- Eclipse Business Capital Provides $44 Million Senior Secured Credit Facility to Oil & Gas Industry
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TSL Express Daily Articles & News
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C2FO Expands Leadership Team With Addition of Chief Credit Officer and Chief Accounting Officer
C2FO, the world’s on-demand working capital platform, announced the addition of two new executive roles to its leadership team, naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer. Karas brings extensive leadership experience in lending and risk management, and Simoneau brings deep knowledge and experience in financial controls and reporting. Both executives will be essential as C2FO continues to enhance its business and overall global footprint.
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Is Cannabis Lending In Your Future?
Armstrong Teasdale partners provide lenders with up-to-date information on the complexities of lending to the legalized marijuana industry.
Perhaps the most frequently asked question by growth-oriented lenders is “How and when can we lend into the rapidly growing and already major industry of legalized marijuana?”
The answer is: “It is not so simple.”
TSL Express Daily Headlines & News
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WesBanco Bank Appoints David Klick as Upper Ohio Valley Market President
May 30, 2023WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has promoted David Klick to the role of Upper Ohio Valley (UOV) Market President and Senior Commercial Banker.
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FuelCell Energy Secures $87MM in Project Financing
May 30, 2023The multi-bank term facility includes Investec Bank plc as Coordinating Lead Arranger and Sole Bookrunner, Bank of Montreal as Mandated Lead Arranger, together with Liberty Bank as Depositary Agent and Lender along with Connecticut Green Bank and Amalgamated Bank as lenders.
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Sabre Corporation Announces Commitment of a $665 Million Private Financing and Cash Tender Offers by Sabre GLBL Inc. for Existing Secured Debt
May 30, 2023Sabre GLBL Inc. ("Sabre GLBL"), a wholly-owned subsidiary of Sabre, has entered into a commitment letter with lenders (together, the "Lenders") led by affiliates of Centerbridge Partners, L.P. for a $665 million new senior secured credit facility (the "New Facility") to Sabre Financial Borrower, LLC (the "Borrower"), a newly created wholly-owned subsidiary of Sabre GLBL.
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River City Bank Adds Former Umpqua Regional Director Rebecca Fabisch Miller as EVP, Commercial Banking Director
May 30, 2023River City Bank has announced Rebecca Fabisch Miller as Executive Vice President, Commercial Banking Director. In this role, Fabisch Miller will focus on providing services to the Bank’s middle-market commercial clients. She will lead the Bank’s commercial banking team in expanding and enhancing RCB’s commercial deposit and lending presence throughout California.
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SFNet Successful In Getting Carve Out for ABL and Factoring in Connecticut
May 30, 2023The Connecticut senate adopted an amended financial disclosure bill, which applies now only to sales-based financing, and the bill will now be referred to the Appropriations Committee.
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Apollo Announces Executive Leadership Hires for Cadma Capital Partners
May 30, 2023Apollo (NYSE: APO) today announced that the recently established Cadma Capital Partners (“Cadma”) has named Jon Beizer and Josh Brody as its CEO and President, respectively. Cadma is a credit financing platform for the venture ecosystem, providing asset-backed financing to venture- and growth-lenders, high-growth companies and financial sponsors, and is backed by Apollo-affiliated entities.
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Horizon Technology Finance Provides $30 Million Venture Loan Facility to SafelyYou
May 30, 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, announced today it has provided a $30 million venture loan facility to SafelyYou, Inc. ("SafelyYou"), of which $10 million has been initially funded.
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Turnspire Capital Partners Announces Team Additions
May 25, 2023Turnspire Capital Partners, LLC (“Turnspire”), a New York-based private equity firm focused on complex situations in the middle market, announced several recent additions to its team. These exceptional individuals bring a tremendous amount of expertise to Turnspire’s Investment and Finance teams
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Fifth Third Bank Names Stephanie Green as South Florida President
May 25, 2023Fifth Third Bank, National Association, has announced Stephanie Green as South Florida region president. As region president, Green is responsible for the growth and strategic direction of the Bank’s commercial, wealth and asset management, business banking and treasury management businesses.
