- Caris Life Sciences Secures Up to $1.2 Billion in Senior Secured Financing Led by Blue Owl and Blackstone
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Concord Serves as Exclusive Financial Advisor for $13.75MM in Senior Credit Facilities for a Higher Education Institution
- JPalmer Collective Expands Team with Jonathan Joubran in Business Development Officer Role
- Market Sizing Study
TSL Express Daily Articles & News
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Aleafia Health Announces Closing of a New $19 Million Credit Facility and Extension of Existing Credit Facility
Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce the closing of a credit facility of up to $19 million (the “Credit Facility”). The Credit Facility is financed by the Garrington Group of Companies, a Toronto-based private lender providing working capital financing to the underserved, small to mid-sized middle market sector across North America, providing credit facilities that generally range from $1 million to over $30 million. It consists of a revolving receivables facility of up to $7 million and a term loan of $12 million.
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Citizens Advises AcctTwo on its Acquisition by Baker Tilly
October 6, 2021Citizens M&A Advisory announced today that it served as the exclusive financial advisor to AcctTwo Shared Services, LLC, a provider of financial management software and solutions, on its acquisition by Baker Tilly US, LLP. AcctTwo delivers curated and tightly integrated technology stacks of third-party and proprietary, vertically focused software solutions that automate and enhance the customer’s finance and accounting function.
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Encina Lender Finance Provides $35mm Senior Credit Facility To Speed Leasing, A Portfolio Company Of 777 Partners
October 5, 2021Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $35 million senior credit facility to Speed Leasing Company, LLC (“Speed Leasing”), a technology-enabled, specialty finance company engaged in originating and servicing used motorcycle leases to consumers.
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Marathon Digital Secures $100M Revolving Line of Credit With Silvergate Bank
October 5, 2021Marathon Digital Holdings (Nasdaq: MARA) has secured a $100 million revolving line of credit with Silvergate Bank in bitcoin and U.S. dollars. The loan, which was secured on Friday, will be used to fund the company’s bitcoin mining operations and to acquire new equipment.
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Secured Finance Network Elects New 2022 Leaders
October 5, 2021The Secured Finance Network (SFNet) has announced its new Executive and Management Committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education on behalf of this international secured finance industry trade group.
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Allen & Overy Adds Partner Ilona Potiha, Further Strengthening U.S. Leveraged Finance Practice
October 5, 2021Allen & Overy today announced that Ilona Potiha has joined the firm as a partner in its U.S. Leveraged Finance practice, based in New York. Ilona joins from Davis Polk & Wardwell where she was most recently counsel, helping to develop the firm’s leveraged finance designation platform. Ilona brings almost a decade of experience representing lenders, financial institutions, and borrowers on a wide range of financing transactions, having begun her career advising on leveraged finance and private equity transactions at Ropes & Gray.
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Triumph Business Capital Appoints Rob Wright As Chief Product Officer
October 5, 2021Triumph Business Capital, a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group and provider of working capital financing solutions to small and medium-sized business, announced today the appointment of Rob Wright as chief product officer. Wright will report to chief executive officer, Geoff Brenner.
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Republic Provides a $5.50m Ledgered Line of Credit for a Gulf Region-Based Food Service Company
October 5, 2021Republic provided a $5m ledgered line of credit facility with a $500,000 purchase order call facility to a Gulf Region-based food service company. Republic’s funding will enable the company to buy more bulk inventory, hire additional staff and increase the number of school districts they can support each school year. Republic structured the ledgered factoring facility to allow for rapid growth without any financial covenants or field exam requirements.
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The Portico Home Furnishings and Products Brand is for Sale
October 5, 2021Hilco Streambank, a market leading advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is marketing for sale the intellectual property of Portico, the beloved home furnishings, amenities and linens brand, including its trademarks, domain names and social media assets.
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Winston & Strawn LLP Represents Classic Cars, LP
October 5, 2021Winston & Strawn LLP represented Classic Cars, LP in its sale of Classic BMW to Sewell Automotive Companies, a private, family owned and operated dealership group. The transaction included a BMW dealership franchise and a MINI dealership franchise at the same location in Plano, Texas.
