- Associated Bank Expands Commercial Banking Presence in Dallas
- Midcap Financial Provides $95 Million Credit Facility to Made By Gather
- Stellus Capital Management Closes Stellus Credit Fund IV
- Export Import Bank of the United States Approves $2.9 Billion Loan for Development of Perpetua Resources' Stibnite Gold Project
- TSL Feature Articles
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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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In March, when the world suddenly and completely switched to “virtual” everything, quick, yet thoughtful, decisions had to be made by SFNet’s leadership and staff to ensure the Association could fulfill its mission of bringing together and representing those who provide the capital that fuels our economies.
“As it became clear that COVID was causing a seismic shift in just about every aspect of our professional and personal lives, the well-being of our staff and the SFNet Community became our priority. We also had to find creative ways to bring critical information to our members, as changes were occurring with head-spinning speed. In addition, it was vital for SFNet to continue to facilitate the connections that are so important now, during this time of social distancing,” said SFNet CEO Rich Gumbrecht. “We recognized the urgency of addressing our members’ most-pressing needs through impactful advocacy, providing crucial conversations through online events and sharing relevant and timely content."
TSL Express Daily Headlines & News
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AG Twin Brook Capital Income Fund Launches with More Than $800 Million in Assets
January 9, 2023--Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $52 billion alternative investment firm focused on credit and real estate investing, today announced that AG Twin Brook Capital Income Fund (“TCAP” or the “Fund”) has launched with more than $800 million in total assets. TCAP is a non-traded business development company (“BDC”) that has approximately $530 million in equity and over $1 billion in total investment commitments at launch.
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Experienced Transactional Lawyer Brandon Jones Returns to Haynes Boone
January 9, 2023Transactional lawyer Brandon Jones has returned to Haynes and Boone, LLP as a partner in the Business Planning & Tax Practice Group. He will be based in the firm’s Fort Worth office. Brandon has provided sophisticated legal advice for more than 20 years and has represented clients in a broad range of transactional matters, including M&A transactions, public and private offerings, formation of legal entities, negotiating and drafting joint venture agreements, as well as tax planning and structuring across a variety of industries, such as real estate, energy, entertainment, healthcare, hospitality, finance, insurance, retail, waste recycling and disposal, and car wash and auto detailing.
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Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in December
January 9, 2023Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in December. The facilities were: a $4 million limit to a privately-owned manufacturer of specialty beverage dispensers; a $6 million limit for a family and private equity owned manufacturer of specialty equipment and a $3 million limit for a private equity owned company providing installation and repair of residential and commercial roofing systems
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Heritage Bank Appoints New Executive Vice Presidents and Announces the Retirement of Cindy Hirman, Executive Vice President, Chief Banking Officer
January 9, 2023eritage Bank ("Heritage" or "Bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce the appointment of Matt Ray as Executive Vice President Chief Lending Officer, Amy Curran as Executive Vice President Director of Commercial Banking, Kelli Wilson as Executive Vice President Chief Banking Officer and Sabrina Robison as Executive Vice President Chief Human Resources Officer. Robison assumed her new executive title in September 2022, while Ray, Curran and Wilson assumed their new executive roles on January 1, 2023. Wilson will succeed Cindy Hirman who is scheduled to retire in April 2023.
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Sound Point Capital Provides Financing to Support Salute Mission Critical’s Acquisition of Iconicx
January 9, 2023Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent and sole lender on a first lien senior secured credit facility to Salute Mission Critical (“Salute” or the “Company”) for its acquisition of Iconicx Critical Solutions (“Iconicx”).
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FTI Capital Advisors Enhances Healthcare M&A Expertise with the Addition of Three Senior Professionals
January 9, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the continued expansion of FTI Capital Advisors (member FINRA/SIPC), the firm’s wholly owned investment banking subsidiary, with the addition of Rod Rivera as a Senior Managing Director and David Baker and Roger Kahn as Managing Directors.
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Churchill Closes $737 Million Junior Capital Opportunities Fund II, Exceeding $500 Million Target
January 9, 2023Churchill Asset Management LLC, an investment-specialist of Nuveen, today announced that it has completed fundraising for Churchill Junior Capital Opportunities Fund II (the “Fund”) with $737 million of limited partner commitments, exceeding its original target of $500 million and well above the size of its $300 million predecessor fund.
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Individual Chapter 13 Filings Increase 32 Percent in Calendar Year 2022
January 9, 2023Commercial Chapter 11 filings increased 2 percent to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13 percent jump from the 1,263 filings recorded in 2021.
