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TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance
Viracta 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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TSL Express Daily Headlines & News
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J D Factors Announces Factoring Facilities
August 30, 2021J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Alberta; $500,000 to a transportation company in Illinois; $100,000 to a transportation company in Alabama; $75,000 to a transportation company in New Brunswick...
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $102.5 Million in Commercial Financing to 55 Businesses in the First Half of August
August 30, 2021Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $46,900,000 in ABL/factoring financial solutions for 16 new clients; Crestmark Equipment Finance provided $2,588,364 in four new transactions; Crestmark Vendor Finance provided $3,198,849 in 31 new transactions; the Government Guaranteed Lending group provided $35,816,000 in financing for three new clients; and the Joint Ventures group provided $14,050,000 in one new transaction in the first half of August.
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Monroe Capital Supports Monomoy Capital Partners’ Acquisition of Liberty Safe Holding Corporation
August 26, 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 Liberty Safe Holding Corporation (“Liberty Safe”) by private equity sponsor Monomoy Capital Partners.
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Hilco Corporate Finance Announces Hiring of Evan Blum as Managing Director
August 26, 2021Hilco Corporate Finance (HCF) announced today that Evan Blum has joined the organization as Managing Director. In this role, Mr. Blum will leverage his deep understanding of special situation corporate finance (distressed M&A advisory, private financings, and financial restructuring) to grow the HCF investment banking business.
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Prestige Capital Uses the Power of Relationships to Provide $500,000 to Kansas City Healthcare Services Company
August 26, 2021Prestige Capital secured $500,000 for a Kansas City healthcare services company. The company needed working capital but knew that a bank wasn’t the best solution for this type of deal.
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SG Credit Provides $2.75 Million to Procurement SaaS Company
August 26, 2021SG Credit Profile: SaaS. The Company: Provider of procurement and spend management software to mid-market businesses.
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AFC Gamma Provides DMA Holdings With $19.75 Million Senior Secured Credit Facility
August 25, 2021AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”) today announced it has provided a credit facility of $19.75 million to DMA Holdings MA, LLC (“DMA”), a single-state Massachusetts operator. The credit facility is designed to provide DMA with the capital necessary to purchase and expand its Tier 6 cultivation license, as well as complete the buildout of its processing facility and dispensary in Dudley, Massachusetts.
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Capital One Leads $600 Million Revolver for Addus HomeCare
August 25, 2021Capital One announced today it served as lead arranger and administrative agent for a $600 million revolving line of credit for Addus HomeCare.
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Fifth Third Business Capital provides $16 Million in refinancing to support Orly International, Inc.
August 25, 2021Founded in 1975 by Mr. Jeff Pink, Orly International, Inc. is a manufacturer of branded professional nail salon and personal care products sold via nail salons, DTC and mass merchants throughout the world.
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Jon Patty Joins White Oak as Managing Director and Partner
August 25, 2021White Oak Global Advisors ("White Oak") is pleased to welcome Jon Patty as a Managing Director and a Partner based in the San Francisco office. Mr. Patty will lead White Oak’s ESG and impact investing business including developing new investment opportunities, working closely with partners and borrowers, and creating new sustainable investment strategies.
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Flexible Funding Announces the Opening of Their Fort Worth Office
August 25, 2021Today Flexible Funding, LLC, a leader in the factoring and asset-based lending industry, announced the move of its headquarters from San Francisco to Fort Worth, TX. Flexible Funding's Forth Worth office is located in the up-and-coming area of Clearfork, at 5600 Clearfork Main St, only 5 miles from downtown.
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Intelsat Achieves Support of Nearly 75% of Funded Debt on Comprehensive Financial Restructuring
August 25, 2021Intelsat S.A. (OTC: INTEQ), operator of the world’s largest and most advanced integrated satellite and terrestrial network, today announced that it has achieved the support of key creditor groups across the capital structure on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.
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Hilco Global Gives Away $1.2 Million Dollars of Athletic Apparel to The Salvation Army and the Alexandria Redevelopment Housing Authority for Families in Need
August 25, 2021International financial services firm Hilco Global, the world's preeminent authority on asset valuation, monetization, advisory, and capital solutions, today announced that they have donated over $1,200,000 worth of new athletic apparel to The Salvation Army in Chicago, New Jersey, Boston, Philadelphia, and the Alexandria Redevelopment Housing Authority in Alexandria, Virginia.
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Pathlight Capital Agents $50MM Senior Secured Term Facility for My Alarm Center, LLC
August 24, 2021Choate represented Pathlight Capital as agent in its $50MM senior secured term loan facility (“the Term Loan”) to My Alarm Center, LLC, and certain of its affiliates.
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Cadence Business Finance Agents $73.5 Million Revolving Credit Facility for NuBridge Commercial Lending
August 24, 2021NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent.
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Franklin Capital is pleased to announce the completion of a $250,000 factoring and PO finance facility for a Canadian-based apparel company.
August 24, 2021A Canadian-based apparel company focusing on sportswear and outerwear experiencing growth needed financing assistance.
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CIT Serves as Sole Lead Arranger on $26 Million Financing for West Palm Beach Industrial Portfolio
August 24, 2021CIT Group Inc. today announced that its Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida.
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Citizens Leads $325 Million Senior Secured Credit Facilities for W.B. Mason
August 24, 2021Citizens announced today that it served as Sole Lead Arranger for Brockton, Mass.-based W.B. Mason’s new $325 million senior secured credit facilities.
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Evolve Announces Completion of Amended Credit Agreement Supporting Business Strategy Shift
August 24, 2021Evolve Transition Infrastructure LP (“Evolve”) (NYSE American: SNMP) today announced it has executed the previously announced amendment to its credit agreement with the Royal Bank of Canada (“RBC”).
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Century Park Capital Partners Announces Sale of Covercraft
August 24, 2021Century Park Capital Partners (“Century Park”) is pleased to announce that it has completed the sale of Covercraft Industries (“Covercraft”) to Audax Private Equity.
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