- Baker Garrington and Liquid Capital Announce Recent Financings
- Cumulus Media Announces Agreement to Eliminate Substantially All Remaining Debt and Significantly Strengthen Financial Position
- Market Sizing & Impact Study 2023
- Eagle Point Provides Strategic Financing to Heritage Energy Storage for Distributed Generation Platform
- Faccorp Funds Three New Factoring Facilities so far Q1; Supporting Growth Across Security, Infrastructure, and Energy Sectors
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
CIT Northbridge Provides Financing to Mohawk Fine Papers
CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing will be used to refinance existing debt and provide working capital to support strategic initiatives and future endeavors.
TSL Express Trending Story
Featured
While the PPP loans have provided necessary working capital for many businesses to survive the economic impacts of Covid-19, as those funds have been used and payment deferrals have expired, companies are looking to enter into M&A transactions. When a company has a PPP loan the M&A process is further complicated for the company and its lender.
On October 2, 2020 the SBA issued a Procedural Notice to provide guidance on the notification and consent requirements for changes in ownership of companies with PPP loans. The usual SBA 7(a) loan requirements are to obtain consent of the SBA prior to a lender approving a change in ownership. This October 2 guidance was meant to clarify what the SBA would expect specifically related to PPP loans and change of ownership.
TSL Express Daily Headlines & News
-
Obsidian Energy Announces Syndicated Credit Facility Increase to $200 Million
March 22, 2023OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an increase to our syndicated credit facility to $200.0 million from $175.0 million, with an extension of the revolving period to May 31, 2024, and the term-out date to May 31, 2025. The increase was part of our semi-annual borrowing base redetermination, which was completed earlier than normal (typically occurs in May and November of each year).
-
Hercules Capital Increases Its Committed Letter of Credit Facility with SMBC
March 22, 2023Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced it has increased its committed letter of credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) by $75.0 million for a total of $175.0 million in credit capacity subject to borrowing base, leverage and other restrictions.
-
Brightwood Capital Advisors Leads $300 Million Senior Secured Credit Facility to Support Giving Home Health Care’s Strategic Growth Initiatives
March 22, 2023Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced it has led a $300 million senior secured credit facility financing to Giving Home Health Care (“GHHC”). The financing was used to support GHHC’s recent partnership with FS Investments and to fund its strategic growth initiatives.
-
Sotera Health Amends and Upsizes Revolving Credit Facility
March 22, 2023Sotera Health Company (“Sotera Health” or the “Company”) (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced that it has successfully closed on an amendment (the “Amendment”) to its First Lien Credit Agreement (the “Credit Agreement”). The Amendment adds revolving loan commitments of $76.3 million, increasing the total aggregate principal amount of available commitments under the Company’s revolving credit facility (“Revolving Credit Facility”) from $347.5 million to $423.8 million.
-
Ares Management and Mubadala Announce the Creation of a Joint Venture to Invest in Global Credit Secondaries Opportunities
March 22, 2023Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, and Mubadala Investment Company (“Mubadala”), a global sovereign investor, today announced the formation of a joint venture to invest in global credit secondaries opportunities.
-
Commercial Finance Partners Qualifies and Finances Over $150,000,000 in Employee Retention Credits
March 22, 2023Commercial Finance Partners is pleased to announce that is has qualified and financed over $150,000,000 in Employee Retention Credits. The company has expanded the financing programs to include larger credits in excess of $10,000,000, while maintaining the same focus of helping small business owners, private equity firms, lenders, and other parties that might benefit from pulling forward the credits due to the various companies.
-
Diebold Nixdorf Confirms Closing on $55 Million of Additional Liquidity
March 21, 2023Diebold Nixdorf (NYSE: DBD) today announced an amendment to its asset-based credit facility (ABL) to add a new $55 million first-in-last-out term loan (FILO) tranche. Additionally, Diebold Nixdorf's ABL lenders have agreed to certain other modifications and waivers to the ABL facility, allowing them to continue to work together collaboratively to develop an updated borrowing framework. The existing $250 million non-FILO ABL tranche commitments remain in place.
-
Conifex Announces Secured Revolving Credit Facility
March 21, 2023Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced today that it has entered into an amended and restated secured revolving credit facility with Wells Fargo Capital Finance Corporation Canada.
-
Gridiron Capital Portfolio Company Leaf Home Appoints Jon Bostock Chief Executive Officer
March 21, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced that its portfolio company, Leaf Home™ (“Leaf Home”) a leading technology-enabled provider of home solutions, has appointed Jon Bostock Chief Executive Officer of the company.