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J D Factors Announces Factoring Facilities
October 5, 2021J D Factors announced it provided the following factoring facilities: $500,000 to a transportation company in Quebec; $150,000 to a transportation company in Texas; $200,000 to a transportation company in New Jersey; $250,000 to a transportation company in Nova Scotia
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Oxford Finance Closes Credit Facility with Endodontic Practice Partners
October 5, 2021Oxford Finance LLC ("Oxford"), a leading specialty finance firm focused on healthcare services and life sciences companies worldwide, today announced the closing of a senior credit facility and revolving line of credit to Endodontic Practice Partners ("EPP" or "the Company"), a River Cities Capital ("River Cities") portfolio company.
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BrandShield Secures Credit Facility With Leumi Bank
October 5, 2021Brand protection technology company BrandShield Systems has entered into an agreement with Leumi Bank to provide a revolving monthly recurring revenue (MRR) credit line facility of up to NIS 8m (£1.8m), it announced on Monday. The AIM-traded firm said the two-year new debt facility, which could be extended upon request, included a "competitive" interest rate, and no associated requisite equity instruments or warrants.
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Renewable Energy Group Increases Line of Credit to $250 Million
October 5, 2021Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that the company has extended and increased its line of credit with Wells Fargo Capital Finance, a division of Wells Fargo Bank, Fifth Third Bank, and Bank of America to a maximum of $250 million. This is a five-year extension through September 2026 of the company’s existing line of credit that was previously in the maximum amount of $150 million and would have matured at the end of September 2021.
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Cynergy Bank Announces ABL Offering To SMEs
October 5, 2021Cynergy Bank has announced that is has developed an asset-based lending (ABL) offering for SME businesses that want to scale up and grow, providing between £200,000 and £20m. The new team consists of Dave Golding, Ted Winterton, Dan Burton and Paul Fraser, all based in Manchester.
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TAB Bank Welcomes New Vice President, Business Development for the Upper Midwest Region, Scott Franzen
October 5, 2021TAB Bank today announced that Scott Franzen will join its Sales Team as a Vice President and Business Development Officer. In this role, Franzen will be responsible for sourcing new business opportunities in the upper Midwest region. Based in Albertville, Minnesota, Franzen will provide asset-based and factoring working capital resources to commercial businesses throughout northern Midwestern states with annual revenues ranging from $2 million to $150 million.
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Taseko Mines Announces New US$50 Million Revolving Credit Facility and Update on Florence Copper Permitting
October 5, 2021Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that it has signed a US$50 million Revolving Credit Facility (the "Facility"). The Facility, which is arranged and fully underwritten by National Bank of Canada, will be available for working capital and general corporate purposes.
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MidCap Business Credit Closes on a $3,500,000 Asset-based Revolving Line of Credit for Momenta, Inc.
October 4, 2021The opportunity was sourced out of Midcap’s headquarters located in West Hartford, CT. Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to structure a credit facility which provided the company with the additional liquidity they need to execute on their strategic plan and support their growth”.
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Teacher Retirement System of Texas and CIFC Create a Fund Platform to Invest in Senior Secured Loans
October 4, 2021Teacher Retirement System of Texas (“TRS”) and CIFC Asset Management LLC (“CIFC”) have announced the creation of a new leveraged loan investment fund platform known as Texas Debt Capital LP (“TDC”). A CIFC affiliate is the general partner and investment manager of TDC. TRS is the anchor investor limited partner and has committed significant equity to the fund. The fund will initially provide for up to $2 billion loan purchasing capacity in U.S. and Europe.
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Winston & Strawn LLP Represents Ranger Energy Services, Inc.
October 4, 2021Winston & Strawn LLP represented Ranger Energy Services, Inc. (NYSE: RNGR), an independent provider of well service rigs and associated services in the United States, in the closing of its previously announced acquisition of certain assets of Basic Energy Services, Inc. and its subsidiaries through its controlled subsidiary Ranger Energy Acquisition, LLC. The assets were sold by Basic as part of its bankruptcy process. The agreement to purchase the assets was approved by the United States Bankruptcy Court on September 23, 2021.
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Glass Mountain Announces Entry Into Restructuring Support Agreement With Over Two-Thirds of Lenders to Effectuate Comprehensive Balance-Sheet Restructuring
October 4, 2021Glass Mountain Pipeline Holdings LLC (the “Company” or “Glass Mountain”) announced today that, with the support of its equity sponsor GEPIF Glass Mountain Pipeline LLC (the “Sponsor”) and lenders holding 66.97% of the Company’s revolving and term loans (the “Consenting Lenders”), it has entered into a Restructuring Support Agreement (the “RSA”) that provides for the elimination of over $230 million in debt from the Company’s balance sheet and a $45 million investment from the Sponsor.
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