- Maxim Commercial Capital Grew Team by 21% during 2025
- A&G Real Estate Partners Names Senior Investment Banker Jacob Czarnick as Principal, Business Development and Strategy
- Oxford Finance’s Asset-Based Lending Division Closes First Deal with AMX Logistics
- Stellus Capital Management, LLC Provides Unitranche Financing in Support of Tailwind Capital's Investment in Valor Fleet Services
- enGene Announces Expanded $125 Million Debt Facility with Hercules Capital, Inc.
TSL Express Daily Articles & News
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In March, when the world suddenly and completely switched to “virtual” everything, quick, yet thoughtful, decisions had to be made by SFNet’s leadership and staff to ensure the Association could fulfill its mission of bringing together and representing those who provide the capital that fuels our economies.
“As it became clear that COVID was causing a seismic shift in just about every aspect of our professional and personal lives, the well-being of our staff and the SFNet Community became our priority. We also had to find creative ways to bring critical information to our members, as changes were occurring with head-spinning speed. In addition, it was vital for SFNet to continue to facilitate the connections that are so important now, during this time of social distancing,” said SFNet CEO Rich Gumbrecht. “We recognized the urgency of addressing our members’ most-pressing needs through impactful advocacy, providing crucial conversations through online events and sharing relevant and timely content."
TSL Express Daily Headlines & News
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nFusion Capital Reveals 2022 as Banner Year
February 8, 2023nFusion Capital recently announced their 2022 year-end results, which included building 156 new client relationships, purchasing $488 million in receivables, and offering 193 lines of credit totaling over $83 million. In addition, the team built an industry-leading 24/7/365 funding program to make funding available anytime, including on federal holidays.
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First Citizens Bank Provides $31.2 Million for Acquisition of Cancer Treatment Center in Columbia, South Carolina
February 8, 2023First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $31.2 million to Montecito Medical Real Estate to finance the acquisition of a cancer treatment center in Columbia, South Carolina.
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MetLife Investment Management to Acquire Alternative Investment Firm Raven Capital Management
February 8, 2023MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced that it has entered into a definitive agreement to acquire Raven Capital Management, a privately-owned alternative investment firm. As of December 31, 2022, Raven’s assets under management totaled $2.1 billion. The acquisition is subject to customary closing conditions.
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Wingspire Capital Exceeds $3 Billion In Commitments
February 8, 2023“We are pleased to reach this commitment milestone in our third year of operations as we continue to solidify and expand our standing as a leading diversified specialty finance firm serving the middle market,” said David Wisen, CEO and Co-Founder of Wingspire. “In addition to continuing to offer flexible capital during a challenging year, we also acquired Liberty Commercial Finance, expanding our product offering. Rebranded as Wingspire Equipment Finance, this vertical will accelerate Wingspire’s growth via a dedicated equipment finance direct originations platform.”
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Crescent European Specialty Lending Announces Financing for Equistone’s Acquisition of BUKO Infrasupport and BUKO Waakt
February 8, 2023Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided financing to support Equistone Partners Europe’s (“Equistone”) acquisition of a majority stake in BUKO Infrasupport and BUKO Waakt (“BUKO”), leading providers of outsourced traffic and safety management solutions in the Netherlands.
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Solifi’s Latest ABL Release Sets the Stage for 2023 Enhancements
February 8, 2023Solifi™, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve both the lender and borrower experiences through greater risk management controls, efficiency gains with loan syndication data and automated workflows, and self-service white-label capabilities to brand the ABL borrower portal.
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SG Provides Growth Capital Facility to Promenade
February 7, 2023Promenade was seeking growth financing to capitalize on new market opportunities in underserved verticals. SG structured a non-dilutive growth facility that provided the Company with sufficient capital to add key product development and sales personnel to execute on its plans.
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Hecate Grid Secures a $98.9 Million Term Loan & Letter of Credit Facility Package
February 7, 2023Hecate Grid, a joint venture between Hecate Energy and Infrared Capital Partners ("IRCP"), today announced the recent close of a six-year $98.9 million credit facility package to recapitalize its operating assets and fund the construction of a portfolio of standalone battery storage assets in Southern California. The debt facility package, which includes a $79.5 million term loan and $19.4 million Letter of Credit ("LC") facility, is collateralized by Hecate Grid's energy storage projects without a guarantee or other credit support.
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Capstone Partners Aggressively Expands Debt Advisory Group
February 7, 2023Brad Stewart is based in Boston and brings over 20 years of debt financing experience to the team. He was previously a Partner at debt advisory firm Capital Solutions Group and, prior to that, was in the debt capital markets group at Audax Private Equity. Brad brings a track record of success in middle market financings having placed debt both as an advisor and as a private equity sponsor.
