- Barings Closes Over $19 Billion for Global Direct Lending Strategy
- TSL Feature Articles
- Monroe Capital Supports Warburg Pincus’ Investment in Cornerstone Caregiving
- Change in Public Policy Group Leadership at Squire Patton Boggs
- GA Group Acquires Done Right Merchandising, Expands Retail Services Platform
TSL Express Daily Articles & News
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The thing I love most about stoicism is the ability to combine its philosophy at work and home. Most people, myself included, do not truly look at themselves dispassionately in either setting. We are great, we are smart, we are everything someone should be and capable of everything; until we are not. I experience this recently when I had to look deep inside myself and acknowledge that like all people, I am flawed and have weaknesses. Most people overestimate their skills while failing to give themselves credit for what they are really great at. When you truly understand who you are, you will be better at every aspect of your job. What does this have to do with lending, you might ask; patience is another stoic virtue.
TSL Express Daily Headlines & News
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Access Capital, Inc. Announces Brian Sheehy as Vice President, Business Development Officer
June 14, 2023The Business Development team of Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently added Brian Sheehy to its Business Development team as its Vice President reporting to Raphael Torres, Head of Business Development.
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Companies Turning to Alternative Financing Sources as Banks Apply Increased Pressure, According to Carl Marks Advisors Survey
June 14, 2023Traditional bank lenders are applying more pressure to borrowers and showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors, a leading investment bank.
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Augmedix Extends Term Loan Facility and Finalizes Terms for Equity Line of Credit
June 14, 2023Augmedix (Nasdaq: AUGX), a healthcare technology company that delivers industry-leading ambient medical documentation, today announced that it has amended its existing senior secured term loan facility with Silicon Valley Bank (“SVB”), a division of First Citizens Bank, which may extend the interest only period by as long as 18 months from January 2024 to July 2025, and finalized terms on its previously disclosed equity line of credit with Redmile Group, LLC (“Redmile”).
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Alvarez & Marsal Appoints Tiffany Brown as a Managing Director and North American Solution Leader for CFO Services
June 14, 2023Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Atlanta-based Tiffany Brown as a Managing Director and the North American Solution Leader for the CFO Services practice within the firm’s Corporate Performance Improvement (CPI) division.
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BHI Provides $6 Million Loan to Refinance South Beach’s Casa Victoria Orchid Hotel
June 14, 2023BHI, a full-service commercial bank, announced that it has provided a $6 million loan to refinance 1444 Drexel Avenue, Miami Beach, Florida. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic improvements and upgrades.
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PesoRama Inc. Announces $20 Million Senior Secured Credit Facility for Expansion
June 13, 2023PesoRama Inc. (TSXV: PESO) (OTCQB: PSSOF) ("PesoRama" or the "Company") is pleased to announce that, today, it has entered into a binding senior secured revolving credit facility (the "Loan Agreement") for up to $20M (the "Loan") with Third Eye Capital Corporation (the "Agent") on behalf of certain lenders (the "Lenders").
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Associated Bank Announces Shawn McCutcheon as Community Market President in the St. Louis and Metro East Market
June 13, 2023Shawn McCutcheon has joined Associated Bank as community market president for the St. Louis and Metro East market. He is responsible for the commercial, private and retail banking operations for Associated Bank's Southern IL and Missouri markets.
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Great Rock Capital Upsizes Leverage Facility
June 13, 2023The leverage facility agented by KeyBank provides over $450MM of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank, and Synovus Financial Corp.
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FGI Risk Grows Business Development Team with Addition of Rick Perea
June 13, 2023FGI Worldwide LLC (www.FGIWW.com) (“FGI”), has announced the hiring of Rick Perea as Director, FGI Risk. Based out of the Boca Raton office, Mr. Perea is responsible for originating new business opportunities for FGI’s credit insurance brokerage and risk advisory division by cultivating relationships throughout the Southeast marketplace.
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SG Credit Partners Announces a Senior Debt Investment in Bulletproof 360
June 13, 2023SG Credit Partners, through its SG Consumer Products division, is happy to announce a partnership with Bulletproof 360, a coffee and functional nutrition brand best known for the “Bulletproof Coffee” recipe. Bulletproof embraces mind-body nutrition by using a blend of high-quality coffee, MCT oil, and grass-fed butter.
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Clear Channel Outdoor Holdings, Inc. Amends and Extends Credit Facilities
June 13, 2023Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has amended its Receivables-Based Credit Facility and Revolving Credit Facility (together, the "Amendments") with Deutsche Bank AG New York Branch as administrative agent.
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Horizon Technology Finance Provides $20 Million Venture Loan Facility to Viken Detection
June 13, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $20 million venture loan facility to Viken Detection Corp. ("Viken"), of which $10 million has been initially funded.
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Verdant Commercial Capital Grows Funding Capacity with New $150 Million Warehouse Line of Credit
June 13, 2023Verdant Commercial Capital, LLC, the nation’s sixth largest independent equipment finance company, announces the expansion of its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America, N.A.
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Stabilis Solutions, Inc. Announces New $10 Million Revolving Credit Facility
June 13, 2023Stabilis Solutions, Inc. announced that it has successfully arranged a new, $10 million secured revolving credit facility (the "Facility") with Cadence Bank. The Facility, which matures in June 2026, includes a $5 million accordion provision, subject to lender approval.
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Instant Brands Files for Bankruptcy
June 13, 2023Instant Brands, the parent company of Instant Pot, Pyrex, CorningWare, Chicago Cutlery and other big household names, has filed for Chapter 11 protection, citing unsustainable debt and other macro-economic challenges.
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Abacus Finance Provides Senior Debt Financing to Support Growth Recapitalization of Triple Crown Consulting by WestView Capital Partners
June 13, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Joint Lead Arranger for senior secured credit facilities to support the growth recapitalization of Triple Crown Consulting by WestView Capital Partners.
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Sallyport Commercial Finance Provides $250,000 Finance for Ontario Tech Company
June 13, 2023The client was referred to Sallyport through a broker and needed an influx of working capital to support their payroll obligations while they focus on growing their client base. Dan Millar, vice president for Sallyport, was pleased that with the usual Sallyport team effort, the customer was funded quickly and efficiently.
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Growth Lending Closes a $2.5m Single Customer Concentration Facility for a US Manufacturer
June 12, 2023Growth Lending has closed a $2.5m, single-customer concentration working capital facility for a manufacturer of baby blankets and swaddling products.
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MHH Welcomes 2023 Class Of Summer Associates & Legal Interns
June 12, 2023Moritt Hock & Hamroff is pleased to welcome Sidney Balaban, Danielle Halevi, Mary Johnson, Juliette Matchton, Sam Tanenbaum, and Isaiah Williams to its 2023 Summer Associates & Legal Interns Program. Sidney, Danielle, Mary, Juliette and Sam join the firm as Summer Associates while Isaiah joins as a Legal Intern.
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Hidden River Strategic Capital Announces $245 Million Fund Size
June 12, 2023Hidden River Strategic Capital, a Philadelphia-based investment firm, announced that its inaugural fund, Hidden River Strategic Capital I, LP (“Hidden River” or the “Fund”), has closed on $245 million of committed capital, significantly above its initial target.
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