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- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Sallyport Commercial Finance Provides $2MM Factoring Facility to a Canadian Printing Company
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Today's Top Story
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Citizens Leads $1.8 Billion Asset-Based Senior Credit Facilities for PRO Unlimited
Citizens announced that it has provided incremental financing to San Francisco-based PRO Unlimited Global Solutions Inc. PRO Unlimited is currently owned by EQT Partners.
Established in 1991, PRO Unlimited is a leading provider of end-to-end contingent workforce management solutions to a broad range of global clients and has been a Citizens client for more than 10 years.
TSL Express Trending Story
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Innovation is Key to Survival for Factors
The CEO of TBS Factoring discusses the importance of innovation in factoring and how she applies the lessons of the past to her current role.
TSL Express Daily Headlines & News
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SLR Business Credit Promotes Nico LaStella from Account Executive to Assistant Vice President
September 13, 2022SLR Business Credit is pleased to announce the promotion of Nico LaStella from account executive to assistant vice president. Mr. LaStella holds a Bachelor’s degree from Bentley University and worked at another commercial finance company before joining SLR Business Credit in 2021.
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Winston & Strawn Represents WaterBridge
September 13, 2022Winston & Strawn represented WaterBridge, the largest pure play water solutions provider in the industry, in a long-term agreement with Texas Pacific Land Corporation (TPL) focused on sustainable oil and gas development and water management solutions on over 64,000 acres in core of the Delaware Basin.
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Citizens Provides $133.6 Million Loan to Longfellow Real Estate Partners
September 13, 2022Citizens announced today that its Commercial Real Estate Finance team provided a $133.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens is Sole Lead Arranger, Sole Bookrunner and Administrative Agent.
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Access Capital Provides $500,000 Credit Facility to EvenFlow Solutions
September 13, 2022EvenFlow is a Dallas–based staffing firm focusing on accounting, finance, and technical placements. The company began operations in October 2019 and is led by staffing industry veterans John Cooke and Jordan Dunn. By 2021, EvenFlow was experiencing rapid growth ultimately leading the company to realize the need for a working capital solution.
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Wingspire Capital Provides A $46 Million Credit Facility To Emcore For Add-On Acquisition
September 13, 2022Wingspire Capital LLC (“Wingspire”) is pleased to announce that it provided a $46 million senior secured credit facility to EMCORE Corporation (“EMCORE”) to facilitate EMCORE’s recent acquisition of the Inertial Navigation Systems and Fiber Optic Gyroscope business segment from KVH Industries.
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Tricolor Closes $100 Million Credit Facility with Fifth Third Bank to Support Scale
September 13, 2022Tricolor today announced the closing of a $100 million warehouse facility with Cincinnati-based Fifth Third Bank, National Association, secured by loans originated across its growing footprint, which spans five states, 20 markets and 55 retail hubs.
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Solifi Named to 2022 IDC FinTech Top 100
September 13, 2022Solifi™, a global fintech software partner for secured finance, announced it was named to the 2022 IDC FinTech Rankings. The 19th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial services industry.
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J D Factors Announces Factoring Facilities
September 12, 2022J D Factors announced the following factoring facilities: $100,000 to a staffing company in Texas; $300,000 to a transportation company in California; $200,000 to a staffing company in Quebec; $250,000 to a transportation company in Alberta
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Dean Winter Joins Sallyport Commercial Finance, LLC
September 12, 2022Sallyport Commercial Finance, LLC has joined Dean Winter as business development executive in the Toronto area. Dean graduated from the University of Guelph with a degree in Finance in May 2018. After graduating he started work in the wealth management industry as a financial advisor with Edward Jones and then progressed over to TD Bank as a financial planning associate.
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J.P. Morgan to Acquire Renovite Technologies, Inc.
September 12, 2022J.P. Morgan (NYSE: JPM) announces today that it has signed an agreement to acquire Renovite Technologies, Inc. (Renovite), a leading cloud-native payments technology company. The strategic acquisition of Renovite will help J.P. Morgan Payments build its next-generation merchant acquiring platform, bolster the firm’s payments modernization strategy and support its journey to the cloud.
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H.I.G. Capital Hires Kim Leinwand Erle to Lead ESG Initiatives
September 12, 2022H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $50 billion of equity capital under management, announced that it has hired Kim Leinwand Erle as Managing Director and Global Head of ESG, a newly created role that reflects H.I.G.’s ongoing commitment to the integration of environmental, social and governance best practices across the firm.
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Vipul Tandon Joins Siris as Managing Director and Head of Credit Opportunities
September 12, 2022Siris, a leading private equity firm focused on investing and driving value creation in technology companies, today announced that Vipul Tandon has joined the firm as a Managing Director and Head of Credit Opportunities. In this role, Mr. Tandon will look to capitalize on meaningful opportunities to invest in structured credit and junior capital in the technology industry.
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Blue Bird Announces Amendment of Credit Facility
September 12, 2022Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, announced today that it has entered into a fifth amendment to its credit facility, dated as of December 12, 2016.
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Blank Rome Continues National Finance Team Growth with Addition of Partner Mirlande Telfort in New York
September 12, 2022Blank Rome LLP is pleased to announce that Mirlande Telfort has joined the firm’s Finance, Restructuring & Bankruptcy practice group as a partner in the New York office. With a strong focus on middle market financings, Mirlande represents private equity funds, banks, and other investors in complex debt financing transactions across a wide range of industries, particularly life sciences, healthcare, manufacturing, and consumer products.
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Humble & Fume Inc. Announces Closing of $2,000,000 Revolving Credit Facility
September 12, 2022Humble & Fume Inc. (CSE: HMBL) ( OTCQX: HUMBF) ("Humble" or the "Company"), a leading North American distributor of cannabis and cannabis accessories, is pleased to announce it has entered into a new revolving credit facility pursuant to the terms of a loan agreement that provides for a $2,000,000 secured revolving credit facility (the "Credit Facility").
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Delta Financial Group Receives Significant Structured Growth Investment From Funds Managed by Oaktree Capital Management
September 12, 2022Delta Financial Group ("Delta"), an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant structured growth investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree").
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REV Capital Announces New Appointment for Commercial Finance Division
September 12, 2022REV Capital, the leading provider of factoring and cashflow financing in Canada and the United States announces appointment of Daniel Stacy as Executive Vice President of Business Development for its Commercial Finance Division.
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Porter Capital Corporation Co-founder and Former Chairman, Donald Porter, Passes Away
September 12, 2022Donald Porter, 83, Chairman and Co-founder of Porter Capital Corporation, passed away on August 31, 2022. A private family service will be held. Donald, with his brother, Marc Porter, founded Porter Capital Corporation, a secured lender, in 1991, with Donald managing the New York operations and Marc overseeing the office in Alabama. Donald returned to Alabama in 2012 and was active in the office until 2020. He continued to be involved in the corporate direction, as Chairman of the Board, until his death.
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Houlihan Lokey Bolsters Digital Infrastructure Expertise With Senior Hire
September 12, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Jesse Nichols has joined the firm’s global Technology Group as a Managing Director covering the digital infrastructure sector. He is based in Boston.
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Huntington Business Credit Provides $35 Million Credit Facility for Sports Endeavors, Inc
September 12, 2022Huntington Business Credit announced it closed a $35,000,000 new credit facility with Sports Endeavors, Inc. on August 18, 2022. Sports Endeavors, Inc. is a new portfolio investment for Seawall Capital LLC, a private equity investment firm located in Austin, Texas. Proceeds of the facility were used to finance the acquisition and provide ongoing working capital growth financing.
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