- Tiger Group to Auction Assets from Closed Xytel Plant Starting March 10
- Eagle Point Holds Final Close on its Defensive Income Fund III, Exceeding its Original Hard Cap
- Trinity Capital Inc. Provides $20 Million in Growth Capital to Emboline, Inc. to Advance Interventional Heart Procedure Technology
- Eagle Point Provides Strategic Financing to Heritage Energy Storage for Distributed Generation Platform
- Essex Capital Group Closes $2.75 Million Short-Term Bridge Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
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.
TSL Express Trending Story
Featured
SFNet Sends Letter to SBA and Treasury in Support of Non-bank Lenders Under CARES Act
SFNet’s CEO submitted a letter to US Treasury Secretary Mnuchin and Administrator Carranza of the Small Business Administration, seeking affirmation of eligibility of non-bank lenders under the CARES Act. The letter seeks to further ensure that non-bank lenders are afforded all available protections under the Act as regulations are now established and implemented.
(Editor’s note: Subsequent to this letter, the SBA has issued its ‘Interim Final Rule’ that makes businesses identified in 13 CFR 120.110, which includes financial services companies, ineligible for the Paycheck Protection Program. SFNet will be seeking any recourse available to press the SBA to amend this position)
TSL Express Daily Headlines & News
-
Alto Ingredients, Inc. Enters Into $125 Million Term Loan Facility to Accelerate Business Transformation
November 8, 2022The term loan allows for periodic draws in an aggregate amount up to $100 million, with an additional $25 million available subject to satisfying certain conditions. Guggenheim Securities, LLC acted as lead placement agent and lead arranger and RBC Capital Markets, LLC acted as arranger for the senior secured term loan facility.
-
New York Community Bancorp, Inc. Receives Final Regulatory Approval For The Acquisition Of Flagstar Bancorp, Inc.
November 8, 2022New York Community Bancorp, Inc. and Flagstar Bancorp, Inc. today announced that NYCB has received regulatory approval from the Federal Reserve Board to complete its previously announced acquisition of Flagstar Bancorp, Inc.. On October 28, 2022, NYCB and Flagstar announced the receipt of regulatory approval from the Office of the Comptroller of the Currency to convert Flagstar Bank, FSB to a national bank to be known as Flagstar Bank, N.A. and to merge New York Community Bank into Flagstar Bank, N.A.
-
Calumet Completes Working Capital Funding for Montana Renewables
November 8, 2022Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) today announced the closing of two transactions that together fund the working capital needs of Montana Renewables LLC (MRL). A Supply and Offtake Agreement (SOA) with Macquarie Commodities and Global Markets provides inventory monetization for renewable feedstocks and products, as well as intermediation services connected with the purchase of renewable feedstocks.
-
Catalio Capital Management Raises Inaugural Special Situations Fund to Provide Creative Financing to Category-defining Healthcare Companies
November 8, 2022Catalio Capital Management, LP (“Catalio”), a leading multi-strategy life sciences investment firm, today announced the successful close of its inaugural special situations fund, Catalio Credit Opportunities Fund I (the “Fund”) with over $85 million in commitments from new and existing institutional investors globally, including leading family offices, endowments, foundations and insurance companies.
-
HighVista Strategies Closes Opportunistic Private Credit Fund II
November 8, 2022HighVista Strategies, LLC (“HighVista”) announced the final close of its HighVista Opportunistic Private Credit Fund II LP (“Fund II”). HighVista closed on $450mm of capital for Fund II and related entities, exceeding the target for the fundraise. Fund II had strong support from existing clients including pension funds, endowments and foundations, and family offices.
-
FibroGen Announces $50 Million Royalty Monetization Financing with NovaQuest Capital Management
November 8, 2022FibroGen, Inc. (NASDAQ: FGEN) today announced a royalty monetization financing with NovaQuest Capital Management (NovaQuest) that will result in proceeds to FibroGen in the amount of $50 million, bringing non-dilutive capital to drive innovation and growth. Morgan Stanley & Co. LLC acted as the sole structuring agent and Goodwin Procter LLP acted as counsel to FibroGen. Wyrick Robbins Yates & Ponton LLP acted as counsel to the investor.
-
Ares Capital Corporation Prices Public Offering
November 8, 2022Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 8,000,000 shares of its common stock. Ares Capital has granted the underwriters an option to purchase up to an additional 1,200,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on November 10, 2022.
-
Runway Growth Capital Announces a $75 Million Credit Facility With Brivo Systems
November 8, 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, today announced the closure of a long-term senior secured credit facility of $75 million to Brivo Systems LLC ("Brivo"), a leading provider of cloud-based access control and smart building technologies.
