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A new year brings with it many unknowns, and this year is no exception. It remains to be seen how the pandemic will impact the industry in the year ahead, and companies are still evolving strategies and plans to address the increased uncertainty.
Norman Knight, Deputy Director of Flight Operations at NASA, is no stranger to the unknown. He specializes in human space flight, and he has seen everything in orbit. He spoke at SFNet's first-ever online Annual Convention in November 2020 to share what he has learned from his decades at NASA.
Knight shared advice about building a culture of technical truth, openly discussing mistakes to improve systems, and planning for the unimaginable. Here are a few flight rules he suggested for companies looking to manage risk and uncertainty in the year ahead.
TSL Express Daily Headlines & News
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BizCap® Raises $30,000 for Team IMPACT
April 24, 2023BizCap®, a national commercial finance and advisory firm, is proud to announce that it has raised over $30,000 for Team IMPACT, a national non-profit that matches children facing serious illness and disability with college sports teams, creating a long-term, life-changing experience for everyone involved.
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CrossFirst Bankshares, Inc. to Expand Arizona Franchise with Acquisition of Canyon Bancorporation, Inc. and Canyon Community Bank, N.A.
April 24, 2023CrossFirst was advised in this transaction by Raymond James & Associates, Inc. as financial advisor and Stinson LLP as legal counsel. Canyon was advised by Keefe, Bruyette & Woods, A Stifel Company as financial advisor and Hunton Andrews Kurth LLP as legal counsel.
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Lyle Schwartz to Join Evercore as Senior Managing Director and Head of Expanded Equity Capital Markets Business in EMEA
April 24, 2023Evercore (NYSE: EVR) announced today that Lyle Schwartz will be joining Evercore in late April as a senior managing director and head of the firm’s expanded Equity Capital Markets business in EMEA. Based in London, he will work closely with Jim Renwick, who will become chairman of Equity Capital Markets in EMEA, and senior leaders in both Europe and the U.S. to expand the firm’s Equity Private Placements capabilities in EMEA alongside its existing public equity advisory business.
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JP Morgan Growth Equity Partners to Invest in Growth Stage Real Estate Companies
April 24, 2023J.P. Morgan Growth Equity Partners (GEP) has closed its inaugural Growth Equity Fund, with over $1bn in aggregate capital commitments to invest in growth stage companies across software, FinTech, real estate and consumer technology. J.P. Morgan Growth Equity Partners is the technology focused late-stage venture and growth equity investment arm within J.P Morgan Private Capital.
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National Partners in Healthcare Secures $125 Million Credit Facility Agented by Texas Capital Bank to Finance Growth
April 24, 2023Texas Capital Bank agented and arranged a $125,000,000 senior secured debt facility to support the acquisition, refinance existing debt and provide growth capital to NPH.
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SHC-Backed RM Acquires Capstone Medical
April 24, 2023Reliable Medical, a partner company of Seven Hills Capital, has acquired Capstone Medical Partners, a rehab and medical equipment provider based in Lakewood, Wash. Capstone Medical is focused on providing complex rehabilitation technology (CRT) and durable medical equipment (DME) to long-term care facilities. Twin Brook served as administrative agent on debt financing.
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United Gaming Increases its Senior Secured Credit Facility to $820 Million; Closes on the Acquisition of Georgia's Third Largest COAM Operator; And Strengthens C-Suite
April 24, 2023United Gaming L.L.C. ("UG" or the "Company") announces the recent completion of an increase in its existing credit facilities to $820 million together with the acquisition of substantially all the assets of LUCKY FORTUNE, LLC and STAR COIN, INC. which prior to their acquisition were the third largest COAM operators in Georgia.
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BMO Launches $30M Climate-related Financing Program for Agriculture Businesses
April 24, 2023BMO Canadian Business Banking has launched a $30 million program to help small- and medium-sized agriculture businesses build climate-resilient operations. Greener Future Financing is the bank’s first climate financing program. It aims to provide farmers and business owners with capital to make the investments needed to reduce carbon emissions and adapt to the effects of climate change.
