- Great Rock Capital Delivers $1.2 Billion in New Capital Commitments Since 2024
- Haversine Funding Closes More Than $40 Million in New Lender Finance & Participation Transactions
- GA Group Acquires Family Law Litigation Support Practice Trampe Settles, Expanding Financial Advisory Services Platform
- Access Capital Expands Credit Facility for Alpine Solutions Group
- PaleBlueDot AI Closes US$255 Million Credit Financing to Accelerate Agentic AI Infra Expansion
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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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.
TSL Express Trending Story
TSL Express Daily Headlines & News
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Lakeland Bancorp, Inc. and 1st Constitution Bancorp Announce the Receipt of FDIC and New Jersey Approvals in Connection with Proposed Merger
November 8, 2021Lakeland Bancorp, Inc. (“Lakeland”) (NASDAQ: LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp (“1st Constitution”) (NASDAQ: FCCY), the parent company of 1st Constitution Bank, announced today the receipt of Federal Deposit Insurance Corporation and New Jersey Department of Banking and Insurance approval in connection with the proposed merger of 1st Constitution with and into Lakeland.
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First Internet Bank Expands Arizona Commercial Banking Team
November 8, 2021irst Internet Bank announced the hiring of Vice President of Commercial Banking, Ryan Hasher. Mr. Hasher joins First Internet Bank’s Arizona-based commercial banking team, reporting to Regional Vice President Neil Barna.
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FTI Consulting Commits to Net-Zero Greenhouse Gas Emissions by 2030
November 8, 2021The Company will identify emission reduction targets for Scope 1 and Scope 2 emissions, as well as business travel, in 2022 and intends to work toward having these goals validated by the Science Based Targets initiative (“SBTi”). The commitment was made as part of FTI Consulting’s inaugural Corporate Sustainability Report, which explains the Company’s approach to its environmental, social and governance (“ESG”) risks and opportunities, programs, policies, practices and goals.
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GeminiBio Secures Financing from BroadOak Capital Partners
November 8, 2021Gemini Bioproducts, LLC ("GeminiBio"), a leading manufacturer of cell culture products and custom cGMP bioprocess liquids, announced today that it has secured financing from BroadOak Capital Partners, LLC ("BroadOak"), a boutique direct investment and advisory firm focused on life science research tools and diagnostics. The transaction with BroadOak provides GeminiBio additional capital to expand its cGMP liquid manufacturing facility.
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Amerisource Closes $10,000,000 Credit Facility for Water Services Firm
November 8, 2021Amerisource Business Capital announced the closing and funding of a $10,000,000 senior credit facility and real estate term loan for a Texas based water infrastructure, treatment and recycling firm. The proceeds were used to help fund an acquisition and to support their ongoing working capital needs.
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BHI Commercial and Industrial Group Closes $1.1 Billion in 2021 Financing Transactions
November 8, 2021BHI, a full-service commercial bank, announced that its Commercial and Industrial Group has closed $1.1 billion in transactions year-to-date 2021. BHI’s C&I Group handles financing for commercial and industrial companies in the middle market and encompasses sectors including private equity, food and beverage, Israeli business, technology, corporate banking, and project finance renewable energy across the bank’s markets in New York, New Jersey, Florida and California.
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Moritt Hock & Hamroff Included In U.S. News & World Report –Best Lawyers® 'Best Law Firms' 2022 Edition
November 8, 2021Moritt Hock & Hamroff has been ranked as a Tier 1 in the 2022 U.S. News & World Report - Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 4 practice areas.
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TradeCap Partners Provides $10 million PO Funding Solution for Midwest Steel Distributor
November 8, 2021TradeCap Partners recently closed a $10 million PO funding solution for a Midwest based distributor of rolled steel. The trade finance solution allowed the Company to capitalize on significant customer demand brought on by lack of supply and limited allocation from US steel mills.
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Sallyport Announces $1.6 Million in Financing for Canadian Manufacturer
November 8, 2021Sallyport is excited to announce a $1,600,000 accounts receivable facility for a growing Canadian manufacturer in the agricultural space. The client was referred to Sallyport by a broker, and although there were other providers vying for the business, the client ultimately favored Sallyport’s responsiveness and flexible approach to finding a solution that worked for them.
