- Morgan Stanley Investment Management Provides $875 Million Debt Financing to Bridgepointe Technologies
- Market Sizing Study
- Aegis Business Credit Closes $1.5 Million Revolving Line of Credit for HVAC Service Company
- Asset-Based Lending & Factoring Surveys
- Hidden River Invests in NEC - 10th Investment in its Inaugural Fund
TSL Express Daily Articles & News
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CIT Provides $35 Million Credit Facility to Utopia Deals
CIT, a division of First Citizens Bank, today announced that its Asset-Based Lending business has provided a $35 million revolving credit facility to Utopia Deals.
Based in Plainview, N.Y., Utopia Deals is a leading seller of linens, towels, bedding and other products to consumers and to business customers in the hospitality, healthcare, restaurant, fitness and spa sectors, among others. The company also has a strong presence on leading online retail platforms.
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Tim Knight is the vice president and senior managing partner with ThinkingAhead, where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
This is Tim’s 25th year in executive search. Prior to joining ThinkingAhead, he was with Southwestern Advantage as a District Sales Manager recruiting and training salespeople. Including his college summers, Tim has been with Southwestern Family of Companies for 35 years. In his 24 years with ThinkingAhead, he has personally filled over 400 engagements for clients and his teams over 2300 professionals placed with client companies and is the all team leader in personal production for ThinkingAhead.
TSL Express Daily Headlines & News
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QualTek Successfully Emerges from Chapter 11 Emerges with Significantly Stronger Balance Sheet
July 17, 2023QualTek Services Inc. (the “Company” or “QualTek”), a leading infrastructure services provider, today announced that it has successfully emerged from Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas following the confirmation of its Plan of Reorganization (“Plan”) on June 30, 2023.
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ViewRay® Files Voluntary Chapter 11 Petitions
July 17, 2023ViewRay, Inc. (Nasdaq: VRAY) announced today that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief (the "Petitions") under Chapter 11 of Title 11 the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court").
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nFusion Capital Provides $20 Million to Fund Growth
July 17, 2023The Company’s parent company, a foreign-owned entity, sought a lender to capitalize their U.S. venture with debt for tax and non-tax reasons. The Company required a sufficient line of credit to fund its operating needs and large multi-year projects, which required a substantial upfront investment to pay staff and purchase materials.
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Midyear Business Leaders Outlook: Optimism is up, but still far from upbeat
July 17, 2023Only 3 in 10 leaders at midsize businesses are upbeat about the national economy. But they feel good about their own industries and companies.
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Paytient Officially Closes $7.5M in Venture Debt From Silicon Valley Bank to Help Americans Access and Afford Healthcare
July 17, 2023Paytient, the creator and leading provider of Health Payment Accounts (HPAs) today announced it has finalized a $7.5M venture debt facility with Silicon Valley Bank (SVB), a division of First Citizens Bank, which was first announced in January of this year.
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MarineMax Expands Financial Flexibility For Continued Growth
July 17, 2023MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht, and superyacht services company, today announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for the future.
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Solifi’s Director, Go-To-Market Strategy is Highly Commended Within the AFC Rising Star Award 2023
July 17, 2023Solifi™, a global fintech software partner for secured finance, announced that Ivan Bagaliyski, Director, Go-To-Market Strategy at Solifi, received the highly commended mention in the Rising Star category at the AFC Summer Awards 2023.
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H.I.G. Capital Completes Sale of Riveron
July 17, 2023H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce the sale of its portfolio company Riveron (“Riveron” or the “Company”) to affiliates of Kohlberg & Company (“Kohlberg”).
