- Armory Securities, LLC Announces the Successful Closing of a Credit Facility for Copper Cane Wines & Provisions
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
- Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- Victory Park Capital Announces New Warehouse Facility with Zip, Expanding Long-Standing Partnership
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
SellersFunding Launches Two Financing Solutions to Further Advance Growth for Small Businesses
SellersFunding, a leading fintech provider for ecommerce sellers, announces the addition of two new products to its robust lineup of working capital products, Invoice Factoring and Purchase Order (PO) Financing.
Invoice Factoring and PO Financing support SellersFunding clients to help grow their wholesale footprint. The flexibility of the products will allow SellersFunding to expand their offering to businesses outside of the ecommerce space.
TSL Express Trending Story
Featured
Committee Spotlight: Convention Programming Committee 2019
This column highlights the hard work and dedication of SFNet committee volunteers. Here we speak with David Morse, chair of the Convention Programming Committee 2019.
TSL Express Daily Headlines & News
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BCA Partner Finance extends Solifi Wholesale Finance Contract
August 10, 2022Solifi, a global fintech software provider for secured finance, announced that British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.
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Alston & Bird Welcomes Counsel Liz Buckley to its Finance Group’s Corporate Debt Team
August 9, 2022Liz joins Alston & Bird from a National Law Journal 2022 top-50 firm, where she was counsel. She brings more than 15 years of experience representing banks and other financial institutions in single-lender and syndicated commercial debt financing transactions, such as revolving and term loan credit facilities, and advising clients regarding structuring of financing transactions.
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Access Capital Provides $10 Million Credit Facility To Rowing Digital Publishing Enterprise
August 9, 2022Access Capital recently partnered with a premium digital publishing company to support a re-capitalization and continued growth. The company has a portfolio of brands, many of which are considered top thought leaders in the marketplace.
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Gordon Brothers Promotes Frank Morton to Lead Disposition, Financing & Investment Offerings Globally as Chief Investment Officer
August 9, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Frank Morton to lead the firm’s disposition, financing and investment offerings across retail, brands, commercial and industrial globally as Chief Investment Officer. Morton will also join the board of directors.
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Radiant Logistics Announces New $200M Secured Credit Facility
August 9, 2022BofA Securities, Inc. acted as the book runner and joint lead arranger for the syndicated credit facility. Bank of Montreal acted as lender, joint lead arranger, and syndication agent. MUFG Union Bank, N.A. acted as lender and co-documentation agent. Keybank National Association acted as lender and co-documentation agent. Bank of America, N.A., and Washington Federal Bank, National Association also acted as lenders. Bank of America, N.A. will also serve as administrative agent.
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Tattooed Chef Announces $40 Million Credit Facility
August 9, 2022Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant-based foods, announced today an expanded and extended secured revolving credit facility (“the credit facility”) with UMB Bank, N.A., a subsidiary of UMB Financial Corporation.
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William Blair Names John Kreger Director of Research
August 9, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that John Kreger has been named director of research of the firm’s sell-side equity research group. Based in Chicago, Kreger will oversee a team of research analysts responsible for coverage of more than 700 growth-oriented companies.
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Regions Bank Names Tom Speir as Head of Strategy and Corporate Development
August 9, 2022Regions Bank on Monday announced Tom Speir has been elevated to serve as head of Strategy and Corporate Development. Speir will report to Regions Chief Financial Officer David Turner.
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MarineMax Expands Financial Flexibility with New Credit Facilities to Execute on Strategic Growth Opportunities
August 9, 2022MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the completion of $1.35 billion in aggregate financing commitments. The financings were led by M&T Bank as Administrative Agent and Joint-Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint-Lead Arranger and Floor Plan Agent.
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Genesis Bank Announces Hiring of Commercial Banking Market Leader
August 9, 2022Genesis Bank (“Genesis” or the “Bank”), announced today that Anthony Ochoa has joined Genesis as Senior Vice President, Commercial Banking Market Leader, and is responsible for expanding the Bank’s commercial banking efforts across its Target Markets of Los Angeles, Orange, Riverside, and San Bernardino Counties, California.
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Vista Outdoor Announces Closing of the Acquisition of Fox Racing
August 9, 2022Vista Outdoor financed this acquisition through a combination of a $600 million asset-based revolving credit facility, which will replace Vista Outdoor's existing asset-based revolving credit facility, and a $350 million secured term loan facility. Vista Outdoor's leverage ratio remains well within the target leverage ratio of one to two times.
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OPAL Fuels Announces Closing of a $105 Million Senior Secured Debt Facility
August 9, 2022OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG), today announced the closing of a five-year, $105 million senior secured debt facility. The facility provides construction financing for designated OPAL Fuels projects upon achieving certain milestones. The lending syndicate is comprised of Investec, Bank of Montreal, and Comerica Bank.
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Sidley Continues Growing M&A and Private Equity with New York Partner Justin Macke
August 9, 2022Sidley is pleased to welcome Justin Macke as an M&A and Private Equity partner in New York. Prior to joining Sidley, Mr. Macke was a partner at Jones Day, working on a wide variety of transactions for private equity and corporate clients.
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Late-Model CNC Equipment from Plastic Injection Mold Shop in Port Huron, MI Goes to Auction on August 2
August 8, 2022Tiger Group and Southern Fabricating Machinery Sales set August 9 online auction for CNC machines by Hurco and Fadal, electrical discharge machinery by Xermax and Elox, as well as shop equipment and rolling stock
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Broadwind Announces New $35 Million Credit Facility
August 8, 2022Broadwind (NASDAQ: BWEN), announced today that it has completed a $35 million senior secured asset-based revolving loan facility and a $7.578 million senior secured term loan facility with Wells Fargo Bank, National Association as lender.
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Main Street Announces Amendment of its Credit Facility
August 8, 2022Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the amendment of its revolving credit facility (the "Credit Facility"). The recently closed amendment provides an extension of the Credit Facility's final maturity to August 2027. The total commitments of the Credit Facility increased from $855.0 million to $920.0 million while maintaining an expanded accordion feature that allows for an increase up to $1.4 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.
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Apogee Enterprises Announces Amendment and Extension of Credit Facility
August 8, 2022Apogee Enterprises, Inc. (Nasdaq: APOG) announced today that it has completed the amendment and extension of its senior unsecured credit facility. The agreement increases the company’s unsecured revolving credit facility to $385 million and provides for an uncommitted accordion feature allowing for an additional $200 million of borrowing capacity.
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1 in 4 Banks Reported Tightening Loan Terms in Q2: Weekly Stat
August 8, 2022Some large and middle-market borrowers faced tighter standards from commercial banks in the second quarter, found a Federal Reserve survey. After some easing of business lending standards in 2021 and 2022, domestic U.S. banks may be getting more scrupulous when it comes to borrowers and the terms they offer on commercial and industrial (C&I) loans.
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Carlyle Announces Senior Leadership Changes
August 8, 2022Global investment firm The Carlyle Group Inc. (Nasdaq: CG) ("Carlyle" or "the Company") today announced changes in its executive leadership team. With Chief Executive Officer Kewsong Lee's five-year employment agreement coming to a close at the end of 2022, both the Company's Board of Directors and Mr. Lee mutually agreed as part of their discussions that the timing is right to initiate a search for a new CEO to lead Carlyle forward in its next phase of growth.
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Direct Digital Holdings Announces Successful Extension To Existing Non-Dilutive Debt Facility
August 8, 2022Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital" or the "Company"), a leading advertising and marketing technology platform and owner of operating companies Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, today announced the successful completion of an extension to its existing debt facility.
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