- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- Spirit Airlines Gets $100 Million Lifeline Amid Restructuring
- Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
- Origis Energy Closes $290 Million Financing for Swift Air Solar II and III Projects with Natixis CIB and Santander
- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
TSL Express Daily Articles & News
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TD to Expand in the Southeastern U.S. with Acquisition of First Horizon
TD Bank Group ("TD" or "the Bank") (TSX andNYSE: TD) and First Horizon Corporation ("First Horizon") (NYSE: FHN) today announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at US$13.4 billion, or US$25.00 for each common share of First Horizon. Through this financially compelling transaction, TD accelerates its long-term growth strategy in the United States by acquiring a premier regional bank with an aligned culture and risk-management framework.
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TSL Express Daily Headlines & News
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Big Shoulders Capital Provides a Equipment Term Loan to a Utah-based Resort Developer
January 18, 2022Big Shoulders Capital provided a $1,500,000 equipment term loan to a Utah-based resort developer. The loan was secured by the developer’s fleet of construction equipment.
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Pandemic Drives Americans to Pursue Financial Mobility and Personal Priorities, KeyBank Survey Finds
January 13, 2022The KeyBank 2022 Financial Mobility Survey, released today, finds many Americans are reconsidering their work and financial priorities, with two-thirds (62%) of respondents indicating that work-life balance is more important to them than a high-paying salary (22%). While the desire for greater work-life balance exists, only a quarter (25%) of Americans say they have experienced an improvement in their standard of living compared to 2020. These findings highlight a shift in mentality as Americans take steps to overcome obstacles and re-align priorities for financial mobility.
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Earnings in the U.S. Middle Market Continue To Boom Compared To Strong, Pre-Covid Q4 2019 Results
January 13, 2022Middle market private companies in the Golub Capital Altman Index experienced EBITDA growth of 22% and revenue growth of 21% in October and November 2021 compared to their October and November 2019 earnings and revenue. The data in this report reflects the median performance of approximately 100 companies that were in the Golub Capital Altman Index in both periods. The comparison over a two-year period is intended to provide greater insight than the report's typical year-over-year analysis, given the impact of COVID-related lockdowns throughout much of 2020.
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Fintech Company Quartix Raises $20M Funding to Democratize Supply Chain Finance and Unlock Efficient Capital to Middle-market Industrial Companies
January 13, 2022Fintech company Quartix, who provides a SaaS platform that unlocks digital Supply Chain Finance solutions to mid-size industrial companies, announced today it has successfully secured a $20M funding facility from two Fintech credit funds with a potential to increase the credit facility.
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Obsidian Energy Announces Updates to Our Syndicated Credit Facility and Senior Notes
January 13, 2022OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that we have completed the one-time adjustment of our syndicated credit facility effective December 31, 2021. Our aggregate commitment amount is now $366.8 million adjusted from the previous amount of $415.0 million.
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Crown Partners Advises Arsenal Funding
January 13, 2022Crown Partners LP, a debt advisory firm specializing in senior financings for US companies, announced the completion of a successful recapitalization of Arsenal Funding, a merchant cash advance provider. Headquartered in New York City, Arsenal has provided merchant funding to thousands of small businesses and corporate organizations since 2014.
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Vanessa Guajardo Promoted to Chief Marketing Officer at US Capital Global
January 13, 2022US Capital Global is pleased to announce the promotion of Vanessa Guajardo to Chief Marketing Officer (CMO). Ms. Guajardo is responsible for leading all national and international marketing and PR activities, investor events, and investor relations of the group. As a member of the group’s Executive Team, she oversees a global marketing team in fifteen locations, with primary offices in San Francisco, Las Vegas, London, and Milan.
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AssetMark Announces Five-Year Credit Facility Extension and Upsize to $500 Million
January 13, 2022AssetMark Financial Holdings, Inc. (NYSE: AMK) announced today that it has entered into an Amended and Restated Credit Agreement with ten banks, led by Bank of Montreal as Administrative Agent and Sustainability Coordinator. The agreement provides for a $500 million Senior Secured Credit Facility, comprised of a $375 million revolving facility and a $125 million term loan.
