- Mighty Therapeutics Secures Up to $150 Million to Progress Commercial and Clinical Development of New Class of Mitochondrial Targeted Medicines
- First Business Bank Provides $1 Million Factoring Facility For Staffing Company Growth
- PNC Bank Provides $30 Million Revolving Credit Facility for Resources Connection
- Crown Partners Arranges $130 Million Senior Financing for Global Automotive Manufacturer
- PureSky Energy Closes $62 Million Upsizing of Corporate Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Solifi Names Mithu Bhargava as President
Solifi™, a global fintech software partner for secured finance, announced that Mithu Bhargava joined the company as its first president. In this newly created position on the Solifi executive team, Bhargava brings more than 20 years of operational leadership to drive the delivery of scalable, sustainable, high-performing software-as-a-service (SaaS) products for the secured finance industry.
TSL Express Trending Story
Featured
Will the Coronavirus impact your borrowers?
Do not underestimate the impact of the Coronavirus on a company’s Q1 and Q2 2020 financial results. The supply chain issues are unknown, the potential economic slowdown is unknown, and the length of time the impact will be felt is unknown.
This will certainly be a standard excuse for performance weakness that will be heard over the next year. Be prepared!
As a lender, which borrowers do you consider for impact, and what do you do to stay ahead of the problem?
TSL Express Daily Headlines & News
-
Signature Bank Expands Into Nevada With Appointment of Bankers and Opening of Reno Private Client Banking Office
October 10, 2022Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today further expansion of its West Coast presence with the appointment of veteran banking professionals and the opening of a new private client banking office in Reno, Nevada.
-
Warby Parker Enters Into Credit Agreement to Provide for Revolving Credit Facility
October 10, 2022Warby Parker (NYSE: WRBY) announced via an SEC filing on Oct. 4 that on Sept. 30 Warby Parker, Inc. and Warby Parker Retail, Inc. have entered into a credit agreement with lenders which provides for a revolving credit facility with borrowing capacity up to $100 million at any time outstanding.
-
Shorehill Forms Rigging Products Distribution Platform
October 10, 2022Shorehill Capital has formed Ascent Lifting as a new platform to acquire sister companies Advantage Sales & Supply and Susquehanna Wire Rope & Rigging. Both Advantage and Susquehanna are distributors and fabricators of lifting and rigging products including wire rope, chain, synthetic slings, cargo control, and rigging hardware.
-
Gordon Brothers & TAGeX Brands Form Strategic Alliance to Support Food Service Industry
October 10, 2022Gordon Brothers, the global advisory, restructuring and investment firm, and TAGeX Brands, one of the nation’s largest liquidation resources for restaurants, food service operators, supermarkets and convenience stores, have formed a strategic alliance to provide comprehensive real estate and equipment services to support the food service industry, including the purchase of surplus equipment and real estate.
-
Sallyport Commercial Finance Provides Oil and Gas Company with $1,750,000 in Capital
October 6, 2022Sallyport is delighted to announce $1,750,000 in accounts receivable finance for an oil and gas company in the US. The client was referred to Sallyport through an existing client in the energy services space who were more than happy to recommend our services. We secured the business through our clients’ strong connection with the prospect and their ongoing relationship with Sallyport EVP Emma Hart.
-
BMO Supporting Communities Impacted by Hurricane Ian
October 6, 2022BMO today announced a donation of $100,000 to the American Red Cross to support affected communities following Hurricane Ian. The bank is also offering disaster relief options to support customers impacted by the events.
-
ClearStream Increases Credit Facility to $50 Million
October 6, 2022ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced that it has amended its asset-based revolving credit facility (the “ABL Facility”) with The Toronto-Dominion Bank to increase the maximum borrowings available thereunder to $50 million.
-
Pathlight Capital Serves as Documentation Agent on $400 Million Credit Facility to Beyond Finance, LLC
October 6, 2022Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a $400 million senior secured delayed-draw term loan facility ("DDTL") to Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services. Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, served as Administrative Agent.
-
Year-over-year U.S. Bankruptcy Filings Increase for Second Consecutive Month in September 2022
October 6, 2022Year-over-year U.S. bankruptcy filings increased seven percent across all chapters for the second consecutive month in September, according to data released today from Epiq's Bankruptcy Analytics platform.
