- Ashtrom Renewable Energy Completes Financial Close for Another Renewable Energy Project in the U.S.
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Faccorp Funds Three New Factoring Facilities so far Q1; Supporting Growth Across Security, Infrastructure, and Energy Sectors
- BridgePeak Energy Capital Announces Record 2025 Results, Closing Over $1.7 Billion in Loans
- GA Group adds Restaurant Industry Veteran, Craig S. Miller as Senior Advisor, Global Restaurant & Franchise Strategy
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Access Capital, Inc., the nation’s leading independent lender to the staffing industry, announced today that Terry M. Keating has been named as its Chief Executive Officer.
Terry has more than 30 years of senior management experience in the financial services industry, including most recently leading an asset-based lending business, in addition to 15 years serving as a lender to the asset-based lending industry and ten years as a consultant and investment banker serving the industry.
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U.S. Completes Ratification Process for U.N. Receivables Convention
In a previous issue of TSL Express, we noted that, on January 2, 2019, the United States Senate gave its advice and consent to the United Nations Convention to the United Nations Assignment of Receivables in International Trade. At the time, we noted that all that remained to complete the ratification process was for the White House to authorize the deposit of the Convention with the United Nations Treaty Office. We are pleased to report that this step has finally occurred, 16 years after the Convention was signed by the United States. The SFNet is proud to have played a role in the drafting of the Convention and its adoption
TSL Express Daily Headlines & News
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SVPGlobal Expands Investment Team with Addition of Dedicated Aviation Professionals, Deepening Its Focus on Opportunities Globally
August 1, 2022Strategic Value Partners, LLC and its affiliates ("SVPGlobal"), a global investment firm with over $18 billion of assets under management, today announced that it has added three senior aviation-focused professionals to its investment team to capture investment and aircraft management opportunities globally.
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GoldenTree Announces Closing of $487 Million CLO Under GLM Strategy
August 1, 2022GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers "GoldenTree"), announced the closing of a $487 million collateralized loan obligation ("CLO") to be managed by GLM II.
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ONB Names Rafael A. Sanchez to new Executive Leadership Role to Help Support and Advance Underrepresented Communities
August 1, 2022Old National Bank is pleased to name Rafael A. Sanchez as EVP, Chief Impact Officer. In this critical new executive leadership position, Sanchez will develop and lead corporate initiatives and partnerships that focus on the financial advancement of underrepresented communities.
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Robertson “Clay” Jones Named President and Chief Executive Officer of Heritage Commerce Corp
August 1, 2022Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company’) for Heritage Bank of Commerce (the “Bank” or “HBC”), today announced that Walter T. Kaczmarek will be stepping down as President and Chief Executive Officer of the Company, effective September 15, 2022.
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McKernan Joins Webster Bank as Managing Director, ABL Originations
August 1, 2022Webster Bank is pleased to announce that it is expanding its commitment to its Asset Based Lending division with the addition of Chris McKernan as Managing Director, ABL Originations. McKernan will report to David Viggiano, Sales Manager, West Region, Asset Based Lending.
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Star Funding, Inc. Provides $7,000,000 Purchase Order Finance and Accounts Receivable Factoring Program for a Walmart Supplier of Hearing Products
August 1, 2022Star Funding, Inc. a New York City based provider of purchase order financing and factoring, announces the completion of a $7,000,000 purchase order finance and factoring facility to support a fast-growing supplier of hearing products to Walmart.
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Converge Announces $500 Million Global Revolving Credit Facility and TSX Normal Course Issuer Bid
July 28, 2022Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF), a software-enabled IT & Cloud Solutions provider, is pleased to announce it has refinanced its existing $300 million ABL credit facility with a new five-year $500 million global revolving credit facility (the “Global Credit Facility”) led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers, with the Bank of Nova Scotia, the Toronto-Dominion Bank, and the Bank of Montreal participating in the lender group.
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Equinox Gold Strengthens Balance Sheet with Updated Credit Facility
July 28, 2022Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility.
