- Flagstar Bank Extends Joseph Otting's Term a CEO and Announces Executive Leadership Updates
- Market Sizing Study
- Pemberton Announces Final Close of the Fourth Vintage of its Strategic Capital Strategy at €3.4bn, Currently Europe’s Largest Opportunistic Direct Lending Fund[1]
- Partner Jarel Rosser Joins King & Spalding’s Finance and Restructuring Practice in New York
- Brean Capital Closes $74.5 Million Corporate Note Financing for Renovo
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Second Avenue Capital Partners Closes On A Senior Secured Credit Facility For myGemma
Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced it has closed on a $10,000,000 senior secured credit facility (which includes an accordion feature) for myGemma, a modern and professional alternative for consumers wanting to buy or sell high-end luxury goods. The credit facility will be used to support increased working capital and additional inventory purchases as the business continues to rapidly grow.
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Secured Finance Foundation – Where We Were and Where We’re Going
The Secured Finance Foundation, a 501c3 organization, has been busy this past year rolling out new programs that benefit our industry. Some of the important initiatives from 2019 include commissioning and delivering a groundbreaking Market Sizing & Impact Study, with assistance from Ernst and Young, LLP, which is free to our members and donors..
TSL Express Daily Headlines & News
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Iron Horse Credit Provides a $3 Million Inventory Line of Credit to an E-Commerce Retailer of Bedding and Loungewear
April 19, 2022As a fourth-generation family involved in the textile industry, the client has developed a product of fabric blends that are radically soft, durable, and practical. With a focus on creating a product that is sustainable and eco-friendly, its design is intended to keep waste to a minimum and be easily reusable.
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SLR Equipment Finance, Formerly Known as Nations Equipment Finance, Expands its business Development Capabilities and Announces that Scott Caponegro has Joined the Company
April 19, 2022SLR Equipment Finance is pleased to announce Scott Caponegro has joined our company as a senior vice president of business development. In his role, Scott will help grow SLR Equipment Finance’s leasing and lending activities in the capital markets.
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CV Credit Announces Promotion For The U.S. Market, And New Hire For Latin America
April 19, 2022CV Credit is pleased to announce the promotion of Theresa Gamboa to vice president, U.S. managing director at CV Credit. Theresa continues to be instrumental in business development and pipeline expansion of domestic and international factoring and supply chain transactions for SMEs since she started at CV Credit in March 2021. CV Credit is also pleased to announce the hiring of Emilio Estevez as vice president of business development at CV Credit for Latin America.
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FTI Consulting Grows Financial Services Practice with Addition of Enrique Ubarri
April 18, 2022FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in its Financial Services practice within the Forensic and Litigation Consulting segment with the appointment of Enrique Ubarri as a Senior Managing Director.
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Recreational Realty Announces New Secured Credit Facility
April 18, 2022Recreational Realty LLC ("Recreational Realty" or the "Company"), a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, today announced that it has secured a syndicated revolving credit facility led by Truist Securities and Citizens Bank that allows the Company to borrow up to $300 million assuming certain conditions are met.
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Edgemere to Restructure to Build a Sustainable Financial Future
April 18, 2022Edgemere Dallas ("Edgemere" or "the community") today announced it has taken decisive action to best position the community for the future and protect the interests of its stakeholders by initiating a voluntary and comprehensive restructuring through Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas.
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First Business Bank Promotes Kim Preston To Senior Vice President
April 18, 2022Kim Preston has been with First Business Bank over 28 years and has over 35 years of experience in financial services. Kim leads the Milwaukee Treasury Management team to assist businesses to improve cash flow, fraud mitigation, improve efficiencies and maximize earnings.
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White Oak Global Advisors Adopts Global Impact’s Impact Measurement System
April 18, 2022White Oak Global Advisors ("White Oak"), a global alternative asset manager providing flexible and secure funding to help businesses, is pleased to announce its adoption of Impact Rate of Return®, a comprehensive impact analytics system provided by Global Impact LLC (“Global Impact”).
