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TSL Express Daily Articles & News
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Crestmark, the Commercial Finance Division of MetaBank®, Announces Organizational Changes
Crestmark, the Commercial Finance Division of MetaBank®, N.A., has announced a series of organizational changes as part of a company-wide initiative to enhance customer experience and improve operational execution.
“Refocusing our organizational structure gives us the ability to serve our customers’ unique financing needs,” said Christopher Soupal, Crestmark division president. “As we continue our quest to provide a best-in-class customer experience, we’ve re-organized the business with the customer at the center, merging business lines to enhance alignment and integration for exceptional customer service and future growth.”
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TSL Express Daily Headlines & News
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InterNex Provides $4 Million Line of Credit for An Electrical Contractor
December 10, 2021The electrical contractor client is a minority, family, and woman-owned electrical contractor focused on commercial, industrial and residential projects and maintenance services. The company has served the Illinois community for almost 100 years.
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WOW! Announces $730 Million Debt Refinancing
December 9, 2021Morgan Stanley Senior Funding, Inc. acted as the lead left arranger and joint Bookrunner together with KeyBanc Capital Markets Inc., BofA Securities, Inc., Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, Regions Capital Markets, A Division Of Regions Bank, Wells Fargo Securities, LLC and Manufacturers And Traders Trust Company.
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Sidley Elects 42 to Partnership and Promotes 20 to Counsel
December 9, 2021Sidley is pleased to announce the names of its 42 newly elected partners and 20 lawyers newly promoted to counsel, listed below by office and area of practice. These individuals will become partners and counsel in the firm effective January 1, 2022. “This class of partners and counsel embody our talent, teamwork, results ethos,” said Mike Schmidtberger, chair of Sidley’s Executive Committee. “They are world-class lawyers from offices across the globe devoted to their clients and their colleagues. We are proud to have them join the partnership or advance to counsel in the new year.”
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365 Data Centers Refinances Existing Debt and Secures Additional Growth Financing
December 9, 2021365 Data Centers, a leading network-centric colocation provider to carrier, content and enterprise customers in strategic edge markets, today announced that it has refinanced all of its existing debt and secured additional financing commitments from TD Securities, ING Capital LLC, CIT Group, Regions Capital Markets, and Boundary Street Capital.
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True Fit Secures $15 Million Credit Facility from Espresso Capital
December 9, 2021Espresso Capital announced today that it has provided True Fit, the global data and software leader retailers choose to decode fit & size, with a $15 million credit facility. The company will use the capital to make further enhancements to its product and scale its distribution.
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Bridge Bank Hires Dave Bhagat as Senior Managing Director, International Banking Group
December 9, 2021Bridge Bank today announced the hiring of Dave Bhagat as senior managing director of the International Banking Group. In his new role, Bhagat will manage the foreign exchange sales and trading team, the trade finance and EXIM team, and correspondent banking and multi-currency accounts; lead the development of new FX and interest rate hedging solutions; and work to increase awareness of the group's sizable capabilities.
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Columbia Pacific Advisors' Business Finance Strategy Provides $30 Million Loan To Esports Technologies, An iGaming Technology Platform
December 9, 2021Columbia Pacific Advisors' business finance strategy, CPBF, a direct lender to non-sponsored and sponsor-backed emerging growth and middle market companies, today announced it has delivered a $30 million senior secured term loan to Esports Technologies, Inc. (Nasdaq: EBET), a Las Vegas based iGaming technology company focused on developing and operating esports gaming platforms.
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Comvest Credit Partners Announces Investment in Avel eCare
December 9, 2021Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility to support the carve-out of Avera eCare from Avera Health by Aquiline Capital Partners, a private investment firm. The new company, called Avel eCare, is a national leader in delivering telemedicine care.
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Kabbage® from American Express Launches Kabbage Funding™ to Help Simplify Funding for U.S. Small Businesses
December 9, 2021Kabbage from American Express today launched Kabbage Funding, offering eligible small businesses flexible lines of credit between $1,000 and $150,000—now with the powerful backing of American Express. With Kabbage Funding, small businesses can apply in minutes to access working capital 24/7 to help manage their company’s cash flow.
