- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- GA Group adds Restaurant Industry Veteran, Craig S. Miller as Senior Advisor, Global Restaurant & Franchise Strategy
- Baker Garrington and Liquid Capital Announce Recent Financings
- Honigman Continues Chicago Private Equity Expansion with Big Law Partners from Kirkland, Ropes & Gray
- News Detail
TSL Express Daily Articles & News
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $26.8 Million in Commercial Financing to 43 Businesses in the Second Half of April
Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $12,801,160 in ABL/factoring financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,080,680 in 11 new large ticket transactions and $2,320,351 in 20 new small ticket vendor transactions; and the Structured Finance group provided $1,600,000 in financing for one new client in the second half of April.
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Middle-Market Companies Find Opportunity in Food & Beverage Disruption
Capital One executives discuss how innovation in the food & beverage sector are making it an industry lenders don’t want to ignore.
TSL Express Daily Headlines & News
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LSQ Creates $1MM Credit Facility, AR Management Program for International Toiletry Products Manufacturer/Distributor
June 30, 2022LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1 million credit facility and accounts receivable management program for an international manufacturer and distributor of private label bath, body and home fragrance products.
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B. Riley Enhances Retail Solutions Leadership with Addition of Timothy J. Shilling
June 30, 2022B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.
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Summit Bank Announces Matt Dynice Promoted to Senior Vice President, Credit Administrator
June 30, 2022Craig Wanichek, CEO & President, announced today the promotion of Matt Dynice to Senior Vice President, Credit Administrator at Summit Bank. He has over 20 years of commercial banking experience. He is highly skilled in Commercial and Industrial banking.
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Gordon Brothers and Ciminelli Real Estate Corporation Joint Venture Acquires Greater Boston Research & Development Building for $19.8M
June 30, 2022Gordon Brothers, the global advisory, restructuring and investment firm, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million.
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Riveron Acquires Clermont Partners, Significantly Expanding its ESG and Investor Relations Capabilities
June 30, 2022Riveron, a national business advisory firm, announced today its acquisition of Clermont Partners (Clermont), a women-owned consultancy specializing in environmental, social, and governance (ESG) communications and strategy, investor relations, and transaction communications.
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Winston & Strawn’s Expanding Miami Office Adds Two Partners: A Leading Corporate / Financial Services Lawyer and an Experienced Litigator
June 30, 2022Winston & Strawn LLP announced the addition of two partners to the firm’s rapidly growing Miami office: Carl A. Fornaris, who joins the Transactions Department, and Jared R. Kessler, who joins the firm’s Litigation Department. Carl comes from the Miami office of Greenberg Traurig, LLP, where he was co-chair of both the Financial Regulatory and Compliance Practice and the Blockchain and Digital Assets Group. Jared also comes from Greenberg’s Miami office.
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Consumer Goods Manufacturing Company in California Chooses TAB Bank for a $15 Million Asset-Based Credit Facility
June 29, 2022TAB Bank is pleased to announce the funding of $15 million asset-based line of credit for a new client that manufacturers and distributes consumer-packaged goods throughout North America and beginning to expand internationally.
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Alcoa Gains Improved Terms with Amended and Restated Revolving Credit Facility
June 29, 2022Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the “Facility”) with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent, Citibank N.A. as the syndication agent, and ING Capital LLC as the sustainability structuring agent.
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Peapack-Gladstone Bank Hires Roger Grossman, Senior Managing Director, Commercial Private Banker
June 29, 2022Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Roger Grossman as Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank. Roger is responsible for growing a portfolio of commercial clients and servicing businesses in the Tri-State area.
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Runway Growth Capital Announces a Senior Secured Term Loan of $50 Million to Interactions
June 29, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $50 million to Interactions. The capital will be used to refinance existing debt and provide growth and working capital.
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MUFG Closes Acquisition Facility for a Pool of Aircraft
June 29, 2022Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a limited recourse acquisition facility for SKY Leasing (SKY), where the bank acted as Co-Structuring Agent and Joint Lead Arranger. The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.
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Tenet Launches New Electric Vehicle Financing Platform
June 29, 2022Tenet today unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that rejects standard car depreciation models and values EVs as clean collateral, Tenet also plans to expand into zero-emission home upgrades to help consumers better achieve their financial and sustainability goals.
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Marathon Capital and Sumitomo Mitsui Banking Corporation Form Strategic Partnership
June 29, 2022Marathon Capital, LLC ("Marathon Capital"), a leading independent investment banking firm, has entered into a strategic collaboration agreement ("SCA") with Sumitomo Mitsui Banking Corporation ("SMBC"), one of the largest industrial, energy and infrastructure lenders in the world. RIMON PC and Neal, Gerber & Eisenberg LLP provided legal advice to Marathon Capital. Sheumack & Co. GMA, LLC. (SHEUMACK GMA) served as exclusive strategic and financial advisor to Marathon Capital. SMBC was advised by Shearman & Sterling LLP and Skadden, Arps, Slate, Meagher & Flom LLP.
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Masatoshi Komoriya Appointed Executive Chairman of the Board of MUFG Americas Holdings Corporation and MUFG Union Bank, N.A.
June 29, 2022MUFG, one of the world’s leading financial groups, today announced that Masatoshi (Masa) Komoriya has been appointed Executive Chairman of the board of directors for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective June 30, 2022. A member of the board of directors since April 2022, he will continue to be based in New York.
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Castlelake Provides Financing to Leading Provider of Rideshare Vehicles
June 29, 2022Castlelake, L.P. ("Castlelake"), a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, today announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global Mobility ("VGM"), a leading provider to the smart mobility marketplace, for the acquisition of more than 3,200 vehicles to rideshare, car-share and micro-mobility driver-subscribers in the United States and Latin America.
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Mesirow Attracts Top Industry Talent to Enhance its Capital Markets Capabilities
June 29, 2022Mesirow, an independent, employee-owned financial services firm, today announced the addition of several key new hires across Mesirow Capital Markets, which encompasses capabilities including Institutional Sales and Trading (IS&T) and Public Finance.
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Luna Innovations Announces $35M Debt Facility
June 29, 2022Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that it has entered into a new five-year debt facility for $35 million. The debt is provided by PNC Bank, National Association (an affiliate of PNC Financial Services Group, Inc.) (NYSE: PNC)), one of the leading credit providers to middle market companies across the country.
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Evolent Health To Acquire IPG
June 29, 2022Evolent Health, Inc. ("Evolent" or "the Company") (NYSE: EVH) today announced that it has entered into a definitive agreement to acquire IPG, a leading technology and services company providing surgical management solutions for musculoskeletal conditions, from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, for $375 million plus additional contingent consideration of up to $87 million.
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SLR Healthcare ABL Announces Financing
June 29, 2022SLR Healthcare ABL announced it has provided a $6 million asset-based revolving line of credit to a skilled nursing operator.
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B&G Foods Announces Credit Agreement Amendment
June 28, 2022B&G Foods, Inc. (NYSE: BGS) announced today that it has completed an amendment to its senior secured credit facility to temporarily increase the maximum consolidated leverage ratio permitted under its revolving credit facility.
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