- SFNet Outlines Next Steps on Proposed Basel III Bank Capital Rules
- Asset-Based Lending & Factoring Surveys
- Clifford Chance Accelerates US Growth With Partner Adriana Zhan
- Republic Business Credit Adds Jerry Friedrichs as Senior Vice President to Strengthen Underwriting Excellence
- Shane McDonald Joins Cahill’s London Office as Leveraged Finance Partner
TSL Express Daily Articles & News
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Hilco Global announced today that Ward Mooney, a highly regarded deal originator, lender, and thought leader in the financial services sector, will join the Hilco Global executive leadership team on September 5, 2022. In this new role as Executive Vice President and Senior Advisor, Mr. Mooney will work closely with the Hilco Global senior management team at the holding company while collaborating with the firms operating companies as they continue to grow and expand its diversified suite of financial services solutions.
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The onset of the pandemic has certainly changed the fundraising and investing landscape for private equity and other types of alternative financing. While most acknowledge that the lack of face-to-face meetings has made the fundraising process and due diligence on deals more difficult, the PE industry and related players remain a resilient lot. Even with the country’s shutdown and the resulting economic problems, private equity firms are prioritizing their existing portfolios, working to figure out ways to shore up these companies.
TSL Express Daily Headlines & News
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SC&H Capital Retained in Buyer Search for Trinity Regional Hospital Sachse
January 24, 2023SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to seek a buyer for Trinity Regional Hospital Sachse, LLC (“TRHS”). TRHS is a newly constructed, turnkey facility located off the President George Bush Highway in Sachse, TX, a medically underserved area considered to be one of the fastest growing communities in the Dallas area.
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Serta Simmons Bedding Takes Decisive Actions to Strengthen Financial Position and Drive Long-Term Growth
January 24, 2023Serta Simmons Bedding, LLC (“SSB” or the “company”), one of the leading global sleep companies, today announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth.
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Alerus Adds Commercial Banking Team
January 24, 2023Alerus is pleased to announce the expansion of its commercial banking team with the addition of three new employees. The industry veterans bring a combined 70 years of financial industry experience to Alerus, with extensive expertise in the commercial banking vertical.
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EisnerAmper Announces 2022 Innovation Challenge Winners
January 24, 2023EisnerAmper, a leading global business advisory firm, is pleased to announce the winners of its second annual 2022 Live Innovation Challenge, an annual competition bringing EisnerAmper professionals together to develop innovative product and service offerings that address important business issues and client challenges.
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SFNet Submits a Letter in Response to the Consumer Finance Protection Bureau’s (“CFPB”) Request for Comments
January 24, 2023SFNet has submitted a letter in response to the Consumer Finance Protection Bureau’s (“CFPB”) request for comments regarding the CFPB’s position that the recent regulations enacted by California’s Department of Financial Protection and Innovation in support of the California’s Commercial Disclosure Act.
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SFNet Learns the Final Regulations Pertaining to CFPB Section 1071 of Dodd-Frank, Could Prove to be Unduly Burdensome
January 24, 2023SFNet has learned the final regulations pertaining to CFPB Section 1071 of Dodd-Frank, which could prove to be unduly burdensome to the vast majority of small and mid-sized finance companies that provide credit to small businesses, are expected to be issued on or before March 2023. Note that while factoring was previously exempted, we remain concerned that it could change in the final regulations.
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Jones Day’s Andy Levine, Randi Lesnick, and Vica Irani to lead Firm’s Corporate Practice
January 24, 2023The global law firm Jones Day today announced that Andy Levine, Randi Lesnick, and Vica Irani will lead the Firm’s newly structured Corporate Practice. As practice leaders, they will coordinate and oversee the Firm’s transactional work worldwide, including both the Firm’s M&A and Private Equity sub-practices. These appointments, which are part of the implementation of a strategic, long-term planning process, set the stage for future growth of a transactional practice that has a two-decade record of acting on more deals than any other law firm.
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Matthew Gurany Joins Sallyport Commercial Finance, LLC Team
January 24, 2023Matthew Gurany has joined as VP of business development and brings a wealth of business banking experience with him. He has been in the banking and finance industry for 28 years with a focus on business and commercial lending
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Aypa Power Secures $320 Million Corporate Credit Facility
January 23, 2023Aypa Power ("Aypa"), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, has closed $320 million of letter of credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as Coordinating Lead Arrangers and Joint Bookrunners. The facility will support the development and commercialization of Aypa's 15+ GW project pipeline across North America.
