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SFNet Presents "The Data You Need to Plan Ahead" Webinar

SFNet will host a webinar this Friday, May 14, from 12:00 p.m. – 1:00 p.m., titled "The Data You Need to Plan Ahead." This webinar is open to employees of SFNet member organizations and SFNet Chapter members only and will provide analysis behind the numbers for the Secured Finance Foundation (SFFound) Market Pulse Report, the Foundation’s Annual ABL and Factoring Surveys as well as Refinitiv’s Capital Markets League Table for Q1.

Panelists will include Barry Bobrow, managing director, Wells Fargo Securities; Miin Chen, COO, Siena Lending Group; Lawrence Chua, managing director, Ares Management LLC; Maria Dikeos, global head of Loans Contributions, Refinitiv; Terry Keating, president of Accord Financial’s US Asset Based Finance unit and Robert Wescott, president, Keybridge Research.

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TSL Express Daily Headlines & News

Armstrong Teasdale Adds 20, Welcomes Martin Leigh Attorneys and Staff
September 3, 2020

Armstrong Teasdale proudly announces that seven attorneys and 13 staff members from Martin Leigh have joined the firm’s Kansas City and St. Louis offices.
Alterna Capital Solutions Adds Three Experts to Meet Demand for SME Growth Capital
September 3, 2020

Alterna Capital Solutions (Alterna) announced the recent addition of three members to its team of dedicated specialty and alternative financing experts.
MidFirst Business Credit Announces New Lending Relationship with Northern Brewer, LLC
September 3, 2020

MidFirst Business Credit (MFBC) announced it has provided a $3 million working capital facility to Northern Brewer, LLC (Northern).
Akorn Receives Court Approval of Sale to Lenders
September 2, 2020

Akorn, Inc., a leading specialty pharmaceutical company, today announced that the United States Bankruptcy Court for the District of Delaware has approved its sale to the Company's existing lenders.
ReStore Capital Hires Daniel Rubin as Managing Director
September 2, 2020

Mr. Rubin joins ReStore Capital in the newly created position of Managing Director. In this role, he will be responsible for identifying, cultivating, structuring, and closing potential retail M&A, financing, and debt acquisition transactions.
PRA Group Announces Extension and Amendment of North American Credit Facility
September 2, 2020

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that it extended and amended its North American credit facility on August 26, 2020.
U.S. Xpress Enterprises Inc. Announces Virtual Conference Participation
September 2, 2020

U.S. Xpress Enterprises, Inc. (NYSE: USX) the nation’s fifth largest asset-based truckload carrier by revenue, today announced that Eric Fuller, President and Chief Executive Officer, and Eric Peterson, Chief Financial Officer, are scheduled to virtually participate at the following conferences:
KB US Holdings, Inc. Announces Acceptance of Stalking Horse Bid to Close Sale in Next 60 Days
September 2, 2020

KB US Holdings, Inc. ("KB or the Company"), parent company of the Kings Food Markets and Balducci's Food Lover's Market subsidiary banners, today announced it has accepted a stalking horse bid from TLI Bedrock to purchase the Company for $75 million.
Cardinal Energy Ltd. Announces Extension of Revolving Credit Facility
September 1, 2020

Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to September 30, 2020.
Lana Fidelscaia Joins First Business Growth Funding as Vice President - Business Development Officer
September 1, 2020

First Business Growth Funding, the Accounts Receivable Financing arm of First Business Financial Services, Inc., announces that Lana Fidelscaia was hired as Vice President - Business Development Officer.
Monroe Capital Supports CORE Industrial Partners’ Fathom
September 1, 2020

Monroe Capital LLC (“Monroe”) today announced an increase in the credit facility to FATHOM to support the acquisition of GPI Prototype & Manufacturing Services (GPI). FATHOM is an existing portfolio company of CORE Industrial Partners.
Celtic Capital Corporation has expanded its client development staff
September 1, 2020

Celtic Capital Corporation has expanded its client development staff with the addition of Bryan Hatfield and Jonathan Bloom; both Senior Vice Presidents.
J.C. Penney lenders could take over company as sale talks sputter
September 1, 2020

As sale negotiations stall, attorneys for J.C. Penney said at a hearing Monday that key lenders were "dedicated" to supporting the retailer as an operating entity by converting their debt holdings into equity in a reorganized Penney.
CIT Serves as Joint Lead Arranger on $150 Million Credit Facility for Steven Madden Ltd.
September 1, 2020

CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business, part of the Commercial Finance division, served as joint lead arranger on a $150 million asset-based revolving credit facility for Steven Madden Ltd.
Latham & Watkins Advises Xenia Hotels & Resorts in US$1.375 Billion Bank and Bond Transactions
September 1, 2020

Latham & Watkins represented Xenia Hotels & Resorts, Inc. in the debut private offering of US$300 million of 6.375% senior secured notes due 2025 by XHR LP, Xenia’s operating subsidiary. Xenia, a REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, owns 39 hotels across 16 US states.
Leonovus Inc. Announces a $445,000 Bridge Loan
September 1, 2020

Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV) announces that it plans to enter into a loan agreement with eleven shareholders, including two directors, (the “Lenders”) for a secured loan in the principal amount of up to CAD$445,000 (the “Loan”).
SBALenders.com completes study of Covid impact on SBA lender activity during Q2
August 31, 2020

To ascertain the impact that Covid has had on lending to small businesses in America, SBAlenders.com conducted a study of SBA loan activity by analyzing data provided by the Small Business Administration (SBA). SBA loans, which are designed to be attractive for borrowers who cannot easily obtain a traditional commercial loan, have plummeted in the second quarter of 2020.
RadNet Expands its Revolving Credit Facility to $195 million
August 31, 2020

RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 332 owned and/or operated outpatient imaging centers, today announced the amendment of its senior secured first lien credit agreement to increase the amount of the revolving commitments thereunder by $57.5 million.
Heritage Global Inc. Announces New Head of Heritage Global Valuations
August 31, 2020

Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and capital assets, today announced that Michael Goldstein has been promoted to Executive Managing Director, Head of Heritage Global Valuations (“HGV”), a division of Heritage Global Partners and a leading asset liquidation and appraisal firm.
King Trade Capital Provides $6 Million PO Finance Facility for Personal Hygiene Company
August 31, 2020

King Trade Capital is pleased to provide financing to a California-based company that sells hand sanitizer and sanitizing wipes.

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