-
Sallyport Commercial Finance Provides $1.5 Million Accelerates Rapid Growth for Oil Services Business
November 8, 2022Sallyport Commercial Finance is pleased to announce $1,500,000 in accounts receivable finance for a U.S. oil and gas services business. The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue acquiring complementary businesses in the oil and gas space and expand to offer a comprehensive range of services to the industry.
-
Celtic Capital Corporation Provides Funding Electrical and Mechatronic Parts Distributor
November 8, 2022Celtic provided a $1,000,000 accounts receivable line of credit, a $500,000 inventory line of credit and a $152,000 equipment loan to facilitate the refinancing.
-
Sandy Feldman Joins Summit Investment Management
November 7, 2022Sandy Feldman joined Summit in 2022 as Managing Director Acquisitions based in Atlanta, GA. His responsibilities include business development and deal sourcing. Prior to Summit, Sandy spent 22 years working with clients through bankruptcy, workouts and other special situations.
-
Michael Khan Joins Pinnacle Bank as Executive Vice President, Senior Lending Officer
November 7, 2022Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, CA, announced today that Michael Khan has joined the bank as Executive Vice President, Senior Lending Officer.
-
Canada's Ritchie Bros to Buy Auto Retailer IAA in $7.3 bln Deal
November 7, 2022Canada's Ritchie Bros Auctioneers Inc (RBA.TO), which sells heavy industrial equipment, on Monday agreed to buy U.S.-based vehicle marketplace IAA Inc (IAA.N) in a deal valued at about $7.3 billion, including debt. The cash-and-stock deal, which includes about $1 billion of debt, will allow Ritchie to tap into a growing market for heavy machinery and equipment, salvaged cars, trucks and motorcycles, as well as auto parts.
-
Acrisure Announces Incremental Term Loan Facility
November 7, 2022-Acrisure, LLC (the “Company”) announced today that it has closed a senior secured incremental term loan facility in an aggregate principal amount of $1 billion (the “incremental term loans”). The incremental term loans will constitute a new tranche of term loans under the Company’s existing credit agreement, among Acrisure Intermediate, Inc., a Delaware corporation and direct parent company of the Company, the Company, the guarantors party thereto from time to time, the lenders party thereto from time to time, and JPMorgan Chase Bank. N.A., as administrative agent.
-
White Oak Merchant Partners Supports Syco Entertainment Ltd on First-Of-Its-Kind Securitization of Non-Scripted TV Shows
November 7, 2022White Oak Merchant Partners, LLC, (“WOMP” or “the firm”), a FINRA registered broker-dealer affiliated with White Oak Global Advisors (“WOGA”), today announced that the firm worked closely with Syco Entertainment Ltd (“Syco”), the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction.
-
Avtech Capital, LLC Announces New $75 Million Revolving Credit Facility with Capital One, N.A.
November 7, 2022Avtech Capital, LLC today announced the completion of a new $75 Million revolving credit facility with Capital One, N.A. The facility will provide additional liquidity to support the Company's growth and further its efforts to better serve customers.
-
Approved Oil Co. Enters Updated Credit Facility
November 7, 2022The bank syndicate supporting the credit facility is comprised of four participants acting in various capacities, with JPMorgan Chase Bank, N.A. as Administrative Agent, Manufacturers and Traders Trust Company, Bank United, N.A., and Atlantic Union Bank.
-
Solifi ABL Passes $1B in Loans Outstanding on SaaS Platform
November 7, 2022Solifi™, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1B in loans outstanding for lenders globally. Additionally, Solifi’s ABL borrower portal user traffic increased by 4x in less than a year as lenders and borrowers recognize the benefits of Solifi’s easy-to-use, self-service tool that’s available 24/7.
-
Cerebro Capital Facilitates $60MM in Financings
November 7, 2022Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of $60MM in debt financings to several companies including $15 million asset-based line of credit for a supplier of sustainably sourced, high quality wood pellets to support their significant growth and $14.5 million USDA loan to an owner operator of a large portfolio of gas stations and convenience stores .
-
GenSight Biologics Secures a €35 Million Credit Facility From the European Investment Bank to Support the Launch of LUMEVOQ® in Europe
November 4, 2022GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible) (the "Company"), a biopharma company focused on developing and commercializing innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, today announced that it has entered into a €35 million credit facility agreement with the European Investment Bank (“EIB”), supported by the European Fund for Strategic Investment (EFSI).
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
