- rPlus Energies Secures a Revolving Credit Facility of up to $450 Million to Support Continued Growth
- TSL Subscriber Only Content
- Huntington Bank Names Scott Colcombe Regional President for TriState Region Following Susie Shipley's Promotion
- Benefit Street Partners Announces Closing of a $1.1 Billion CRE CLO
- Lowenstein Sandler Formalizes Fund Finance Practice, Names Marc S. Kurzweil and Boris Liberman Co-chairs
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
Featured
Named a Forty Under Forty designee by SFNet in 2018, Raphael’s experience in asset-based lending spans over two decades. During his career at Wells Fargo, he headed the team responsible for providing financial solutions to the Staffing, Government Contracting, and Transportation industries, growing the portfolio to over $1B in outstanding loans and $2.7B in commitments.
TSL Express Trending Story
Featured
SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.
After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways. On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening.
Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.
"The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."
TSL Express Daily Headlines & News
-
Neptune Wellness Nutraceutical Brand, Biodroga, Announces Accounts Receivable Factoring Facility of Up to $8 Million
November 30, 2023Neptune Wellness Solutions Inc., a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that its nutraceuticals brand subsidiary, Biodroga Nutraceuticals Inc., has entered into an accounts receivable factoring facility and inventory finance rider with Alterna Capital Solutions, LLC.
-
H.I.G. Capital Expands Its Capital Formation Team with the Addition of Jenny Nelson, Jennie Park, and Joe Tremblay
November 30, 2023H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $59 billion of equity capital under management, is pleased to announce that Jenny Nelson, Jennie Park, and Joe Tremblay have joined the firm’s Capital Formation Group. Jenny and Joe join as Managing Directors, based in California, and Jennie Park has joined as a Principal, based in New York.
-
Cicada Partners and Atlendis Labs Announced Strategic Partnership to Build Private Credit On-Chain
November 30, 2023Cicada Partners, a credit risk management company, and Atlendis Labs, a private credit Fintech, jointly announced a strategic and exclusive partnership to launch short-duration private credit opportunities, with an initial focus on Asset-Backed Lines of Credit.
-
B. Riley Launches US-Based Executive Search Practice
November 30, 2023B. Riley Advisory Services, a leading provider of business advisory, appraisal and consulting services and subsidiary of B. Riley Financial (Nasdaq: RILY), is pleased to announce the addition of Alistair Ross as a Senior Vice President, based in California.
-
U.S. Regional Banks Factoring Climate Risks into Credit Decisions, Investment Strategies
November 29, 2023The U.S. banking industry, while lagging other developed markets, is continuing to progress in addressing the risks associated with climate change and the transition toward a low-carbon economy.
-
Wolters Kluwer named a Great Place to Work by The Secured Lender
November 29, 2023Wolters Kluwer officials point to the company’s work to create an inclusive culture, which is reflected in recognitions such as Wolters Kluwer being named the Netherlands’ top company for gender diversity in the Equileap Gender Equality Global Report & Ranking, 2023 and among the Top 100 companies in the Financial Times’ Diversity Leaders 2023 ranking.
-
TD Bank Ranks No. 1 in SBA Lending for 7th Straight Year
November 29, 2023TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the seventh consecutive year in total number of approved U.S. Small Business Administration (SBA) loans in its Maine-to-Florida footprint for the SBA's 2023 fiscal year. TD Bank is also the #2 ranked SBA lender nationwide.
-
Ares Commercial Finance Provides Credit Facility to Priority Waste
November 29, 2023Ares Commercial Finance announced today that it, along with other Ares Management Credit funds, has provided a senior secured credit facility to Priority Waste (the “Company”), a portfolio company of TRP Capital Partners.
-
First Citizens Bank Arranges $99.3 Million for Kayne Anderson Real Estate and Remedy Medical Properties Joint Ventures
November 29, 2023First Citizens Bank today announced that its Healthcare Finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties.
-
Newtek Bank, N.A. Hires Chief Operating Officer of Digital Banking Operations
November 29, 2023NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023.
-
US Capital Global Appoints Steven J. Barton as Senior VP for New Minneapolis Office
November 29, 2023US Capital Global, a leading global private financial group for the middle market, is excited to announce the appointment of Steven J. Barton as Senior Vice President to lead its newly established office in Minneapolis, Minnesota.
-
Food Production, Processing and Packaging Equipment Goes to the Gavel Dec. 12 in Online Bankruptcy Auction
November 29, 2023By order of U.S. Bankruptcy Court, Tiger Group offers assets from Lemnature AquaFarmsproduction and R&D plants in Florida; bidding opens Dec. 5.
-
SMBC Hires Paul Burke to Lead New Capital Solutions Group
November 29, 2023Sumitomo Mitsui Banking Corporation (SMBC), a member of SMBC Group, today announced that Paul Burke has joined the firm to lead a newly created Capital Solutions Group.
-
Six One Commodities Successfully Expands and Renews Revolving Credit Facility
November 29, 2023Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”). ING Capital LLC, Wells Fargo Bank, N.A., MUFG Bank, Ltd., and Societe Generale are Joint Lead Arrangers for the Facility. Other lenders participating in the facility are HSBC Bank USA NA, Coöperative Rabobank U.A, Natixis, New York Branch, Credit Agricole Corporate and Investment Bank, GarantiBank International N.V., and Valley National Bank.
-
Primergy Secures $300M Debt and Tax Equity Investment for Prairie Mist Solar Project
November 29, 2023Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.
-
Siena Lending Group Completes $45.6 Million Credit Facilities for a Healthier Snacks and Food Producer
November 29, 2023Siena Lending Group LLC ("Siena") is pleased to announce the closing of credit facilities totaling $45.6 million for a California-based manufacturer of healthier snacks and related food products (the “Company”).
-
CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation
November 28, 2023CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment, and fund the recapitalization of Parsec Automation, a leading Manufacturing Operations Management (MoM) software platform.
-
Gateway Trade Funding Provides a $1,000,000 Purchase Order Facility to a Vitamin Supplement Company
November 28, 2023A vitamin supplement company secured a promising contract with payment terms beyond their current cash flow capabilities. Keen to take advantage of this significant opportunity, a broker referred them to Gateway Trade Funding.
-
Yieldstreet and Garrington Capital Announce Joint Venture Focused on Equipment Finance
November 28, 2023Yieldstreet, a leading private markets investing platform, and Garrington Capital US Corp. (“Garrington”), a leading provider of capital solutions to small- and mid-sized enterprises in the United States and Canada, today announce a new joint venture focused on opportunities in the equipment finance sector.
-
Wells Fargo Announces Expansion at Hudson Yards
November 28, 2023Wells Fargo today announced its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction represents a significant investment in the New York City (NYC) market and an opportunity to bring most NYC-based Wells Fargo employees together in one location for improved collaboration and access to new, more modern workspaces, technology, and amenities.
The Secured Lender
SFNet's Covention Issue




