- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- nFusion Capital Provides $2 Million Factoring Facility for a Staffing Company
- Transparency Analytics Completes Second Funding Round Led by Deciens Capital
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- LA Times Studios Recognizes CohnReznick’s Rodriguez as Commercial Real Estate Visionary
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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ePlus Expands Credit Facility
ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
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Part II: Supply Chain Congestion Critical as Shipping from Asia Compounds Issues
As the ongoing COVID-19 pandemic continues to disrupt global trade, port congestion has reached critical levels. With little to no excess shipping capacity and high demand, Gordon Brothers expects supply chain congestion through at least the first half of 2021.
A previous article in this two-part series reviewed current supply chain stresses, the manufacturing and shipping irregularities causing stress and the pandemic’s continued ramifications for U.S. consumers.
In this follow-up article, Gordon Brothers’ inventory and valuation expert Ulos Anderson takes a closer look at this tight capacity and how sharp increases in shipping costs are compounding current issues. Additionally, he reviews the effects trade with China and demand for consumer products, which have soared amid pandemic lockdowns, have on supply and demand across industries and asset types for those in the banking, lending and restructuring industries.
A previous article in this two-part series reviewed current supply chain stresses, the manufacturing and shipping irregularities causing stress and the pandemic’s continued ramifications for U.S. consumers.
In this follow-up article, Gordon Brothers’ inventory and valuation expert Ulos Anderson takes a closer look at this tight capacity and how sharp increases in shipping costs are compounding current issues. Additionally, he reviews the effects trade with China and demand for consumer products, which have soared amid pandemic lockdowns, have on supply and demand across industries and asset types for those in the banking, lending and restructuring industries.
TSL Express Daily Headlines & News
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4Front Ventures Announces Non-Binding Term Sheet for Extension of Senior Secured Debt
May 8, 20234Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") announced today that it has entered into a non-binding term sheet ("Term Sheet") with its senior secured lender, LI Lending, LLC ("Lender") to extend the maturity date, reduce the interest payable, and expand the third-party financings available under the December 17, 2020 Amended and Restated Loan and Security Agreement.
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Securitize Expands Access to Hamilton Lane's Senior Credit Opportunities Fund via Polygon
May 8, 2023Securitize, a firm digitizing the issuance, management, and trading of real-world assets, today launched a new feeder fund offering tokenized exposure to an evergreen private credit fund from leading private markets investment firm, Hamilton Lane (Nasdaq: HLNE), available exclusively on the Polygon blockchain.
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Small and Midsize Business Lending Fraud on the Rise, According to New LexisNexis Risk Solutions Study
May 8, 2023LexisNexis® Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud has increased significantly during the past 12 months, with many smaller banks, credit unions and fintechs expecting fraud levels to worsen over the next year.
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Clifford Chance Announces New Head of Global Asset Finance Group
May 8, 2023Clifford Chance announced today the appointment of partner Zarrar Sehgal as Head of the firm’s Global Asset Finance Group.
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Stonebriar Commercial Finance Announces Closing of $100 Million Construction Financing and Long-Term Lease
May 8, 2023Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $100 million construction financing and long-term lease on new passenger rail cars. This transaction supports the Lessee’s further expansion to service its growing customer base.
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SFNet Member Spotlight: Sound Point Capital Management, LP
May 8, 2023Sound Point Capital Management, LP is an asset management firm founded in 2008 with particular expertise in credit strategies.
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Canara Biotech Inc. Secures an Additional $10 Million In Non-Dilutive Capital With its Lead Credit Provider, BMO Commercial Banking
May 8, 2023Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., announced today that they have raised an additional $10 million of credit facilities from its lead bank, BMO Commercial Banking
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Golden West Food Group Inc. Announces Completion of Debt Refinancing Transaction
May 8, 2023J.P. Morgan and Wells Fargo Bank were the Joint Lead Arrangers, with J.P. Morgan serving as Administrative Agent. KKAP Advisors provided advisory service to the company.
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SLR Healthcare ABL Provides Financing to Clinical Lab
May 8, 2023SLR Healthcare ABL is pleased to announce that it has provided an $8 Million asset-based revolving line of credit to a clinical lab.
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MidCap Financial Closes $20mm Senior Revolving Credit Facility to Village Fertility Pharmacy
May 8, 2023MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $20mm senior revolving credit facility to ABD Group Inc. (“Village Fertility Pharmacy,” “VFP” or “Company”).
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Cyxtera Gets $50M Lifeline, Reaches new Agreement With Debtors, is Forced to Seek Sale or new Investment
May 8, 2023The company this week announced that it has received $50 million in new financing from certain lenders, holding over two-thirds of its outstanding term loan, to support ongoing business operations.
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Invacare Holdings Corporation Completes Financial Restructuring and is Well Positioned to Drive Forward in its Transformation
May 8, 2023-Invacare Holdings Corporation (“Invacare” or “the company”), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced that Invacare Corporation and its two U.S. subsidiaries, Freedom Designs, Inc. and Adaptive Switch Laboratories, Inc., successfully emerged from Chapter 11 on May 5, 2023.
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NFIB Survey Reveals Small Businesses Prefer Smaller Banks and Value Customer Service
May 8, 2023Conducted via email from April 14-18, 2023, the survey provides insights into small business banking operations and confidence in the banking system and the overall economy.
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Bed Bath & Beyond Owes Over $95M to These 14 Vendors in its Supply Chain
May 8, 2023The bankrupt retailer has big trade debts to numerous suppliers as well as transportation providers.
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ARKO Corp. Announces the Extension of Oak Street Commitment for up to $1.5 Billion and Announces a Credit Line Increase to $800 Million and Extension of Maturity
May 8, 2023ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, announced today two separate agreements that enhance the Company’s dealmaking flexibility and long-term growth strategy.
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Christmas Tree Shops Becomes Latest Retailer To Seek Bankruptcy Protection
May 8, 2023Christmas Tree Shops has joined its former owner Bed Bath & Beyond in seeking bankruptcy protection, adding to the growing list of retailers this year that have filed for Chapter 11. The Middleborough, Massachusetts-based chain went to U.S. Bankruptcy Court in Delaware to seek voluntary protection Friday.
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Equity Bank Announces Hire of Richard M. Sems as President
May 8, 2023Equity Bancshares, Inc (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Richard M. (“Rick”) Sems as President of Equity Bank (“the Bank”).
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Audax Private Debt Provides Financing to Support Amulet Capital Partners’ Acquisition of minds + assembly
May 8, 2023Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Amulet Capital Partners (“Amulet”) in their acquisition of minds + assembly (the “Company”).
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Graycliff Partners’ Growth Investment in Republic Electric Company
May 8, 2023O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Graycliff Partners' growth investment in Republic Electric Company ("Republic").
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Winston & Strawn Corporate Partner Jordan Klein Elevated to Additional Leadership Position
May 4, 2023Jordan is recognized as one of the country’s go-to lawyers in the ABL and lender finance spaces and has extensive experience advising clients in asset-based, cash flow, leveraged, real estate, and other financial transactions.
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