Home > Resources > The Secured Lender > TSL Express Daily Articles & News

TSL Express Daily Articles & News

To submit company news and press releases to
TSL Express, email tslexpress@sfnet.com.

Today's Top Story



Featured

MUFG Appoints Kevin Cronin Regional Executive for the Americas, President & CEO of MUFG Americas Holdings Corporation, and MUFG Union Bank, N.A.

Mitsubishi UFJ Financial Group ("MUFG"), a leading global financial group, today announced that Kevin P. Cronin has been appointed Regional Executive for the Americas for MUFG and MUFG Bank, Ltd., its primary banking subsidiary, and President and CEO of MUFG Americas Holdings Corporation and MUFG Union Bank, N.A., effective March 31, 2021. Mr. Cronin will succeed Stephen E. Cummings as the senior-most executive in the Americas for MUFG. Mr. Cummings previously announced in September 2020 that he will retire from his current position at the end of March. Mr. Cronin will become a member of the Board of Directors of MUFG Americas Holdings Corporation and MUFG Union Bank, and he will be based in New York.

TSL Express Trending Story

TSL Express Daily Headlines & News

  • Greystone Arranges $50 Million Construction Loan for Adam America’s 299-Unit Multifamily Development in New Haven, CT
    March 12, 2020
    Greystone, a leading commercial real estate lending, investment, and advisory firm, today announced that it has arranged a $50 million leasehold construction facility for Adam America Real Estate (“AARE”). The construction loan was provided by BMO Harris Bank (“BMO”), a Chicago-based banking subsidiary of BMO Financial Group, to finance the development of a six-story, mixed-use multifamily building with 299 units, 206 ancillary parking spaces, and approximately 6,100 square feet of ground floor retail space located at 44 Olive Street in New Haven, CT.
  • United Airlines Raises $2 Billion in Term Loan
    March 12, 2020
    United Airlines said on Thursday it had raised $2 billion in a term loan facility to pay certain transaction fees and expenses and for general corporate purposes.
  • Hilton Draws Down $1.75 Billion Credit Line to Ease Virus Hit
    March 12, 2020
    The hotel company has drawn down a $1.75 billion loan to “to preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 outbreak,” according to a filing late Wednesday that confirmed an earlier report from Bloomberg News. The current interest rate on the credit facility is 2.18%.
  • Republic Provides a $4.5 Million ABL Facility in Partnership with Equity Sponsor
    March 12, 2020
    Republic Business Credit partners with leading West Coast Private Equity group to aid in the leveraged buyout of a distressed food manufacturer with high growth potential.
  • Factbox: U.S. Companies Add Cash, Credit Lines as Coronavirus Leaves Markets Rattled
    March 12, 2020
    U.S. companies rushed to bulk up their cash reserves amid market turmoil fueled by the global coronavirus outbreak and a plunge in oil prices.
  • QuickFi by Innovation Finance USA Wins 2020 FinTech Breakthrough Award
    March 12, 2020
    FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that QuickFi®, a new mobile business lending platform from Innovation Finance USA LLC, has been selected as the winner of the “Business Lending Innovation Award” in the 2020 FinTech Breakthrough Awards program.
  • Erika Perez Joins First Business Growth Funding
    March 12, 2020
    First Business Growth Funding, the accounts receivable financing arm of First Business Financial Services, Inc., announced the addition of Erika Perez as senior account manager. Perez has over 17 years of experience in factoring and banking. She holds a bachelor’s degree in Business Administration from Lewis University.
  • Secured Finance Executives Discuss Coronavirus
    March 11, 2020
    Secured finance executives from Gerber Finance, North Mill Capital and FTC Commercial Corp. discusses the impact of Coronavirus.
  • People's United Bank Provides $61 Million Credit Facility for Brightview Senior Living
    March 11, 2020
    People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance Division provided a $61 million Credit Facility to Brightview Senior Living ("Brightview"), a privately held real estate development and property management company specializing in multifamily and senior living communities.
  • Foresight Energy LP Enters Into Restructuring Support Agreement With Members of Ad Hoc Lender Groups and Files Chapter 11 to Access $100 Million in New Financing
    March 11, 2020
    Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel to Foresight Energy; Jefferies Group is acting as investment banker; and FTI Consulting, Inc. is acting as financial advisor. Akin Gump Strauss Hauer & Feld LLP is acting as legal counsel and Lazard Frères & Co. LLC is acting as investment banker to the Ad Hoc Lender Group representing lenders under the first lien credit agreement.
  • Boeing Plans Full Drawdown of $13.825 Billion Loan
