- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Asset-Based Lending & Factoring Surveys
- Republic Business Credit Adds Jerry Friedrichs as Senior Vice President to Strengthen Underwriting Excellence
- Clifford Chance Accelerates US Growth With Partner Adriana Zhan
- Vero Fiber Expands Credit Facility for Further Network Growth
TSL Express Daily Articles & News
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Fashion Powerhouse Jessica Simpson Partners with Schottenstein Backed Second Avenue Capital Partners
Second Avenue Capital Partners (SACP), the lending arm of SB360 Capital Partners (SB360), announced the closing of a $67.5 million term loan for The Jessica Simpson Collection, the $1 BILLION fashion empire and signature lifestyle brand inspired by and designed in collaboration with Jessica Simpson. The new financing will be used to retire an existing credit facility and provide additional liquidity to fund new growth and a rapidly expanding portfolio.
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The Digital Transformation is Severely Disrupting Retail: The Time for Action is Now
The transformation of retail is creating new and significant challenges for traditional retailers. Antony Karabus, CEO of HRC Advisory, explores those obstacles and offers solutions to help retailers survive – and even thrive — during these tumultuous times.
TSL Express Daily Headlines & News
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Prudential Bancorp, Inc. Receives Shareholder Approval for Merger with Fulton Financial Corporation
June 20, 2022Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) and Prudential Bancorp, Inc. (NASDAQ: PBIP) (“Prudential Bancorp”) today announced that Prudential Bancorp shareholders have voted to approve Fulton’s acquisition of Prudential Bancorp and its subsidiary, Prudential Bank, located in Philadelphia, with more than 98% of the votes cast being voted in favor of approving the Agreement and Plan of Merger (the “Merger Agreement”) that was previously announced on March 2, 2022.
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BankProv Welcomes Jean Kim as Senior Vice President of Sponsor Finance
June 20, 2022BankProv (NASDAQ: PVBC), a future-ready commercial bank offering adaptive and technology-first banking solutions and market-leading loan structures, is expanding their Sponsor Finance team, by hiring Jean Kim as Senior Vice President. She will lead business development efforts in the New York market with existing and new partner relationships.
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Percent Partners With Anzen to Offer Industry's First Credit Default Swap Protection on Private Credit Investment Offerings
June 20, 2022Percent, the platform powering the future of private markets, and Anzen, the first ever protocol for private credit protection, announced the launch of a new risk mitigation tool that offers accredited investors on Percent's platform seamless access to credit default swaps (CDS). This revolutionary new product provides a first-of-its-kind added level of protection in the case of a default or related event, potentially safeguarding investors from losses.
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Amerisource Closes $1,000,000 Working Capital Facility for Distribution Firm
June 20, 2022Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Pennsylvania-based automotive supply distribution firm. The firm is experiencing a period of rapid growth necessitating the need for working capital financing.
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Raich Ende Malter & Company to Join EisnerAmper
June 20, 2022Global business advisory firm EisnerAmper announced that the partners and staff of New York City-based accounting and advisory firm Raich Ende Malter & Co. LLP ("REM") will be joining EisnerAmper in a transaction anticipated to close in the summer of 2022.
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William Blair Expands Equity Capital Markets Group, Adding Managing Director in New York
June 17, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that it has expanded its equity capital markets team with the addition of Derek Caracciola. Joining in New York as a managing director on the private capital markets team, Caracciola draws on a career spanning more than 15 years focused on equity, equity linked, and debt private placements.
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Revlon Seeks Approval of up to $1.025B in DIP Funding
June 17, 2022As reported, Jefferies Finance is the administrative agent and collateral agent for the term DIP and MidCap Funding IV Trust is administrative agent and collateral agent for the ABL DIP (with Crystal Financial d/b/a SLR Credit Solutions serving in those capacities for the SISO DIP for as long as it is a lender under the SISO DIP).
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Whole Earth Brands, Inc. Increases Revolving Credit Facility to $125 Million
June 17, 2022Three lenders participated in the $50 million increase to the revolving credit facility agented by TD Securities: The Toronto-Dominion Bank, New York Branch, Truist Bank, and BMO Harris Bank N.A.
