- Aperture Investors Expands Litigation Finance Platform
- Superior Group of Companies Amends and Extends $200 Million Senior Secured Credit Facilities
- Amerisource Business Capital Provides $4 Million Working Capital Facility to Office Chair Manufacturer/ Independent Sponsor
- BRG Expands Securities and Financial Markets Capabilities with Addition of Dr. Andria van der Merwe
- Milestone Bank Announces First Closings Under ABL Division
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, together with Snowden Lane’s private equity partner, Estancia Capital Partners (“Estancia”), today announced that Snowden Lane secured a new $100 million credit facility.
The new facility replaces a facility originally secured with ORIX Corporation in 2018 and subsequently expanded in early 2022. The $100 million of available credit will enable Snowden Lane to significantly bolster its recruiting momentum and position itself for sustained growth through 2023 and beyond.
TSL Express Trending Story
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It is not everyday that you are given an opportunity to live out the career you would have in an alternate universe, but that is exactly what happened to me, thanks to the SFNet Guest Lecture Program and SFNet MidWest Chapter President Jennifer Kempton, who kindly asked me to be the Guest Lecturer.
Last month, Sarah Fyffe, vice president, Asset Based Lending, BMO Harris Bank, and I were able to virtually present ABL 101 to Professor Gregory Udell’s Entrepreneurial Finance Class at Indiana University on April 5. It was without a doubt one of the coolest things I have ever done in my career and I am so grateful to have been involved. Education and mentorship are my favorite part of the job and, to do so in a university setting, was an incredible experience. For Sarah, it was a chance to lecture to a classroom where she once sat as a student in Professor Udell’s class. Talk about coming full circle!
TSL Express Daily Headlines & News
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Morgan Lewis Expands Finance Team in New York with Partner Penelope Christophorou
October 2, 2023Penelope Christophorou, a finance lawyer with more than 25 years’ experience, joins Morgan Lewis as a partner in New York. Arriving from Cleary, Gottlieb, Steen & Hamilton, Penelope will advise on commercial finance transactions, particularly those related to bankruptcy.
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nFusion Capital Provides $2 Million Factoring Line of Credit for Sullivan Commercial Painting, Inc.
October 2, 2023Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond to client needs.
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Moritt Hock & Hamroff Recognized As One Of Long Island Business News' Inaugural 2023 Empowering Women Honorees
October 2, 2023The law firm of Moritt Hock & Hamroff has been recognized as one of Long Island Business News' Inaugural 2023 Empowering Women Honorees for its commitment to the growth and advancement of women, cultivation of diverse and inclusive communities and fostering of social responsibility.
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Rosenthal Closes Three Asset Based Lending Transactions
October 2, 2023Rosenthal & 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 completion of three asset-based lending transactions across multiple industries.
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Rosenthal Closes Three Asset Based Lending Transactions
October 2, 2023Rosenthal & 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 completion of three asset-based lending transactions across multiple industries.
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Rosenthal Closes Three Asset Based Lending Transactions
October 2, 2023Rosenthal & 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 completion of three asset-based lending transactions across multiple industries.
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Oregon-based Metal Injection Molding Company Partners with Republic Business Credit
October 2, 2023When an Oregon-based private equity-owned metal injection molding company sought a new partner to replace their bank line of credit, they chose Republic Business Credit. Republic extended a $3.5 million asset-based loan revolver with an additional $500k equipment term loan.
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First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
October 2, 2023First Citizens Bank today announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens' CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger.
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CVC Credit Supports Add-on Acquisitions by Trilon Group
October 2, 2023CVC Credit is pleased to announce that it recently provided financing solutions to support the add-on acquisitions of three businesses by Trilon Group, backed by Alpine Investors.
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CIBC Innovation Banking Provides Funding to Nanoprecise Science Corp.
October 2, 2023CIBC Innovation Banking announced today that it has provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes.
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U.S. Bank CFO Insights Report: Finance Leaders Shift to Defense Mode
October 2, 2023U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report.
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Encina Lender Finance Provides $50MM Credit Facility for Bright Money
October 2, 2023Encina Lender Finance, LLC (ELF) announced today the closing of a $50MM senior secured credit facility for Bright Money, a fintech platform that helps consumers manage their debt.
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MidFirst Business Credit Announces New Lending Relationship with Control Solutions LLC
October 2, 2023MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Control Solutions LLC (Control). Headquartered in Aurora, Illinois, Control manufactures a complete line of electronic commercial drive controllers and battery charging systems.
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Republic Capital Access Announces Personnel Changes
October 2, 2023After much thought and consideration, Isaac Ellsworth has decided to explore opportunities in sectors other than finance. “Over the last two years, we have thoroughly enjoyed Isaac’s enthusiasm and upbeat personality,” said Republic SVP Matt Stavish. “While we will miss him, we certainly understand, and are supportive of, his decision. We wish him the best as he transitions to the next chapter of his professional life.”
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Bank of America Names Tyrone Noel Hampton Roads President
October 2, 2023Today, Bank of America is announcing that Tyrone Noel has been named president of Bank of America Hampton Roads. As president, Noel will be head of the market and responsible for connecting clients, teammates and communities to the full power of the franchise, driving integration across the bank’s eight lines of business. He will oversee the bank’s efforts to grow market share by fostering local connections and identifying opportunities to grow and deepen client relationships.
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Morrison Foerster Guides CalPlant to Emergence from Chapter 11
October 2, 2023Morrison Forester is pleased to announce that it has successfully guided CalPlant to emergence from its chapter 11 bankruptcy proceedings. Prior to its bankruptcy case, CalPlant constructed the world’s first plant intended to convert rice straw (a waste product of rice production) into high-quality, environmentally friendly, and competitively priced medium-density fiberboard (MDF).
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Byline Sponsor Finance Supports The Brydon Group’s Investment in Peak Performance
October 2, 2023Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support The Brydon Group’s investment in Peak Performance. BSF was represented by Duane Morris, LLP.
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Star Mountain Capital Adds Chris Calabrese, Former Co-Founder of LBC Credit Partners, as Strategic Portfolio Partner
October 2, 2023Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Chris Calabrese, co-founding partner of $3+ billion AUM private credit manager LBC Credit Partners, has transitioned from a Star Mountain Operating Partner to a full-time role of Strategic Portfolio Partner.
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CIBC Innovation Banking Provides Financing Support for Clearhaven Partners’ Investment in Korbyt
October 2, 2023CIBC Innovation Banking announced today that it has provided financing support for Clearhaven Partners’ investment in Korbyt, an industry-leading workplace experience platform.
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Alterna Equity Partners Announces the Sale of Alterna Capital Solutions to Paychex
October 2, 2023Alterna Equity Partners (“AEP”), a South Florida-based lower middle market private equity firm, today announced the 100% sale of one of its portfolio companies, Alterna Capital Solutions, LLC (“ACS”) to Paychex, Inc. (“Paychex”). The sale of ACS represents a successful exit for AEP.
The Secured Lender
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