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JA Mitsui Leasing Acquires Katsumi Global, LLC
July 17, 2023JA Mitsui Leasing Ltd. (headquarter: Chuo-ku, Tokyo; Keito Shimbu, President and CEO; hereinafter referred to as “JAML”) announces, that through our subsidiary, JA Mitsui Leasing Capital Corporation (headquarter: NY, USA; Kiyoshi Doi, Director, President; hereinafter referred to as “JMCC”), we have acquired 100% interest in Katsumi Global, LLC (headquarter: Michigan, USA; Tim King, CEO; hereinafter referred to as “KG”).
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Mark Connelly Joins Rothschild & Co as Managing Director to Lead its Equity Capital Markets Offering in North America
July 17, 2023Rothschild & Co announced today that Mark Connelly has joined its Global Advisory business as a Managing Director to lead its equity capital markets offering in North America. In this newly established role, Mr. Connelly will lead and develop Rothschild & Co’s strategy for the firm’s Equity Markets Solutions (“EMS”) business in North America.
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KeyBank Provides $21 Million of Financing for Adaptive Reuse of Historic Former School To Provide Affordable Housing in Pittsburgh
July 13, 2023KeyBank Community Development Lending and Investment (CDLI) provided a $9.8 million construction loan and $11.8 million in Low-Income Housing Tax Credit (LIHTC) equity for the construction of an affordable multifamily property in Pittsburgh, Pennsylvania.
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Direct Digital Holdings Announces New $5 Million Revolving Credit Facility with East West Bank
July 13, 2023Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), is pleased to announce it has entered into a $5 million revolving credit facility (the "Credit Facility") with East West Bank.
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AeroFarms Provides Business Update on Restructuring Efforts
July 13, 2023Company To Pursue Sale of Business Under Section 363 of the Bankruptcy Code; Group of Existing Investors to Serve as Stalking Horse Bidder and $10 Million Debtor-in-Possession Financing Secured to Support Ongoing Operations and Chapter 11 Process as Focus Continues on Danville Virginia Farm and Microgreens Products
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Golub Capital BDC, Inc. Announces $110.7 Million In New Middle-Market Originations for Its Fiscal Year 2023 Third Quarter
July 13, 2023Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $110.7 million in new middle-market investment commitments during the three months ended June 30, 2023.
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U.S. Middle Market Remains Resilient
July 13, 2023Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 5% and revenue growth of 4% during the first two months of the second quarter of 2023.
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In Memoriam: John W. Podkowsky
July 13, 2023John Podkowsky of Darien, CT died on Sunday July 9, 2023 peacefully at home. He was 78 years old. John worked in the banking industry for his entire career, including 25 years as an executive for Citigroup’s Corporate Finance division. For the full obituary, please click here.
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Matrix Advises Apollo Veterinary Medical Hospitals and AVMH Ventures on the Successful Recapitalization and Acquisition of a Portfolio of Pet Supplies Plus Stores
July 13, 2023Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that it served as lead advisor on Apollo Veterinary Medical Hospitals and AVMH Ventures’ (“Apollo” or the “Company”) recapitalization and acquisition of a multi-state portfolio of Pet Supplies Plus (“PSP”) retail pet stores.
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F.N.B. Corporation Promotes Scott Mizerak to Chief Digital Officer
July 13, 2023F.N.B. Corporation (NYSE: FNB) recently announced the promotion of Scott Mizerak to Chief Digital Officer of its banking subsidiary, First National Bank, and its affiliates.
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Clifford Chance Names Devika Kornbacher as Houston Office Managing Partner
July 13, 2023Kornbacher joined the firm in 2022 as partner and Co-Head of the Clifford Chance Tech Group, a cross disciplinary team of more than 600 lawyers globally advising on Tech risk and opportunity. She is a technology and intellectual property lawyer who leverages her extensive knowledge and experience to assist clients in fields such as software, hardware, energy, sports, aviation, and retail.
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Citizens Names Mark Lehmann as California President
July 13, 2023Citizens today announced that veteran banking executive Mark Lehmann, chief executive of JMP Group, has been named as its California President to accelerate growth in a key market where the bank has recently added some of the state’s top private bankers.
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