- OceanFirst Financial Corp. and Flushing Financial Corporation Announce Receipt of the Requisite Shareholder Approvals for Pending Merger Transaction
- Gordon Brothers Releases 2026 Global Asset Insights Report
- Heritage Global Valuations Appoints Elise DiBenedetto as Director of Business Development
- Conduit Power and Eldridge Announce $200 Million Equipment Financing Facility
- Mattr Announces Closing of Credit Facility Extension
TSL Express Daily Articles & News
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Lexicon Enters Into Loan Facility With Oxford Finance For Up To $150 Million To Support Planned Commercialization Of Sotagliflozin
Lexicon Pharmaceuticals, Inc. (Nasdaq: LXRX) today announced it entered into a loan facility with Oxford Finance LLC that provides up to $150 million in borrowing capacity designed primarily to support commercial preparations and the potential launch of sotagliflozin in heart failure.
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Gateway Trade Funding Provides a $1,500,000 Purchase Order Facility to an Importer of Dried Noodle Bowls
February 23, 2022An importer of dried noodle bowls received a new large order from a grocery chain but lacked the working capital to accept it. They were working with a referral source who recommended partnering with Gateway Trade Funding to find a way to accept the order.
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Texas Capital Bank Partners with Huston-Tillotson University to Provide Commercial Lending Certificate Program in East Austin
February 23, 2022Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), in coordination with the American Bankers Association (ABA), has expanded its Commercial Lending Certificate Program to Huston-Tillotson University in Austin, Texas. Texas Capital Bank and ABA began the Commercial Lending Certificate Program for Historically Black Colleges and Universities (HBCUs) in 2021 with Prairie View A&M University located in Prairie View, Texas.
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FTI Consulting U.S. Loan Market Survey: Lenders Expect Slightly More Workout Activity in 2022
February 23, 2022FTI Consulting, Inc. (NYSE: FCN) today released the findings of its 2022 U.S. Loan Market Survey, which provides insight into the impact of COVID-19, inflation and other economic trends on the U.S. loan industry, along with expectations for leveraged credit market conditions this year.
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Amryt Completes $125 Million Non-Dilutive Debt Refinancing
February 23, 2022Amryt (Nasdaq: AMYT), a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, announces that it has secured $125 million of senior credit facilities from funds managed by the Credit Group of Ares Management Corporation (“Ares”).
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CIBC Innovation Banking Provides Financing Solutions to Graphite Ventures
February 23, 2022CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a capital call line of credit, to Graphite Ventures (Graphite), a $100-million fund focused on seed-stage investments and extensions, through to the rights for Series A rounds. The capital call facility provides Graphite with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.
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Amerisource Business Capital Strengthens Team with Recent Appointment
February 23, 2022Amerisource Business Capital announced the recent appointment of Randy Goeken as Regional Market Manager. Randy has over 35 years of experience in commercial finance, primarily in business development and relationship management, with lower middle market companies. Based in California, he is responsible for the development of the Western Division.
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New Report Shows Upturn In Global Receivables Finance Market
February 23, 2022EQ Riskfactor, a leading global provider of risk management software for the commercial finance market (part of Equiniti Group), today launches its new international report, Navigating 2022 And Beyond. The new report interviewed senior professionals from the receivables finance industry across the UK, US, Germany, France and the Netherlands on what lies ahead for receivables finance lenders in 2022. The view across international borders did not waiver – receivables finance lenders are feeling positive and optimistic about the year ahead.
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Kratos Announces Completion of Refinancing Transaction
February 22, 2022Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today announced the refinancing of its outstanding $90 million Revolving Credit Facility and $300 million 6.5% Senior Secured Notes, with a new 5-year $200 million Revolving Credit Facility and 5-year $200 million Term Loan A (collectively, the “New Credit Facility”). The Company has drawn approximately $200 million under the Term Loan A and $100 million on the new Revolving Credit Facility, with $100 million remaining in borrowing capacity.
