- Varex Announces Successful Completion of Debt Refinancing
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- MidCap Financial Closes a Senior Secured Credit Facility to Mejuri
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
TSL Express Daily Articles & News
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Rosenthal Launches Pipeline™, A New Division Geared Exclusively Towards High-Growth Direct-To-Consumer and E-Commerce Businesses
Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced the launch of Pipeline, a new e-commerce growth capital resource tailor-made for savvy entrepreneurs and founders looking for an extra edge to keep their brands charging forward.
Family-owned and independent, Rosenthal leverages its rich 83-year-old heritage and extensive expertise in financing businesses of all kinds with an eye toward the future and the changing e-commerce landscape. Pipeline adds a range of new customized capital offerings to Rosenthal’s arsenal designed specifically for direct-to-consumer brands to fill the gaps where venture capital and equity cannot.
Family-owned and independent, Rosenthal leverages its rich 83-year-old heritage and extensive expertise in financing businesses of all kinds with an eye toward the future and the changing e-commerce landscape. Pipeline adds a range of new customized capital offerings to Rosenthal’s arsenal designed specifically for direct-to-consumer brands to fill the gaps where venture capital and equity cannot.
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Olympic Steel Announces Completion of Amendment and Extension of Credit Facility
June 17, 2021Bank of America, N.A. is the Administrative Agent and Joint Lead Arranger. BofA Securities, Inc. is the Joint Bookrunner. Wells Fargo Bank, National Association is the Joint Lead Arranger, Joint Bookrunner and Syndication Agent. Keybank National Association is the Documentation Agent.
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FocalPoint Advises Hatteras Yachts on its Sale to the White River Marine Group, an Affiliate of Bass Pro Shops
June 17, 2021The White River Marine Group (“White River” or the “Buyer”), a Bass Pro Shops affiliate, has announced the successful acquisition of Hatteras Yachts (“Hatteras” or the “Company”) from affiliates of Versa Capital Management, LLC (“Versa”). FocalPoint Partners, LLC (“FocalPoint”) served as the exclusive financial advisor to the Company.
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Winston & Strawn Represents Petros PACE Finance, LLC
June 17, 2021Winston & Strawn represented Petros PACE Finance, LLC, the leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, in the $89,000,000 C-PACE transaction for the iconic 111 Wall Street building in the first ever C-PACE deal completed as part of New York City's recently launched C-PACE program.
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CIT Provides $42.8 Million Financing for Tampa Apartment Complex
June 17, 2021CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida. The 264-unit multifamily complex known as the Lola Apartments was completed in 2018. Amenities include elevators, a 24-hour fitness facility, clubhouse, game room and resort-style pool. The buyer is an affiliate of Asia Capital Real Estate (ACRE), an experienced owner-operator of multifamily residential properties.
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Ruth Jacks Named Data and Transformation Leader for Wells Fargo Commercial Banking
June 17, 2021Wells Fargo & Company (NYSE: WFC) today announced that Ruth Jacks has been named head of Data and Transformation for Commercial Banking. She joined the company June 14 and reports to Perry Pelos, head of Commercial Banking.
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U-Haul Co. of West Virginia Commences Financial Restructuring with Support of U-Haul International
June 17, 2021U-Haul Co. of West Virginia (the "Company") today announced it has filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of West Virginia. The Company serves do-it-yourself moving and self-storage customers in West Virginia and small parts of Kentucky, Virginia and Ohio.
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HSBC USA Expands Sustainable Finance Offering with Sustainability-Linked Loans for Commercial Banking Clients
June 17, 2021HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, today announced that it is offering Sustainability-Linked Loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support a more sustainable, resilient and prosperous world. HSBC SLLs are available in a variety of corporate loans and credit facilities, with terms linked to pre-determined sustainability performance targets (SPTs). Achieving SPTs results in a lower interest expense, effectively bringing financial incentives to the borrower’s sustainability strategy.
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Intertape Polymer Group Successfully Completes Refinancing of $600 Million Credit Facility
June 16, 2021Intertape Polymer Group Inc. (TSX:ITP) (“IPG” or the “Company”) today announced a new five-year $600 million credit facility (the “Credit Facility”) pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America, N.A., as Administrative Agent, and BofA Securities, Inc., BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., The Toronto-Dominion Bank, and Capital One, National Association, as Joint Lead Arrangers and Joint Bookrunners.
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Monroe Capital Supports Golden Gate Capital’s Acquisition of Securly, Inc.
June 16, 2021Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Securly, Inc. (“Securly”) by private equity sponsor Golden Gate Capital. Founded in 2012 and based in San Jose, CA, Securly is an end-to-end student safety and device management platform serving more than 10 million students globally across 2,500 K-12 school districts.
