- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
- Westwood Financial Expands Corporate Credit Facility By $145 Million To $470 Million Total
- Jones Day Names 33 new Partners
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
TSL Express Daily Articles & News
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Loeb Continues to Strengthen and Grow Its Machinery and Equipment Lifecycle Business With 3 New Hires
Loeb, an industry leader in the lifecycle management of industrial manufacturing equipment and machinery, continues to fortify its team to better assist its clients, customers, and referral partners with the hiring of Scot Lund (Senior Vice President), Chad Doucette (Asset Evaluator), and Barry Orlov (Loan Specialist).
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TSL Express Daily Headlines & News
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RE Royalties Provides $3 Million Financing Facility to FuseForward for Smart Infrastructure Solutions
December 15, 2021RE Royalties Ltd. (TSXV:RE) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, has entered into an agreement to provide financing to FuseForward Solutions Group Ltd. ("FuseForward"), a Vancouver based technology company that provides smart infrastructure and digital transformation solutions to utilities, real estate, health care and government industries.
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Great Rock Capital Closes $27.9MM Senior Secured Term Facility with GT Technologies
December 15, 2021Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $27.9 million senior secured term loan facility with GT Technologies (“GTT”), a manufacturer of custom-engineered valvetrain components and assemblies for the global automotive, heavy-duty truck, and off-road vehicle industries.
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Resolute Completes Amendment and Extension of Its ABL Credit Facility
December 15, 2021Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves. The facility also includes an Environmental, Social and Governance ("ESG") module with targets to be agreed upon with the bank syndicate, which upon activation will impact ABL pricing.
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SFNet Submits Comment Letter to CFPB Pertaining to Section 1071 of Dodd Frank
December 15, 2021
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Access Capital Provides $1 Million Credit Facility to Provider of Life Sciences & Engineering Talent
December 15, 2021Access Capital is pleased to announce that a new borrower has recently joined the Access Capital portfolio. The client is a provider of life science and engineering talent located in New York City. The company is a US start-up recently formed by its parent, Tempting Ventures Limited, a staffing sector focused investment firm based in the UK and led by Ryan Cleland-Bogle.
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Evolus Enters Into $125 Million Credit Facility with Pharmakon Advisors
December 15, 2021Evolus, Inc. (NASDAQ: EOLS), a performance beauty company with a customer-centric approach focused on delivering breakthrough products, today announced that it has entered into a $125 million term loan financing facility with funds managed by Pharmakon Advisors, L.P.
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Winston & Strawn Represents LAACO, Ltd.
December 15, 2021Winston & Strawn represented LAACO, Ltd. (LAACO), the owner of the Storage West brand of 59 self-storage facilities, in its sale to CubeSmart (NYSE: CUBE) for approximately $1.69 billion, which includes approximately $40.9 million of LAACO debt that will be repaid at, or shortly after, the closing. Storage West is the owner and operator of 59 self-storage assets in the highly desired western markets of Southern California (22), Phoenix (17), Las Vegas (13), and Houston (7).
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White Oak Commercial Finance Provides $15 Million Factoring Facility to Automotive Aftermarket Parts Supplier
December 15, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $15 million factoring facility to a supplier of parts for the automotive aftermarket. The transaction was structured against the company’s accounts receivable, and the proceeds will be used to support its rapid growth and working capital.
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CREtelligent Secures $10 Million Credit Facility From Espresso Capital
December 15, 2021Espresso Capital announced today that it has provided CREtelligent, a one-stop commercial real estate (CRE) due diligence platform, with a $10 million credit facility. The company will use the capital to extend its runway and make strategic investments in its ongoing growth.
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CIT Provides $6.3 Million Financing to Diamond Communications LLC
December 15, 2021CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business provided $6.3 million to refinance corporate office properties for Diamond Communications LLC.
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Public Finance Attorney Shaney B. Lokken Joins Hunton Andrews Kurth in Continued Expansion of Firm’s Atlanta Presence
December 15, 2021Shaney B. Lokken, a public finance attorney with two decades of experience representing issuers, borrowers, underwriters and purchasers in a wide range of transactions, has joined Hunton Andrews Kurth LLP as a counsel in Atlanta.
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Glass House Brands Secures US$100 Million Senior Secured Term Loan
December 15, 2021Glass House Brands Inc., one of the fastest-growing, vertically-integrated cannabis companies in the U.S., today announced that it has entered into a senior secured term loan agreement with a U.S.-based private credit investment fund for up to US$100 million with an initial draw of US$50 million.
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J.P. Morgan Global Alternatives Builds Out Private Credit Team, Doubles Commercial Mortgage Loan Assets
December 15, 2021J.P. Morgan Global Alternatives today announced the appointment of Raphael Gonzalez as a Managing Director and Senior Investment Specialist across commercial mortgage loans, infrastructure debt and direct lending.
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Umpqua Bank 2022 Outlook Report: Strong M&A Activity to Continue as Businesses Capture Innovation, Bolster Pricing Power
December 15, 2021Umpqua Bank today released its 2022 economic outlook report for small and middle market companies, "Headwinds & Opportunities: Economic Trends & Predictions for Businesses in 2022." The bank tapped prominent West Coast economists and Umpqua Bank thought leaders to examine key issues that will shape the 2022 economic landscape, their impact on decision-making, and what businesses can do to meet both challenges and opportunities with confidence.
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Magnolia Financial Hires Larry Artman as Senior Vice President and Expands Into Atlanta with a Regional Sales Office
December 14, 2021Magnolia Financial has announced the opening of a regional sales office in Atlanta, GA to expand its presence in the southeast. The Spartanburg-based company also announced that industry veteran Larry Artman has returned to Magnolia to head its new office. With over 30 years’ experience in Commercial Finance, Artman will serve as Senior Vice President and lead Magnolia’s Originations and Business Development efforts throughout Georgia, Alabama, and Tennessee.
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eCapital Provides $15MM Asset Based Lending Credit Facility to Dallas-Based Frozen Foods Manufacturer
December 14, 2021eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division today announced the issuance of a $15,000,000 asset based lending credit facility to a Dallas-based frozen foods manufacturer.
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Gateway Trade Funding Partners with a Factoring Company to Provide a $750,000 Purchase Order Facility to a Consumer Goods Company
December 14, 2021A relatively new consumer goods company focusing on personal mobility products was working with a factoring company. They received a large order from a big-box retailer with challenging terms. Due to recent supply chain delays, the customer refused to issue a firm purchase order until the goods arrived in the US. Their factoring company recommended working with Gateway Trade Funding to find a way to accept the order.
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Fifth Third Business Capital Provides $9.8 Million Senior Credit Facility to Promise to Perform Industries
December 14, 2021Fifth Third Business Capital announced it provided $9.8 million senior credit facility to Promise to Perform Industries, Inc. to support management buyout in October 2021.
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Mitsubishi HC Capital America Welcomes John Nocita as Underwriter for Syndicated Credit and ABL
December 14, 2021Mitsubishi HC Capital America, a leading specialty finance company, is pleased to announce that John Nocita has joined the company as Underwriter for Syndicated Credit and ABL transactions.
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Concord Serves as Exclusive Financial Advisor and Arranges $8MM in Senior Debt for Henry F. Teichmann, Inc.
December 14, 2021Concord Financial Services announced it served as an exclusive financial advisor an arranged $8 million in senior debt within 45 days for Henry F. Teichmann, Inc., based in Canonsburg, PA. The financing arranged was an $8 million senior secured revolving line of credit to refinance existing debt and provide additional working capital.
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