- Transparency Analytics Completes Second Funding Round Led by Deciens Capital
- Justin Rutledge Joins First Horizon Bank as Charlotte Market President
- Pathlight Capital Closes Fourth ABL Credit Fund and Second Evergreen Tranche With $1.9 Billion of Commitments
- Spirit Airlines Gets $100 Million Lifeline Amid Restructuring
- Brown Plus Acquires Ross Buehler Falk & Company, LLP, Effective January 1, 2026
TSL Express Daily Articles & News
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BizCap® Hires Industry Veteran Karen Gottwald as Senior Vice President
BizCap® (Business Capital since 2002), a national commercial finance and advisory firm, today announced industry veteran Karen Gottwald has joined as senior vice president, business development officer. Coinciding with the hiring of Ms. Gottwald is the opening of BizCap’s new office in Tampa. Based in both Florida and Illinois, Ms. Gottwald will be responsible for new business origination throughout the U.S., deepening borrower and referral relationships.
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TSL Express Daily Headlines & News
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Gordon Brothers Provides SPM Toys Trading GmbH Secured Term Loan to Acquire Intellectual Property Rights & Assets from Spiele Max GmbH
November 29, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has provided SPM Toys Trading GmbH a secured term loan to purchase the intellectual property rights and assets of German retailer Spiele Max GmbH.
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Sun Valley Raisins Engages BizCap®, Secures $15 Million in Financing
November 29, 2021BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.
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eCapital Provides $6.5MM Asset Based Lending Credit Facility to California-Based Food and General Products Distributor
November 29, 2021eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative finance provider for small and medium-sized businesses, today announced the issuance of a $6,500,000 asset-based lending credit facility to a California-based food and general products distributor.
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Winston & Strawn Represents Vahanna Tech Edge Acquisition I Corp.
November 29, 2021Winston & Strawn represented Vahanna Tech Edge Acquisition I Corp. (the “Company”) in its initial public offering of 20,010,000 units, including 2,610,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit. Vahanna Tech Edge Acquisition I Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
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Austin Financial Services Funds $1.5MM ABL Facility to Oil & Gas Billing Services Company
November 29, 2021Austin Financial Services, Inc. (AFS) recently funded a $1,500,000 ABL credit facility comprised of an AR revolver. Based in the Southeast region, the Company operates as a billing services company providing services for the oil/gas exploration and production industry.
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MidCap Business Credit Closes on a $6,000,000 Asset-based Credit Facility for a Camwood Capital Group Portfolio Company
November 29, 2021MidCap Business Credit announced today they have closed on a $6,000,000 asset-based credit facility for a Camwood Capital Group portfolio company, Texas Contract Manufacturing Group (“TCMG”), and TCMG’s wholly owned subsidiaries, Lor-Van Manufacturing, Inc., and Apex Machining, Inc.
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Greystone Provides $8.3 Million in Acquisition Financing for Colorado Apartment Complex
November 29, 2021Greystone, a leading national commercial real estate finance company, has provided an $8.3 million bridge loan for the acquisition of The Reserve Apartments, an 87-unit multifamily property in Colorado Springs, CO. The transaction was originated by Dale Holzer, Managing Director at Greystone.
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mCloud Amends Existing Credit Facility with Addition of C$5 Million Accordion
November 29, 2021mCloud Technologies Corp. (TSXV: MCLD) (NASDAQ: MCLD) ("mCloud" or the "Company"), a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions, announced today it is amending its credit facility with ATB Financial ("ATB").
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2021 Canada's Most Admired Corporate Cultures™ and Canada's Most Admired CEO™ Winners Announced
November 29, 2021Waterstone Human Capital, Canada's leading cultural talent management firm, has announced the 2021 winners of the Canada's Most Admired Corporate Cultures™ and Canada's Most Admired CEO™ program. This national program recognizes best-in-class Canadian organizations and CEOs for fostering high performance corporate cultures that help sustain a competitive advantage. Mitsubishi HC Capital Canada (Trois-Rivieres, QC) won under the Canada's Most Admired™ Corporate Cultures of 2021 – Growth category.
