- Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
- Jones Day Names 33 new Partners
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
- Essex Capital Group Advises ProTelesis on $4.58 Million Debt Financing to Support Shareholder Buyout and Strategic Acquisition of AmerX Security
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Star Group, L.P. Announces New Credit Facility
The bank syndicate supporting the credit facility is comprised of ten participants acting in various capacities, with JPMorgan Chase Bank, N.A. as Administrative Agent, Bank of America, N.A. and Citizens Bank, N.A. as Co-Syndication Agents, Keybank National Association, TD Bank, N.A., BMO Harris Bank, N.A. and Wells Fargo Bank, National Association as Co-Documentation Agents, and J.P. Morgan Chase Bank, N.A., Bank of America, N.A. and Citizens Bank, N.A. as Joint Lead Arrangers and Joint Book Runners.
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Refinitiv’s director of analytics shares with readers the latest data surrounding the syndicated market.
TSL Express Daily Headlines & News
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Oportun Closes Four-Year $150 Million Senior Secured Term Loan
September 19, 2022Oportun Financial Corporation (Nasdaq: OPRT) (the “Company” or “Oportun”), a mission-driven fintech and digital banking platform, today announced that it has closed a $150 million senior secured term loan due in 2026 from funds managed or sub-advised by Neuberger Berman Specialty Finance.
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Fidelis Cybersecurity Secures Significant Additional Growth Investment From Runway Growth Capital and Skyview Capital
September 19, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, and Skyview Capital, LLC ("Skyview"), a global private investment firm specializing in the acquisition and management of mission critical enterprises in technology, telecommunications, business services and manufacturing, announced today a significant growth investment in Fidelis Cybersecurity ("Fidelis").
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CIBC Innovation Banking Provides $60 Million Debt Financing to TransMedics Group Inc.
September 19, 2022CIBC Innovation Banking is pleased to announce a new debt financing for Massachusetts-based TransMedics Group, Inc. ("TransMedics"), a market leading medical technology company that focuses on organ transplant therapy for patients with end-stage lung, heart and liver failure. TransMedics plans to use the incremental growth capital to accelerate its commercial momentum, helping to grow transplant volume and improve clinical outcomes.
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Jennifer A. Lewellyn Joins Tiger Group as Associate Director of Retail Operations
September 19, 2022Jennifer A. Lewellyn, a 22-year retail veteran with experience in both managing healthy stores and liquidating underperforming locations, has joined Tiger Group as Associate Director of Retail Operations. Based in Pittsburgh, Lewellyn will provide operational input and data to Tiger’s retail dealmaker team during the due-diligence phase. She will work on special projects, write appraisal reports and provide on-site leadership and executive representation.
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Inflation Eases For Some Small Businesses But Remains A Serious Problem
September 15, 2022The NFIB Small Business Optimism Index rose 1.9 points in August to 91.8, marking the eighth consecutive month below the 48-year average of 98 but reversing some of the declines in the first half of the year. Twenty-nine percent of owners reported that inflation was their single most important problem in operating their business, a decrease of eight points from July’s highest reading since the fourth quarter of 1979.
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Revlon Wins Approval of Insiders' Chapter 11 Bonuses
September 15, 2022Revlon Inc. received bankruptcy court approval to pay a total of between $14.5 million and $36 million in potential bonuses to eight insiders. The beauty-products business, which sought protection from creditors in June, could make the variable payments over 18 months to keep the top senior executives on board as it reorganizes in chapter 11.
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CubicFarm Systems Corp. Announces $6.25 Million Senior Secured Term Loan
September 15, 2022CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today announced that it has entered into a binding term sheet (the "Term Sheet") for a senior secured revolving term loan (the "Term Loan") to support its business operations.
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Cascadia Capital Accelerates Growth with Strategic Investment from Atlas Merchant Capital
September 15, 2022Cascadia Capital, one of the nation's most active independent middle-market investment banks, has reached a definitive agreement to secure a strategic growth equity investment from an investment fund affiliated with Atlas Merchant Capital LLC. With the additional resources from the investment and the Atlas team's support, Cascadia will continue its geographic, product, team, multi-industry and sponsor coverage growth nationwide.
