- News Detail
- Faccorp Funds Three New Factoring Facilities so far Q1; Supporting Growth Across Security, Infrastructure, and Energy Sectors
- Essex Capital Group Closes $2.75 Million Short-Term Bridge Facility
- American Public Education, Inc. Completes Refinancing with New $130 Million Senior Secured Credit Facility
- CVC Credit Prices First new CLO of 2026
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
CIT Arranges $714 Million for Thermal Generation Assets in California
CIT, a division of First Citizens Bank, today announced that its Power and Energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California.
The proceeds were used to refinance a 1.8-gigawatt portfolio owned by subsidiaries of the Avenue Capital Group and managed by Middle River Power. Assets within the portfolio consist of eight gas-fired peaking plants and two gas-fired combined cycle power plants located near metropolitan centers across California.
TSL Express Trending Story
Featured
LIBOR Phase-Out: Considerations for Oil & Gas Companies
With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:
- why LIBOR is being phased out;
- the transition plan for the phase-out;
- items companies should consider; and the steps that can be taken now.
TSL Express Daily Headlines & News
-
Stepan Company Executes $450 Million Credit Facility Agreement
June 27, 2022Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks. JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers.
-
MUFG Continues to Grow Leveraged Finance Platform
June 27, 2022Mitsubishi UFJ Financial Group (MUFG) announced today the hiring of two Directors for its leveraged finance platform: Garret Rowan will join as Head of the Leveraged Loan Trading group, and Mike Macchia will join as a salesperson in Leveraged Finance Sales.
-
Eclipse Business Capital, LLC Adds Watson as Managing Director for the Southwest Region
June 27, 2022Eclipse Business Capital, LLC (“EBC”) is pleased to announce that Adrian Watson has joined the organization as a Managing Director. Mr. Watson joins EBC from JP Morgan where he was a Sr. Underwriter in ABL. At Eclipse, Mr. Watson steps into the role of Business Development Officer and will be responsible for covering the Southwest region.
-
SRZ Represents JANA Partners in Agreement to Add New Directors to Board of Mercury Systems, Inc.
June 27, 2022The Schulte team advising JANA Partners was led by partner Ele Klein, chair of the firm’s M&A and Securities Group and co-chair of its global Shareholder Activism Group and included associates Sean Brownridge, Danny Goldstein and Abraham Schwartz.
-
Waldencast Announces Entry into $225m Term Loan and Revolving Credit Facilities
June 27, 2022Waldencast Acquisition Corp. , a special purpose acquisition company, announced that, on June 24, 2022, its wholly-owned subsidiary Waldencast Finco Limited (“Waldencast Finco”) entered into a Credit Agreement (the “Waldencast Credit Agreement”), by and among Waldencast Finco, as the borrower (the “Borrower”), Waldencast Partners LP, as the parent guarantor, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. Credit Suisse AG, New York Branch acted as documentation agent and JPMorgan Chase Bank, N.A., Banco Santander, S.A. and Wells Fargo Securities, LLC acted as joint bookrunners and joint lead arrangers under the Waldencast Credit Agreement.
-
1st Capital Bancorp Announces Chief Credit Officer and Chief Lending Officer
June 27, 20221st Capital Bancorp (the “Company”), (OTCQX: FISB), the $1.01 billion asset bank holding company and parent company of 1st Capital Bank (the “Bank”), today announced the appointment of Jeff Mercer to chief credit officer, effective July 1, 2022.
-
BankFirst Capital Corporation to Acquire Tate Financial Corporation and Sycamore Bank
June 27, 2022BankFirst Capital Corporation (OTCQX:BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the signing of a definitive merger agreement with Tate Financial Corporation ("Tate"), the parent company of Sycamore Bank, Senatobia, Mississippi ("Sycamore Bank"), under which BankFirst will acquire Tate and Sycamore Bank.
-
Octet Recognised for Excellence in Business Lending at 2022 Fintech Australia Awards
June 27, 2022Leading supply chain finance and technology provider, Octet has been named the 2022 Excellence in Business Lending winner at this year’s Fintech Australia “Finnies”. The Seventh Annual Edition of the prestigious awards celebrates the success of dynamic players in the Australian fintech industry. The Excellence in Business Lending award acknowledges that Octet has demonstrated strong financial performance and outstanding B2B lending results through its innovative finance solutions.
