- DHT Holdings, Inc. Announces New $250 Million Revolving Credit Facility
- Dropbox Completes New Senior Secured Revolving Credit Facility; Announces $900M Stock Repurchase Program
- Tiger Group Offers OCC Pulp Mill Packed with Late-Model Equipment
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- TSL Feature Articles
TSL Express Daily Articles & News
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Siena Lending Group Announces Credit Facility Increase to $400MM
Siena Lending Group LLC ("Siena"), a leading independent asset-based lending company, today announced it has increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s historic results in the second quarter of 2021, when it closed more than $220 million in credit facilities for middle-market businesses across the country.
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Rosenberg & Fecci Consulting, LLC Announces That Stephen Culloo has Been Admitted to the LLC as a Partner
January 25, 2021Rosenberg & Fecci Consulting, LLC is pleased to announce that Stephen Culloo has been admitted to the LLC as a partner. Mr. Culloo joined Rosenberg & Fecci in 2009 as a college graduate, and in his time at R&F has risen from an Analyst to Director of Monthly Recurring Revenue field exams. Working closely with lenders in the Tech space, Mr. Culloo is responsible for developing the specialized scope and procedures, currently utilized for all field examinations with a focus on recurring revenue.
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Citizens Advises Health iPASS, INC. on its Sale to Sphere, Backed by Waud Capital
January 25, 2021Citizens M&A Advisory served as the exclusive financial advisor to Health iPASS, Inc., a high-growth, innovative provider of cloud-based patient engagement software and revenue cycle management technology, in its sale to Sphere, backed by Waud Capital. Health iPASS specializes in solutions that enhance provider revenue collections and deliver a streamlined healthcare consumer experience from appointment to final payment. The software helps providers accelerate cash flow, reduce the cost to collect, lower claim denials and improve patient relations. The technology improves the healthcare consumer experience by simplifying the check-in process and payment experience by facilitating pre-service, time-of-service and post-service engagement and patient payments through an innovative, multi-channel virtual software interface.
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Byrna Technologies Enters into New Credit Facility
January 25, 2021Byrna Technologies Inc. (OTCQB: BYRN) (CSE: BYRN) ("Byrna" or the "Company") today announced the closing of a new asset based ("ABL") revolving credit facility with Needham Bank. The new ABL provides Byrna with up to $5.0 million available for general corporate purposes and working capital. In addition to the $5.0 million revolving line of credit, the Company also entered into an agreement for a $1.5 million equipment line.
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Golub Capital Announces Senior-Level Promotions
January 25, 2021Golub Capital is pleased to announce a number of senior-level promotions in Direct Lending, Structured Products and the Investor Partners Group. Andy Steuerman has been promoted to the new role of Vice Chair of Direct Lending. Mr. Steuerman will continue as a senior member of the Investment Committee, oversee our Special Situations Team, manage our Late Stage Lending business and spearhead new strategic initiatives. He has been with Golub Capital for over 17 years.
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Marco Financial Provides a $9,000,000 Trade Finance Facility for Spectralink Corporation
January 25, 2021Marco Financial established an expanded international trade finance facility for Spectralink Corporation, an affiliated portfolio company of Sun Capital Partners, Inc. The company, a Boulder Colorado based global provider of on-site enterprise mobile communication solutions, required additional funding in part to finance production of a new significant contract with a major US based customer. With customers in Europe, as well, Marco was well suited to replace and enhance Spectralink’ s existing factoring facility.
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North Mill Equipment Finance LLC Announces 10 Employee Promotions
January 25, 2021North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in Norwalk, Connecticut, announced today the promotion of ten employees representing several departments across the organization. They include: James Cavallaro, vice president, Contract Administration; Ellen Miller, vice president, Legal; Jeff Schick, vice president, Operational Controller; Michael Deck, assistant vice president, Credit; Ben Tishelman, assistant vice president, Operations; Griffin Dulligan, manager, Credit; Pierina Silvestre, manager, Insurance & Asset Management; Douglas Jackson, manager, Contract Administration; Sabrina Walker, manager, Contract Administration and Evan Worley, manager, Credit.
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Huntington Business Credit Closes Facility with Kent Water Sports
January 25, 2021Huntington Business Credit announced it closed a new $50,000,000 credit facility with Kent Water Sports on December 31, 2020. Proceeds of the facility were used to support the acquisition of Kent Water Sports by Seawall Capital, a middle-market private equity firm (www.seawallcap.com) and to provide ongoing working capital growth financing.
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Monroe Capital Supports Growth Catalyst Partners’ Acquisition of The Equine Network
January 25, 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 The Equine Network by private equity sponsor Growth Catalyst Partners. Based in Albuquerque, NM, The Equine Network is the leading provider of proprietary sports content, information, and tech-enabled services in the U.S. equine industry.
