- Market Sizing & Impact Study
- Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
- Mitsubishi HC Capital America Identifies Four Key Trends to Shape Equipment Finance in 2026
TSL Express Daily Articles & News
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Lexicon Enters Into Loan Facility With Oxford Finance For Up To $150 Million To Support Planned Commercialization Of Sotagliflozin
Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced it entered into a loan facility with Oxford Finance LLC that provides up to $150 million in borrowing capacity designed primarily to support commercial preparations and the potential launch of sotagliflozin in heart failure.
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J D Factors Announces Factoring Facilities
February 22, 2022J D Factors announced it has provided the following factoring facilities: $150,000 to a transportation company in North Carolina; $100,000 to a transportation company in Ontario; $100,000 to a transportation company in Tennessee; $100,000 to a transportation company in Georgia...
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Existing Staffing Client Entrusts Sallyport to Finance Expansion
February 22, 2022Sallyport’s client, who provides staffing services to the energy industry, has just been equipped with a $500,000 accounts receivable facility to finance expansion and support their opening of a new division. This facility will enable them to manage working capital as they open a new office and focus on building the business there with the knowledge that payroll is covered.
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Fast Growing Huntingdon Valley Bank Expands; Adds Key Commercial Team
February 22, 2022HVB Bancorp, Inc., the parent company of Huntingdon Valley Bank, announced the opening of a new Commercial Banking Office to be led by newly appointed Market President, Allan Burkley, former SVP and Team Leader, C&I Lending at Meridian Bank. Joining Burkley are his three former colleagues from Meridian, SVP, William McDougall, VP, Rosen Nenchev, and Relationship Manager, Ryan Mundy.
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SDRL - Seadrill Announces Timeline for Expected Emergence from Chapter 11
February 22, 2022Seadrill Limited ("Seadrill" or the "Company") announces today that it anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously announced, Seadrill's Chapter 11 plan of reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021.
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Non-Bank Lenders Forecast Demand Increase and Economic Downturn in 2022
February 22, 2022Cerebro Capital, a commercial loan marketplace, today released its Q4 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Cerebro reports commercial lenders continued to ease lending standards in 4Q21, making it easier for businesses to get loans, which has driven up loan demand in the middle-market. Looking forward, 52% of non-bank lenders expect increased loan demand to continue due to a predicted deterioration of the economy over the next six to twelve months.
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Truist Financial: Securities Announces Leadership Appointments in Technology, ESG, and Private Institutional Capital Investment Banking
February 22, 2022Truist Securities today announced the recent appointments of three new investment banking group heads, expanding and strengthening the firm's client coverage and commitment to offering a high-touch advisory approach. Stellar Kim Tucker has joined Truist Securities as group head of Technology Investment Banking overseeing teams that serve the cloud technology, fintech, software and internet, martech and IT services industries. She will also serve as head of Truist Securities' Miami office.
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Neuronetics Announces Amendment of Credit Facility with SLR Investment Corp.
February 22, 2022Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced it has amended its term loan agreement with its current lenders, investment affiliates managed by SLR Investment Corp. (SLR), which was originally entered into on March 2, 2020 and subsequently amended on April 20, 2020 and December 2, 2020.
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Huron Capital's Direct Connect Logistix Expands into Mountain West with Acquisition of Performance Logistics
February 22, 2022Leading lower-middle-market private equity firm Huron Capital Partners ("Huron Capital") announced today that its third-party transportation and logistics services platform, Direct Connect Logistix ("DCL"), has acquired Performance Logistics, LLC ("Performance Logistics"). The combination of Performance Logistics' refrigerated and frozen food transportation services and large customers in the Mountain West strengthens DCL's capabilities, customer base and geographic reach.
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FirstService Increases Credit Facility to US$1.0 Billion
February 22, 2022FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that it has expanded and extended its revolving credit facility (the “Facility”), on an unsecured basis, for a new five-year term maturing in February 2027. Under the amended Facility, borrowing capacity has been increased to US$1.0 billion and, at any time during the term, FirstService also has the right to increase the Facility by up to US$250 million on the same terms and conditions as the original Facility.
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Fluor Extends and Expands Credit Facility and Links Borrowing Costs to Future Environment, Social and Governance Performance Indicators
February 22, 2022Fluor Corporation (NYSE: FLR) announced today that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further lower the Company’s overall borrowing costs. These key performance indicators will be based on a future agreement with BNP Paribas and BofA Securities, Inc. as sustainability coordinators.
