- Vectra Bank Colorado Welcomes Ty Aslin, Director of Commercial Banking
- Sage Crosses $100 Million in 2026 Funding with $35 Million Debt Facility from Stifel Bank
- KKR Leads A$400 Million Financing Solution for Ampol
- Dechert Bolsters Private Equity M&A Capabilities With Addition of Partner Leahana Grimley
- Proskauer Advises Oak Hill Advisors and a Consortium of Lenders on Credit Facility to Learfield in Connection with Acquisition by TPG
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Huntington Business Credit Closes $16 Million in New Credit Facilities With Polymerica Limited Company & Subsidiaries
Huntington Business Credit announced it closed $16,000,000 in new credit facilities with Polymerica Limited Company & Subsidiaries on December 8, 2022. Proceeds of the facility were used to refinance existing debt, support a partial recapitalization of the Company, and provide ongoing working capital financing.
TSL Express Trending Story
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Allou Healthcare was one of the biggest frauds ever perpetrated against ABL lenders. What follows is a description of the case from an individual who was directly involved from day one. TSL will be publishing the entire article in two installments. In Part One, you will read how the fraud was perpetrated and how it was discovered. In the second installment, to be published in our September issue, you will read all the steps taken by the lenders and their team of professionals to recoup the loan and to punish the wrongdoers. This is a rare firsthand account of a significant fraud and you won’t want to miss it.
TSL Express Daily Headlines & News
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
September 26, 2023The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $10.1 billion, up 14 percent year-over-year from new business volume in August 2022. Volume was up 2 percent from $9.9 billion in July.
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SFNet Member Spotlight: Blackburn Investment Management Inc.
September 25, 2023Our wealth of data and information is core to our business, but we just don’t accept numbers and figures and move on. We take extra steps to fact check, walk the properties, go on-site, visit with managers, and partner with third parties, all in the name of getting it right. The legwork pays off when we create new possibilities while respecting legacies.
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Golub Capital Expands Commitment to U.S. Offshore Investors and Latin America with Strategic Hire
September 25, 2023Golub Capital today announced that Karim Salazar Antoni has joined the Firm as a Director based in Miami. In his new role, he will be dedicated to serving the U.S. offshore market alongside institutional and private wealth investors in Latin America.
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Capstone Copper Expands Revolving Credit Facility to $700 Million and Extends Maturity to September 2027
September 25, 2023Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has amended its existing revolving credit facility (the “Amended Credit Facility”) to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027.
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Siena Lending Group LLC Demonstrates Canada Lending Capabilities With the Closing of a $20 Million Credit Facility for a Specialty Aerospace Manufacturer
September 25, 2023Siena Lending Group LLC ("Siena") announces the completion of a $20 million asset-based revolving line of credit for a privately held aerospace manufacturer (“AM”) headquartered in Ontario, Canada. The facility was established to repay certain existing shareholder debt and to support the company’s future working capital needs.
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Parent Companies of Cape Cod 5 and Fidelity Bank Agree to Combine Under One Holding Company
September 25, 2023Cape Cod 5, headquartered in Hyannis, MA, and Fidelity Bank, headquartered in Leominster, MA, today announced that they have reached an agreement to merge their respective mutual holding companies under one multi-bank holding company, Mutual Bancorp, subject to regulatory approval.
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InterNex Capital Announces $1.5 Million Facility to Staffing Company
September 25, 2023InterNex Capital provided a $1.5 million facility to a Pennsylvania-based staffing company that provides consultants to Fortune 500 companies. The client sought to replace their existing combination of small lenders. Additionally, Client needed a working capital partner that could provide more flexible credit limits.
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Encina Lender Finance Provides $25,000,000 Senior Credit Facility for Sparrow Financial
September 25, 2023Encina Lender Finance, LLC (ELF) announced today the closing of an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide.
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Amerisource Closes $14,000,000 Recapitalization and Working Capital Facility for Energy Firm
September 25, 2023Amerisource Business Capital announced the closing and funding of a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry.
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Sprott Private Resource Lending Fund III Completes Final Closing
September 25, 2023Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX:SII) today announced that Sprott Private Resource Lending Fund III (“Fund III”) has completed its final closing. With the close of Fund III, total assets under management of Sprott Resource Lending Corp (“SRLC”) stands at U.S.$1.5 billion within the Company’s private strategies segment.
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Carl Bretzman Joins Mitsubishi HC Capital America to Further Expand Industrial Relationships
September 25, 2023Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with more than $7.5B in owned and managed assets, announces that industry veteran Carl Bretzman has joined the company to manage and grow business development initiatives in its Industrial Finance division.
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Webster Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary
September 25, 2023Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank. She will lead all of Webster’s corporate legal services.
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WithSecure Corporation has Signed a Committed EUR 20 Million Revolving Credit Facility
September 25, 2023WithSecure Corporation has signed a new committed EUR 20 million revolving credit facility (RCF) with OP Corporate Bank.
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American Physician Partners Files for Bankruptcy Protection
September 21, 2023American Physician Partners, a medical staffing company based in Brentwood, Tenn., has filed for Chapter 11 bankruptcy protection as it winds down its business.
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Nauticus Robotics Announces Term Loan Financing of up to $20 Million
September 21, 2023Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced it has entered into a senior secured term loan agreement (the "Term Loan Agreement") with existing stakeholders, Transocean (NYSE: RIG), ATW Partners, Material Impact, and RCB Equities (collectively, the "Lenders").
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PlainsCapital Bank Welcomes Kaley Lilley to Westlake Lending Group
September 21, 2023PlainsCapital Bank recently announced that Kaley Lilley has joined its Westlake lending group as senior vice president, commercial loan officer with the Bank’s Westlake commercial banking team at 2705 Bee Caves Road.
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North Mill Announces $456 Million Term Securitization
September 21, 2023North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, announced the closing of its seventh asset-backed securitization (ABS), NMEF Funding 2023-A (“NMEF 2023-A”).
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Kyriba to Provide RBC with Cloud-Based Payables and Receivables Finance Solution as the Bank Expands Supply Chain Finance Offerings for Canadian Enterprises
September 21, 2023Kyriba’s solution will be used by the bank to expand on its ability to provide its Canadian commercial clients with integrated and enhanced working capital solutions
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Star Mountain Capital Adds Former Blackstone Director, Michael Goldstein to Portfolio Management Team
September 21, 2023Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Michael Goldstein, former executive at Blackstone and KKR, joins as a Director focused on portfolio management.
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The Brattle Group Welcomes David W. Prager as Principal and Co-Leader of its Bankruptcy & Restructuring Practice
September 21, 2023The Brattle Group has welcomed David W. Prager as a Principal and Co-Leader of its Bankruptcy & Restructuring practice. Based in Brattle's New York office, Mr. Prager brings over two decades of experience as a financial advisor, restructuring consultant, and expert witness in complex commercial litigations.
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