- Aurora Appointed Chief Restructuring Officer to Southern Motion In Chapter 11 Bankruptcy
- Power Solutions International, Inc. Secures $220 Million Committed Revolving Credit Facility to Support Continued Growth
- Gridiron Capital Partners with Weed Man
- TSL Feature Articles
- Vireo Growth Inc. Announces Financing for New York and Florida Cultivation Facility
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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TSL Express Daily Headlines & News
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Maxim Commercial Capital Funds Deals in 32 States During 3Q 2020
October 13, 2020Maxim Commercial Capital is pleased to report it funded hard asset-secured financings for small and mid-sized businesses (SMBs) in 32 states during the third quarter of 2020. Despite the year’s exceptional challenges, Maxim has not wavered in its commitment to support the capital needs of existing and prospective borrowers. Maxim lends from $10,000 to $3,000,000 to SMBs nationwide, secured by heavy equipment and real estate, to facilitate asset purchases, working capital and to refinance expensive short-term debt.
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TradeCap Partners Closes Two PO Finance Facilities
October 13, 2020TradeCap Partners recently closed two PO Finance facilities totaling $18mm for two government contractors selling personal protective equipment (PPE). One contractor was a woman owned business with extensive experience in sourcing PPE. The other, a team of disabled veterans with strong logistics and sourcing backgrounds.
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Briar Capital Real Estate Fund (BCREF) Provides a $2.50MM Real Estate Term Loan to a Florida Brewery
October 13, 2020Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce it provided a $2.50MM real estate term loan to a Florida brewery. In addition to its multiple award-winning beers, the company also manufactures and packages cold brew coffees with planned expansion into hand crafted ice creams.
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Commercial Funding Inc. Closes First ABL Transaction
October 13, 2020Accounts receivable finance company Commercial Funding Inc. successfully funded its first asset-based lending (ABL) transaction, providing $3.5 million for a transportation company.
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White Oak Commercial Finance Provides $25 Million ABL Facility for Acquisition of Women’s Apparel Brands
October 13, 2020White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $25 million ABL facility to Saadia Group, LLC for the acquisition of two women’s apparel brands from e-commerce retailer, RTW Retailwinds Inc. (“RTW”), which is undergoing bankruptcy proceedings. The funding, completed in less than 30 days, supports Saadia Group’s acquisition of RTW’s e-commerce brands, New York & Company and Fashion to Figure, and their related intellectual property. The company plans to incorporate and promote the legacy brands to further increase its online retail footprint.
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Citizens Advises EasyWorkforce Software Corporation on its Growth Equity Investment from CFH Strategic Investment I, LLC
October 13, 2020Citizens M&A Advisory served as the exclusive financial advisor to EasyWorkforce Software Corporation, a leading workforce management software provider, on its growth equity investment from CFH Strategic Investment I, LLC. Founded in 2011, and formerly known as EasyClocking, EasyWorkforce is globally recognized as a premier workforce management solution provider.
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Yieldstreet Private Business Credit - 3Q20 Update
October 13, 2020Yieldstreet Private Business Credit (“PBC”) (www.yieldstreet.com/private-business-credit-investment), a provider of single and multi-tranche direct term loans to growing businesses and participations with specialty finance companies, banks, credit funds and private equity-backed companies has closed a total of $42 million after recently announcing the launch of the new PBC vertical on June 23, 2020.
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Centric Brands Emerges from Chapter 11 with Strengthened Balance Sheet
October 12, 2020Centric Brands LLC (the “Company”), a leading lifestyle brands collective, announced today that it has completed its financial restructuring and emerged from voluntary Chapter 11 proceedings, implementing the Company’s Plan of Reorganization (the “Plan”) that was approved by the United States Bankruptcy Court for the Southern District of New York.
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CSG Investments, Inc. Announces $200M Term Loan for Kosmos Energy's Gulf of Mexico Business Unit
October 12, 2020CSG Investments, Inc., a global buy-and-hold institution headquartered in Dallas, Texas, announces a $200 million senior secured term loan maturing in five years for Kosmos Energy Ltd.'s Gulf of Mexico business unit on September 30, 2020, with funding provided by Beal Bank USA and Trafigura Trading LLC.
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HPD LendScape Partners With Emirates Development Bank to Launch New National Supply Chain Finance Platform
October 12, 2020HPD LendScape, a leading international secured lending platform vendor, today announces it has partnered with Emirates Development Bank (EDB) to launch UAE's National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital, particularly as they cope with the added pressures of the COVID-19 pandemic.
