- Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
- SFNet Market Pulse
- Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
- Rostrum Pacific Secures $150 Million in Financing from Crayhill Capital Management to Accelerate Music Catalog Growth Strategy
- Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
OLAPLEX Announces the Closing of New Senior Secured Credit Facilities
Olaplex, Inc. (the “Company”), an indirect wholly owned subsidiary of Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX”), today announced the completion of a successful refinancing of its existing secured credit facility with a new credit agreement comprised of a $675 million senior secured term loan facility (the “Term Loan”) and a $150 million senior secured revolving credit facility (the “Revolving Facility”).
Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, BofA Securities, Inc., Jefferies Finance LLC and Truist Securities, Inc. acted as joint lead arrangers and joint bookrunners for the new credit facilities.
Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, BofA Securities, Inc., Jefferies Finance LLC and Truist Securities, Inc. acted as joint lead arrangers and joint bookrunners for the new credit facilities.
TSL Express Trending Story
TSL Express Daily Headlines & News
-
SLR Business Credit Funds Dana Foods, Inc.
January 12, 2022SLR Business Credit announced it has provided an $8 million asset-based revolving line of credit for Dana Foods, Inc. The funds were used to repay the previous lender and provide ongoing working capital for the company.
-
Chicago Law Firms Robbins, Salomon & Patt and Dimonte & Lizak Merge
January 12, 2022Newly formed Robbins DiMonte, Ltd. combines to become one of Chicagoland’s largest boutique law firms, an all-in-one legal source offering full-service capabilities for individuals, investors, businesses and financial institutions
-
SLR Healthcare ABL Announces Financing for a Skilled Nursing Operator
January 12, 2022SLR Healthcare ABL is pleased to announce it has provided $3 million in financing to a skilled nursing operator. The asset-based revolving line of credit was provided in December 2021.
-
CIT Provides Financing for Medical Transport Helicopters
January 12, 2022CIT, a division of First Citizens Bank, today announced that its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital. The helicopters, used for emergency medical transport services, are on long-term lease to Apollo Medflight, which provides emergency transport services on behalf of regional and community hospitals in six midwestern and southern states.
-
First Business Bank Funds $12 Million Ledgered Line Facility to Transportation Broker
January 12, 2022First Business Bank announces the funding of a $12 million ledgered line accounts receivable finance facility by its Accounts Receivable Financing group. The facility will allow existing management to purchase 100% of the company and will also support increasing working capital needs.
-
Horizon Technology Finance Leads $30 Million Venture Loan Facility to Leading D2C Custom Furniture Business Interior Define
January 12, 2022Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it closed a $30 million venture loan facility to Interior Define, Inc. ("Interior Define"), of which Horizon funded $12.5 million of the initial $20 million draw, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $7.5 million.
-
Car Capital Secures $150M from Fortress Investment Group
January 12, 2022Automotive FinTech company, Car Capital, has closed a $150 million three-year secured credit facility and a $6.125 million equity investment from funds managed by affiliates of Fortress Investment Group. This milestone transaction provides Car Capital with the debt needed to continue to expand their rapidly growing business, fund more dealers, and increase the number of underserved consumers who want to purchase a vehicle.
-
Apollo Debt Solutions BDC Launches with More Than $1 Billion in Assets Under Management
January 12, 2022Apollo Debt Solutions BDC (“ADS” or the “Fund”) today announced that it has launched with more than $1 billion in assets under management. On Friday, January 7, the Fund broke escrow with approximately $657 million in equity net proceeds for its continuous public offering (the “Offering”). In connection with breaking escrow, the Fund issued and sold 26,258,912 shares of beneficial interest in the Offering. The Fund intends to continue selling shares in the Offering on a monthly basis.
-
Barings Supports Peak Rock Capital Affiliate in its Acquisition of Amtech Software
January 12, 2022Barings, one of the world's leading investment management firms, announced that it has served as the lead agent and arranger on a senior secured credit facility to support a Peak Rock Capital affiliate's acquisition of Amtech Software, a leading provider of manufacturing ERP software and technology services for the packaging and other manufacturing industries. Financial terms were not disclosed.
-
B. Riley Expands Forensic & Litigation Consulting Division with Four Senior Professionals
January 12, 2022B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced the expansion of its Forensic Accounting & Litigation Support practice with the addition of Wayne Wilson, Mike De Laval, Paul Brooks and Meredith Alfred to B. Riley Advisory Services. Based in Houston, Texas, these experienced professionals specialize in expert witness testimony related to disputes including international arbitration, as well as forensic and valuation consulting services.
