- H.I.G. Capital Expands Its Capital Formation Team with the Addition of Tim Hsu and Chris Todisco
- Citizens Adds Doug Brockway to Lead Cybersecurity and Infrastructure Software Investment Banking
- Amerisource Business Capital Closes NAV Revolving Credit Facility for Texas-Based Independent Sponsor
- Cornerstone Research Announces New Senior Vice President Promotions
- SLIM Capital Launches SLIM to WIN, a First-of-Its-Kind Interactive Pricing Tool for Equipment Finance Originators
TSL Express Daily Articles & News
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Bridge Bank Issues $10 Million Asset-based Line of Credit to Shippabo
SAN JOSE, Calif., Oct. 28, 2021 /PRNewswire/ -- Bridge Bank today announced that its Capital Finance Group has issued a $10 million asset-based line of credit to Shippabo, a cloud-based supply chain-management platform serving the shipping and logistics industries.
Shippabo, based in Los Angeles, will use the asset-based line of credit to support working capital needs and finance its growth. Shippabo is a logistics technology company that has developed an online freight management application that helps import and export companies control their shipping process.TSL Express Trending Story
TSL Express Daily Headlines & News
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Winston & Strawn Represents Oppenheimer & Co.
August 3, 2021Winston & Strawn represented Oppenheimer & Co. as sole underwriters counsel in connection with Williams Rowland Acquisition Corp. (the “Company”), a newly organized blank check company incorporated as a Delaware corporation and led by Co-Chief Executive Officers, David “Tiger” Williams and Jonathan Rowland, in its initial public offering of 20,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of the common stock of the Company and one-half of one redeemable warrant.
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Business Capital Delivers Financing for Deerfield Ranch Winery
August 3, 2021BizCap® (Business Capital since 2002) structured and secured $10 Million in real estate financing for Deerfield Ranch Winery (DRW), an award-winning organic winery producing 15,000 cases annually. Family owned and operated since 1982, DRW is located in the heart of Sonoma Wine Country with a unique wine cave tasting room experience and production facility located on 47-acres with frontage on the scenic Sonoma Highway – one of the most traveled wine country roads in the world with some of the most well-known and sought-after wineries.
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Cantor Fitzgerald Income Trust, Inc. Secures Credit Facility up to $200 Million and Acquires Office Complex in Cupertino, CA
August 2, 2021Cantor Fitzgerald Income Trust, Inc. (CFIT), an institutionally managed NAV REIT, announced that its wholly owned operating partnership secured a new $100 million revolving credit facility with an accordion feature up to $200 million.
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Aeroméxico will enter mediation to discuss final valuation materials under the DIP Financing
August 2, 2021Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that, under its senior secured superpriority debtor in possession term loan facility ("DIP Facility"), the Company needs to deliver final valuation materials to its DIP Lenders in advance of filing a Plan of Reorganization.
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Hilco Global Announces 2021 - Little Village College Scholarship Recipients During Opening of the New Target Logistics Supply Chain Ribbon Cutting Event
August 2, 2021Hilco Redevelopment Partners names two new scholarship recipients to local residents of Chicago’s Little Village community, continuing its commitment to support local students for the third consecutive year.
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J D Factors Provides Factoring Facilities
August 2, 2021J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in Tennessee, $200,000 to a transportation company in New Jersey, $150,000 to a temporary staffing company in Arizona
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Marco Financial Welcomes Two C-Level Executives
August 2, 2021July was a month of exponential growth for Marco Financial. Recently announcing an $82 million round, with a $100 million credit line, the young fintech is now adding to its roster of c-level executives: Sabrina Teichman as Chief Growth Officer and Prajwal Manalwar as Chief Product Officer.
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SLR Capital Partners Holds Initial Closings for Healthcare Private Debt Fund
August 2, 2021SLR Capital Partners, LLC ("SLR" or "SLR Capital Partners") today announced initial closings of its healthcare direct lending funds (together "SLR HCLF" or the "Fund"), securing over $480 million in equity commitments, reaching SLR's initial target.
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Kevin Harbour Joins Oxford Finance’s Healthcare Services Team
August 2, 2021Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, is pleased to announce that Kevin Harbour has joined Oxford’s healthcare services real estate and asset-based lending team.
