- Womble Strengthens Restructuring Practice in Wilmington
- Wingspire Capital Provides $45 Million to a Metal Finishing Company
- System One Announces Strategic Investment Partnership with Oaktree and StepStone Group
- Latham & Watkins Advises on Lambda’s US$926 Million Senior Secured Term Loan B Facility
- Capital Southwest Increases Corporate Credit Facility to $595 million and Extends Maturity to September 2031
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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U.S. Bank Adds Guillaume Mascotto as Head of Sustainable Finance
U.S. Bank announces the hire of Guillaume Mascotto as the company’s head of Sustainable Finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire enterprise. Based in New York, Mascotto is part of the U.S. Bancorp Community Development Corporation (USBCDC) leadership team reporting to its CEO, Zack Boyers.
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SFNet’s International Lending Conference Reveals Reasons for Optimism
The industry worldwide was profoundly shaken by the events of 2020, and the two-day SFNet International Lending Conference provided attendees with a broad global view of economic recovery and a deep dive into the new normal of covenants, risk management and other areas of the secured finance business.
TSL Express Daily Headlines & News
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Vintage Wine Estates Announces Amended Credit Agreement
October 16, 2023Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced it has amended its credit agreement (the “Amended Credit Agreement”) to, among other things, waive existing events of default, redefine financial covenants and allow for additional asset sales.
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Access Capital, Inc., Announces Efrain Aguilar’s Promotion to Credit Analyst
October 16, 2023Access Capital is pleased to announce that Efrain Aguilar has been promoted to the position of credit analyst. Efrain joined Access Capital in May 2020 as a senior collateral analyst and immediately distinguished himself with his knowledge, work ethic, team-first mentality, and growth mindset.
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SFNet Member Spotlight: Porter Capital Corporation
October 16, 2023Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. Porter offers working-capital solutions to businesses all over the country in a variety of industries. As a direct lender and factoring company, Porter Capital has provided over $8 billion in funding since its inception.
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CohnReznick Expands Government Advisory Capabilities with Acquisition of Exiger’s Construction Monitorship and Public Sector Forensic Investigations Division
October 16, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has acquired the Construction Monitorship and Public Sector Forensic Investigations Division from Exiger, the SaaS company revolutionizing the way corporations, government agencies and banks manage supply chains.
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Audax Private Debt Provides Financing to Support Aquiline Capital Partners’ Launch of MDpanel
October 16, 2023Audax Private Debt (“Audax”) announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the formation of MDpanel (the “Company”) by Aquiline Capital Partners, a New York-based private investment firm. MDpanel is a new platform dedicated to the efficient delivery of medical opinions as part of the workers’ compensation insurance claims process.
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Alvarez & Marsal Appoints Anil Kumar as Private Equity Generative Artificial Intelligence Practice Leader
October 16, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced Managing Director Anil Kumar will head its Private Equity Performance Improvement (PEPI) Generative Artificial Intelligence (GenAI) practice. David McGraw and Chaz Henry will support Mr. Kumar as the GenAI practice’s consulting lead and Chief Technology Officer, respectively.
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Venator Successfully Completes Financial Recapitalization and Emerges from Chapter 11
October 16, 2023Venator Materials PLC ("Venator" or the "Company"), a global manufacturer and marketer of chemical products, has successfully completed its Chapter 11 recapitalization process and has emerged with an improved balance sheet and lower debt. The Company is now better positioned to address macroeconomic and market challenges. Venator's recapitalization plan was confirmed by the Bankruptcy Court on July 25, 2023.
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A&G and Onyx Clarify Details of Real Estate Sale Involving Developer StoryBuilt
October 16, 2023A&G Real Estate Partners and Onyx Asset Advisors are clarifying a press release from October 9, 2023, to clarify the interests being sold related to developer StoryBuilt. In addition to the 12 projects solely owned by StoryBuilt, A&G Real Estate Partners and Onyx Asset Advisors are also marketing minority positions in 16 properties.
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Vantiva Announced a New Short Term €85 Million Financing
October 16, 2023Vantiva is pleased to announce that Vantiva Technologies SAS has entered into a credit agreement, pursuant to which a term facility in an aggregate principal amount of €85,000,000 has been provided by Barclays Bank Ireland PLC and participated in by certain funds managed/and or advised (directly or indirectly) by Angelo Gordon & Co., L.P.
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Target Hospitality Expands Credit Facility; Significantly Increasing Liquidity Profile
October 16, 2023Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, announced today that it has increased the available borrowing capacity under its Credit Agreement, dated March 15, 2019 (as amended, the "Amended Credit Facility"), by $50 million, for total available capacity of $175 million, subject to compliance with borrowing base requirements ("Expanded Credit Facility").
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Main Street Announces Increase in Commitments Under its SPV Credit Facility
October 16, 2023Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly owned subsidiary, MSCC Funding I, LLC (the "SPV"), has expanded its senior secured revolving credit facility (the "SPV Credit Facility") from $255.0 million to $430.0 million. The $175.0 million increase in total commitments was the result of the addition of two new lender relationships under the SPV Credit Facility.
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TD Bank Welcomes Jill Gateman as Head of Middle Market Products & Services
October 16, 2023TD Bank, America's Most Convenient Bank®, announces Jill Gateman as Head of Middle Market Products & Services within TD's Commercial Bank. Gateman will lead TD's Commercial Bank Middle Market growth strategy, focusing on deepening market penetration in TD's existing markets while driving national expansion for customers with revenue of $100 million to $1 billion.
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U.S. Middle Market Shows Strongest Earnings Growth in Two Years
October 12, 2023Middle market private companies in the Golub Capital Altman Index grew earnings by 13% during the first two months of the third quarter of 2023, the highest year-over-year earnings growth since Q3 of 2021. Revenue grew 8% during the same period.
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AlixPartners Strengthens Turnaround and Restructuring Services in Asia with New Partner & Managing Director, Patrick Bance
October 12, 2023AlixPartners, the global consulting firm, today announced that Patrick Bance has joined its Turnaround & Restructuring practice as a Partner & Managing Director in the Singapore office.
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Access Capital Provides $15 Million Credit Facility to Phaxis
October 12, 2023Phaxis is a New York-based provider of workforce solutions and specializes in delivering tailored solutions to companies across the healthcare, technology, and finance sectors.
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