- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- News Detail
- nFusion Capital Provides $3M Factoring Facility for Commercial Maintenance Company
- Pathlight Capital Closes Fourth ABL Credit Fund and Second Evergreen Tranche With $1.9 Billion of Commitments
TSL Express Daily Articles & News
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Jim Hogan Announced as President, U.S. Asset Based Lending, Accord Financial
Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the appointment of Jim Hogan as President, U.S. Asset Based Lending (ABL) as of January 1, 2022. As a member of the Executive Leadership team, he will be responsible for leading and growing the business throughout the U.S., delivering asset based lending and factoring solutions to small businesses and medium-sized enterprises.
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Zedcor Inc. Announces New Term Loan and Equipment Financing
October 19, 2021Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that, after discussing alternative competitive financing offers, the Company has entered into a new financing agreement with an Alberta based credit union that offered terms and conditions that most suited the Company's current needs and future growth plans.
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Stingray Successfully Completes Long Term Refinancing of Credit Facilities Providing Flexibility up to $575M
October 19, 2021The credit facilities are provided by a syndicate of banks led by National Bank of Canada, Bank of Montreal and Fédération des Caisses Desjardins as Co-Lead Arrangers, and comprised of Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, Scotiabank, HSBC Bank Canada, Royal Bank of Canada, Business Development Bank of Canada and Investissement Québec.
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Conduent Announces Closing of Refinance of its Existing Term Loans and Revolving Facility
October 19, 2021Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company (the “Company”), today announced it has successfully completed its previously announced debt refinancing. The Company closed its new first lien senior secured credit facilities (“Senior Secured Credit Facilities”) consisting of (a) a term A loan facility in the aggregate principal amount of $265 million with a maturity of five years, (b) a term B loan facility in the aggregate principal amount of $515 million with a maturity of seven years and (c) a revolving loan facility providing up to $550 million with a maturity of five years.
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Lawrence Financial Group Announces $135 Million in Financing for the First Three Quarters of 2021
October 19, 2021Lawrence Financial Group announced it provided $135 million in financing for the first three quarters of 2021. Lines of credit, subordinated debt, purchase order funding, term loans, inventory facilities, floor plans, and factoring were some of the many solutions Lawrence offered to its diverse national client base.
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Encina Lender Finance Provides Inaugural Senior Credit Facility to Urban Us Capital
October 19, 2021Encina Lender Finance, LLC (“ELF”) announced today that it has provided an inaugural senior credit facility to Urban Us Capital, LLC (“Urban Us Capital”), a leading venture capital platform providing both structured equity and debt investments engaged in origination and servicing of asset-backed capital to early-stage companies and startups focused on upgrading cities for climate change (climate tech and urbantech).
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Haversine Funding Announces Recently Closed Transactions
October 19, 2021Haversine Funding closed a $13 million senior secured, lender finance facility to an equipment lender specializing in truck and trailer loans across the U.S.; closed $3 million of a $4.2 million real estate participation in three assisted living centers located in North Carolina and Florida; closed $1.8 million of a $3 million inventory participation in this agricultural equipment manufacturing loan and closed $1.5 million of a $3 million factoring participation to a staffing company located in Georgia.
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Cold Bore Capital Closes Acquisition Financing for Regiment Security Partners
October 19, 2021Cold Bore Capital Management, LLC (“Cold Bore”) has announced the successful closing of acquisition financing for Regiment Security Partners (“RSP”). The debt financing was provided by Kayne Anderson Private Credit and Willow Tree Credit Partners. FocalPoint Partners (“FocalPoint”) served as Cold Bore’s exclusive financial advisor on the transaction.
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Tiger Group Auction Offers Live Event and Entertainment Production Rental Gear
October 19, 2021As PRG prepares for the full reopening of the industries it serves, it has enlisted Tiger Group to auction select live event and production-ready AV gear from its existing rental inventories. The gear from PRG, which maintains the largest rental inventory of production equipment globally, features a wide array of broadcast and digital cameras, broadcast camera lenses, projectors, heads, and camera accessories.