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Scott Welkis Joins Kramer Levin as Partner in the Banking and Finance Group and Chair of Special Situations Practice
February 7, 2023Scott Welkis has joined Kramer Levin’s New York office as a partner in the Banking and Finance group of the Corporate department and chair of the firm’s Special Situations practice. Mr. Welkis has extensive experience handling a wide variety of debt financing transactions. He advises credit funds, private equity funds, hedge funds and other alternative capital sources, as well as banks and other financial institutions.
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Bed Bath & Beyond Plans to Sell Shares in bid to Avoid Bankruptcy
February 7, 2023Struggling retailer Bed Bath & Beyond said Monday it plans to sell shares of the company in hopes of generating enough cash to avoid filing for bankruptcy. Bed Bath & Beyond is aiming to raise $1 billion from the offering and use the proceeds to pay down some of its debt and make interest payments it missed on other loans. Mired in a sales slump, the home goods chain is set to close 87 more stores in coming weeks after shutting 150 locations last year.
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Solar Integrated Roofing Corp. Secures $10 Million Revolving Credit Facility with Top Four National Bank
February 6, 2023Solar Integrated Roofing Corp. (OTC:SIRC), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, today announced it has secured a new $10 million revolving credit facility with a top four national bank to finance the Company’s working capital requirements, subject to customary closing conditions.
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AutoCanada Boosts Credit Facility to C$1.6 Billion
February 6, 2023AutoCanada Inc. said Monday it extended and boosted the size of a credit facility to 1.6 billion Canadian dollars (US$1.19 billion), providing the company further flexibility to push ahead with growth plans. The automobile-dealership company said its existing credit facility has been extended to April 15, 2026, and the revolving facility increases by C$100 million, to $375 million.
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Portillo’s Inc. Completes Successful Debt Refinancing Transaction
February 6, 2023Portillo’s Inc. (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it has successfully refinanced its existing credit facility with a new 5-year $300 million Term A Loan, resulting in a significant reduction in interest expense. At prevailing rates, the all-in interest rate on the term debt has been reduced by approximately 270 basis points. The refinancing provides Portillo’s with greater financial flexibility in support of the Company’s ongoing expansion.
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USD Partners Announces Amendment to Existing Revolving Credit Agreement
February 6, 2023On January 31, 2023, USD Partners LP (the “Partnership”) and USD Terminals Canada ULC, an indirect, wholly-owned subsidiary of the Partnership (together with the Partnership, the “Borrowers”), and the subsidiary guarantors party thereto, entered into an amendment (the “Amendment”) to the Borrowers’ existing revolving credit agreement, dated as of November 2, 2018 (the “Credit Agreement”).
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D.A. Davidson Continues Its Strategic Expansion of Debt Advisory Coverage with New Hire Clinton Miyazono, Managing Director
February 6, 2023D.A. Davidson & Co. is pleased to announce that Clinton Miyazono has joined as a Managing Director in the Debt Advisory Group in the Chicago office, where he will be responsible for expanding the group’s Midwest footprint and national coverage initiatives.
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Gateway Trade Funding Announces Partnership with Another Lender to Complete a Facility
February 6, 2023Gateway Trade Funding is pleased to announce they have partnered with another lender to complete a facility consisting of stretch finance, factoring, and purchase order financing for a tech company. A technology business experiencing tremendous growth had just won a new large contract from a large retailer. The private equity firm they were working with recommended they reach out to Gateway Trade Funding because of the retailer's long payment cycle. They suggested that Gateway's financing options could be a good source of short-term financing to help them fulfill the contract and take on others.
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Blank Rome Adds Corporate Transactions Pro Robert Handler in Los Angeles
February 6, 2023Blank Rome LLP is pleased to announce that Robert Handler has joined the firm’s Corporate, M&A, and Securities practice group as senior counsel in the Los Angeles office. A corporate transactions pro with a focus on middle-market private businesses, Rob joins Blank Rome from Glaser Weil where he served as a partner in the Corporate and Real Estate groups.
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Schulte Roth & Zabel Advises Portfolio Advisors in Agreement to Combine with FS Investments
February 6, 2023Schulte Roth & Zabel advised Portfolio Advisors, a global middle-market private asset specialist with more than $38 billion in assets under management, as special regulatory counsel in a definitive agreement to combine with FS Investments, a pioneer in the democratization of alternative investments with more than $35 billion in assets under management.
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North Hudson Launches $275 Million Energy Credit Fund
February 6, 2023North Hudson Resource Partners LP ("North Hudson"), a Houston-based energy investment firm, today announced the launch of its inaugural credit fund, North Hudson Energy Credit Partners LP ("NH Energy Credit"). NH Energy Credit seeks to deploy $275 million of capital to support middle-market, North American onshore oil and gas production companies with senior secured loans to refinance existing debt, finance acquisitions, and fund development. NH Energy Credit will primarily provide senior secured loans between $20 and $50 million as well as flexible capital solutions for special situations.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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