TSL Express Daily Articles & News
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Wells Fargo Commercial Banking Names Tanner Phifer to Lead Middle Market Asset-Based Lending Origination for West Region
Wells Fargo Commercial Banking, part of Wells Fargo & Company (NYSE: WFC), announced that Tanner Phifer will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle Market ABL originations team is closely aligned with divisions across the bank to support the demand of asset-based lending, specialty lending and equipment finance solutions to the middle market segment.
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Interview with Jennifer Palmer
In January, Gerber Finance announced the completion of its CEO succession strategy, naming longtime president Jennifer Palmer as CEO with Founder Gerald Joseph transitioning to his new role as strategic advisor and chairman of the board.
TSL Express Daily Headlines & News
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DXP Enterprises, Inc. Announces Raising an Incremental $105M In Term Loan B Borrowings
November 28, 2022-DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on raising incremental $105 million Senior Secured Term Loan B (“TLB”) borrowings that will be added to the initial $330 million Term Loan B raised in December of 2020. Including the new borrowings, DXP will have $417.2 million in Senior Secured Term Loan B borrowings.
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CIBC Innovation Banking Provides $25 Million in Debt Financing to Podimetrics, Inc.
November 28, 2022CIBC Innovation Banking is pleased to announce a $25 million debt financing for Massachusetts-based Podimetrics Inc. ("Podimetrics"), an integrated clinical care service company that helps prevent amputations in patients suffering from complex diabetes. Podimetrics plans to use the growth capital to expand its commercial operations.
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Linamar Renews and Extends its Bank Credit Facility
November 22, 2022This Revolving Facility has been fully underwritten by commitments of its syndicate of Canadian and International financial institutions, led by Bank of Montreal, The Toronto-Dominion Bank, The Bank of Nova Scotia, and National Bank of Canada.
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Liberty Commercial Rebrands To Wingspire Equipment Finance
November 22, 2022Liberty Commercial Finance LLC has changed its name to Wingspire Equipment Finance LLC, adopted a new logo, and redesigned its website as it integrates with parent company Wingspire Capital Holdings LLC. Earlier this year, Wingspire Capital acquired majority ownership of Liberty to gain a fast-growing direct originations platform with nationwide reach providing equipment finance solutions to middle-market companies.
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Fordham Athletics Partners With Moritt Hock & Hamroff LLP For NIL Matters
November 22, 2022Fordham University director of athletics Ed Kull announced today a partnership with Moritt Hock & Hamroff LLP to advise the Rams with Name, Image, and likeness (NIL) matters for their student-athletes.
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Ocean Bank Closes $5 Million Factoring Facility to Hispanic Food Distributor
November 22, 2022Ocean Bank announced its Factoring Division funded a $5 million factoring facility to a rapidly growing Importer and distributor of Hispanic food brand products to companies nationwide.
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Charles River Associates (CRA) Expands Its Financial Markets Practice
November 22, 2022Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced that Ozgur B. Kan has joined CRA’s Financial Markets Practice as a vice president in the Company’s New York office.
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FTI Consulting Launches Corporate Finance & Restructuring Segment in Québec with Appointment of Restructuring Expert Martin Franco
November 22, 2022FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Québec with the appointment of restructuring expert Martin Franco as a Senior Managing Director in Montréal. The addition of the Corporate Finance & Restructuring segment in Québec expands the firm’s existing capabilities in the market, which include forensic and litigation consulting services.
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M&T Bank Names Sam Bluso as Head of Institutional Real Estate
November 22, 2022M&T Bank ("M&T") (NYSE: MTB) has appointed Sam Bluso to lead the bank's new Institutional Real Estate Group focused on expanding M&T's corporate real estate business. As Head of Institutional Real Estate for M&T, Bluso will rely on his 25 years in the real estate capital markets and institutional business to deliver lending and capital markets solutions to Real Estate Investment Trust (REIT) and Investment Real Estate Fund clients.
