- SouthStar Capital Funds $2 Million Invoice Factoring Facility for Growing U.S. Manufacturer
- Grindr Amends, Extends, and Upsizes Credit Facility to $600 Million
- Market Sizing & Impact Study
- Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
- Origis Energy Closes $290 Million Financing for Swift Air Solar II and III Projects with Natixis CIB and Santander
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Mountain Ridge Capital Announces New Executive Hires
Mountain Ridge Capital, an asset-based commercial finance company, announced the hiring of Bill Drmacich and Jay Fabian as Managing Directors of Business Development.
Drmacich, an industry veteran, is responsible for business in the Southeast market from Atlanta where he has been a member of the community for over 25 years. Prior to joining Mountain Ridge, Fabian was a Senior Originator with First Merchants Bank and during the 15 years before that, was a highly valued contributor at Stonegate Capital and Wells Fargo.
Drmacich, an industry veteran, is responsible for business in the Southeast market from Atlanta where he has been a member of the community for over 25 years. Prior to joining Mountain Ridge, Fabian was a Senior Originator with First Merchants Bank and during the 15 years before that, was a highly valued contributor at Stonegate Capital and Wells Fargo.
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Reaching the Top: C-Suite Women in Secured Finance Roundtable
What does it take to break the proverbial glass ceiling in secured finance? What does the journey to the “top” look like for women in financial services? We interviewed four C-Suite women and here is what they had to say. The women we spoke with are Meredith Carter, president and CEO, Context Business Lending; Miin Chen, COO, Siena Lending Group; Deborah Monosson, president & CEO, Boston Financial & Equity Corporation; and Jennifer Yount, partner, Paul Hastings LLP.
TSL Express Daily Headlines & News
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ALX Oncology Enters $100 Million Loan Facility Agreement with Oxford Finance and Silicon Valley Bank to Support Ongoing Development of Evorpacept
November 1, 2022ALX Oncology Holdings Inc., (“ALX Oncology”) (Nasdaq: ALXO) a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, today announced it has entered into a loan facility agreement with Oxford Finance LLC and Silicon Valley Bank for up to $100 million of non-dilutive financing. The facility will support the continued development of evorpacept, a next generation CD47 blocking therapeutic.
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Monroe Capital Supports QHP Capital’s Acquisition of AutoCruitment
November 1, 2022Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of AutoCruitment, LLC (“AutoCruitment”) by QHP Capital L.P., the management company for NovaQuest Private Equity.
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Survey: M&A Forecast Remains Strong Despite Rising Interest Rates
November 1, 2022A new Grant Thornton LLP survey of merger and acquisition (M&A) professionals finds that almost three-fourths (72%) expect deal volume to increase over the next six months, despite rising interest rates threatening access to capital and uncertainty about a potential increase in capital gains taxes. Almost two-thirds (63%) of the more than 150 respondents said pending tax legislation could have a positive impact on their deal plans.
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SLR Healthcare ABL Provides Financing to Remote Patient Monitoring Service
November 1, 2022SLR Healthcare ABL is pleased to announce that it provided financing to a remote patient monitoring service $5,000,000 asset-based revolving line of credit.
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Yoshitsu Co., Ltd Announces New Revolving Credit Facility to Support Future Growth
October 31, 2022Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, today announced that on September 27, 2022, the Company entered into a JPY8.15 billion (approximately US$55.82 million) revolving credit facility agreement (the “Credit Agreement”) with a syndicate of Japanese banks to support the Company’s growth initiatives.
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William Blair Expands Investment Banking Team With Managing Director in Supply Chain and Commercial Services
October 31, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that it has expanded its investment banking team with the addition of David Hatch. Joining in Charlotte as a managing director on the supply chain and commercial services (SCCS) team, Hatch draws on a career spanning more than 15 years focused on clients across the supply chain services sector.
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SLR Equipment Finance Adds to its Underwriting Team with Jessi McMillen Hire
October 31, 2022Jessi McMillen joined SLR Equipment Finance as Assistant Vice President - Risk. In her new role, Jessi will utilize her prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s evolving financial solutions platform.