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TAB Bank Provides Demolition Company in Alaska with a $2 Million Asset-Based Credit Facility
February 22, 2022TAB Bank is pleased to announce it has provided a demolition company in Alaska with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Sinch Signs New Credit Facility
February 22, 2022Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announces that is has entered into a 3+1+1 year credit facility in the amount of approximately SEK 7 500 million with a syndicate of 9 banks.
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Cogent Bank Grows Throughout Florida, Announces $1B in Assets
February 22, 2022On the heels of significant growth and expansion in 2021, Cogent Bank has achieved another milestone – reaching $1 billion in assets. Cogent continues to experience strong loan and deposit growth. The Bank’s total loans grew by 51% since 2020 and notably, specialty lending doubled in 2021.
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J D Factors Announces Factoring Facilities
February 22, 2022J D Factors announced it has provided the following factoring facilities: $150,000 to a transportation company in North Carolina; $100,000 to a transportation company in Ontario; $100,000 to a transportation company in Tennessee; $100,000 to a transportation company in Georgia...
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Existing Staffing Client Entrusts Sallyport to Finance Expansion
February 22, 2022Sallyport’s client, who provides staffing services to the energy industry, has just been equipped with a $500,000 accounts receivable facility to finance expansion and support their opening of a new division. This facility will enable them to manage working capital as they open a new office and focus on building the business there with the knowledge that payroll is covered.
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Fast Growing Huntingdon Valley Bank Expands; Adds Key Commercial Team
February 22, 2022HVB Bancorp, Inc., the parent company of Huntingdon Valley Bank, announced the opening of a new Commercial Banking Office to be led by newly appointed Market President, Allan Burkley, former SVP and Team Leader, C&I Lending at Meridian Bank. Joining Burkley are his three former colleagues from Meridian, SVP, William McDougall, VP, Rosen Nenchev, and Relationship Manager, Ryan Mundy.
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SDRL - Seadrill Announces Timeline for Expected Emergence from Chapter 11
February 22, 2022Seadrill Limited ("Seadrill" or the "Company") announces today that it anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously announced, Seadrill's Chapter 11 plan of reorganization (the "Plan") was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021.
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Truist Financial: Securities Announces Leadership Appointments in Technology, ESG, and Private Institutional Capital Investment Banking
February 22, 2022Truist Securities today announced the recent appointments of three new investment banking group heads, expanding and strengthening the firm's client coverage and commitment to offering a high-touch advisory approach. Stellar Kim Tucker has joined Truist Securities as group head of Technology Investment Banking overseeing teams that serve the cloud technology, fintech, software and internet, martech and IT services industries. She will also serve as head of Truist Securities' Miami office.
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Neuronetics Announces Amendment of Credit Facility with SLR Investment Corp.
February 22, 2022Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced it has amended its term loan agreement with its current lenders, investment affiliates managed by SLR Investment Corp. (SLR), which was originally entered into on March 2, 2020 and subsequently amended on April 20, 2020 and December 2, 2020.
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Huron Capital's Direct Connect Logistix Expands into Mountain West with Acquisition of Performance Logistics
February 22, 2022Leading lower-middle-market private equity firm Huron Capital Partners ("Huron Capital") announced today that its third-party transportation and logistics services platform, Direct Connect Logistix ("DCL"), has acquired Performance Logistics, LLC ("Performance Logistics"). The combination of Performance Logistics' refrigerated and frozen food transportation services and large customers in the Mountain West strengthens DCL's capabilities, customer base and geographic reach.
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Fluor Extends and Expands Credit Facility and Links Borrowing Costs to Future Environment, Social and Governance Performance Indicators
February 22, 2022Fluor Corporation (NYSE: FLR) announced today that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further lower the Company’s overall borrowing costs. These key performance indicators will be based on a future agreement with BNP Paribas and BofA Securities, Inc. as sustainability coordinators.
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M&T Bank Corporation and People's United Financial, Inc. Extend Merger Agreement
February 22, 2022M&T Bank Corporation (and People's United Financial, Inc. jointly announced today that the two companies have agreed to extend their merger agreement from February 21, 2022 to June 1, 2022. The merger received approval from both the New York State Department of Financial Services and the Connecticut Department of Banking in October 2021.
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