- SG Credit Announces Hiring of Bill Drmacich as Managing Director, Originations
- AIO Logic Announces Lydia Taylor as Executive Lead for Business Development
- Vero Fiber Expands Credit Facility for Further Network Growth
- Energy Finance Veteran Bob Marcum Joins BRG as Managing Director in Energy & Climate Practice
- SFNet New Member Spotlight: Crowell & Moring
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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Secured Finance Foundation – Where We Were and Where We’re Going
The Secured Finance Foundation, a 501c3 organization, has been busy this past year rolling out new programs that benefit our industry. Some of the important initiatives from 2019 include commissioning and delivering a groundbreaking Market Sizing & Impact Study, with assistance from Ernst and Young, LLP, which is free to our members and donors..
TSL Express Daily Headlines & News
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Atlantic Sapphire Secures $25 Million Credit Facility
April 11, 2022Atlantic Sapphire has secured an additional USD 25 million (EUR 22.9 million) credit facility, with DNB Capital LLC as the lender. The funds will be used to fully finance phase two of the company’s U.S. recirculating aquaculture system (RAS) project in Miami, Florida, U.S.A.
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E2open Upsizes Existing Credit Agreement by $190 Million
April 11, 2022E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, today announced it has amended and upsized its existing credit facility with an incremental term loan provided by Golub Capital.
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BankUnited Opens New Atlanta Corporate Banking Office In Renewed Push to Expand Outside of Florida, New York
April 11, 2022BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), has opened a new corporate banking office in Atlanta, representing a renewed effort to expand outside of its core markets of Florida and New York. Adam Gordon has been hired as market executive and corporate banking team leader; the team will be working from the newly opened Atlanta office, 3500 Lenox Road, Suite 720.
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Big Shoulders Capital and Iroquois Industrial Group Acquire Benda Manufacturing Assets
April 11, 2022Big Shoulders Capital and Iroquois Industrial Group have formed a partnership to acquire the assets of Benda Manufacturing, a leader in conveyor and product handling systems for the food industry and other industries requiring integrated production line conveyors.
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Dime Names Robert Maichin Head of Middle Market Lending
April 11, 2022Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Robert “Bob” Maichin will join the Company as Head of Middle Market Lending. In this role, Maichin will lead Dime’s middle market commercial lending operations and also build out specialized lending niches.
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J D Factors Hires Jonathan Gay as Business Development Officer
April 7, 2022J D Factors is proud to announce the hiring of Jonathan Gay as Business Development Officer in Sacramento, California. Jon has extensive experience and knowledge in the factoring industry and will be responsible for generating new business in Northern California along with the Northwestern United States.
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SLR Credit Solutions Agents $20,500,000 Term Loan for Oscar De La Renta
April 7, 2022SLR Credit Solutions (“SLR CS”) announced the closing of a $20,500,000 senior secured term loan in concert with a $20,000,000, revolving line of credit for Oscar de la Renta, LLC (“ODLR or the “Company”). Founded in 1965, ODLR is a designer and retailer of luxury women’s apparel sold through upscale wholesale accounts and direct-to-consumer (“DTC”) both in stores and at www.oscardelarenta.com.
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Pacific Western Bank Releases 2021 Environmental Social Governance Report
April 7, 2022Some of the key developments that are highlighted in the 2021 Report include: • $1 billion in lending benefiting low- or moderate-income individuals and small businesses • $3.5 million in charitable contributions to benefit local communities • Outstanding CRA rating from the FDIC • 2,896 Employee volunteer hours
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AlixPartners Forms Alliance with Washington, D.C.-based Consultancy Cypress International
April 7, 2022-AlixPartners, the global consulting firm, today announced a strategic alliance with Cypress International, a Washington, D.C.-based consultancy specializing in helping industry support the U.S. Department of Defense (DoD) and other federal-government departments and agencies.
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Victory Park Capital Announces $100 Million Credit Facility for Leading E-Commerce Third-Party Seller Juvo+
April 7, 2022Victory Park Capital (“VPC”), a leading global alternative investment firm, today announced it has provided a $100 million credit facility to Juvo+, one of the top private label product developers in e-commerce. The funding will primarily be used to launch innovative new products and fund strategic expansion as Juvo+ continues to scale its footprint across multiple e-commerce channels.
