- Baker Garrington and Liquid Capital Announce Recent Financings
- Honigman Continues Chicago Private Equity Expansion with Big Law Partners from Kirkland, Ropes & Gray
- Treville Capital Group Upsizes Credit Facility to Nitra to $95 Million; Encina Lender Finance Joins as Co-Lender
- Commercial Finance Partners Closes $4.5 Million Asset-Based Lending and Mezzanine Financing for Southeast Metals Manufacturer
- SouthStar Capital Provides Financing Facility for Clinical Research Technology Company
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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CIT Northbridge Provides $65 Million to Family Care Company Hello Bello™
CIT Northbridge Credit, as advised by CIT Asset Management LLC, has served as sole lead arranger on a $65 million credit facility for Hello Bello, a manufacturer and marketer of baby, child and adult care products.
Launched in 2019 by co-founders Kristen Bell and Dax Shepard, Hello Bello is a parenting platform providing premium and affordable products designed to eliminate the choice many parents have to make between what’s best for their family or best for their budget.
Launched in 2019 by co-founders Kristen Bell and Dax Shepard, Hello Bello is a parenting platform providing premium and affordable products designed to eliminate the choice many parents have to make between what’s best for their family or best for their budget.
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SFNet's International Lending Conference Examined Critical Issues, Explored Opportunities, Relating to Cross-border Lending
The Secured Finance Network (formerly Commercial Finance Association) held its 13th Annual International Lending Conference at DLA Piper in London, May 21-23. Attendees heard from a variety of leaders discussing the critical issues and opportunities relating to cross-border lending including looming economic upheaval, potential recession and geopolitical uncertainty.
TSL Express Daily Headlines & News
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Gatekeeper Announces $8M in TD Bank Working Capital Facilities to Enable Growth
June 6, 2022The Company has entered a revolving credit facility (“Credit Facility”) with Toronto Dominion Bank pursuant to which the Company may draw up to CAD $6 million for working capital provisions. Interest on the Credit Facility is based on either the Canadian bank prime rate plus 0.85 percent or US bank base rate plus 0.75 percent.
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MidCap Financial Closes Senior Secured Credit Facility and Preferred Equity to Bob’s Stores and Eastern Mountain Sports
June 6, 2022MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $60,000,000 senior secured credit facility, comprising a $50,000,000 asset-based revolving line of credit and $10,000,000 term loan, as well as a $500,000 preferred equity co-investment to Bob’s Stores (“Bob’s”) and Eastern Mountain Sports (“EMS”).
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Raymond James Completes Acquisition Of TriState Capital Holdings, Inc.
June 6, 2022“The strategic and cultural fit between Raymond James and TriState has been continually reinforced as our teams have worked toward this point over the last few months,” said Raymond James Chair and CEO Paul Reilly. “Our collective focus on client-first values and a long-term horizon are unique and a true differentiator for our firms. I’m thrilled to officially welcome TriState Capital to the Raymond James family and look forward to continue growing together.”
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Eric Jacobs Joins Ritchie Bros. as Chief Financial Officer
June 6, 2022Ritchie Bros. Auctioneers (NYSE: RBA) and (TSX: RBA) ("Ritchie Bros." or the "Company"), a leading global asset management, disposition, and services company is pleased to announce that Eric Jacobs will be joining the Company as its Chief Financial Officer, effective June 6, 2022
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Accord Financial Appoints Irene Eddy as Interim Chief Financial Officer
June 6, 2022Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced the appointment of Irene Eddy as interim CFO effective June 15, 2022 alongside the departure of Stuart Adair, the company’s long-time CFO. Eddy joined Accord in 2019 as Senior Vice President, Capital Markets, and as a member of the executive leadership team, helped guide corporate strategy and planning.
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FNB Hires Cassandra Cooper as Manager of Diversity and Inclusion
June 6, 2022F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, announced the hiring of Cassandra Cooper as Manager of Diversity and Inclusion (D&I). In this role, Cooper works closely with FNB's leadership team, Diversity Council and lines of business on the ongoing strategic development and execution of the Company's internal and customer- and community-facing D&I efforts.
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Silver Spike Investment Corp. Co-Leads up to $170 million Senior Secured Term Loan to Shryne Group Inc.
June 6, 2022Silver Spike Investment Corp. (NASDAQ: SSIC) (“Silver Spike”) today announced it has co-led a senior secured term loan of up to $170 million to Shryne Group Inc. (“Shryne”). Shryne cultivates, manufactures, distributes and retails branded cannabis products at scale, and owns and operates award-winning brands, including Stiiizy.
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Morningstar, Inc. Completes Acquisition of Leveraged Commentary & Data
June 6, 2022Morningstar, Inc., a leading provider of independent investment research (Nasdaq: MORN), has completed its previously announced acquisition of Leveraged Commentary & Data (LCD), a market leader in news, research, data, insights, and indexes for the leveraged finance market from S&P Global.
