- Tiger Finance Provides $45 Million in Working Capital to Glossier, LLC
- LiftHigh Crane Doubles Credit Facility and Announces New Central Texas Branch
- nFusion Capital Provides $2 Million Factoring Facility to Build Contractor’s Construction Division
- Haversine Funding Announces Recent Lender Finance Closings and Facility Expansions
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TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Axiom Bank, N.A. Expands ABL Team In New England
Axiom Bank, N.A., a Maitland-based bank, has expanded its team with the hiring of Todd A. Davock as Senior Vice President, Business Development Officer in its asset-based lending division headquartered in Dallas.
Davock brings nearly 25 years of experience in asset-based lending and commercial finance. In this new role with Axiom Bank’s Commercial Finance division, he will oversee development of the business in the New England area.
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(Editor’s Note: This is the beginning of a new interview series by Charlie Perer of SG Credit Partners.)
In this installment of our series of executive interviews, Charlie Perer sits with Ken Pardue to understand his plans to grow Triumph, the pace of change in the ABL business and state of the market, among other things.
TSL Express Daily Headlines & News
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United Capital Funding issues $10.8 million in total credit facilities during Q2 2023
July 7, 2023United Capital Funding Group, LLC, a Florida-based factoring firm completed twelve transactions totaling $10.75 million in accounts receivable financing in Q2 of 2023.
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United Capital Funding issues $10.8 million in total credit facilities during Q2 2023
July 7, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed twelve transactions totaling $10.75 million in accounts receivable financing in Q2 of 2023.
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United Capital Funding issues $10.8 million in total credit facilities during Q2 2023
July 7, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed twelve transactions totaling $10.75 million in accounts receivable financing in Q2 of 2023.
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United Capital Funding issues $10.8 million in total credit facilities during Q2 2023
July 7, 2023United Capital Funding Group, LLC, a Florida-based factoring firm completed twelve transactions totaling $10.75 million in accounts receivable financing in Q2 of 2023.
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Service Properties Trust Enters New $650 Million Credit Facility
July 6, 2023Wells Fargo Securities, LLC, PNC Capital Markets, LLC, and BMO Harris Bank, N.A. are the Joint Lead Arrangers and Joint Lead Bookrunners for the credit facility. Wells Fargo Bank, N.A. is the Administrative Agent. PNC Bank, National Association and BMO Harris Bank, N.A. are the Syndication Agents. Citibank, N.A., Bank of America, N.A. and JPMorgan Chase Bank, N.A., are the Documentation Agents.
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First Solar Secures $1 Billion Revolving Credit Facility
July 6, 2023Additional banks participating in the facility include Joint Lead Arrangers Bank of America, Citibank, Credit Agricole CIB, and PNC Bank, as well as participating lenders BNP Paribas, Goldman Sachs Bank USA, HSBC Bank USA, MUFG Bank, Standard Chartered Bank, and Truist Bank.
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Myriad Genetics Announces New $90 Million Asset-Based Credit Facility
July 6, 2023Myriad Genetics, Inc., (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced that it has established a new $90 million asset-based credit facility (the “ABL Facility”) with JPMorgan Chase Bank, N.A. as administrative agent and issuing bank, and the other lender parties thereto consisting of Wells Fargo Bank, N.A. and Bank of America, N.A.
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Bain Capital Credit Provides Financing to Support Investment in Congress Wealth Management by Audax Private Equity
July 6, 2023Bain Capital Credit today announced that the firm’s Private Credit Group acted as sole lender and administrative agent for a senior credit facility to support Audax Private Equity’s strategic investment in Congress Wealth Management (“Congress”), an independent registered investment advisor offering wealth management and investment advisory services to high-net-worth individuals and families in the U.S.
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Banc of California Names Joseph Kauder Executive Vice President and Chief Financial Officer
July 6, 2023Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the appointment of Joseph Kauder as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective July 10, 2023.
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Republic Bank Completes Merger With Commercial Industrial Finance, Rebrands Division as Republic Bank Finance
July 6, 2023St. Louis-based Commercial Industrial Finance, Inc. (“CIF”) became Republic Bank Finance effective July 1, 2023, coinciding with the final merger of the two companies. CIF was acquired by Republic Bank & Trust Company (“Republic Bank” or the “Bank”) and its parent company Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic”), on March 15, 2023, as part of the acquisition of CIF’s former parent company, CBank.
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United Capital Funding Issues $10.8 Million in Total Credit Facilities During Q2 2023
July 6, 2023United Capital Funding Group LLC, a Florida-based factoring firm completed twelve transactions totaling $10.75 million in accounts receivable financing in Q2 of 2023.
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Celtic Capital Corporation Provides $1.5 Million Equipment Loan for CNC Machine Shops
July 6, 2023Celtic Capital Corporation today announced its most recent new client relationship – three CNC machine shops related through common ownership. Two are located in Texas; the other, in Michigan.
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Jim Alwan Joins Armory Group as Managing Director
July 6, 2023Armory Group, LLC, a leading financial advisory firm serving the middle market, is pleased to welcome Jim Alwan as a managing director. Based out of the Los Angeles office, Jim brings over 25 years of executive management and operating experience in technology and the healthcare industry, having led early-stage firms as well as large multinational businesses by driving rapid growth, strategic pivots, and turn-arounds.
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InterNex Capital Announces $6 Million Facility to Transportation Company
July 6, 2023InterNex Capital provides $6,000,000 facility to a transportation and logistics company in the Midwest. The company required additional growth capital and greater flexibility than provided by their existing bank facility.
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In Memoriam: John McQuiston
July 6, 2023John McQuiston, Head of Global Sales, Global Receivables and Trade Finance with Wells Fargo, died unexpectedly on June 25.
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Culain Capital Funding Closes $200,000 and $250,000 for Medical Staffing Companies
July 6, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small- and medium-sized business in the United States announces the completion of a $200,000 and a $250,000 accounts receivable factoring facility with two startup medical staffing companies based in Texas.
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CIBC Innovation Banking Bolsters North American Team
July 5, 2023CIBC Innovation Banking is pleased to announce that its North American team is growing, with team members joining in New York and San Francisco.
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TradeCap Partners Extends Minority, Women Owned Startup $700,000 Purchase Order Finance Facility
July 5, 2023TradeCap Partners recently extended a $700,000 purchase order finance facility to a minority, women owned startup apparel brand. Having started her brand with a D2C online presence only, the founder landed her first big opportunity with a large retailer.
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COMPASS Pathways Secures Term Loan Facility for Up to $50 Million from Hercules Capital
July 5, 2023COMPASS Pathways plc (Nasdaq: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced that the Company has entered into a term loan agreement with Hercules Capital, Inc. (NYSE: HTGC) for up to $50 million.
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Dave & Buster's Entertainment Amends Credit Agreement; Enhances Loan Facility To $900M
July 5, 2023Dave & Buster's Entertainment Inc (NASDAQ:PLAY) said it amended its credit agreement, achieving favorable pricing and upsizing the Term Loan B facility to $900 million.
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