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M&T Bank Corporation and People's United Financial, Inc. Extend Merger Agreement
February 22, 2022M&T Bank Corporation (and People's United Financial, Inc. jointly announced today that the two companies have agreed to extend their merger agreement from February 21, 2022 to June 1, 2022. The merger received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking in October 2021.
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Aaron Zahedani Returns to Bay View Funding as EVP, Credit & Portfolio Manager, in San Jose, CA
February 22, 2022Bay View Funding, a subsidiary of Heritage Bank of Commerce, the Bank, and Heritage Commerce Corp (Nasdaq: HTBK), the holding company, today announced the appointment of Aaron Zahedani as Executive Vice President, Credit & Portfolio Management in San Jose, California, effective immediately. Zahedani returns to Bay View after spending over three years as Vice President, Underwriter with Wells Fargo Capital Finance.
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Hilco Performance Solutions Announces Addition of Rob Wilson As Senior Director
February 22, 2022Hilco Performance Solutions (HPS) is pleased to announce the addition of Rob Wilson to the advisory solutions team. Mr. Wilson will serve as a Senior Director at Hilco Performance Solutions in the metropolitan Detroit area, based in Madison Heights, MI. Mr. Wilson will be reporting directly to Steve Tanzi, President-Hilco Performance Solutions and Hilco Commercial Industrial, and will leverage his considerable experience to help Hilco Global continue to grow their client advisory services for both Hilco Performance Solutions and Getzler Henrich in addition to supporting Hilco Commercial Industrial in this key midwestern market.
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Demica Reaches $20 Billion of Funding Outstanding as Banks Drive Trade Transformation
February 22, 2022The market-leading Demica Platform, used by the world’s leading trade banks and corporates to power their supply chain finance programmes, has reached a milestone $20bn in funded programmes outstanding. Defined as the aggregate level of committed facilities or assets outstanding this represents well over $130bn of funded volume globally across its customers’ payables and receivables facilities.
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CIT Provides $80.7 Million to IRA Capital for Surgical Center Acquisitions
February 17, 2022CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, Florida, and Alexandria, Louisiana. In Naples, Florida, CIT provided $49.2 million toward the acquisition of a three-story surgical hospital and specialty care facility acquired by subsidiaries of IRA Capital. The Naples property is 86,287 RSF and leased to Naples Community Hospital and Physicians Regional Medical Center.
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Fast Pay and The Arena Group Announce Increase in Credit Facility to $25,000,000
February 17, 2022Today, Fast Pay Partners, a wholly owned subsidiary of SLR Business Credit, is pleased to announce an increase and maturity extension with The Arena Group of their credit facility to $25,000,000. The Arena Group, who owns the exclusive online publishing rights to Sports Illustrated, The Spun, TheStreet.com among others, has been a Fast Pay client since February 2020.
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Peoples Bank to Acquire Vantage Financial, Llc
February 17, 2022Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) announced today that its wholly owned subsidiary, Peoples Bank, has entered into a definitive agreement to acquire Vantage Financial, LLC ("Vantage"), a nationwide provider of equipment financing headquartered in Excelsior, Minnesota. Under the terms of the agreement, Peoples Bank will purchase 100% of the equity of Vantage for total cash consideration of $54 million.
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TerraNova Capital acts as Sole Placement Agent to ATSG and Adviser to RunTide Capital for $57MM Funding
February 17, 2022TerraNova Capital Structured Finance, the credit advisory and specialty finance group of TerraNova Capital Equities, Inc., announces the closing of a $57 Million Term Loan for ATSG, Inc., a RunTide Capital Portfolio Company. TerraNova Structured Finance acted as sole placement agent for this facility. In addition to the refinancing of ATSG's existing debt facility, the funds were used in the acquisition of a leading technology platform and managed services provider by ATSG
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Old National and First Midwest Complete Merger of Equals
February 17, 2022Old National Bancorp and First Midwest Bancorp, Inc. jointly announced today they have completed their all-stock merger of equals, announced on June 1, 2021. The combined company creates the sixth largest commercial bank headquartered in the Midwest based on assets, with more than $46 billion of combined assets, $34 billion of assets under management, strong commercial banking capabilities, a robust retail footprint and a significant wealth platform
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Ares Management Corporation Closes $3.8 Billion Net Lease Acquisition of Capital Automotive
February 17, 2022Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC (“CARS”) from a Brookfield private real estate fund for $3.8 billion. This latest transaction highlights Ares’ increased focus on serving sponsors and companies in need of flexible net lease solutions.
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