- Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
- Armory Securities, LLC Announces the Successful Closing of a Credit Facility for Copper Cane Wines & Provisions
- Soltage Closes $80 Million Syndicated Development Revolver Facility to Accelerate Solar & Storage Deployment
- nFusion Capital Provides $2 Million Factoring Facility for a Staffing Company
TSL Express Daily Articles & News
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Stepan Company Executes $450 Million Credit Facility Agreement
Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks. JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers.
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Trade Finance Insights: Financing Trade Receivables Beyond ABL or Factoring
A Demica senior director explains how trade receivable securitization programs can be used as a valuable alternative to other funding solutions, especially in cross-border or challenging credit environments.
TSL Express Daily Headlines & News
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Funding Societies Signs US$50 Million Credit Facility with HSBC to Drive SME Growth in Southeast Asia
August 22, 2022Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, today announced the signing of a US$50 million credit facility* with HSBC Singapore to continue expanding the firm's reach to serving underserved SMEs in the region.
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Final Bell Holdings International Ltd. Enters Into Us$25 Million Term Loan Facility And Provides Corporate Update
August 22, 2022Final Bell Holdings International Ltd. (the "Company") is pleased to announce today that it has entered into a loan agreement (the "Loan Agreement") dated August 17, 2022 with Golden Iris International Limited (the "Lender"), which provides for a senior secured term loan facility of US$25 million (the "Term Loan").
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Rockland Trust Adds Pascuccio, Rathkamp to Danvers Commercial Loan Team
August 22, 2022Rockland Trust has added Tony Pascuccio and Jeff Rathkamp as VP commercial loan officers in its Danvers office. Pascuccio brings over three decades of experience in the financial services industry, including lending, management and development. Rathkamp brings nearly three decades of experience in the financial services and commercial lending, including specialty finance related to the energy sector.
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AlixPartners Names Dan Ritter Chief Financial Officer
August 22, 2022AlixPartners, a global management consulting firm, has promoted Dan Ritter to chief financial officer. Based in Southfield, MI, Ritter will lead AlixPartners’ finance function globally and will join the firm’s senior management team.
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9 MH&H Attorneys Named Best Lawyers in America® & Best Lawyers Ones to Watch in America® For 2023
August 22, 2022Best Lawyers in America has recognized nine Moritt Hock & Hamroff attorneys in its 2023 edition. Six attorneys were included in The Best Lawyers in America® and three attorneys were included in The Best Lawyers: Ones to Watch in America®.
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CIBC Announces Dallas Team Changes
August 22, 2022CIBC today announced three new team members in its growing Dallas office. Brent Currier is appointed head of the CIBC Private Wealth, US, office in Dallas. Wendy Holder is named Managing Director and Texas Commercial Group Manager, CIBC US Commercial Banking. Frank Bonet is named Managing Director and Senior Relationship Manager with the Commercial Banking team’s US Asset-based Lending Group.
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Greystone Places $52.5 Million in Debt and Equity Financing for Senior Housing Community
August 22, 2022Greystone, a leading national commercial real estate finance company, placed a total of $52,560,000 in debt and equity construction financing for a 180-unit senior housing community in Gainesville, Florida. The transaction was originated by Cary Tremper and Matt Miller of Greystone, on behalf of Discovery Senior Living.
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O2 Sponsor Finance provides $41.5MM Credit Facility to Support Borgman Capital's Gilman Cheese acquisition of Dairyfood USA
August 22, 2022O2 Sponsor Finance, a division of Old Second National Bank, today announced that it acted as Administrative Agent and Lead Arranger for $41.5 in senior secured credit facilities to support Borgman Capital's portfolio company Gilman Cheese Corporation in its acquisition of Dairyfood USA. (together the "Company").
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F&F Capital Group Names Industry Veteran Kevin McKenzie as Chief Investment Office
August 22, 2022F&F Capital Group, an innovative investment firm specializing in real estate, technology, and aviation investments, has named Kevin McKenzie as its new Chief Investment Officer. The F&F family office, where McKenzie will be based, was established by Jeffrey Frieden and Robert Friedman, founders of Auction.com and Ten-X Commercial.
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High Tide Secures Commitment Letter from Connect First Credit Union for Non-Dilutive Financing
August 22, 2022High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has entered into a binding commitment letter with Connect First Credit Union Ltd. (“connectFirst”) for a $19 million credit facility with an initial 5-year term (the “Credit Facility”), at connectFirst’s floor interest rate.
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Northern Trust Appoints Jose M. Perez Senior Lending Officer in South Florida Market
August 22, 2022Northern Trust Appoints Jose M. Perez Senior Lending Officer in South Florida Market MIAMI – Northern Trust has appointed Jose M. Perez Senior Lending Officer of the South Florida Market. He will be responsible for a significant diversified loan and deposit portfolio comprised of domestic and international clients, including affluent families and closely held companies.
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BlueTape Raises $55M to Transform Financing and Payments for SMBs in the Construction Industry
August 22, 2022BlueTape, a leading payments and financing provider for the construction industry, today announced the closing of a $50M debt funding led by Arcadia Funds and a $5M seed round led by Chicago Ventures. Other investors include construction industry executives, real estate developers, and Plug and Play Ventures.
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Hilco Corporate Finances Announces Addition of Teri Stratton as Senior Managing Director and National Practice Leader for Restructuring and Special Situations
August 22, 2022Ms. Stratton will serve as Senior Managing Director in Corporate Finance and the National Practice Leader of Special Situations. Ms. Stratton is a nationally prominent investment banker and restructuring advisor. She joins the Hilco Corporate Finance team to lead the growth of the special situations and restructuring practice. Ms. Stratton will be based in Los Angeles.
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SLR Healthcare ABL Provides Financing to a Freestanding ER Operator
August 22, 2022SLR Healthcare ABL is pleased to announce it has provided a $4 million asset-based revolving line of credit to a freestanding ER operator.
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Bridget Anderson Named Senior Vice President, Originations for Siena Lending Group
August 22, 2022Siena Lending Group LLC ("Siena") announces the appointment of Bridget Anderson as senior vice president of Originations, to further strengthen its originations efforts throughout the Midwest. Bridget joins Siena from PNC Business Credit where she held various roles in underwriting, portfolio, and business development.
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Commercial Finance Partners Announces Expansion of its Direct Funding Programs
August 22, 2022Commercial Finance Partners is pleased to announce the expansion of its direct funding programs. It is providing accounts receivable financing for small businesses seeking cash flow solutions, typically focusing on smaller businesses who sometimes get ignored by larger lenders. Commercial Finance Partners has relocated its operations internally to Boca Raton, Florida, and is pleased to announce a new hire, Laurie Henriquez, who will serve a senior account executive.
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Torex Gold Announces Increased and Extended Credit Facilities
August 22, 2022Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has finalized a credit agreement with a syndicate of Banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.
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Gran Tierra Energy Inc. Announces New Credit Facility
August 22, 2022ran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million.
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Kingswood Capital Management Acquires Support Services Group Inc., a Leading Global Provider of Outsourced Customer Experience Solutions
August 22, 2022Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Support Services Group, Inc. ("SSG" or "the Company"), an industry-leading provider of global omnichannel contact center solutions. SSG's founding ownership group will continue post-transaction as minority owners of the Company.
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J D Factors Announces Factoring Facilities
August 22, 2022J D Factors announces it has provided the following factoring facilities: $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Quebec; $350,000 to a transportation company in California; $300,000 to a transportation company in New Jersey.
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