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TSL Express Daily Articles & News
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Gordon Brothers Expands Capital Base to Over $1 Billion with New CPP Investments Financing
Gordon Brothers, the global advisory, restructuring and investment firm, has received $300 million in financing from Canada Pension Plan Investment Board (CPP Investments) through its subsidiary CPPIB Credit Investments Inc., increasing the firm’s capital base to over $1 billion.
This financing will fuel the continued rapid growth of the firm’s capital offerings, which generated over $700 million in originations worldwide in 2021, building on billions of assets traded and financed in recent years.
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TSL Express Daily Headlines & News
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Surge Energy America Announces Increased Borrowing Base and Elected Commitments of Revolving Credit Facility
April 21, 2022Surge Energy US Holdings Company ("Surge Energy" or the "Company") announces an increased borrowing base from $1.2 billion to $1.5 billion and elected commitments from $860 million to $935 million on the Company's revolving credit facility ("Credit Facility"). The increases are in connection with the Credit Facility's regularly scheduled semi-annual redetermination that recently closed.
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CIT Northbridge Provides $145 Million Credit Facility to Natural Gas Compression Systems
April 21, 2022CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems Inc.
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Finitive Names Joshua Meltzer Managing Director of New Intellectual Property Finance Group
April 21, 2022Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, today announced that it has named Joshua Meltzer as Managing Director and head of the firm's newly formed Intellectual Property (IP) Finance Group.
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Siena Lending Group Adds Duane Morrison to Lead Canadian Expansion
April 20, 2022Siena Lending Group LLC ("Siena"), through its newly formed subsidiary, Siena Lending Group Canada, LLC, is pleased to announce the addition of Duane Morrison, who will be responsible for leading the company’s expansion into Canada. Based in Toronto, Morrison will maintain Siena’s core business of providing creative asset-based lending (ABL) solutions from CAD 7.5 million to CAD 50 million that will deliver maximum flexibility and liquidity for middle-market companies.
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Clarus Corporation Announces Upsized $425 Million Credit Agreement
April 20, 2022Clarus Corporation announced that it has amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank, N.A. and Bank of America, N.A. with U.S. Bank National Association, Regions Bank, Wells Fargo Bank National Association, Texas Capital Bank National Association and Zions Bank participating in the lender group.
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DRI Healthcare Trust Announces Upsized Credit Facility
April 20, 2022The lending syndicate is comprised of Canadian Imperial Bank of Commerce and HSBC Bank Canada as Co-Lead Arrangers, and includes Royal Bank of Canada; The Bank of Nova Scotia; Bank of America, N.A.; National Bank of Canada; and JP Morgan Chase Bank, N.A.
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Jennifer Kempton Accepts Managing Director and Business Development Officer Role at CIBC
April 20, 2022Jennifer Kempton has accepted the role as managing director and business development officer covering Illinois, Indiana, and the Upper Midwest. With over 16 years of industry experience, she will focus on originating new asset-based lending customers in the Midwest and will continue to serve as a strategic underwriter for the asset-based lending team.
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LSQ Unveils Comprehensive Payments Management as Part of FastTrack Platform
April 20, 2022LSQ, a leading provider of working capital finance and payments solutions, announces the launch of payments management as part of its LSQ FastTrack® platform for corporate buyers. With these new FastTrack payment features, businesses on the platform can fully automate their payments processes across all payment methods while giving suppliers payment certainty whether they are paid early or at terms.
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Business Law Firm Cohn & Dussi Opens Rhode Island Office
April 20, 2022Cohn & Dussi, a full-service business law firm with its principal office in Boston, announced today that it has opened an office in Providence, Rhode Island. For more than 25 years, Cohn & Dussi has built a reputation for excellence in practice areas that include collection on breaches of equipment lease, finance and rental agreements, workouts, litigation, bankruptcy replevins, real estate, documentation, and other matters.
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Fifth Third Business Capital Provides $27.8 Million Revolving Line of Credit to Comfort Research, LLC
April 20, 2022Comfort Research is a manufacturer of affordable furniture, pool products, and outdoor furniture with its primary line of products being the Big Joe™ brand of bean bag chairs. The Company has three manufacturing and distribution facilities, located in Grand Rapids, MI, Lewisburg, TN, and Tremonton, UT. Major customers include Walmart/Sam's Club, Costco, and Amazon.
