- News Detail
- Origis Energy Closes $290 Million Financing for Swift Air Solar II and III Projects with Natixis CIB and Santander
- Armory Securities, LLC Announces the Successful Closing of a Credit Facility for Copper Cane Wines & Provisions
- Justin Rutledge Joins First Horizon Bank as Charlotte Market President
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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The events of 2020 have given commercial lenders the enormous opportunity of being the catalyst for helping to create greater economic stability. With the release of urgent stimulus programs, lenders must be nimble enough to make financing available to businesses that need it to keep their heads above water while they handle the COVID-19 effect on our economy. But at the same time, it is crucial for lenders to carefully mitigate risks and maintain strong lending practices to protect their organization so that they can continue to lend in a more uncertain world.
For astute lenders, it is possible to take steps to protect their business now and be poised for a bright future. To do this, what should lenders focus on to help them exceed expectations and achieve growth in a difficult time?
TSL Express Daily Headlines & News
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B. Riley Leads Financing to Support Harrow Health Acquisition
March 30, 2023B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley”), a diversified financial services platform, today announced that certain of its affiliates led the financing to support Harrow Health, Inc.’s (“Harrow”) (Nasdaq: HROW) recent acquisition of the exclusive commercial rights to five FDA approved ophthalmic products. B. Riley provided $59.75 million in debt financing to Harrow in January 2023 upon consummation of the acquisition, and as part of a fully backstopped $125 million commitment.
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CFPB Releases Final 1071 Regulations: Factoring and Certain Asset-Based Lenders Carved Out
March 30, 2023The Consumer Financial Protection Bureau today released its final regulations on Section 1071 of Dodd-Frank, which dictate data lenders must collect about small business loan recipients’ race, ethnicity, gender, and other information. Over the last few years, SFNet has worked to minimize or eliminate the impact on our members. In response to our efforts, in addition to factors being carved out, ABLs that originate less than 100 covered transactions per year are also carved out. Note that the rules apply only to deals involving borrowers with revenue under $5 million. Implementation begins for the largest institutions in October 2024 and phases in over the following two years. SFNet will publish an analysis of the rules next week.
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Regal Parent Cineworld Expects Bids For Theaters Outside U.S./UK, Says Plan To Exit Chapter 11 Nearly Ready
March 29, 2023An attorney for bankrupt movie theater chain Cineworld said today it has “several” interested parties eyeing its business in “rest of world” — meaning Israel and Europe outside the UK — but nothing pending for the entire company, or, it seems for Regal in the U.S.
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Axiom Advice & Counsel Names Three Partners
March 29, 2023Today, Axiom Advice & Counsel (AA&C), a modern full-service Arizona law firm, announced that it has named three additional partners to its growing roster of seasoned commercial legal leaders. Zoila 'Zoe' Mena Harpin, Andrea Liburdi, and Rachel Tenin bring decades of commercial legal experience to AA&C, an independent Axiom subsidiary operating under an alternative business structure license.
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Allison+Partners Adds Lars Rosene to the Corporate Practice as Managing Director, Allison Advisory+Industrials Group
March 29, 2023Allison+Partners has hired Lars Rosene as managing director of Allison Advisory+Industrials Group. Rosene is based in Allison+Partners’ Dallas office as part of the agency’s corporate practice and reports to Global President + Chief Client Experience Officer Matthew Della Croce.
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Local Bounti Secures up to $145 Million of Additional Financing to Support Growth
March 29, 2023Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it secured a total of up to $145 million of new financing across two sources – the first through an amendment to its credit facility.
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Accord Financial Provides $12MM Credit Line Helps Travel Company Soar to New Heights
March 29, 2023When a travel company’s business picked up dramatically post-Covid, Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) moved quickly to provide the company with the liquidity they needed to manage their fast-growing business.
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Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo Join Versana's Transformative Digital Data Platform
March 29, 2023Versana today announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market.
