- Trinity Capital Inc. Provides $35 Million in Growth Capital to Monteris Medical to Support Neurosurgical Technology Advancements
- Baker Garrington and Liquid Capital Announce Recent Financings
- RelPro Partners with the National Center for the Middle Market to Power Deeper Insights and Outreach
- SLR Healthcare ABL Provides Financing to a Sleep Medicine Provider
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SLR Digital Finance LLC (“SLR Digital Finance”) announces the funding of an asset-based revolving credit facility for DeepIntent. The facility consists of a $40MM revolver with a sublimit for unbilled receivables.
As one of the pioneers in advertising technology for healthcare marketers, DeepIntent and its 220+ dedicated employees across four different countries have built a robust healthcare advertising platform that empowers marketers to plan, activate, and optimize their digital ad campaigns on a single platform.
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SFNet’s recent Virtual International Lending Conference offered insight on the effects of the COVID-19 crisis from geopolitical risk consultant, David Chmiel, co-founder/managing director, Global Torchlight; Marc Finer, director, Debt Advisory Group, KMPG LLP; Scott Fuller, director, Valuations, Gordon Brothers; Richard Hawkins, CEO, AtlanticRMS and Robert Horak, managing director, Lincoln International. David Morse, partner, Otterbourg P.C. and Richard Kohn, principal, Goldberg Kohn Ltd. served as conference moderators.
TSL Express Daily Headlines & News
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WebBank Announces Kelsey Hardy named SVP - Business Development
January 23, 2023WebBank is pleased to announce the appointment of Kelsey Hardy as the Senior Vice President – Business Development. Kelsey joined WebBank in December 2015, bringing more than ten years of business development, contract structuring, negotiating and oversight experience. During her tenure at the Bank, Kelsey has held various positions in Compliance, Due Diligence & Implementation and most recently, as Vice President - Business Development.
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Audax Private Debt Closes Audax Direct Lending Solutions Fund II, LP With $4.5 Billion of Investable Capital
January 23, 2023Audax Private Debt (“Audax”), a leading provider of financing solutions for middle market private equity sponsors, announced today that it successfully closed Audax Direct Lending Solutions Fund II, LP (“DLS Fund II”) with $3.0 billion of capital commitments. The new fund, which reached its hard cap, exceeded its fundraising target of $2.25 billion and, including targeted leverage, provides New York-based Audax Private Debt with $4.5 billion of total investable capital.
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Greater Commercial Lending Completes $80 Million in Financing for Expansion and Renovation of Lane Regional Medical Center
January 23, 2023Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in rural communities, has completed $80 million in financing for Lane Regional Medical Center in Zachary, Louisiana. The loan package, guaranteed by the U.S. Department of Agriculture (USDA), will go towards renovating and expanding the existing hospital facility.
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Ares Capital Corporation Appoints Jana Markowicz as Chief Operating Officer
January 23, 2023Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Jana Markowicz was appointed as its Chief Operating Officer (COO). In this newly created role, Ms. Markowicz will also serve as COO of Ares Management’s (“Ares”) U.S. Direct Lending strategy where she will collaborate with the U.S. Direct Lending Co-Heads and Investment Committee members in the management of the team and strategy.
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Commercial Funding Inc. Closes $3 Million Factoring Line for Growing Security Company
January 23, 2023Commercial Funding Inc., a national provider of accounts receivable financing, including invoice factoring, and asset based lending, has closed a $3 million factoring facility for a rapidly growing provider of security services.
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Main Street Announces Increase in Commitments Under its Credit Facility
January 19, 2023Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the expansion of total commitments under its revolving credit facility (the "Credit Facility") from $920.0 million to $980.0 million. The $60.0 million net increase in total commitments was the result of the addition of a new lender relationship.
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United Capital Funding Provides $2.5 Million Post-petition Debtor-In-Possession Financing
January 19, 2023United Capital Funding Group LLC, a Florida-based factoring firm with offices in Chicago recently provided a $2.5 million Debtor-In-Possession (DIP) facility to a California-based sports equipment wholesaler. With this new flexible form of financing, the wholesaler could work through its post-petition plan of reorganization and maintain its long-standing relationship with its major retail customer.
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Assembled Brands’ Facilities Reach Over $100MM in 2022
January 19, 2023Assembled Brands announced five new partnerships and roughly $12MM in new facilities during the winter months of last year, dispersed to emerging consumer brands from multiple industries. The funds support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses faced due to economic uncertainty in 2022.
