- HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
- Spirit Airlines Gets $100 Million Lifeline Amid Restructuring
- Gridiron Announces Investment Professional Steve Lamb as Managing Director
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Rostrum Pacific Secures $150 Million in Financing from Crayhill Capital Management to Accelerate Music Catalog Growth Strategy
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Ares Commercial Finance Provides a Senior Secured Credit Facility to Hint, Inc.
Ares Commercial Finance announced today that it has provided a senior secured credit facility to Hint, Inc. The credit facility consists of an asset based revolving line of credit. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital to support growth.
TSL Express Trending Story
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SFNet Education Focus 20/20 Dynamic Educational Content is Key for Members
As the Secured Finance Network celebrates its 75th anniversary, its commitment to the education of its membership remains tantamount to the organization. Part of that commitment is making sure that secured lenders of all stripes are provided with the essential tools, training, and best practices to ensure their professional success.
TSL Express Daily Headlines & News
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Thomson Reuters Debuts Westlaw Precision
September 14, 2022Thomson Reuters today introduced Westlaw Precision, a new version of Westlaw designed to dramatically improve research speed and quality by enabling lawyers to target precisely what they are looking for: legal issues, issue outcomes, fact patterns, motion types, motion outcomes, causes of action, party types, and more. In addition to precise searching, new capabilities include expanded KeyCite functionality and optimized workflow tools.
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SMBC Nikko Securities America Appoints Joseph A. LaVorgna as New Chief Economist
September 14, 2022SMBC Nikko Securities America, Inc., a member of SMBC Group, announced today the appointment of Joseph (Joe) A. LaVorgna as Managing Director and Chief Economist.
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Churchill Asset Management Appoints Carol Loundon as Deputy Chief Risk Officer
September 14, 2022Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, today announced that Carol Loundon has been appointed Deputy Chief Risk Officer.
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Siena Lending Group Announces The Appointment Of Dillon Lounsbury As Senior Vice President Of Originations
September 14, 2022Siena Lending Group LLC ("Siena") announces the appointment of Dillon Lounsbury as Senior Vice President of Originations, to further strengthen its originations efforts. Throughout his career in asset-based lending, Dillon has worked with customers across a multitude of industries and revenue sizes ranging from $20 million to $5 billion. Based out of Charlotte, NC, Dillon will be responsible for developing and maintaining relationships, as well as originating new business throughout the Mid-Atlantic, North Carolina, and Tennessee.
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Hudson Avenue Partners Advises Bluewater And Uk-Based Pipeline Technique On Its Triple Acquisition From Stanley Black & Decker
September 14, 2022Hudson Avenue Partners (“Hudson Avenue”) is pleased to announce that Pipeline Technique Ltd. (“PTL” or the “Company”), a portfolio investment of Bluewater Private Equity (“Bluewater”), has completed a transformational acquisition of three leading energy infrastructure units, CRC-Evans, Pipeline Induction Heat and Stanley Inspection, from Stanley Black & Decker, Inc. (“SBK”).
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Doc2Doc Closes New $25 Million Warehouse Facility to Further Growth Provided by Encina Lender Finance
September 13, 2022Doc2Doc, a leading LendTech company focused on the medical space, announces the closing of a new $25 million warehouse facility to help further growth, provided by Encina Lender Finance.
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Taylor Morrison Increases Capacity Available on its Revolving Credit Facility
September 13, 2022Taylor Morrison Home Corporation ( NYSE: TMHC), a leading national land developer and homebuilder, today announced that it entered into an amended credit agreement to increase the aggregate commitment available under its revolving credit facility from $800 million to $1.0 billion. The incremental borrowing capacity provides additional liquidity and financial flexibility, and no borrowings were outstanding as of the closing date.
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Aircastle Announces Increase of Revolving Credit Facility to $1 billion
September 13, 2022Aircastle Limited ("Aircastle") announced today that it increased the size of its unsecured revolving credit facility to $1 billion from $900 million by way of a $100 million commitment from BMO Harris Bank N.A. ("BMO"). The facility expires in April 2025 and provides working capital for general corporate purposes, including aircraft acquisition.