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Houlihan Lokey Expands Its Business Services Financial Due Diligence Practice With Experienced Hire
March 29, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Gareth Gibson will join the firm’s Transaction Advisory Services (TAS) team as a Managing Director to lead the business services industry segment within the Financial Due Diligence (FDD) practice. Mr. Gibson will be based in Houston and will join on April 3.
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Wingspire Capital Agents $125 Million Credit Facility for Cosmetics Company
March 29, 2023Wingspire Capital LLC (“Wingspire”) has agented a $125 million senior secured credit facility to an internationally recognized cosmetics company for the expansion of their complement of current brands, future product development, and potential acquisitions.
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Alan Holliday Rejoins McGuireWoods’ Global Finance Practice in London
March 29, 2023McGuireWoods is bolstering its global banking and finance capabilities with the arrival of London partner Alan Holliday, who returns to the firm’s highly ranked debt finance practice after serving in a senior legal role at a leading UK financial institution.
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Culain Capital Funding Closes $750,000 for Specialty Maintenance and Welding Company
March 29, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized businesses in the United States announces the completion of a $750,000 Accounts Receivable Factoring Facility with a privately-owned Specialty Maintenance and Welding Services Company.
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Global Law Firm Norton Rose Fulbright Strengthens Bay Area Presence with Corporate and M&A Partner Yan Zhang
March 29, 2023Global law firm Norton Rose Fulbright announced today that corporate, M&A and securities partner Yan Zhang, who has extensive cross-border transactions experience, has joined its San Francisco office. Coming from Baker Botts, Zhang represents public and private companies in corporate and securities matters along with the financial institutions that invest in or provide services to them.
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TradeCap Partners Provides $1,500,000 Purchase Order Facility to Beauty Products Importer
March 29, 2023TradeCap Partners closed a $1,500,000 purchase order finance facility to a growing, West coast-based beauty products company. The facility will support fulfillment of large retail orders for multiple SKUs.
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Big Shoulders Capital Provides $1MM Term Loan for Plastic Injection Molder
March 29, 2023In early March, Big Shoulders Capital provided a $1MM term loan for a plastic injection molder with an automotive customer concentration. The loan was secured by machinery, equipment, and real estate.
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CIBC Innovation Banking Provides $40M in Growth Capital Financing to Viz.ai
March 28, 2023CIBC Innovation Banking announced today that it has provided $40 million in growth capital financing to Viz.ai to expand the San Francisco-based company’s AI-powered care coordination platform and fuel its expansion, including potential acquisitions.
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CenterPoint Energy Subsidiary Closes $250 Million Credit Facility
March 28, 2023CenterPoint Energy, Inc. (NYSE:CNP) announced today that its natural gas distribution, pipelines and gathering operations subsidiary, CenterPoint Energy Resources Corp. (CERC), recently closed on a $250 million credit facility. This new, three-year credit facility, which closed on March 23, has a fully drawn cost of LIBOR plus 150 basis points at existing credit ratings.
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Sidley Represents Affiliates of Apollo as Lead Left Arranger in US$1.25 Billion TLB Financing for R.R. Donnelley
March 28, 2023Sidley represented Apollo affiliated entities (“Apollo”) in respect of a US$1.25 billion financing to R.R. Donnelley & Sons Company. Apollo served as lead left arranger and administrative agent in the syndicated senior secured Term Loan B transaction.
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US Capital Global Increases Bridge Finance Solutions for Middle Market Businesses
March 28, 2023US Capital Global announced today that it has further expanded its range of custom bridge finance solutions for middle market businesses. Headquartered in San Francisco with primary offices in Dallas, Philadelphia, Miami, London, Milan, Zurich, and Dubai, US Capital Global is a full-service global private financial group with an established track record in corporate finance, asset management, and capital formation services.
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Alimera Improves Capital Structure, Strengthens Balance Sheet and Extends Term Loan Facility
March 28, 2023The term loan amendment provides for an additional tranche of $2.5 million funded at closing to pay final interest and prepayment fees associated with the existing facility, increasing the total term loan to $47.5 million at closing. The amendment extends the maturity date to April 30, 2028, with monthly interest-only continuing to May 1, 2025, when principal amortization begins.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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