- Prominent Restructuring Partner Morgan Patterson Joins FBT Gibbons, Further Strengthening Delaware Bankruptcy Bench
- Top California Lender Closes $7.8 Million in Acquisition Loans Across Denver and Austin
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Market Sizing Study
- Tiger Finance Provides New $25 Million Term Loan to U.S. Medical Supplies Distributor
TSL Express Daily Articles & News
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Mary Katherine DuBose Named Head of Wells Fargo’s Asset-Based Lending & Leasing Businesses
Wells Fargo & Company (NYSE: WFC) announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. DuBose reports to Kyle Hranicky, Chief Executive Officer of Wells Fargo Commercial Banking.
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PPE Funding Roundtable
Four executives from SFNet member companies discuss their experience in adapting to the surge of funding requests for personal protection equipment (PPE). TSL Express sat down with Jeff Goldrich, president and CEO, North Mill Capital; Edward King, founder and managing partner King Trade Capital; Paul Schuldiner, executive vice president and purchase order finance division manager, Rosenthal & Rosenthal; and Scott Winicour, CEO, Gibraltar Business Capital to learn more.
TSL Express Daily Headlines & News
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Fifth Third Bank Provides Kitchen Cabinet Designers, LLC With a New $35,000,000 Asset Based Lending Senior Credit Facility to Support its Growth Strategy
October 24, 2022Kitchen Cabinet Designers, LLC, dba Kitchen Cabinet Distributors, was founded in 2007 and imports and distributes kitchen & bathroom cabinets and accessories throughout the US with regional locations in Raleigh, NC; Orlando, FL; Houston, TX; and Reno, NV.
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GoDaddy Inc. Announces Refinance of Tranche B-2 Term Loans and Revolving Credit Facility
October 24, 2022GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated (i) a $1,770 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which will be used to refinance all outstanding Tranche B-2 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017.
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BMO Commercial Bank Announces Executive Appointments in Quebec
October 24, 2022René Douville has been appointed Special Advisor to the Heads of BMO Commercial Bank, Canada. Mr. Douville's appointment follows seven years as Head of Corporate Finance in Quebec and a successful track-record overseeing the growth of BMO Commercial Bank in the province. In his new role, Mr. Douville will continue to work closely with our BMO Capital Markets' partners and Private Wealth's heads of family-run businesses. The appointment is effective November 1st.
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Sound Point Capital Provides Financing to Centric Brands
October 24, 2022Sound Point Capital Management (“Sound Point”) is pleased to announce that it provided an Accounts Receivable Facility for Centric Brands (“Centric” or the “Company”), a leading global lifestyle brand collective that designs, sources and markets branded products in the apparel, accessories, beauty and entertainment categories. The transaction refinances and upsizes a similar facility that was previously held by Sound Point.
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Houlihan Lokey Strengthens European Healthcare Team With Experienced Senior Hire Rainer Hepberger Joins as a Managing Director
October 24, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rainer Hepberger has joined the firm as a Managing Director in its European Healthcare team. He will be based in the firm’s London office.
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Capital on Tap Gets $110M Credit Facility to Build Central Finance Hub
October 20, 2022Global FinTech Capital on Tap has secured a $110 million corporate revolving credit facility and said it will use the funding to build a central finance hub that will help small businesses in the United States and the United Kingdom manage all aspects of their business finances.
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Oxford Finance Provides $124.75 Million Credit Facility for the Acquisition of Four Autumn Lake Healthcare Skilled Nursing Facilities in Maryland
October 20, 2022Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $124.75 million senior credit facility for the acquisition of four Autumn Lake Healthcare Skilled Nursing Facilities (“Autumn Lake” or “the Company”) located in Maryland containing 520 licensed beds.
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Insmed Announces Strategic Financings Totaling $775 Million
October 20, 2022Insmed has entered into a $350 million senior secured term loan agreement with funds managed by Pharmakon Advisors, LP, a leading investor in non-dilutive debt for the life sciences industry and the investment manager of the BioPharma Credit funds (the "Term Loan"). The five-year Term Loan matures in October 2027. The Term Loan bears interest at a rate based upon the secured overnight financing rate (SOFR), subject to a SOFR floor of 2.5%, in addition to a margin of 7.75% per annum.