-
FTI Consulting Adds Energy Industry Veteran Cedric Burgher to Transactions Practice in Houston
January 12, 2022FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in its Transactions practice within the Corporate Finance & Restructuring segment with the appointment of Cedric Burgher as a Senior Managing Director, based in Houston.
-
Entrepreneur Growth Capital Provides $750,000 ABL
January 12, 2022Entrepreneur Growth Capital (“EGC” or “Entrepreneur”) is pleased to announce that it has provided a $750,000 asset-based line of credit to a New York-based full-service marketing agency. The client specializes in small business campaigns offering print, web and community marketing strategies.
-
Andrew Guzzo Promoted to Chief Banking Officer at Merchants Bank
January 11, 2022Andrew Guzzo has been promoted to chief banking officer and president of Merchants Bank (Winona), according to Greg Evans, president and CEO. Guzzo will continue to have primary leadership responsibility for Merchants Bank’s Winona and Goodview locations, along with meaningful community engagement for the Winona area. Additionally, Guzzo will now also oversee the strategic direction of the Wealth Management division, Marketing and other key centralized business units.
-
Mizuho to Acquire Capstone Partners
January 11, 2022Mizuho Americas today announced it has signed an agreement to acquire Capstone Partners, a leading independent, middle-market placement agent focused on fundraising and advisory services to private equity, credit, real assets, and infrastructure investment firms. Financial terms of the transaction are not disclosed. The deal is expected to close in the first half of 2022, subject to regulatory approvals.
-
Winston & Strawn Represents FTAC Emerald Acquisition Corp.
January 11, 2022Winston & Strawn represented Goldman Sachs & Co. LLC as the sole book-running manager in connection with FTAC Emerald Acquisition Corp. (NASDAQ: EMLDU) (the “Company”), a blank-check company, formed for the purpose of acquiring or merging with one or more businesses, in its initial public offering of 22,000,000 units at a price of $10.00 per unit for gross proceeds to the Company of $220,000,000.
-
Sallyport Canada Welcomes Food Industry Manufacturer
January 11, 2022Sallyport Canada welcome a flourishing food industry manufacturer to the portfolio with $250,000 in accounts receivable finance. The business is a prime example of the resilience of a small business owner whose belief and ability to pivot in a quick-changing market has resulted in a thriving company.
-
MUFG Expands Investment Grade Sales Team
January 11, 2022Mitsubishi UFJ Financial Group (MUFG) announced today that Jess Sodaski has joined the firm as Managing Director and Head of Investment Grade Credit Sales. Based in New York, Mr. Sodaski reports to John Karabelas, Head of Institutional Investor Sales in the Americas. He will be responsible for leading MUFG's Investment Grade (IG) sales strategy across the U.S., including leading the New York, San Francisco, and Chicago IG sales teams.
-
FocalPoint Advises Duncan Enterprises on its Sale to The Dyson-Kissner-Moran Corp.
January 11, 2022Duncan Enterprises (“Duncan” or the “Company”), a leading arts and crafts company, has been acquired by The Dyson-Kissner-Moran Corporation (“DKM”), a private investment company. FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to Duncan Enterprises. The business, which has been rebranded to “iLoveToCreate”, is located in Fresno, California. iLoveToCreate is the leader in do-it-yourself crafting for tie-dye, fabric paint, adhesives, and spray paint projects
-
Norton Rose Fulbright Promotes 54 Lawyers Globally in its 2022 Partner Class
January 11, 2022Global law firm Norton Rose Fulbright today announced that 54 of its lawyers received promotions to partner in locations around the world and director in South Africa, effective January 1, 2022. The promotions span 11 global practice areas: litigation and disputes (18 lawyers); corporate, M&A and securities (10); banking and finance (9); intellectual property (4); employment and labor (3); tax (3); real estate (2); projects (2); antitrust and competition (1); bankruptcy, financial restructuring and insolvency (1); and information governance, privacy and cybersecurity (1). Twenty-three of the 54 promoted lawyers are women (43%).
-
Sterling Bancorp Announces Strategic Investment in JAM FINTOP Blockchain, LP
January 11, 2022Sterling Bancorp (NYSE: STL) (“Sterling”), today announced an investment in JAM FINTOP Blockchain, LP (the “fund”), a venture fund that will focus its investments on blockchain infrastructure providers that help regulated financial institutions compliantly adopt and operate blockchain enabled applications in their business. The fund is managed by JAM Special Opportunity Ventures, an affiliate of Jacobs Asset Management, LLC (JAM), and FINTOP Capital.
The Secured Lender
SFNet's The 81st Annual Convention Issue
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")