- Amerisource Business Capital Closes NAV Revolving Credit Facility for Texas-Based Independent Sponsor
- GA Group Acquires Litigation Support Practice from The Kaseno CPA Firm, Expanding Family Law Litigation Support Platform
- SFNet Market Pulse
- B. Riley Securities Acts as Co-Lead Underwriter for Ucore Rare Metals’ C$69M Public Offering
- SouthStar Capital Closes Accounts Receivable Financing Facility for Aerospace & Defense Government Contractor
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Keybank And Beach Point Capital Management Launch $1.5 Billion Middle Market Direct Lending Program
KeyBank and Beach Point Capital Management ("Beach Point"), a credit focused investment manager, announced that they have established a new joint venture middle market direct lending program with $1.5 billion in lending capacity for U.S. middle market clients.
TSL Express Trending Story
Featured
LIBOR (or the London Inter-bank Offered Rate), the most widely utilized reference rate for financial transactions in the world, will cease to be quoted at the end of 2021. A mind-boggling $200 trillion in LIBOR-based financing contracts were outstanding in 2018. Although the impending demise of LIBOR has been predicted for many years following the well-documented LIBOR price-fixing scandal that shook the banking industry, the reality of LIBOR’s demise has gone from a distant theoretical concept to a present and pressing issue for those in all areas of the finance industry.
TSL Express Daily Headlines & News
-
Helix Energy Solutions Announces Completion of Acquisition of Alliance and Amendment to its ABL Facility
July 7, 2022Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today its successful completion of the previously announced acquisition of all of the equity interests of the Alliance group of companies (collectively “Alliance”), expanding its decommissioning presence in the Gulf of Mexico shelf and advancing Helix’s environmental, social and governance (“ESG”) initiatives by responsibly supporting end-of-life requirements of oil and gas projects. Bank of America, N.A. serves as Administrative Agent for the ABL facility.
-
Leading Restructuring Partner Steve Hessler Joins Sidley as Global Practice Leader
July 7, 2022idley Austin LLP is pleased to welcome Stephen E. Hessler as the global practice leader of the Restructuring group. He will be based in the New York office and joins after almost two decades at Kirkland & Ellis LLP, where he led some of the most significant chapter 11 cases in history — including, most recently, Frontier Communications and Windstream Holdings.
-
FTI Consulting Strengthens Corporate Finance & Restructuring Segment with Appointment of Senior Managing Director Martin Wong
July 7, 2022FTI Consulting, Inc. (NYSE: FCN) today announced its continued investment in its Corporate Finance & Restructuring segment in Asia with the appointment of Martin Wong as a Senior Managing Director. Based in Singapore, Mr. Wong brings over 24 years of experience in rehabilitative corporate restructuring and insolvency administration involving judicial management appointments, schemes of arrangement, receiverships, and voluntary and court liquidation.
-
Pivotal Capital Secures $55 Million in Funding Facilities
July 7, 2022Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), a fintech lender servicing the alternative auto finance market, announced today that its wholly owned subsidiary, Pivotal Capital Corp. (“Pivotal”) has secured an additional Funding Facility (the “Facility”) with Mitsubishi HC Capital Canada, Inc. (“MHCCA”).
-
Commercial Chapter 11 Filings Increase 29 Percent in June from Last Year, Total Filings Decrease Slightly
July 7, 2022The 447 commercial chapter 11 filings in June represented a 29 percent increase from the 347 filings in June 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings decreased 7 percent in June 2022, as the 1,864 filings were down from the 1,999 commercial filings registered in June 2021.
-
RefleXion Announces Closing of $125M Debt Facility for Expanding Cancer Treatment
July 7, 2022RefleXion Medical, a therapeutic oncology company pioneering the use of biology-guided radiotherapy (BgRT)* for all stages of cancer, today announced the closing of a $125M debt facility, of which $55M is available immediately to repay the company’s existing $50M of debt.
-
Bank of America Names Brian King President of Maine
July 7, 2022Bank of America has named Brian King president of Bank of America Maine. King succeeds Bill Williamson, who held the position for 10 years and has announced his decision to retire next year after more than 40 years with the company. As president, King will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies across Maine.
-
Customized Business Support: Regions Bank Announces Commercial Corporate Finance Team
July 7, 2022Regions Bank on Wednesday formally announced the establishment and continued business growth of a Commercial Corporate Finance (CCF) team that is connecting business leaders with specialized resources, insights, and guidance on opportunities including ownership transitions, financing alternatives, and risk management. The team is led by Coulter Warlick, who joined Regions in 2021 to develop and launch this team.
