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- First Business Bank Funds $11.5 Million Factoring & Inventory Financing Facility For Food & Beverage Company’s Growth
- Verano Announces $195 Million Senior Secured Term Loan Refinancing Agreement to Fund Company’s Strategic Growth Initiatives
- Ben Ellis Joins Windels Marx as Special Counsel
- Hallador Energy Closes $120 Million Senior Secured Credit Facilities
TSL Express Daily Articles & News
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Wingspire Capital To Acquire Liberty Commercial Finance
Wingspire Capital Holdings LLC (“Wingspire Capital”) announced an agreement to acquire Liberty Commercial Finance LLC (“Liberty”). Wingspire Capital is a portfolio company of Owl Rock Capital Corporation, a publicly traded business development company that is externally-managed by an indirect subsidiary of Blue Owl Capital Inc.
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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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Loop Capital Markets Selects Matrix Applications for Technology Solutions and Outsourcing Services
September 22, 2022Matrix Applications, LLC ("Matrix") is pleased to announce that Loop Capital Markets, LLC ("Loop Capital") has selected Matrix as a key strategic partner and provider for a variety of technology and outsourcing services. Loop Capital is leveraging this partnership to support the growth of its U.S broker dealer business.
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Nexus Renewables Closes on $5 Million USD Development Financing Facility with Scale
September 22, 2022Nexus Renewables Inc. ("Nexus"), a North American renewable developer having more than 1 GW of solar and energy storage projects under development, has closed a $5 million USD asset-backed credit facility with Scale Microgrid Solutions ("Scale"), a Warburg Pincus portfolio company.
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J D Factors Announces Factoring Facilities
September 22, 2022J D Factors announced it provided the following factoring facilities: $500,000 to a transportation company in Georgia; $200,000 to a transportation company in Ohio; $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Massachusetts.
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Online Auction Features Live Event and Entertainment Production Rental Gear from North American Leader PRG
September 22, 2022An October 4 online auction by Tiger Group is an opportunity to acquire professional audio-visual gear from the existing rental inventories of PRG locations in California and Florida. All told, the sale includes more than 700 lots of digital and film cameras, lenses, projectors, screens and monitors by brands such as Arri, Barco, Canon, Cooke, Christie, Fuji, Red, Sony and Zeiss, to name a few.
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GBC's Partnership with Innovation Refunds Helps Customers Collect Money from the Government
September 22, 2022Georgia Banking Company ("GBC") has teamed up with Innovation Refunds ("IR"), an industry leader specializing in the federal Employee Retention Credit (ERC) and payroll tax refunds, to help businesses claim up to $26,000 per employee kept on payroll during COVID-19.
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Patent Portfolio Acquisition or Licensing Opportunity - Rapid Precision Liquid Heating Technology
September 21, 2022Hilco Streambank is seeking offers to acquire or license the intellectual property portfolio and related assets of Heatworks Technologies, Inc., including a robust, worldwide patent portfolio, trademarks, CAD and other design files, product prototypes, test data, proprietary software, and more. Finished inventory embodying the commercialized technology may also be available.
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Siena Healthcare Finance Hires VP, Underwriting
September 21, 2022Siena Healthcare Finance is pleased to announce the addition of Linda Kasian as VP, Underwriting. In her new role, Linda will be responsible for underwriting new healthcare transactions and working with the business development team in reviewing new opportunities.
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Keystone Equipment Finance Corp. Launches New Website
September 21, 2022Keystone Equipment Finance Corp. (Keystone), an independent equipment finance company, has launched its new website at existing domain www.keystoneefc.com. In addition to a complete design makeover, enhanced imagery and new sitemap, the website also has a toggle so viewers can read the content in Spanish.
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Agora Data Secures $100M Credit Facility from Credit Suisse
September 21, 2022Agora Data, Inc., the FinTech company transforming automotive financing by providing U.S. independent auto dealers and finance companies precision loan performance analytics and access to ample, affordable capital, closed a $100 million revolving credit facility with Credit Suisse Group AG.
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ENGS Commercial Capital Provides $1.25 Million Factoring Facility to Growing Bottling Company
September 21, 2022ENGS was able to quickly step in and provide a $1,250,000 accounts receivable factoring facility to meet the needs of the growing company. As the company continues to expand across the Pacific Northwest and beyond, they will also have the ability to bundle ENGS’ equipment financing into their working capital facility which will allow them to expand production and further facilitate growth.
