- eCapital and AtoB Partner to Deliver Integrated Fuel Savings and Digital Payment Solutions for Transportation Clients
- Citizens Q3 2026 Business Pulse: Half of Small Business Owners See Growth Ahead Despite Concerns About the Economy
- EBSC Lending Structures $43 Million Construction Loan for 152-Unit Senior Housing Development in Rochester, New York
- Virtu Completes Incremental First Lien Term Loan
- Access Capital Expands Credit Facility for Alpine Solutions Group
TSL Express Daily Articles & News
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Wingspire Capital Exceeds $1 Billion In Commitments After Just Two Years Of Operations
Wingspire Capital LLC (“Wingspire”) achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021.
Wingspire’s 2021 transactions ranged in size from $40 million to $200 million and included tailored “one-stop” financing solutions such as revolving lines of credit, cash flow loans, fixed asset term loans and other hybrid financing solutions.
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NMI Holdings, Inc. Amends and Extends Revolving Credit Facility, Expanding Lender Group and Increasing Capacity to $250 Million
November 30, 2021J.P. Morgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and Truist Securities, Inc. served as joint lead arrangers on the transaction, with additional commitments made by Bank of Montreal, Goldman Sachs Bank USA and U.S. Bank National Association.
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Siena Lending Group Provides Over $58 Million For A New Credit Facility To Biodiesel Producer
November 29, 2021Siena Lending Group LLC ("Siena"), a leading asset-based lender, today announced the completion of a three-year asset-based revolving credit facility for a family‐owned and operated Biodiesel Producer. The facility consists of a $50 million revolver and an $8.2 million term loan.
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Synovus Names Tom Dierdorff Head of Corporate & Investment Banking
November 29, 2021Synovus Bank today announced the appointment of Tom Dierdorff as its new Head of Corporate & Investment Banking (CIB), effective November 29. Dierdorff most recently served as managing director and group head of financial services for Regions Bank and Regions Securities.
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SFNet Continues to Express Concerns About the EIDL Program with Relevant Officials
November 29, 2021In addition to United States Rep. Luetkemeyer, this includes Reps. Barr (Financial Services), Garcia (Appropriations) and Meuser (Small Business) and Mr. Daniel Krupnick, Senior Advisor to SBA Administrator Isabel Guzman, who have all indicated support for our position that the EDIL program should be terminated and, at a minimum, fixed to address the inequities in the administration of the program.
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Cross-Border M&A Team Joins Dorsey’s New York Office
November 29, 2021Dorsey & Whitney has boosted its Cross-Border and Merger & Acquisition Practices with two experienced attorneys in its New York office. Michael Budabin has joined as a Partner along with Marc Kushner as a Partner and Head of U.S. M&A under the leadership of M&A Co-Chairs Bill Jonason and Layne Smith. Kushner and Budabin are well-known and well-respected cross-border mergers & acquisitions attorneys and have particular expertise in transactions involving representations and warranties insurance (RWI). Budabin will also serve as head of Dorsey’s new Transactional Risk Insurance Group.
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Gordon Brothers Provides SPM Toys Trading GmbH Secured Term Loan to Acquire Intellectual Property Rights & Assets from Spiele Max GmbH
November 29, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has provided SPM Toys Trading GmbH a secured term loan to purchase the intellectual property rights and assets of German retailer Spiele Max GmbH.
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Sun Valley Raisins Engages BizCap®, Secures $15 Million in Financing
November 29, 2021BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.
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eCapital Provides $6.5MM Asset Based Lending Credit Facility to California-Based Food and General Products Distributor
November 29, 2021eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative finance provider for small and medium-sized businesses, today announced the issuance of a $6,500,000 asset-based lending credit facility to a California-based food and general products distributor.
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Winston & Strawn Represents Vahanna Tech Edge Acquisition I Corp.
November 29, 2021Winston & Strawn represented Vahanna Tech Edge Acquisition I Corp. (the “Company”) in its initial public offering of 20,010,000 units, including 2,610,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit. Vahanna Tech Edge Acquisition I Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
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Austin Financial Services Funds $1.5MM ABL Facility to Oil & Gas Billing Services Company
November 29, 2021Austin Financial Services, Inc. (AFS) recently funded a $1,500,000 ABL credit facility comprised of an AR revolver. Based in the Southeast region, the Company operates as a billing services company providing services for the oil/gas exploration and production industry.
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MidCap Business Credit Closes on a $6,000,000 Asset-based Credit Facility for a Camwood Capital Group Portfolio Company
November 29, 2021MidCap Business Credit announced today they have closed on a $6,000,000 asset-based credit facility for a Camwood Capital Group portfolio company, Texas Contract Manufacturing Group (“TCMG”), and TCMG’s wholly owned subsidiaries, Lor-Van Manufacturing, Inc., and Apex Machining, Inc.
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Greystone Provides $8.3 Million in Acquisition Financing for Colorado Apartment Complex
November 29, 2021Greystone, a leading national commercial real estate finance company, has provided an $8.3 million bridge loan for the acquisition of The Reserve Apartments, an 87-unit multifamily property in Colorado Springs, CO. The transaction was originated by Dale Holzer, Managing Director at Greystone.
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KBR Enhances its Capital Structure and Financing Flexibility
November 29, 2021KBR (NYSE: KBR) announced today that on November 18, 2021, the company successfully closed the fifth amendment to its credit agreement dated April 25, 2018, as previously amended. Following a strategic shift in the company's business mix, consistent performance against long-term financial targets, improvement in corporate credit ratings, and the continued resolution of legacy matters, the amendment measurably improves the company's flexibility and reduces its debt service cost.
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CIT Serves as Coordinating Lead Arranger for $210 Million Financing for Brazoria West Solar Project in Texas
November 29, 2021CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas. Located in the Greater Houston power market Brazoria West Solar Project is a utility-scale solar project with 260 megawatts of direct current generation capacity. Construction is underway, with commercial operation planned for 2022.
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Gordon Brothers and J.P. Morgan Provide Myer $215M Asset-Based Lending Facility
November 29, 2021Gordon Brothers, the global advisory, restructuring and investment firm, and J.P. Morgan have agreed to provide Myer a A$215 million, four-year asset-based lending facility to refinance its existing credit facilities, support strategic initiatives and provide day-to-day liquidity.
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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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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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