- Georgia Banking Company, Inc. and Tandem Bancorp, Inc. Announce Completion of Merger
- Celtic Capital Corporation Provides $1.1 Million for Pacific-based Distributor
- Asset-Based Lending & Factoring Surveys
- Pemberton Announces Final Close of the Fourth Vintage of its Strategic Capital Strategy at €3.4bn, Currently Europe’s Largest Opportunistic Direct Lending Fund[1]
- Rosenthal Capital Group Closes Two Transactions Totaling $7 Million for its CPG+ Division
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Siena Lending Group Closes New $70 Million Credit Facility for Navajo Transitional Energy Company LLC
Siena Lending Group LLC ("Siena"), a leading asset-based lender, today announced the closing of a $70 million credit facility with Navajo Transitional Energy Company, LLC (“NTEC”). The financing solution includes a $50 million asset-based revolving credit facility and a $20 million second lien term loan arranged by Siena.
The new three-year credit facility was used to complete a strategic acquisition, refinance existing debt and provide additional capital to support NTEC’s strong ongoing growth. The acquisition advances NTEC’s efforts to continue diversifying beyond its core coal mining business, which supports electricity production for vital energy needs throughout The United States and in global power markets.
TSL Express Trending Story
TSL Express Daily Headlines & News
-
Capital Southwest Supports Xyresic’s Investment in Tele-Town Hall, LLC
January 3, 2022Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed Xyresic Capital’s (“Xyresic”) acquisition of Tele-Town Hall LLC (“TTH” or the “Company”) with a senior secured first lien term loan and a second lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the facility.
-
Season’s Greetings from Siena
January 3, 2022More than ever, the past two years have underscored how we are all connected. In the spirit of giving and sharing, Siena has donated to several food pantries and soup kitchens across the country on behalf of our employees and clients.
-
Parker, Hudson, Rainer & Dobbs LLP is Pleased to Announce Kelley C. Gass Has Been Admitted to the Partnership as of January 1, 2022
January 3, 2022Parker, Hudson, Rainer & Dobbs LLP is pleased to announce commercial finance attorney Kelley C. Gass has been admitted to the partnership as of January 1, 2022. Kelley is a member in the firm’s Commercial Finance practice group, representing national and regional banks and other financial institutions in a broad spectrum of secured lending transactions. Her work includes asset-based financings, syndicated loan facilities, healthcare financings, acquisition financings, and debtor-in-possession financings.
-
Celtic Capital Corporation Provides Financing for a PA-based Precision CNC Machine Shop
January 3, 2022Celtic Capital provided a $500,000 accounts receivable line of credit and a $630,000 equipment loan to accomplish the company’s objectives.
-
Bitfarms Secures $100 Million Credit Facility
January 3, 2022Bitfarms Ltd. (NASDAQ: BITF // TSXV: BITF), a global Bitcoin self-mining company, secured a $100 million credit facility with Galaxy Digital LLC backed by Bitcoin (BTC).
-
Finitive Names Todd Stokes, PhD as Chief Data Officer
January 3, 2022Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, today announced it has hired Todd Stokes, PhD as its Chief Data Officer. In his new role, Dr. Stokes will lead the formation of an analytics organization to leverage third-party and proprietary data, machine learning and algorithms to advance and accelerate how investors gain access to, and lend to, private credit borrowers on the Finitive platform.
-
Aterian Signs A $50 Million Credit Facility With MidCap Financial Trust
January 3, 2022Aterian, Inc. (Nasdaq: ATER) (“Aterian”) announced today that it has signed an asset backed credit facility with MidCap Financial Trust (“MidCap”), which is managed by a subsidiary of Apollo Global Management, Inc. The credit facility has a three year term and gives Aterian access to up to $50 million in total credit, consisting of $40 million in commitments with an accordion facility of an additional $10 million.
-
CIT Provides $35.5 Million to Greenyield Shipping LLC
January 3, 2022CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC.
-
Audax Private Debt Provides Financing to Support Lightyear Capital’s Acquisition of PracticeTek
January 3, 2022Audax Private Debt announced that, as Administrative Agent and Sole Arranger, it provided a unitranche credit facility to support the acquisition of PracticeTek (or the “Company”) by investment funds affiliated with Lightyear Capital, a New York-based private equity firm focused on financial services.
