- Origis Energy Closes $290 Million Financing for Swift Air Solar II and III Projects with Natixis CIB and Santander
- Essex Capital Group Advises ProTelesis on $4.58 Million Debt Financing to Support Shareholder Buyout and Strategic Acquisition of AmerX Security
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- Brean Capital Extends and Upsizes Corporate Note to $30 Million for North Mill
- CIBC US ABL Team Supports NW Automotive Group with New Senior Credit Facility
TSL Express Daily Articles & News
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First Citizens Middle Market Banking Provides $60 Million to Bahakel Communications
First Citizens Bank today announced that its Middle Market Banking business provided a $60 million loan to Bahakel Communications to refinance existing debt and help finance future growth opportunities.
Bahakel Communications is a family owned-and-operated radio and television broadcast company headquartered in Charlotte, North Carolina, with additional locations in South Carolina, Alabama, Tennessee and Colorado.
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U. S. Steel Extends Sustainability-Linked ABL Credit Facility
June 1, 2022United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “company”) today announced that it has completed an amendment and restatement of the company’s $1.75 billion asset-based sustainability-linked credit facility (the “ABL”).
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First Horizon Corporation Shareholders Approve Transaction with The Toronto-Dominion Bank
June 1, 2022First Horizon Corporation (NYSE: FHN or "First Horizon") today announced that it has received shareholder approval for The Toronto-Dominion Bank ("TD") to acquire First Horizon. The transaction is expected to close in the first quarter of TD's 2023 fiscal year subject to U.S. and Canadian regulatory approvals and the completion of other necessary closing conditions.
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Silk Road Medical Extends Cash Runway by Securing up to $250 Million in Debt Financing
June 1, 2022Silk Road Medical, Inc. (Company) (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, today announced that it has entered into a new five-year loan arrangement with Oxford Finance LLC (Oxford) comprising up to a $200 million term loan and up to a $50 million revolving line of credit.
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CIT Commercial Services Hires Brian Martin to Lead Southeast Region
June 1, 2022CIT, a division of First Citizens Bank, today announced that its Commercial Services business has hired Brian Martin, an experienced banker with broad expertise in factoring and accounts receivable financing, as a regional manager leading CIT Commercial Services in the Southeast region.
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Cambridge Savings Bank Fuels Expansion of Atlantic Equipment with a $4.3 Million Lending Package
June 1, 2022Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Corporate Banking team provided Atlantic Equipment with $4.3 million in funding to support its expansion across the eastern seaboard.
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Cvent Announces Successful Completion of Debt Refinancing
May 31, 2022Cvent (Nasdaq: CVT), a market-leading meetings, events and hospitality technology provider, today announced the closing of a new $500 million, five-year senior secured revolving credit facility through a syndicate of banks led by PNC Bank, National Association
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Orion Engineered Carbons Expands Its Revolving Credit Facility
May 31, 2022Orion Engineered Carbons (NYSE: OEC), a specialty chemical company, today announced that it has added 100 million EUR to its senior secured revolving credit facility, which expands the company's facility to 350 million EUR.
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Heritage Global Inc. Appoints Vice President of Finance Brian Cobb as New Chief Financial Officer
May 31, 2022Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, announced today that Vice President of Finance Brian Cobb has been appointed Chief Financial Officer (“CFO”), effective immediately.
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Ares Commercial Finance Has Provided a Senior Secured Credit Facility to Hint, Inc.
May 31, 2022Ares Commercial Finance announced today that it has provided a senior secured credit facility to Hint, Inc. The credit facility consists of an asset based revolving line of credit. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital to support growth.
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Amerisource Expands Team with New Appointment
May 31, 2022Amerisource Business Capital announced the recent appointment of Courtney Mark as regional market manager. Based in Salt Lake City, Utah, Courtney joins Amerisource with over 28 years of experience in commercial finance and asset-based lending, covering markets in Arizona, California, Colorado, Nevada, and Utah.
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Celtic Capital Corporation Provides Accounts Receivable Line of Credit and an Equipment Loan for California-based Real Food Products Manufacturer
May 31, 2022Celtic Capital Corporation today announced its most recent new client relationship – a California-based manufacturer of various real food products sourced from ethically-grown super foods from around the world. The Company was referred to Celtic Capital by its bank who needed to exit the deal due to covenant violations.
