- Jennifer Palmer Named to Inc. Female Founders 500 for Leadership in Women-Focused Lending
- Christopher “Chris” Babcock, Former ~25 Year Director from BNY Mellon Asset Management, Joins Star Mountain Capital as Managing Director
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Hallador Energy Closes $120 Million Senior Secured Credit Facilities
- CVC Credit Prices First new CLO of 2026
TSL Express Daily Articles & News
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I was a lender for over 40 years and have been a member of SFNet for most of that time. I have attended many conferences over the years. I especially enjoy the SFNet Annual Convention. A different city every year, an opportunity to catch up with all the people I know in the industry, but haven’t seen in a while, and an opportunity to meet lots of new people that I didn’t know or only knew by telephone or e-mail. When I was a lender, our syndications group would arrange a lot of meetings with existing and potential new partners and very often was able to pitch new deals. This was a time to solidify relationships, expand your professional and personal network and maybe get some business done. For years, I never came home from the convention without at least one new potential deal to review. And, of course, there were always exceptional keynote speakers and terrific panels to attend as well.
TSL Express Daily Headlines & News
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CFPB Launches Dedicated Regulatory and Technical Support Program to Help Financial Institutions Implement and Comply with 1071 Final Rules.
April 6, 2023Last week, the CFPB issued the small business lending rule. You can read the rule on the CFPB website. To help financial institutions implement and comply with the small business lending rule, the CFPB is launching a dedicated regulatory and technical support program called SBL Help. SBL Help can provide oral and written assistance to financial institutions about their data collection and reporting obligations under the final rule.
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Pathward Earns 2023 Great Place to Work Certification™
April 6, 2023Pathward®, N.A. is proud to be Certified™ by Great Place to Work® for the first time. The prestigious award is based entirely on what current employees say about their experience working at Pathward. This year, 78% of employees said it’s a great place to work – 21 points higher than the average U.S. company*.
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CoBank Quarterly: Resilient Labor Market Delays Inevitable U.S. Economic Slowdown
April 6, 2023According to a new quarterly report from CoBank’s Knowledge Exchange, inflation remains the biggest economic challenge ahead. Even as general inflation moves in the right direction, headline inflation is still at 5% year-over-year. That’s well above the Federal Reserve’s 2% target and points to the likelihood the Fed will raise rates again in May.
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ABA Report: Bank Economists Expect Slowing Economic Growth to Tighten Credit Conditions
April 6, 2023Bank economists expect credit conditions to weaken over the next six months as economic growth slows and interest rates trend higher, according to the American Bankers Association’s latest Credit Conditions Index released today.
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Ocean Bank Closes on a New $5.0 Million Factoring Facility to Growing Recycled Paper and Cardboard Distributor
April 6, 2023Ocean Bank announced its Factoring Division has closed and funded a new $5 million factoring facility to a rapidly growing distributor of recycled paper and cardboard.
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Sallyport Commercial Finance Provides Funding for a Rapid Growth Business in the Food Manufacturing Industry
April 6, 2023The financing will give them the working capital needed to purchase increasingly costly ingredients and fulfill a growing order book.
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Sallyport Commercial Finance Provides $500,000, Gets New Oil and Gas Company Off the Mark
April 6, 2023Sallyport Commercial Finance is delighted to announce the late March funding of a new business in the oil and gas services industry. The $500,000 accounts receivable finance will give them the working capital required to support their rapid projected growth.
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Gordon Brothers to Sell Shoe City Leases & Conduct Going-Out-of-Business Sales at All 39 Retail Stores
April 6, 2023Gordon Brothers, the global advisory and investment firm, will sell retail leases and operate going-out-of-business sales at all 39 retail store locations of Esco Ltd., operating as Shoe City, throughout Maryland, Virginia and Washington, D.C.
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Main Street Announces New Portfolio Investment
April 6, 2023Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment to facilitate the recapitalization of Infinity X1 LLC ("Infinity" or the "Company"), a leading supplier of portable lighting products. Main Street, along with its co-investor, partnered with the Company's existing owners and management team to facilitate the transaction, with Main Street funding $22.0 million in a combination of first-lien, senior secured term debt and a direct minority equity investment.
