- Citizens Adds Doug Brockway to Lead Cybersecurity and Infrastructure Software Investment Banking
- DraftKings Announces Launch of $600 Million Term Loan B Facility and Upsized $750 Million Revolving Credit Facility
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- Versant Funds $1 Million Non-Recourse Factoring Facility to Service Provider
- Clearco Secures $100 Million Asset-Backed Financing Facility from Macquarie Group to Expand Funding for Growing Ecommerce Brands
TSL Express Daily Articles & News
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Norma Kuntz has joined Gordon Brothers, the global advisory, restructuring and investment firm, as President and Chief Operating Officer and as a member of the board of directors.
Kuntz will work in partnership with senior leadership and the board of directors to guide Gordon Brothers’ continued, rapid growth and set the firm’s strategy. With nearly 25 years of experience in the private equity, asset management, alternative investment and financial services industries worldwide, she will be responsible for the firm’s operations.
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Commercial lending transactions are memorialized with a comprehensive, and often voluminous, set of loan documentation. In an attempt to expedite closing, and reduce closing binder sizes, lenders (and their counsel) are always seeking ways to streamline the loan- documentation process.
TSL Express Daily Headlines & News
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Finance Partner Marisa Sotomayor Joins King & Spalding in New York
August 15, 2022King & Spalding announced today that Marisa Sotomayor has joined the firm as a partner in its Corporate, Finance and Investments (CFI) practice group. Sotomayor is based in New York.
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SMBC Nikko Securities America, Inc. Further Strengthens its Debt Capital Markets Team; Hires Tom Bausano as Managing Director and Co-Head
August 15, 2022SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Tom Bausano has joined the firm as Managing Director, Co-Head of Debt Capital Markets and Debt Syndicate. In this role, Tom will work closely with the firm’s debt capital markets business, providing his expertise and leadership to help drive further growth for this area.
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MUFG Launches Direct Lending Group to Support Private Equity Clients
August 11, 2022Mitsubishi UFJ Financial Group (MUFG) announced today the formation of a Direct Lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions.
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CIT Closes $75 Million Factoring Facility with Consumer Products Wholesaler
August 11, 2022CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $75 million factoring facility on behalf of a consumer products wholesaler. CIT worked with the client to arrange a factoring facility to replace an existing asset-based lending facility with another lender.
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Citizens Leads $67.3 Million Construction Loan to Trinitas Ventures
August 11, 2022Citizens announced today that its Commercial Real Estate Finance team led a $67.3 million construction loan to Trinitas Ventures for the development of a new 286-unit, 750-bedroom student housing project near the University of Central Florida in Orlando, Fla. Citizens is Sole Lead Arranger, Sole Bookrunner and Administrative Agent.
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EverGen Infrastructure Corp. Signs Term Sheet for $31 Million Senior Term Loan to Support the Funding of Near-Term RNG Facility Upgrades & Delivery of Expansion Projects
August 11, 2022EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), is pleased to announce that it has signed a term sheet with its existing lender, Roynat Capital (a subsidiary of Scotiabank) and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan to support the upgrade and construction of its Renewable Natural Gas (“RNG”) facilities at Fraser Valley Biogas (“FVB”) and Net Zero Waste Abbotsford (“NZWA”), respectively.
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Hilco Enterprise Valuation Services Announces Addition of Eric Jenkins as Managing Director and Head of Disputes Consulting practice
August 11, 2022Hilco Enterprise Valuation Services (HEVS) is excited to announce the addition of Eric Jenkins to the Enterprise Valuation Services team. Mr. Jenkins will serve as Managing Director with a focus on leading and growing our Disputes Consulting practice.
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CIBC Innovation Banking Provides €35M in Growth Capital Financing to Ageras
August 11, 2022CIBC Innovation Banking announced today that it has provided €35 million in growth capital financing to Ageras to accelerate the Copenhagen-based company’s strategic acquisitions pipeline and to expand its suite of software tailored to the demands of small businesses.
