- Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
- Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
- SLR Credit Solutions Agents Term Loan for The Children’s Place
- i80 Group and Brim Partner to Offer Funding-as-a-Service With $300 Million Credit Facility
TSL Express Daily Articles & News
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CIT Appoints Geoff Black to Managing Director and Group Head for Lender Finance Business
CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of managing director and group head for the Lender Finance business in its Business Capital division. Black, who was also promoted to senior vice president, will be based in Jacksonville Florida and will oversee sales, marketing and business development for all of Lender Finance.
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TSL Express Daily Headlines & News
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US-based Frozen Seafood Importer and Distributor Receives USD 1.5 Million in Trade Financing from Tradewind Finance
April 5, 2022A Miami-based importer and distributor of frozen seafood received a USD 1.5 million credit facility from Tradewind Finance. With the facility, the company will support its domestic sales growth with large American customers. The seafood importer, which primarily sells octopus, had started diversifying its product offerings by adding frozen tuna and salmon, and it needed a financial partner that could support its increased business other than the self-financing methods it already had in place.
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Great Rock Capital Closes Credit Facility with Stanz & Troyer
April 4, 2022Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured credit facility with Stanz Foodservice (“Stanz”) and Troyer Foods (“Troyer”), two leading regional food and non-food distributors located in Indiana
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Rosenthal Names Bertie Pujji Executive Vice President and Western Region Portfolio Manager
April 4, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Bertie Pujji has joined Rosenthal as Executive Vice President and Western Region Portfolio Manager, effective April 4, 2022.
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Alan Isenberg Joins Angelo Gordon as Global Head of Client Partnership Group
April 4, 2022Today, $51 billion alternative investment firm Angelo Gordon announced that Alan Isenberg, former Head of Product Strategy and Marketing at Neuberger Berman, has joined the firm as Global Head of its Client Partnership Group. In this role, he is responsible for leading the firm’s worldwide client and product functions, including new business development, client coverage, product development and management, and client service.
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Trisura Advances ESG Goals by Linking Credit Facility to Targets around Responsible Investment
April 4, 2022Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, has announced the closing of its sustainability-linked credit facility. As a first of its kind for insurers in Canada, the sustainability-linked loan is linked to Trisura’s ambition to further incorporate ESG considerations into its investment activities. The structure introduces an incentive mechanism tied to key performance indicators around Trisura’s responsible activities, including disclosure.
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Mobile Infrastructure Corporation Announces $75 Million Revolving Credit Facility
April 4, 2022-Mobile Infrastructure Corporation (the “Company”), a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, announced today that it has completed a $75 million revolving credit facility with KeyBank to refinance certain of the Company’s current secured loans, as well as new acquisitions.
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DigitalBridge Credit Announces $220 Million Debt Investment to Support Everstream
April 4, 2022DigitalBridge Group, Inc. (NYSE: DBRG) today announced that, its Digital Credit division (“DigitalBridge Credit”), in partnership with CPPIB Credit Investments III Inc., a wholly owned subsidiary of Canada Pension Plan Investment Board (“CPP Investments”), it has invested $220 million in the form of a holding company term loan to support the continued growth of Everstream Solutions, LLC (“Everstream”).
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Castellum, Inc. Announces $950,000 New Revolving Credit Facility from Live Oak Bank
April 4, 2022Castellum, Inc. (OTC: ONOV) is a defense-oriented technology company that is executing strategic acquisitions in the cyber security, information technology and software, information warfare, and electronic warfare and engineering services space.
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SLR Equipment Finance, Formerly known as Nations Equipment Finance, Expands its Business Development Capabilities and Announces that Tom Zettwuch has Joined the Company
April 4, 2022SLR Equipment Finance is pleased to announce that Tom Zettwuch has joined the company as Senior Vice President of Business Development. In his role, Tom will be responsible for growing SLR Equipment Finance’s leasing and lending activities in the New Jersey and New York Metropolitan area. Tom brings over twenty-five years of large corporate equipment finance to SLR Equipment Finance.
