- Asset-Based Lending & Factoring Surveys
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Garnet Capital Completes $2.9 Billion Loan Portfolio Liquidation for Chapter 7 Bankruptcy Trustee
- Gordon Brothers Releases 2026 Global Asset Insights Report
- CPS Announces Credit Facility Capacity Increase
TSL Express Daily Articles & News
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Wingspire Capital Exceeds $1 Billion In Commitments After Just Two Years Of Operations
Wingspire Capital LLC (“Wingspire”) achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021.
Wingspire’s 2021 transactions ranged in size from $40 million to $200 million and included tailored “one-stop” financing solutions such as revolving lines of credit, cash flow loans, fixed asset term loans and other hybrid financing solutions.
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MAG Silver Secures US$40 Million Revolving Credit Facility
November 15, 2021MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” “MAG Silver” or the “Company”) is pleased to report the signing of a binding commitment letter with the Bank of Montreal (“BMO”) for a fully underwritten US$40 million revolving credit facility (the “Facility”). Closing of the Facility is expected to occur by mid-December 2021 and is subject to the satisfaction of customary conditions, and completion of definitive documentation.
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Castlelake Names Four to Partnership Group
November 15, 2021As partners of Castlelake, the individuals will retain their existing functional responsibilities and assume incremental accountability for Castlelake's performance and business strategies, as well as important internal initiatives such as sustaining the firm's culture and global employee engagement. With these additions, Castlelake's partner group comprises professionals representing a cross-section of functional expertise and experience.
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Thomas J. Sposito II Assumes Expanded Strategic Growth Role For Traditions Bank
November 15, 2021Traditions Bancorp, Inc. (OTC Pink: TRBK), holding company for Traditions Bank, has announced that Thomas J. Sposito II will assume expanded leadership responsibility in the newly created role of Chief Banking Officer, effective November 15, 2021.
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Eastern Bankshares, Inc. Announces Completion Of Merger With Century Bancorp, Inc.
November 15, 2021Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, today announced that it has completed its acquisition of Century Bancorp, Inc. (Nasdaq: CNBKA) (“Century”), the stock holding company for Century Bank and Trust Company (“Century Bank”), a full service commercial bank with a full range of business, personal and institutional services. The transaction is valued at approximately $642 million.
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Finitive Private Credit Marketplace Announces New Chief Information Officer and Chief Product Officer
November 15, 2021Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, today announced it has hired two financial technology industry veterans, Jon Burlinson as Chief Information Officer and Joshua Masia as Chief Product Officer, to advance the Finitive platform's data-driven deal matching capabilities and drive growth.
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Ares Commercial Real Estate Corporation Adds New Borrowing Capacity to Support Further Growth
November 15, 2021Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE) announced today that it has entered into an agreement to increase its existing Term Loan from $60.0 million to $150.0 million, reduce the all-in pricing from LIBOR plus 5.75% to an initial fixed rate of 4.50% and extend the initial maturity to November 2026.
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $41.4 Million in Commercial Financing to 51 Businesses in the Second Half of October
November 15, 2021Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $18,247,152 in ABL/factoring financial solutions for 16 new clients; Crestmark Equipment Finance provided $5,439,199 in nine new transactions; Crestmark Vendor Finance provided $2,367,322 in 25 new transactions; and the Government Guaranteed Lending group provided $15,425,000 in financing for one new client in the second half of October.
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CohnReznick Expands in South Florida
November 15, 2021CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has opened a new office in Miami, Florida to house its growing South Florida team. The team has a deep concentration in commercial real estate and financial services and strong expertise in transactions, turnarounds, and private client services. The office also has specialties in technology, healthcare, life sciences, hospitality, and government agencies.
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Revolution Capital Opens New Office in Kansas Increasing Market Presence in America’s Mid-West
November 15, 2021Revolution Capital, the leading provider of factoring & cash-flow financing in Canada and the United States is continuing its strategic growth strategy by opening a new office in Kansas to service the American Mid-West. The office will be headed by Davinder Singh, formerly of Compass Funding Solutions.
