- SFNet Market Pulse
- Wolters Kluwer Indicator Survey Finds Lower Concern Levels Following Significant Drop in Regulatory Penalties
- Soltage Closes $80 Million Syndicated Development Revolver Facility to Accelerate Solar & Storage Deployment
- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
- B. Riley Securities Strengthens Investment Banking Leadership with Senior Hire
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., today announced the creation of a new division, eCapital Healthcare, dedicated to serving clients within the healthcare industry with fast and flexible financial solutions designed for their unique needs.
The new division will be led by 20+ year industry veteran, Tim Peters, who will retain his leadership role as CEO, Healthcare Division, for eCapital.
TSL Express Trending Story
Featured
SFNet’s fourth annual Women in Secured Finance Conference attracted over 300 attendees for two days of inspiring (virtual) sessions featuring senior executives who shared their perspectives on leadership and communications while heading teams virtually and managing changes wrought by the COVID-19 Pandemic.
The consensus: Workers will not be returning to how it was even after a viable vaccine for the COVID-19 virus becomes available. Many of the speakers – women in top management, who are accustomed to being in the office, travelling, and meeting face-to-face with teams and clients—spoke about remote work challenges. They also offered creative ideas to ensure employees feel embraced during this challenging time.
TSL Express Daily Headlines & News
-
Armory Securities, LLC Announces that Fruit of the Earth Secures new $30 Million Term Loan and $60 Million Amended Credit Facility
January 24, 2023Armory Securities, LLC is pleased to announce that Fruit of the Earth has secured a new $30 million term loan and $60 million amended credit facility. Armory served as exclusive financial advisor and placement agent to Fruit of the Earth for the transaction. Fruit of the Earth, Inc. is the leading private label manufacturer of sun care and skin care related products to major mass market, drug and grocery retailers.
-
Haversine Funding Announced Closed Transactions
January 24, 2023Haversine Funding announced the following recently closed transactions: $6,000,000 real estate loan participation to refinance the acquisition of an assisted living facility in the Northeast; $20,000,000 senior, lender finance line of credit to a factor and asset based lender in the Southwest including a supplemental “gap” funding line with advances up to 95% of eligible accounts and loans; $3,000,000 factoring participation to a seafood distributor on the West Coast...
-
FocalPoint is now B. Riley Securities
January 24, 2023FocalPoint sent the following announcement that it is now B. Riley Securities: A year ago we announced our combination with B. Riley. Today marks the culmination of the work we have put in to strategically align our businesses and create a stronger platform for our clients and our team members. While our established leadership in M&A and private capital advisory remains the same, our teams are now enhanced by a best-in-class platform, and we are thrilled to rebrand as B. Riley Securities.
-
Keith Kirkland Joins Growth Lending to Lead Expansion Into the US Market
January 24, 2023Growth Lending, a leading provider of fast, flexible, and tailored funding for growing businesses has appointed Keith Kirkland as Senior Vice President of Sales as the lender expands its operations in the US. With offices in London, across the UK, and in Cape Town, South Africa, the lender’s US operations will be based in Atlanta, Georgia.
-
Monroe Capital Supports Clarion Capital Partners’ Acquisition of Vin Di Bona Productions
January 24, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Vin Di Bona Productions and V10 Entertainment (“V10”) by private equity sponsor Clarion Capital Partners.
-
Hecate Energy Secures a $550 Million Credit Facility Package, Including Five-Year Term Loan and LC Facility
January 24, 2023Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit ("LC") facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities will be collateralized by Hecate Energy's ~35 GW pipeline of renewables development projects, along with its minority ownership interests in Hecate Grid.
-
Mitsubishi HC Capital America Focusing on Inventory Financing For Specialty Vehicle Manufacturers, Dealers, and Upfitters
January 24, 2023Mitsubishi HC Capital America announces that the company is expanding its commercial specialty vehicle financing solutions, specifically aimed at fire and emergency vehicles, wreckers, and shuttle/transit buses. The company’s sizable lending resources and the deep expertise of its inventory finance team – led by industry veteran Gary Furnas – allows manufacturers, dealers and upfitters in the specialty vehicle market access to a trusted and flexible floorplan lender.
-
Alvarez & Marsal Continues to Build its Mass Torts Offering By Appointing Nicholas DeLuca Managing Director in the Disputes and Investigations Practice
January 24, 2023Leading global professional services firm Alvarez & Marsal (A&M) announces the appointment of Nicholas DeLuca as a Managing Director in the Mass Torts practice within its Disputes and Investigations (DI) group. Mr. DeLuca specializes in the application of analytics and modeling to estimate current and future risks associated with product liability, mass toxic and mass disaster torts and Multidistrict Litigations (MDL).