    March 11, 2020
    Boeing Co. is planning to draw down the full amount of a $13.8 billion loan as early as Friday as the planemaker grapples with worldwide travel disruptions from the coronavirus, people familiar with the matter said. Representatives for Citigroup Inc., which led the loan, and Boeing declined to comment.
  • Air and Cruise Lines Shore up Liquidity as Coronavirus Hits Travel Industry
    March 11, 2020
    Travel and leisure companies have tapped their relationship banks for new loans to bolster liquidity and shore up investor confidence as the global spread of coronavirus heightens fears over passenger travel and canceled reservations pile up. Cruise ship operators Norwegian Cruise Line and Royal Caribbean, along with air carrier United Airlines lined up approximately US$3.23bn in new money collectively on Tuesday, one day after the virus epidemic caused a sell-off across global equity market indices with the Dow Jones Industrial Average dropping 7.8%.
  • Jefferson Capital Acquires Canaccede Financial Group
    March 11, 2020
    Jefferson Capital Systems, LLC (Jefferson Capital), a leading purchaser and servicer of consumer charged-off and bankruptcy receivables in the United States and United Kingdom, announced today that it has completed the strategic acquisition of Canaccede Financial Group (Canaccede), the largest buyer of charged-off consumer receivables and insolvencies in Canada. J.C. Flowers & Co. (“J.C. Flowers”), a leading private investment firm specializing in the financial services industry, is the principal shareholder of Jefferson Capital.
  • SG Credit Partners Provides $3MM ARR Borrowing Base Growth Capital Facility
    March 11, 2020
    SG was impressed with the Company’s software platform, organic growth, strong pipeline of contracted revenue, and ability to reach positive cash flow with no equity financing and minimal debt financing. SG provided a senior secured, $3MM growth capital loan structured around an ARR borrowing base and provided tailored amortization around the Company’s cyclical cash flow. ​
  • Bank of America Names Terry Cline Knoxville Market President
    March 11, 2020
    Bank of America has named Terry Cline as market president for Knoxville. Cline succeeds Market President John Hall, who will continue to serve on the Knoxville leadership team. As market president, Cline will be responsible for connecting the banking and investment resources offered through the company’s eight lines of business to companies, families and individuals in Knoxville.
  • Varagon Capital Partners Supports Palladium Equity Partners' Acquisition of ALC Schools
    March 11, 2020
    Varagon Capital Partners (Varagon) today announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of ALC Schools, LLC by affiliates of Palladium Equity Partners, L.L.C. (Palladium). ALC offers alternative student transportation solutions for a variety of student populations, including special education, homeless, foster and other in-need students.
  • Sterling National Bank Provides $9,000,000 of Working Capital to NorCal Lumber Company, Inc.
    March 11, 2020
    The credit facilities will be used to provide working capital to support the Company’s future projected growth. Founded in 1987, and headquartered in Marysville, CA, NorCal cuts, assembles and distributes dimensional lumber, engineered wood and related framing materials.
  • Huntington Business Credit Closes Credit Facility with Custom Bilt Holdings, LLC
    March 11, 2020
    Huntington Business Credit announced it closed a new $12,000,000 credit facility with Custom Bilt Holdings, LLC on February 14, 2020. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital growth financing.
  • New Hire Expands FocalPoint's Healthcare Practice
    March 11, 2020
    FocalPoint Partners, a leading middle-market investment bank, is pleased to announce the addition of senior healthcare investment banking professional Hector M. Torres as managing director in its Chicago office. Over nearly 15 years, Hector has provided investment banking, consulting, and financial advisory services to healthcare organizations nationwide, having advised on over 25 M&A transactions with a cumulative value in excess of $2.8 billion in the past six years.
  • Oxford Finance Closes $104.3 Million Credit Facility with Epic Healthcare Staffing
    March 11, 2020
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to healthcare services and life sciences and companies worldwide, today announced the closing of a $104.3 million senior secured credit facility to Epic Healthcare Staffing (“Epic” or “the Company”), a portfolio company of Webster Equity Partners. The proceeds will be used to fund the acquisition of Orbis Data Solutions, refinance existing debt, fund future acquisitions, and for general working capital purposes.

 

The Secured Lender

Screenshot 2025-10-30 at 12.06.01 PM 

SFNet's The 81st Annual Convention Issue
 

View Full Issue
#3 -_ 1 (1)