- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Equify Business Funding Provides $5,000,000 ABL Facility Refinance to Gulf Coast Power Systems Manufacturer
- NGL Closes $950 Million Term Loan, Amends Asset-Based Revolving Credit Facility, To Redeem Approximately 195,000 Class D Preferred Units
- Gateway Trade Funding Announces Two Key Promotions Strengthening Purchase Order Finance Operations
- Eagle Point Provides Strategic Financing to Heritage Energy Storage for Distributed Generation Platform
TSL Express Daily Articles & News
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White Oak Delivers $100 Million Term Loan Financing To Support IT Services Provider Acquisition
White Oak Global Advisors, LLC (“White Oak”), announced it arranged and closed a $100 million term loan to support the acquisition of a large US-based multi-channel IT services provider by a Canadian IT services platform. White Oak’s term loan alongside a $40 million asset-based credit facility provided the platform business with an efficient and holistic funding solution.
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H.I.G. Capital Expands Senior Infrastructure Team with the Addition of Antonio Botija and George Watts
March 31, 2022H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with $48 billion of capital under management, is pleased to announce the expansion of its dedicated Infrastructure team with the addition of Antonio Botija as a Managing Director in H.I.G.’s London office and George Watts as Managing Director in H.I.G.’s New York office.
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Womble Bond Dickinson Adds Capital Markets Duo in Washington
March 31, 2022Experienced financial services and capital markets attorneys Laura E. Hoag and Joseph J. Ricotta have joined the firm’s Washington office as partner and of counsel, respectively. Laura focuses her practice on domestic and international financings, debt restructurings, and commercial business transactions; Joe focuses his practice on transactional law and debt finance.
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D Capital Hires Greg Jacobs as Head of Risk
March 31, 2022D Capital LLC ("D Capital") today announced that Greg Jacobs has joined the firm as Senior Managing Director and Head of Risk. In this role he will expand the firm's footprint in credit and related strategies, leveraging over three decades of experience and expertise.
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White & Case Continues to Expand Its Private Credit Capabilities with the Addition of Jessica Ball and Jessica Shearer as Partners in Boston
March 30, 2022Ball and Shearer advise private credit providers, including senior lenders, business development companies, mezzanine funds, small business investment company funds, insurance companies and sovereign wealth funds, on a wide range of financing structures across a variety of industries.
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iRhythm Technologies Announces Amendment to Term Loan Agreement
March 30, 2022iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital healthcare solutions company focused on the advancement of cardiac care, announced it has amended its existing debt facility with Silicon Valley Bank (the “Amended Credit Facility”). The agreement improves upon the pricing and terms of iRhythm’s existing credit facility (“Existing Credit Facility”).
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Uponor Signs a new Revolving Credit Facility with its Pricing Mechanism Linked to the Company's Sustainability Targets
March 30, 2022Uponor has signed a new EUR 50 million five-year revolving credit facility ("RCF") with two one-year extension options and introduced a sustainability pricing mechanism linking the margin of the RCF to Uponor's science-based targets for climate action:
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BRP Group, Inc. Upsizes Senior Revolving Credit Facility to $600 Million
March 30, 2022As part of the expanded Revolving Facility, Morgan Stanley Senior Funding, Inc., Raymond James Bank, and SouthState Bank, N.A. joined the syndication. The bank group is led by J.P. Morgan Securities LLC as administrative agent, joint lead arranger, and joint bookrunner.
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SLR Equipment Finance Appoints Casey as CEO
March 30, 2022SLR Equipment Finance announced the appointment of Tom Casey as Chief Executive Officer. Casey joins SLR with over 30 years in the finance industry and 25 years of vendor finance focused experience. Casey was most recently with De Lage Landen Financial Services.
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Prestige Capital Supports the Growth of the largest Private Label, baby food manufacturer in the United States with $2,500,000 in Funding
March 30, 2022A California-based private-label organic baby food manufacturing and co-packer needed a working capital line to increase volume in order to add additional product lines to their offering. They previously secured a credit facility based on real estate and machinery from their bank but a prospective AR lender that they were hoping to receive funding from backed out at the 11th hour.
