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TSL Express Daily Articles & News

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Crown Partners Arranges $50 Million Senior Debt Facility for Inseego Corp.

Crown Partners LP announced that Inseego Corp. (“Inseego”), has closed on a $50 million senior debt facility with Siena Lending Group LLC.  Crown Partners served as exclusive financial advisor to Inseego in connection with this transaction. 

Headquartered in San Diego, CA Inseego (Nasdaq: INSG) is an industry leader in intelligent device-to-cloud solutions that extend the 5G network edge, enabling broader 5G coverage, multi-gigabit data speeds, low latency, and strong security to deliver highly reliable internet access.

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Eileen Wubbe 150x150
PPE Funding Roundtable
Four executives from SFNet member companies discuss their experience in adapting to the surge of funding requests for personal protection equipment (PPE). TSL Express sat down with Jeff Goldrich, president and CEO, North Mill Capital; Edward King, founder and managing partner King Trade Capital; Paul Schuldiner, executive vice president and purchase order finance division manager, Rosenthal & Rosenthal; and Scott Winicour, CEO, Gibraltar Business Capital to learn more.

TSL Express Daily Headlines & News

  • SC&H Capital Seeks Buyer for E-Box, LLC
    November 21, 2022
    By order of the U.S. Bankruptcy Court, Western District of Tennessee, Western Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to E-Box, LLC (“E-Box” or “the Company”) to seek a buyer of the Company (or its assets) that would allow operations to continue.
  • SurgePays Announces Closing on $25 Million Senior Credit Facility
    November 21, 2022
    SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved, announced it has closed on a $25 million senior secured credit facility from Affordable Connectivity Financing V LLC (“ACF V”) – a wholly-owned subsidiary of Horizon Capital LLC and affiliate of ACP Finance. Approximately $15 million of financing was provided at closing.
  • Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds
    November 21, 2022
    Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new WSFS Bank Small Business Trends study found.
  • ROK Financial Announces New Chief Operating Officer
    November 21, 2022
    ROK Financial, a leader in the alternative and commercial lending space announces the promotion of Shannon Treadwell to Chief Operating Officer. Treadwell will work alongside President Patrick Manning, overseeing the operations of the firm.
  • Biodesix Announces Senior Secured Financing Agreement with Perceptive Advisors for Up to $50 Million
    November 21, 2022
    Biodesix, Inc. (Nasdaq: BDSX), a leading data-driven diagnostic solutions company with a focus in lung disease, today announced that it has obtained a term loan facility for up to $50 million from Perceptive Advisors, a leading healthcare investment firm focused on supporting progress in the life sciences industry by identifying opportunities and directing financial resources toward the most promising technologies in modern healthcare.
  • First Commonwealth Financial Corporation Receives Regulatory Approval for Centric Financial Corporation Merger
    November 21, 2022
    First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has received all regulatory approvals required to complete the previously announced merger of Centric Financial Corporation (“Centric”) with and into First Commonwealth and the merger of Centric Bank with and into First Commonwealth Bank.
  • First Foundation Inc. Announces Senior Management Appointments
    November 21, 2022
    First Foundation Inc. (NASDAQ: FFWM), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that Chief Executive Officer, Scott F. Kavanaugh, has been named President of First Foundation Inc. and First Foundation Bank, effective immediately.
  • FTI Consulting Launches Corporate Finance & Restructuring Segment in Québec with Appointment of Restructuring Expert Martin Franco
    November 21, 2022
    FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Québec with the appointment of restructuring expert Martin Franco as a Senior Managing Director in Montréal. The addition of the Corporate Finance & Restructuring segment in Québec expands the firm’s existing capabilities in the market, which include forensic and litigation consulting services.
  • Huron Amends and Extends Senior Secured Credit Facility
    November 21, 2022
    “We are committed to driving long-term shareholder value through our focused growth strategy. This amended and restated credit facility provides the capacity, pricing, and flexibility to support our growth and ongoing capital requirements,” said John D. Kelly, chief financial officer of Huron. “The ongoing commitment from Bank of America, JPMorgan Chase Bank, N.A., and PNC Bank, National Association, as well as our entire syndicate of lenders, reflects their confidence in Huron and our strategy.”
  • Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of Summit Clinical Research by LongueVue Capital
    November 21, 2022
