- Franklin Capital Provides $500,000 Factoring Facility to Support Growth of a Women-Owned Recruitment Firm
- Kleinberg Kaplan Welcomes Norris Nissim as Partner in the Private Funds & Investment Management Practice
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- Georgia Banking Company, Inc. and Tandem Bancorp, Inc. Announce Completion of Merger
- CIBC Announces Senior Executive Leadership Changes
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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BMO Financial Group Hires Jim Dore as U.S. Managing Director, Retail Finance, Asset-Based Lending Group
BMO Financial Group announced today that it has hired Jim Dore as U.S. Managing Director, Retail Finance Originations, Asset-Based Lending. In this role and in partnership with Michael Ganann, U.S. Head of Retail Finance, Jim will primarily focus on calling nationwide on BMO clients, prospects, and referral sources in the retail and apparel industries. Jim will be based in Boston.
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Recently, People's United Bank, N.A., a subsidiary of People's United Financial, Inc., announced it had expanded its Commercial Specialty Business with the formation of a dedicated Lender Finance team. The Team is led by Patrick Lee, managing director, head of Lender Finance, and is an extension of the Bank's existing Asset-Based Lending group. The Team will work with non-bank lender finance companies nationally to provide tailored solutions of $10MM or more to help them achieve their near and long-term growth objectives.
Here, Patrick Lee discusses his background and new role.
TSL Express Daily Headlines & News
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TriplePoint Venture Growth BDC Corp. Announces Extension of its Revolving Credit Facility
July 25, 2022TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the “Company,” "TPVG," “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it has entered into an amendment to its revolving credit facility.
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Envision Healthcare Announces Entry into Liquidity Enhancing Transactions
July 25, 2022Envision Healthcare, a leading national medical group, today announced that it closed the first phase of a refinancing transaction with a majority of its first lien term loan lenders and, separately, consummated a refinancing transaction with its revolving lenders.
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NowVertical Group Completes Acquisition of Resonant Analytics
July 25, 2022NowVertical Group Inc., a big data, analytics and vertical intelligence (“VI”) software and services company, today announced that it has completed its previously announced acquisition of 100% of the issued and outstanding securities of Resonant Analytics, LLC, a USA-based guided solutions analytics firm. Concurrent with the closing of the Acquisition, NOW secured a credit facility with US-based MVB Bank.
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Commercial Finance Partners Expands ERC Funding Program
July 25, 2022Commercial Finance Partners is pleased to announce the expansion of the Employee Retention Funding Program that started in late 2021. Commercial Finance has facilitated financing for over $30,000,000 of credits to date and is now expanding the program to improve upon previously constrained size limitations and underwriting timelines.
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Capstone Extends and Expands Its Revolving Credit Facility
July 25, 2022The RCF is with Canadian Imperial Bank of Commerce (Co-Lead Arranger, Joint Bookrunner and Administrative Agent), The Bank of Nova Scotia (Co-Lead Arranger and Joint Bookrunner and Syndication Agent), ING Capital LLC (Co-Lead Arranger and Joint Bookrunner), National Bank of Canada (Joint Documentation Agent), Wells Fargo Bank, N.A., Canadian Branch (Joint Documentation Agent), Citibank N.A., Bank of Montreal and Royal Bank of Canada.
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Amerisource Closes $10,000,000 Revolver & R.E Term Loan Facility for Manufacturing Firm
July 25, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 ABL revolver on A/R and inventory and a real estate term loan facility for a Wisconsin-based automotive, truck, and aerospace component part designer and manufacturer.
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Republic Business Credit Provides $5 Million Direct to Consumer Asset-Based Loan to Retail Confectionary Manufacturer
July 25, 2022When a portfolio company of a California-based private equity firm sought to refinance and upsize its existing asset-based lending facility, the company partnered with Republic Business Credit. Republic provided a scalable, flexible and growth-orientated $5 million credit facility with full availability on retail inventory, wholesale inventory, merchant accounts and direct to consumer proceeds.
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The Bancorp Appoints Timothy Green as New Head of Fintech Lending
July 25, 2022Today, The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), announced that the Company has hired Timothy Green as Managing Director, Head of Fintech Lending. In this new role within The Bancorp Fintech Solutions division, Green will play an instrumental part in the development and execution of the Bank’s fintech lending strategy.
