- Saks Global Targets Summer Exit From Chapter 11 After Securing New Financing
- Gibraltar Business Capital Structures $35MM Funding for Acquisition of American Furniture Manufacturing by SouthWorth Capital Management
- Toro Corp. Announces $60.0 Million Revolving Credit Facility
- GA Group Acquires G2 Capital Advisors
- Flatbay Capital Structures $2MM Owner-Occupied CRE Bridge Loan for Houston-Area Construction Contractor
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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ePlus Expands Credit Facility
ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent.
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Interview with Mac Fowle, Global Head of Asset-Based Lending for J.P. Morgan Commercial Banking
Mac Fowle is the global head of Asset-Based Lending (ABL) for J.P. Morgan Commercial Banking. He is responsible for the end-to-end strategic leadership of the ABL group in supporting the financing needs for clients across Commercial Banking and the Corporate & Investment Bank (CIB).
TSL Express Daily Headlines & News
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SVP Managing Director of Oxford Commercial Finance Robyn Barrett Named Board President of American Factoring Association (AFA)
May 31, 2023Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, is announcing its Senior Vice President and Managing Director, Robyn Barrett, has been named incoming president of the American Factoring Association (AFA) for a two-year term.
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Areté Capital Partners Expands Unique Restructuring Approach to Midwest Companies in Distress
May 31, 2023Areté Capital Partners, a boutique, special-situation advisory and capital firm, is pleased to announce the addition of Managing Director Stuart Kaufman. Based out of Chicago, Illinois, Kaufman will enable Areté to expand its services and mission of bringing empathy to the restructuring industry to help successfully navigate more customers through the often painful and difficult process.
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Standard Lithium Retains BNP Paribas to Lead Debt Advisory Services for First Commercial Project
May 30, 2023The debt financing will be used to fund the majority of the Company’s proposed first commercial project, the Lanxess 1A Project, located near El Dorado in southern Arkansas. BNP Paribas is a global leader in the financial advisory and project financing role for battery and critical mineral projects.
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Wildpack Closes US$25 Million Convertible Loan with Sandton Capital Partners and Provides MCTO Update
May 30, 2023Wildpack Beverage Inc. today announces the closing of its previously announced non-revolving term credit facility in the principal amount of USD$25,000,000 pursuant to an amended and restated loan agreement among Sandton Credit Solutions Master Fund V, LP, an affiliate of Sandton Capital Partners, L.P. and the Company's wholly-owned subsidiaries, Thirsty Cat, LLC, Hungry Hippo Company, Wildpack Holdings U.S. Inc., K.T. Murray Corporation, CraftPac LLC, Wild Leaf Holdings U.S. LLC, Vertical Distilling LLC and Wild Leaf Ventures Group Nevada Inc., as borrowers.
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Peoples Bancorp Inc. Elects New Director
May 30, 2023Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that W. Glenn Hogan has been elected to the Peoples Board of Directors. He also joined the Board of Directors of Peoples' banking subsidiary, Peoples Bank. Mr. Hogan, 61, formerly served as Chairman of the Board of Directors of Limestone Bancorp, Inc. ("Limestone") until Limestone was acquired by Peoples on April 30, 2023. He was a member of the Board of Directors of Limestone since 2006.
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Lazard Appoints Peter R. Orszag as CEO and Kenneth M. Jacobs as Executive Chairman
May 30, 2023Lazard Ltd (NYSE: LAZ) today announced that Peter R. Orszag, currently CEO of Financial Advisory at Lazard, has been unanimously elected by its Board to serve as CEO of Lazard and as a Board Director. Kenneth M. Jacobs, Chairman and CEO of Lazard, will serve as Executive Chairman of the Board and will continue to advise clients on strategic financial matters. These changes will take effect October 1, 2023.
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Sierra Metals Announces Completion of Refinancing Agreement With Major Lenders
May 30, 2023Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announces that, in connection with the press release dated March 13th 2023, it has finalized the definitive agreement (the “Agreement”) with Banco de Credito del Peru and Banco Santander S.A. (together, the “Lenders”) to refinance $18.75 million out of the $25.00 million principal debt repayment obligations that were originally due in 2023 under the Company’s senior secured credit facility.
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Entrepreneur Growth Capital LLC Provides $1,000,000 Line of Credit to West Coast Distributor
May 30, 2023Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $1 million asset-based facility for a wholesale distributor of horticultural products. The facility provides availability against both accounts receivable and inventory.
