- Gordon Brothers Agents $200M Term Loan for Big Lots
- B. Riley Farber Expands Western Canada Restructuring Practice with Senior Hire
- OHA is Administrative Agent & Lead Left Arranger for Acentra Health’s Private Refinancing
- SFNet Instrumental in Derailment of MD Financial Disclosure Bill
- Big Lots Boosts Liquidity, Adds Borrowing Capacity with New Term Loan Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Asset-based lenders performed well overall in Q4, SFNet reports
Survey shows bank asset-based loan commitments down slightly, but rose for non-banks
The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios in 2024.
TSL Express Trending Story
Featured
SFNet's Emerging Leaders Summit Heads to the West Coast
SFNet's Emerging Leaders Summit, a dynamic conference designed to unite professionals with 6-15 years of experience in secured lending, is heading to the West Coast for the first time since its inception in 2018. The event will provide an opportunity to glean insights from seasoned titans who have navigated the intricacies of the field. Attendees can expect to engage in thought-provoking panels where industry luminaries will offer a unique perspective on both the industry and effective leadership.
TSL Express Daily Headlines & News
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WhiteHorse Finance, Inc. Appoints John P. Volpe to Its Board of Directors
April 11, 2024WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that John P. Volpe has been appointed to serve as an independent member of its Board of Directors effective April 10.
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BHI Appoints Jacob Weinstein as Head of CRE and Healthcare Teams
April 11, 2024BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, has appointed Jacob (JJ) Weinstein as Head of CRE and Healthcare.
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Zevra Therapeutics Refinances Existing Debt with up to $100M in Committed Capital under New Credit Facility
April 10, 2024Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company), a rare disease therapeutics company, today announced that it has entered into a new credit facility provided by leading biotech investors.
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$1.75 Million Asset-Based Revolving Line of Credit for Electronics Manufacturer
April 10, 2024SLR Business Credit (SLRBC) is pleased to announce the funding of a $1,750,000 ABL RLOC for an electronic board assembler and manufacturer.
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April’s heating up for Flatbay Capital: Another deal funded for a strong, family-owned business
April 10, 2024Flatbay Capital is proud to announce its second closing of April with a $2,700,000 commercial real estate purchase loan to help a Houston-based construction and restoration company acquire land for their new headquarters.
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XEN Welcomes Zahid Jethani as New CTO
April 10, 2024XEN, the cloud-based loan management platform revolutionizing the commercial lending industry, is thrilled to announce the appointment of Zahid Jethani as its new Chief Technology Officer.
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SBA opens loans for businesses hit by bridge collapse
April 10, 2024The U.S. Small Business Administration has opened a round of low-interest federal loans for small businesses in the region that may have been impacted by the Francis Scott Key Bridge collapse.
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Retailer 99 Cents Only Files for Bankruptcy, Plans to Shut Down
April 10, 2024Budget retailer 99 Cents Only filed for Chapter 11 bankruptcy protection in Delaware on Sunday, saying that it intended to close all of its 371 stores in the U.S. and sell off its real estate and remaining inventory.
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Chart Industries Announces Amended Revolving Credit Facility
April 10, 2024Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.
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Flatbay Capital Lends $750,000 to a Houston-based Trucking Company
April 10, 2024Flatbay Capital is proud to close a commercial real estate purchase loan for a minority women owned trucking company, secured by 10 acres of commercial land to be used as their future headquarters.
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J D Factors Provided $8,725,000 in new Factoring Facilities to 30 new Clients in March
April 10, 2024J D Factors provided $8,725,000 in new factoring facilities to 30 new clients in the US and Canada during the month of March.
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Gordon Brothers Promotes Joe Massaroni to Managing Director, Eastern Regional Sales Manager
April 10, 2024In his new role, Massaroni leads the eastern regional business development team. He will continue to work closely with asset-based lenders, private equity sponsors and corporate management teams in the Southeast to help them understand valuation trends, changing methodologies, industry-specific issues and the underlying value of assets.
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Gridiron Capital Promotes Kirk Wawrzyniak to Vice President
April 10, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Kirk Wawrzyniak has been promoted to Vice President.
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Chicago Atlantic Closes $20 Million Facility with Nova Farms
April 10, 2024Chicago Atlantic has deployed a $20 million facility in senior secured financing to Nova Farms, a fully integrated cannabis operator managing a Massachusetts cultivation farm, seven retail brands, and five full-service dispensaries across Massachusetts, Maine, and New Jersey.
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Peapack Private Announces New York City Expansion
April 10, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, boldly continue to move into New York City with the hiring of Andrew F. Corrado and more than 10 teams of commercial and private bankers.
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Houlihan Lokey Continues Expansion of Its Capital Markets Group With Senior Hire
April 10, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Schwartz has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Schwartz will support and enhance the firm’s private capital financing efforts across all industry verticals.
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Hilton Grand Vacations Successfully Reprices Term Loan B
April 10, 2024Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 250 basis points, down from SOFR plus 275 basis points. Additionally, the credit spread adjustment for the Term Loan B has been removed.
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Legacy Corporate Lending Provides $25 Million Asset-Based Credit Facility to Fairway Lumber
April 10, 2024Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $25 million asset-based credit facility to Fairway Lumber Co. Inc. The financing, finalized in March 2024, underscores Legacy's commitment to delivering tailored financial solutions to middle market companies across diverse industries.
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Chart Industries Announces Amended Revolving Credit Facility
April 8, 2024Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion.
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Mesa Labs Announces Amendment to Credit Facility and Repurchase of Senior Convertible Notes
April 8, 2024Mesa Laboratories, Inc. (NASDAQ:MLAB) (we, us, our, “Mesa” or the “Company”) today announced the closing of its Amended and Restated Credit Agreement (the “Credit Agreement”), which provides up to $200 million of senior secured debt through a syndicate of banks led by JPMORGAN CHASE BANK, N.A. The Credit Agreement includes a $75 million senior secured term loan facility (the “Term Loan”) and a $125 million senior secured revolving credit facility (the “Revolver”), both of which mature in April 2029.
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The Secured Lender
SFNet's The Women in Secured Finance Issue