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Washington Trust Promotes Four to Executive Vice President
April 6, 2023Washington Trust is pleased to announce the recent promotions of four senior managers to executive vice president:
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Milbank Expands Financial Restructuring Practice with Addition of Partner Nick Dunstone in Asia
April 6, 2023Mr. Dunstone joins Milbank with 25 years of experience as a restructuring specialist in multiple jurisdictions across the globe. His experience includes acting as a legal adviser to the global fund and distressed investing community and serving as a partner in an investment fund.
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Webster Bank Announces Two Promotions
April 6, 2023Luis Massiani has been promoted to Senior Executive Vice President and appointed President of Webster Bank. He continues in his role as Chief Operating Officer, a role to which he was appointed in January 2022. Chris Motl, President of Commercial Banking, has also been promoted to Senior Executive Vice President. Motl will continue to lead all of Webster’s Commercial Banking verticals
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BankUnited Expands Corporate Banking Division in Florida
April 6, 2023BankUnited, N.A., one of the largest independent depository institutions headquartered in Florida, is expanding its Florida corporate banking division with the addition of three bankers who will help serve the bank’s growing portfolio of middle-market and large corporate companies doing business throughout the region.
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Huntington Business Credit Closes a New Credit Facility with Needler Enterprises, Inc.
April 5, 2023Huntington Business Credit announced it closed a new credit facility with Needler Enterprises, Inc. on February 27, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital growth financing.
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Vesper Energy Upsizes Letter of Credit Facility to $200 Million, Driving Energy Transition in Critical Markets
April 5, 2023Vesper Energy, a leading developer, owner, and operator of utility-scale renewable energy assets, today announced it has upsized its existing letter of credit (LC) facility from $140 million to $200 million. The upsizing, which follows the recent tax equity closures and debt financing of Vesper Energy's Nestlewood and Gaucho solar energy facilities, reinforces Vesper Energy's continued growth and success in the renewable energy industry.
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Sound Point Capital to Acquire Assured Investment Management, and Receive $1 Billion Investment Commitment From Assured Guaranty
April 5, 2023Sound Point Capital Management, LP, a credit-oriented investment manager overseeing approximately $32 billion in total assets, is pleased to announce that it has entered into an agreement to acquire Assured Investment Management LLC and certain of its related asset management entities (“Assured-IM”), which conducts the institutional asset management business of Assured Guaranty Ltd. (together with its affiliates, “Assured Guaranty”).
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Locus Fermentation Solutions Announces $117 Million Financing
April 5, 2023Locus Fermentation Solutions (Locus FS), a green tech company that produces biological alternatives to chemicals that advance decarbonization goals, has secured $117 million in IP-insurance backed debt financing arranged by Jefferies (NYSE: JEF)—bringing its total raise to over $250 million. The financing was driven by the value of Locus Fermentation Solutions’ intellectual property (IP) and library of more than 1,300 biomanufacturing technology patent filings.
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Capital One Makes $90 Million Tax Equity Investment in Idaho Solar Facility
April 5, 2023Capital One announced today that it has made a $90 million tax equity investment in the 120 megawatt (MW) Jackpot Solar project, which, upon completion, is expected to be the largest solar facility in Idaho. The sponsor, Duke Energy Renewables, is a leading U.S. developer of wind and solar energy solutions, owning and operating facilities generating 2,900 MW.
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South Plains Financial, Inc. Announces the Sale of Windmark Insurance Agency, Inc. to Alliant Insurance Services, Inc.
April 5, 2023South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that it has sold City Bank’s wholly-owned subsidiary, Windmark Insurance Agency, Inc. (“Windmark”), to Alliant Insurance Services, Inc. (“Alliant”). The transaction closed on April 1, 2023.
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Sidley’s Dallas Office Welcomes Restructuring Partner Rakhee V. Patel
April 5, 2023Sidley is pleased to announce the addition of partner Rakhee V. Patel to its Restructuring group. She joins Texas-based partners Duston McFaul and Charles Persons in Sidley’s growing global Restructuring practice, on the heels of the recently announced addition of London-based partner Kieran Sharma.
The Secured Lender
SFNet's The Women in Secured Finance Issue



