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Gordon Brothers, the global advisory, restructuring and investment firm, has received $300 million in financing from Canada Pension Plan Investment Board (CPP Investments) through its subsidiary CPPIB Credit Investments Inc., increasing the firm’s capital base to over $1 billion.
This financing will fuel the continued rapid growth of the firm’s capital offerings, which generated over $700 million in originations worldwide in 2021, building on billions of assets traded and financed in recent years.
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The Secured Finance Network (formerly Commercial Finance Association) held its 13th Annual International Lending Conference at DLA Piper in London, May 21-23. Attendees heard from a variety of leaders discussing the critical issues and opportunities relating to cross-border lending including looming economic upheaval, potential recession and geopolitical uncertainty.
TSL Express Daily Headlines & News
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Dave Galbreath Selected to Lead Comerica Bank's Florida Market
May 26, 2022Comerica Incorporated (NYSE: CMA) announced that Dave Galbreath has been named its Florida Market President, replacing David Kunik, who has decided to step down so he can focus more directly on managing the market's retail operations.
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BMO Financial Group Announces Commercial Banking Office in Grand Rapids, Michigan
May 26, 2022BMO Financial Group announced today a commercial banking office in Grand Rapids, Michigan, led by BMO's Michigan Managing Director, James Hess. Located at 250 Monroe Ave., it is comprised of five commercial bankers focused on diversified industries, equipment finance and treasury & payment solutions, all supported by BMO's national industry sector expertise.
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SSG Places Debt Financing for Listen Technologies Corporation
May 26, 2022SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to Listen Technologies Corporation (“Listen” or the “Company”) in the placement of a financing package, which enabled Listen to refinance existing indebtedness and will provide additional capital for growth. The transaction closed in May 2022.
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Austin Financial Services Closes an $1.5M Revolving Facility to an International Upscale Confectionary Company
May 25, 2022Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $1.5MM revolving A/R and inventory facility to a gourmet confectionary Company with a domestic & international presence. Proceeds from AFS’ revolver will provide new funds for ongoing working capital support, which will allow the company to grow inventory supply to meet their seasonal demands.
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Orano Refinances Its Syndicated Line of Credit for an Amount of €880 Million
May 25, 2022Orano has refinanced in advance its Revolving Credit Facility (RCF) for a total amount of €880 million, including a margin indexed to environmental and governance criteria. This new confirmed syndicated line of credit signed with a pool of 10 banks has a maturity of five years and carries two one-year extension options exercisable in 2023 and 2024. It replaces the undrawn credit facility signed in July 2018.
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International Seaways Announces Refinancing and Closing of New Senior Secured Sustainability-Linked Credit Facility
May 25, 2022International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has closed on a new senior secured credit facility (the “Facility”) with an aggregate capacity of $750 million, composed of a term loan of $530 million and a revolving credit facility of $220 million, of which $70 million was drawn on May 24, 2022. The Facility matures in May 2027.
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Tiger to Auction Professional Cameras, Lenses, Grip, Electric and Gear Accessories From Red Star Pictures
May 25, 2022Tiger Group is gearing up to auction surplus equipment from Red Star Pictures, a longstanding supplier of rental lighting, grip and production equipment to the entertainment and live event industry.
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Summit Bank Announces Brian Thomas Promoted to Senior Vice President and Commercial Banking Team Lead
May 25, 2022Summit Bank (OTC Pink: SBKO), a leading independent community bank, announced today that Brian Thomas has been promoted to Senior Vice President, Commercial Banking Team Leader for the bank’s Portland and Southwest Washington Team. The announcement was made by Craig Wanichek, Chief Executive Officer and President of Summit Bank.
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Heather Morgan Joins Hilco Corporate Finance as Director of Capital Solutions
May 25, 2022Hilco Corporate Finance (HCF) is pleased to announce that Heather Morgan has joined as Director of Capital Solutions. In this new role, Ms. Morgan will be responsible for originating corporate finance and capital markets transactions for Hilco Global, with a focus on the commercial and industrial sector. Ms. Morgan brings almost 20 years business development experience in her tenure of her professional career.