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Stonebriar Commercial Finance Adds Bench Strength with Justin McVeigh and Jennifer Franklin
March 30, 2022Stonebriar Commercial Finance (“Stonebriar”) today announced that Justin McVeigh and Jennifer Franklin have joined the company as Senior Associate and Executive Assistant, respectively, both based in Plano, Texas. Justin will support the originations and credit functions with contributions to sourcing and assessment of new opportunities.
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Joseph Rotondo to Join MidOcean Partners as CLO Senior Portfolio Manager
March 30, 2022MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced today that Joseph Rotondo, Senior Portfolio Manager for Invesco’s Global Senior Loan group, will be joining the firm as Senior Portfolio Manager for MidOcean Credit’s Collateralized Loan Obligation (“CLO”) business.
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Barclays Appoints Graham Warner as Americas Head of International Corporate Banking
March 30, 2022Barclays today announces the appointment of Graham Warner as Americas Head of International Corporate Banking. Graham will report to Phil Bowkley, Head of International Corporate Banking, and will be based in New York.
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WSFS Bank Announces Liam Brickley as Senior Vice President, Chief Credit Officer
March 30, 2022WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced that Liam Brickley has been named Senior Vice President, Chief Credit Officer, reporting to Christine E. Davis, Executive Vice President, Chief Risk Officer (CRO). In his role, Brickley will be responsible for the oversight and administration of the Bank's commercial, consumer and other credit exposures, loan policies and procedures.
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Lassila & Tikanoja Signs a Revolving Credit Facility Tied to Sustainability Targets
March 29, 2022On 25 March 2022, Lassila & Tikanoja plc signed a revolving credit facility of EUR 40 million tied to sustainability targets. The revolving credit facility matures in the first quarter of 2025, and the agreement includes a one-year extension option. The agreement was signed with Danske Bank.
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MetaBank Announces Name Change to Pathward
March 29, 2022MetaBank®, N.A., an industry leading financial empowerment company, today announced it is changing its name to Pathward, N.A. To unite the company under a single identity following a series of strategic acquisitions, MetaBank initiated a brand strategy review last year. The new name, Pathward, is born out of the company’s purpose to power financial inclusion for all and its commitment to providing a path forward to people and businesses so they can reach the next stage of their financial journey.
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Green Plains Completes Revolving Credit Facility with Sustainability-Linked Targets
March 29, 2022ING Capital LLC, PNC, Fifth Third, Bank of America and BMO Harris Bank served as Joint Lead Arrangers and ING Capital LLC served as sole Bookrunner and Sustainability Structuring Agent. The new credit facility is the first financing Green Plains has issued with sustainability-linked targets. This new approach is an important step in Green Plains’ sustainability journey as it ties the financial structure of the company to sustainability initiatives outlined in its 2020 Sustainability Report.
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iCapital® and Golub Capital Partner to Expand Access to Private Credit Strategies for Wealth Managers
March 29, 2022iCapital1, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, has partnered with Golub Capital, a market-leading direct lender, to provide wealth managers on the iCapital platform with access to Golub Capital’s private credit strategies.
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Sixth Street Establishes Structured Products Business
March 29, 2022Sixth Street, a leading global investment firm with over $60 billion in assets under management, today announced the formation of a dedicated structured products business to further enhance its capabilities as a strategic capital partner and solutions provider at scale.
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Citizens Program Enables Corporate Clients to Offer Employees Early Access to Earned Wages
March 29, 2022Citizens today announced a solution that enables corporate clients to give employees on-demand access to their earned pay, along with financial health tools designed to help them feel more financially secure.
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SG Credit Partners Acquires Stonegate Capital to Form Comprehensive Credit Platform
March 29, 2022In November 2021, SG Credit Partners acquired Stonegate Capital and announced its entry into asset-based lending with a focus on high-growth consumer products. The result of our combined companies is the ability to deliver a complete range of tailored credit solutions to the lower middle market.
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