- Honigman Expands to 14 in Israel with Technology Transactions Attorney Adam Snukal
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Varex Announces Successful Completion of Debt Refinancing
- Nexus Energy Partners Announces Expanded Credit Facility with UMB Bank
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
TSL Express Daily Articles & News
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UPDATE: New York Court of Appeals Grants SFNet Opportunity to Weigh In on Important Article 9 Case
Of particular interest to SFNet Factoring Community
On August 30, 2021, SFNet reported that it had filed papers with New York’s highest state appellate court seeking to appear as amicus curiae and to file a brief supporting a secured lender’s request for review of a problematic set of rulings that threaten to impose unique and unfounded burdens with respect to loans secured by a borrower’s accounts.
On January 11, 2022, the Court granted SFNet’s motion to appear as amicus curiae and accepted SFNet’s brief into the record in the case in connection with granting the lender’s motion for leave to appeal.
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TSL Express Daily Headlines & News
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Hercules Capital Surpasses $2.0 Billion in Annual Gross Debt and Equity Commitments for First Time in History
November 29, 2021Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47 billion.
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eCapital Corp. Names Kash Ahmad as Managing Director of New Staffing Division
November 29, 2021eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, has named Kash Ahmad as Managing Director to oversee eCapital’s newly formed Staffing Division. He will report to Dave Ciccolo, the CEO of eCapital’s Commercial Finance Division, and will lead the account management and operations teams to support the growth of the company’s staffing business.
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Matrix Announces the Successful Sale of Rusher Oil Company and Rushco Food Stores, Inc.
November 29, 2021Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of the assets of Rusher Oil Company and Rushco Food Stores, Inc. to Sampson-Bladen Oil Co., Inc. and its affiliates. Rusher Oil Company distributed Amoco and BP fuels to 19 branded convenience stores and one commissioned marketer location within a 20-mile radius of its Salisbury, North Carolina headquarters.
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Stran & Company Enters Into $7 Million Revolving Line of Credit with Salem Five Bank
November 29, 2021Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: STRN; STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced it has entered into an agreement with Salem Five Bank, providing the Company with a secured revolving line of credit with a principal amount of up to $7 million.
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Aemetis Signs Terms of $100 million of Construction and Working Capital Debt Financing
November 29, 2021Aemetis, Inc. (NASDAQ: AMTX), a renewable fuels company focused on negative carbon intensity products, announced today that it has signed a non-binding term sheet and is working towards completing $100 million of new debt financing from Third Eye Capital of Toronto, Canada. The debt financing is expected to be comprised of $50 million for carbon reduction projects and $50 million for working capital.
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ImagineSoftware™ Announces Strategic Growth Investment from Marlin Equity Partners
November 29, 2021The partnership with Marlin will focus on further accelerating Imagine's growth trajectory and expanding the company's talent and technology capabilities to continue to efficiently serve the needs of the marketplace and its customers. Post-transaction, Imagine's current investment partner, Mountaingate Capital ("Mountaingate") is exiting the company.
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Antares Supports Investment in CFGI by CVC Capital Partners Fund VIII
November 29, 2021Antares announced today that it is acting as administrative agent on senior secured credit facilities to support CVC Capital Partners Fund VIII’s (“CVC”) investment in CFGI. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle (NASDAQ: CG), co-founders and co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI.
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BOK Financial Announces Changes Within Credit, Regional Banking leadership
November 29, 2021Marc Maun has been named Regional Banking executive for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will have responsibilities for Treasury Management as well. Norm Bagwell will continue to serve as chairman and chief executive officer for Bank of Texas, leading Commercial Banking across the footprint as well as the company’s growth efforts in Texas and Arkansas. Jim Dietz will replace Maun as the company’s chief credit officer.
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Hedaya Capital is Pleased to Announce a Factoring Facility for a Canadian Oil and Gas Pipeline Services Company Projecting CAD $20,000,000 in Revenue for 2022
November 29, 2021Hedaya Capital is pleased to announce a factoring facility for a Canadian oil and gas pipeline services company projecting CAD $20,000,000 in revenue for 2022. The $2,000,000 facility allows for advances of up to 80% against accounts receivable.