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Daniel Kohl Joins Opportune LLP as Co-Head and Managing Director of the Firm’s Investment Banking Practice
May 25, 2022Opportune LLP, a leading global energy business advisory firm, is pleased to announce that Daniel Kohl has joined the firm as Co-Head and Managing Director of Opportune Partners LLC, an independent investment banking and financial advisory affiliate of Opportune.
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J D Factors Announces Factoring Facilities
May 25, 2022J D Factors announces it has provided the following factoring facilities: $500,000 to a transportation company in Quebec; $100,000 to a transportation company in British Columbia; $300,000 to a transportation company in New Jersey; 1,000,000 to a transportation company in Texas.
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CIT Provides Up to $30.5 Million Financing for Lomar Portfolio
May 24, 2022CIT, a division of First Citizens Bank, today announced that its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels.
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Cambridge Wilkinson Investment Banking Closes $100 Million Credit Facility for Proven Real Estate Asset Manager
May 24, 2022Cambridge Wilkinson ("CW") is pleased to announce the closing of a $100MM credit facility for a long track record Real Estate Asset Manager who currently has more than 90,000 acres of land and manages over $3 billion of real estate assets.
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CIBC Innovation Banking Provides Growth Capital Financing to DealMaker
May 24, 2022CIBC Innovation Banking is pleased to announce growth capital financing for DealMaker, a leading capital raising technology platform. The financing will enable the company to accelerate its growth across North America. Founded in 2018, by experienced Bay Street lawyers, Rebecca Kacaba and Matt Goldstein, DealMaker’s ambition is to modernize the shareholder issuance space, with recent successes including the Green Bay Packers issuance.
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Haversine Funding Announces Recently Closed Transactions
May 24, 2022Haversine Funding announced the following recently closed transactions: $3,000,000 of a $6,500,000 participation in an asset-based line, secured primarily by inventory, to an iron foundry and manufacturer; $10,000,000 senior secured, lender finance facility to a transportation factor; $2,000,000 of a $4,000,000 factoring participation for a government procurement distributor; $2,000,000 junior capital facility to a real estate bridge lender and $15,000,000 senior secured, lender finance facility to a general factor and asset-based lender.
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FocalPoint Enhances its National Healthcare Practice with Senior Hire
May 24, 2022FocalPoint Partners, a leading middle market investment bank and a B. Riley Financial Company (NASDAQ: RILY) specializing in strategic and financial advisory services, today announced that Andrew Hewlett has joined the firm as a Managing Director in its national healthcare practice.
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Gridiron Capital Continues to Build Digital Acceleration Capabilities and Direct to Consumer Expertise
May 24, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, continues building capabilities with the addition of Daria Lupinacci as an Operating Partner focused on Digital Acceleration.
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R&F Welcomes Jaime Hantgan as a Commodity Consultant
May 24, 2022Rosenberg & Fecci Consulting, LLC is pleased to announce that Jaime Hantgan has joined the team as a Commodity Consultant. Ms. Hantgan comes to us with 15 years of experience in the world of commodity trading. She has held various positions, including accountant, trading analyst, and trade finance analyst for large and small trading companies.
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J.P. Morgan Asset Management Hires New Global Data Science Head, Arezu Moghadam
May 24, 2022J.P. Morgan Asset Management today announced that it has hired Arezu Moghadam as Managing Director and Global Head of Data Science. Ms. Moghadam will be based in New York and reports to Kristian West, Head of the firm's Investment Platform team, which is focused on building and managing best in class capabilities, maximizing return on investment and leveraging the scale of J.P. Morgan to deliver exceptional outcomes to clients.
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Blank Rome Adds Prominent Finance Partner in Chicago
May 24, 2022Blank Rome LLP is pleased to welcome prominent finance partner Cynde H. Munzer to the firm’s Finance, Restructuring, and Bankruptcy group in Chicago. Cynde is the latest addition to the firm’s national finance team, which recently welcomed additional leading partners David E. Kronenberg in Washington, D.C. and Cincinnati, and Cassandra K. Mott and Sarah H. Frazier in Houston, as well as of counsel Bradley E. Wolf in Los Angeles.
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