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Western New York Specialty Finance Startup Company Closes $5M Round of Equity and $35M of funding to Support Small to Medium Sized Businesses Nationwide
May 31, 2022Culain Capital Management (Culain) officially launched a new Specialty Finance company focused on accounts receivable funding in May 2022. Culain was founded by Jamie Franz, a former partner at Keltic Financial and managing director at Ares Commercial Finance, Joseph Heim, a former partner with Dopkins & Company, James Jarosz, a former M&T Bank executive and market manager in WNY and Fred Kulikowski, a former president and COO of Commercial Federal Bank who for years held senior executive positions at both Citigroup and M&T Bank in Western New York
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Petrus Announces Closing of Refinancing of Credit Facilities
May 31, 2022Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that it has closed the credit refinancing transactions previously announced on May 5, 2022. The Company has entered into agreements with new lenders to the Company which provide two new credit facilities (the “New Credit Facilities”) totaling up to $55 million.
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Simmons Bank Promotes Veteran Bankers Pat Gearhart and Charlie Van Ness to Division Presidents
May 31, 2022Simmons Bank announced the promotions of Pat Gearhart and Charlie Van Ness to division presidents. Gearhart will oversee Wichita, Kansas City and Oklahoma City markets and Van Ness will lead the Northwest Arkansas, Little Rock and Tulsa Markets. Each role will expand our reach by providing exceptional customer service and community support to the metro markets.
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TELA Bio Secures Up to $50 Million in Debt Financing from MidCap Financial
May 31, 2022TELA Bio, Inc. ("TELA") (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions that optimize clinical outcomes by prioritizing the preservation and restoration of the patient's own anatomy, today announced that the Company has entered into a new credit facility with MidCap Financial (“MidCap”), providing TELA with access to up to $50 million in total credit.
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Paddock Enterprises, LLC Plan of Reorganization Confirmed by U.S. Court
May 31, 2022Today, Paddock Enterprises, LLC (“Paddock”), a wholly owned subsidiary of O-I Glass, Inc. (“O-I Glass”), announced that an order confirming its Plan of Reorganization (the “Plan”) was entered by the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), paving way to the implementation of the Plan and the final stage in the Chapter 11 process. Paddock is represented in the Chapter 11 case by Latham & Watkins LLP and Richards, Layton & Finger, PA, and O-I Glass is represented by Morris Nichols Arsht & Tunnell LLP.
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Ellen Cooper Assumes Role of Lincoln Financial Group President and Chief Executive Officer
May 31, 2022Lincoln Financial Group (NYSE: LNC) today announced that Ellen G. Cooper has assumed the role of president and chief executive officer (CEO) and has become a member of Lincoln National Corporation’s board of directors. Cooper was named CEO-elect in August 2021 after 10 years as a Lincoln executive, serving most recently as executive vice president, chief investment officer, head of Enterprise Risk and the Annuity Solutions group, and a member of the Lincoln Financial Foundation board.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Onclusive’s Acquisition of Critical Mention
May 31, 2022Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, announced today that its affiliates provided senior debt financing and an equity co-investment to support the acquisition of Critical Mention, Inc. (“Critical Mention”) by Onclusive (the “Company”), a portfolio company of Symphony Technology Group (“STG”).
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Anthony Gomez Joins Celtic Capital Corporation as Senior Vice President-Client Development for the Pacific Northwest
May 31, 2022Celtic Capital Corporation is pleased to announce that Anthony Gomez has joined the firm as senior vice president-client development for the Pacific Northwest. He has been in commercial banking and part of the region’s business community for over a decade.
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H.I.G. Capital Signs Definitive Agreement to Acquire Terra Millennium
May 31, 2022Macquarie Capital and Stifel acted as financial advisors and provided committed financing, and McDermott Will & Emery LLP provided legal advice, to H.I.G. Capital. Harris Williams and Evercore acted as financial advisors, and Dechert LLP acted as legal counsel, to the Company on the transaction.
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SFNet's The 81st Annual Convention Issue
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