- QuickLogic Establishes New Banking Relationship and Secures $10 Million Revolving Credit Facility
- Healthcare Bankruptcies Rose in Q1
- Briar Capital Real Estate Fund Provides $10.3MM Real Estate Loan to a Florida-Based Seafood Processor and Wholesaler
- Foothills Capital Advisory Secures Working Capital Facility for Top Pot Doughnuts
- Silver Rock Capital Partners Raises $4 Billion for Private Credit Capital Solutions Strategy
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Norma Kuntz Joins Gordon Brothers as President & Chief Operating Officer
Norma Kuntz has joined Gordon Brothers, the global advisory, restructuring and investment firm, as President and Chief Operating Officer and as a member of the board of directors.
Kuntz will work in partnership with senior leadership and the board of directors to guide Gordon Brothers’ continued, rapid growth and set the firm’s strategy. With nearly 25 years of experience in the private equity, asset management, alternative investment and financial services industries worldwide, she will be responsible for the firm’s operations.
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Committee Spotlight: Convention Programming Committee 2019
This column highlights the hard work and dedication of SFNet committee volunteers. Here we speak with David Morse, chair of the Convention Programming Committee 2019.
TSL Express Daily Headlines & News
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Natixis Corporate & Investment Banking Appoints Co-heads of Credit Americas, Reinforces Senior Appointments to U.S. CLO, Structured Credit Syndicate Businesses
July 11, 2022Natixis Corporate & Investment Banking ("Natixis CIB") today announced the appointments of Brad Roberts and David Williams as Co-Heads of Credit Americas, where they will be responsible for overseeing the Global Structured Credit & Solutions Group, as well as credit sales and trading at Natixis CIB.
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SFNet Announces Winners of Cross-Border Finance Essay Contest
July 11, 2022SFNet is pleased to announce the winners of the SFNet Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn. The following essays will appear in upcoming issues of The Secured Lender and in TSL Express. Authors of the winning essays will be invited to participate in a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11.
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Confidence Remains High in Secured Lending Industry Quarterly Report Shows
July 7, 2022Confidence in the asset-based lending market was positive in the first quarter but banks and other lenders are watchful of an economy that shows a mix of highs and lows, according to data released by the Secured Finance Network. SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.
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North Mill Reports Record-Breaking Quarter And Month
July 7, 2022North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, reported an all-time high in funding volume for the second quarter of 2022. Funded volume surged to $147 million, up 34% from the first quarter of 2022 and up 108% from the second quarter of 2021.
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Tradewind Finance Closes Credit Facility Structured in USD and Euro for Indian Chemicals Company
July 7, 2022Tradewind Finance announced today it has funded a rapidly-growing chemicals company based in India that manufactures solutions and dyes intended for a variety of applications, including pharmaceuticals, food processing, and personal care products. The funding is being used for working capital purposes, including the purchase of raw materials.
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Assembled Brands Announces the Hiring of Clifford Davis II
July 7, 2022Assembled Brands continues its growth hiring and is pleased to announce that Clifford Davis II has joined its team as an ABL Portfolio Analyst in Los Angeles, CA. In this role, Davis is responsible for portfolio management, operational and collateral compliance, monitoring as well as reporting.
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King & Spalding Adds Corporate Partner Kathleen Blaszak in Northern Virginia
July 7, 2022King & Spalding announced today that Kathleen “Katie” Blaszak has joined the firm as a partner in the Corporate, Finance and Investments (CFI) Practice Group. She is based in the firm’s Northern Virginia office.
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Helix Energy Solutions Announces Completion of Acquisition of Alliance and Amendment to its ABL Facility
July 7, 2022Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today its successful completion of the previously announced acquisition of all of the equity interests of the Alliance group of companies (collectively “Alliance”), expanding its decommissioning presence in the Gulf of Mexico shelf and advancing Helix’s environmental, social and governance (“ESG”) initiatives by responsibly supporting end-of-life requirements of oil and gas projects. Bank of America, N.A. serves as Administrative Agent for the ABL facility.