-
Gordon Brothers Acquires Unused Accommodation Barge Robyn S from Vanguard Shipping Limited for Immediate Sale
July 7, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the Robyn S accommodation barge from Vanguard Shipping Limited. The firm is managing the disposition of Robyn S, which is available for immediate sale to the international marine, shipping and offshore markets.
-
Wintrust Receivables Finance Announces the closing of a new $4,500,000 Line of Credit for a Fast-growing Managed Transportation Company
July 7, 2022Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,500,000 account receivable line of credit for a fast growing Managed Transportation Company. The east coast based firm specializes in managing the in-bound and out-bound freight for a number of middle market manufactures, and distributers around the country.
-
Columbia Bank Expands Business Lending Division Into Utah With Key Leadership Hires
July 6, 2022Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) ("Columbia"), today announced the expansion of its Business Lending Division into Utah with the hires of veteran Salt Lake City-area bankers Jeffrey Thomas and James Divver.
-
Swift Lending Expands With A $30mm Senior Credit Facility Provided By Encina Lender Finance
July 6, 2022Swift Lending (“Swift”), a national private commercial real estate lender,today announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance. Swift provides bridge loans to qualified real estate investors active in the residential real estate marketplace.
-
Cambridge Savings Bank Supports the Construction of Lovell Arena with $20 Million Participation Loan
July 6, 2022Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Corporate Banking team led the financing for the ground-up construction of Lovell Arena with a $20 million participation loan as part of the $30 million project.
-
NAC Closes $7.88 Million USDA Business & Industry Loan to RCA Trade Center in Oahu, Hawaii
July 6, 2022On the north shore of Oahu, Hawaii, RCA Trade Center provides essential infrastructure to agricultural players in Hawaii. Its industrial storage and warehouse buildings give growers and distributors of local and imported goods the space they need to feed the residents and tourists on the island of Oahu.
-
Huntington Business Credit Closes $63,200,000 in New Credit Facilities with Ardisam, Inc.
July 5, 2022Huntington Business Credit announced it closed $63,200,000 in new credit facilities with Ardisam, Inc. on June 22, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
-
Archaea Announces Completion of Amendment and Upsize of Term Loan and Revolving Credit Facility
July 5, 2022Archaea Energy Inc. (“Archaea,” “the Company,” or “we”) (NYSE: LFG), an industry-leading renewable natural gas (“RNG”) company, today announced that it1 has successfully closed the previously announced amendment to its Revolving Credit and Term Loan Agreement. Aggregate commitments now total $1.1 billion, an increase of approximately $630 million from the original facilities, including a $400 million senior secured term loan credit facility and a $700 million senior secured revolving credit facility (together, the “Amended Facilities”).
-
Blank Rome Welcomes Commercial Litigation Partner in Houston
July 5, 2022Blank Rome LLP is pleased to announce that Gregory J. Moore has joined the firm’s Commercial Litigation practice group as a partner in the Houston office. A well-known trial lawyer with a diversified practice, Greg handles commercial litigation matters that include class actions, breach of contract claims, and disputes related to economic damage, personal injury, and professional services. Prior to joining Blank Rome, Greg was a partner at Norton Rose Fulbright LLP.
-
Rosenthal Names Anthony Vassallo Senior Business Development Officer
July 5, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending (ABL), purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Anthony Vassallo has joined Rosenthal as a Senior Business Development Officer in the firm’s New York office.
-
SB360 Capital Partners Promotes Aaron Miller to President and Siegfried Schaffer to Chief Operating Officer
July 5, 2022SB360 Capital Partners, LLC, one of North America’s leading asset realization and merchant banking firms, has announced leadership changes to empower its continued rapid growth and deliver strategic results for its clients. Aaron S. Miller has been named the firm’s new President, and Siegfried “Ziggy” Schaffer has been appointed Chief Operating Officer.
-
UK Trader of Sustainable Fashion Apparel Receives USD 1.2 Million in Funding From Tradewind Finance
July 5, 2022A UK-based trading company specializing in medical scrubs and everyday activewear has received credit facilities for USD 1.2 million from Tradewind Finance. The facility will provide the company with the ability to improve its cash flow and add to its growth plans.
The Secured Lender
SFNet's 40 Under 40 Awards Issue
© 2026 Secured Finance Network
