- Mitsubishi HC Capital Canada Targets Further Expansion into Tech Sector
- Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy
- Advantage Business Capital & Far West Capital to Clarify Corporate Identities
- Victory Park Capital Announces $100 Million Credit Facility for Sétanta Development Capital
- Redaptive Secures $225M Warehouse Financing from ATLAS SP Partners, Launching Equipment Financing Solution
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Citigroup’s Shapleigh Smith Retiring; Shane Azzara to Head Asset-Based and Transitional Finance
Shane Azzara is taking over as head of asset-based and transitional finance at Citigroup Inc., succeeding Shapleigh Smith who is retiring as of May 1.
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What’s Ahead in 2024 for Secured Financing & Working Capital
The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.
TSL Express Daily Headlines & News
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XEN Welcomes Zahid Jethani as New CTO
April 10, 2024XEN, the cloud-based loan management platform revolutionizing the commercial lending industry, is thrilled to announce the appointment of Zahid Jethani as its new Chief Technology Officer.
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SBA opens loans for businesses hit by bridge collapse
April 10, 2024The U.S. Small Business Administration has opened a round of low-interest federal loans for small businesses in the region that may have been impacted by the Francis Scott Key Bridge collapse.
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Retailer 99 Cents Only Files for Bankruptcy, Plans to Shut Down
April 10, 2024Budget retailer 99 Cents Only filed for Chapter 11 bankruptcy protection in Delaware on Sunday, saying that it intended to close all of its 371 stores in the U.S. and sell off its real estate and remaining inventory.
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Chart Industries Announces Amended Revolving Credit Facility
April 10, 2024Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.
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Flatbay Capital Lends $750,000 to a Houston-based Trucking Company
April 10, 2024Flatbay Capital is proud to close a commercial real estate purchase loan for a minority women owned trucking company, secured by 10 acres of commercial land to be used as their future headquarters.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 10, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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Gordon Brothers Promotes Joe Massaroni to Managing Director, Eastern Regional Sales Manager
April 10, 2024In his new role, Massaroni leads the eastern regional business development team. He will continue to work closely with asset-based lenders, private equity sponsors and corporate management teams in the Southeast to help them understand valuation trends, changing methodologies, industry-specific issues and the underlying value of assets.
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Gridiron Capital Promotes Kirk Wawrzyniak to Vice President
April 10, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Kirk Wawrzyniak has been promoted to Vice President.
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Chicago Atlantic Closes $20 Million Facility with Nova Farms
April 10, 2024Chicago Atlantic has deployed a $20 million facility in senior secured financing to Nova Farms, a fully integrated cannabis operator managing a Massachusetts cultivation farm, seven retail brands, and five full-service dispensaries across Massachusetts, Maine, and New Jersey.
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Peapack Private Announces New York City Expansion
April 10, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, boldly continue to move into New York City with the hiring of Andrew F. Corrado and more than 10 teams of commercial and private bankers.
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Houlihan Lokey Continues Expansion of Its Capital Markets Group With Senior Hire
April 10, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Schwartz has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Schwartz will support and enhance the firm’s private capital financing efforts across all industry verticals.
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Hilton Grand Vacations Successfully Reprices Term Loan B
April 10, 2024Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 250 basis points, down from SOFR plus 275 basis points. Additionally, the credit spread adjustment for the Term Loan B has been removed.
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Legacy Corporate Lending Provides $25 Million Asset-Based Credit Facility to Fairway Lumber
April 10, 2024Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $25 million asset-based credit facility to Fairway Lumber Co. Inc. The financing, finalized in March 2024, underscores Legacy's commitment to delivering tailored financial solutions to middle market companies across diverse industries.
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Chart Industries Announces Amended Revolving Credit Facility
April 8, 2024Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.
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Mesa Labs Announces Amendment to Credit Facility and Repurchase of Senior Convertible Notes
April 8, 2024Mesa Laboratories, Inc. (NASDAQ:MLAB) (we, us, our, “Mesa” or the “Company”) today announced the closing of its Amended and Restated Credit Agreement (the “Credit Agreement”), which provides up to $200 million of senior secured debt through a syndicate of banks led by JPMORGAN CHASE BANK, N.A. The Credit Agreement includes a $75 million senior secured term loan facility (the “Term Loan”) and a $125 million senior secured revolving credit facility (the “Revolver”), both of which mature in April 2029.
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esVolta Secures $185 Million Credit Facility
April 8, 2024esVolta, LP announced completion of a $185 million senior secured credit facility. The credit facility will provide esVolta with access to additional development capital and credit support to secure obligations principally relating to interconnection, power purchase agreements, equipment deposits as well as early pre-NTP construction funding for the company's growing 20+ GWh pipeline of standalone energy storage assets across the United States
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Qwil, Powered by LSQ, and TAPFIN Expand Early-Pay Opportunities to Staffing Suppliers of Major Energy-Sector Client
April 8, 2024LSQ, a leading provider of working capital finance and payments solutions, and Talent Solutions TAPFIN, a leading managed service provider (MSP) for contingent workforces and part of the ManpowerGroup family of brands, today announced an expansion of their Qwil partnership to include staffing firms serving one of the world's largest providers of products and services for the ever-evolving needs of the energy industry.
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Audax Private Debt Provides Financing to Support Littlejohn & Co.’s Acquisition of United Air Temp, Air Conditioning and Heating
April 8, 2024Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Littlejohn & Co.’s investment in United Air Temp, Air Conditioning and Heating (“UAT” or the “Company”), a provider of HVAC and plumbing services to residential homeowners in the Mid-Atlantic and Southeastern U.S.
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Loeb Unlocks Growth for a Beef Industry Client With $1.5 Million ELOC
April 8, 2024A beef industry client looking to grow was facing temporary cash flow challenges that were impeding movement on future projects. While they needed immediate access to capital, traditional loan applications, with their lengthy processing times, posed a significant obstacle. Recognizing this challenge, Loeb leveraged its three-year relationship with the client and their proven track record to offer a tailored solution: an Equipment Line of Credit (ELOC).
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Evolution Credit Partners Welcomes JC Barone as Managing Director
April 8, 2024Evolution Credit Partners Management ("Evolution" or the "Firm"), an alternative credit firm with approximately $3 billion in assets under management, today announced John-Carl ("J.C.") Barone will be joining the Firm as a Managing Director. Mr. Barone brings a two-decade track record in the capital markets, focused on working capital finance, including trade finance and accounts receivable capital solutions for corporates.
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