking experience to this new role, including significant leadership positions in asset-based lending and debt capital markets.
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SFNet's Asset-Based Capital Conference offers you the opportunity to join your colleagues in asset-based lending, alternative asset management, private debt, private equity, distressed debt, and service providers such as attorneys and appraisers for panels and discussions on the rapidly changing economic environment and how it impacts your portfolios and business opportunities.
On March 9-11, we will bring ABCC to you live online, with the great content and opportunities for networking that you have come to expect from the conference. We caught up with ABCC Conference Chair, Barry Bobrow, managing director and head of Loan Sales & Syndications for Wells Fargo Capital Finance who discusses what will make this year’s Conference stand out.
TSL Express Daily Headlines & News
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Comvest Credit Partners Provides Second Upsize to Above Lending; Senior Credit Facility Now $220 Million
May 16, 2023Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and Sole Lender on a $220 million senior secured credit facility (the “Financing”) to Above Lending (the “Company”), a Houston-based national provider of consumer loans.
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Cascadia Capital Announces Capital Markets Advisory Practice, Expansion to Atlanta Market with Hiring of Managing Director Carle Felton
May 16, 2023Cascadia Capital, one of the nation's most active independent middle-market investment banks, announced today the formal launch of its Capital Markets Advisory practice and expansion to the Atlanta market with the hiring of Managing Director Carle Felton.
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Gridiron Capital Expands Team with New Talent
May 16, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Lauren Amos and Marlon Alebiosu to the firm as Senior Associates.
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XPO Announces Proposed Term Loan Refinancing Transaction
May 15, 2023XPO, Inc. (“XPO” or the “company”) (NYSE: XPO) today announced that it intends to refinance a portion of its existing senior secured term loan facility due February 2025 with approximately $700 million of new senior secured term loans maturing in 2028
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Venator Reaches Comprehensive Agreement to Enter Prepackaged Chapter 11 to Significantly Reduce Debt and Promptly Emerge Positioned for Long-Term Growth
May 15, 2023Venator Materials PLC ("Venator" or the "Company") (NYSE: VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan.
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UMH Properties, Inc. Enters Into New Term Loan and Revolving Line of Credit
May 15, 2023UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), announced that on May 11, 2023, it entered into a $25 million term loan with FirstBank. The term loan has a 5-year term with a competitive fixed interest rate. The previous line of credit had a balance of $15.1 million which has been rolled into the new term loan.
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Athenex, Inc. Reaches Agreement With Lenders to Pursue Expedited Sales Process
May 15, 2023Athenex, Inc., a global biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies for the treatment of cancer and related conditions, today announced that, following an ongoing strategic review, it has reached agreement with its lenders to move forward with an expedited sales process of the Company’s assets across its primary businesses: Athenex Pharmaceutical Division (“APD”), Orascovery, and Cell Therapy.
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Wells Fargo Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments
May 15, 2023Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for deposits in U.S. dollars for a three-month tenor.
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Blank Rome Adds Leading Group of Litigators in New York
May 15, 2023New York City — Blank Rome LLP is pleased to welcome a leading group of litigators in its Commercial Litigation practice group in New York, bolstering the firm’s national commercial and real estate litigation offerings. The group consists of nine attorneys whose practice areas focus on two broad areas as described below. They practiced at Akerman LLP before joining Blank Rome.
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Autocar LLC, Mitsubishi HC Capital America and Chargepoint “Power UpTM” the Electrification of Severe-Duty Vehicle Fleets Through One-Stop Financing
May 15, 2023Autocar, LLC, a leading manufacturer providing custom engineered severe-duty vocational vehicles, announced today it has partnered with Mitsubishi HC Capital America and ChargePoint to provide the Power UpTM Program, a bundled vehicle financing solution designed to help customers grow their electric fleets as well as build and install charging infrastructure.
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First Internet Bank Adds Senior Business Development Officer, Further Strengthening Nationwide Reach
May 15, 2023First Internet Bank announced today that Charles Wheaton has joined the organization as Vice President, Senior Business Development Officer. With his vast experience in all facets of corporate lending, their newest member further strengthens the Bank’s Small Business Administration (SBA) team that ranks among national leaders in SBA lending.
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NFI Announces Comprehensive Refinancing Plan that includes Credit Approved, Amended Three-Year Senior Credit Facilities, a $150 million Equity Issuance, and a $200 to $250 Million Second Lien Debt Financing
May 15, 2023TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it is working to complete a comprehensive refinancing plan to improve financial flexibility, strengthen its balance sheet and best position the Company to capitalize on the historic demand for its products and expected financial recovery.
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Hilco Performance Solutions Names Susan Stanley Continuous Improvement and Lean Manufacturing Practice Leader
May 15, 2023Hilco Performance Solutions (HPS), a management advisory firm that consists of operational and financial experts in the areas of Manufacturing, Supply Chain, Sales & Customer Experience, Organizational Design, and M&A has named Associate Director Susan Stanley to the new position of Continuous Improvement and Lean Manufacturing Practice Leader.
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KKR-backed Envision Healthcare Files for Bankruptcy
May 15, 2023KKR & Co Inc-backed (KKR.N) Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of $1 billion to $10 billion each, the company said in a court filing.
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Parker Hudson Expands its Litigation Capabilities into Chicago with the Addition of Todd C. Jacobs and John E. Bucheit
May 15, 2023Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is excited to announce its entry into the Chicago market. The firm is expanding its litigation capabilities with the addition of two highly regarded and experienced trial lawyers, Todd C. Jacobs and John E. Bucheit.
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Berkshire Bank Promotes Greg Saint John to SVP, Deputy Chief Credit Officer
May 15, 2023Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, announces that Greg Saint John, an experienced credit officer and banking industry veteran, was promoted to senior vice president, deputy chief credit officer & commercial credit director.
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eCapital Expands With Two Senior Hires
May 15, 2023The two new hires, Matthew DeBernardo, SVP, Business Development Officer, and Bret Aaron Meuschke, SVP, Business Development Officer, will be involved in managing Factoring and Asset-based Lending transactions as part of the company’s Commercial Finance division.
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Granite Construction Incorporated Announces Closing of $325 Million of Convertible Senior Notes due 2028 and Full Exercise of Initial Purchasers’ Option to Purchase Additional $48.75 Million of the Convertible Senior Notes
May 15, 2023Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.75% Convertible Senior Notes due 2028 (the “Convertible Notes”) for gross proceeds of $373.75 million.
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Amino Health Secures $80 Million in Financing to Accelerate Growth and Product Innovation
May 15, 2023Amino Health, the leading digital healthcare guidance company, today announced $80 million in both equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively. In the face of declining digital health investment, this funding underscores the success of Amino Health's proven model and enables the company to scale its technology and continue its strong growth trajectory.
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Portage Point Adds Tom Studebaker as Co-Head Of Turnaround & Restructuring Practice
May 15, 2023Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Thomas Studebaker has joined the firm as Managing Director & Co-Head of the Turnaround & Restructuring practice.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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