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PacWest Bancorp Explores Sale of Its Lender Finance Division
April 24, 2023The Beverly Hills, California-based bank is working with a financial adviser to solicit interest in the business, said the people, who asked to not be identified because the matter isn’t public. An agreement could be reached within two months, one of the people said.
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Goldfinch Closes its First Callable Loan for Fazz, a Singapore-based Fintech
April 24, 2023Goldfinch, an on-chain lending protocol, has successfully raised a USDC 1.35 million loan to Fazz, a Singapore-based Series C Fintech backed by Tiger Global. This deal marks the first time that Goldfinch has offered a callable loan.
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Habi, the Largest Proptech Company in Spanish Speaking Latin America, Announces US$100 Million Credit Facility from Victory Park Capital
April 24, 2023Habi, the leading residential technology company in Spanish-speaking Latin America, today announced that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.
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MidCap Financial Investment Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
April 24, 2023JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Bank, LTD. are Joint Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan Chase Bank, N.A is the Administrative Agent on the Facility.
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Postlethwaite & Netterville Combines with EisnerAmper
April 24, 2023Global business advisory firm EisnerAmper announced that the directors and colleagues of Louisiana-based accounting, assurance, tax, consulting and technology firm Postlethwaite & Netterville ("P&N") will be joining EisnerAmper in a transaction anticipated to close by the summer of 2023.
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Nicole Nugent Joins Armory Group as Managing Director
April 24, 2023Armory Group, LLC, a leading financial advisory firm serving the middle market, is pleased to welcome Nicole Nugent as a Managing Director. Based in Los Angeles, Nicole brings more than 20 years of experience advising middle-market companies on a wide range of transactions, including mergers and acquisitions, private and public equity and debt offerings, restructurings, and valuations, with a focus on the Consumer and Retail industries.
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iMedia Brands Selects Lincoln Financial as Advisor for Its ABL Facility
April 24, 2023iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced it has selected Lincoln International (“Lincoln”) as its investment banker and Advisor to manage and complete a refinancing of the Company’s current Asset-Based Lending (“ABL”) revolving credit facility.
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Hilco Global Announces Donation to New Summer Day Camp for Kids With Cancer Called Sunrise Day Camp-Chicago Opening in June 2023
April 24, 2023Northbrook based Hilco Global announced today that it made a $50,000 donation to SUNRISE DAY CAMP-CHICAGO (jccchicago.org/sunrise), a new day camp for kids with cancer which will open this June in Lake Zurich, Illinois. Sunrise Day Camp-Chicago will provide a full-summer day camp experience specifically designed for children with a cancer diagnosis and their siblings, ages 3 1/2-16, and is being offered completely free of charge.
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A&G Sets April 28 Auction Date for Nine Additional Party City Store Leases
April 24, 2023A&G Real Estate Partners, real estate advisor to Party City Holdco Inc. in its expedited financial restructuring, today announced plans to offer nine additional Party City leases in a Friday, April 28 auction, for which bid procedures were recently approved by the U.S. Bankruptcy Court for the Southern District of Texas. The bid deadline is Monday, April 24.
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Hilco Corporate Finance Expands Its Special Situation and Restructuring Investment Banking Services with the Addition of Senior Managing Director, Richard S. Klein
April 20, 2023Hilco Corporate Finance (HCF), Hilco Global’s investment banking advisory firm, has named Richard S. Klein a Senior Managing Director in its New York Office. Mr. Klein will further expand the range and experience of HCF’s Special Situation and Restructuring Investment Banking services.
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Rivian Extends Credit Facility
April 20, 2023Rivian Automotive Inc. (Nasdaq: RIVN) said today that the Irvine EV maker’s subsidiary amended the credit agreement it secured two years ago. The amended agreement doubles the company’s revolving commitments to $1.5 billion, increases the credit sublimit from $500 million to $1 billion and extends its maturity date by three years to 2028, officials said.
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International Money Express Increases Revolving Credit Facility to $220 Million
April 20, 2023International Money Express, Inc. (NASDAQ: IMXI), ("Intermex" or the "Company"), a leading money remittance services company, today announced the Company has amended its revolving credit facility under its syndicated credit agreement with KeyBank National Association as administrative agent to increase the maximum borrowing amount to $220 million, up from $150 million.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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