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Leading Restructuring Partner Steve Hessler Joins Sidley as Global Practice Leader
July 7, 2022idley Austin LLP is pleased to welcome Stephen E. Hessler as the global practice leader of the Restructuring group. He will be based in the New York office and joins after almost two decades at Kirkland & Ellis LLP, where he led some of the most significant chapter 11 cases in history — including, most recently, Frontier Communications and Windstream Holdings.
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FTI Consulting Strengthens Corporate Finance & Restructuring Segment with Appointment of Senior Managing Director Martin Wong
July 7, 2022FTI Consulting, Inc. (NYSE: FCN) today announced its continued investment in its Corporate Finance & Restructuring segment in Asia with the appointment of Martin Wong as a Senior Managing Director. Based in Singapore, Mr. Wong brings over 24 years of experience in rehabilitative corporate restructuring and insolvency administration involving judicial management appointments, schemes of arrangement, receiverships, and voluntary and court liquidation.
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Pivotal Capital Secures $55 Million in Funding Facilities
July 7, 2022Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), a fintech lender servicing the alternative auto finance market, announced today that its wholly owned subsidiary, Pivotal Capital Corp. (“Pivotal”) has secured an additional Funding Facility (the “Facility”) with Mitsubishi HC Capital Canada, Inc. (“MHCCA”).
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Commercial Chapter 11 Filings Increase 29 Percent in June from Last Year, Total Filings Decrease Slightly
July 7, 2022The 447 commercial chapter 11 filings in June represented a 29 percent increase from the 347 filings in June 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings decreased 7 percent in June 2022, as the 1,864 filings were down from the 1,999 commercial filings registered in June 2021.
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RefleXion Announces Closing of $125M Debt Facility for Expanding Cancer Treatment
July 7, 2022RefleXion Medical, a therapeutic oncology company pioneering the use of biology-guided radiotherapy (BgRT)* for all stages of cancer, today announced the closing of a $125M debt facility, of which $55M is available immediately to repay the company’s existing $50M of debt.
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Bank of America Names Brian King President of Maine
July 7, 2022Bank of America has named Brian King president of Bank of America Maine. King succeeds Bill Williamson, who held the position for 10 years and has announced his decision to retire next year after more than 40 years with the company. As president, King will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies across Maine.
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Customized Business Support: Regions Bank Announces Commercial Corporate Finance Team
July 7, 2022Regions Bank on Wednesday formally announced the establishment and continued business growth of a Commercial Corporate Finance (CCF) team that is connecting business leaders with specialized resources, insights, and guidance on opportunities including ownership transitions, financing alternatives, and risk management. The team is led by Coulter Warlick, who joined Regions in 2021 to develop and launch this team.
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Gordon Brothers Acquires Unused Accommodation Barge Robyn S from Vanguard Shipping Limited for Immediate Sale
July 7, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the Robyn S accommodation barge from Vanguard Shipping Limited. The firm is managing the disposition of Robyn S, which is available for immediate sale to the international marine, shipping and offshore markets.
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Wintrust Receivables Finance Announces the closing of a new $4,500,000 Line of Credit for a Fast-growing Managed Transportation Company
July 7, 2022Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,500,000 account receivable line of credit for a fast growing Managed Transportation Company. The east coast based firm specializes in managing the in-bound and out-bound freight for a number of middle market manufactures, and distributers around the country.
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Columbia Bank Expands Business Lending Division Into Utah With Key Leadership Hires
July 6, 2022Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) ("Columbia"), today announced the expansion of its Business Lending Division into Utah with the hires of veteran Salt Lake City-area bankers Jeffrey Thomas and James Divver.
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Swift Lending Expands With A $30mm Senior Credit Facility Provided By Encina Lender Finance
July 6, 2022Swift Lending (“Swift”), a national private commercial real estate lender,today announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance. Swift provides bridge loans to qualified real estate investors active in the residential real estate marketplace.
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Cambridge Savings Bank Supports the Construction of Lovell Arena with $20 Million Participation Loan
July 6, 2022Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Corporate Banking team led the financing for the ground-up construction of Lovell Arena with a $20 million participation loan as part of the $30 million project.
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