- nFusion Names Curtis Powell Top Sales Producer for 1H26
- Market Sizing & Impact Study 2023
- SouthStar Capital Closes Accounts Receivable Financing Facility for Aerospace & Defense Government Contractor
- MONTICELLOAM, LLC Appoints Jason Liu as Deputy Chief Financial Officer to Lead the Accounting Team
- SFNet New Member Spotlight: Elevex Capital
TSL Express Daily Articles & News
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AmeriFactors Provides $60,000,000 In Funding to a Communications Contractor
CELEBRATION, FL (December 14, 2022) – AmeriFactors Financial Group, LLC, provided $60,000,000 in accounts receivable financing to a communications contractor to assist their business through a heavy growth stage. The client will be building out the infrastructure for a large telecom company. Along with increasing their available capital, they will have the advantage of AmeriFactors accounts receivable management services.
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SFNet will host a webinar tomorrow, May 21, from 12:00 p.m. – 1:00 p.m., EDT titled "Navigating the End of LIBOR: Recent Developments and Market Updates." This webinar is free for employees of SFNet member organizations and $95 for non SFNet members.
As we approach December 31, 2021, the financial markets are closer to the end of LIBOR for most currency and tenor settings. This webinar will provide important updates regarding LIBOR transition, including the extension of U.S. Dollar LIBOR for the dominant tenors to June 30, 2023, developments on SOFR and other overnight RFRs to replace IBOR rates and the emergence of certain “credit sensitive rates.” Panelists will also discuss recent developments impacting fallback provisions in documentation, including for business loans and derivatives, as well as the status of the New York State and Federal LIBOR discontinuation legislation.
TSL Express Daily Headlines & News
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MindMed Secures $50.0 Million Credit Facility with K2 HealthVentures
August 14, 2023Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED), (the “Company” or “MindMed”), a clinical stage biopharmaceutical company developing novel product candidates to treat brain health disorders, today announced that it has entered into a senior secured credit facility with K2 HealthVentures, a healthcare-focused specialty finance company.
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Carolyn Crooks Joins Evercore as Senior Managing Director in the Financial Sponsors Group
August 14, 2023Carolyn Crooks joins Evercore today (NYSE: EVR) as a senior managing director in the Financial Sponsors Group and will be based in New York. Ms. Crooks comes to Evercore after 21 years at Barclays, where she was a managing director in the financial sponsors group.
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Real Estate Finance Partner Michael McCarthy Joins Morgan Lewis in New York
August 14, 2023Morgan Lewis is bolstering its commercial real estate finance bench with the addition of former Stroock & Stroock & Lavan partner Michael (Mike) McCarthy. Arriving as a partner resident in New York, Mike will continue to advise institutional lenders, borrowers, and investors on a variety of commercial real estate finance and related matters.
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Gordon Brothers Acquires Telefunken
August 14, 2023Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken. Based in Frankfurt, Germany, Telefunken has become one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio.
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Wolters Kluwer Expert Points to Potential Risks 2023 Bank Failures Pose for Non-Bank Lenders
August 14, 2023After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects. Those impacts may include closer regulatory scrutiny for both traditional and non-bank lenders, according to Wolters Kluwer Compliance Solutions expert Kevin Wilzbach.
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B. Riley Serves as Debt Placement Agent to Transom Capital Group in its Acquisition of Bose Professional
August 14, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as advisor and placement agent to Transom Capital Group (“Transom”) in connection with its acquisition of the Professional Division of Bose Corporation (“Bose Professional”).
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Greenbacker Partners with RBC Community Investments to Complete one of Clean Energy Industry’s First Solar PTC Deals
August 14, 2023Greenbacker Capital Management (“GCM”), a leading renewable energy asset manager, announced today that, through an affiliated investment vehicle, it has completed a $148 million tax equity financing commitment with RBC Community Investments. The commitment—one of the very first tax equity deals to utilize the solar production tax credit (“PTC”)—is helping finance one of the largest solar projects in GCM’s fleet.
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Medalist Partners and Semper Capital Management Broaden Strategic Partnership
August 14, 2023Medalist Partners and Semper Capital Management have expanded their partnership in the structured credit space, with Medalist formally announcing plans to integrate the Semper Capital business onto its platform. As part of this process, various Semper Capital investment and support personnel will join Medalist where they will manage their existing strategies with the enhanced resources of the Medalist platform, while continuing to leverage the robust investment process developed within Semper Capital over the past 30 years
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Comerica Promotes Grant Simon to Senior Vice President, Group Manager, Technology and Life Sciences - San Francisco
August 14, 2023Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023. He will report to Robert Hernandez, Group Manager, TLS – California.
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Grant Thornton Appoints New Leaders to its Audit Quality & Risk Leadership Team
August 14, 2023Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately.
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Cambridge Savings Bank Supports Buyout of White Wood Kitchens with $2.6 Million in Financing
August 14, 2023Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $2.6 million in financing to support the acquisition and transition of ownership for White Wood Kitchens, the well-known kitchen and project management company in Cape Cod, MA, to former Information Technology leader, Anton Emelianov.
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Corvid Peak Expands Asset Management Platform
August 10, 2023Corvid Peak Capital Management LLC (“Corvid Peak”), a subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree” or the “Company”) announced today that it has reached an agreement in principle for the Coherence Capital Management (“Coherence”) team of Lazard Asset Management to join Corvid Peak. Coherence manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management, including the Coherence Long/Short Credit fund.
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Morgan Lewis Advises Invenergy on Closing of $1.5 Billion Revolving Credit Facility
August 10, 2023Morgan Lewis advised Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, on the closing of a $1.5 billion revolving credit facility to support Invenergy Renewables Operating I LLC and its parent company’s growing project development pipeline.
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Instant Brands Obtains Commitment for Additional Financing
August 10, 2023Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that it has received a commitment for an additional $30 million in new term loan financing from its existing lenders, increasing the amount of the term loan credit facility received by the Company to $162.5 million.
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Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus
August 10, 2023Proterra Inc (Nasdaq: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale.
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Cresset Names Bradley Schneider Head of Private Credit
August 10, 2023Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Michigan.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $250,000 factoring facility for a transportation company in British Columbia.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $200,000 factoring facility for a staffing company in Quebec.
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J D Factors Provides $8,725,000 in new Factoring Facilities During July
August 10, 2023J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $2,000,000 factoring facility for a semiconductor sales company in California.
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