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Prestige Capital Extends $3,000,000 to Expand Education Programming to the Youth of Greater Philadelphia
September 15, 2022A Philadelphia-based nonprofit organization offering education programming throughout Greater Philadelphia since 1992 was in the market for a new funding source. Their most recent source of funding went through financial difficulties of its own and was purchased by another lender that didn’t feel comfortable working with nonprofit clients.
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A Summer of Growth: Assembled Brands Welcomes 9 New Brands, Facilities Totaling Over $27MM
September 15, 2022Assembled Brands is pleased to announce $27 million in new facilities during the summer months of 2022. Dispersed to emerging consumer goods brands from various industries, the funds support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.
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New West Region SVP Lisa DeSantis Adams Brings 25+ Years Diverse Lending Experience
September 15, 2022Gibraltar proudly welcomes Lisa DeSantis Adams as the newest member of our expert business development team as an SVP and Business Development Officer for the West Region. Lisa is an experienced leader who has accrued more than 25 years’ experience working in bank and non-bank lending environments through originating, structuring and managing debt financing.
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Monroe Capital Supports Arizona Natural Resources’ Acquisition of Contract Filling Inc.
September 15, 2022Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Arizona Natural Resources’ (“ANR”) acquisition of Contract Filling Inc. (“CFI”). ANR is an existing portfolio company of CORE Industrial Partners.
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Faughnan, Former Managing Director of Operations at $15+ Billion Siguler Guff and Former Executive at Goldman Sachs, Joins Star Mountain Capital as Managing Director of Finance & Operations
September 15, 2022Star Mountain Capital, a rapidly growing, employee-owned specialized private investment firm focused on the lower middle-market with over $3 billion AUM announced that Stephen Faughnan, former Managing Director of Operations at Siguler Guff & Company, a $15+ billion AUM multi-strategy Private Equity, Private Credit and Secondary Investments Firm and former Vice President at Goldman Sachs Asset Management has joined as Managing Director of Finance & Operations
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SB360 Capital Partners To Conduct Going Out Of Business Sales In The Final Group Of 34 Olympia Sports Stores
September 14, 2022Olympia Sports, Antero Brands’ athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive consultant to conduct “Going Out of Business” sales in their remaining 34 stores. Earlier this year, SB360 began a series of strategic “Store Closing” or “Total Inventory Blowout” events in select Olympia locations with the most recent group closed in August.
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Crossroads Financial, LLC Announces Deals
September 14, 2022Crossroads Financial, LLC announced it partnered with a factoring company to provide a $4 million inventory revolving line of credit for a manufacturer of technical products for the energy market manufacturing.
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Alleon Healthcare Capital Provides a $2,000,000 Accounts Receivable Factoring Facility to a New York-Based Recruitment and Staffing Agency
September 14, 2022Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 accounts receivable factoring facility with a recruitment and staffing agency based in New York (“Company”).
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Tradewind Finance Delivers Funding to Steel Products Distributor Based in Texas
September 14, 2022Tradewind Finance, who has been serving an increasing number of clients in the commodity industry, fit the bill and provided the company with a USD 1 million facility. The facility accelerated cash flow by advancing on the company’s receivables, giving them the financial cushioning to extend payment terms to big box retailers. In addition, the company could pay suppliers faster with the additional capital on hand.
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White Oak Commercial Finance Provides Factoring Facility to Leading Menswear Company to Support Growth Through Seasonal Cyclicality
September 14, 2022White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that the firm has provided a $4 million non-recourse factoring facility to a leading menswear company. The borrower company boasts 30 years’ experience in the development, design and production of high-quality menswear, and is a family-run business with an extensive background in international sourcing and production.
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Great Lakes Business Credit Announces the Appointment of Greg Nelson as the Company’s Regional Director
September 14, 2022Great Lakes Business Credit, one of the nation’s fastest-growing non-bank asset-based financing companies, has announced the appointment of Greg Nelson as the company’s regional director. Nelson brings to Great Lakes Business Credit more than 20 years of senior-level financial and banking experience, particularly in the commercial and asset-based lending sectors.
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CIT Arranges Financing for SK Capital Investment in VanDeMark Chemical
September 14, 2022CIT, a division of First Citizens Bank, today announced that its Sponsor Finance business served as lead arranger of debt financing to support SK Capital Partners’ investment in VanDeMark Chemical in partnership with existing co-owner Comvest Partners.
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