-
Tiger Group Reaches Major Milestones at Audio/Visual Auctions & Private Treaty Sales in First Half of 2022
June 27, 2022Tiger Group’s Commercial and Industrial (C&I) Division saw a record number of sales registrants and buyers at its sales for audio/visual and movie theater assets in the first half of 2022, which played a major factor in achieving 96 percent to 99 precent sell-through rates at its auctions and private treaty sales during that timeframe.
-
MidCap Financial Provides a $70 Million Senior Secured Revolving Credit Facility to a Luxury Accessories Retailer and Digital Platform
June 23, 2022MidCap Financial today announced it has provided a $70 million senior secured revolving credit facility to a luxury accessories retailer and digital platform. The MidCap credit facility refinanced the Company’s prior credit facility and will support the Company’s continued growth and working capital needs.
-
Michael Calcagni Appointed Co-Chair of Surrogate's Court Estates & Trusts Committee of the Nassau County Bar Association
June 23, 2022Michael Calcagni, Counsel at Moritt Hock & Hamroff, was recently appointed to serve as Co-Chair of the Surrogate’s Court Estates & Trusts Committee of the Nassau County Bar Association, having previously served as Co-Vice Chair of the Committee.
-
Electric Vehicles Could Take 33% of Global Sales by 2028-AlixPartners
June 23, 2022Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday. EVs accounted for less than 8% of global sales last year, and just under 10% in the first quarter of 2022.
-
SilverBow Resources Announces Extension of Revolving Credit Facility and Increased Borrowing Base
June 23, 2022SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or “the Company”) today announced it has received bank approval to amend its senior secured revolving credit facility (“Credit Facility”) to extend the maturity of the Credit Facility to October 2026, increase the borrowing base from $525 million to $775 million, and reduce the interest rate margin for amounts outstanding.
-
TAB Bank Provides Oilfield Chemistry and Field Services Company in Oklahoma with a $5 Million Asset-Based Credit Facility
June 23, 2022TAB Bank is pleased to announce the funding of a $5 million dollar asset-based credit facility to a leading provider of oilfield chemical formulations and field services. This company delivers critical chemical formulations and fluids designed to meet the unique requirements of each site and improve the performance, longevity, and profitability of its client’s oil and gas assets.
-
Assembled Brands Announces a New Facility with Boomerang's Foods
June 23, 2022Assembled Brands is pleased to announce our new partnership with Boomerang’s Foods, and we are celebrating with a new line of credit. Founded in 2006, Boomerang’s set out to change the hand-held food sector with its classic Australian meat pies.
-
Assembled Brands Announces a New $1.5MM Facility with WILDFANG
June 23, 2022Assembled Brands is pleased to announce a new $1.5MM facility with apparel brand WILDFANG. The brand was founded in Portland, Oregon by Emma Mcllroy on a mission to rethink gender norms and how they show up in fashion.
-
SLR Credit Solutions Announces Promotions and New Employees
June 23, 2022SLR Credit Solutions (‘SLR CS”), a leading provider of direct private credit solutions for middle market businesses, is pleased to announce the following promotions and new hires to its team. These individuals will be key contributors to the organization allowing our business to deliver innovative secured debt financings across a wide range of industries including consumer/retail, specialty finance, business services and industrials.
-
Ankura Appoints Roy Gallagher and Ben Jones as Co-Leaders of the Turnaround & Restructuring Business Group
June 23, 2022Ankura Consulting, LLC ("Ankura" or the "Company"), an independent global expert services and advisory firm, announced the appointment of Roy Gallagher and Ben Jones as co-leaders of Ankura's Turnaround and Restructuring North America ("T&R") practice.
-
FinWise Bancorp Announces Appointment of Simon Darchis as Vice President, Director of Specialty Lending
June 23, 2022FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced the appointment of Simon Darchis as Vice President, Director of Specialty Lending. Mr. Darchis will replace David Tilis effective immediately.
-
Houlihan Lokey Strengthens Specialty Finance Coverage Capabilities With Senior Hire David Villa Joins as a Managing Director in New York
June 23, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that David Villa has joined the firm’s Financial Services Group as a Managing Director covering specialty finance companies and depositories. He is based in New York.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
