- SFNet Market Pulse
- 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
- Advantage Business Capital Acquires $22MM Factoring Portfolio
- Mattr Announces Closing of Credit Facility Extension
TSL Express Daily Articles & News
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Lucid Announces $1.0B Revolving Credit Facility
Lucid Group, Inc. (NASDAQ: LCID) ("Lucid"), setting new standards with the longest-range, fastest-charging electric car on the market, today announced entry into a Credit Agreement (the "Credit Agreement") on June 9, 2022. Bank of America, N.A. is the administrative agent and swingline lender on the transaction. Other lenders in the initial bank syndicate include Citigroup; Barclays Bank PLC; Goldman Sachs Bank USA; JPMorgan Chase Bank N.A.; BNP Paribas; Royal Bank of Canada, Capital Markets; HSBC Bank USA, N.A.; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; and Wells Fargo Bank, N.A.
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Refinitiv’s director of analytics shares with readers the latest data surrounding the syndicated market.
TSL Express Daily Headlines & News
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HYPERAMS, LLC Announces Completion of The Grommet E-Commerce Liquidation Sale
August 15, 2022HYPERAMS, LLC is pleased to announce the completion of the e-commerce liquidation sale of The Grommet. The liquidation, which was conducted entirely via the company’s website, was highly successful and generated significant cost recovery for the business’ ownership.
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King & Spalding Adds Financial Services Litigation Partner Jamie Dycus in New York
August 15, 2022King & Spalding announced today that partner Jamie Dycus has joined the firm’s Trial and Global Disputes practice group in the New York office. Dycus represents financial institutions and other commercial clients in a variety of complex litigation, regulatory and enforcement matters.
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The 2nd Version of Asset Based Lending Disciplines is Available
August 15, 2022The 2nd version of Don’s Clarke’s book, Asset Based Lending Disciplines, is available today. Donald Clarke is a world-renowned scholar and teacher on the disciplines of asset-based lending. This updated and well written book, covers all aspects of asset-based Lending and filled is with vital information that will help ABL professionals become efficient and effective in the ABL industry.
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Leading Company in the Circular Economy Refinances 125 Million Euros Credit Facility
August 15, 2022Against a background of higher raw material prices and delivery volumes, the Oryx Stainless Group is increasing its financial flexibility with a syndicated credit facility in the amount of 125 million Euros, replacing the existing facility at an early stage.
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MVB Financial Corp. Announces Merger with Integrated Financial Holdings
August 15, 2022MVB Financial Corp. (“MVB,” “MVB Financial”) (Nasdaq: MVBF), the holding company for MVB Bank, Inc. (“MVB Bank”), announced today that it has entered into a definitive merger agreement pursuant to which MVB will acquire Integrated Financial Holdings, Inc. (“IFH”) (OTCQX: IFHI) in an all-stock transaction. Stephens, Inc. served as financial advisor and Squire Patton Boggs (US) LLP served as legal advisor to MVB. Raymond James & Associates, Inc. served as financial advisor and Wyrick Robbins Yates & Ponton LLP served as legal advisor to IFH.
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J D Factors Announces Factoring Facilities
August 15, 2022J D Factors announced it provided the following: $150,000 to a transportation company in Texas;$100,000 to a transportation company in Alberta; $250,000 to a transportation company in Ontario; $500,000 to a transportation company in Ohio; $200,000 to a transportation company in New Jersey
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Kian Capital Expands Senior Team With Addition Of Jordan Lee As Principal
August 15, 2022Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today that Jordan Lee has joined the firm as a Principal to expand Kian’s capacity for making new investments and continue to grow its operations and origination capabilities.
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Amalgamated Bank Announces $15 Million Loan for Decarbonization and Climate Resilience Initiatives
August 15, 2022Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.
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H.I.G. Capital Appoints Carlos Soto as Head of U.S. Private Equity Business Development
August 15, 2022H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with over $50 billion of capital under management, is pleased to announce that Carlos Soto has joined the firm as a Managing Director and Head of U.S. Private Equity Business Development.
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Finance Partner Marisa Sotomayor Joins King & Spalding in New York
August 15, 2022King & Spalding announced today that Marisa Sotomayor has joined the firm as a partner in its Corporate, Finance and Investments (CFI) practice group. Sotomayor is based in New York.
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SMBC Nikko Securities America, Inc. Further Strengthens its Debt Capital Markets Team; Hires Tom Bausano as Managing Director and Co-Head
August 15, 2022SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Tom Bausano has joined the firm as Managing Director, Co-Head of Debt Capital Markets and Debt Syndicate. In this role, Tom will work closely with the firm’s debt capital markets business, providing his expertise and leadership to help drive further growth for this area.
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MUFG Launches Direct Lending Group to Support Private Equity Clients
August 11, 2022Mitsubishi UFJ Financial Group (MUFG) announced today the formation of a Direct Lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions.
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CIT Closes $75 Million Factoring Facility with Consumer Products Wholesaler
August 11, 2022CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $75 million factoring facility on behalf of a consumer products wholesaler. CIT worked with the client to arrange a factoring facility to replace an existing asset-based lending facility with another lender.
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Citizens Leads $67.3 Million Construction Loan to Trinitas Ventures
August 11, 2022Citizens announced today that its Commercial Real Estate Finance team led a $67.3 million construction loan to Trinitas Ventures for the development of a new 286-unit, 750-bedroom student housing project near the University of Central Florida in Orlando, Fla. Citizens is Sole Lead Arranger, Sole Bookrunner and Administrative Agent.
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EverGen Infrastructure Corp. Signs Term Sheet for $31 Million Senior Term Loan to Support the Funding of Near-Term RNG Facility Upgrades & Delivery of Expansion Projects
August 11, 2022EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), is pleased to announce that it has signed a term sheet with its existing lender, Roynat Capital (a subsidiary of Scotiabank) and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan to support the upgrade and construction of its Renewable Natural Gas (“RNG”) facilities at Fraser Valley Biogas (“FVB”) and Net Zero Waste Abbotsford (“NZWA”), respectively.
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Hilco Enterprise Valuation Services Announces Addition of Eric Jenkins as Managing Director and Head of Disputes Consulting practice
August 11, 2022Hilco Enterprise Valuation Services (HEVS) is excited to announce the addition of Eric Jenkins to the Enterprise Valuation Services team. Mr. Jenkins will serve as Managing Director with a focus on leading and growing our Disputes Consulting practice.
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CIBC Innovation Banking Provides €35M in Growth Capital Financing to Ageras
August 11, 2022CIBC Innovation Banking announced today that it has provided €35 million in growth capital financing to Ageras to accelerate the Copenhagen-based company’s strategic acquisitions pipeline and to expand its suite of software tailored to the demands of small businesses.
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First Federal Bank Expands Services and Welcomes Jennifer Mulligan
August 11, 2022First Federal Bank announces commercial lending services are expanding to the Tampa market, to complement the existing mortgage offering. Jennifer Mulligan has joined the First Federal team as the Commercial Market Manager and will locally serve her hometown of Tampa Bay.
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Monroe Capital Supports FLEET Response’s Three Add-on Acquisitions
August 11, 2022Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support three add-on acquisitions (Dalworth Restoration, Cousino Restoration, and RestorePro) and provide growth capital for FLEET Response, an existing portfolio company of Trinity Hunt Partners.
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Transcap Fuels Freight Industry with Lightning-Fast Invoice Factoring
August 11, 2022Transcap, a fast-growing freight factoring and alternative lending brand, has brought together America’s top factoring experts to launch a fast, convenient invoice factoring solution designed to support trucking owner-operators, fleets and freight brokers across the nation.
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