- Citizens Advises Jason Mitchell Group on its Sale to Keller Williams
- Hogan Lovells Cadwalader Continues Boston Office Expansion with Additional M&A Partner
- Stratton Capital Group Closes $32.75 Million Senior Bridge Loan for 152-Key Branded Hotel
- Evolve Royalties Secures Revolving Credit Facility for Up to US$75 Million
- Lycos Energy Inc. Announces Strategic Acquisition of Sparky Waterflood Assets, $30.0 Million Equity Financing, Expanded Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Second Avenue Capital Partners Closes On A Senior Secured Credit Facility For myGemma
Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced it has closed on a $10,000,000 senior secured credit facility (which includes an accordion feature) for myGemma, a modern and professional alternative for consumers wanting to buy or sell high-end luxury goods. The credit facility will be used to support increased working capital and additional inventory purchases as the business continues to rapidly grow.
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Interview with BMO’s Michael Ganann and Mike Scolaro
In May, BMO Harris Bank announced that it had hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
TSL Express Daily Headlines & News
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Norton Rose Fulbright Expands in Los Angeles and Washington, DC with Environmental and Government Affairs Partner
May 17, 2022Global law firm Norton Rose Fulbright today announced that environmental regulation and government affairs lawyer Scott Burton has joined the firm as a partner in its Los Angeles and Washington, DC offices.
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SLR Equipment Finance Adds to its Underwriting Team with Scott Brandt Hire
May 17, 2022Scott Brandt joined SLR Equipment Finance as senior vice president - Risk. In his new role, Scott will utilize his prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s evolving financial solutions platform.
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SG Credit Provides $3.0 Million SaaS Growth Capital Facility to Rallio
May 17, 2022SG Credit announced it provided $3 million Saas growth capital facility for Rallio. Rallio is a social media management SaaS platform that provides brand control and reputation management solutions to franchise businesses.
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InterNex Provides $4.5 Million Credit Facility to Pharmaceutical Company
May 17, 2022InterNex Capital announced the funding of a $4.5 million credit facility for a Southeast US based pharmaceutical manufacturer and distributor. The company sought working capital to expand product development and increase operational liquidity.
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CNH Finance Announces Over $40 Million in New Commitments Throughout Q1 2022
May 17, 2022CNH Finance is pleased to announce over $40 million in new commitments throughout Q1 2022, continuing its trend of solid portfolio growth. Recent financings include revolving line of credit facilities secured by AR and a term loan. Recent transactions support several skilled nursing facilities and other healthcare providers.
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SNC-Lavalin Extends its Corporate Credit Facilities and Incorporates a Sustainability-linked Framework that Further Advances its ESG Strategy
May 16, 2022Bank of Montreal, HSBC Bank Canada, Royal Bank of Canada, BNP Paribas, Canadian Imperial Bank of Commerce, National Bank Financial Markets, The Bank of Nova Scotia and TD Securities acted as Joint Bookrunners and Co-Lead Arrangers on the Revolving Credit Facility. National Bank Financial Markets, Bank of Montreal and The Bank of Nova Scotia acted as Joint Bookrunners and Co-Lead Arrangers on the Term Facility.
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Winston and Strawn Advises Brandshare
May 16, 2022Winston and Strawn advised Brandshare, a leading provider of omnichannel brand experiences through product sampling and digital engagement, in its sale to Advantage Solutions from private equity investors Aperion Management, Leeds Novamark Capital, and Ocean Avenue Capital Partners.
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SLR Equipment Finance, Formerly Known as Nations Equipment Finance, Expands its business Development Capabilities and Announces That Phil Priolo has Joined the Company
May 16, 2022SLR Equipment Finance is pleased to announce Phil Priolo has joined as a senior president of Business Development. In his role, Phil will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers along the east coast of the U.S. Phil began his career with Prime Financial Group Inc. He most recently was with DLL Finance.
