- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
- Monroe Capital Launches Monroe Capital Enhanced Corporate Lending Fund (MLEND)
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
- Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
TSL Express Daily Articles & News
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Eric Gul Joins Tiger Group as Managing Director
Brand executive and corporate counsel Eric Gul has joined Tiger Group as a Managing Director. Most recently General Counsel at Sequential Brands Group, Inc., Gul brings 22 years of experience in advising both public and private companies on IP, licensing, M&A, divestitures, financings and other matters involving consumer-facing brands.
Based in New York, Gul joins Tiger Group at a time when the asset valuation, disposition and finance firm is scaling up its practice of appraising and verifying brand value as lending collateral. He will play a central role in those efforts and will also bring his expertise to projects involving licensing, M&A and new IP investment opportunities.
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TSL Express Daily Headlines & News
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SBA Provides SFNet with Guidance to Increase the Likelihood of a Quick and Successful EIDL Subordination Request
February 2, 2022Earlier this month, SFNet informed readers that, based on continued member feedback expressing concerns regarding the subordination process of the SBA’s COVID EIDL program, SFNet submitted a letter to the SBA. This letter led to a productive discussion with the SBA, who provided insights to increase the likelihood of a quick and successful subordination request.
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Latam Airlines Judge to Allow Creditor Vote on Bankruptcy Exit
February 2, 2022Latam Airlines Group SA can send its $5.4 billion bankruptcy-exit plan to creditors for a vote, a judge said Tuesday, handing the airline a partial victory over debtholders who want to pursue alternatives, including a takeover by rival Azul SA.
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Delta 9 Announces Commitment Letter for $32 Million Non-Dilutive Credit Facility
February 2, 2022DELTA 9 CANNABIS INC. (“Delta 9” or the “Company”) today announced that it has entered into a binding commitment letter (the “Commitment Letter”) with connectFirst Credit Union Ltd. (“connectFirst”) for $32 million in credit facilities (the “Proposed Credit Facilities”). The Proposed Credit Facilities would be offered to the Company through First Calgary Financial, a division of connectFirst.
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Verano Exercises Option on Existing Credit Facility to Draw Remaining US$100 Million at 8.50% to Fund Strategic Growth Initiatives
February 2, 2022The amendment brings the total outstanding senior secured term loans under the credit facility to US$350 million. Chicago Atlantic Advisors, LLC (“Chicago Atlantic”) is the lead administrative agent and collateral agent, with participation from AFC Gamma, Inc. (“AFC Gamma”).
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Cahill Announces New Partner and Counsel Elections
February 2, 2022Cahill Gordon & Reindel LLP announced today that Daniel Anderson, Donna M. Bryan and Andrew Schwartz have been elected to the partnership in Cahill’s New York office.
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CohnReznick Elevates 21 Professionals to Partner/Principal
February 2, 2022CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has promoted 21 professionals to its partnership, effective February 1, 2021.
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William Blair Announces Beth Satterfield as COO
February 2, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the expansion of its executive leadership team and named Beth Satterfield to the newly created position of chief operating officer.
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Banc of California Hires Education Finance Expert to Bolster Charter School Practice
February 2, 2022Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and lending to charter schools. In this position, Helgeson will be reporting to Patti Thompson-Derry, Market Executive for Banc of California’s Healthcare, Education and Non-Profit Banking Group.
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Fifth Third Business Capital Provides $9 Million to Armored Republic Holdings for Management Buyout
February 2, 2022Fifth Third Business Capital provided a $9 million revolving line of credit, term loan and capital expenditure facility for Armored Republic Holdings LLC, Phoenix, AZ. Armored Republic Holdings manufactures body armor and related accessories primarily for direct-to-consumer use as well as select law enforcement and public safety professionals. Convergent Capital, an SBIC partner and mezzanine lender to several Fifth Third portfolio companies, assisted in the acquisition.
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Three in Four CEOs Fear Losing Their Jobs, Says AlixPartners Survey
February 2, 2022The AlixPartners 2022 Disruption Index surveyed more than 3,000 CEOs and executive leaders to examine their top business concerns and the impact of disruption--defined as the forces that displace businesses, markets, and operating models--on their organizations. Amid unprecedented business disruption, CEOs say the pandemic is not their foremost concern in the year ahead.