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Pacific Oak Capital Markets Group Expands Sales Team and Appoints Travis Hamlin as Regional Vice President, Four Corners Region
October 12, 2020Pacific Oak Capital Markets Group, an alternative investment distributor and wholly-owned subsidiary of Pacific Oak Capital Advisors ("Pacific Oak"), announced today that Travis Hamlin has joined the company as regional vice president for the "Four Corners" region. Pacific Oak Capital Markets Group works with registered investment advisors and broker-dealers throughout the country to distribute Pacific Oak's various real estate-related investment products.
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BrightPet Nutrition Receives Loan for Acquisition by Alvarez & Marsal
October 12, 2020BrightPet Nutrition Group LLC received a senior secured credit facility backing an acquisition of the company by Alvarez & Marsal Capital Partners. Varagon Capital Partners is administrative agent. Varagon and Morgan Stanley Private Credit are joint lead arrangers.
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Business Capital Arranges Expansion Financing for Three Horse Ranch Vineyards LLC
October 12, 2020Business Capital (BizCap™) secured USDA backed Construction Financing for 3 Horse Ranch Vineyards LLC (3HRV), a leading vertically integrated winery. The vast historic ranch is the largest family owned winery in Idaho, located in the Eagle Foothills AVA with acreage capable of producing 150 tons of grapes per year, yielding a wide array of red and white varietals from Cabernet Sauvignon to Sauvignon Blanc.
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FreightCar America, Inc. Completes Key Steps in Previously Announced Manufacturing Repositioning
October 12, 2020FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”) announced today that it has made significant progress in its manufacturing repositioning and business transformation strategy. Obtains new asset-backed credit facility to facilitate the business and repositioning process going forward.
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Huntington Bank Takes Top Spot Nationally For SBA 7(a) Loan Origination By Volume For Third Consecutive Year
October 12, 2020Huntington (Nasdaq: HBAN; www.huntington.com) is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the third consecutive year at the close of SBA fiscal year 2020, further strengthening its position as the leader in supporting small businesses. This also marks the 12th year in a row Huntington has been the largest originator, by volume, of SBA 7(a) loans within its footprint.
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Southwestern Energy Announces Reaffirmation of Credit Facility and Approved Increase Upon Closing of Acquisition
October 12, 2020of Acquisition Southwestern Energy Company (NYSE: SWN) today announced its borrowing base was reaffirmed at $1.8 billion during its fall semi-annual redetermination. Additionally, upon the close of the Montage Resources acquisition, the Company’s borrowing base and bank commitments will increase to $2.0 billion, with asset coverage exceeding the Company’s borrowing base level.
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Solar Company in California Chooses TAB Bank for a $2.5 Million Revolving Credit Facility
October 12, 2020A solar company in California has chosen TAB Bank for a $2.5 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 designs and manufactures proprietary systems to mount solar panels and accessories to residential sloped roofs. They sell through solar distributors, regional contractors, and select national contractors.
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Golden Star Completes Amendments and Upsizing of Senior Secured Credit Facility
October 12, 2020Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) ("Golden Star" or the "Company") is pleased to announce the amending and upsizing of the senior secured credit facility ("the Credit Facility" or "the Facility") with Macquarie Bank Limited entered into by the Company on October 17, 2019. All monetary amounts refer to United States dollars.
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Oxford Finance Provides $55 Million Credit Facility to SpendMend
October 12, 2020Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $55 million senior credit facility and revolving line of credit to SpendMend (or "the Company"), a portfolio company of Sheridan Capital Partners.
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Chapter 11 Court Approves DIP Financing Facility
October 12, 2020Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX) announces that following our previous relevant events dated August 13th, August 19th and September 9th 2020, regarding (a) securing the commitment for US$1,000 million senior secured superpriority multi-tranche debtor in possession term loan facility (the "DIP Facility"), (b) interim approval of the DIP Facility by Judge Shelley C. Chapman of the United States Bankruptcy Court for the Southern District of New York (the "Chapter 11 Court"), and (c) the funding of US$100 million of tranche 1 loans under the DIP Facility, today, Judge Chapman approved the DIP Facility on a final basis, which was a condition precedent to the availability of the undrawn portion of the tranche 1 loans (US$100 million), as well as the tranche 2 loans
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