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CIT Commercial Services Promotes Tony Cheng to VP Client Service Officer
July 25, 2022CIT, a division of First Citizens Bank, is pleased to announce that Tony Cheng will now be serving as vice president, client service officer in its Commercial Services business. Cheng is based in Los Angeles and will be the primary contact for several clients in the Western Region.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces that Gianna Priolo has Joined the Company
July 25, 2022SLR Equipment Finance is pleased to announce Gianna Priolo has joined as a vice president of Business Development. In her role, Gianna will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers along the east coast of the U.S where she established relationships with manufacturers and major dealers across the country. Gianna was most recently with DLL Finance.
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PNC Bank Regional President Brian Bucher To Retire, Chris Kalin Named Regional President For North Florida
July 25, 2022PNC Bank has announced Brian Bucher will retire as regional president for North Florida effective Oct.7 following a distinguished 40-year career in financial services. Succeeding him will be PNC Senior Vice President of Corporate Banking and former BBVA USA executive Chris Kalin.
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Squire Patton Boggs Wins Turnaround of the Year Award for Ferrellgas Partners Restructuring
July 25, 2022Squire Patton Boggs has won the ‘Turnaround of the Year Award (large)’ for its innovative work on the Ferrellgas Partners pre-packaged chapter 11 restructuring. The Turnaround Atlas Awards, presented by Global M&A Network, recognize the best value-creating transactions, outstanding firms, professionals and leaders from the global restructuring, insolvency, and distressed investing communities.
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Gritstone Establishes Credit Facility for Up to $80 Million with Hercules Capital and Silicon Valley Bank
July 25, 2022Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company that aims to develop the world’s most potent vaccines, today announced it has entered into an $80 million credit facility with Hercules Capital, Inc. (NYSE: HTGC) and Silicon Valley Bank.
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Comvest Credit Partners Announces Investment in Fat Tuesday
July 25, 2022Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $105 million senior secured credit facility (the “Financing”) to Fat Tuesday (or the “Company”), one of the nation’s largest off-premise specialty beverage providers. The Financing will be used to fund the Company’s strategic acquisitions and business growth.
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B. Riley Earns Multiple Turnaround Atlas Awards in Recognition of Best Value-Creating Transactions
July 25, 2022B. Riley Financial, Inc. (NASDAQ: RILY), a diversified provider of business advisory and financial services, today announced it earned multiple awards at the 14th Annual Turnaround Atlas Awards. Presented by Global M&A Network, the Turnaround Atlas Awards recognize the best value-creating transactions, outstanding firms, professionals and leaders for their significant achievements in restructuring, insolvency, and distressed investing.
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TAB Bank Provides Electric Bike Company in Utah with a $10 Million Asset-Based Credit Facility
July 21, 2022TAB Bank is pleased to announce it has provided an electric bike company in Utah with a $10 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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VoltaGrid Closes Revolving Credit Facility to Advance its Carbon Reduction Power Generation and Fuels Platform
July 21, 2022VoltaGrid LLC ("VoltaGrid" or the "Company") today announced that the Company has entered into a senior secured revolving credit facility (the "Facility"). The Facility provides the Company immediate access to USD 60 million, and up to USD 150 million under certain conditions. BMO Capital Markets is acting as administrative agent for the Facility.
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J D Factors Announces Factoring Facilities
July 21, 2022J D Factors announced it has provided the following factoring facilities: $120,000 to a transportation company in California; $300,000 to a transportation company in Manitoba; $100,000 to a transportation company in Ontario; $350,000 to a transportation company in Illinois...
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Assembled Brands Announces an Increased Facility with its Longtime Partners at Linksoul
July 21, 2022Assembled Brands announced it has increased its facility with its longtime partners at Linksoul, a premium golf brand that specializes in high-quality sports gear and apparel. Co-founded by John Ashworth and run by an experienced team, Linksoul consists of a group of people that have been in men’s lifestyle clothing industries (golf and surfing) for decades. The brand offers golf apparel and gear with a strong focus on a healthy balance of work and leisure, family/community, and nature.
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Gridiron Capital Bolsters Centers of Excellence with the Addition of Alison Watts
July 21, 2022Gridiron Capital, LLC, an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Alison Watts has joined as Gridiron’s latest Operating Partner. Alison has extensive experience as a finance executive and CFO with more than 20 years of experience in financial management and strategy. Alison will be a great resource as Gridiron continues to build expertise within its Centers of Excellence.
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