- Searles Valley Minerals Initiates Court-Supervised Sale of its Critical Minerals Platform
- Concord Financial Advisors Marks 25 Years in Business
- Hallmark Financial Services Takes Strategic Action to Strengthen Holding Company Capital Structure and Support Long-Term Success
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- JPalmer Collective Appoints Andrew Hollingsworth Senior Vice President, Portfolio
TSL Express Daily Articles & News
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Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, together with Snowden Lane’s private equity partner, Estancia Capital Partners (“Estancia”), today announced that Snowden Lane secured a new $100 million credit facility.
The new facility replaces a facility originally secured with ORIX Corporation in 2018 and subsequently expanded in early 2022. The $100 million of available credit will enable Snowden Lane to significantly bolster its recruiting momentum and position itself for sustained growth through 2023 and beyond.
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It is not everyday that you are given an opportunity to live out the career you would have in an alternate universe, but that is exactly what happened to me, thanks to the SFNet Guest Lecture Program and SFNet MidWest Chapter President Jennifer Kempton, who kindly asked me to be the Guest Lecturer.
Last month, Sarah Fyffe, vice president, Asset Based Lending, BMO Harris Bank, and I were able to virtually present ABL 101 to Professor Gregory Udell’s Entrepreneurial Finance Class at Indiana University on April 5. It was without a doubt one of the coolest things I have ever done in my career and I am so grateful to have been involved. Education and mentorship are my favorite part of the job and, to do so in a university setting, was an incredible experience. For Sarah, it was a chance to lecture to a classroom where she once sat as a student in Professor Udell’s class. Talk about coming full circle!
TSL Express Daily Headlines & News
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Ronnie Bloom to Expand FGI Finance Footprint in Western United States
September 6, 2023FGI Worldwide LLC (www.FGIWW.com) (“FGI”) announced today that Ronnie Bloom, Managing Director, will expand his business development efforts to the Western U.S. Mr. Bloom will remain involved in Canadian transactions as he develops and nurtures partnerships in California, the Pacific Northwest, and Texas.
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REC Signs $100 Million Foreign Currency Term Loan Agreement with EXIM Bank
September 6, 2023New Delhi: REC Limited on Wednesday informed that it has signed a foreign currency term loan agreement for USD 100 million, with Export Import Bank of India (EXIM Bank). As per the company, the said loan will be used towards refinance for on-lending to REC’s borrowers in power, infrastructure and logistics sectors for importing capital equipment.
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BlackRock Capital Investment Corporation Announces Credit Agreement Amendment
September 6, 2023BlackRock Capital Investment Corporation (“BCIC”) (NASDAQ: BKCC) today announced that it has entered into an amendment (the “Amendment”) to its $265 million senior secured revolving credit agreement (as amended, including by the Amendment, the “Revolving Credit Facility”). The Amendment, among other things:
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SG Credit Announces Hiring of Irena Snider as CFO
September 6, 2023SG Credit Partners announced the hiring of Irena Snider as Chief Financial Officer with responsibilities including strategy, capital raising, reporting and building financial infrastructure.
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Senior Business Development Officer Joins CIBC’s US Asset-based Lending Team
September 6, 2023CIBC today announced it has welcomed a new business development officer to join its Asset-Based Lending team, furthering their commitment to serving middle market clients across the US. Ron Kerdasha joins the team as a managing director and senior business development officer with more than 30 years of industry experience.
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AmRock Financial Unveils Innovative Redesign Website with new Features for Enhanced User Experience
September 6, 2023AmRock Financial, a leading name in the financial services industry, is excited to announce the launch of its newly redesigned website, offering a seamless, user-friendly intuitive design experience, quick and easy access to essential information and a comprehensive understanding of the company’s products and services.
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Blank Rome Adds Veteran ESOP Lawyer to Growing Dallas Office
September 6, 2023Blank Rome LLP is pleased to announce that Jason C. Ray has joined the firm as a partner in its Tax, Benefits, and Private Client group in the firm’s new Dallas office. Ray advises employers on the design, implementation, and regulatory compliance of tax-qualified and nonqualified retirement plans with an emphasis on employee stock ownership plans (“ESOPs”). Ray joins Blank Rome from Morgan Lewis.
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Access Capital Upgrades to Solifi’s SaaS Asset-based Lending Solution
September 6, 2023Solifi™, a global fintech software partner for secured finance, announced that Access Capital, a privately owned asset-based lending firm based in New York City, NY, has upgraded from its on-premise system to Solifi ABL on Open Finance Platform.
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CohnReznick Extends Offshore Capabilities; Establishes CohnReznick Philippines, Inc.
September 6, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has established a separate affiliate, CohnReznick Philippines, Inc. as part of an ongoing expansion of its offshore services and capabilities.
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US Capital Global Expands San Francisco Headquarters with Appointment of Vice President Tejal Shah
September 6, 2023US Capital Global is pleased to announce that Tejal Shah has joined the group as Vice President at the group’s global headquarters in San Francisco, California. Ms. Shah brings to US Capital Global a strong background in financial services and asset management, along with expertise in capital raising and fostering high-value relationships.
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First Citizens Bank Announces Leadership Structure for Wealth Organization
September 6, 2023First Citizens Bank today announced a new leadership structure for its wealth organization that will improve coordination and enhance its commitment to supporting individuals, families and institutions with outstanding financial solutions and guidance.
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Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
September 6, 2023Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services.
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Golub Capital Deepens Commitment To Korean Investors
September 6, 2023Golub Capital today announced that Sean Chung has joined as a Managing Director and will be based in the Firm’s Seoul office, further expanding the Korea-focused team.
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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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