- Rosenthal Capital Group Closes Three Transactions Across ABL Equipment Finance And Recourse Factoring Divisions, Totaling $20 Million
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- TAB Bank Closes $8 Million Working Capital Facility with Optimum Foods to Provide Meals and Other Critical Food Options for Youth Throughout the USA
- Western Alliance Appoints CEO Kenneth Vecchione as Chairman
- Silver Point Leads $500 Million Term Loan Financing Supporting Acquisition of KUBRA by REPAY
TSL Express Daily Articles & News
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SFNet's Asset-Based Capital Conference offers you the opportunity to join your colleagues in asset-based lending, alternative asset management, private debt, private equity, distressed debt, and service providers such as attorneys and appraisers for panels and discussions on the rapidly changing economic environment and how it impacts your portfolios and business opportunities.
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TSL Express Daily Headlines & News
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Essex Capital Arranges $14 Million Debt Refinancing for Eclipse Gaming Systems
May 18, 2023Essex Capital Group, Inc. (“Essex”) announced that the firm recently closed a new $14 million debt facility for Eclipse Gaming Systems, LLC (“Eclipse” or the ”Company”). Deal proceeds were used by Eclipse to refinance existing debt and fund the continued growth of the Company.
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Niche Internet Brands Can Thrive by Merging with Larger Retailers
May 18, 2023Tiger Group’s turnaround and sale of California-based wardrobe essentials brand Richer Poorer to francesca’s® Acquisition LLC shows that merging with a larger platform is a viable path forward for other e-tailers, advised Ryan Davis, Tiger Group Executive Managing Director.
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Ryman Hospitality Properties, Inc. Successfully Completes Refinancing of $700 Million Credit Facility and $500 Million Term Loan B
May 18, 2023Led by Wells Fargo, the Company refinanced its existing $700 Million Revolving Credit Facility (“Revolver”), extending its maturity from 2024 to 2027, with the option to extend the maturity date for a maximum of one additional year through either (i) a single 12-month extension option or (ii) two individual 6 month extensions.
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wefox Secures $110m With $55m Credit Facility From J.P. Morgan and Barclays
May 18, 2023wefox, the Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing investors and new investors including Squarepoint.
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Helios Technologies Expands Financial Capacity With Oversubscribed $150 Million Term Loan
May 17, 2023Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced an additional term loan of $150 million from the company’s existing Accordion facility.
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Yerbaé Announces New Credit Facility of US$2.5 Million from Oxford Bank to Fuel Growth and Expansion
May 17, 2023Yerbaé Brands Corp. (the “Company” or “Yerbaé”) announces today that it has secured a new accounts receivable and inventory line of credit of US$2,500,000 (the “Debt Facility”) from Oxford Commercial Finance, a Michigan banking corporation (“Oxford Bank”), through its Delaware subsidiary Yerbaé LLC.
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Enghouse Systems Enters Into Asset Purchase Agreement With Lifesize Inc.
May 17, 2023Lifesize Inc. (“Lifesize” or “the Company”), a leading, global provider of video conferencing and omnichannel contact center solutions, today announced it has entered into an Asset Purchase Agreement (“APA” or “Agreement”), with Enghouse Systems Ltd., a leading vertical enterprise software solutions company.
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Easterly Asset Management Hires Lauren Crisafi as Senior Vice President
May 17, 2023Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Lauren Crisafi as Senior Vice President of Marketing. Lauren will be based out of Easterly’s headquarters in Beverly, MA.
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Briar Capital Real Estate Fund Closes a $8.95MM Real Estate Loan for a Family-owned OEM of Drivetrain and Powertrain Assemblies in Michigan
May 17, 2023Briar Capital Real Estate Fund recently closed a $8.95MM real estate loan for a family-owned OEM of drivetrain and powertrain assemblies in Michigan. Briar Capital’s real estate loan was closed in conjunction with a total debt and operational restructuring organized by a National Turnaround Consulting Firm.
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Orion Group Holdings, Inc. Announces Closing of $103 Million Senior Secured Credit Facility and $13 Million Equipment Sale-Leaseback
May 17, 2023Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced the closing of a new 3-year $103 million senior secured asset based credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC, which are the asset based lending affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”).
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Portage Point Adds Robin Chiu Further Strengthening Turnaround & Restructuring Practice
May 17, 2023Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Robin Chiu has joined the firm as Managing Director.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Eagle Merchant Partners’ Acquisition of Impact Home Services, LLC
May 17, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of Eagle Merchant Partners’ (“Eagle Merchant”) acquisition of Impact Home Services, LLC (“Impact” or the “Company”), an independent owner and operator of franchises within Neighborly, the world’s largest home services company.
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Citizens Provides Asset-backed Credit Facility for Belknap White Group
May 17, 2023Citizens announced that it provided an asset-backed credit facility to the Belknap White Group to refinance existing debt, provide funds to acquire the assets of Swiff-Train Corporation and support future growth. The new facility consolidates two separate facilities provided by Citizens. Citizens acted as joint lead arranger.
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Aurous Financial Onboards and Funds $500,000 to a New Food and Beverage Company in 3 Days
May 17, 2023Aurous completed all UCC, tax, lien, and background checks and due diligence procedures within two days. Additionally Aurous negotiated an intercreditor agreement with a new factor, within the same timeline. Contracts were issued Thursday. Funding was released Thursday evening.
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Cardless Announces $75 Million Credit Facility From i80 Group
May 16, 2023The fintech company that provides custom co-branded credit card products also received angel investment from The Points Guy founder, Brian Kelly.
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B. Riley Serves as Advisor to NextNav, Inc. on $50 Million Debt Financing
May 16, 2023B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to NextNav, Inc. (Nasdaq: NN) in connection with its recently completed $50 million debt financing through a private offering of senior secured first lien notes to a group of lenders including Whitebox Advisors LLC, Susquehanna International Group, and Clutterbuck Capital Management.
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Great Elm Group, Inc. Announces CFO Transition
May 16, 2023Great Elm Group, Inc. (“we,” “us,” “our,” the “Company,” or “GEG”) (NASDAQ: GEG), an alternative asset manager, announced today that Brent Pearson resigned as Chief Financial Officer. The Board of Directors unanimously appointed Keri Davis as CFO effective immediately.
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Mitsubishi HC Capital America Announces New Positions, Capabilities in Commercial Finance Division
May 16, 2023Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is expanding the depth and scope of its commercial finance solutions to fully encompass both the front and back end of the enterprise value chain.
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Castlelake Reaches Purchase Agreement for up to $4 Billion of Consumer Installment Loans Originated on Upstart's Platform
May 16, 2023Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities today announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace.
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FGI T.R.U.S.T.™ Expands in the UK and Europe With Addition of Paul Bower
May 16, 2023FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Paul Bower as Director, FGI Technology. Based in London, Mr. Bower will focus on expanding FGI’s proprietary credit insurance monitoring software, T.R.U.S.T.™, throughout the UK and Europe.
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