-
CIBC Announces Senior Executive Appointments
October 6, 2022CIBC (TSX: CM) (NYSE: CM) President and CEO Victor Dodig today announced senior leadership appointments to further the bank's client-focused strategy.
-
Assembled Brands Announces a New $5MM Facility with No Cow
October 6, 2022Assembled Brands is pleased to announce its new partnership with No Cow, a revolutionary protein bar brand that specializes in dairy-free and plant-based offerings. Assembled Brands is supporting the brand’s continued growth with a $5 million line of credit. No Cow was founded in 2015 and sells dairy-free and vegan protein bars as well as protein powder.
-
J D Factors Announces Factoring Facilities
October 6, 2022J D Factors announced it has provided the following factoring facilities: $250,000 to a transportation company in Ontario; $100,000 to a transportation company in Oregon; $300,000 to an excavation company in Quebec; $500,000 to a transportation company in California...
-
Irene Eddy Named Chief Financial Officer at Accord Financial
October 5, 2022Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) is pleased to announce the promotion of Irene Eddy as its Chief Financial Officer effective October 1, 2022. As CFO, Eddy will lead Accord’s finance organization, responsible for providing strategic and operational leadership and supporting business unit leaders in all areas of finance, capital, reporting and strategy.
-
Caesars Entertainment, Inc. Announces the Closing of New $3 Billion Credit Facilities due 2028
October 5, 2022Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") today announced the closing of new $3 billion senior secured credit facilities consisting of a new $750 million senior secured term loan (the "Term A Loan") and a new $2.25 billion senior secured revolving credit facility (the "Revolving Credit Facility" and, together with the Term A Loan, the "Senior Credit Facilities") resulting from an increase and extension to Caesars' existing revolving credit facility.
-
Ocean Bank Funds $19.5 Million Loan for 130-apartment Development in Volusia County
October 5, 2022Ocean Bank announced it has provided a $19.5 million construction loan for Allure on Enterprise, a rental residential development encompassing 130 apartments in 27 two-story buildings in Debary, Florida.
-
B. Riley Securities Facilitates Comprehensive Refinancing for Unique Fabricating, Inc.
October 5, 2022Unique Fabricating, Inc. (NYSE:UFAB), a leader in engineering and manufacturing multi-material foam, rubber, and plastic components utilized in noise, vibration, and harshness management and air/water sealing applications for the transportation, appliance, medical, and consumer/off-road markets, announced that it has reached agreement with its bank lenders and with certain existing equity investors.
-
Versant Funds $5 Million Non-Recourse Factoring Transaction to Tech Company
October 5, 2022Versant Funding LLC is pleased to announce it has funded a $5 Million non-recourse factoring transaction to a tech company which sells hardware and software to major media companies. This private equity sponsored business required a rapid infusion of capital to meet its cash needs through the end of the year. Versant was able to quickly put a factoring facility in place which will provide the company with the short-term liquidity they sought.
-
Citizens Appoints Michelle Hecht Head of Corporate Affairs
October 5, 2022Citizens Financial Group, Inc. (NYSE: CFG) today announced that Michelle Hecht has been named Head of Corporate Affairs. In this capacity she will oversee public affairs, corporate philanthropy, community engagement and volunteerism initiatives that support the company’s growth strategy. She succeeds Barbara Cottam, who is leaving Citizens to take on a new role at the U.S. Department of Commerce, in Washington DC.
-
Bloomreach Secures Credit Facility with J.P. Morgan
October 5, 2022Bloomreach, the world's #1 Commerce Experience Cloud, today announced it has entered into a $30 million, three-year credit facility with J.P. Morgan, further strengthening the company's financial position as it continues to scale its commerce experience solutions to businesses worldwide. The $30 million base facility includes an accordion that may permit up to $130 million in borrowing, and follows a $175 million equity investment announced by the company in February 2022.
-
SMBC Appoints Rick Davison as Chief Financial Officer
October 5, 2022SMBC, a member of SMBC Group, today announced the appointment of Rick Davison as Chief Financial Officer for the Americas. Prior to joining SMBC, Rick was the U.S. Chief Financial Officer for the Royal Bank of Canada (RBC), where he was responsible for providing primary oversight in the U.S. on all finance-related areas, including capital adequacy, financial planning, financial and regulatory reporting, and general business advisory.
The Secured Lender
SFNet's 40 Under 40 Awards Issue
© 2026 Secured Finance Network



