- Perma-Pipe Announces Closing of Global Credit Facility of Up to $139 Million
- GA Group Appoints Scott Hoek as Vice President and Head of Fixtures, Furniture & Equipment
- Bain Capital Supports Growth of Playfly Sports With $250 Million Credit Facility
- Earlypay Builds Foundation for Next Generation Invoice Finance With Lendscape
- Porter Capital Closes $10 Million Facility for Family-Owned Seafood
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Rosenthal Broadens Its Financing Offerings to Span Both Recourse and Non-Recourse Factoring
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the launch of a new recourse factoring program designed to meet the unique financing needs of growing service businesses and light manufacturing or assembly businesses. An alternative to bank financing, Rosenthal’s recourse factoring offering is an excellent solution for start-ups, turnarounds and companies that are not yet profitable due to rapid growth.
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AI In Secured Finance
While lenders and financial institutions are not looking to discover the next vaccine or medical breakthrough, artificial intelligence (AI) and machine learning (ML) have been reshaping traditional business processes at a rapid speed. Many decision makers in the C-Suites, while still responsible for ensuring everyday “blocking and tackling” is done, are dealing with how best to integrate AI/ML into their companies, and at what cost. This article takes a deeper dive into how AI and ML are being utilized in the industry along with the factors leaders must consider with AI/ML integration.
TSL Express Daily Headlines & News
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Alleon Healthcare Capital Provides an $8,000,000 Accounts Receivable Financing Facility to a Virginia Based Healthcare Innovation Services Firm
November 16, 2023Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed an $8,000,000 accounts receivable financing facility with a Virginia based professional services firm providing enterprise consulting, IT modernization, and healthcare innovation services.
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In Memoriam of Sheila Smith (1952-2023)
November 15, 2023Gordon Brothers announced the passing of Sheila Smith, who passed away peacefully at her home on November 11, surrounded by family after nearly a decade-long battle with pancreatic cancer. Gordon Brothers mourns her loss and expressed their deepest condolences to her family.
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Wolters Kluwer Enhances Enablon Platform with Addition of CCH Tagetik ESG Reporting and Disclosure Capabilities
November 15, 2023November 14, 2023 –Wolters Kluwer Corporate Performance and ESG (CP & ESG) continues to deliver on its promise to integrate and extend its strong portfolio of financial and ESG solutions, this time by integrating ESG reporting and disclosure functionality from CCH Tagetik into its Enablon ESG Excellence solution.
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Star Mountain Capital adds former Carlyle Vice Chairman of Global Buyout & Operating Committee Member, Gregory Summe, as Senior Advisor
November 15, 2023Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with over $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from high yielding private loans with equity upside in the lower middle-market, announced that Gregory Summe has joined as Senior Advisor.
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Hilco Real Estate Continues Growth of its Real Estate Asset Management Division with the Strategic Appointment of Alan Shaw
November 15, 2023Hilco Real Estate, LLC (HRE), the authority on real estate optimization, repositioning, and disposition, is thrilled to welcome Alan Shaw as Executive Vice President of the organization and Co-CEO of its Real Estate Asset Management division. Mr. Shaw's appointment further signals HRE's commitment to expanding its offerings and depth of experience.
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Dwight Funding Announces Three New CPG Brands Added to its Portfolio
November 15, 2023Dwight Funding (“Dwight”) announces three new asset-based loans in its Consumer Products portfolio. These transactions showcase Dwight's ability to provide robust support for private equity backed brands of various sizes amid changing market and liquidity conditions.
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Dwight Funding Announces Three New CPG Brands Added to its Portfolio
November 15, 2023
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Dwight Funding Announces Three New CPG Brands Added to its Portfolio
November 15, 2023Dwight Funding (“Dwight”) announces three new asset-based loans in its Consumer Products portfolio. These transactions showcase Dwight's ability to provide robust support for private equity backed brands of various sizes amid changing market and liquidity conditions.
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First Citizens Bank Leads $170 Million Refinancing for California Battery Energy Storage Project Portfolio
November 15, 2023First Citizens Bank today announced that its Energy Finance business served as lead agent on a $170 million credit facility for esVolta, a leading developer, owner and operator of utility-scale battery energy storage projects in North America.
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Culain Capital Funding Closes $5MM for Texas Warehousing/Fulfillment Company
November 15, 2023More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a Texas-based warehousing/fulfillment business with several locations across the United States, which just received a $5MM accounts receivable factoring facility through Culain Capital.
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Langenderfer Joins CohnReznick as Assurance Partner
November 15, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Phil Langenderfer has joined the firm as an assurance partner focusing on the firm’s expanding Financial Sponsors & Financial Services industry practice.
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Commercial Credit Group Inc. Closes $427,538,000 Term ABS (CCGR Trust 2023-2)
November 15, 2023Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, today announced that it has finalized a $427,538,000 term asset-backed security (ABS) transaction. The securitization was placed with a diversified group of fixed income investors from 32 unique institutions. Wells Fargo Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement.
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Sallyport Commercial Finance Provides Baked Goods Manufacturer with $1,500,000 in Financing
November 15, 2023Sallyport Commercial Finance provides a $1,500,000 factoring facility will enable this Canadian baked goods manufacturer to get their products into more major chains across the U.S. and Canada.
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Cyprium Announces SBIC License and Initial Fund Closing
November 15, 2023Cyprium Partners (Cyprium) announced that the U.S. Small Business Administration (SBA) approved the firm's application for a Small Business Investment Corporation (SBIC) license.
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Whitehorse Liquidity Partners Expands Capital Management Team with Two Senior Hires
November 15, 2023Whitehorse Liquidity Partners (together with its advisory affiliates, “Whitehorse”), a specialized investment manager focused on providing customized portfolio financing through structured liquidity solutions for private equity portfolios, today announced it is expanding its distribution capabilities with two new hires in its Capital Management team.
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Boathouse Capital Completes Growth Investment in Ontraport
November 15, 2023Boathouse Capital is pleased to announce that it has completed a growth investment in Ontraport (“Ontraport” or the “Company”), a leading CRM and marketing automation software provider for small and medium businesses.
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Exchange Bank Announces Kelly Back, Vice President, Commercial Relationship Manager
November 15, 2023Exchange Bank (OTC: EXSR) announces the promotion of Kelly Back to vice president, commercial relationship manager, moving from his previous role as Sebastopol branch manager. In his new role, Kelly will focus on establishing and deepening relationships with commercial lending and commercial real estate customers as well as aligning retail branch and commercial banking activities.
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Winston Advises Grupo Energía Bogotá (GEB) in the First Issuance of Sustainability Bonds in Colombia
November 14, 2023Winston & Strawn LLP acted as U.S. counsel to Grupo Energía Bogotá S.A. E.S.P. (GEB) in connection with GEB’s inaugural sustainability bond offering of US$400M. GEB became the first company in Colombia to issue sustainability bonds in the international capital markets.
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Matthew Tollenaer Named Atlanta Market Leader at First Citizens Middle Market Banking
November 14, 2023First Citizens Bank today announced that its Middle Market Banking business has named Matthew Tollenaer as a managing director and market leader dedicated to originating and cultivating business in Atlanta and the surrounding region.
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Great Rock Capital Closes $40mm Term Loan Facility With Fisher Dynamics
November 14, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, today announced the closing of a $40 million senior secured term loan facility with Fisher Dynamics (“Fisher”). Fisher is a vertically integrated supplier of engineered seating structures and safety mechanisms to major OEMs and Tier 1 automotive suppliers worldwide.
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