-
SC&H Capital Retained in Buyer Search for Trinity Regional Hospital Sachse
January 24, 2023SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to seek a buyer for Trinity Regional Hospital Sachse, LLC (“TRHS”). TRHS is a newly constructed, turnkey facility located off the President George Bush Highway in Sachse, TX, a medically underserved area considered to be one of the fastest growing communities in the Dallas area.
-
Serta Simmons Bedding Takes Decisive Actions to Strengthen Financial Position and Drive Long-Term Growth
January 24, 2023Serta Simmons Bedding, LLC (“SSB” or the “company”), one of the leading global sleep companies, today announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth.
-
Alerus Adds Commercial Banking Team
January 24, 2023Alerus is pleased to announce the expansion of its commercial banking team with the addition of three new employees. The industry veterans bring a combined 70 years of financial industry experience to Alerus, with extensive expertise in the commercial banking vertical.
-
EisnerAmper Announces 2022 Innovation Challenge Winners
January 24, 2023EisnerAmper, a leading global business advisory firm, is pleased to announce the winners of its second annual 2022 Live Innovation Challenge, an annual competition bringing EisnerAmper professionals together to develop innovative product and service offerings that address important business issues and client challenges.
-
SFNet Submits a Letter in Response to the Consumer Finance Protection Bureau’s (“CFPB”) Request for Comments
January 24, 2023SFNet has submitted a letter in response to the Consumer Finance Protection Bureau’s (“CFPB”) request for comments regarding the CFPB’s position that the recent regulations enacted by California’s Department of Financial Protection and Innovation in support of the California’s Commercial Disclosure Act.
-
SFNet Learns the Final Regulations Pertaining to CFPB Section 1071 of Dodd-Frank, Could Prove to be Unduly Burdensome
January 24, 2023SFNet has learned the final regulations pertaining to CFPB Section 1071 of Dodd-Frank, which could prove to be unduly burdensome to the vast majority of small and mid-sized finance companies that provide credit to small businesses, are expected to be issued on or before March 2023. Note that while factoring was previously exempted, we remain concerned that it could change in the final regulations.
-
Jones Day’s Andy Levine, Randi Lesnick, and Vica Irani to lead Firm’s Corporate Practice
January 24, 2023The global law firm Jones Day today announced that Andy Levine, Randi Lesnick, and Vica Irani will lead the Firm’s newly structured Corporate Practice. As practice leaders, they will coordinate and oversee the Firm’s transactional work worldwide, including both the Firm’s M&A and Private Equity sub-practices. These appointments, which are part of the implementation of a strategic, long-term planning process, set the stage for future growth of a transactional practice that has a two-decade record of acting on more deals than any other law firm.
-
Matthew Gurany Joins Sallyport Commercial Finance, LLC Team
January 24, 2023Matthew Gurany has joined as VP of business development and brings a wealth of business banking experience with him. He has been in the banking and finance industry for 28 years with a focus on business and commercial lending
-
Aypa Power Secures $320 Million Corporate Credit Facility
January 23, 2023Aypa Power ("Aypa"), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, has closed $320 million of letter of credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as Coordinating Lead Arrangers and Joint Bookrunners. The facility will support the development and commercialization of Aypa's 15+ GW project pipeline across North America.
-
Alloy Capital Raises US$100 Million Secured Credit Facility from Victory Park Capital
January 23, 2023Alloy Capital is pleased to announce that it has entered into a US$100 million senior secured credit facility (the "Facility") with Victory Park Capital ("VPC "). The Facility will enable Alloy Capital to finance the origination of structured finance loans in Mexico. Alloy Capital financing solutions target the largely untapped need for credit by companies in Mexico, offering tailored loans with flexibility in terms and repayment schedules.
-
NFI Completes Financing Agreements with the Government of Manitoba and Export Development Canada
January 23, 2023FI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has finalized agreements for the previously announced financial support package of approximately $1871 million with the Manitoba Development Corporation, an entity that provides financial services and financial instruments on behalf of the Province of Manitoba, and Export Development Canada (“EDC”), Canada’s export credit agency.
-
Republic Bank Appoints Michael LaPlante as Senior Vice President, Chief Accounting Officer
January 23, 2023Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today has announced the appointment of Michael LaPlante as Senior Vice President, Chief Accounting Officer, effective January 17, 2023. Mr. LaPlante will be an integral leader on the finance team overseeing the Company's accounting functions, and will report directly to Chief Financial Officer, Michael Harrington.
The Secured Lender
SFNet's The 81st Annual Convention Issue

.jpg?sfvrsn=f1093d2a_0)