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Alvarez & Marsal Grows Insurance and Risk Advisory Services with the Addition of Tamseel Butt
January 13, 2022Leading global professional services firm Alvarez & Marsal (A&M) Private Equity Performance Improvement has appointed Tamseel Butt a Managing Director within the Insurance and Risk Advisory Services practice. Mr. Butt’s hire reflects A&M’s ongoing commitment to helping companies and investors address current and future financial performance and operating risk concerns in a rapidly changing insurance marketplace.
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Angelo Gordon’s Twin Brook Capital Partners Commits Record $3.5 Billion to Private Equity-Backed Healthcare Transactions in 2021
January 13, 2022Twin Brook Capital Partners (“Twin Brook” or the “Firm”), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed $3.5 billion to private equity sponsors in support of healthcare transactions last year, completing 60 healthcare transactions across 33 subsectors.
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Bridge Bank Provides $10 Million Asset-Based Loan Facility to Zuum Transportation
January 13, 2022Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Spherix Global Insights (“Spherix” or “The Company”) by private equity sponsor Susquehanna Private Capital. Additionally, Monroe provided equity capital to support the transaction and future growth of the Company.
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Monroe Capital Supports Susquehanna Private Capital’s Acquisition of Spherix Global Insights
January 13, 2022Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Spherix Global Insights (“Spherix” or “The Company”) by private equity sponsor Susquehanna Private Capital. Additionally, Monroe provided equity capital to support the transaction and future growth of the Company.
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H.I.G. Capital Makes Several Senior Promotions
January 13, 2022.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce several senior level promotions. The executive leadership team has been expanded with the promotions of Stuart Aronson and Jordan Peer Griffin to Executive Managing Director:
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Hilco Merchant Resources Announces Executive Leadership Changes to Wholesale Solutions Practice
January 13, 2022Hilco Merchant Resources is pleased to announce that interim CEO Raymundo Armendariz has been permanently appointed as Chief Executive Officer and Katie Feodoroff has been promoted to Senior Vice President and General Merchandise Manager of Hilco Wholesale Solutions (HWS) effective immediately.
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Fortis Announces Launch of Equipment Financing as its Latest Commercial Banking Product
January 13, 2022Furthering its commitment to providing the best banking solutions for their clients, Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, announced the launch of its Equipment Financing product offering.
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Bowery Farming Secures $150 Million Credit Facility Led by KKR to Accelerate Growth
January 13, 2022Bowery Farming ("Bowery" or "the Company"), the largest vertical farming company in the United States, today announced it has secured a $150 million credit facility led by private credit accounts managed by KKR, a leading global investment firm.
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FundThrough Acquires BlueVine’s Invoice Factoring Business
January 13, 2022FundThrough, a financial technology platform that solves cash flow challenges for growing businesses through fast invoice payments, today announced that it has acquired the invoice factoring business of financial technology company BlueVine.
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SC&H Capital Announces Leadership Transition
January 12, 2022SC&H Capital, the investment banking and valuation advisory practice of SC&H Group, announced today that Founder and Managing Director Christopher Helmrath transitioned the leadership of the SC&H Capital practice to longtime partners Greg Hogan and Matt Roberson effective January 1, 2022. This leadership change follows the practice’s most successful year in its history having advised on 27 transactions in 2021.
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Briar Capital Real Estate Fund Closes new $12.023MM Real Estate Loan Facility to a Company that Provides Oil Country Tubular Goods (OCTG) Services
January 12, 2022Briar Capital Real Estate Fund ("Briar") (www.BriarCapital.com) is pleased to announce it closed a new $12.023MM real estate loan facility to a company that provides Oil Country Tubular Goods (“OCTG”) services to support businesses in the oil and gas industry.
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Winston & Strawn Represents Culper Capital Partners
January 12, 2022Winston & Strawn represented Culper Capital Partners, a private investment firm that invests both debt and equity in middle market companies, in the formation of its first control platform, The Producto Group ("Producto" or the "Company"), which is the result of the acquisition of Ring Precision Components ("Ring Precision"), New Vision Industries ("New Vision") & Dieco Ring Precision and Dieco were sold as part of a corporate carve out from The PMT Group.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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