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TTM Announces Closing of New Term Loan Facility and New U.S. ABL Facility
May 30, 2023The New Term Loan Facility was entered into with J.P. Morgan acting as administrative agent and joint lead arranger. Other joint lead arrangers for the New Term Loan Facility were BofA Securities, Inc., Barclays Bank PLC, Truist Securities, Inc. and HSBC Securities (USA) Inc. The New U.S. ABL Facility was entered into with J.P. Morgan acting as administrative agent.
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Iron Horse Credit Provides a $1 Million Inventory Line of Credit to a Georgia-based Marble and Granite Slab Distributor
May 30, 2023Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $1,000,000 stand-alone inventory revolving line of credit to a Georgia based Marble and Granite Slab Distributor.
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RecNation Announces the Largest Dedicated Debt Facility for RV & Boat Storage in the Country
May 30, 2023The facility which was led by Truist Securities was expanded and upsized to include seven additional banks including: Goldman Sachs, Morgan Stanley, RBC Bank, Raymond James, Key Bank, TBK Bank as well as Citizens Bank.
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WesBanco Bank Appoints David Klick as Upper Ohio Valley Market President
May 30, 2023WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has promoted David Klick to the role of Upper Ohio Valley (UOV) Market President and Senior Commercial Banker.
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FuelCell Energy Secures $87MM in Project Financing
May 30, 2023The multi-bank term facility includes Investec Bank plc as Coordinating Lead Arranger and Sole Bookrunner, Bank of Montreal as Mandated Lead Arranger, together with Liberty Bank as Depositary Agent and Lender along with Connecticut Green Bank and Amalgamated Bank as lenders.
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Sabre Corporation Announces Commitment of a $665 Million Private Financing and Cash Tender Offers by Sabre GLBL Inc. for Existing Secured Debt
May 30, 2023Sabre GLBL Inc. ("Sabre GLBL"), a wholly-owned subsidiary of Sabre, has entered into a commitment letter with lenders (together, the "Lenders") led by affiliates of Centerbridge Partners, L.P. for a $665 million new senior secured credit facility (the "New Facility") to Sabre Financial Borrower, LLC (the "Borrower"), a newly created wholly-owned subsidiary of Sabre GLBL.
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River City Bank Adds Former Umpqua Regional Director Rebecca Fabisch Miller as EVP, Commercial Banking Director
May 30, 2023River City Bank has announced Rebecca Fabisch Miller as Executive Vice President, Commercial Banking Director. In this role, Fabisch Miller will focus on providing services to the Bank’s middle-market commercial clients. She will lead the Bank’s commercial banking team in expanding and enhancing RCB’s commercial deposit and lending presence throughout California.
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SFNet Successful In Getting Carve Out for ABL and Factoring in Connecticut
May 30, 2023The Connecticut senate adopted an amended financial disclosure bill, which applies now only to sales-based financing, and the bill will now be referred to the Appropriations Committee.
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Apollo Announces Executive Leadership Hires for Cadma Capital Partners
May 30, 2023Apollo (NYSE: APO) today announced that the recently established Cadma Capital Partners (“Cadma”) has named Jon Beizer and Josh Brody as its CEO and President, respectively. Cadma is a credit financing platform for the venture ecosystem, providing asset-backed financing to venture- and growth-lenders, high-growth companies and financial sponsors, and is backed by Apollo-affiliated entities.
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Horizon Technology Finance Provides $30 Million Venture Loan Facility to SafelyYou
May 30, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a $30 million venture loan facility to SafelyYou, Inc. ("SafelyYou"), of which $10 million has been initially funded.
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Turnspire Capital Partners Announces Team Additions
May 25, 2023Turnspire Capital Partners, LLC (“Turnspire”), a New York-based private equity firm focused on complex situations in the middle market, announced several recent additions to its team. These exceptional individuals bring a tremendous amount of expertise to Turnspire’s Investment and Finance teams
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Fifth Third Bank Names Stephanie Green as South Florida President
May 25, 2023Fifth Third Bank, National Association, has announced Stephanie Green as South Florida region president. As region president, Green is responsible for the growth and strategic direction of the Bank’s commercial, wealth and asset management, business banking and treasury management businesses.
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