- Rosenthal Provides $2M Production Finance Facility for Cosmetics Company
- RedRidge Diligence Services
- Garrington Group of Companies Announces its Formation and Launch
- Capitala Group Announces CSLF II Credit Facility
- FTI Consulting Appoints Business Transformation Experts Christopher Conover and Bill Stotzer
Cambridge Savings Bank (CSB), one of the oldest and largest community banks in Massachusetts, announced the addition of John Bobbin, First Vice President, Senior Asset-Based Lending Officer, to join its Asset-Based Lending Team, which sits under CSB’s well-established Corporate Banking division.
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TSL Express Daily Headlines & News
Kevin O'Hare Joins Pinnacle Bank as President of Their Newly Formed Capital Finance Group
October 3, 2019Mr. O'Hare brings more than 40 years of lending and factoring experience to Pinnacle Bank. During that timeframe, he has been a part of several banking institutions as well as independent finance businesses. He also was the founder of a variety of private finance companies including Graystone Capital that he sold to Scott Valley Bank in 2014.
Stenn Appoints Top Industry Expert Steve Box as Strategic Advisor to the Board
October 3, 2019Stenn International, an international provider of cross-border trade finance, today announces Steve Box, a globally-recognized visionary in the world of trade finance, as Strategic Advisor to the Board. Mr. Box is the Founder and Managing Director of Kata Executive Consulting Limited, with over 35 years of experience building and running businesses in invoice, trade, and receivables finance.
uBiome to Close Doors One Month After Bankruptcy Filing
October 3, 2019First reported by Business Insider, September’s Chapter 11 filing has now become a Chapter 7 bankruptcy, which means the company will cease operations and become a liquidation sales. According to the report, uBiome has been unable to secure any additional loans to keep it afloat while it was in bankruptcy protection.
Winter Harbor Continues to Expand National Presence with Addition of Jay Montgomery
October 2, 2019He specializes in strategic planning, process improvement, crisis management, cash flow forecasting, and expanding business operations. Jay is based in Columbia, South Carolina.
Sallyport Commercial Finance Helps an Engineering Firm with Growth Capital
October 2, 2019Sallyport Commercial Finance provides a $2,000,000 accounts receivable facility to a company that specializes in engineering design and inspections.
Amherst Partners Welcomes Erik Morandi to the Restructuring Advisory Practice
October 2, 2019Prior to joining Amherst Partners, Erik worked for Fiat Chrysler Automobiles (FCA) as a member of the Finance Leadership Development Program, completing intensive professional rotations in the company’s commercial, corporate, and industrial finance groups.
PowerBilt Hires Paul Boe as President of the 100-Year-Old Historic Golf Brand
October 2, 2019PowerBilt Holdings announced today that Paul Boe has joined the company as its President. In this capacity, Mr. Boe will manage all strategic growth initiatives for the PowerBilt brand and its licensees. He will be responsible for the company’s brand development strategy and positioning, online sales, product development, new licensee acquisition and ongoing licensee management.
Tiger Group Sells Stake in BikeCo, LLC to Advanced Holdings Co., Leaving Recapitalized Wholesale Distributor Positioned for Growth
October 2, 2019Less than a year after co-leading the acquisition of the wholesale bicycle operations of Advanced Sports Enterprises (ASE) in bankruptcy court, Tiger Capital Group has sold its stake in the newly formed BikeCo, LLC to joint venture partner Advanced Holdings Co. Ltd. As previously reported, on Feb. 1, 2019, the bankruptcy court approved the joint venture's winning bid of more than $23 million for the wholesale assets of ASE.
Westleaf Receives Additional $5.7 Million of Capital from ATB Financial
October 2, 2019Westleaf has increased its term loan on The Plant, its fully completed extraction, manufacturing and product formulation facility, by $2.7 million and has secured a $1.0 million revolving credit facility to assist with working capital provided that any draw downs in relation thereto can only be made after final receipt of a standard processing license for The Plant from Health Canada.
Tyler Technologies Announces Expanded Revolving Credit Facility
October 2, 2019Tyler Technologies Inc. (NYSE: TYL) announced today that it has entered into a new five-year, $400 million unsecured revolving credit facility. The new credit facility replaces Tyler’s existing $300 million secured credit facility, which was scheduled to mature in November 2020.
Postal Realty Trust, Inc. Enters Into $100 Million Credit Agreement
October 2, 2019Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages properties leased to the United States Postal Service (“USPS”), today announced its entry, through Postal Realty LP, its operating partnership, into a credit agreement with People’s United Bank, National Association (the “Credit Agreement”) and certain other lenders thereunder.
Yuma Energy, Inc. Enters Into Restructuring and Exchange Agreement
October 2, 2019Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma," the "Company," "we" or "our") today announced that it has entered into a Restructuring and Exchange Agreement (the "Restructuring Agreement") with Red Mountain Capital Partners LLC and its affiliates ("Red Mountain").
Kindred Biosciences Secures $50 Million Debt Facility with Solar Capital Partners
October 2, 2019Kindred Biosciences, Inc. (KIN), a commercial-stage biopharmaceutical company focused on saving and improving the lives of pets, today announced the closing of a $50 million senior secured debt facility with investment affiliates managed by Solar Capital Partners, LLC.
Badger Daylighting Ltd. Announces Increase and Extension to Credit Facility
October 2, 2019Badger Daylighting Ltd. (“Badger”) is pleased to announce that its wholly-owned subsidiaries, Badger Daylighting Limited Partnership and Badger Daylighting Corp., have increased their senior secured credit facility (the “Credit Facility”) with a group of five lenders from $145.0 million to $300.0 million.
TKO Miller Advises TJ Hale Company on its Debt Financing
October 1, 2019TKO Miller, LLC is pleased to announce the successful closing of TJ Hale Company’s debt financing, which will be used to support its growth and working capital needs. The debt package included a revolver, an equipment loan, and a cashflow term loan.
Hitachi Capital America’s Transportation Finance Team Thinks Pink for Breast Cancer Awareness Month
October 1, 2019In support of Breast Cancer Awareness Month, the Hitachi Capital America Transportation Finance team will make a monetary donation to the Susan G. Komen organization. In an effort to help spread additional awareness, members of the team also plan to wear pink to all customer visits during the month of October.
White Oak Healthcare Finance Provides $241 Million Financing for a 19 Facility Skilled Nursing Portfolio
October 1, 2019White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as administrative agent and lead lender on the funding of a $241 million senior credit facility secured by 19 skilled nursing facilities diversified across 6 states. The total portfolio comprised over 2,000 beds.
Ferroglobe Amends its Revolving Credit Facility
October 1, 2019Ferroglobe PLC (GSM) (“Ferroglobe” or the “Company”) announced today that it has obtained the consent of its lenders for and entered into an amendment (the “Amendment”) to its existing revolving credit agreement (the “RCF”).
LBC Small Cap Provides Unitranche Credit Facility and Equity Co-Investment to Support the Acquisition of McNally Industries
October 1, 2019LBC Small Cap, an affiliate of LBC Credit Partners, a leading provider of financing solutions to lower middle market companies, provided a unitranche credit facility and equity co-investment to support Susquehanna Private Capital’s (“SPC”) acquisition of McNally Industries, LLC (“McNally”).
Coral Capital Solutions Extends $7.5 Million Factoring Facility to Provider of Therapeutic Services
October 1, 2019Coral Capital Solutions, a leading provider of financing solutions for medium sized enterprises, today announced a $7.5 million annual factoring facility with a profitable, fast growing provider of rehabilitative, educational and therapeutic services to children.
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