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NutraNomics Announces Debt Restructuring and New Credit Facility
September 21, 2022NutraNomics, Inc. (OTC PINK:NNRX), an emerging leader in organic plant-based nutritional science and innovation, and The Plant (www.theplantlabs.com), a NutraNomics company, is pleased to report that it successfully retired a portion of its debt, and secured an ongoing line of credit to support its growing operational needs and increasing production resource requirements.
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Forbright Announces Key Additions to Senior Leadership
September 21, 2022Forbright, Inc. and Forbright Bank today announced three new executives who will oversee the finance and communications departments as the Bank continues to accelerate the transition to a sustainable and clean energy economy. Aaron Juda, currently Chief Strategy Officer of Forbright Bank, has been promoted to the role of Chief Financial Officer of Forbright, Inc. Pat Rusnak joins Forbright Bank as Chief Financial Officer. And Ben Wakana joins Forbright Bank as Director of Communications.
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EisnerAmper Named “Best Auditor— Middle Market” at HFM U.S. Services Awards
September 21, 2022EisnerAmper was named the “Best Auditor — Middle Market” at the HFM U.S. Services Awards 2022, which were held on September 13 in New York City. The prestigious HFM U.S. Services Awards recognize hedge fund service providers that have demonstrated exceptional client service, performance and innovation over the past 12 months.
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TA Closes $1.1B Debt Fund V
September 21, 2022TA Associates, a global growth private equity firm, has closed its TA Debt Fund V with over $1.1 billion in commitments, exceeding its target of $600 million. The fund will invest in the credits of both new and existing TA portfolio companies, and more broadly, an opportunity set to include senior secured debt while continuing to invest in traditional TA subordinated debt investments. TA Debt Fund V will also give the option to invest across multiple credits within the same company.
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Trinity Capital Inc. Further Expands Origination Team with Lauren Cosentino
September 21, 2022Trinity Capital Inc. ( Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced the appointment of Lauren Cosentino as Managing Director, Life Sciences in the Research Triangle Park region of North Carolina.
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Grant Thornton Survey: CFOs Fret Over Recession, but Majority Still see Goals Within Reach
September 21, 2022A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, reveals a sharp and continual decline in optimism for chief financial officers (CFOs) across the country. Many of the same factors contributing to pessimism in the first quarter of 2022 are still bothering CFOs — but now, finance leaders are even more worried. In fact, 72% of the 249 CFOs surveyed expect hikes in interest rates will lead to a recession.
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Monroe Capital Expands its Institutional and High Net Worth Business Development Team with Brian Dutzar, Mark Friedrich, and Brian Lee Hires
September 21, 2022Monroe Capital LLC today announced it has expanded its institutional and high net worth business development team with the addition of Brian Dutzar, serving as Director and based in Chicago, Mark Friedrich, serving as Managing Director and based in Los Angeles, and Brian Lee, serving as Director and based in New York.
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Bridge Bank’s Asset-Based Lending Boosts Capacity With New Hires
September 21, 2022Bridge Bank today announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group. Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients nationwide. The new team members are based in Boston, Phoenix and Southern California.
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A&G’s Andy Graiser Named to 2022 List of ‘Top 100 Restructuring Professionals’
September 21, 2022Global M&A Network has named A&G Real Estate Partners Co-President Andy Graiser to its 2022 list of “Top 100 Restructuring Professionals.” The ninth-annual “Distinction in Deal-Making Award” recognizes “highly respected, successful and innovative” leaders in the restructuring and turnaround world, the organization noted in the announcement.
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Major Food Processor Passport Foods’ In-Demand Equipment Goes to Auction
September 21, 2022An October 6 online auction by Tiger Group features equipment from Passport Foods’ shuttered Ontario, Calif. plant. The specialty food processor sold entrees, wraps, noodles and appetizers under the Chef’s Signature, Wing Hing, Cantina Fresca and Sofia’s brands. The online auction closes on Thursday, October 6, at 10:30 a.m. (PT). Bidding opens Thursday, September 29, at 10:30 a.m. (PT) at SoldTiger.com.
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