-
Sallyport Commercial Finance Provides Existing Oil & Gas Client with $2 Million to Further Acquisition
March 21, 2023An existing Sallyport client in the oil and gas services space has just been equipped with $2,000,000 accounts receivable finance to fund their most recent acquisition in the sector. Initially referred to Sallyport by a contact in the investment banking industry, the client is moving forward with their expansion plans, acquiring complementary businesses in the oil and gas services industry. These funds will enable them to restructure the debt incurred in acquiring the company and move progress with their growth plans
-
Pathward’s Sharmen Hall-Lengel and Stacy Sant Earn National Recognition as Leading Women in Secured Finance
March 21, 2023Pathward®, N.A., an industry leading financial empowerment company, today announced that two leaders from its Commercial Finance team, Sharmen Hall-Lengel and Stacy Sant, are profiled in the March 2023 issue of The Secured Lender, a magazine published by the Secured Finance Network (SFNet). The Women in Secured Finance feature article is published online at SFnet.com.
-
Iron Horse Credit Provides a $2 Million Inventory Line of Credit to a Hydroponic Grow Systems and Nutrients Distributor
March 21, 2023Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $2,000,000 stand-alone inventory revolving line of credit to a Hydroponic Grow Systems and Nutrients Distributor. Iron Horse was able to pay off the company’s high-interest notes and provide the California-based entity with the working capital needed to support its growth.
-
MUFG Hires Robert Ellenbogen as Senior Credit Analyst to Enhance Leveraged Finance Platform
March 21, 2023Mitsubishi UFJ Financial Group (MUFG's) (NYSE: MUFG) announced today that it has hired Robert Ellenbogen to its Leveraged Finance team as a Managing Director and Senior Credit Analyst. Ellenbogen will be responsible for delivering industry and company-specific analysis to MUFG's Leveraged Finance Platform in support of deal origination, sales and trading, and investor connectivity, with a focus on the energy sector.
-
WSFS Names 13 Associates to Senior Leadership Positions
March 21, 2023“Our Associates are the foundation of our culture and our business model, and we continue to make strategic and deliberate investments to attract, retain and develop talent,” said Michael L. Conklin, Executive Vice President and Chief Human Resources Officer.
-
Aequum Capital Provides $9.0MM in Credit Facilities to a Leading Consumer Products Retailer
March 21, 2023Aequum Capital is pleased to announce it recently closed $9,000,000 in credit facilities to a fast growing consumer products retailer. The Company is backed by a well known sponsor which recently acquired the Company. The credit facilities include a working capital revolver and a cash flow-based term loan.
-
SLR Healthcare ABL Provides $2 Million for Skilled Nursing Facility
March 21, 2023SLR Healthcare ABL is pleased to announce that it has provided a $2 million asset-based revolving line of credit to a skilled nursing facility in March 2023.
-
Amerisource Closes $4,500,000 Bridge Term Loan for Recreational Property
March 21, 2023Amerisource Business Capital announced the closing and funding of a $4,500,000 bridge term loan for a Pennsylvania-based family-operated recreational property. The proceeds were used to support the company’s seasonal operations, ongoing growth, and working capital needs.
-
Excelerate Energy Announces Amended and Restated $600 Million Senior Secured Credit Facility
March 20, 2023Wells Fargo Bank, N.A. is acting as administrative agent. Wells Fargo Securities, LLC, along with Sumitomo Mitsui Banking Corporation, DNB Markets Inc. and Credit Agricole Corporate and Investment Bank served as joint lead arrangers, with Barclays Bank PLC, Nordea Bank ABP, New York Branch, Morgan Stanley Bank, N.A., BNP Paribas and First Financial Bank as additional lenders.
-
Investor Group Led by Apollo, Together With J.F. Lehman & Company and Hill City Capital, Completes Acquisition of Atlas Air Worldwide
March 20, 2023Atlas Air Worldwide (“Atlas,” “AAWW” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced that the investor group led by funds managed by affiliates of Apollo (NYSE: APO), together with investment affiliates of J.F. Lehman & Company (“J.F. Lehman”) and Hill City Capital (“Hill City”), has completed its previously announced acquisition of the Company.
-
Local Bounti Amends Credit Agreement to Provide Additional Flexibility and Provides Select Preliminary and Unaudited Fiscal 2022 Performance
March 20, 2023Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that it amended its existing credit facility with Cargill Financial Services, Inc. ("Cargill"). Additionally, the Company announced select preliminary financial results for the year ended December 31, 2022.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
