- Capital Southwest and Trinity Capital Announce Formation of New Joint Venture
- Commercial Finance Partners Closes $4.5 Million Asset-Based Lending and Mezzanine Financing for Southeast Metals Manufacturer
- American Public Education, Inc. Completes Refinancing with New $130 Million Senior Secured Credit Facility
- Ben Ellis Joins Windels Marx as Special Counsel
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
TSL Express Daily Articles & News
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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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Geopolitical Strategist Peter Zeihan is a global energy, demographic and security expert. Zeihan’s worldview marries the realities of geography and populations to a deep understanding of how global politics impact markets and economic trends, helping industry leaders navigate today’s complex mix of geopolitical risks and opportunities. Zeihan will be the keynote speaker at SFNet’s Annual Convention in New York City, November 13-15.
TSL Express Daily Headlines & News
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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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Tradewind Finance Provides Funding to Sustainable Leather Handbags Manufacturer based in India
July 27, 2022Tradewind Finance has closed a $350,000 credit facility for a leather handbag manufacturer based in India. The company exports their wares to Canada and the USA to stock the shelves of a retailer beloved for selling brand names at affordable prices.
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Prestige Capital Supports the Work and Expansion of a Joint Commission Certified Medical Staffing Company with $1,000,000 in Funding
July 27, 2022Prestige provided a $1,000,000 invoice finance facility to handle immediate cash needs and will continue to increase the line as the client grows and acquires new entities.
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Huntington Business Credit Closes Credit Facilities with American Kenda Rubber Industrial Co. Ltd. (dba Kenda USA)
July 27, 2022Huntington Business Credit announced it closed $35,000,000 in new credit facilities with American Kenda Rubber Industrial Co. Ltd. (dba Kenda USA) on June 28, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
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VSS Capital Partners Announces the Hires of Eric Kim and Sai Parepally
July 27, 2022VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, business services and education industries, today announced the addition of Eric Kim as Principal and Sai Parepally as Vice President, respectively. Leveraging their experience in the healthcare, IT, and financial services sectors, the executives will work collaboratively with VSS’ investment professionals to source new transactions, perform due diligence and support portfolio company management teams.
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Inozyme Pharma Secures Flexible Debt Facility for up to $70 Million with K2 HealthVentures
July 27, 2022Inozyme Pharma, Inc. (Nasdaq: INZY), a clinical-stage rare disease biopharmaceutical company developing novel therapeutics for the treatment of abnormal mineralization, today announced that it has entered into a debt financing facility for up to $70 million with K2 HealthVentures (K2HV), a healthcare-focused specialty finance company.
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Versana Hires Industry Veteran David Kamp as Chief Technology Officer
July 27, 2022Versana announced that industry veteran David Kamp has joined the firm as Chief Technology Officer (CTO). In this role, Kamp is responsible for Versana's technology strategy, while building and managing its engineering and development teams. Versana is building a leading-edge, centralized syndicated loan platform that will digitally connect agent banks and institutional lenders on a real-time basis, bringing unprecedented data quality, transparency, and velocity to this $5 trillion market.
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Bay Point Advisors Funds $31.4 Million Senior Loan to Kirkland Development
July 27, 2022ay Point Advisors, LLC has provided a $31.4 million loan to Kirkland Development to finance the opening of an eight-story, 138 room waterfront Hotel Indigo in Vancouver, WA. The hotel will feature an indoor atrium with a glass ceiling, the city’s first rooftop bar, two restaurants (El Gaucho and 13 Coins), a coffee shop, and the Vancouver Waterfront District’s first liquor store.
The Secured Lender
SFNet's The Women in Secured Finance Issue



