- Benefit Street Partners Announces Closing of a $1.1 Billion CRE CLO
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
TSL Express Daily Articles & News
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U.S. Bank has hired two bankers with deep asset-based lending experience for its growing asset-based finance business. The hires are part of a strategy for the broader U.S. Bank Commercial Banking team to continue its expansion in Texas and across the country to better serve middle market clients.
Daniel Stampfel has joined the U.S. Bank Asset Based Finance division as a senior vice president. Based in Dallas, Stampfel will lead efforts to provide asset-based credit solutions for businesses across Texas. Mitch Rubin has also joined the U.S. Bank Asset Bank Finance division as a senior vice president. Based in New York City, Rubin will lead our efforts to provide asset-based credit solutions for businesses across the Northeast.
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TSL Express Daily Headlines & News
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Boston Attorney Lewis J. Cohn of Cohn & Dussi Named to Boston Magazine’s First-Ever Top Lawyers List
December 16, 2021Cohn & Dussi, a full-service law firm with its principal office in Boston, is pleased to announce that Managing Partner Lewis J. Cohn has been named a Top Lawyer by Boston magazine. Boston magazine’s inaugural Top Lawyers List recognizes lawyers throughout Greater Boston for excellence in the field as chosen by their peers. Cohn was chosen as a Top Lawyer in the field of bankruptcy law.
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CIT Arranges $34 Million in Financing for Senior Housing Community in Arizona
December 16, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona. The financing was provided to Spectrum Retirement Communities LLC, a leading developer, owner and operator of senior housing communities headquartered in Denver, Colorado.
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BHI Appoints Brian Foley as First Vice President, Food & Beverage Group
December 16, 2021BHI, a full-service commercial bank, announced that it has appointed Brian Foley as First Vice President in the bank’s Food & Beverage Group. Foley is a veteran banker with 20 years of commercial banking experience across diversified sectors.
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Main Street Announces Follow-On Investment
December 16, 2021Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the follow-on investment in Hawk Ridge Systems, LLC ("Hawk Ridge" or the "Company") to support the Company's acquisition of a complimentary leading value-added reseller of SolidWorks software solutions and Markforged 3D printing solutions in a new geographic area that is highly complementary to Hawk Ridge's existing geographies ("Acquired Company"), and to provide financing for the Company's continued internal growth initiatives.
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Citizens Financial Group Expands M&A Advisory Team with DH Capital Acquisition
December 16, 2021Citizens Financial Group, Inc. (NYSE: CFG) today announced a definitive agreement to purchase substantially all of the assets of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications sectors. This transaction, which follows several recent moves by Citizens to add key talent and solutions, further strengthens Citizens’ growing corporate advisory capabilities.
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Ares Management Corporation Raises $2.2 Billion of Climate Infrastructure Capital
December 16, 2021Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million in related transaction vehicles.
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LiquidX Joins RiskStream Collaborative™ Blockchain Working Group to Streamline Surety Bonds Power of Attorney Verification
December 16, 2021LiquidX, the global fintech solutions provider for working capital, trade finance, and trade credit insurance, has joined The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, and will participate in a working group serving the surety industry. The aim of the working group is to streamline and digitize the power of attorney registration and verification process using blockchain technology.
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RE Royalties Provides $3 Million Financing Facility to FuseForward for Smart Infrastructure Solutions
December 15, 2021RE Royalties Ltd. (TSXV:RE) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, has entered into an agreement to provide financing to FuseForward Solutions Group Ltd. ("FuseForward"), a Vancouver based technology company that provides smart infrastructure and digital transformation solutions to utilities, real estate, health care and government industries.
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Great Rock Capital Closes $27.9MM Senior Secured Term Facility with GT Technologies
December 15, 2021Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $27.9 million senior secured term loan facility with GT Technologies (“GTT”), a manufacturer of custom-engineered valvetrain components and assemblies for the global automotive, heavy-duty truck, and off-road vehicle industries.
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Resolute Completes Amendment and Extension of Its ABL Credit Facility
December 15, 2021Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves. The facility also includes an Environmental, Social and Governance ("ESG") module with targets to be agreed upon with the bank syndicate, which upon activation will impact ABL pricing.
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SFNet Submits Comment Letter to CFPB Pertaining to Section 1071 of Dodd Frank
December 15, 2021
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Access Capital Provides $1 Million Credit Facility to Provider of Life Sciences & Engineering Talent
December 15, 2021Access Capital is pleased to announce that a new borrower has recently joined the Access Capital portfolio. The client is a provider of life science and engineering talent located in New York City. The company is a US start-up recently formed by its parent, Tempting Ventures Limited, a staffing sector focused investment firm based in the UK and led by Ryan Cleland-Bogle.
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Evolus Enters Into $125 Million Credit Facility with Pharmakon Advisors
December 15, 2021Evolus, Inc. (NASDAQ: EOLS), a performance beauty company with a customer-centric approach focused on delivering breakthrough products, today announced that it has entered into a $125 million term loan financing facility with funds managed by Pharmakon Advisors, L.P.
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Winston & Strawn Represents LAACO, Ltd.
December 15, 2021Winston & Strawn represented LAACO, Ltd. (LAACO), the owner of the Storage West brand of 59 self-storage facilities, in its sale to CubeSmart (NYSE: CUBE) for approximately $1.69 billion, which includes approximately $40.9 million of LAACO debt that will be repaid at, or shortly after, the closing. Storage West is the owner and operator of 59 self-storage assets in the highly desired western markets of Southern California (22), Phoenix (17), Las Vegas (13), and Houston (7).
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White Oak Commercial Finance Provides $15 Million Factoring Facility to Automotive Aftermarket Parts Supplier
December 15, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $15 million factoring facility to a supplier of parts for the automotive aftermarket. The transaction was structured against the company’s accounts receivable, and the proceeds will be used to support its rapid growth and working capital.
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CREtelligent Secures $10 Million Credit Facility From Espresso Capital
December 15, 2021Espresso Capital announced today that it has provided CREtelligent, a one-stop commercial real estate (CRE) due diligence platform, with a $10 million credit facility. The company will use the capital to extend its runway and make strategic investments in its ongoing growth.
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CIT Provides $6.3 Million Financing to Diamond Communications LLC
December 15, 2021CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business provided $6.3 million to refinance corporate office properties for Diamond Communications LLC.
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Public Finance Attorney Shaney B. Lokken Joins Hunton Andrews Kurth in Continued Expansion of Firm’s Atlanta Presence
December 15, 2021Shaney B. Lokken, a public finance attorney with two decades of experience representing issuers, borrowers, underwriters and purchasers in a wide range of transactions, has joined Hunton Andrews Kurth LLP as a counsel in Atlanta.
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Glass House Brands Secures US$100 Million Senior Secured Term Loan
December 15, 2021Glass House Brands Inc., one of the fastest-growing, vertically-integrated cannabis companies in the U.S., today announced that it has entered into a senior secured term loan agreement with a U.S.-based private credit investment fund for up to US$100 million with an initial draw of US$50 million.
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J.P. Morgan Global Alternatives Builds Out Private Credit Team, Doubles Commercial Mortgage Loan Assets
December 15, 2021J.P. Morgan Global Alternatives today announced the appointment of Raphael Gonzalez as a Managing Director and Senior Investment Specialist across commercial mortgage loans, infrastructure debt and direct lending.
The Secured Lender
SFNet's The Women in Secured Finance Issue