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Brightwood Capital Announces the Appointment of Eric Pratt as Chief Credit Officer
May 25, 2023Brightwood Capital Advisors (“Brightwood” or the “Firm”), a middle market private credit firm, announced the appointment of Eric Pratt as Chief Credit Officer. In this role, Mr. Pratt will oversee Brightwood's existing portfolio, as well as play an important role in the Firm's analysis of new investments.
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Franklin Capital Completes a $1 Million Factoring Facility for a UK Headquartered Construction Consultant
May 25, 2023Franklin Capital is pleased to announce the completion of a $1,000,000 factoring facility for a UK headquartered construction consultant. A UK-based construction consultant was working with Branta, a corporate finance advisory practice, to grow their US operations.
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Medical Properties Trust Announces Prospect Recapitalization Transactions
May 25, 2023Prospect’s $250 million asset-backed revolving credit facility has been repaid in full and as a result, the unencumbered borrowing base of government and commercial insurance accounts receivable will provide first lien security for the previously announced MPT delayed draw term loan of up to $75 million. Prospect is expected to be substantially free of material debt or lease obligations outside of those to MPT and this new third-party financing.
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Wyndham Hotels & Resorts Announces Successful Completion of Refinancing Transaction
May 25, 2023Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers for the New Term Loan B. Barclays Bank PLC, U.S. Bank National Association, Wells Fargo Bank, National Association and Wells Fargo Securities, LLC, The Bank of Nova Scotia, Truist Securities, Inc., and PJT Partners LP acted as joint bookrunners.
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Horizon Technology Finance Strengthens Capital Resources and Increases Capacity of Credit Facility to $250 Million
May 25, 2023Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or the "Company"), 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 that Horizon Secured Loan Fund I LLC, Horizon's wholly-owned subsidiary ("HSLF"), has amended its senior secured debt facility with a large U.S. based insurance company.
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Physicians Realty Trust Announces $400 Million Five-Year Term Loan
May 25, 2023A total of seven lenders are participating in the Term Loan. KeyBank National Association is acting as the Administrative Agent and a lender. BMO Harris Bank N.A. and Regions Bank are serving as Joint Lead Arrangers and lenders. Bank of America, N.A. and Credit Agricole Corporate and Investment Bank are serving as Documentation Agents and lenders. Raymond James Bank and Associated Bank, N.A. are participating as lenders.
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QualTek to Strengthen Financial Position and Drive Long-Term Growth Through Consensual Financial Restructuring
May 25, 2023-QualTek Services Inc. (NASDAQ: QTEK) (the “Company” or “QualTek”), a leading infrastructure services provider, today announced a restructuring transaction that will position it to achieve long-term success in the telecom, renewables, and recovery logistics sectors. The restructuring transaction reduces the Company’s debt by approximately $307 million and provides $40 million of additional liquidity, substantially improving the Company’s balance sheet and financial position.
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Metropolitan Commercial Bank Bolsters It’s Commercial Lending and Deposit Vertical with a Former JP Morgan and PNC Bank Expert – Anthony Ter-Gevondyan
May 25, 2023Metropolitan Commercial Bank (the “Bank”), a New York City-based full-service commercial bank, announced today the appointment of Anthony Ter-Gevondyan as Vice President, Commercial Lending Officer.
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Northern Trust Appoints Patrick Cowan Chief Banking Officer for the West Region Denver
May 25, 2023Northern Trust has appointed Patrick Cowan Chief Banking Officer for the West Region, where he will lead the strategic direction and execution of the banking business to accelerate growth in the region.
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Alvarez & Marsal Taxand Extends Digital Tax Strategies and Capabilities to Address Clients’ Evolving Needs
May 25, 2023Demonstrating A&M’s commitment to customized digitization that automates tactical processes and amplifies value creation opportunities, A&M Taxand has hired Matthew Roche as a Managing Director with the Digital Tax Services team.
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
May 25, 2023he Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for April was $9.7 billion, down 8 percent year-over-year from new business volume in April 2022.
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