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New Mountain Capital Closed on $1.15 Billion for Guardian III Private Credit Fund
October 19, 2021New Mountain Capital (the “Firm” or “New Mountain”), managing over $35 billion across private equity, credit, and net lease real estate, today announced the closing of its latest direct lending fund, New Mountain Guardian III BDC, L.L.C. (the “Fund” or “Guardian III”) with approximately $1.15 billion of capital commitments from a diverse group of investors. Commitments included a substantial investment from the General Partner and employees of the Firm.
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Sam Patranella Joins Mayer Brown’s Growing Corporate and Energy Transactional Groups in Houston
October 19, 2021Mayer Brown announced today that Sam Patranella joined the firm’s Houston office as a partner in the Corporate & Securities practice, where he will focus on energy and private equity transactions. Previously, Mr. Patranella was vice president, general counsel and corporate secretary for Luxe Energy LLC and Luxe Minerals LLC, where he was also an initial member.
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OppFi Amends $75 Million Credit Facility with Atalaya Capital Management to Support Expansion of OppFi Card
October 19, 2021OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has amended its existing $75 million credit facility with Atalaya Capital Management to support the growth of the newly launched OppFi Card, issued by First Electronic Bank, Member FDIC.
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B. Riley Expands Corporate Advisory & Valuation Services Practice
October 19, 2021B. Riley Financial (NASDAQ: RILY) ("B. Riley") today announced the expansion of its Corporate Advisory and Valuation Services practice with the addition of Dave Bookbinder and Quinn Shearer to B. Riley Advisory Services. Bookbinder and Shearer bring significant business and intangible asset valuation expertise, serving strategic corporate finance functions in areas including tax planning, financial and tax reporting, transaction advisory and due diligence.
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inTEST Increases Financial Flexibility with Expanded Credit Agreement
October 19, 2021inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced that it has executed a new five-year credit agreement with M&T Bank, which includes a $25 million non-revolving delayed draw term loan and a $10 million revolving credit facility.
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The Carrick Group Announces $40 Million Credit Agreement With Bank of Montreal
October 19, 2021Carrick Specialty Holdings LLC (“The Carrick Group” or “Carrick”), an international non-life legacy business providing reinsurance and run-off management solutions, today announced that its Bermuda-based subsidiary, Carrick Holdings (Bermuda), has entered into an agreement with Bank of Montreal to provide funding of up to $40 million for legacy transactions. Carrick was advised by DLA Piper, and Mayer Brown LLP was advisor to Bank of Montreal.
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Single Point Capital Provides $450,000 for Transportation Company in Oklahoma
October 19, 2021Single Point Capital announced it provided a $450,000 factoring facility for a transportation company in Oklahoma.
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Sallyport Commercial Finance Provides $7,500,000 Funding for Electronics Distributor
October 18, 2021Sallyport is delighted to announce that it has just provided a $7,500,000 accounts receivable facility for an electronics distributor. Referred to Sallyport by their current lender whom they will work alongside, the client has a highly seasonal business and needed to free-up working capital to be able to secure enough stock for the holiday season whilst also meeting their payroll commitments.
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Immediate Sale by Tiger Group Features Remaining Embroidery and Garment-Printing Equipment from Major Full-Service Contract Decorator Gate NY
October 18, 2021Screen-printing and embroidery companies can now acquire the remaining equipment assets from Gate NY—formerly a major drop-ship location for garment distributors in the Northeast—in an immediate sale by Tiger Group.
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First Business Bank’s Asset-Based Lending Group Funds $3 Million Credit Facility
October 18, 2021Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $3 million revolving line of credit facility for a Minnesota-based company providing technology enabled delivery services in markets throughout the nation.
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Interpace Biosciences Announces New $7.5 Million Credit Facility with Comerica Bank
October 18, 2021Interpace Biosciences, Inc. (“Interpace” or the “Company”) (OTCQX: IDXG) today announced that it, along with its subsidiaries, has entered into a new $7.5 Million revolving credit facility with Comerica Bank (the “Bank”). The facility matures on September 30, 2023 and allows for advances based on 80% of eligible accounts receivable plus an applicable non-formula amount consisting of $2,000,000 of additional availability at close, stepping down $250,000 per quarter beginning with the quarter ending June 30, 2022.
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Clearlake Capital Completes Acquisition of Cornerstone OnDemand
October 18, 2021J.P. Morgan, BoA Securities, Ares, Golub, Antares, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.
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