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Dave & Buster’s Announces Acquisition of Main Event for $835 Million; Chris Morris to become CEO of Combined Entity Upon Closing
April 7, 2022Deutsche Bank is serving as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Dave & Buster's. Goldman Sachs and J.P. Morgan are serving as financial advisors to Main Event. Weil, Gotshal & Manges LLP is serving as legal advisor to Main Event, and Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisor to RedBird. Gilbert + Tobin is serving as legal advisor to Ardent Leisure.
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Triumph Bancorp Launches TriumphX
April 7, 2022Triumph Bancorp, Inc. (Nasdaq: TBK) announced today the establishment of TriumphX, a business unit charged with supporting the execution of Triumph's plan and evolution as a transportation fintech company. TriumphX is a division of TBK Bank, SSB, the primary operating subsidiary of Triumph Bancorp.
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Citizens Names Ben Vinzant as Chief Data and Analytics Officer
April 7, 2022Citizens Financial Group, Inc. (NYSE: CFG) has named Ben Vinzant as Chief Data and Analytics Officer, effective June 27, 2022. Vinzant will join Citizens from JPMorgan Chase, where he most recently served as Managing Director, Head of Sales Science.
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Heritage Global Partners, New Mill Capital, Keith Machinery, and Federal Equipment Company Acquire Two St. Louis Area Pharmaceutical Plants
April 7, 2022Heritage Global Partners (“HGP”), a worldwide leader in asset advisory and auction services, and a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), today announced that in partnership with New Mill Capital, Keith Machinery, and Federal Equipment Company, it has acquired two pharmaceutical plants in Missouri, formerly of Nesher Pharmaceuticals.
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White & Case Advises Delivery Hero on €1.4 Billion-Equivalent Term Loan B and New Revolving Credit Facility
April 6, 2022Global law firm White & Case LLP has advised Delivery Hero SE, one of the world's largest local delivery platforms, on a Term Loan B comprising of a US$825 million term facility and a €300 million term facility, each with a maturity of 5.25 years, and a new €375 million revolving credit facility, which will have an initial maturity of three years and two one-year extension options.
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Golub Capital Acts as Left Lead Arranger and Administrative Agent on $1.3 Billion Unitranche to Support CVC Capital Partners' Acquisition of Majority Stake in Radwell International from Greenbriar
April 6, 2022Golub Capital acted as Left Lead Arranger and Administrative Agent on a $1.3 billion unitranche facility to finance CVC Capital Partners' ("CVC") acquisition of a controlling interest in Radwell International, Inc. ("Radwell") from Greenbriar Equity Group ("Greenbriar"). Greenbriar and Radwell management will remain holders of significant interests in the equity of the company.
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FTI Consulting’s David Rush Named a Fellow of the American College of Bankruptcy
April 6, 2022FTI Consulting, Inc. (NYSE: FCN) today announced that David Rush, a Senior Managing Director in the Corporate Finance & Restructuring segment, will be inducted into the American College of Bankruptcy’s 33rd Class of Fellows.
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PolyPid Secures $15 Million Non-Dilutive Secured Term Loan Facility
April 6, 2022PolyPid Ltd. (Nasdaq: PYPD) (“PolyPid” or the “Company”), a late-stage biopharma company aiming to improve surgical outcomes, announced today that the Company has entered into a secured loan agreement for up to $15 million with Kreos Capital VI (Expert Fund) LP (“Kreos”).
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Oxford Finance Announces the Closing of a $75 Million Credit Facility With Fusion Pharmaceuticals
April 6, 2022Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is announcing the closing of a $75 million senior secured term loan with Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) (“Fusion” or “the Company”), a clinical-stage oncology company focused on developing next-generation radiopharmaceuticals as precision medicines to treat a broad range of cancers.
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Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.1 Billion for Bunge
April 6, 2022Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$925 million to $1.1 billion of the commitment capacity for the Accounts Receivable Securitization Program for Bunge Limited (“Bunge”), a US-based leading global agribusiness and food company.
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