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Flexport Capital Secures $200 Million Credit Facility from KKR
October 20, 2022Flexport Capital, the trade financing arm of Flexport, today announced it has secured a credit facility of up to $200 million from separate insurance accounts managed by KKR, a leading global investment firm. The credit facility will allow Flexport Capital to continue to build an industry-leading financing product within the Flexport Platform, and to further invest in client growth and geographic expansion.
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Castlelake Aviation Lending Completes Two Transactions Totaling $100 Million
October 20, 2022Castlelake, L.P. ("Castlelake"), a global alternative investment firm with approximately 17 years of experience investing in, financing and managing aviation assets, today announced that it has deployed $100 million through two ne transactions in its Aviation Lending Program.
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SR Alternative Credit, LLC Completes a $10 Million Senior Secured Financing for a Shipping Container Owner-Lessor
October 20, 2022SR Alternative Credit, LLC (“SRAC”), formerly Old Hill Partners, today announced a deal that provided $10 million in the form of a senior secured one-year term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among other transportation equipment.
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Victory Park Capital Announces $100 Million Credit Facility for Consumer Payments Platform Nelo
October 20, 2022Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, today announced it has provided a $100 million credit facility to Nelo, a consumer payments platform for online purchases in Mexico.
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MidWestOne Names Charles N. Reeves as New CEO
October 20, 2022MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced that its Board of Directors has named Charles (Chip) N. Reeves, 54, as its new Chief Executive Officer (CEO), effective November 1, 2022. Reeves succeeds Charlie Funk, who is retiring following a successful 22-year career with the organization.
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Sound Point Capital and LBC Credit Management Support the Acquisition of Unirac, Inc.
October 20, 2022Sound Point Capital Management, LP (“Sound Point”) and LBC Credit Management, L.P. (“LBC”), two of the leading providers of financing solutions to middle market companies, provided a $180 million senior secured credit facility to Greenbelt Capital Partners (“Greenbelt”) to support the acquisition of Unirac, Inc. LBC served as Agent and Lead Arranger for the senior secured credit facility. Sound Point served as Co-Lead Arranger.
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Monroe Capital Supports NationsBenefits’ Acquisition of DeliverLean
October 20, 2022Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support NationsBenefits’ acquisition of DeliverLean by private equity sponsors General Atlantic, The Pritzker Organization, and Denali Capital LLC.
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nFusion Capital Releases Q3 Results
October 20, 2022nFusion Capital provided 39 new factoring, inventory finance, and asset based lending facilities during the third quarter of 2022 for an aggregate of $14 million, and $102 million in receivables purchased.
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TD Bank Finances $18 Million to Support YMCA of Delaware
October 19, 2022TD Bank, America’s Most Convenient Bank®, announced today that it provided a $18 million, tax-exempt loan to YMCA of Delaware for the construction of a new facility in Middletown. The loan was completed by Matthew Barnes, TD Bank Relationship Manager, and Lisa Kirkwood, Regional Vice President of Delaware, TD Bank.
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Summit Investment Management Welcomes Catie Vuksich to the Team
October 19, 2022Catie Vuksich joins Summit as a director based in Denver, CO. Her responsibilities include deal sourcing, underwriting, and asset management. Prior to Summit, Catie spent eleven years at Wells Fargo primarily as a member of the Credit Resolution Group focused on distressed credits.
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Concord Serves as Exclusive Financial Advisor and Arranges $12MM in Senior Debt
October 19, 2022Concord Financial Advisors, LLC announced it served as the exclusive financial advisor and arranged $12MM in senior debt for Purr-Ferred PetFood LLC, headquartered in Boca Raton, FL. Purr-Ferred PetFood LLC has sourced proteins from around the world for the major national pet food manufactures for 23 years. The Company’s plant, located in Anchorage, Alaska, processes salmon, cod, halibut and ocean white fish for distribution throughout the U.S.
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Cadence Bank Reveals New Brand Identity and Website
October 19, 2022Cadence Bank (NYSE: CADE) today announced the launch of its new brand identity and corporate website, underscoring its continued commitment to helping people, companies and communities prosper and delivering on its brand promise of creating ease for customers.
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