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Raven Raises $834mm for Credit Fund II Franchise
November 22, 2022Raven Capital Management ("Raven"), an alternative investment management firm, is pleased to announce the successful completion of the fundraising of Raven Asset-Based Credit Fund II LP and related vehicles, raising total investible capital of $834mm. In addition to the closed-end vehicle, Raven has launched an evergreen sleeve, Raven Evergreen Credit Fund II LP, which will continue to fundraise and invest in perpetuity alongside Raven Asset-Based Credit Fund II LP. Raven's private credit strategy focuses on non-sponsor, senior secured loans with an asset-based focus across North America.
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Portage Point Launches Transaction Advisory Services Practice
November 22, 2022Portage Point Partners, LLC ("Portage Point"), a leading business advisory, interim management and financial services firm, today announced the launch of a Transaction Advisory Services (TAS) practice. The TAS practice will be led by industry veterans Travis Pittman and Sandy Ryan who will be responsible for the growth and development of the new practice from offices in Chicago, Dallas, Los Angeles and New York.
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Marc Dizard Named Chief Investment Strategist of PNC Asset Management Group
November 22, 2022PNC Asset Management Group (AMG) has named Marc Dizard as its chief investment strategist. Dizard, who brings more than 15 years of experience to the Investment Office role, will oversee and drive the investment strategy and investment process vision for PNC AMG.
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Live Virtual Auction with Onsite and Online Bidding on November 30 Features 135 Tractors and Trailers
November 22, 2022“This sale is a great opportunity for buyers in the trucking, hauling, or shipping industries to acquire high-quality commercial rolling stock that is ready for immediate use,” said John Coelho, Senior Director, Tiger Commercial & Industrial. “That is especially true given today’s high prices for new tractors and trailers and the high fuel and other operational costs in the industry.”
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United Capital Funding Provides $4.5 Million Facility to Utility Contractor
November 22, 2022United Capital Funding Group LLC, a Florida-based factoring firm recently provided a $4.5 million facility to a Tennessee-based utility contractor. With this new flexible form of financing, the company was able to expand its presence in the Southeast and keep its long-time bank relationship and correlating credit line.
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Finacity, a White Oak Company, and DZ Bank Upsize Receivables Securitization For Nitron Group Llc to $165 Million
November 21, 2022inacity Corporation, a White Oak Company, (“Finacity”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch (“DZ BANK”) announce that they have successfully upsized a trade receivables securitization for Nitron Group LLC (“Nitron”), a company headquartered in Greenwich, CT. The facility is collateralized by Nitron’s receivables for fertilizer distribution and importation services in Latin America, North America, Europe, and Africa.
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SC&H Capital Seeks Buyer for E-Box, LLC
November 21, 2022By order of the U.S. Bankruptcy Court, Western District of Tennessee, Western Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to E-Box, LLC (“E-Box” or “the Company”) to seek a buyer of the Company (or its assets) that would allow operations to continue.
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SurgePays Announces Closing on $25 Million Senior Credit Facility
November 21, 2022SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved, announced it has closed on a $25 million senior secured credit facility from Affordable Connectivity Financing V LLC (“ACF V”) – a wholly-owned subsidiary of Horizon Capital LLC and affiliate of ACP Finance. Approximately $15 million of financing was provided at closing.
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Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds
November 21, 2022Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new WSFS Bank Small Business Trends study found.
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ROK Financial Announces New Chief Operating Officer
November 21, 2022ROK Financial, a leader in the alternative and commercial lending space announces the promotion of Shannon Treadwell to Chief Operating Officer. Treadwell will work alongside President Patrick Manning, overseeing the operations of the firm.
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Biodesix Announces Senior Secured Financing Agreement with Perceptive Advisors for Up to $50 Million
November 21, 2022Biodesix, Inc. (Nasdaq: BDSX), a leading data-driven diagnostic solutions company with a focus in lung disease, today announced that it has obtained a term loan facility for up to $50 million from Perceptive Advisors, a leading healthcare investment firm focused on supporting progress in the life sciences industry by identifying opportunities and directing financial resources toward the most promising technologies in modern healthcare.
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