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Alexander Litt Appointed Co-Chair Of The Membership Committee Of The Commercial & Federal Litigation Section Of The New York State Bar Association
May 16, 2022Moritt Hock & Hamroff LLP has announced that Alexander Litt, an associate of the firm, has been recently appointed to serve as Co-Chair of the Membership Committee of the Commercial & Federal Litigation Section of the New York State Bar Association (COMFED).
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J D Factors Announces Factoring Facilities
May 16, 2022J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in Ontario; $350,000 to a transportation company in California; $500,000 to a transportation company in Wisconsin; $100,000 to a transportation company in British Columbia; $350,000 to a transportation company in Alberta.
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RealManage Announces the Successful Closing of up to $100M Debt Capital
May 16, 2022RealManage is pleased to announce the successful closing of up to $100 million of debt capital. On February 16, 2022, Prosperity Bank led and served as the administrative agent of the credit facility, which includes a syndicate of institutional lenders.
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GoldenTree Announces Closing of $599 Million CLO Under GLM Strategy
May 16, 2022GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers "GoldenTree"), announced the closing of a $599 million collateralized loan obligation ("CLO") to be managed by GLM II.
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Smart for Life Executes Letter of Intent with Diamond Creek Capital for $4 Million Senior Credit Facility
May 16, 2022mart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leading developer, marketer, and manufacturer of nutritional and related products, announced today that it has executed a non-binding letter of intent with Diamond Creek Capital, LLC for the provision of a senior secured credit facility up to $4,000,000 principally to assist in its acquisition of 100% of the membership interests in Ceautamed Worldwide, LLC.
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Sol Gindi Named Head of Wells Fargo Advisors, Jim Hays to Retire
May 16, 2022Wells Fargo & Company today announced that Sol Gindi is the new head of Wells Fargo Advisors (WFA) and head of the Wealth & Investment Management (WIM) Client Relationship Group, reporting to Barry Sommers, head of WIM. In this role, Gindi will lead the Wells Fargo brokerage and wealth management channels, the independent business, and First Clearing. Every advisor leading a client relationship reports up to him.
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Pareteum to Use Voluntary Chapter 11 Process to Facilitate Efficient Sale Process and Position Business for Long-Term Success; Company to Maintain Operations as Usual
May 16, 2022Pareteum Corporation (OTC: TEUM) and certain affiliates (collectively, "Pareteum" or the "Company"), a global cloud Communications-Platform-as-a-Service (CPaaS) company, today announced that the Company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").
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Liquidibee Secures up to 50mm Credit Facility
May 16, 2022Liquidibee, one of the fastest growing U.S. specialty finance companies serving small- and medium-sized businesses "SMBs", announces the close of a multi-draw funding credit facility. The credit line will provide Liquidibee a same-day capital provider with borrowing capacity up to $50 million to expand on its current business operations and further strengthen Liquidibee's ability to provide immediate funding for SMBs throughout the US.
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Amerisource Closes $1,000,000 Credit Facility for Technology Firm
May 16, 2022Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Maryland based data solutions firm. The proceeds were used to provide working capital for the company’s rapid growth.
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ARI Global & EX-IM Bank Combine in Support of Florida Exporter’s Rapid Growth
May 16, 2022A supplier of motor controls within the state of Florida partnered with ARI Global and the Export-Import Bank of the United States (EXIM Bank) to support the expansion efforts of their international sales. Through the creation of a program to insure the entire portfolio of Foreign Accounts Receivable, via single debtor limits and a discretionary credit limit, a local bank was willing to provide a credit-backed working capital line of the insured receivables.
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BHI Appoints Noam Katz as Head of High-Tech, First Vice President
May 16, 2022BHI, a full-service commercial bank, announced that it has appointed Noam Katz as Head of High-Tech, First Vice President. With a banking career that spans 15 years, Katz will oversee a team of relationship managers, as well as develop and manage BHI’s customer portfolio in the technology industry.
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SK Capital Announces Richard Jackson as Managing Director
May 16, 2022SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, specialty chemicals and pharmaceuticals sectors, today announced the hiring of Richard Jackson as Managing Director, Head of Capital Markets.
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