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SG Stonegate Capital Announces Senior Debt Investment in Smith Teamaker
October 31, 2022SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Smith Teamaker, a leading U.S. brand of specialty and artisan tea products.
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EMERGE Announces Amendment of Credit Facility
October 31, 2022EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a diversified acquirer and operator of niche e-commerce brands, is pleased to announce that is has signed an amendment of its credit facility with its existing lender.
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Kin Secures $145 Million in Debt Financing to Fuel Continued Growth
October 31, 2022-Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC (“Runway”) and the Avenue Venture Opportunities Fund, L.P. ("Avenue Venture Debt Fund" or "Avenue"), provides Kin with additional capital to support the expansion of the Kin Interinsurance Network, a reciprocal exchange.
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Cynergy Business Finance Named Asset Based Lending Team of the Year
October 31, 2022After a record start for the business, Cynergy Business Finance (CBF) has been named Asset Based Lending Team of the Year at Insider’s North West Dealmakers Awards. Despite having only operated for 10 months during the qualifying period, the judges commended the exceptional growth of the business, describing it as a ‘knockout performance’ for the Manchester-based team
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Harbor Group International Provides Senior Mezzanine Loan for Manhattan Medical Office Development
October 31, 2022Harbor Group International, LLC ("HGI"), a privately-owned international real estate investment and management firm, today announced it has provided a $90 million senior mezzanine loan to Extell Development Company ("Extell") to finance the construction of 1520 First Avenue, a 30-story, 420,000 rentable square foot office building in Manhattan's Upper East Side.
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Wainio Joins First National Bank as Senior Relationship Manager
October 31, 2022First National Bank, the largest subsidiary of F.N.B. Corporation, announced this week that it has hired Richard Wainio as senior vice president and senior relationship manager for its Business Credit group, based in the Cleveland Region.
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Fortress Investment Group Ranked 2nd Fastest-Growing Alternative Investment Brand in 2022 Alts 50 Report by Peregrine Communications
October 31, 2022Fortress Investment Group LLC (“Fortress”) was ranked as the 2nd fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications. The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management).
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Cambridge Savings Bank Provides Artist & Craftsman Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives
October 31, 2022Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that its Asset-Based Lending team provided a $4 million revolving line of credit to Artist & Craftsman Supply (A&C), a national provider of arts and crafts supplies headquartered in Portland, Maine.
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eCapital Provides $20MM Working Capital Line of Credit to Popular Consumer Packaged Goods Company
October 31, 2022eCapital Corp. (“eCapital”), a leading finance provider for businesses across North America and the U.K., today announced the recent closure of a $20 million working capital line of credit to a prominent consumer packaged goods (CPG) company in the natural odor elimination category.
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CEOs Offer a Contrarian View Remaining Moderately Optimistic about Company Outlook
October 31, 2022In the latest Fortune/Deloitte CEO Survey, CEOs share more modest growth expectations over the next 12 months, fine-tuning strategies around talent, workplace, and technology models to adapt to new conditions.
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B. Riley Securities Expands Healthcare & Life Sciences Investment Banking
October 31, 2022B. Riley Securities, Inc., a leading full service investment bank and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), today announced it has added a team of nine experienced Healthcare and Life Sciences professionals from Huron Transaction Advisory LLC ("Huron"). Veteran investment bankers, James Metcalf and Benjamin Matz, have joined B. Riley Securities along with a team of investment banking professionals with significant expertise that further fortifies the firm's Healthcare and Life Sciences practice.
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Solifi Selected for Great Places to Work List by The Secured Lender
October 31, 2022Solifi™, a global fintech software partner for secured finance, announced The Secured Lender named Solifi to its inaugural 2022 Great Places to Work list. This recognition is testament to Solifi’s commitment in attracting and retaining talent through a range of initiatives, including an entrepreneurial company culture, competitive compensation, diversity, equity, and inclusion (DEI), work-life balance, and attractive perks.
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Verano Refinances $350 Million Credit Facility with Significant Optionality to Bolster Strategic Growth Plans
October 31, 2022Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it has entered into a credit agreement to refinance its existing $350 million credit facility, extending the maturity date to October 30, 2026. The refinanced indebtedness bears interest at a floating rate based on the prime rate, with a current rate of 12.75% per annum.
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