- CIBC Announces Senior Executive Leadership Changes
- Cerebro Capital Facilitates Over $100mm in Debt Financings
- Bit Digital Originates Strategic Financing Facility Supporting WhiteFiber Growth Initiatives
- Partner Jarel Rosser Joins King & Spalding’s Finance and Restructuring Practice in New York
- Monroe Capital Supports Warburg Pincus’ Investment in Cornerstone Caregiving
TSL Express Daily Articles & News
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Today's Top Story
Featured
eCapital Acquires CNH Finance
eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the UK, today announced the acquisition of CNH Finance, a Connecticut-based, specialty finance company focused on the healthcare industry.
TSL Express Trending Story
Featured
LIBOR Phase-Out: Considerations for Oil & Gas Companies
With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:
- why LIBOR is being phased out;
- the transition plan for the phase-out;
- items companies should consider; and the steps that can be taken now.
TSL Express Daily Headlines & News
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Blue Ridge Bank Expands Middle Market Banking Effort
May 2, 2022Blue Ridge Bank, N.A. (the "Bank"), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), today announced the establishment of its middle market banking division.
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Citizens leads new credit facility for 1A Auto, Inc.
May 2, 2022Citizens is leading a new senior secured credit facility for Nashua, N.H.-based 1A Auto, Inc., a leading specialty e-tailer of automotive products. Citizens is Lead Left Arranger and Administrative Agent.
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Second Avenue Capital Partners provides a senior secured credit facility to MARIA TASH
May 2, 2022Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced today it has provided a senior secured credit facility to MARIA TASH, a fine jewelry and luxury piercing brand founded by designer Maria Tashjian.
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Catalina Consuegra Joins Greystone as Vice President, DEI
May 2, 2022Greystone, a leading national commercial real estate finance company, announced that Catalina Consuegra has joined the firm as a Vice President of Diversity, Equity & Inclusion, reporting to Pranika Sinha, Managing Director and head of the firm’s DEI strategy and efforts.
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New Leadership Team Joins WEX to Lead Capital Solutions Business
May 2, 2022WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announces the launch of WEX Capital.
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BHI appoints David Jeddah, VP, Relationship Manager and Benjamin Azizi, VP, Relationship Manager
May 2, 2022BHI, a full-service commercial bank, announced that its Commercial Real Estate Group is continuing to expand its team and breadth of products.
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Huntington Business Credit Deal Announcement with Designer Brands Inc.
May 2, 2022Huntington Business Credit acting as Administrative Agent, Joint Bookrunner and Joint Lead Arranger announced it closed a new $550,000,000 credit facility with Designer Brands Inc. on March 30, 2022.
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Goldman Sachs recently offered its first Bitcoin (BTC)-backed loan
May 2, 2022The large investment bank announced the opening of its first-ever loan facility backed by Bitcoin. This comes a few months after their $100k price forecast for the popular cryptocurrency.
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AFC Gamma Secures $60 Million Senior Revolving Credit Facility with Commitments from Two FDIC-Insured Banks
May 2, 2022AFC Gamma, Inc. today announced that it has entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.
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National Citizens Business Conditions Index™ Soars to Record High Even as Economic Uncertainty Grows
May 2, 2022Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) reached 59.5 for the first quarter of 2022, up markedly from 54.4 at the end of 2021 and reaching its highest level since Citizens began tracking the data in 2014, suggesting that lessons learned by businesses during the pandemic coupled with strong consumer demand were a potent combination.
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Global M&A Activity Dropped in Q1 2022 Following Staggering Growth in 2021, says GlobalData
May 2, 2022Global merger and acquisition (M&A) activity has clearly weakened in the first quarter of 2022, according to GlobalData, with total transaction value dropping to $725 billion—almost 23% lower than Q4 2021. The leading data and analytics company notes that this is a sign that activity is going back to ‘normal’, after the staggering growth seen in 2021.
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Celtic Capital Corporation Provides Accounts Receivable Line of Credit to two Washington-based Affiliated Companies
May 2, 2022Celtic Capital Corporation today announced its most recent new client relationship – two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. These Companies were referred to Celtic Capital by their Chairman who knew of Celtic Capital from a former position he held with a turnaround and restructuring firm.
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Cushman & Wakefield Announces an Amendment and Extension of Credit Facility
May 2, 2022Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced that the firm has amended its current Credit Agreement to increase the revolving commitments from $1.0 billion to $1.1 billion and has also extended the maturity date for the revolving credit facility from August 21, 2023 to April 28, 2027. All other terms are substantially similar to the existing credit facility.
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Pluribus Technologies Corp. Announces New Three-Year, $42 Million Credit Facility
April 28, 2022Pluribus Technologies Corp. (TSXV: PLRB) (the "Company") today announced that it has entered into an agreement for a new three-year, $42.0 million credit facility (the "New Facility") with National Bank of Canada. The New Facility replaces Pluribus' existing facilities that were set to mature at various intervals between 2022 to 2024.
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GAN Provides Strategic Update and Announces Successful Completion of $30 Million Term Loan
April 28, 2022GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today provided an update on several strategic initiatives.
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SouthState Adds Commercial, Business, Private Banking Expertise in Florida, Alabama, Georgia and South Carolina
April 28, 2022SouthState Bank has hired nine bankers to continue to expand its Commercial, Business and Private Banking teams across Florida, Alabama, Georgia and South Carolina.
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StoneX Group Inc. Announces New Three-Year Credit Facility
April 28, 2022StoneX Group Inc. (Nasdaq:SNEX) today announced that it has agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving credit facility and a $165 million Term Loan A facility, is being amended to a $475 million revolving credit facility.
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Comvest Credit Partners Leads Dividend Recapitalization of Saatva
April 28, 2022Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility (the “Financing”) to Saatva (or the “Company”), a leading direct-to-consumer (DTC) online retailer of luxury mattresses and sleep products. The Financing was used to support a dividend recapitalization of the Company by Saatva management and TZP Group, a private equity firm.
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TradeCap Partners Provides $800,000 Production Finance Facility for Inegrated Security Solutions Company
April 28, 2022TradeCap worked quickly to assess credit limits with each supplier, open AP obligations and needs to support the various projects. A facility was structured around supplier terms and cash flow needed to maintain terms with suppliers and complete installation for the multiple projects. The 15+ suppliers in the supply chain had various lead times, some up to 8 weeks, and either required prepayment with placement of the order or payment on terms.
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LSQ Provides $65 Million Working Capital Facility, Implements AR Management Program for Continuum Global Solutions
April 28, 2022LSQ, a leading provider of working capital finance and payments solutions, recently funded a $65 million working capital facility for Continuum Global Solutions, a provider of omnichannel contact center services worldwide via voice and non-voice channels such as chat, email, and social media.
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