- Trinity Capital Inc. Provides $35 Million in Growth Capital to Monteris Medical to Support Neurosurgical Technology Advancements
- Tiger Group Announces Major Geotechnical Equipment Auction
- Essex Capital Group Closes $2.75 Million Short-Term Bridge Facility
- MUFG Announces Participation in Refinancing of $3 Billion Capital Structure for Atlas Renewable Energy
- Franklin Capital Announces Promotion of Steven Damon to Senior Vice President of Operations and A/R Department Head
TSL Express Daily Articles & News
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White Oak Global Advisors, LLC, (“WOGA” or “the firm”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively “White Oak”), provided over $1 billion in loans across all platforms between January 1 and June 30, 2022. The total dollar amount accounts for the combined value of 45 separate transactions to middle and small middle market businesses across a wide array of industries, representing a highly diversified deal flow.
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This article analyzes the conflict between federal and state marijuana laws, and its impact on the inability of state-legal marijuana businesses to obtain traditional and fundamental types of banking services from federally insured banks. The article is divided into three parts: (i) an explanation of the conflict of state and federal marijuana laws; (ii) the effect of the conflicting laws on the decision of banking institutions to provide services to state-licensed marijuana businesses; and (iii) congressional and judicial attempts to resolve the conflict between state and federal marijuana laws.
TSL Express Daily Headlines & News
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With Expansion, Great Lakes Business Credit Rebrands With Expansion, Great Lakes Business Credit Rebrand
January 31, 2023Great Lakes Business Credit, one of the nation's fastest-growing alternative commercial finance companies, has announced a rebranding, with the new name of Bridge Business Credit. Under its new name, the Bridge Business Credit team of experienced financial professionals will serve operating companies located throughout the Central and Eastern U.S. time zones.
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eCapital Healthcare Division Closes $172.6 Million in 2022
January 31, 2023eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., today announced that eCapital Healthcare delivered $172.6 million in newly originated credit facilities for businesses in the healthcare industry in 2022.
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First Citizens Bank Provides $52.4 Million to Finance Portfolio of Medical Office Building Properties
January 31, 2023First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, has provided $52.4 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties.
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Huntington Business Credit Provides $25 Million Credit Facility for Vanguard International Solutions, Inc.
January 31, 2023Huntington Business Credit announced it closed a $25,000,000 new credit facility with Vanguard International Solutions, Inc. on December 30, 2022. Vanguard International Solutions, Inc., headquartered in Cleveland, Ohio, is a wholesale distributor of medical and food-grade disposable gloves and related Personal Protective Equipment primarily to the food service, medical, and janitorial industries.
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MidCap Business Credit Closes $5 Million Facility for Coated and Bonded Abrasive Products Manufacturer
January 31, 2023MidCap Business Credit announced today they have closed on an $5,000,000 asset-based credit facility to a manufacturer and supplier of coated and bonded abrasive products throughout North America, Canada, and Mexico. The credit facility is supported by advances against accounts receivable and inventory.
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Bluestone Announces Extension of Credit Facility to Advance the Cerro Blanco Gold Project
January 30, 2023Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the "Company") is pleased to announce that it has extended the term of the previously announced US$30,000,000 loan (the "Loan") with Zebra Holdings and Investments S.à.r.l, and Lorito Holdings S.à.r.l (the "Lender") that was due to expire March 11, 2023 (see March 14, 2022 press release).
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Martin Midstream Partners Announces Amendment To Revolving Credit Facility
January 30, 2023Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) announced today that its wholly owned subsidiary, Martin Operating Partnership L.P., as borrower, MMLP and certain of MMLP’s other subsidiaries, as guarantors, entered into an amendment to MMLP’s existing revolving credit facility (as so amended, the “Amended Credit Facility”).
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Siena Healthcare Finance Hires NYC-Based Business Development Officer
January 30, 2023Siena Healthcare Finance is pleased to announce the addition of Brendan Tully as NYC-based business development officer. Located in New York City, Brendan spent three years as a field examiner for PNC Business Credit before joining Chesapeake Corporate Advisors then B.C. Ziegler & Company as an investment banking analyst focused on mergers and acquisitions.
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Crown Partners Arranges $16 Million Financing for Arsenal Funding
January 30, 2023Crown Partners LP announced that Arsenal Funding, a merchant cash advance funder headquartered in West Palm Beach, FL, has closed on $16 million of bank financing to continue growing its funding portfolio. Since 2021, Crown Partners has served as exclusive financial advisor to Arsenal. During this time, Crown has facilitated Arsenal’s capital objectives, including arranging financing from two commercial banks, and establishing a strategic forward flow funding relationship with a private credit fund.