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Tradecycle Capital Expands Into the Southeast Region of the US
November 29, 2021Based in Atlanta, Dennis will be expanding Tradecycle’s relationships with senior lenders and private equity sponsors to deliver Tradecycle’s unique trade payables financing program to operating companies throughout the region.
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Samuel Announces Closing of its Sustainability-Linked Revolving Credit Facility
November 23, 2021Samuel, Son & Co., Limited, a leading metals distributor and industrial products manufacturer, announced today that it has entered into its first sustainability-linked revolving credit facility agreement. This amendment to the company's bank credit facility underlines the confidence its lending partners share in Samuel's financial and sustainable performance.
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Blackhawk Growth Enters into Credit Facility for up to $10 Million
November 23, 2021The loan facility was arranged by RiverFort Global Capital Ltd. (a United Kingdom London-based firm regulated by the Financial Conduct Authority) (“RiverFort”) and funded by a regulated institutional investor (the “Investor”). The Corporation intends to utilize the proceeds from the Credit Facility to support the Corporation’s research undertaken in Trip Pharma as well as for operational and working capital purposes of Blackhawk.
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Dudick Joins Provident Bank As VP, Relationship Manager
November 23, 2021Provident Bank, a leading New Jersey-based financial institution has announced that Jessica Dudick has joined the Bank as Vice President, Relationship Manager with the Central New Jersey Commercial Lending Team.
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Brevet Capital Names Brian Chase As Chief Operating Officer
November 23, 2021Brevet Capital ("Brevet"), a leading credit investment and specialty finance firm with a dedicated focus on the government sector, today announced Brian Chase, former Founding Partner, Chief Operating Officer and Chief Financial Officer of Garrison Investment Group, has joined the firm as Chief Operating Officer. I
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Ares Management Leads $400 Million Credit Facility to CrossCountry Mortgage
November 23, 2021Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds managed by its Alternative Credit and U.S. Direct Lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage, LLC (the “Company”). Caisse de dépôt et placement du Québec (“CDPQ”), a global investment group, also participated in the financing through a wholly owned subsidiary as part of its Capital Solutions investment strategy.
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Mike Riley and Dan Thomas Named Co-Heads of Markets at Wells Fargo & Company
November 23, 2021Wells Fargo & Company (NYSE: WFC) today announced that Mike Riley and Dan Thomas have been named co-heads of the Markets division of the Corporate & Investment Bank (CIB). Riley and Thomas will lead all of CIB’s markets-driven activities, including: Asset-Backed Finance, Equities (including Equity Research and Strategy), Macro and Spread.
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Castlelake Expands Lending Team
November 23, 2021Castlelake, L.P. announced that it has expanded its Lending team with a number of experienced professionals, including Wilhelm Steinmark, European Head of Aviation Lending, Direct Structured Credit & Capital Markets; Fouad Onbargi, Managing Director, Direct Structured Credit; Chris Turner, Director, Direct Structured Credit & Capital Markets; Brian Banschick, Director, Direct Structured Credit and Ricardo De Armas, Director, Direct Structured Credit. The team is led by Armin Rothauser, Head of Lending, who joined Castlelake in 2020.
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CIBC Innovation Banking Expands New York Office with Strategic New Hires and Promotions
November 23, 2021CIBC Innovation Banking is pleased to announce the expansion of its New York City office with a series of new hires and promotions, as the group continues its strategic growth in key technology, life science, and clean tech markets in North America and the UK.
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Cambridge Savings Bank Provides GWA Auto Parts with $4M Credit Facility to Solve Inventory and Distribution Challenges
November 23, 2021Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Asset-Based Lending team provided a $4M credit facility to GWA Auto Parts (GWA), an importer, distributor and online retailer of automotive aftermarket parts, to support working capital investments as the company pursues strategic growth through catalog expansion and M&A efforts.
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Redline Communications Inc. Announces New CDN$7,000,000 Credit Facility
November 22, 2021Redline Communications Group Inc. ("Redline Communications" or the "Company") (TSX: RDL), a leading provider of mission-critical data infrastructure for remote and harsh environments, announces today it has entered into a new credit agreement (the "Credit Agreement") with Edgepoint Wealth Management ("Edgepoint") and two existing investors.
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