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Phoenix Welcomes Middle Market Investment Banking Specialists, Steven Rosenblum and Steven Warsaw
August 2, 2021Phoenix Management Services®, a leading provider of operationally focused solutions, is pleased to announce the appointment of Steven Rosenblum and Steven Warsaw as Managing Directors of the firm’s investment banking affiliate, Phoenix Capital Resources®.
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IBC Advanced Alloys Announces Entering Into Credit Facilities
August 2, 2021IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to announce new credit facilities (the “Credit Facilities”) of up to US$8,000,000 established pursuant to (a) a credit and security agreement (the “Credit Agreement”) among Iron Horse Credit, LLC and certain of the Company’s U.S. subsidiaries (the “Subsidiaries”) and (b) an account sale and purchase agreement (the “ASPA”) among Sallyport Commercial Finance, LLC and the Subsidiaries.
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GBG USA Commences Voluntary Chapter 11 Proceedings
August 2, 2021GBG USA Inc., an indirect wholly-owned subsidiary of Global Brands Group Holding Limited (the “Group”), today announced that the North America wholesale business and certain subsidiaries and affiliates (together “GBG USA”) have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”).
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Oxford Finance Closes $28 Million Credit Facility with AvantGarde Senior Living
August 2, 2021Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $28 million senior credit facility to AvantGarde Senior Living (“AvantGarde” or “the Company”), A Luxurious Senior Living Community™.
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Celtic Capital Corporation Announces Its Most Recent New Client Relationship
August 2, 2021Celtic Capital Corporation today announced its most recent new client relationship–a Washington-based cutter/packer of meat products for restaurants and food service companies.
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Stonebriar Extends $1 Billion Revolving Credit Warehouse Facility and Welcomes New Lender
July 29, 2021Stonebriar Commercial Finance (“Stonebriar” or the “Company”), a leading large-ticket independent diversified commercial finance and leasing company, today announced that it has extended its $1 billion revolving warehouse credit facility (the “Facility”) for another two years. The Facility, which serves as one of Stonebriar’s primary working capital facilities, was originally closed in 2018 and is agented by Bank of America. Other lenders include Credit Suisse, Citizens Bank, Fifth Third Bank, Security Benefit Life and Mitsubishi UFJ Financial Group (“MUFG”), a new participant in the facility.
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4D pharma Announces $30 Million Credit Facility with Oxford Finance
July 29, 20214D pharma plc (AIM: DDDD, NASDAQ: LBPS), a pharmaceutical company leading the development of Live Biotherapeutic products (LBPs), a novel class of drug derived from the microbiome, today announces the closing of a senior secured credit facility for up to $30m with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.
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1st Source Announces the Promotion of Two Senior Leaders
July 29, 2021Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces the Board of Directors’ promotion of Mr. Brett Bauer to Chief Financial Officer and Treasurer of 1st Source Corporation and 1st Source Bank with responsibility for Accounting, Finance, Asset Liability Management, Treasury Management and Investor Relations; and that of Mr. John Bedient to Chief Operations Officer of 1st Source Bank overseeing a new Operations Group combining both deposit and loan operations.
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Moritt Hock & Hamroff LLP’s Leslie A. Berkoff Appointed To AAA-ICDR International Panel
July 29, 2021Leslie A. Berkoff, a Partner and Chair of the Dispute Resolution practice group in the Garden City office of Moritt Hock & Hamroff, has been recently appointed to the American Arbitration Association (AAA) – International Centre for Dispute Resolution (ICDR) Council and to the AAA-ICDR International Panel.
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Monroe Capital Hires Chris Babick to Lead the Southeast Region
July 29, 2021Monroe Capital LLC today announced Chris Babick has joined the firm’s originations team as Managing Director. Chris will lead the firm’s relationship sourcing and the origination of new business opportunities within the Southeast region.
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Hemisphere Energy Establishes New $35 Million Credit Facility and Announces Early Payout of its Term Loan
July 29, 2021Hemisphere Energy Corporation ("Hemisphere" or the "Company") is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial (the "Lender"), providing for borrowings of up to $35,000,000 (the "Credit Facility"). As part of entering into the Credit Facility, the Company has fully repaid and terminated its existing term loan with Cibolo Energy Partners (the "Former Term Loan").
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