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Alloy Capital Raises US$100 Million Secured Credit Facility from Victory Park Capital
January 23, 2023Alloy Capital is pleased to announce that it has entered into a US$100 million senior secured credit facility (the "Facility") with Victory Park Capital ("VPC "). The Facility will enable Alloy Capital to finance the origination of structured finance loans in Mexico. Alloy Capital financing solutions target the largely untapped need for credit by companies in Mexico, offering tailored loans with flexibility in terms and repayment schedules.
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NFI Completes Financing Agreements with the Government of Manitoba and Export Development Canada
January 23, 2023FI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today announced that it has finalized agreements for the previously announced financial support package of approximately $1871 million with the Manitoba Development Corporation, an entity that provides financial services and financial instruments on behalf of the Province of Manitoba, and Export Development Canada (“EDC”), Canada’s export credit agency.
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Republic Bank Appoints Michael LaPlante as Senior Vice President, Chief Accounting Officer
January 23, 2023Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today has announced the appointment of Michael LaPlante as Senior Vice President, Chief Accounting Officer, effective January 17, 2023. Mr. LaPlante will be an integral leader on the finance team overseeing the Company's accounting functions, and will report directly to Chief Financial Officer, Michael Harrington.
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Greystone Elevates Rich Martinez to Head of Agency Lending Production
January 23, 2023Greystone announced Rich Martinez has been promoted to Head of Production, Agency Lending, after joining the firm in 2022 as Executive Managing Director, Multifamily Sales & Production. In this new role, effective immediately, Mr. Martinez will lead all Agency loan origination efforts, particularly market-rate multifamily for Fannie Mae and Freddie Mac, for which Greystone is a top lender.
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Boxed, Inc. Announces Up to $20 Million of New Financing
January 23, 2023Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler, today announced it entered into a second lien secured term loan facility with a lender (the “Lender”) that provided $10 million of new funding to the Company at close.
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McGuireWoods Appoints New Office Managing Partners in Four Cities
January 23, 2023Jeffrey Chapman is the firm’s new office managing partner in New York. He succeeds partner Noreen Kelly, who served in the role since 2015 and recently became chair of the firm’s nationally recognized Government Investigations & White Collar Litigation Department. In Chicago, Yuan-Ying Hsu succeeds Christina Egan, who was office managing partner since 2016. Brian Kahn is the new office managing partner in Charlotte.
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CoBank Quarterly: Inflation is Beginning to Loosen its Grip
January 23, 2023The U.S. economy will progressively slow through the first half of 2023 and fears of a recession are still high, and still warranted. Inflation and interest rate increases intended to combat swiftly rising prices are behind the broad economic slowdown. But with the unemployment rate at a 53-year low and inflation trending lower, forecasts are turning at least a little less gloomy.
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Stonebriar Commercial Finance Promotes Jon Dahlfors to Director
January 23, 2023Stonebriar Commercial Finance (“Stonebriar”) today announced the promotion of Jon Dahlfors to the position of Director - Credit. Dahlfors will continue to report to Sr. Managing Director – Credit, Jeff C. McCoy. Following his graduation from the University of Kansas with a BS in accounting, Dahlfors began his career as an analyst at Guggenheim Partners in 2014.
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Leading Private Equity Practitioner Nick Marchica Joins Dechert's New York Office
January 23, 2023Dechert LLP announced today that accomplished private equity lawyer Nick Marchica will join its New York office as a partner in the corporate group. Mr. Marchica's arrival continues Dechert's U.S. private equity and private credit expansion over the past year, following the additions of David Cosgrove in Charlotte; Nicole Macarchuk in San Francisco; William Robertson, Kevin Zaragoza and En-Min Chua in New York; and including 12 of the firm's 17 recently promoted partners.
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SetPoint Medical Announces Expanded $65M Credit Facility to Support Development of the Company’s Novel Platform for Rheumatoid Arthritis
January 23, 2023SetPoint Medical, a clinical-stage healthcare company dedicated to patients with chronic autoimmune diseases, today announced a senior secured term loan facility of up to $65 million from Runway Growth Capital LLC (“Runway”), a leading provider of growth loans to both venture and non-venture backed companies. The loan is an expansion of an existing credit facility with Runway. The company recently announced an $80 million equity financing to advance its novel platform for the treatment of autoimmune disease.
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InterNex Capital Funds $1.55 Million Term and Revolving Loan Package to Consulting Firm
January 23, 2023InterNex Capital announces the funding of a dual $1.55 million term loan and revolving line of credit to a NY-based consulting firm. The firm launched its technology consulting services in 2021 and had explosive growth in 2022.
The Secured Lender
SFNet's The Women in Secured Finance Issue