-
Commercial Credit, Inc. Acquires Keystone Equipment Finance
January 3, 2022Commercial Credit, Inc. (CCI), a Charlotte-based equipment and accounts receivable finance company and the parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc., announced today that it has acquired Keystone Equipment Finance Corp. Terms of the transaction were not disclosed.
-
MCAP Acquisition Corporation and AdTheorent Announce Closing of Business Combination
January 3, 2022MCAP Acquisition Corporation (“MCAP”) (Nasdaq: MACQ), a special purpose acquisition company sponsored by an affiliate of Monroe Capital LLC (“Monroe Capital”), today announced the completion of its business combination (the “Business Combination”) with AdTheorent Holding Company, LLC (“AdTheorent” or the “Company”), a leading programmatic digital advertising company using advanced machine learning technology and privacy-forward solutions to deliver measurable value for advertisers and marketers.
-
Simmons Bank Announces Paul Lowe as Head of New Corporate Banking Division
January 3, 2022Simmons Bank (Simmons) announced today the creation of a new Corporate Banking Division. This new unit will provide Simmons Bank the ability to consolidate specialized lines of business loans aligning commercial and equipment finance, government and institutional banking, mortgage warehouse lending, commercial deposits, asset-based lending and structured real estate finance into a dedicated division.
-
Ares Management Corporation Announces Agreement to Acquire AMP’s PrivateMarketsCo Infrastructure Debt Platform
January 3, 2022Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform (“Infrastructure Debt”), one of the largest infrastructure debt investment platforms globally with approximately US$8 billion in assets under management, as of September 30, 2021.
-
FirstDigital Telecom Completes Senior Debt Financing
January 3, 2022FirstDigital Telecom ("FirstDigital" or "the Company"), a leading fiber-based carrier in the western United States, today announced that it has raise debt financing from a group of leading investors ("the lenders"), including AllianceBernstein, Deutsche Bank, Guggenheim and Webster Bank.
-
Arcutis Biotherapeutics Secures $225 Million in Non-Dilutive Debt Financing from SLR Capital Partners
January 3, 2022Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), a late-stage biopharmaceutical company focused on developing meaningful innovations in immuno-dermatology, today announced that it has obtained a $225 million term loan facility from funds managed by SLR Capital Partners (“SLR”).
-
P10 Announces $250MM Debt Refinancing
January 3, 2022P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that it and certain of its subsidiaries, as guarantors, have entered into a $250 million credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A. and Texas Capital Bank.
-
New York Department Of Financial Services Extends The Effective Date Of The State’s Commercial Finance Disclosure Legislation
January 3, 2022On December 31, 2021 the New York State Department of Financial Services (“DFS”) announced that as final regulations have yet to be adopted by the DFS providing regulatory guidance regarding the standardized disclosures about the terms of credit to be provided under the State’s Commercial Finance Disclosure Law (“CDFL”) all obligations under the CDFL (which became effective on January 1, 2022) will not go into effect until the DFS has issued final regulations and these regulations take effect.
-
Harte Hanks Secures a New $25 Million Revolving Line of Credit with Texas Capital Bank
December 22, 2021Harte Hanks, Inc. (HHS) (the "Company"), a leading global customer experience company, today announced that the company has obtained a new $25 million secured revolving line of credit with Texas Capital Bank. This new loan agreement will enhance the Company's strategic position and increase its financial flexibility.
-
FASB Proposes To Enhance Transparency Around Supplier Finance Programs
December 22, 2021The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to help investors and other allocators of capital better consider the effect of supplier finance programs on a buyer’s working capital, liquidity, and cash flows. Stakeholders are encouraged to review and provide comment on the proposed ASU by March 21, 2022.
-
FTI Consulting Adds Managing Director to Merger Integration and Carve-Outs Practice in Dallas
December 22, 2021TI Consulting, Inc. (NYSE: FCN) today announced the appointment of Katy Quintanilla as a Managing Director in the Merger Integration and Carve-outs practice within the firm’s Corporate Finance & Restructuring segment.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