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Simi Capital Acquires Six Acre Long Island Property for $15 Million
November 15, 2021Simi Capital (SC), a real estate investment firm focused on various equity and debt strategies, has acquired a Long Island industrial property for USD15 million in partnership with Cerberus Capital Management, a global leader in alternative investing with approximately USD55 billion in assets across complementary credit, private equity, and real estate platforms.
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John Marshall Bank Hires Alice Williams to Expand its Commercial Lending Team
November 15, 2021ohn Marshall Bank is pleased to announce Alice Williams as its new SVP, Commercial Lender. Alice has 39 years of experience in commercial banking, with almost half of her career spent at Truist Bank (formerly BB&T). Before joining John Marshall Bank, Alice served as the SVP, Market President of Truist Bank. She managed business clients with annual revenues up to $100 million.
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Turning Rock Partners Expands Platform with Key Hires
November 15, 2021Turning Rock Partners ("TRP" or "Turning Rock"), a New York-based private investment firm, is expanding its platform with key hires across the organization. Notably, TRP has hired Catherine Bonelli to be its new Chief Financial Officer (CFO). Bonelli brings more than 30 years of experience managing all aspects of finance, operations and regulatory reporting for financial institutions and asset management firms to the role.
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Flow Capital Announces a US$1.5M Investment Into Kovo HealthTech Corporation
November 15, 2021Flow Capital Corp. (TSXV:FW) (“Flow Capital”, “Flow”, or the "Company") announces that it has a US$1.5M investment into Kovo HealthTech Corporation (“Kovo”). The investment is expandable to US$7M under certain conditions. Kovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for US healthcare clinics, hospitals and private practices.
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Winston & Strawn LLP Represents Connecticut Pharmaceutical Solutions, Inc.
November 15, 2021Winston & Strawn LLP represented Connecticut Pharmaceutical Solutions, Inc., a portfolio company of Tuatara Capital, L.P in its sale to Verano Holdings Corp., a leading multi-state cannabis company.
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Matrix Announces the Successful Sale Of E.J. Pope & Son, Inc.’s 36 Handy Mart Stores
November 12, 2021Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised E.J. Pope & Son, Inc. d/b/a Handy Mart (“EJP” or the “Company”) on the sale of its 36 petroleum marketing and convenience retail stores to GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp.
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BBH Announces the Addition of Private Banking Professional in Houston
November 11, 2021The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the addition of a new Corporate Advisory & Banking Officer, Ianni Palandjoglou. Ianni is joining the firm as a Senior Vice President and will be BBH's first full-time employee in the Houston market, where BBH has long been active in supporting private businesses and their owners.
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Flagstar Bank Names Adler Head of Wholesale Banking
November 11, 2021Flagstar Bank has named Michael Adler as executive vice president and head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and non-consumer-facing areas such as foreign exchange/swaps.
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Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 11, 2021Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced today that it completed an amendment to its existing senior secured credit facility which extends maturity dates by more than 3 years, increases the Company’s revolving loan facility from $1.2 billion to $1.5 billion and provides $1.0 billion in new term loans to refinance outstanding term and revolving loans used to fund the three recent acquisitions completed in 2021 and the acquisition of the dispensing operations of the Albéa Group in 2020.
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MeridianLink Completes Debt Refinancing With a New $435 million, 7-Year Credit Facility
November 11, 2021MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that the Company has entered into a Credit Agreement, providing a Term Loan B Facility (the “Facility”) of seven years in the aggregate principal amount of $435 million and a $50 million revolving credit facility.
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U.S. Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050
November 11, 2021Setting a goal to reduce greenhouse gas emissions to zero by 2050 will expand U.S. Bank’s environmental focus from its operations to all parts of its business. The company will measure, disclose and commit to zero net greenhouse gas emissions – including financed emissions – by 2050.
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