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KBR Enhances its Capital Structure and Financing Flexibility
November 29, 2021KBR (NYSE: KBR) announced today that on November 18, 2021, the company successfully closed the fifth amendment to its credit agreement dated April 25, 2018, as previously amended. Following a strategic shift in the company's business mix, consistent performance against long-term financial targets, improvement in corporate credit ratings, and the continued resolution of legacy matters, the amendment measurably improves the company's flexibility and reduces its debt service cost.
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CIT Serves as Coordinating Lead Arranger for $210 Million Financing for Brazoria West Solar Project in Texas
November 29, 2021CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas. Located in the Greater Houston power market Brazoria West Solar Project is a utility-scale solar project with 260 megawatts of direct current generation capacity. Construction is underway, with commercial operation planned for 2022.
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Gordon Brothers and J.P. Morgan Provide Myer $215M Asset-Based Lending Facility
November 29, 2021Gordon Brothers, the global advisory, restructuring and investment firm, and J.P. Morgan have agreed to provide Myer a A$215 million, four-year asset-based lending facility to refinance its existing credit facilities, support strategic initiatives and provide day-to-day liquidity.
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Assure Announces Amendment to Credit Facility to Allow Funding of Second Tranche of the Senior Term Loan for Working Capital Purposes, Increasing Access to Previously Restricted Line of Credit
November 29, 2021Assure Holdings Corp. is pleased to announce that it has entered into an amending agreement dated March 8, 2021, with Centurion Financial Trust, an investment trust managed by Centurion Asset Management Inc. in respect of the Company’s $11,000,000 credit facility with Centurion comprised of a $9,000,000 senior term loan, funded in two tranches of $6,000,000 and $3,000,000, and a $2,000,000 senior revolving loan.
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Hercules Capital Surpasses $2.0 Billion in Annual Gross Debt and Equity Commitments for First Time in History
November 29, 2021Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47 billion.
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eCapital Corp. Names Kash Ahmad as Managing Director of New Staffing Division
November 29, 2021eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, has named Kash Ahmad as Managing Director to oversee eCapital’s newly formed Staffing Division. He will report to Dave Ciccolo, the CEO of eCapital’s Commercial Finance Division, and will lead the account management and operations teams to support the growth of the company’s staffing business.
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Matrix Announces the Successful Sale of Rusher Oil Company and Rushco Food Stores, Inc.
November 29, 2021Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of the assets of Rusher Oil Company and Rushco Food Stores, Inc. to Sampson-Bladen Oil Co., Inc. and its affiliates. Rusher Oil Company distributed Amoco and BP fuels to 19 branded convenience stores and one commissioned marketer location within a 20-mile radius of its Salisbury, North Carolina headquarters.
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Stran & Company Enters Into $7 Million Revolving Line of Credit with Salem Five Bank
November 29, 2021Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: STRN; STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced it has entered into an agreement with Salem Five Bank, providing the Company with a secured revolving line of credit with a principal amount of up to $7 million.
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Aemetis Signs Terms of $100 million of Construction and Working Capital Debt Financing
November 29, 2021Aemetis, Inc. (NASDAQ: AMTX), a renewable fuels company focused on negative carbon intensity products, announced today that it has signed a non-binding term sheet and is working towards completing $100 million of new debt financing from Third Eye Capital of Toronto, Canada. The debt financing is expected to be comprised of $50 million for carbon reduction projects and $50 million for working capital.
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ImagineSoftware™ Announces Strategic Growth Investment from Marlin Equity Partners
November 29, 2021The partnership with Marlin will focus on further accelerating Imagine's growth trajectory and expanding the company's talent and technology capabilities to continue to efficiently serve the needs of the marketplace and its customers. Post-transaction, Imagine's current investment partner, Mountaingate Capital ("Mountaingate") is exiting the company.
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Antares Supports Investment in CFGI by CVC Capital Partners Fund VIII
November 29, 2021Antares announced today that it is acting as administrative agent on senior secured credit facilities to support CVC Capital Partners Fund VIII’s (“CVC”) investment in CFGI. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle (NASDAQ: CG), co-founders and co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI.
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