- Asset-Based Lending & Factoring Surveys
- Gordon Brothers Provides Birks Group with Strategic Financing to Support Growth
- Everforth, Inc. Successfully Completes Refinancing and Upsizes to a New $600 Million Revolving Credit Facility Enhancing Financial Flexibility
- TSL Feature Articles
- Monroe Capital Hires Alexandra Artes-Roy as Director on Direct Originations Team
TSL Express Daily Articles & News
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Travel + Leisure Co. Announces Closing of $300 Million Secured Term Loan B Financing
Travel + Leisure Co. (NYSE:TNL) announced today the closing of the third amendment (the “Third Amendment”) to its existing Credit Agreement. The Third Amendment provides for an incremental term loan B of $300 million, which will mature on December 14, 2029 (the "Term Loan B").
The Company expects to use the net proceeds from the Term Loan B, available cash on hand and revolving credit facility borrowings, to redeem, repurchase or repay its outstanding $400 million 3.90% secured notes due March 2023, and to pay related fees and expenses.
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Tim Knight is the vice president and senior managing partner with ThinkingAhead, where he is responsible for operations, training and recruiting for the firm. He also leads the partner group that heads up the firm’s Commercial Banking and Commercial Finance, Legal, Life Sciences and Security/Physical infrastructure search practices.
This is Tim’s 25th year in executive search. Prior to joining ThinkingAhead, he was with Southwestern Advantage as a District Sales Manager recruiting and training salespeople. Including his college summers, Tim has been with Southwestern Family of Companies for 35 years. In his 24 years with ThinkingAhead, he has personally filled over 400 engagements for clients and his teams over 2300 professionals placed with client companies and is the all team leader in personal production for ThinkingAhead.
TSL Express Daily Headlines & News
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B. Riley Expands Forensic Accounting and Litigation Consulting Practice in Dallas
August 16, 2023B. Riley Financial (Nasdaq: RILY) is pleased to announce the addition of Larry Kanter, CPA/CFF, CFE as Senior Managing Director with B. Riley Advisory Services, a leading provider of business advisory, appraisal and specialty financial consulting services. Kanter is based in Dallas, Texas and joins the firm’s national Forensic Accounting and Litigation Support practice.
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CapitalPlus Financial Services Supplies $2 Million in Funding to a Prominent New York-Based Concrete Contractor
August 16, 2023CapitalPlus Financial Services, a respected provider of tailored working capital solutions, proudly announces the successful facilitation of $2 million in funding for a renowned concrete contractor based in New York.
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Trinity Capital Inc. Provides $20 Million Growth Capital to MacroFab
August 16, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production.
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Klar Secures $100 Million Debt Facility from Victory Park Capital to Expand Credit Products in Mexico
August 16, 2023Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable, simple and transparent credit cards.
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Wingspire Capital Provides $50 Million to Tooling Tech
August 16, 2023Wingspire Capital committed a $35 million senior secured term loan and a $15 million revolver to Tooling Tech Group as the company leans into a new era of growth. The proceeds will be used to best position the Fenton, Michigan-based company to take advantage of industry tailwinds in support of its disciplined growth strategy, both organically and via compelling M&A opportunities both in the automotive sector and other end markets.
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220,000-Square-Foot Furniture Plant Goes to the Gavel on Aug. 24
August 16, 2023On August 24,Tiger Group and HyperAMS will auction more than 400 woodworking and other assets from the 220,000-square-foot furniture plant formerly operated by Solid Comfort, a tier-1supplier of wooden and laminated case goods for hospitality leaders such as Marriott, Hilton, Best Western and My Place.
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eCapital Recognized Among U.S Fastest-Growing Private Companies by Inc.
August 15, 2023eCapital Corp. ("eCapital" or "the Company"), an industry leader in financing solutions for businesses throughout North America and the U.K., announced today that it has achieved the 1383rd position on the esteemed 2023 Inc. 5000 list, highlighting an impressive growth rate of 422%.
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SG Credit Partners Announces a Senior Debt Investment in Modo Labs
August 15, 2023SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Modo Labs via an $8 million credit facility. Modo is the only low-code app building platform exclusively designed to deliver a digital campus and workplace experience.
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Amerisource Participated in a Common Equity Raise
August 15, 2023In June 2023, Amerisource participated in an equity co-investment in a common equity raise for Monarch Resource Partners LLC (“Monarch”). Monarch provides zero-emission natural gas contract compression services with its electric drive EcoFlex™ compressor fleet.
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Prime Trust, LLC Files Voluntary Chapter 11 Petitions
August 15, 2023Prime Trust, LLC and certain of its affiliates (collectively, the “Company”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
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First Citizens Bank Provides Loan to Refinance Florida Senior Living Community
August 15, 2023First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida.
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Merchant West Group Successfully Upgrades to Solifi ABL
August 15, 2023Solifi™, a global fintech software partner for secured finance, announced that Merchant West Group, a leading privately-owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform.
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Monroe Capital Supports Core Industrial Partners’ Gem Manufacturing Add-On Acquisition
August 15, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”), by GEM Manufacturing (“GEM”). GEM is an existing portfolio company of CORE Industrial Partners.
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Marco Provides Factoring Facility to FruitBreeze LLC
August 15, 2023FruitBreeze LLC, a wholesale trader of fruits and vegetables, has been granted a factoring line by Marco to offer better payment terms to its overseas customers without disrupting its day-to-day operations. Currently, the company serves well-known clients in both the United States and Japan. With the help of this new factoring arrangement, they are also expanding their customer base to new markets, including Europe.
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TradeCap Partners Closes $1,000,000 Purchase Order Finance Facility with Florida-based Aerospace Parts Distributor
August 15, 2023TradeCap Partners recently closed a $1,000,000 purchase order finance facility with an aerospace parts distributor based in Florida. Continued year over year growth combined with an existing credit facility structured around a single customer was constraining cash flow.
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SFNet New Member Spotlight: Gipstein Law PLLC
August 14, 2023Gipstein Law PLLC is a boutique law firm that specializes in transactional real estate as well as representing private commercial lenders, private mortgage lenders, and providers of various types of sales-based financing.
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Greater Commercial Lending Completes Additional $25 Million in USDA-Guaranteed Financing for Aemetis Dairy Digesters to Produce Renewable Natural Gas
August 14, 2023Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.
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HLS Therapeutics Announces Updates to its Credit Agreement
August 14, 2023HLS Therapeutics Inc. ("HLS" or the "Company") (TSX: HLS), a pharmaceutical company focusing on central nervous system and cardiovascular markets, announces an extension to its credit agreement, senior secured term loan, revolver facility and expansion facility (the "Amended Agreement") with a syndicate of leading bank lenders (the "Syndicate") led by JPMorgan Chase Bank as Admin Agent and Arranger.
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Triad Financial Services Announces $1.14 Billion in Consumer Financing
August 14, 2023Triad Financial Services, a subsidiary of ECN Capital Corp (TSX : ECN) (“ECN Capital” or the “Company”), a leader in financing solutions to manufactured housing dealers across the U.S., today announced that it has signed a letter of intent for $1.14 billion in financing from Blackstone’s Asset-Based Finance (“ABF”) Group.
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Flotek Announces Entry into Asset Based Loan Agreement
August 14, 2023Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has entered into a revolving loan and security agreement in connection with an Asset Based Loan ("ABL") with Amerisource Funding, Inc. ("Lender").
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