- Oppenheimer Names Eric Nortman Head of Debt Private Placements
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Abacus Finance Group Provides Senior Debt Financing to Support Westview Capital Partners’ Investment in Benefits All In
- TSL Feature Articles
- Renasant Business Credit Announces Deals
TSL Express Daily Articles & News
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Encina Lender Finance and Georgia Banking Company Provide $40 Million Senior Credit Facility To Microf
Encina Lender Finance, LLC (“ELF”) and Georgia Banking Company (GBC) announced today that they have provided a $40 million senior credit facility to Microf LLC (“Microf”), a leading provider of rent-to-own and lease-purchase solutions for residential HVAC systems. The credit facility was used to refinance existing credit facilities and to expand debt capacity to fund Microf’s continued growth.
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SierraConstellation Partners Promotes Tom Lynch to President & Chief Operating Officer
January 18, 2022SierraConstellation Partners LLC (SCP), an interim management and advisory firm to middle-market companies in transition, has promoted Tom Lynch to President and Chief Operating Officer. Since joining SCP in 2018, Lynch has played a pivotal role in building SCP’s nationwide presence from his base in the Northeast. He has led some of SCP’s most high-profile engagements, including serving as the interim CEO of David’s Bridal and as the Chairman and CEO of MedMen.
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Burberry Sets First Sustainability-linked Loan With Lloyds Bank
January 18, 2022Burberry’s finances are going a deeper shade of green with a new sustainability-linked loan coordinated by Lloyds Bank. The 300 million pounds loan is linked to Burberry’s ambition to be climate positive by 2040, and comes less than 18 months after the company issued a sustainability bond.
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GTCR Announces Opening of New York and West Palm Beach Offices
January 18, 2022GTCR, a leading private equity firm founded in 1980, announced today the opening of offices in New York City and West Palm Beach, Florida, establishing new locations to support its investment capabilities and broaden its talent acquisition initiatives. GTCR's offices in Chicago will continue to serve as the firm's headquarters and center of operations and will continue to account for the majority of the firm's employees.
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Swept Accelerates Product and Market Expansion with Growth Financing from FirePower Capital
January 18, 2022Swept Technologies Inc. (“Swept”), the leading field management software platform in the janitorial industry, today announced closing debt financing with FirePower Capital (“FirePower”), Canada’s entrepreneurial lender, investor, and M&A advisor.
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As It Begins its Eleventh Year, Abacus Finance Announces the Promotions of Eric Petersen, Rafal Rydzewski, and Austin Rendell
January 18, 2022As an investment team member, Eric Petersen, who joined Abacus in 2013, leads structuring, underwriting, executing, monitoring, and valuing investments for the firm. Rafal Rydzewski, who joined Abacus in 2014, is involved as an investment team member with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Austin Rendell, who joined Abacus Finance in 2019 as an Analyst, works as part of the investment team in structuring, underwriting. and executing new investments.
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $200.9 Million in Commercial Financing to 179 Businesses in December
January 18, 2022Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $46,424,626 in ABL/factoring financial solutions for 22 new clients; Crestmark Equipment Finance provided $34,752,249 in 35 new transactions; Crestmark Vendor Finance provided $11,852,158 in 116 new transactions; and the Government Guaranteed Lending group provided $107,950,000 in financing for six new clients in the month of December.
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SG Credit Provides a $2.5 Million Recurring Revenue-Based Growth Capital Facility to OpsCompass
January 18, 2022“OpsCompass, along with our solutions company, House of Brick, is entering an exciting phase of accelerated growth in our recurring business offerings,” said Nathan Biggs, OpsCompass CEO. “We are seeing increasing worldwide customer adoption of our Cloud Intelligence Platform and our Managed Cloud Services. SG Credit Partners showed the unique insight into our business to tailor just the right capital structure we need to meet our aggressive growth targets.”
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First Business Bank’s Asset-Based Lending Group Funds $10 Million Credit Facility for Refinance
January 18, 2022Pete Lowney, President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit facility for a Florida-based signage manufacturer and installer.
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The Simply Good Foods Company Announces Lender Commitments Received to Reprice Its Existing Term Loan
January 18, 2022The Simply Good Foods Company (NASDAQ:SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced that its indirect, wholly owned subsidiary, Simply Good Foods USA, Inc. and other wholly owned subsidiaries successfully received commitments and all necessary consents from lenders for a repricing of their existing $431.5 million outstanding term loan under the Credit Agreement, dated as of July 7, 2017 (the “Term Loan”) at par.