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of Summit Clinical Research, LLC by LongueVue Capital. Additionally, Abacus made an equity co-investment in Summit Clinical Research.
  • Gregory M. Shumaker Becomes Eighth Managing Partner of Jones Day
    November 21, 2022
    Stephen J. Brogan, Jones Day's Managing Partner since 2002, today announced that, effective January 1, 2023, Gregory M. Shumaker will become Jones Day's next Managing Partner, only the eighth Managing Partner in the Firm's 130-year history. Mr. Shumaker graduated from Brown University and the University of Notre Dame Law School, where he was Notes Editor of the Law Review. He has spent his entire career with the Firm in its Washington Office.
  • Finacity Facilitates Venture Debt Funding Program for Immersive Gamebox
    November 21, 2022
    Finacity Corporation (“Finacity”), a White Oak Company, announced that it has successfully completed the facilitation of a new venture debt program for Immersive Group Gaming, Inc. (t/a Immersive Gamebox). The new facility provides funding for the rapidly expanding operator of innovative immersive gaming experiences across the US and EMEA. The first tranche discounted future receivables for an amount of USD 12.0 million.
  • Kroll Adds Valuation Expert Brad Edwards as Managing Director
    November 21, 2022
    Kroll has hired Brad Edwards, an experienced valuation professional, as a managing director in its valuation advisory services practice. Based in Houston, Edwards brings more than 20 years of experience valuing businesses, intangible assets, and equity securities. He specializes in the oil and gas industry, including companies in upstream, midstream, downstream, and oilfield services.
  • Cerebro Capital Wins Moxie Award for its Innovative Growth Strategy
    November 21, 2022
    Cerebro Capital, a commercial loan marketplace, today announced it has received the Moxie Award for showing innovation and boldness at every phase of its growth strategy. From 140 finalists, Cerebro was recognized as the winner in the Financial Services category in the DC metropolitan area. Through a multi-step process, applicants were evaluated on innovation, growth, industry leadership, community service, and local achievements.
  • Santander Bank Offering Healthcare Equipment Financing as Part of Commercial Finance Expansion
    November 21, 2022
    Santander Bank, N.A. today announced the expansion of its Commercial Equipment and Vehicle Finance business to include commercial equipment financing to healthcare organizations. The new, nationwide offering will provide financing for state-of-the-art medical technology and equipment to hospitals and health systems, out-patient clinics, and specialized providers.
  • Kingsway Secures Additional $6 Million in Bank Financing Related to CSuite Acquisition
    November 21, 2022
    Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced the successful completion of an amendment to its October 1, 2021 credit agreement with AvidBank, resulting in additional borrowing of $6 million and a commensurate distribution in cash to Kingsway.
  • KeyCorp Announces Retirement of Chief Financial Officer, Donald R. Kimble and Names Chief Strategy Officer, Clark H.I. Khayat, as Successor
    November 21, 2022
    KeyCorp (NYSE:KEY) announced that Donald R. Kimble, Chief Financial Officer (CFO) and Chief Administrative Officer, will retire on May 1, 2023. He will be succeeded by Clark H.I. Khayat, currently Chief Strategy Officer.
  • Greater Commercial Lending Appoints Former SBA Senior Loan Underwriter as Vice President, Credit Administration
    November 21, 2022
    Greater Commercial Lending (GCL) announced that Ben Powell has joined as Vice President, Credit Administration. He will lead GCL's credit administration team, coordinating between GCL and lending partners to build and maintain successful loan packages and relationships. A subsidiary of Greater Nevada Credit Union (GNCU), GCL provides loans to businesses and organizations in under-served and rural communities.
  • Citizens Advises North American Kitchen Solutions, Inc. on its Acquisition by Valesco Industries, LLC
    November 18, 2022
    Citizens M&A Advisory announced today that it served as the exclusive financial advisor to North American Kitchen Solutions, Inc., a portfolio company of Weinberg Capital Group, on its acquisition by Valesco Industries, LLC. Founded in 1987 and headquartered in Elyria, OH, NAKS is the leading omnichannel, factory-direct one-stop-shop supplier of customized commercial kitchen hoods, fire suppression systems, fans and other complementary products.
  • Winston & Strawn Represents Quantum FinTech Acquisition Corporation
    November 18, 2022
    Winston & Strawn is representing Quantum FinTech Acquisition Corporation (NYSE: QFTA), a publicly traded special purpose acquisition company, in their announced business combination with AtlasClear, Inc. and Atlas Fintech Holdings Corp. which will result in Atlas FinTech transferring its trading technology assets to AtlasClear and the acquisition by AtlasClear as part of the initial business combination.

 

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