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New Chubb and National Center for the Middle Market Survey Finds Middle Market Economic Confidence Rebounds from 2022 Mid-Year, but Still Trailing 2021 Historical Averages
January 30, 2023New data released from Chubb and the National Center for the Middle Market (NCMM), reveals a rebound in middle market economic confidence from mid-year 2022, but confidence has yet to return to the historical levels experienced in 2021. More than half of middle market companies expressed a notable optimism about the potential for 2023 revenue growth.
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Harris Williams Advises Prima Solutions on its Sale to Total Specific Solutions
January 30, 2023-Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Prima Solutions on its sale to Total Specific Solutions (TSS), a subsidiary of Topicus.com (TSXV:TOI; Topicus) and part of Constellation Software Inc. (TSX:CSU; Constellation). Prima Solutions is a leading European insurtech company that helps insurance professionals transform existing legacy systems and streamline core business processes, thereby speeding up their digital transformation.
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KBRA Assigns Preliminary Ratings to Monroe Capital ABS Funding II, LP
January 30, 2023KBRA assigns preliminary ratings to five classes of debt issued by Monroe Capital ABS Funding II, LP (MCAF II), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. MCAF II is an approximate $378.4 million securitization managed by Monroe Capital Management Advisors, LLC (“Monroe” or the “Collateral Manager”), an affiliate of Monroe Capital LLC.
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Loomis Signs a Three-year Credit Facility of EUR 150 Million
January 30, 2023Loomis AB has signed an agreement for a syndicated, revolving credit facility of EUR 150 million. The facility has a tenor of three years with two extension options of one year each. The lead arrangers are Bank of America, Danske Bank, NatWest, Nordea Bank and Société Générale.
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Permira to Acquire Acuity Knowledge Partners From Equistone
January 30, 2023Acuity Knowledge Partners (“Acuity”), a leading provider of high-value research, analytics and business intelligence to the financial services sector, today announces that funds advised by Permira, the global private equity firm, have acquired a majority stake in the business from Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity investors. Equistone will reinvest in Acuity as a minority shareholder.
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Atlantic Union Bank Names New Chief Information Officer
January 30, 2023Atlantic Union Bank has named Matt Linderman as its new Chief Information Officer. Linderman, 48, will be responsible for providing leadership, planning and management for all areas of technology and digital strategy, development and implementation.
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J D Factors Announces Factoring Facilities
January 30, 2023J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in California; $400,000 to a transportation company in Quebec; $250,000 to a transportation company in New Jersey; $500,000 to a transportation company in Pennsylvania...
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Bibby Financial Services Appoints Martin King to Head-up Corporate Sales and Partnership Strategy
January 30, 2023The UK’s largest independent invoice finance provider, Bibby Financial Services (“BFS”) has appointed Martin King as Head of Corporate Sales, Strategy and Partnerships as it continues to grow its support for SMEs and advisors throughout the UK. With over twelve years’ experience in providing asset based lending and cashflow solutions, Martin joins BFS from BOOST&Co, where he developed growth and venture debt funding for SMEs. Prior to this, he held senior ABL roles with Lloyds Bank and NatWest Group.
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TCC Financial Closes U$30.8 Million Senior Secured Term Loan To Support Heavy Equipment Rental Company's Growth Needs
January 30, 2023TCC Financial, Inc. (TCC), the US lending division of Travelers Capital Corp., a Canadian asset-based lender, is pleased to announce the successful closing of a US $30.8 million senior secured term loan facility to support the growth and development needs of a leading heavy equipment rental business headquartered in California.
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Dwight Capital & Dwight Mortgage Trust Close Over $191MM in Seniors & Healthcare Financing During Q4 2022
January 30, 2023Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, financed over $191MM in seniors and healthcare financing during Q4 2022. Featured among the transactions are bridge loans for a Skilled Nursing Facility (“SNF”) Portfolio in Florida and a SNF Portfolio in Georgia.
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Abacus Finance Provides Senior Debt Financing to Support the Growth Recapitalization of Mobility Market Intelligence by WestView Capital Partners
January 30, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the growth recapitalization of Mobility Market Intelligence (“MMI”) by WestView Capital Partners. Additionally, Abacus made an equity co-investment in MMI.
The Secured Lender
SFNet's The Women in Secured Finance Issue