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Red White & Bloom Completes Company-wide Restructuring Eliminating $115 Million in Liabilities and Over $22 Million in Annual Expenses
April 20, 2022Red White & Bloom Brands Inc. (CSE: RWB and OTC:RWBYF) (“RWB” or the “Company”) a multi-state cannabis operator and house of premium brands, announces a series of transaction and operational decisions to strengthen the balance sheet and provide significant operation cost reductions in 2022, including closing the sale of its Granville, Illinois property to New Branches, LLC, and repayment of $51.7 million of secured debt.
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Nogin and Software Acquisition Group III Announce PIPE Financing
April 20, 2022Nogin, Inc.(“Nogin” or the “Company”), a leading provider of Commerce-as-a-Service technology, and Software Acquisition Group Inc. III (Nasdaq: SWAG) (“SWAG III”), a special purpose acquisition company, announced today that the Company has obtained commitments for $60 million in convertible note financing (the “PIPE Financing”) for the public company led by funds managed by UBS Asset Management’s Hedge Fund Solutions business (“UBS”) and also including commitments from Tenor Capital Management and Jonathan Huberman, Chief Executive Officer of SWAG III.
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Bausch + Lomb Corporation Seeking to Enter Into New Credit Facilities to Facilitate Previously Announced Separation from Bausch Health
April 20, 2022Bausch Health Companies Inc. announced today that, in connection with its previously announced intention to separate its eye health business, its wholly owned subsidiary, Bausch + Lomb Corporation ("Bausch + Lomb"), is seeking to enter into a new credit agreement (the "Bausch + Lomb Credit Agreement"), which is expected to include a $2.5 billion term B loan facility and $500 million revolving facility.
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Alvarez & Marsal Further Enhances Transformation Capabilities with Addition of Barb Dawson as a Managing Director
April 20, 2022Leading global professional services firm Alvarez & Marsal (A&M) continues its transformation offerings expansion with the addition of Barb Dawson as a Chicago-based Managing Director with A&M’s Corporate Performance Improvement (CPI) practice.
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Brightwood Announces Appointment of Frederick Jelks and Chris Halajian as Directors
April 20, 2022Brightwood Capital Advisors ("Brightwood"), a leading private credit and impact firm, today announced the appointment of Frederick Jelks as a Director in the firm's Risk group and Chris Halajian as a Director in the firm's Underwriting group.
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Triumph Bancorp Announces Strategic Executive Management Reorganization
April 20, 2022Under the reorganization: Ed Schreyer has been named chief operating officer of Triumph Bancorp and its primary operating subsidiary, TBK Bank, SSB; Gail Lehmann has been named chief regulatory and governance officer of Triumph Bancorp and TBK Bank; Todd Ritterbusch has been named president of TBK Bank and Melissa Forman has been named president of TriumphPay, a division of TBK Bank.
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First Business Bank Funds $4.5 Million Factoring Facility to Transportation Company
April 20, 2022First Business Bank announces the funding of a $4.5 million accounts receivable factoring facility by its Accounts Receivable Financing group. Our new client is a successful transportation company facing growth challenges. This facility will support the client’s continued growth.
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Excelerate Energy Closes $350 Million Revolving Credit Facility
April 19, 2022Excelerate Energy, Inc. (NYSE: EE) ("Excelerate" or the "Company") today announced that the Company and Excelerate Energy Limited Partnership (the "Borrower") have entered into a senior secured revolving credit facility (the "Facility"). The Facility enables the Borrower to borrow up to $350 million over a three-year term which expires in April 2025.
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Daniel Forman Joins Ropes & Gray in New York as a Partner in the Capital Markets Practice
April 19, 2022Global law firm Ropes & Gray today announced that Daniel Forman has joined the firm’s 500-lawyer New York office as a partner in the capital markets practice. Daniel’s arrival deepens the firm’s bench of partners who advise leading corporate issuers, private equity firms and investment banks on their largest and most complex securities work.
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Kalera Secures $30 Million Credit Facility
April 19, 2022Kalera AS (“Kalera” or the “Company”) (Euronext Growth Oslo: KAL, Bloomberg: KSLLF), one of the preeminent leafy green vertical farming companies and a leader in plant science for producing high-quality produce in controlled environments, today announced that it has secured a ten-year, $30 million Senior Secured Credit Facility with Farm Credit of Central Florida (”FCCF” or “Farm Credit”) to support capital expenditures and working capital needs of the Company across the entire United States.
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