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Renald Durand Joins Star Mountain Capital From JPMorgan Chase to Become Director of Finance
December 9, 2021Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager, with over $2 billion in assets under management, focused exclusively on investing in established, private small and medium-sized North American businesses (lower middle-market), is pleased to announce that Renald “Ray” Durand has joined as Director of Finance. Mr. Durand brings a broad skillset across in finance, accounting and fund administration and will become a valued addition to Star Mountain’s finance and operations department led by Chief Financial Officer Chris Gimbert.
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City National Names Brent Williams Executive Vice President
December 9, 2021City National Bank announced today that Brent Williams has been promoted to executive vice president. Williams, who serves as head of the bank’s National Corporate Banking division, will also join City National’s Executive Committee.
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Northpoint Commercial Finance Provides $15 Million Financing to Conecuh Brands
December 9, 2021Northpoint Commercial Finance (“Northpoint”), a North American diversified financial services company, announced that it provided a $15 million senior secured revolving line of credit to Conecuh Brands, LLC (“Conecuh”). The proceeds will be used to refinance existing indebtedness and support Conecuh’s domestic and international growth.
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King Trade Capital Provides $2 Million Purchase Order Finance Facility for a Plastic Cup Supplier
December 9, 2021KTC was contacted by a large US bank who was putting together a supply chain receivable finance facility for a Plastic Cup supplier in support of their growing sales to a Fortune 500 customer.
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Winston & Strawn Represents Seven Oaks Acquisition Corp.
December 9, 2021Winston & Strawn represented Seven Oaks Acquisition Corp. (“Seven Oaks”) (Nasdaq: SVOK, SVOKU, SVOKW), a special purpose acquisition company, in connection with its business combination with Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers.
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Sallyport Commercial Finance Announces $2,100,000 in Financing for Commercial Laundry Services
December 9, 2021The financing consists of $1.75 million in accounts receivable funding and $350,000 in equipment finance. This will lay the foundation for the client to achieve their long-term goals of further expansion and acquisition coast-to-coast in the US.
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Winston & Strawn Represents 123-year-old Thomas Publishing Company
December 9, 2021Winston & Strawn represented 123-year-old Thomas Publishing Company, a leader in product sourcing, supplier selection, and digital marketing solutions, in connection with its $300,000,000 sale to Xometry, Inc, a global marketplace for on-demand manufacturing.
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IDB Bank Welcomes Salvador Palma
December 9, 2021IDB Bank is excited to welcome Salvador Palma “Chava” as the new President of IDB Capital. With more than 20 years of industry experience, Chava will be instrumental in delivering fresh investment insights for IDB’s client base. In his new role, he will report directly to IDB Bank President and CEO, Ziv Biron.
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Marco Announces $4MM ABL Facility for Hayden Products
December 9, 2021The end of 2021 is fastly approaching, but that does not seem to phase Miami, FL based Fintech, Marco who announced the closing of an ABL deal, adding to its rapidly growing portfolio. Hayden Products, based in New York City, is a distributor of cosmetics and related products including soaps and dental floss, sold to mass retailers and boutiques in the United States and Canada.
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Citizens Leads $70 Million Asset-Based Senior Credit Facility for Stonegate Capital Holdings
December 8, 2021Citizens announced today that it served as Sole Lead Arranger for Chicago-based Stonegate Capital Holdings’ $70 million asset-based revolving credit facility to support its acquisition by SG Credit Partners. Stonegate is a leading provider of asset-based credit facilities, typically ranging from $2 million to $10 million, to companies in both the United States and Canada. The deal establishes SG Credit as a leading lower middle market credit platform delivering a complete range of credit solutions for companies primarily in the consumer sector, including food and beverage, naturals, beauty, ecommerce and fashion.
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USA Compression Partners Announces New Credit Facility
December 8, 2021USA Compression Partners, LP (NYSE: USAC) (“USA Compression” or the “Partnership”) announced today that it had entered into the Seventh Amended and Restated Credit Agreement effective today, December 8, 2021, extending the maturity of its senior secured credit facility until December 2026. The credit facility is led by J.P. Morgan and includes 17 additional financial institutions with a combined commitment of $1.6 billion.
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