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Wells Fargo Names Jessica Lupovici to Lead Its Middle Market Banking East Region
February 2, 2022Wells Fargo & Company (NYSE: WFC) today announced that Jessica Lupovici has been named head of Middle Market Banking’s East Region, part of Commercial Banking. Lupovici will join Wells Fargo in April and report to Kristin Lesher, executive vice president and head of Wells Fargo Middle Market Banking.
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Syniverse Successfully Completes Syndication of $1.165 Bn Debt Refinancing
February 2, 2022Barclays Bank PLC acts as Joint Lead Arranger and Joint Bookrunner on the Term Loan, together with Goldman Sachs Bank USA, Mizuho Bank, Ltd., BofA Securities, Inc., Credit Suisse Loan Funding LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp. and Société Générale. Barclays Bank PLC will also be the Administrative Agent.
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CNH Finance Closes More Than 40 Facilities During 2021
February 2, 2022CNH Finance is pleased to announce it closed more than 40 facilities during 2021 totaling over $160MM in new commitments. These results signify its commitment to long-term stabilized portfolio growth through building new client relationships and supporting growth in existing partnerships.
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Celtic Capital Corporation Provides Financing for Commercial Printing Company
February 2, 2022Celtic Capital Corporation today announced its most recent new client relationship – a California-based commercial printing company. The Company had experienced a drop in revenue due to the pandemic and was in violation of certain loan covenants with its bank.
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Hong Kong-based Steel Trader Secures $20 Million Export Factoring Facility from Tradewind Finance
February 2, 2022Tradewind Finance is pleased to announce it has closed a USD 20 million export factoring facility for a steel trading company based in Hong Kong. The facility, in addition to the steel trader’s significant existing borrowing facilities, will be used to support the company’s growing international trade requirements, primarily to the US and Europe and upcoming trade deals based in South America and Southeast Asia.
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Stonebriar Commercial Finance Closes a $69 Million Renovation-to-Permanent Real Estate Financing
February 2, 2022Stonebriar Commercial Finance (“Stonebriar” or “SCF”) announces the closing of a $69 million financing for the repositioning of vacant industrial real estate. This 85 percent loan-to-cost mortgage financed both the purchase and redevelopment of a single industrial asset into two separate triple-net (NNN) properties.
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Winston & Strawn Represents The Vistria Group
February 2, 2022Winston & Strawn represented The Vistria Group in its majority recapitalization of Education Solutions Services (ESS.) ESS is one of the nation's leading scaled managed services companies dedicated to K-12 outsourced substitute, paraprofessional, and in-classroom virtual teacher solutions.
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Bridge Bank Provides $40 Million Credit Facility to Support Sayari Labs’ Growth
February 2, 2022Bridge Bank today announced its Technology Banking Group has closed on a $40 million credit facility for Sayari Labs Inc., a Washington, D.C.-based leader in financial intelligence and supply chain risk solutions. The credit facility includes venture debt and a monthly recurring revenue (MRR) line of credit to help fund Sayari’s growth.
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CENTOGENE Announces USD 62 Million Aggregate Equity and Debt Financings to Support Growth Plan
February 1, 2022Centogene N.V. (Nasdaq: CNTG), a commercial-stage company focused on generating data-driven insights to diagnose, understand, and treat rare diseases, today announced the closing of a EUR 15 million (approx. USD 17 million) private placement financing from investors led by DPE Deutsche Private Equity, TVM Capital Life Science, and Careventures (the “Private Placement Financing”), as well as the entry into a USD 45 million senior secured loan facility provided by Oxford Finance LLC, a specialty finance firm providing senior debt to life sciences and healthcare companies (the “Loan Facility”).
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FGI Names Sami Altaher as President
February 1, 2022FGI Worldwide LLC (www.FGIWW.com) has announced that Sami Altaher has been named President of FGI, effective today, February 1st. David DiPiero will continue to serve in his role as Chief Executive Officer. Mr. Altaher’s promotion and Mr. DiPiero’s continued service as CEO reflect their long-term vision for the senior leadership of FGI and their respective responsibilities.
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SFNet's The 81st Annual Convention Issue
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