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First Federal Bank Expands Services and Welcomes Jennifer Mulligan
August 11, 2022First Federal Bank announces commercial lending services are expanding to the Tampa market, to complement the existing mortgage offering. Jennifer Mulligan has joined the First Federal team as the Commercial Market Manager and will locally serve her hometown of Tampa Bay.
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Monroe Capital Supports FLEET Response’s Three Add-on Acquisitions
August 11, 2022Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support three add-on acquisitions (Dalworth Restoration, Cousino Restoration, and RestorePro) and provide growth capital for FLEET Response, an existing portfolio company of Trinity Hunt Partners.
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Transcap Fuels Freight Industry with Lightning-Fast Invoice Factoring
August 11, 2022Transcap, a fast-growing freight factoring and alternative lending brand, has brought together America’s top factoring experts to launch a fast, convenient invoice factoring solution designed to support trucking owner-operators, fleets and freight brokers across the nation.
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CNC, Foundry and Warehouse Equipment from LA’s Century-Old Bell Foundry Co. Goes to Auction on August 16
August 11, 2022Tiger Group is auctioning more than 300 lots of machinery and equipment from South Gate’s century-old Bell Foundry Co. In addition to nine Fadal and Doosan CNC vertical machining centers, the online auction on Aug. 16 includes furnaces, molders, cranes, air compressors, rolling stock, and tooling and warehouse equipment.
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Farmer Bros. Co. Announces Amendment to ABL Credit Facility
August 10, 2022Farmer Bros. Co. (NASDAQ:FARM) ( “Farmer Brothers” or the “Company”) today announced that the Company had amended (the “Amendment”) its ABL credit facility with Wells Fargo Bank, N.A., providing further flexibility and additional liquidity under its current revolving credit facility.
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Survey Reveals Middle Market Businesses Continuing to Thrive Despite Macroeconomic Pressures
August 10, 2022New data released from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Max M. Fisher College of Business, reveals that middle market firms are continuing to report sustained growth despite ongoing macroeconomic pressures.
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Heritage Global Inc. Reports Significant Net Operating Growth in Second Quarter 2022; Achieves Improved Profitability
August 10, 2022Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2022.
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Prestige Capital Continues to Expand its Business Development Team and Welcomes Umberto G. DiStefano
August 10, 2022Prestige Capital is pleased to announce that Umberto G. DiStefano has joined the company as Sales Director- MidAtlantic. Umberto, previously a Product Manager at Coface North America, where he sold insurance products to B2B, small and medium size businesses, will be responsible for expanding Prestige Capital’s brand and business in the Mid-Atlantic market.
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Winston & Strawn Advises ACON Investments
August 10, 2022Winston & Strawn advised ACON Investments, a private equity investment firm based in Washington D.C., in the closing of ACON Strategic Partners II, a new single-asset continuation fund of approximately $700 million in connection with the partial sale of its ACON Equity Partners IV portfolio investment in New Era Cap as well as an increase in its existing ownership stake in New Era Cap.
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PNC Bank Further Expands Its Main Street Model With Appointment of Northern California Regional President
August 10, 2022PNC Bank today announced the appointment of financial services veteran and Silicon Valley native Megan Schoettmer as regional president for Northern California. The appointment marks PNC’s continued expansion in the Golden State, including earlier announced regional presidents in Greater Los Angeles, Orange County/Inland Empire and San Diego.
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Houlihan Lokey Expands HCIT Coverage Capabilities
August 10, 2022Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Luiz Greca has joined the firm’s Healthcare Group as a Managing Director to lead the firm’s Healthcare IT (HCIT) practice in the U.S. He is based in the Miami office. Mr. Greca joins from William Blair & Company, where he spent nearly a decade advising clients on M&A, corporate divestitures, and capital-raising transactions across the HCIT sector.
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SVPGlobal Names Brian Himot as Head of Structured Capital
August 10, 2022Strategic Value Partners, LLC (together with its affiliates, "SVPGlobal"), a global investment firm focused on private credit opportunities with over $18 billion of assets under management, today announced that Brian Himot has joined the firm as Head of Structured Capital to lead mezzanine and structured equity investing. Mr. Himot will also serve on SVPGlobal's Management Council.
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