- Alleon Healthcare Capital Provides a $3,000,000 Accounts Receivable Credit Facility to a Multi-State Specialty Diagnostics Laboratory Company
- Gridiron Welcomes Two Vice Presidents Across Investment and Digital Growth Teams
- After 43 Years, Frugal Fannie’s Iconic Westwood Store is Closing; Company Retains SB360 Capital Partners to Run Going-Out-of-Business Sale
- SFNet Market Pulse
- Peapack Private Appoints Kevin Bertscha as Senior Vice President, Chief Audit Executive
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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CIBC Innovation Banking Announces Leadership Changes
CIBC Innovation Banking today announced that Mark Usher has been appointed Senior Vice-President, Innovation Banking; President and Executive Managing Director, CIBC Innovation Banking, effective February 28, 2023, taking on the role currently held by Mark McQueen who is departing to start the next chapter in his career.
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Restaurant Rebound Tests the Limits of U.S. Food Distributors
Foodservice distributors generally adapted well to the massive disruptions triggered by the pandemic, but the sector is feeling the strain of the latest shift—the rapid return of tens of millions of Americans to in-person dining.
TSL Express Daily Headlines & News
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Valley Bank Closes $130 Million Asset-Based Revolving Credit for Access Capital
November 16, 2023Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announces the closing of a $130 million senior revolving credit facility to Access Capital, Inc. a commercial lender to the staffing industry. The three year facility includes a $30 million accordion feature to upsize as the Company grows.
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Spielman Koenigsberg & Parker Combines with EisnerAmper
November 16, 2023Global business advisory firm EisnerAmper announces that the partners and colleagues of NYC-based accounting, tax, and consulting firm Spielman Koenigsberg & Parker ("SKP") are joining EisnerAmper in a transaction expected to close in early 2024.
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Wintrust Receivables Finance Announces the Closing of a New $7.5 Million Line of Credit for a Fast-Growing Drayage Broker
November 16, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $7.5 million account receivable line of credit for a Midwest-based transportation broker that specializes in drayage.
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Gibraltar Provides $27.5MM Credit Facility to Home Organizational Products Supplier
November 16, 2023Gibraltar Business Capital (“Gibraltar”) is proud to announce the closing of a $27.5MM senior secured revolving credit facility with Whitmor, Inc. (“Whitmor”), a successful fourth-generation family-owned-and-operated business founded in 1946.
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An Affiliate of Centre Lane Partners Acquires the Appliances division of Instant Brands, Maker of Kitchen Appliances Consumer Favorites Including Instant Pot®
November 16, 2023Centre Lane Partners, LLC ("Centre Lane") is pleased to announce that on November 8, 2023 an entity affiliated with Centre Lane has completed the acquisition of the Appliances Division of Instant Brands ("Instant Brands Appliances" or the "Company"), which had filed for Chapter 11 bankruptcy protection on June 12, 2023.
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FPG Appoints Garold Miller as Chief Innovation Officer
November 16, 2023Financial Partners Group (FPG), an independent equipment finance company, today announced the addition of Garold Miller as Chief Innovation Officer. Miller is a serial entrepreneur with an extensive background in innovation, design and manufacturing. He holds several hundred patents and trademarks, exemplifying his commitment to innovation and creativity.
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PureSky Energy Secures $150 Million Revolving Credit Facility
November 16, 2023PureSky Energy, a leading developer, owner, and operator of US community solar and battery storage projects, announces the successful close of a 3-year $150 million revolving credit facility led by Nomura Securities International, Inc. (“Nomura”) as the Sole Lead Arranger.
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Castleton Commodities International LLC Closes Credit Facilities Totaling $2.075 Billion
November 16, 2023MUFG Bank Ltd.; Société Générale; Citibank N.A.; Coöperatieve Rabobank U.A., New York branch; Credit Agricole Corporate and Investment Bank; ING Capital LLC; Natixis, New York branch; and Wells Fargo Bank N.A served as joint lead arrangers for the secured facility. In addition, eight other banks participated at various commitment levels. MUFG Bank Ltd. served as global coordinator and administrative agent for both facilities.
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Nabors Announces Offering of $550 Million Senior Priority Guaranteed Notes
November 16, 2023Nabors Industries Ltd. (NYSE: NBR) ("Nabors") announced today that Nabors Industries, Inc. ("NII"), its indirect wholly-owned subsidiary, has commenced an offering of $550 million senior priority guaranteed notes due 2030 (the "Notes").
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US Capital Global Drives Growth in Healthcare and Technology Financing with Appointment of Industry Veteran Colleen Gray
November 16, 2023US Capital Global is pleased to announce that Colleen Gray has joined the group as Senior Vice President at the group’s headquarters in San Francisco, CA. Ms. Gray has over 25 years of operations and financial management experience with emerging, high-growth companies in the healthcare and technology industries.
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Herrick Nabs Restructuring Veteran Robert D. Gordon
November 16, 2023Herrick, Feinstein LLP today announced that Robert D. Gordon, a seasoned restructuring lawyer, has joined the firm’s thriving Restructuring & Finance Litigation Department. He comes to Herrick from Jenner & Block.
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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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