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Corporate Attorney Margaret C. Bae Joins Dorsey’s New York Office
April 18, 2022Margaret C. Bae has joined Dorsey as a Partner in the Firm’s New York office. She brings significant corporate experience, including mergers and acquisitions, joint ventures, corporate finance, private equity, corporate governance, and general corporate representation.
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Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in March
April 18, 2022The first was a $1,500,000 limit to a privately held manufacturer and distributor of specialty apparel who was introduced to Tradecycle by their senior lender. The second was a $1,000,000 limit to a private equity-owned manufacturer of specialty sports equipment.
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Eastern Bank Welcomes Leading Mechanical Industry Supplier Charles D. Sheehy, Inc. As A Commercial Customer
April 18, 2022Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving the contracting industry in New England. Eastern Bank is providing financing for a working line of credit, term loan and commercial real estate mortgage to support the company’s ongoing financial and growth needs.
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Gridiron Capital Invests in Vertical Supply Group
April 18, 2022Gridiron Capital, LLC ("Gridiron Capital"), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced an investment in Vertical Supply Group ("VSG" or the "Company"), a trusted supplier of high-cost of failure, fall protection equipment and arborist tools serving the tree care industry and other work-at-height professionals.
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Summit Park Is Pleased to Announce Recent Promotions
April 18, 2022Summit Park, a Charlotte-based lower middle market private equity firm, is pleased to announce recent promotions at the firm. Jason Carlock, Drew Gilbert, Rachel Hannon, and Mike York have all been promoted to Partner. Chris Cotton has been promoted to Financial Operating Partner, and Corey Millette has been promoted to Chief Financial Officer.
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Republic Bank Hires Two Seasoned Executives to Lead Growth in Long Island Market
April 18, 2022Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of two Long Island-based executives to lead the bank’s expansion in the market. Robert McKenna will serve as Senior Vice President and Team Leader in Long Island while Susan Aminov joins as Vice President and Regional Private Banker covering New York City and Long Island.
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Click Therapeutics Closes $15 Million Debt Financing from Silicon Valley Bank
April 18, 2022Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has secured a $15 million term loan from Silicon Valley Bank. Proceeds from the financing were used in part to retire Click’s existing term loan facility with K2 HealthVentures (K2HV).
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Partner Jim Park and Counsel Allison Seeley Add to Faegre Drinker’s Finance & Restructuring Practice in Minneapolis
April 18, 2022Faegre Drinker announced today that partner Jim Park and counsel Allison Seeley have joined the firm in the finance & restructuring practice in Minneapolis. Park and Seeley come to Faegre Drinker from a large international law firm, and Park was formerly with Faegre & Benson from 2000 to 2006.
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ClearStream Completes Refinancing of Credit Facility
April 14, 2022ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced that it has completed the refinancing of its asset-based revolving credit facility (the “Refinancing”). ClearStream established a new $25 million asset-based revolving credit facility with a three-year term (the “ABL Facility”) to replace its existing $15 million asset-based revolving credit facility
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FGI Provides €36MM ABL Facility for Acal BFi
April 14, 2022GI Worldwide LLC (“FGI”), a multi-jurisdictional specialty lender, is proud to announce its support of H2 Equity Partners’ (“H2”) £50 million acquisition of Acal BFi from DiscoverIE Group plc (LSE: DSCV). FGI provided a €36MM cross-border, multi-asset, committed credit facility in support of the acquisition and for ongoing working capital needs of the Company. Westbrooke Alternative Asset Management provided the mezzanine credit facility for the transaction.
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Leigha Price & Kevin Wiley Join First Business Bank’s Growing Floorplan Financing Team
April 14, 2022First Business Bank’s Floorplan Financing team is pleased to welcome Leigha Price and Kevin Wiler to the team as Floorplan Servicing Specialists. Leigha and Kevin both have outstanding backgrounds that enable them to provide best-in-class service to independent car dealerships.
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First Eagle Credit Opportunities Fund Sees Strong Demand in Retail Channel
April 14, 2022First Eagle Investments (“First Eagle”) today announced that total assets under management in the First Eagle Credit Opportunities Fund (A-Share Class: FECAX; I-Share Class: FECRX) had eclipsed the $350 million threshold approximately 18 months since its launch.
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