- SFNet Market Pulse
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
- MidCap Financial Announces Key Leadership Appointments as Part of Planned Succession
- Gibraltar Business Capital Delivers $15MM Senior Secured Facility to Bolster Sampa USA’s Expansion
- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
TSL Express Daily Articles & News
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SFNet Creates the SFNet Guide to the California Commercial Finance Disclosure Laws and Regulations
SFNet is pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial new California Disclosure Regulations for Commercial Finance Transactions that go into effect December 9, 2022. The Regulations apply to non-regulated commercial institutions offering financial transactions of $500,000 or less to California borrowers.
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The Best of Both Worlds: How Community Banks and Asset-Based Lenders Partner to Serve SMEs
Community banks play a vital role in enabling local businesses and communities to thrive. By either offering asset-based lending as part of their product off erings or partnering with a nonbank asset-based lender, community banks can off er the best of both worlds to small and mid-sized businesses. The Secured Finance Network interviewed several of its members who shared their experiences and perspectives.
TSL Express Daily Headlines & News
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Generation Mining Announces US$400 Million Senior Debt Facility Mandate with EDC, ING, and Societe Generale
May 3, 2023Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) has executed a mandate letter to arrange a senior secured project finance facility of up to US$400 million (the “Mandate”) to fund the construction and development of its Marathon Palladium-Copper Project, located on the north shore of Lake Superior in the Province of Ontario, Canada (the “Marathon Project”).
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Lannett Company, Inc. Files Prepackaged Chapter 11 Cases to Significantly Strengthen Financial Position
May 3, 2023Lannett Company, Inc. (OTCMKTS: LCIN) (the "Company" or "Lannett") today announced that it and certain of its subsidiaries have commenced prepackaged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware
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PGIM Strengthens Alternatives Offering With Agreement to Acquire Majority Interest in Deerpath Capital
May 3, 2023PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has signed a definitive agreement to acquire a majority interest in Deerpath Capital Management, LP and its associated affiliates. Deerpath Capital is a U.S. private credit and direct lending manager focused primarily on financing private equity sponsor-backed companies in the lower middle market.
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ADMA Biologics Announces Amendment to Credit Agreement
May 3, 2023ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing, and developing specialty plasma-derived biologics, today announced the Company has amended the terms of its existing senior credit facility with Hayfin Capital Management (“Hayfin”), which matures in March 2027.
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Amerisource Closes $2,000,000 Senior Credit Facility for Food Production Firm
May 3, 2023Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a New York-based commercial bakery, providing private-label baked goods to retail and institutional users. The proceeds were used to fund growth and ongoing operations.
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Subleases Available for 10 Sprouts Farmers Market Stores
May 2, 2023Ten Sprouts Farmers Market locations in five states are available for sublease by grocers and other large-format retailers, announced A&G Real Estate Partners, which is marketing the locations on behalf of Phoenix-based Sprouts.
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Gibraltar Expands Northeast Team with New VP Zach Dollarhide
May 2, 2023Gibraltar proudly welcomes Zach Dollarhide as the newest member of our strategic business development team as VP and business development officer for our Northeast Region.
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BayWa r.e. Secures $115M Credit Facility to Support Late-Stage Solar+Storage Projects
May 2, 2023BayWa r.e. has secured a $115-million credit facility with global financial services firm Nomura to support the development of utility-scale solar and solar+storage projects as it continues to grow its footprint in the U.S. clean energy market.
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SLR Credit Solutions Announces New Hires and Promotions
May 2, 2023SLR Credit Solutions welcomes Tanner Phifer, Michael Stavrakos and Carter Buff. George Vartanov, Jack Murphy and Meghan McDermott were promoted.
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RelPro Adds Government Contract Data to Platform
May 2, 2023RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, today announced the integration of United States Government Contract Award data into its platform. This new intelligence provides visibility into Federal Government Contracts and the companies awarded those contracts.
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Getzler Henrich & Associates’ Ryan Gross Honored with NextGen Award by the Turnaround Management Association
May 2, 2023Ryan Gross, a Director at Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and respected middle-market corporate restructuring and operations improvement firms, received the 2022 NextGen Award by the Turnaround Management Association- Detroit Chapter at their inaugural Awards Ceremony today.
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Gridiron Capital Announces Legacy Service Partners’ Investment in Two Strategic Residential Services Companies
May 2, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, Legacy Service Partners (“Legacy”), has recently completed an investment in two home services companies: John Henry’s Plumbing, Heating & Air and Buehler Air Conditioning.
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Mitsubishi Corporation (MC) Announces the Launch of Marunouchi Climate Tech Growth Fund L.P.
May 2, 2023Mitsubishi Corporation (MC) is pleased to announce the launch of Marunouchi Climate Tech Growth Fund L.P. (the Fund), which is managed by Marunouchi Innovation Partners Co., Ltd. (MIP), a company jointly established by MC, MUFG Bank Ltd. (MUBK) and Pavilion Private Equity Co., Ltd. (PPE). The Fund will invest primarily in companies dedicated to decarbonization through the development of climate tech.
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Kian Capital Closes Oversubscribed Third Fund at $400 Million
May 2, 2023Kian Capital Partners (“Kian”), a lower-middle-market focused private investment firm, is pleased to announce the closing of the firm’s latest fund, Kian Growth Partners III, L.P. (“KGP III” or “the Fund”), which was oversubscribed at $400 million.
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Northwest Bank Welcomes Dan Delgadillo as Managing Director of New Sponsor Finance Group
May 2, 2023With more than 20 years of sponsor finance and commercial lending experience, Dan Delgadillo joins Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, to lead the bank’s new Sponsor Finance Group.
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RA Capital Funding LLC Announces Hiring of Gregg Rubin as President-Chief Credit Officer
May 2, 2023RA Capital Funding, LLC, a factor and asset-based lender, is pleased to announce that Gregg Rubin has joined the company as president-chief credit officer. Mr Rubin's responsibilities will include overseeing all operations, credit, marketing, business development and accounting functions.
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Gordon Brothers & Nations Capital Complete H2 Brands Group Acquisition
May 2, 2023Gordon Brothers, the global advisory and investment firm, in a joint venture with Nations Capital Inc., an asset management and advisory firm, has completed the purchase of substantially all the assets of H2 Brands Group, a leading national consumer products company with annual sales in excess of $250 million and a portfolio of nationally recognized brands, including Comfort Zone®, Shur-Line®, Helping Hand® and Bulldog® Hardware.
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Commercial Funding Inc. Closes $1 Million Factoring Line for Oil & Gas Engineering Firm
May 2, 2023Commercial Funding Inc., a national provider of accounts receivable financing, including invoice factoring, and asset based lending, has closed a $1 million factoring facility for an engineering and project management company that services the oil and gas industry.
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FibroGen Announces Non-Dilutive Term Loan Financing for up to $150 Million with Morgan Stanley Tactical Value
May 2, 2023Morgan Stanley & Co. LLC acted as sole structuring agent to FibroGen on this transaction and Goodwin Procter LLP acted as counsel to FibroGen. Gibson, Dunn & Crutcher LLP acted as counsel to the investor.
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Abacus Finance Provides Senior Debt Financing to Support the Acquisition of Workplace Modular Systems LLC by Accelevation LLC, An LFM Capital Portfolio Company
May 2, 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 acquisition of Workplace Modular Systems LLC by Accelevation LLC, an LFM Capital portfolio company.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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