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HCAP Partners Announces New Investment in 83bar
January 25, 2021HCAP Partners, a California-based private equity firm and nationally recognized impact investor, announced today its investment in 83bar, an Austin, TX-based leader in patient journey management for both clinical trials and commercial clients across pharma, medical device, and diagnostic industries. The mezzanine debt infusion will be used to restructure existing debt, provide share redemption for a small group of existing investors, and provide supplemental growth capital. Terms of the investment were not disclosed.
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Staffing Company in Arizona Chooses TAB Bank for a $10 Million Revolving Credit Facility
January 22, 2021A staffing company in Arizona has chosen TAB Bank for a $10 million revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company provides staffing services for many industries including distribution, manufacturing, construction, and oil production.
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eCapital Corp. Elevates Jaime Gillespie to Chief Human Resources Officer
January 22, 2021eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced that it has promoted Jaime Gillespie to chief human resources officer. In her new role, Gillespie will oversee employee engagement, talent management and leadership development, as well as alignment of the company’s diverse workforce and establishment of a unified corporate culture.
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First Eagle Alternative Credit COO & CFO Terry Olson to Retire
January 21, 2021First Eagle Alternative Credit, LLC today announced that Terry Olson, chief operating officer and chief financial officer, has elected to retire effective June 30, 2021. The Company will implement a plan that includes a search to identify a replacement CFO and transition of Olson’s operating responsibilities.
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Clear Thinking Group Awarded Restructuring Advisory Firm of the Year by Finance Monthly
January 21, 2021Clear Thinking Group announced today that it has been named “Restructuring Advisory Firm of the Year - USA” as part of Finance Monthly’s 2020 Global Awards. The Global Awards highlight the outstanding work done by financial advisors and organizations at an international level. It celebrates those who have excelled in their work, have exceeded client expectations, and have demonstrated measurable achievements over the last 12-18 months – even in the current challenging environment.
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Cabretta Capital Announces Jesse Speltz as Director of Tax Credit Investments
January 21, 2021Cabretta Capital, a leading specialty finance firm with extensive experience in structured tax equity and tax-advantaged investment strategies, is pleased to announce Jesse Speltz has joined the firm to serve as director of tax credit investments. In this role, Speltz will focus on expanding Cabretta’s national footprint with outreach to banks, private equity groups, family offices, specialty finance companies, CPA’s, wealth advisors, strategic businesses, and high net worth individuals to lower their federal and/or state tax liabilities.
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White Oak Healthcare MOB REIT Announces Acquisition of Class-A Medical Office Building in Henderson, Nevada
January 21, 2021White Oak Healthcare MOB REIT today announced it has acquired a Class-A Medical Office Building in Henderson, Nevada. The property was built in 2008 and is less than a mile from Dignity Health – St. Rose Dominican Hospital, in Henderson, Nevada, a well-regarded, fast-growing suburb of Las Vegas. The attractive property has excellent visibility and access within a retail / medical corridor.
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Amerisource Closes $4,000,000 Senior Credit Facility for Steel Fabricator
January 21, 2021Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a steel fabricator based in Texas. The proceeds are being used to support the Company’s growth and development plans.
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First Business Bank Closes $1 Million Factoring Transaction
January 21, 2021First Business Bank announces the closing of a $1 million factoring transaction by its Accounts Receivable Financing group. Our new client provides IT staffing and consulting to large corporate customers. Although many of the client’s customers were in the process of changing their managed service providers (MSPs), which complicated the deal, we closed the transaction in a timely manner.
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AVEO Oncology Announces Commitment for an Incremental $10 Million Loan in Addition to Current Tranched, $35 Million Debt Facility with Hercules Capital
January 21, 2021AVEO Oncology (Nasdaq: AVEO) today announced that it has received a commitment letter for an incremental $10 million loan from Hercules Capital, Inc. (NYSE: HTGC, “Hercules”) and its affiliates, to be added to the current tranched, $35 million debt facility secured with Hercules in August 2020 through an amendment to the amended and restated loan and security agreement (the “Loan Agreement”).
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Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
January 21, 2021Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Maureen O’Hara, Senior Managing Director, Commercial Private Banker, Commercial & Industrial (C&I). Headquartered in the Bank’s Teaneck location, Ms. O’Hara is responsible for growing a portfolio of commercial clients in the Bank’s markets and providing customized solutions through personal client service in the Commercial and Industrial (C&I) business.
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Qumu Secures $10 Million Revolving Credit Facility, Providing Additional Financial Flexibility to Execute SaaS Growth Strategy
January 20, 2021Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, has closed a $10 million revolving credit facility with Wells Fargo Bank, NA. The revolving credit facility availability is determined by recurring revenue, and has a maturity date of January 15, 2023.
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