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First Business Bank’s Asset-Based Lending Group Funds $10 Million Credit Facility
July 28, 2022Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit, equipment term loan, and real estate term loan for an infrastructure and foundation repair company seeking to refinance.
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Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Second Quarter and Last Twelve Months
July 28, 2022Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments across 58 transactions during the second quarter of 2022 and approximately $31.8 billion in direct lending commitments across 259 transactions in the last twelve-month period ended June 30, 2022.
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FNB Expands Presence in Virginia and D.C. Metropolitan Area
July 28, 2022F.N.B. Corporation (NYSE: FNB) announced its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C. area and plans to extend its significant commercial banking operations into Richmond with a new loan origination center.
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First Internet Bank Adds New Senior Business Development Officer to SBA Lending Team
July 28, 2022First Internet Bank announced today the addition of Paul DePasquale to its Small Business Administration (SBA) Lending team as Vice President, Senior Business Development Officer. The move further demonstrates the Bank’s commitment to small businesses nationwide.
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First Eagle Alternative Credit Announces Close of Over $1 Billion Fifth Direct Lending Fund
July 28, 2022First Eagle Alternative Credit ("FEAC" or “the Firm”), the $21 billion credit platform of First Eagle Investments, today announced the close of its fifth direct lending fund at over $1 billion in total available capital, including leverage (the “Direct Lending Fund V”). In the past 12 months, the Firm has created over $2.2 billion in available capital to support its robust direct lending origination business through two middle market CLOs, an interval fund, and separate accounts in addition to the Direct Lending Fund V.
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Citizens Business Conditions Index™ Moderates From Q1 Peak
July 28, 2022Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) dropped to 52.9 in the second quarter of 2022, down from its eight-year peak of 59.5 at the end of the first quarter, but extending its streak to seven straight quarters above 50, indicating continued growth conditions for businesses.
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Gridiron Capital Promotes Aaron Stoppelmann to Vice President
July 28, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Aaron Stoppelmann has been promoted to Vice President.
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White & Case Advises Lenders on Financing to Ambienta SGR
July 28, 2022Global law firm White & Case LLP has advised the lenders on a senior term and revolving credit facility entered into by Ambienta SGR to finance the acquisition of Calpeda S.p.A., a global manufacturer of pumps, motors and systems for the integrated water cycle.
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Elevation Oncology Secures $50 Million Loan Facility with K2 HealthVentures
July 28, 2022Elevation Oncology, Inc. (Nasdaq: ELEV), a clinical stage biopharmaceutical company focused on the development of precision oncology products for patients with genomically defined cancers, today announced that it has secured a $50 million senior secured loan facility from funds managed by K2 HealthVentures, a leading healthcare-focused investment firm. The
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A&G Wins ‘Real Estate Restructuring Firm of the Year’ at 14th Annual Turnaround Atlas Awards
July 27, 2022A&G Real Estate Partners was named “Real Estate Restructuring Firm of the Year” at Global M&A Network’s 14th Annual Turnaround Atlas Awards. The July 21 announcement marked the third consecutive year in which the Melville-based advisory firm has received the honor. A&G specializes in occupancy-cost reductions, lease optimization and real estate sales nationwide.
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InPlay Oil Corp. Announces Renewal of Credit Facility and Provides Operations Update
July 27, 2022InPlay Oil Corp. is pleased to provide an operations update and announce the completion of the annual renewal of its syndicated Senior Credit Facility. InPlay’s Senior Credit Facility remains unchanged in lending capacity and has been renewed at $79 million comprised of a $65 million revolving facility(1) and the remaining $14 million term facility. The borrowing base of the revolving facility has been reconfirmed at the same amount of $65 million and the term out date extended to November 30, 2022.
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Republic Business Credit Helps Meet High Demand for Traveling Nurses During Pandemic
July 27, 2022Fast AR Funding, a program of Republic Business Credit, provided a $400,000 growth-orientated selective factoring solution with a high advance rate to jumpstart the company’s founding. The partnership with Fast AR and its decade-long track record of flexibility enabled the company to address market and customer needs without having to worry about how fast they were growing.
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