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First Citizens Bank Arranges $44.2 Million of Debt Financing for Navios Maritime Partners L.P.
January 19, 2023First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. (“Navios Partners”). Proceeds from the financing, which is secured by product tankers, will be used by Navios Partners to refinance existing debt.
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First Business Bank Funds $10 Million Factoring Facility to Transportation Brokerage
January 19, 2023First Business Bank announces that its accounts receivable financing team recently funded a $10 million accounts receivable ledgered Line facility to a client operating as a transportation brokerage.
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Pegasus Airlines Closes the First-ever Sustainability-linked Aircraft-secured Term Loan with Ex-Im Support
January 19, 2023Pegasus Airlines closed the first ever sustainability-linked aircraft-secured term loan (“SLL”), which was guaranteed by UK Export Finance for the financing of ten new Airbus A321neo aircraft. The transaction was led by Societe Generale, acting as global arranger, sustainability structurer, facility agent and security trustee.
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Forum Mobility and CBRE Investment Management Announce $400 Million Joint Venture and $15 Million Series A Targeting Equitable Electrification of Heavy-Duty Port Transit
January 19, 2023Forum Mobility, a zero-emission trucking solutions provider, today announced the closure of a $15 million Series A funding round, and a new $400 million joint venture, both led by a fund sponsored by CBRE Investment Management, to provide comprehensive, zero-emission charging and vehicle solutions to drayage truck fleets and drivers. Homecoming Capital also participated in the Series A funding round and provided $100 million to the joint venture.
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Scott Hansen Joins William Blair as Associate Director of Research
January 19, 2023William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the expansion of the equity research team with the addition of Scott Hansen as associate director of research. Based in New York, Hansen will work closely with and report to William Blair’s director of research, John Kreger.
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Phoenix Lending Survey Results Reveals Inflation is Expected to Continue to Impact the Economy Well into 2023
January 19, 2023Phoenix’s Q4 2022 “Lending Climate in America” survey asked lenders how the average consumer will approach their holiday spending. The majority of lenders, sixty percent, believe an increase in prices will result in less holiday spending, but will not result in a material decrease from prior years. The other forty percent of the lenders surveyed believe that consumers will reduce their Q4’22 spending, which will have the greatest effect on small business relying on holiday revenue.
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RelPro Enhances Platform with Expanded Medical Practice & Form 5500 Data
January 19, 2023RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, today announced the integration of two new datasets into its platform: one to expand its coverage of medical practices, and the other to add details of corporate employee benefits programs.
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Great Rock Capital Closes $20 Million Credit Facility with Jet East
January 18, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $20 million senior secured credit facility with Jet East, a Gama Aviation Company. Jet East is a one of the nation’s leading aviation maintenance providers for scheduled maintenance, unscheduled on-demand mobile maintenance, and related services in the areas of structural and component repairs, composite work, non-destructive testing, and paint capabilities.
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Enviva Announces Closing of Term Loan Facility
January 18, 2023-Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the closing of a senior secured term loan facility (the “Term Loan”) in the amount of $105 million, maturing in June 2027. Borrowing rates under the Term Loan are variable and calculated as SOFR plus 400 basis points. Enviva intends to use the net proceeds from the Term Loan to reduce borrowings under its senior secured revolving credit facility.
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Gridiron Capital Partners with Legacy Service Partners
January 18, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced a growth investment in Legacy Service Partners, LLC (“Legacy” or the “Company”), a leading provider of residential heating, ventilation, and air-conditioning (HVAC), plumbing, and electrical services. Financial terms of the partnership were not disclosed.
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BMO Receives Regulatory Approval to Acquire Bank of the West
January 18, 2023BMO Financial Group (TSX: BMO) (NYSE: BMO), and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. (together, "BMO"), today announced it has received all regulatory approvals required to complete its acquisition of Bank of the West from BNP Paribas (XPAR: BNP). BMO anticipates the acquisition will close on February 1, 2023, subject to the satisfaction of customary closing conditions.
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SLR Digital Finance Closes $2 Million Credit Facility for Alpha Precision Media
January 18, 2023SLR Digital Finance announces the completion of a three-year accounts receivable based credit facility for Alpha Precision Media, a leading advertising technology company providing managed service campaigns across the Amazon Ads ecosystem. Alpha drives results for its advertisers by planning, buying, and executing Connected TV and Digital Media campaigns on Amazon. They’re the only certified Minority-owned Business Enterprise with full-platform access across the Amazon ecosystem.
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