- Cindy Sutton joins CohnReznick as Partner and Chief People & Culture Officer
- Mountain Ridge Capital Upsizes Its Credit Facility With Wells Fargo To $400 Million
- Monroe Capital Hires Alexandra Artes-Roy as Director on Direct Originations Team
- AlixPartners Appoints Tamara Olsen as Global Head of Innovation
- Citizens Announces Expanded Role for President Brendan Coughlin
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Gordon Brothers Welcomes Nick Kitchin as Managing Director
Gordon Brothers, the global advisory, restructuring and investment firm, has welcomed Nick Kitchin as Managing Director.
Based in London, Kitchin is responsible for capital strategy and originating, structuring and executing investment opportunities in the U.K. and Europe. With over 15 years of experience in restructuring, finance, distressed investing, and mergers and acquisitions, he works with the firm’s pan-European clients to develop customized, flexible and rapid solutions across asset classes.
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Community banks play a vital role in enabling local businesses and communities to thrive. By either offering asset-based lending as part of their product off erings or partnering with a nonbank asset-based lender, community banks can off er the best of both worlds to small and mid-sized businesses. The Secured Finance Network interviewed several of its members who shared their experiences and perspectives.
TSL Express Daily Headlines & News
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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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Comvest Credit Partners Provides Second Upsize to Above Lending; Senior Credit Facility Now $220 Million
May 16, 2023Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and Sole Lender on a $220 million senior secured credit facility (the “Financing”) to Above Lending (the “Company”), a Houston-based national provider of consumer loans.
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Cascadia Capital Announces Capital Markets Advisory Practice, Expansion to Atlanta Market with Hiring of Managing Director Carle Felton
May 16, 2023Cascadia Capital, one of the nation's most active independent middle-market investment banks, announced today the formal launch of its Capital Markets Advisory practice and expansion to the Atlanta market with the hiring of Managing Director Carle Felton.
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Gridiron Capital Expands Team with New Talent
May 16, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Lauren Amos and Marlon Alebiosu to the firm as Senior Associates.
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Venator Reaches Comprehensive Agreement to Enter Prepackaged Chapter 11 to Significantly Reduce Debt and Promptly Emerge Positioned for Long-Term Growth
May 15, 2023Venator Materials PLC ("Venator" or the "Company") (NYSE: VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan.
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Athenex, Inc. Reaches Agreement With Lenders to Pursue Expedited Sales Process
May 15, 2023Athenex, Inc., a global biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies for the treatment of cancer and related conditions, today announced that, following an ongoing strategic review, it has reached agreement with its lenders to move forward with an expedited sales process of the Company’s assets across its primary businesses: Athenex Pharmaceutical Division (“APD”), Orascovery, and Cell Therapy.
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Wells Fargo Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments
May 15, 2023Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for deposits in U.S. dollars for a three-month tenor.
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Blank Rome Adds Leading Group of Litigators in New York
May 15, 2023New York City — Blank Rome LLP is pleased to welcome a leading group of litigators in its Commercial Litigation practice group in New York, bolstering the firm’s national commercial and real estate litigation offerings. The group consists of nine attorneys whose practice areas focus on two broad areas as described below. They practiced at Akerman LLP before joining Blank Rome.
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Autocar LLC, Mitsubishi HC Capital America and Chargepoint “Power UpTM” the Electrification of Severe-Duty Vehicle Fleets Through One-Stop Financing
May 15, 2023Autocar, LLC, a leading manufacturer providing custom engineered severe-duty vocational vehicles, announced today it has partnered with Mitsubishi HC Capital America and ChargePoint to provide the Power UpTM Program, a bundled vehicle financing solution designed to help customers grow their electric fleets as well as build and install charging infrastructure.
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First Internet Bank Adds Senior Business Development Officer, Further Strengthening Nationwide Reach
May 15, 2023First Internet Bank announced today that Charles Wheaton has joined the organization as Vice President, Senior Business Development Officer. With his vast experience in all facets of corporate lending, their newest member further strengthens the Bank’s Small Business Administration (SBA) team that ranks among national leaders in SBA lending.
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Hilco Performance Solutions Names Susan Stanley Continuous Improvement and Lean Manufacturing Practice Leader
May 15, 2023Hilco Performance Solutions (HPS), a management advisory firm that consists of operational and financial experts in the areas of Manufacturing, Supply Chain, Sales & Customer Experience, Organizational Design, and M&A has named Associate Director Susan Stanley to the new position of Continuous Improvement and Lean Manufacturing Practice Leader.
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Parker Hudson Expands its Litigation Capabilities into Chicago with the Addition of Todd C. Jacobs and John E. Bucheit
May 15, 2023Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is excited to announce its entry into the Chicago market. The firm is expanding its litigation capabilities with the addition of two highly regarded and experienced trial lawyers, Todd C. Jacobs and John E. Bucheit.
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Berkshire Bank Promotes Greg Saint John to SVP, Deputy Chief Credit Officer
May 15, 2023Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, announces that Greg Saint John, an experienced credit officer and banking industry veteran, was promoted to senior vice president, deputy chief credit officer & commercial credit director.
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