- Christopher “Chris” Babcock, Former ~25 Year Director from BNY Mellon Asset Management, Joins Star Mountain Capital as Managing Director
- CVC Credit Prices First new CLO of 2026
- Western Alliance Bank Launches Healthcare Industry Specialization, Led by Industry Veteran Jennifer Hwang
- SFNet Market Pulse
- Trinity Capital Inc. Provides $20 Million in Growth Capital to Emboline, Inc. to Advance Interventional Heart Procedure Technology
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Eclipse Business Capital Provides $125mm In Financing To An Integrated Steel Manufacturer
Eclipse Business Capital (“EBC”) announces the completion of a revolving credit facility for a vertically integrated manufacturer of steel products. The credit facility will be used to refinance existing bank indebtedness and provide ongoing working capital financing. The new revolver from Eclipse will provide needed liquidity to allow the company to capitalize on its strong market position and technical expertise.
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TSL Express Daily Headlines & News
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Greenberg Traurig Adds Fund Formation Specialist to Growing Private Funds Team
May 12, 2022Global law firm Greenberg Traurig, LLP continues the strategic expansion of its Private Funds Group with the addition of Curtis Stefanak, an experienced fund formation and investment management attorney, as client demand for private investment funds remains strong.
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Dwight Capital Finances Over $227.2MM in April 2022
May 12, 2022Dwight Capital closed over $227.2MM in real estate financings during April. Featured among Dwight’s transactions are HUD loans for Highland Ridge Apartments and Harbor Heights Apartments, and a bridge loan for 235 Valencia Street.
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Deserve Secures $250M Credit Facility from Goldman Sachs, Cross River and Waterfall Asset Management
May 12, 2022Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced today a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve's digital-first, mobile-centric, and highly configurable credit card platform, the company will use this new funding to meet the growing demand from financial institutions, fintechs, and consumers.
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Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal
May 12, 2022Today, Cypress Environmental Partners, L.P. (NYSE: CELP) (“Cypress” or the “Company”) announced that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut Private Equity (“Argonaut”), that is expected to clear approximately $58 million worth of debt.
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FTI Consulting Expands Corporate Finance & Restructuring Segment in France with Appointment of Senior Business Transformation Expert
May 12, 2022FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in the Corporate Finance & Restructuring segment in France with the appointment of business transformation expert Thierry Miremont as a Senior Managing Director in Paris.
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Prestige Capital Leads a Coalition of 5 Finance Companies to Provide $100M in Capital to Address Urgent Health Care Staffing Needs Across the Nation
May 12, 2022Prestige Capital has a long history of providing funds to companies to address immediate working capital needs. In 2018, Prestige Capital provided a $3M factoring facility to a west coast staffing company providing both temporary and permanent staffing. A little more than a year later this client graduated from the Prestige Capital program and was able to secure financing from a traditional bank.
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J D Factors Announces Factoring Facilities
May 12, 2022J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Ontario; $150,000 to a transportation company in Florida; $1,000,000 to a transportation company in Quebec; $500,000 to a transportation company in Alberta and $300,000 to a transportation company in Ontario.
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Wintrust Receivables Finance Announces the Closing of a $19,500,000 Line of Credit to a Hospitality Staffing Firm
May 12, 2022Wintrust Receivables Finance (WRF) is pleased to announce the closing of a new $19,500,000 credit facility for this Midwest-based provider of hospitality staffing. The company specializes in the recruitment and placement of hospitality professionals. The Company's clients include corporate dining companies, country clubs, hospital food service companies, special events centers, stadiums, and hotels.
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BNP Paribas and Northland Power Partner With Export Development Canada to Close Sustainability-Linked LC Facility for Renewable Power Projects
May 10, 2022BNP Paribas, a leading global bank, announced today that it has recently closed an amendment to add sustainability-linked incentives to its Letter of Credit (“LC”) Facility with renewable power producer, Northland Power Inc. (“Northland”).
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Unity Bank Names Industry Veteran Donovan Chief Lending Officer
May 10, 2022Unity Bank on Monday said industry veteran Jim Donovan joined the Clinton-based community bank as chief lending officer, bringing more than 35 years of financial services industry leadership experience to the financial institution.
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First Business Bank’s Asset-Based Lending Group Funds $7 Million Credit Facility
May 10, 2022Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $7 million revolving credit facility for an auto industry die manufacturer seeking to refinance.
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Winston & Strawn Represents Investcorp India Acquisition Corp
May 10, 2022Winston & Strawn represented Investcorp India Acquisition Corp (NASDAQ: IVCAU), a newly incorporated blank check company, which has announced the pricing of its initial public offering of 22,500,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market (“NASDAQ”) and are expected to trade under the ticker symbol “IVCAU” beginning on May 10, 2022.
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MidCap Business Credit LLC Completes a $15 Million Credit Facility to Walker Midwest, LLC and Walker West, LLC
May 10, 2022MidCap Business Credit LLC, announced that it has completed a $15 million asset-based credit facility to Walker Midwest, LLC and Walker West, LLC formed to acquire the assets of Millenia Products Group Inc., and WAC LLC, pursuant to an Article 9 UCC sale. The Company, headquartered in Itasca, IL, is a manufacturing and steel service business providing metal fabrication, stamping and roll forming services to OEM leaders in the automotive, solar, tool storage and electronics industries throughout the US and Canada.
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Express Trade Capital Completes $3.2 Million Trade Finance Facility
May 10, 2022When a well-established and long-term client needed to execute a Trade Finance transaction within 48 hours in order to take advantage of an extremely profitable purchase opportunity, they knew the financier to turn to Express Trade Capital.
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BankUnited Hires Commercial Real Estate Banking Executive Serving Southeast Region of U.S. from New Atlanta Office
May 10, 2022BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), has announced the hiring of Nate Seymour as market executive, southeast commercial real estate banking, based in the bank’s new Atlanta wholesale banking office.
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Wolters Kluwer Launches OmniVault for Real Estate Finance
May 10, 2022Wolters Kluwer Compliance Solutions has today launched its OmniVault for Real Estate Finance solution. OmniVault for Real Estate Finance uses the company’s industry-leading, multi-award winning eVault technology to support digital home equity lending, both HELOCs and home equity loans, in addition to already supported conventional, U.S. government and jumbo first mortgages.
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36th Street Closes $14 Million Funding for EV Components Manufacturer
May 10, 202236th Street Capital announced it recently served as lessor of record and servicer for a $40 million equipment financing of manufacturing equipment dedicated to production of electric vehicle components. 36th Street funded $14 million for its own account, with other financial institutions rounding out the transaction.
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Winston & Strawn Adds Corporate Partner Sean F. Hilson in Chicago
May 10, 2022Winston & Strawn LLP announced today the addition of Sean F. Hilson as a partner in the firm's Chicago office and as a member of the firm's Corporate practice.
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Deerpath Capital Closes Fifth Collateralized Loan Obligation
May 10, 2022Deerpath Capital Management, LP, one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America, today announced the closing of Deerpath CLO 2022-1, a $375 million collateralized loan obligation (CLO).
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Guess?, Inc. Announces New EUR 250 Million European Credit Facility With Sustainability-Linked Component
May 10, 2022Guess?, Inc. (NYSE: GES) today announced that it has entered into a €250 million revolving credit facility through its wholly-owned Swiss subsidiary, Guess Europe Sagl. The facility has an initial term of five years, with an option to extend the maturity date by up to two years and an option to expand the facility by up to €100 million, subject to certain conditions.
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