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IDB Bank Announces Daniel Roberts As New Chief Risk Officer
June 17, 2022- IDB Bank, a New York-based private and commercial bank, announced the appointment of Daniel Roberts as its new Chief Risk Officer (CRO). In his role, Roberts will be responsible for overseeing and maintaining the Bank's capacity to identify, measure, and manage financial and operational risk. He will report to Ziv Biron, IDB Bank's President & CEO.
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Loeb Announces Mary Jane Anderson as Vice President of Accounting and Finance
June 17, 2022Mary Jane Anderson has joined the team at Loeb as Vice President of Accounting and Finance. Mary Jane has more than 20 years of experience leading accounting and finance teams and managing large loan portfolios. Mary Jane is excited to join the team at Loeb and looks forward to helping continue its long legacy as a leader in the industrial asset lifecycle space.
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Huntington Bancshares Completes Acquisition of Capstone Partners
June 17, 2022Huntington Bancshares Incorporated (Nasdaq: HBAN) announced today it has completed its acquisition of Capstone Partners, a leading investment banking and advisory firm, creating a full-service banking experience for clients in Huntington's expanding capital markets and commercial banking franchise.
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J D Factors Announces Factoring Facilities
June 17, 2022J D Factors announced it has provided the following factoring facilities: $50,000 a transportation company in New Jersey; $100,000 to a transportation company in Ontario; $125,000 to a transportation company in North Carolina; $100,000 to a transportation company in Alberta.
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FTI Consulting Launches Corporate Finance & Restructuring Segment in Italy with Four Business Transformation and Restructuring Experts
June 16, 2022TI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm’s Corporate Finance & Restructuring segment in Milan with the appointment of four business transformation and restructuring senior hires, continuing its growth across Continental Europe and providing a permanent presence in Italy.
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MidOcean Partners Bolsters Team With Senior Hires
June 16, 2022MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that the firm has bolstered its team with two senior hires. Marshall Phelps will be joining the firm as a Managing Director and Partner within MidOcean Private Equity focusing on the firm’s Business Services vertical, and Jim Henderson has joined as a Managing Director on the Investor Relations team.
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TD Bank Names Robert Curley Regional President of Pennsylvania/New Jersey Metro
June 16, 2022TD Bank, America's Most Convenient Bank®, announced today it has appointed Robert (Rob) Curley III Regional President for its Pennsylvania/New Jersey Metro. He succeeds Michael Carbone following his retirement after 30 distinguished years at TD.
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M&T Bank Corporation President and Chief Operating Officer Rich Gold Announces Retirement
June 16, 2022Richard ("Rich") Gold, president and chief operating officer for M&T Bank Corporation (NYSE: MTB), has announced his intention to retire, effective after the first quarter of 2023. Gold plans to remain on the Board of Directors of M&T Bank.
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Cosmetics Giant Revlon Files for Chapter 11 Bankruptcy Protection
June 16, 2022Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $575 million in debtor-in-possession financing from its existing lender base, which will help to support its day-to-day operations. PJT Partners is acting as financial advisor to Revlon, and Alvarez & Marsal is acting as restructuring advisor.
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Clancy Appointed Chair of Nexia TRI Business Group
June 16, 2022CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Kevin Clancy, Partner and Global Director of its Restructuring and Dispute Resolution Practice, has been appointed Chair of the Nexia International Turnaround, Restructuring, Insolvency (TRI) Business Group.
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Hercules Capital Expands Its Credit Facilities to $720 Million to Support Strong Investment Portfolio Growth
June 15, 2022Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has increased its existing credit facilities with MUFG Bank, Ltd. (“MUFG”) and Sumitomo Mitsui Banking Corporation (“SMBC”).
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Kane Biotech Announces Amended Credit Facility
June 15, 2022Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF), (the “Company” or “Kane Biotech”), today announces that it has further amended its credit agreement with Pivot Financial Inc. (“Pivot”) maturing August 31, 2022 (the “Amended Credit Facility”).
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