- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
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TSL Express Daily Articles & News
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Second Avenue Capital Partners Closes On A Senior Secured Credit Facility For myGemma
Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced it has closed on a $10,000,000 senior secured credit facility (which includes an accordion feature) for myGemma, a modern and professional alternative for consumers wanting to buy or sell high-end luxury goods. The credit facility will be used to support increased working capital and additional inventory purchases as the business continues to rapidly grow.
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In a priority dispute between a bank and two nurseries, the bank prevailed. The dispute concerned who held the senior lien in over a million dollars’ worth of trees and shrubs in three states. By Samuel R. Henninger
TSL Express Daily Headlines & News
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World Class Automotive Injection Molding and Chrome Plating Facility Goes to Auction - COVID Disruption of Supply Chains Creates Opportunity for Acquiring Late Model Plastic Injection Molding Equipment in Queretaro, Mexico
April 27, 2022An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on May 12 in Colon, Queretaro, Mexico, announced PPL Group. Most of the equipment is new as of 2017, 2018 and 2019.
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J D Factors Provides Factoring Facilities
April 27, 2022J D Factors announced it has provided the following factoring facilities: $120,000 to a transportation company in Indiana; $100,000 to a transportation company in Ontario; $250,000 to a transportation company in Ohio; $250,000 to a transportation company in Illinois.
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Winston & Strawn Represents US Tiger Securities, Inc.
April 27, 2022Winston & Strawn represented US Tiger Securities, Inc. in connection with Aimfinity Investment Corp. I (NASDAQ: AIMA, the "Company"), which announced the pricing its initial public offering ("IPO") of 7,000,000 units at a price of $10.00 per unit.
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First Business Bank Funds $3 Million Factoring Facility to Waste Management Company
April 27, 2022First Business Bank announces the funding of a $3 million accounts receivable factoring facility by its Accounts Receivable Financing group. Our new client operates a recycling business as well as several landfills. The facility will help augment the company’s cash flow following an acquisition.
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Kayne Anderson Private Credit Closes Fourth U.S. Middle Market Senior Credit Fund
April 27, 2022Kayne Anderson Private Credit (“KAPC”), the middle market private credit group of Kayne Anderson Capital Advisors, L.P., announced today it had successfully closed the firm’s fourth middle market senior credit fund, Kayne Senior Credit Fund IV (“KSCF IV”).
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Am Law 100 Bankruptcy Practice Leader Kurt Mayr Joins Glenn Agre
April 27, 2022Glenn Agre Bergman & Fuentes LLP, the bankruptcy and trial law firm that launched in 2021, has taken a major step forward in its evolution with the addition of Kurt Mayr, most recently the head of the bankruptcy practice at Morgan Lewis & Bockius, LLP.
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The First Bancshares, Inc. Announces Proposed Acquisition of Beach Bancorp, Inc.
April 27, 2022The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or “the Company”), holding company for The First Bank (“The First”), announced today that it has entered into a definitive agreement to acquire Beach Bancorp, Inc. (“BBI”), parent company of Beach Bank based in Fort Walton Beach, Florida.
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Establishment Labs Enters Into $225 Million Credit Facility With Oaktree
April 27, 2022Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has entered into a $225 million term loan financing facility with funds managed by Oaktree Capital Management, L.P.
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AGP Group Announces US$250 Million Expansion Debt Funding
April 27, 2022AGP Group (“AGP” or “the company”), a global leader in the design and production of specialty automotive glazing components, today announced it has entered into a debt financing agreement with OMERS Capital Markets (“OMERS”) and BMO Financial Group (“BMO”) to provide up to US$250 million in a senior secured term loan facility.
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IBI Investment House and CIFC Launch Structured Credit Mutual Fund
April 27, 2022IBI Investment House Ltd. (“IBI”), one of Israel's leading investment houses, announced the launch of IBI CLO Strategies Fund, a fund investing in collateralized loan obligation (“CLO”) debt, equity, and warehouses (the "Fund").
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VOX Funding Secures $40M Credit Facility with Fortress Investment Group
April 26, 2022VOX Funding, an alternative finance company, announced today the closing of a $40M credit facility with funds managed by affiliates of Fortress Investment Group (“Fortress”). This 3-year term facility is expandable up to $75M and will be used to further VOX’s ability to fund short-term bridge capital to small-to-medium size enterprises (“SMEs”) nationwide.
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Vobile Group Secures More Than $127 Million In Acquisition Financing Through HSBC
April 26, 2022Vobile Group Limited (SEHK: 3738;OTCQX: VOBIF), a global leader in Software-as-a-Service for online video content protection and monetization, has secured more than US$127 million in facility for its proposed acquisition of Particle Culture Technology Group in mainland China.
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Bridge Bank Provides $7.5 Million Credit Facility to Support Blue Sky eLearn’s Growth
April 26, 2022Bridge Bank today announced its Structured Finance Group has closed on credit facilities totaling $7.5 million for San Diego-based Blue Sky eLearn. Blue Sky eLearn, sponsored by McCarthy Capital, plans to use the funds as working capital to support its growth.
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Annaly Capital Agrees to Sell Middle Market Lending Portfolio for $2.4B
April 26, 2022Annaly Capital Management Inc. agreed to sell its middle market lending portfolio to Ares Capital Management LLC, a subsidiary of Ares Management Corp. Ares Capital Management entered into a definitive agreement to acquire, on behalf of funds managed by Ares Management's credit group, the middle market lending portfolio from Annaly for approximately $2.4 billion.
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Monroe Capital Supports Frontenac’s Recapitalization of Dealer Services Network
April 26, 2022Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization and future growth of Dealer Services Network (“DSN”) by private equity sponsor Frontenac.
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Winston & Strawn Represents Convene
April 26, 2022Winston & Strawn represented Convene, the leading hybrid meeting, event, and workspace provider, in its recapitalization plan, led by HBC, a holding company at the intersection of real estate, technology and retail, and a fund managed by the Private Equity Group of Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager.
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Briar Capital Real Estate Fund Announces the Successful Closing of a $3.5MM Commercial Real Estate Bridge Loan for a Troubled Property Located in Phoenix, Arizona
April 26, 2022Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the successful closing of a $3.5MM commercial real estate bridge loan for a troubled property located in Phoenix, Arizona. The property, which had been vacant since the onset of COVID-19, sustained fire damage during the vacancy period and was the subject of a foreclosure sale slated to take place in late March 2022.
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InterNex Capital Provides $1.5 Million in Financing to Technology Company
April 26, 2022InterNex Capital provided a $1.5 million line of credit to a technology company serving the construction industry and based in the Northeast US. The company sought a flexible funding facility to support their projected growth and capital requirements, and an integrated technology solution to enhance their overall working capital and receivables management processes.
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Citizens Advises DSG Consulting on its Acquisition by Corporate Visions
April 26, 2022Citizens M&A Advisory announced today that it served as the exclusive financial advisor to DSG Consulting, LLC on its sale to Corporate Visions, Inc., a portfolio company of The Riverside Company. DSG is a technology-enabled growth consultancy that helps B2B companies accelerate revenue growth through a modern video-based playbook approach
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GlobalData Names top M&A Financial and Legal Advisers in South & Central America for Q1 2022
April 26, 2022Rothschild & Co and JP Morgan have been identified as the top mergers and acquisitions (M&A) financial advisers in South & Central America region for Q1 2022, according to the latest Financial Advisers League Table by GlobalData.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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