- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- SFNet Market Pulse
- Mitsubishi HC Capital America Identifies Four Key Trends to Shape Equipment Finance in 2026
TSL Express Daily Articles & News
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eCapital Acquires CNH Finance
eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the UK, today announced the acquisition of CNH Finance, a Connecticut-based, specialty finance company focused on the healthcare industry.
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In May, BMO Harris Bank announced that it had hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
TSL Express Daily Headlines & News
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World Class Automotive Injection Molding and Chrome Plating Facility Goes to Auction - COVID Disruption of Supply Chains Creates Opportunity for Acquiring Late Model Plastic Injection Molding Equipment in Queretaro, Mexico
May 16, 2022An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on June 2, 2022 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019. The auction was originally scheduled for May 12 but has been moved to the new date.
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eCommerce Growth Platform Wayflyer Secures $300m in Debt Financing From J.P. Morgan
May 13, 2022Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, secured and began deploying $300m in debt financing from global financial services leader J.P. Morgan, with Neuberger Bermann acting as a mezzanine provider.
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Huntington National Bank Expands Digital Payments Through Acquisition of Fintech Torana
May 13, 2022Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced today it has acquired Digital Payments Torana, Inc. (Torana), a business-to-consumer payments fintech based in San Francisco. Torana's digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington's digital capabilities and advance Huntington's enterprise payments strategy.
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Retail M & A Leader Robert Grosskopf Joins Hilco Global Retail Team as Executive Vice President Hilco Merchant Resources
May 13, 2022Hilco Global is pleased to announce that Robert (Bob) Grosskopf, former Co-President of Gordon Brothers Retail Partners, has joined Hilco Merchant Resources (HMR) as an Executive Vice President. Mr. Grosskopf is a savvy veteran of the inventory disposition industry and will focus on executing transactions in connection with Retail Mergers & Acquisitions, Restructuring and other strategic initiatives at Hilco Merchant Resources.
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Amerisource Closes $10,000,000 Credit Facility for Instrumentation Firm
May 13, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for a Texas based design, engineering, and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.
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LSQ Provides $5 Million Working Capital Facility, AR Management Program for California Trucking Firm
May 13, 2022LSQ, a leading provider of working capital finance and payments solutions, recently created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company. The company will use the additional capital to support growth and new customer acquisition.
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Amerisource Closes $1,500,000 Credit Facility for Food Manufacturer
May 13, 2022Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a New York based cookie and dessert production firm. The proceeds were used to provide working capital for the company’s expected growth.
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Winston & Strawn Represents KeyBank N.A.
May 13, 2022Winston & Strawn represented KeyBank N.A. in connection with a Seventh Amendment of an ABL Receivables Credit Facility with Great Rock Capital Partners Management, LLC.
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Capital Southwest Increases Credit Facility to $380 Million
May 13, 2022Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an amendment to its senior secured credit facility (the “Credit Facility”).
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Logan Ridge Finance Corporation Announces the Refinancing of its Entire Legacy Capital Structure and Significantly Lowers Cost of Capital
May 13, 2022Specifically, on May 10, 2022, the Company amended its existing Senior Secured Revolving Credit Facility agreement with KeyBank (“KeyBank Credit Facility”), by increasing the initial commitment from $25.0 million to $75.0 million, with an uncommitted accordion feature that allows the Company to borrow up to an additional $125.0 million.
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CleanCapital Secures $200 Million Credit Facility with Rabobank
May 13, 2022CleanCapital announced today that it has closed on a credit facility of up to $200 million to support its pipeline of distributed solar and energy storage projects. Rabobank will act as mandated lead arranger, administrative agent, and collateral agent.
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Provident Hires Brady As Customer Experience Director
May 12, 2022Provident Bank, a leading New Jersey-based financial institution, announced today that Tara Brady has joined the Bank as First Vice President, Customer Experience Director. The newly created position underscores the Bank’s commitment to elevate the customer experience.
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Greenberg Traurig Adds Fund Formation Specialist to Growing Private Funds Team
May 12, 2022Global law firm Greenberg Traurig, LLP continues the strategic expansion of its Private Funds Group with the addition of Curtis Stefanak, an experienced fund formation and investment management attorney, as client demand for private investment funds remains strong.
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Dwight Capital Finances Over $227.2MM in April 2022
May 12, 2022Dwight Capital closed over $227.2MM in real estate financings during April. Featured among Dwight’s transactions are HUD loans for Highland Ridge Apartments and Harbor Heights Apartments, and a bridge loan for 235 Valencia Street.
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Deserve Secures $250M Credit Facility from Goldman Sachs, Cross River and Waterfall Asset Management
May 12, 2022Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced today a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve's digital-first, mobile-centric, and highly configurable credit card platform, the company will use this new funding to meet the growing demand from financial institutions, fintechs, and consumers.
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Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal
May 12, 2022Today, Cypress Environmental Partners, L.P. (NYSE: CELP) (“Cypress” or the “Company”) announced that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut Private Equity (“Argonaut”), that is expected to clear approximately $58 million worth of debt.
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FTI Consulting Expands Corporate Finance & Restructuring Segment in France with Appointment of Senior Business Transformation Expert
May 12, 2022FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in the Corporate Finance & Restructuring segment in France with the appointment of business transformation expert Thierry Miremont as a Senior Managing Director in Paris.
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Prestige Capital Leads a Coalition of 5 Finance Companies to Provide $100M in Capital to Address Urgent Health Care Staffing Needs Across the Nation
May 12, 2022Prestige Capital has a long history of providing funds to companies to address immediate working capital needs. In 2018, Prestige Capital provided a $3M factoring facility to a west coast staffing company providing both temporary and permanent staffing. A little more than a year later this client graduated from the Prestige Capital program and was able to secure financing from a traditional bank.
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J D Factors Announces Factoring Facilities
May 12, 2022J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Ontario; $150,000 to a transportation company in Florida; $1,000,000 to a transportation company in Quebec; $500,000 to a transportation company in Alberta and $300,000 to a transportation company in Ontario.
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Wintrust Receivables Finance Announces the Closing of a $19,500,000 Line of Credit to a Hospitality Staffing Firm
May 12, 2022Wintrust Receivables Finance (WRF) is pleased to announce the closing of a new $19,500,000 credit facility for this Midwest-based provider of hospitality staffing. The company specializes in the recruitment and placement of hospitality professionals. The Company's clients include corporate dining companies, country clubs, hospital food service companies, special events centers, stadiums, and hotels.
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