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Jet Edge International Receives Further Investment from KKR
January 18, 2022Jet Edge International, the Ohio-based private aviation company, has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately $265 million over the past year.
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Shawcor Announces Closing of Credit Facility
January 18, 2022Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) today announced that it has successfully closed on the previously announced credit facility (the “Credit Facility”) with Toronto-Dominion Bank and National Bank Financial as co-lead arrangers and HSBC Bank Canada, JP Morgan Chase Bank and Export Development Bank as lenders. The Credit Facility provides for a US$300 million, four-year senior secured revolving facility.
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Regents Capital Closes $25.0 Million Corporate Note Financing
January 18, 2022Regents Capital Corporation (Regents), a leading provider of equipment leasing and financing solutions to middle-market borrowers, announced the closing of a $25.0 million investment-grade rated corporate note financing provided by a consortium of prominent institutional investors. Brean Capital, LLC served as the company's exclusive financial advisor and sole placement agent in connection with the transaction.
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Värde, Hawkins Way Form $1B JV to Acquire Value-add and Distressed Hospitality Assets
January 18, 2022Värde Partners, a global alternative investment firm, and Hawkins Way Capital, a vertically integrated real estate company, have formed a joint venture to acquire more than $1 billion of value-add and distressed hospitality and housing assets in major U.S. cities. The assets will operate under a Hawkins Way affiliate.
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Cambridge Wilkinson Investment Banking Closes $150 Million Litigation Finance Credit Facility
January 18, 2022Cambridge Wilkinson ("CW") is pleased to announce the closing of a $150MM credit facility for an institutional caliber litigation finance lender which specializes in originating and underwriting loans that have a first priority claim on all revenues generated by the case collateral.
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Accord Financial Expands Executive Team: Todd Eubanks Joins As Senior Vice President, Underwriting & Portfolio Risk
January 18, 2022Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the hiring of Todd Eubanks as SVP, Underwriting and Portfolio Risk. As a member of the Executive Leadership team, he will be responsible for setting the direction of the company’s credit risk functions, culture and policies, helping to advance Accord’s credit strategy and the processes and controls designed to mitigate risks within the loan portfolio.
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Big Shoulders Capital Provides a Equipment Term Loan to a Utah-based Resort Developer
January 18, 2022Big Shoulders Capital provided a $1,500,000 equipment term loan to a Utah-based resort developer. The loan was secured by the developer’s fleet of construction equipment.
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Pandemic Drives Americans to Pursue Financial Mobility and Personal Priorities, KeyBank Survey Finds
January 13, 2022The KeyBank 2022 Financial Mobility Survey, released today, finds many Americans are reconsidering their work and financial priorities, with two-thirds (62%) of respondents indicating that work-life balance is more important to them than a high-paying salary (22%). While the desire for greater work-life balance exists, only a quarter (25%) of Americans say they have experienced an improvement in their standard of living compared to 2020. These findings highlight a shift in mentality as Americans take steps to overcome obstacles and re-align priorities for financial mobility.
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Earnings in the U.S. Middle Market Continue To Boom Compared To Strong, Pre-Covid Q4 2019 Results
January 13, 2022Middle market private companies in the Golub Capital Altman Index experienced EBITDA growth of 22% and revenue growth of 21% in October and November 2021 compared to their October and November 2019 earnings and revenue. The data in this report reflects the median performance of approximately 100 companies that were in the Golub Capital Altman Index in both periods. The comparison over a two-year period is intended to provide greater insight than the report's typical year-over-year analysis, given the impact of COVID-related lockdowns throughout much of 2020.
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Fintech Company Quartix Raises $20M Funding to Democratize Supply Chain Finance and Unlock Efficient Capital to Middle-market Industrial Companies
January 13, 2022Fintech company Quartix, who provides a SaaS platform that unlocks digital Supply Chain Finance solutions to mid-size industrial companies, announced today it has successfully secured a $20M funding facility from two Fintech credit funds with a potential to increase the credit facility.
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Obsidian Energy Announces Updates to Our Syndicated Credit Facility and Senior Notes
January 13, 2022OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that we have completed the one-time adjustment of our syndicated credit facility effective December 31, 2021. Our aggregate commitment amount is now $366.8 million adjusted from the previous amount of $415.0 million.
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