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J D Factors Announces Factoring Facilities
June 6, 2022J D Factors announced it provide the following factoring facilities: $200,000 to a transportation company in New Jersey; $250,000 to a transportation company in Alberta; $500,000 to a transportation company in Arizona; $250,000 to a transportation company in Ontario.
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Paul Hastings Adds Renowned Financial Services Investigations, Regulation, and Litigation Team
June 6, 2022Paul Hastings today announced the arrival of a high-profile team specializing in the representation of banks, non-bank financial institutions, fintechs, and other companies providing financial products and services. Jonice Gray Tucker, Matthew Previn, Aaron Mahler, and Kari Hall bring deep expertise representing financial services clients.
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Comvest Credit Partners Provides $175 Million Senior Credit Facility to Raven Engineered Films
June 6, 2022Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $175 million senior secured credit facility (the “Financing”) to Raven Engineered Films (“Raven”), a Sioux Falls, S.D.-based specialty plastics manufacturer.
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Nav Teams Up with Marcus by Goldman Sachs® to Offer Small Business Owners Lines of Credit
June 6, 2022Today, Nav Technologies, Inc. (“Nav”), a simple and intelligent financing platform for small businesses, announced a partnership with Marcus by Goldman Sachs to offer small business owners financially smart lines of credit with fixed rates, no origination or maintenance fees, and a fully digital experience.
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REV Capital Celebrates Fifth Anniversary with Innovative Rebranding Strategy
June 2, 2022Revolution Capital, the leading provider of factoring and cashflow financing in Canada and the United States celebrates five years of rapid growth! To commemorate the occasion, the company is rebranding to REV Capital.
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Standard Motor Products, Inc. Announces New $500 Million Credit Facility
June 2, 2022Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $500 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders, which includes a $100 million term loan and $400 million revolving credit facility (the "New Credit Facility").
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Charter Extends Maturities and Increases Certain of Its Credit Facilities
June 2, 2022Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiary, Charter Communications Operating, LLC ("CCO"), entered into an amendment (the "Amendment") to CCO's Credit Agreement on May 26, 2022 to: (i) convert all of CCO's Term A-4 Loans to Term A-5 Loans, (ii) borrow $2.85 billion additional Term A-5 Loans and extend the maturity of the Term A-5 Loans to August 31, 2027, (iii) create and borrow a new tranche of $500 million of Term A-6
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Earthstone Energy, Inc. Announces Extension of Revolving Credit Facility and Increased Borrowing Base
June 2, 2022Earthstone Energy, Inc. (NYSE: ESTE) ("Earthstone" or the "Company"), announced today it entered into an amendment to the Company's senior secured revolving credit facility (the "Credit Facility"), extending the maturity of the Credit Facility to June 2027, increasing the Borrowing Base from $1.325 billion to $1.4 billion and reducing the interest rate for amounts outstanding, amongst other things.
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Inland Bank and Trust Closes $1.6 Million Commercial Term Loan for Maryland and Montana Financial Advisor Practice
June 2, 2022Inland Bank and Trust (“Inland Bank”) is pleased to announce the closing of two commercial term loans totaling $1.6 million for an Inland Bank Financial Advisor Loan Program client with offices in Maryland and Montana. Tiffany Tyson, vice president – commercial lending with Inland Bank, originated both loans.
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U. S. Steel Extends Sustainability-Linked ABL Credit Facility
June 2, 2022United States Steel Corporation (NYSE: X) (“U. S. Steel” or the “company”) today announced that it has completed an amendment and restatement of the company’s $1.75 billion asset-based sustainability-linked credit facility (the “ABL”). JPMorgan Chase Bank, N.A. acted as Administrative Agent and Collateral Agent. J.P. Morgan Securities LLC and ING Capital LLC acted as Joint Sustainability Structuring Agents in connection with the U. S. Steel sustainability-linked ABL.
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Wolters Kluwer’s Suzanne Konstance named a Women in Secured Finance 2022 honoree
June 2, 2022Suzanne Konstance, Vice President and Leader of Wolters Kluwer Compliance Solutions’ Lien Solutions group, has been named to the Secured Finance Network’s list of “2022 Women in Secured Finance.” The recognition program, which is free to enter, included a recently published Q&A of honorees in SFNet’s monthly publication, The Secured Lender, with Konstance among this year’s featured “Leading the Way Forward” inductees
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Houlihan Lokey Expands Its Financial and Valuation Advisory Business in India
June 2, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rishi Aswani has joined the firm’s Financial and Valuation Advisory (FVA) business in Mumbai as a Managing Director in the Portfolio Valuation and Fund Advisory Services practice.
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SFNet's The Women in Secured Finance Issue
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