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Amerisource Closes $1,000,000 Bridge Loan for Renewable Energy Services Firm
January 9, 2023Amerisource Business Capital announced the closing and funding of a $1,000,000 bridge loan facility for a Texas-based renewable energy services firm. The proceeds were used to support the company’s growth and working capital needs.
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JPMorgan Chase Survey: Most Businesses Expect Recession in 2023
January 9, 2023The majority of small and midsize U.S. business leaders anticipate a recession in 2023, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook survey released today. In total, 65% of midsize businesses and 61% of small businesses expect a recession in the year ahead.
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J D Factors Announces Factoring Facilities
January 5, 2023J D Factors announced it provided the following factoring facilities: $250,000 to a transportation company in California; $120,000 to a transportation company in Ohio; $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Illinois.
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Gridiron Capital Completes Partnership with Esquire Deposition Solutions
January 5, 2023Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced that it has completed its investment in Esquire Deposition Solutions (“Esquire” or the “Company”), a leading national provider of remote and in-person court reporting, video, and interpreting services for corporate and law firm clients.
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Schulte Roth & Zabel Advises Lovell Minnick Partners and National Auto Care in Sale to APCO Holdings, LLC
January 5, 2023Schulte Roth & Zabel LLP advised Lovell Minnick Partners (LMP) and National Auto Care (NAC) in connection with the sale of NAC to APCO Holdings, LLC (APCO), a portfolio company of Ontario Teachers' Pension Plan. LMP is a private equity firm focused on investments in financial services, financial technology, and related business services.
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Alvarez & Marsal Expands its Valuation Services Practice With Three New Senior Directors
January 5, 2023Leading global professional services firm Alvarez & Marsal (A&M) has announced the appointments of Senior Directors Timothy Byhre in Chicago and Garrett Sussman and Matthew Bohlin in New York to the Valuation Services practice (VS).
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Prominent Banking Partners Join Latham & Watkins in New York
January 5, 2023Latham & Watkins LLP1 is pleased to announce that Corey Wright and Lisa Collier have joined the firm's New York office as partners in the Banking Practice. Both partners represent banks and other financial institutions in a broad range of complex leveraged finance transactions, including high-yield bond, debt and equity offerings, asset-based lending transactions, acquisition financings, and other bank loan financings.
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Brightwood Capital Advisors Provides Debt Financing to Morgan Stanley Capital Partners’ Impact Fitness
January 5, 2023Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced that it has provided debt financing to support the continued growth and expansion of Impact Fitness (“Impact” or the “Company”), a portfolio company of Morgan Stanley Capital Partners (“MSCP”).
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Amerisource Closes $3,000,000 Working Capital Facility For Manufacturer
January 5, 2023Amerisource Business Capital announced the closing and funding of a $3,000,000 working capital facility for a Maryland-based manufacturer of hermetic packages, microelectronic housings, and assemblies. The proceeds were used to support the company’s growth and working capital needs.
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Sallyport Commercial Finance Provides $850,000 for a Project Management Business
January 4, 2023In a deal that closed in 2022 for Sallyport Commercial Finance, a US project management business has been equipped with an $850,000 accounts receivable facility. Referred to Sallyport by its contact in investment banking, the company has some tremendous growth opportunities. They anticipate more than doubling their employees from 27 to 60 this year. Each employee generates revenue for the business but has to be paid before they generate any revenue for the company, and this poses an obvious cashflow challenge.
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Crown Partners Arranges $75 Million Senior Debt Facility for HOP Energy
January 4, 2023Crown Partners LP announced that HOP Energy, LLC, (“HOP”), a portfolio company of Delos Capital, has closed on a $75 million senior debt facility. Crown Partners served as exclusive financial advisor to HOP in connection with this transaction. Headquartered in White Plains, NY, HOP is a market‐leading home services provider, delivering heating distillates and performing installation and services of HVAC, heat pumps and other critical home systems.
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MidCap Financial Closes $150mm Senior Revolving Credit Facility to Trusted
January 4, 2023MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $150mm senior revolving credit facility to Trusted MidCo, LLC (“Trusted,” “Trusted Health,” or “Company”). The MidCap Financial credit facility includes an uncommitted option to increase the total facility size to up to $239mm. Proceeds from the MidCap Financial credit facility were used to refinance the Company’s prior credit facility and to provide for the business’ ongoing working capital needs.
The Secured Lender
SFNet's The Women in Secured Finance Issue