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ARI Global Hires Waterman to Promote Their Texas Presence
April 4, 2022ARI Global, a leading specialty broker of trade credit insurance, is pleased to announce that Doug Waterman has joined the organization as vice president. In his new role, Waterman will coordinate directly with businesses and lenders to structure and develop unique solutions to transfer credit risks away from the company’s largest asset.
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Gateway Trade Funding Provides a $975,000 Purchase Order Facility to an Outdoor Markets Company
April 4, 2022An outdoor markets company executive had the opportunity to revive a well-known trademark. In taking over the company, he was underfinanced and lacked the working capital to take on large new orders to sustain and grow the business. With the help of a $975,000 purchase order facility from Gateway Trade Funding, the company could fill their orders and accept new orders.
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Valley National Bancorp Announces the Completion of its Acquisition of Bank Leumi USA
April 4, 2022Valley National Bancorp (NASDAQ: VLY) (“Valley”) announced that its acquisition of Bank Leumi Le-Israel Corporation (“Leumi USA”), the U.S. subsidiary of Bank Leumi Le-Israel B.M. (“BLITA”), and parent company of Bank Leumi USA (“Bank Leumi”) was completed effective April 1, 2022.
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Hawkins, Inc. Increases Credit Facility to $250 Million to Support Future Growth
April 4, 2022Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, announced today it has entered into an amended and restated credit agreement that provides the Company with a $250 million revolving credit facility, replacing the Company’s current $150 million facility. The new agreement has a five-year maturity date.
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HG Global Closes New $150 Million Credit Facility
April 4, 2022White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that HG Global Ltd. ("HG") closed a new $150 million, 10-year term loan credit facility with Hudson Structured Capital Management Ltd, (conducting its re/insurance business as HSCM Bermuda) and Security Benefit Life Insurance Company.
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Tiger Finance Provides $5.2 Million Financing Facility to Private Label HBC Company
April 4, 2022Tiger Finance has closed on $5.2 million in financing for a private label health and beauty care products company in support of a brand-development program it is now undertaking for a national big-box retailer.
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1st Star Alacer LLC Welcomes Appraisal Expert to Expand Valuations Practice in North America
April 4, 20221st Star Alacer LLC, the advisory, auction and debt placement firm, announced that our new employee, John Matthies, has been named Managing Director of the North American Valuation team. This new employee appointment will facilitate targeted, high-touch service to North American clients of the company’s growing Valuations business.
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Marathon Gold Closes US$185M Credit Facility for the Valentine Gold Project
April 4, 2022Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report that it has closed a 6.5 year US$185 million term loan credit facility (the “Facility”) with Sprott Private Resource Lending II (Collector-2) LP (“Sprott”).
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18 Partner Elite Nationwide Financial Restructuring Group Joins Paul Hastings
April 4, 2022Paul Hastings LLP, a premier global law firm advising leading financial institutions, asset managers and corporations, significantly strengthened its position among elite Wall Street firms with today’s announcement that a high-profile team of 18 financial restructuring partners has joined its New York and Los Angeles offices.
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Castlelake Names Deputy Co-Chief Investment Officers and Chief Operating Officer
April 4, 2022Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, today announced it has named Joe McConnell and Isaiah Toback as Deputy Co-Chief Investment Officers and Brad Farrell as Chief Operating Officer.
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Statkraft Signs EUR 1.3 Billion Sustainability-linked Revolving Credit Facility
April 4, 2022Statkraft has signed a EUR 1.3 billion 5-year sustainability-linked syndicated revolving credit facility with two 1-year extension options. The facility replaces Statkraft’s existing syndicated revolving credit facility of NOK 9.2 billion which was signed in June 2016. Statkraft has a clear commitment to sustainability, and through its activities aims to create value for society, the environment and the company.
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