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WireFX and Stearns Bank Announce Partnership to Enable Cross-Border Payments Share Article
September 13, 2022WireFX, a Minnesota-based fintech startup and Stearns Bank National Association (“Stearns Bank”), an independently-owned financial institution with locations in Minnesota, Florida and Arizona, announce their partnership to enable end-to-end cross-border payments for Stearns Bank retail and business customers.
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CIT Provides $50.8 Million to Seavest Healthcare Properties
September 13, 2022CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business provided $50.8 million to Seavest Healthcare Properties, LLC for the refinancing of Providence Family Wellness Center and Medical Office Building. Providence Family Wellness Center is a newly delivered 118,000 square foot medical office building and wellness center located in Hillsboro, Oregon, 12 miles west of downtown Portland.
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iMedia Brands Selects B. Riley Real Estate as Advisor for Its Sale-Leaseback Process
September 13, 2022iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced it selected B. Riley Real Estate as Advisor to manage and complete its sale-leaseback process for one or more of its owned properties. The Company is targeting a Q4 closing date.
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MUFG Expands Financing Platform to Hospitality Industry
September 13, 2022Mitsubishi UFJ Financial Group (MUFG) announced today the expansion of its restaurant-finance platform to cover hotel franchises with the hiring of two veteran bankers to its Restaurant and Hospitality Finance team, which is part of MUFG's Corporate and Investment Banking division.
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SLR Business Credit Promotes Nico LaStella from Account Executive to Assistant Vice President
September 13, 2022SLR Business Credit is pleased to announce the promotion of Nico LaStella from account executive to assistant vice president. Mr. LaStella holds a Bachelor’s degree from Bentley University and worked at another commercial finance company before joining SLR Business Credit in 2021.
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Winston & Strawn Represents WaterBridge
September 13, 2022Winston & Strawn represented WaterBridge, the largest pure play water solutions provider in the industry, in a long-term agreement with Texas Pacific Land Corporation (TPL) focused on sustainable oil and gas development and water management solutions on over 64,000 acres in core of the Delaware Basin.
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Citizens Provides $133.6 Million Loan to Longfellow Real Estate Partners
September 13, 2022Citizens announced today that its Commercial Real Estate Finance team provided a $133.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens is Sole Lead Arranger, Sole Bookrunner and Administrative Agent.
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Access Capital Provides $500,000 Credit Facility to EvenFlow Solutions
September 13, 2022EvenFlow is a Dallas–based staffing firm focusing on accounting, finance, and technical placements. The company began operations in October 2019 and is led by staffing industry veterans John Cooke and Jordan Dunn. By 2021, EvenFlow was experiencing rapid growth ultimately leading the company to realize the need for a working capital solution.
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Wingspire Capital Provides A $46 Million Credit Facility To Emcore For Add-On Acquisition
September 13, 2022Wingspire Capital LLC (“Wingspire”) is pleased to announce that it provided a $46 million senior secured credit facility to EMCORE Corporation (“EMCORE”) to facilitate EMCORE’s recent acquisition of the Inertial Navigation Systems and Fiber Optic Gyroscope business segment from KVH Industries.
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Tricolor Closes $100 Million Credit Facility with Fifth Third Bank to Support Scale
September 13, 2022Tricolor today announced the closing of a $100 million warehouse facility with Cincinnati-based Fifth Third Bank, National Association, secured by loans originated across its growing footprint, which spans five states, 20 markets and 55 retail hubs.
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Solifi Named to 2022 IDC FinTech Top 100
September 13, 2022Solifi™, a global fintech software partner for secured finance, announced it was named to the 2022 IDC FinTech Rankings. The 19th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial services industry.
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J D Factors Announces Factoring Facilities
September 12, 2022J D Factors announced the following factoring facilities: $100,000 to a staffing company in Texas; $300,000 to a transportation company in California; $200,000 to a staffing company in Quebec; $250,000 to a transportation company in Alberta
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