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Panagram Structured Asset Management Announces Launch
June 16, 2021Panagram Structured Asset Management (“Panagram”), an Eldridge business and an SEC-registered investment adviser (“RIA”) specializing in structured credit, today announced its launch. Panagram currently oversees approximately $13.5 billion in assets under management.
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PacWest Bancorp Hires Angela Kelley As EVP, General Counsel And Corporate Secretary
June 16, 2021PacWest Bancorp (Nasdaq: PACW) (the "Company"), announced today the hiring of Angela Kelley as their new EVP, General Counsel and Corporate Secretary. She will also serve as the EVP, General Counsel for Pacific Western Bank, the wholly-owned banking subsidiary of the Company. Mrs. Kelley comes to the Company with over a decade of legal experience primarily in the banking and finance sectors.
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America First Multifamily Investors, L.P. Obtains New $40 Million Line of Credit
June 16, 2021America First Multifamily Investors, L.P. (NASDAQ: ATAX) (“ATAX”) announced today that on June 11, 2021, it closed on a secured revolving Line of Credit facility (“LOC”) of up to $40 million with two lenders, BankUnited N.A. and Bankers Trust Company. BankUnited N.A. also serves as sole arranger and administrative agent. The LOC is secured by ATAX’s equity investments in its Vantage properties portfolio, a first mortgage on its Suites on Paseo MF Property and a bank account held at BankUnited, N.A.
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California Bank of Commerce Provides $4MM Credit Facility with Porcelain Wholesale Reseller
June 16, 2021California Bank of Commerce (CBC) announces the completion of a $4 million asset-based revolving credit facility with a wholesale reseller of porcelain cookware and dinnerware. CBC was initially engaged as the business sought to establish a relationship with an Asset Based Lender better suited to help it navigate its current credit needs and future plans. The credit facility will be used to pay off an existing facility with an incumbent lender and to support accounts receivable and inventory.
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Fifth Third Business Capital Provides $4.5 Million in New Working Capital for World Class Technology Corp.
June 16, 2021World Class Technology Corporation (WCT) designs, manufactures, and markets a full line of proprietary orthodontic products, including self-ligating bracket systems, wires, elastics, buccal tubs, and other orthodontic supplies under its OC Orthodontics brand. WCT and its majority investor, Caltius Equity, requested that Fifth Third refinance existing debt facilities to provide for working capital to fund continued growth and future dividend distributions.
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Kate Farms Closes $30 Million Credit Facility With Pacific Western Bank
June 15, 2021Kate Farms®, the market leader bringing plant-based nutrition into healthcare, announced today that the company has secured a $30 million senior credit facility with Pacific Western Bank to help fuel the company's further growth and expansion. The transaction follows Kate Farms' recent Series B funding round totaling $60 million and led by Goldman Sachs Asset Management, Kaiser Permanente Ventures and Main Street Advisors.
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CIT Serves as Sole Lead Arranger on $33.2 Million Financing for Brooklyn Medical Office Building
June 15, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, New York. The class A medical office building is located at 902 Quentin Road, Brooklyn. Built in 2013, it features eight stories of medical office and academic space and an on-site parking garage.
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Audax Private Debt Provides Financing to Support MSouth Equity Partners’ Investment in Summit Spine & Joint Centers
June 15, 2021Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centers (“Summit” or the “Company”) by MSouth Equity Partners (“MSouth”), an Atlanta-based private equity firm.
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Wingspire Capital Provides $40 Million Revolver to Corsicana Mattress Company
June 15, 2021Wingspire Capital LLC (“Wingspire”) has provided a $40 million senior secured revolving credit facility to Corsicana Mattress Company as the mattress manufacturer repositions itself for growth. The revolver is part of a broader recapitalization that included the acquisition of Symbol Mattress, which allows Corsicana to further diversify its product offering. Corsicana designs and produces handcrafted mattresses in the United States under brand names including American Bedding, Renue and Nightsbridge.
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Hilco Global and Gordon Brothers Launch New Retail Store Called Shopper’s Find in Former Lord & Taylor Locations
June 15, 2021Hilco Global, the world’s preeminent financial services organization, announced today that its Hilco Retail Solutions platform, in a joint venture with Gordon Brothers, has been working with HBC to launch Shopper’s Find, a new retailer that is opening in former Lord & Taylor locations. Shopper’s Find is the department store for every shopper, offering savings of up to 60% off apparel for women, men, and children, fine jewelry, cosmetics, fragrances, handbags, footwear, designer furs & accessories, home décor, rugs, furniture, small appliances, mattresses, and much more.
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Amerisource Closes $1,500,000 Credit Facility for Video Production Firm
June 15, 2021Amerisource Business Capital announced the closing and funding of a $1,500,000 senior credit facility for a New York based video production firm. The proceeds were used to support the company’s growth.
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