- Evolve Royalties Secures Revolving Credit Facility for Up to US$75 Million
- Plostock Joins CohnReznick Government and Public Sector Advisory Team
- Hilton Grand Vacations Refinances Term Loan B
- Holland & Knight Continues Strategic Growth in Boston with Addition of Finance Partner Fred David
- Lender Group Led by Citigroup Plans Debt Deal for Veritas’ BGIS Buy
TSL Express Daily Articles & News
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First Citizens Adds Linda Stanley to its Middle Market Banking Business
First Citizens Bank today announced that it has hired experienced banker Linda Stanley as a relationship manager in its Middle Market Banking business.
In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect relationships in the middle market financing sector, where the bank is a leader.
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The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients
The UK Government announced 11th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.
TSL Express Daily Headlines & News
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Generate Capital Names Brian Lehman Chief Financial Officer, Announces Retirement of Jack Stark
May 9, 2022Generate Capital, PBC, a leading sustainable infrastructure investment platform and operating company, today announced that it has named Brian Lehman as Chief Financial Officer. He succeeds Jack Stark who is retiring from the CFO role and will be staying on with the company as Executive Vice President to support the transition and other strategic initiatives.
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Regions Bank Names Dan Massey as Chief Enterprise Operations and Technology Officer
May 9, 2022Regions Bank on Wednesday announced Dan Massey will join the company as Chief Enterprise Operations and Technology Officer effective May 9. Directly reporting to John Turner, President and CEO of Regions Financial Corp., Massey will lead teams that oversee several critical functions of the company including enterprise operations, application development, information technology, information security, data and analytics, and corporate computing.
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National Bank of Coxsackie Launches New Small Business Lending Platform
May 9, 2022On March 18, 2022, the National Bank of Coxsackie launched its new Small Business lending platform, NBC Express. Now, small businesses can apply for installment loans via this platform and the entire process, from application to funding, is completed in a digital manner.
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Armstrong Flooring Files Voluntary Chapter 11 Petitions; Continuing to Pursue Sale of Business Through Chapter 11 Process
May 9, 2022Armstrong Flooring, Inc. (NYSE: AFI), a leader in the design and manufacture of innovative flooring solutions (“Armstrong Flooring” or “the Company”), today announced that the Company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
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Crayhill Capital Management Names Daniel Shlomi as General Counsel
May 9, 2022Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments, today announced the appointment of Daniel Shlomi as General Counsel.
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Jason Kugler Joins SLR Business Credit
May 9, 2022Jason Kugler has joined SLR Business Credit (SLRBC) as vice president of business development. Jason has over 20 years of commercial finance experience focusing on business development. Before joining SLRBC, he held positions at various bank and non-bank lending institutions.
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Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in April
May 9, 2022Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in April. The first, is a $1,000,000 limit to a privately owned bottler and distributor of specialty wines. They were referred to Tradecycle by their senior lender, who can eliminate PACA claims in their borrowing base through Tradecycle’s program.
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Northleaf Leads A$250 Million Senior Secured Credit Facility for Omni Bridgeway
May 6, 2022Northleaf Capital Partners (Northleaf) today announced that it acted as the lead arranger of a A$250 million senior secured credit facility for Omni Bridgeway (ASX: OBL), a global leader in financing and managing legal risks, with expertise in civil and common law legal and recovery systems.
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Wells Fargo Announces Markets Leadership Team in the Corporate & Investment Bank
May 6, 2022Wells Fargo & Company (NYSE: WFC) today announced the formation of six distinct businesses within the Corporate & Investment Bank’s (CIB) Markets group. The leaders of each business line report directly to Mike Riley and Dan Thomas, co-heads of Markets.
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Origis Energy Secures $375 Million Credit Facility, led by CIT
May 6, 2022Origis Energy closed a $375 million credit facility for its solar and energy storage development project pipeline this week. This facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund Origis’ clean energy assets.
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Tradewind Finance Provides $5 Million Receivables Financing for Mauritanian Clothing Company
May 6, 2022Tradewind Finance recently provided receivables financing of 5 million US dollars to a garment manufacturer from Mauritius. A diversified company with 1,200 employees, it specializes in manufacturing and finishing denim products for distribution to leading retailers worldwide, including Australia and Europe.
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William Blair Expands Financial Sponsor Offering With Private Capital Advisory
May 6, 2022William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the launch of its Private Capital Advisory practice. The practice expands William Blair’s robust financial sponsor advisory platform to provide financial sponsor clients with highly relevant and differentiated strategic advice and offer them fund placement, direct equity capital-raising (directs and co-invests), and secondary solutions on a global basis.
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Gridiron Capital-Backed GSM Outdoors Acquires Bill Lewis Outdoors
May 6, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company, Good Sportsman Marketing Outdoors (“GSM” or the “Company”), an outdoor enthusiast platform with industry leading hunting, fishing, sport shooting, and outdoor accessories, has acquired Bill Lewis Outdoors (“Bill Lewis”).
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StepStone Closes Second Senior Corporate Lending Fund With $1.3 Billion of Capital Commitments
May 6, 2022StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced the final closing of StepStone Senior Corporate Lending II (“SCL II” or “the Fund”), raising $1.3 billion of commitments, surpassing its target of $1 billion.
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Rosenthal Provides $3.6 Million Purchase Order Financing Facility to New Jersey-Based Organic Foods Company
May 4, 2022Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $3.6 million purchase order financing facility to support a major producer of organic dried fruit and keto snacks that was experiencing rapid growth.
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SLR Healthcare ABL Provides $2 Million to Skilled Nursing Operator
May 4, 2022SLR Healthcare ABL is pleased to announce it has provided $2 million asset-based revolving line of credit a skilled nursing operator.
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First Citizens Middle Market Banking Provides Up to $50 Million for Morningstar Properties Affiliate
May 4, 2022First Citizens Bank today announced that its Middle Market Banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, a leading investor in and operator of self-storage facilities
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BizCap® Secures $25 Million Revolving Line of Credit for Auto Finance Solutions
May 4, 2022BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $25 million in financing for Auto Finance Solutions (AFS), a leading financing source for independent used car dealerships to purchase wholesale inventory throughout the United States.
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BHI International C&I Team Provides $20 Million Financing for North Shore Components
May 4, 2022BHI, a full-service commercial bank, announced that its International Consumer & Industrial Team has provided a $20 million revolving loan for North Shore Components, Inc., a global OEM distributor of electronic computer parts, components and hardware based in Bellport, New York.
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Encore Renewable Energy secures $20 million senior loan to advance innovative clean energy solutions
May 4, 2022Encore Renewable Energy, a leading innovator in community-scale clean energy, announced today it has closed on a $20 million senior loan provided by Lacuna Sustainable Investments and Javelin Capital.
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