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TSL Express Daily Articles & News
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SFNet values its members’ input and feedback as it helps shape priorities and drills down to focus on what matters most. Results from SFNet’s Annual Membership Survey, completed earlier this year, were very positive, with 90% of SFNet members reporting they’d recommend SFNet to friends and colleagues and two thirds reporting SFNet’s response to the pandemic has been better than any other association to which they belong.
In fact, our association has seen our Net Promoter Score (a key measure of loyalty) steadily increase over the past three years, up 37 points since 2018 and well above trade association averages. Results also gave us ideas for areas of improvement, and SFNet is taking on several new initiatives in response to this. This article will break down the membership survey results and what the Association has planned for the remainder of 2021.
TSL Express Daily Headlines & News
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Mitsubishi HC Capital America Announces New Positions, Capabilities in Commercial Finance Division
May 16, 2023Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is expanding the depth and scope of its commercial finance solutions to fully encompass both the front and back end of the enterprise value chain.
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Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform
May 16, 2023Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities today announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace.
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FGI T.R.U.S.T.™ Expands in the UK and Europe With Addition of Paul Bower
May 16, 2023FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Paul Bower as Director, FGI Technology. Based in London, Mr. Bower will focus on expanding FGI’s proprietary credit insurance monitoring software, T.R.U.S.T.™, throughout the UK and Europe.
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Comvest Credit Partners Provides Second Upsize to Above Lending; Senior Credit Facility Now $220 Million
May 16, 2023Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and Sole Lender on a $220 million senior secured credit facility (the “Financing”) to Above Lending (the “Company”), a Houston-based national provider of consumer loans.
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Cascadia Capital Announces Capital Markets Advisory Practice, Expansion to Atlanta Market with Hiring of Managing Director Carle Felton
May 16, 2023Cascadia Capital, one of the nation's most active independent middle-market investment banks, announced today the formal launch of its Capital Markets Advisory practice and expansion to the Atlanta market with the hiring of Managing Director Carle Felton.
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Gridiron Capital Expands Team with New Talent
May 16, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Lauren Amos and Marlon Alebiosu to the firm as Senior Associates.
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Venator Reaches Comprehensive Agreement to Enter Prepackaged Chapter 11 to Significantly Reduce Debt and Promptly Emerge Positioned for Long-Term Growth
May 15, 2023Venator Materials PLC ("Venator" or the "Company") (NYSE: VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan.
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Athenex, Inc. Reaches Agreement With Lenders to Pursue Expedited Sales Process
May 15, 2023Athenex, Inc., a global biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies for the treatment of cancer and related conditions, today announced that, following an ongoing strategic review, it has reached agreement with its lenders to move forward with an expedited sales process of the Company’s assets across its primary businesses: Athenex Pharmaceutical Division (“APD”), Orascovery, and Cell Therapy.
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Wells Fargo Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments
May 15, 2023Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for deposits in U.S. dollars for a three-month tenor.
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Blank Rome Adds Leading Group of Litigators in New York
May 15, 2023New York City — Blank Rome LLP is pleased to welcome a leading group of litigators in its Commercial Litigation practice group in New York, bolstering the firm’s national commercial and real estate litigation offerings. The group consists of nine attorneys whose practice areas focus on two broad areas as described below. They practiced at Akerman LLP before joining Blank Rome.
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Autocar LLC, Mitsubishi HC Capital America and Chargepoint “Power UpTM” the Electrification of Severe-Duty Vehicle Fleets Through One-Stop Financing
May 15, 2023Autocar, LLC, a leading manufacturer providing custom engineered severe-duty vocational vehicles, announced today it has partnered with Mitsubishi HC Capital America and ChargePoint to provide the Power UpTM Program, a bundled vehicle financing solution designed to help customers grow their electric fleets as well as build and install charging infrastructure.
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First Internet Bank Adds Senior Business Development Officer, Further Strengthening Nationwide Reach
May 15, 2023First Internet Bank announced today that Charles Wheaton has joined the organization as Vice President, Senior Business Development Officer. With his vast experience in all facets of corporate lending, their newest member further strengthens the Bank’s Small Business Administration (SBA) team that ranks among national leaders in SBA lending.
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Hilco Performance Solutions Names Susan Stanley Continuous Improvement and Lean Manufacturing Practice Leader
May 15, 2023Hilco Performance Solutions (HPS), a management advisory firm that consists of operational and financial experts in the areas of Manufacturing, Supply Chain, Sales & Customer Experience, Organizational Design, and M&A has named Associate Director Susan Stanley to the new position of Continuous Improvement and Lean Manufacturing Practice Leader.
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Parker Hudson Expands its Litigation Capabilities into Chicago with the Addition of Todd C. Jacobs and John E. Bucheit
May 15, 2023Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is excited to announce its entry into the Chicago market. The firm is expanding its litigation capabilities with the addition of two highly regarded and experienced trial lawyers, Todd C. Jacobs and John E. Bucheit.
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Berkshire Bank Promotes Greg Saint John to SVP, Deputy Chief Credit Officer
May 15, 2023Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, announces that Greg Saint John, an experienced credit officer and banking industry veteran, was promoted to senior vice president, deputy chief credit officer & commercial credit director.
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eCapital Expands With Two Senior Hires
May 15, 2023The two new hires, Matthew DeBernardo, SVP, Business Development Officer, and Bret Aaron Meuschke, SVP, Business Development Officer, will be involved in managing Factoring and Asset-based Lending transactions as part of the company’s Commercial Finance division.
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Granite Construction Incorporated Announces Closing of $325 Million of Convertible Senior Notes due 2028 and Full Exercise of Initial Purchasers’ Option to Purchase Additional $48.75 Million of the Convertible Senior Notes
May 15, 2023Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.75% Convertible Senior Notes due 2028 (the “Convertible Notes”) for gross proceeds of $373.75 million.
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Amino Health Secures $80 Million in Financing to Accelerate Growth and Product Innovation
May 15, 2023Amino Health, the leading digital healthcare guidance company, today announced $80 million in both equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively. In the face of declining digital health investment, this funding underscores the success of Amino Health's proven model and enables the company to scale its technology and continue its strong growth trajectory.
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Portage Point Adds Tom Studebaker as Co-Head Of Turnaround & Restructuring Practice
May 15, 2023Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Thomas Studebaker has joined the firm as Managing Director & Co-Head of the Turnaround & Restructuring practice.
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SC&H Capital Advises E-Box, LLC in the Sale of its Roll-off Dumpster Rental Operation
May 15, 2023SC&H Capital, a leading investment bank specializing in M&A advisory, is pleased to announce it has completed a sale of the assets of E-Box, LLC’s (“E-Box” or “the Company”) roll-off dumpster rental operation, to Baltimore, MD-based K&S TE, LLC (“K&S”).
The Secured Lender
SFNet's The Women in Secured Finance Issue