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Wolters Kluwer Compliance Solutions Announces Hires
November 8, 2021Shane Martin has joined Wolters Kluwer Compliance Solutions as Digital Mortgage Sales Director, responsible for the growth of the company’s end-to-end digital lending platform. Wolters Kluwer Compliance Solutions has named Jennifer “Jenn” Reid Digital Lending Sales Director to advance awareness of Wolters Kluwer end-to-end digital lending capabilities—delivered through its eOriginal open platform—to financial institutions in the mortgage, auto, consumer and commercial lending markets.
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Farm Bureau Bank Hires Gary Armstrong as Chief Commercial Banking Officer, Focuses on Expanding Commercial Banking
November 8, 2021Farm Bureau Bank is announcing the addition of Gary Armstrong as the Chief Commercial Banking Officer. In this role, Armstrong will focus on enhancing and expanding the Bank's Commercial Banking platform.
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NewLake Capital Partners Provides $30 Million to Hero Diversified Associates, Inc.
November 8, 2021ewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced it has provided a nine-month senior secured loan to Hero Diversified Associates, Inc. (“HDAI”), which owns a state-licensed grower and processor of medical marijuana in Pennsylvania.
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Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance
November 8, 2021Viracta Therapeutics, Inc. (Nasdaq: VIRX), a precision oncology company primarily focused on targeting virus-associated malignancies, today announced that the Company has entered into a loan and security agreement with Silicon Valley Bank (SVB) and Oxford Finance LLC (Oxford) for up to $50.0 million. In connection with the $50.0 million credit facility, the Company and SVB agreed to terminate the Company's prior $15.0 million loan and security agreement and the existing $5.0 million debt balance was refinanced.
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J D Factors Announces Factoring Facilities
November 8, 2021J D Factors announced it provided the following factoring facilities: $175,000 to a transportation company in Illinois; $300,000 to a transportation company in Oklahoma; $75,000 to a staffing company in Quebec.
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Houlihan Lokey Expands Its Chemicals Coverage Capabilities With Senior Hire
November 8, 2021Houlihan Lokey (NYSE:HLI), the global investment bank, announced that David Schneider has joined the firm as a Managing Director in the Industrials Group. He is based in New York and will bolster Houlihan Lokey’s coverage of the chemicals sector.
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OceanFirst Financial Corp. and Partners Bancorp Announce Merger Agreement
November 8, 2021Raymond James & Associates, Inc. served as financial advisor to OceanFirst and Skadden, Arps, Slate, Meagher & Flom LLP served as OceanFirst’s legal counsel. Piper Sandler Companies served as financial advisor to Partners and Troutman Pepper Hamilton Sanders LLP served as Partners’ legal counsel.
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First Financial Bank Names David Bailey as Executive Vice President for Commercial Banking
November 8, 2021First Financial Bank, N.A. has promoted David Bailey to Executive Vice President for Commercial Banking, a newly created position within the bank. The announcement was made by Scott Dueser, Chairman, President & CEO, of First Financial Bankshares, Inc., at the quarterly meeting of the presidents last week.
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American Equity Commits $1 Billion To Monroe Capital’s Software, Technology And Recurring Revenue (“Starr”) Investment Strategy Through A Strategic Partnership
November 8, 2021American Equity Investment Life Holding Company (“American Equity”) (NYSE: AEL), a leading provider of financial dignity solutions through general account annuities for individual clients in the United States and Monroe Capital LLC (“Monroe”), a premier boutique $11.2 billion asset management firm specializing in private credit, announced today a $1 billion investment in Monroe Capital’s dedicated technology lending platform focusing on middle market Software, Technology and Recurring Revenue (“STARR”) loans originated and underwritten by Monroe.
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36th Street Closes $14 Million Financing for Medical Services Provider
November 8, 2021“The risk profile of this transaction did not fit well within the balance sheet of our bank originations partner” said Mark Horan, Chief Growth Officer. “We’re excited that we were able to work well together to meet the equipment financing needs of their client.”
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Slowing Bankruptcy Filings Could Signal Flurry Ahead
November 8, 2021With bankruptcy filings dropping across industries in the third quarter of 2021, professionals expect a wave of activity over the next year, as seen in the newest Polsinelli-TrBK Distress Indices Report. The report’s overall filing numbers are at the lowest point since the benchmark period – nearly 11 years ago.
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