- nFusion Capital Provides $2 Million Factoring Facility for a Staffing Company
- Brown Plus Acquires Ross Buehler Falk & Company, LLP, Effective January 1, 2026
- News Detail Share Test
- Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
TSL Express Daily Articles & News
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CIT Serves as Co-Lead Arranger on $165 Million Financing for iEnergizer
CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business served as co-lead arranger and joint bookrunner for a $165 million financing on behalf of iEnergizer, a leading technology services and media solutions company.
The financing, which includes a $150 million term loan and a $15 million revolving credit facility, will be used to refinance existing debt and fund a dividend to shareholders.
Founded in 2000, iEnergizer provides technology-enabled services to clients across a wide range of industries, including gaming, healthcare, publishing, travel, and financial services.
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TSL Express Daily Headlines & News
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Leland Capital Advisors Provides $250,000 Revolving Work in Progress (WIP) Funding
February 26, 2020Leland Capital Advisors LLC announced it provided a $250000 revolving Work in Progress (WIP) funding for a manufacturing company that specializes in Aeronautical Electronic Components in Georgia.
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Huntington Business Credit Closes Credit Facilities With Sunbelt Modular, Inc.
February 26, 2020Huntington Business Credit announced it closed new $19,713,000 credit facilities with Sunbelt Modular, Inc. on February 4, 2020. Proceeds of the facility were used to partially fund the acquisition by strategic buyers and provide ongoing working capital growth financing.
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A.P. Moller - Maersk Links New $5.0bn Revolving Credit Facility to its CO2 Performance
February 26, 2020Banco Santander S.A., London Branch, Bank of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, BNP Paribas, Citibank N.A. London, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Deutsche Bank, Handelsbanken, HSBC France, MUFG, Nordea, SEB and Standard Chartered Bank, joined as mandated lead arrangers.
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Avidbank Adds Strength to its Specialty Finance Division
February 26, 2020Mounir Gad has joined the Bank as Senior Vice President, Market Manager, of the Specialty Finance Division. Kevin Conway also joins the Bank in the Specialty Finance Division as Senior Vice President, Relationship Manager.
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Monticello Provides $117M in Financing for Skilled Nursing Facility Portfolio in North Carolina, Kentucky
February 26, 2020Monticello has provided $117 million in first lien debt financing for the acquisition of 12 skilled nursing properties and the refinance of one other in North Carolina and Kentucky. The skilled nursing portfolio totals 1,357 beds.
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What’s Behind Cosi’s 2nd Bankruptcy?
February 26, 2020The Boston-based chain, which owes $30.7 million in secured debt, put itself up for sale two months ago and shuttered 30 units in December. It is also pivoting its focus to its catering program as part of a restructuring effort. In 2016, Cosi filed for bankruptcy. The following year, AB Value Management and Milfam LLC bought the chain. The death of Lloyd Miller III, Milfam’s principal, early in 2018 caused Milfam to “extricate itself from its investment in Cosi,” according to the filing.
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TAB Bank Provides Transportation Company in Minnesota with a $9 Million Revolving Credit Facility
February 26, 2020TAB Bank is pleased to announce it has provided a $9 million revolving credit facility for a transportation company based in Minnesota. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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White Oak Global Advisors, LLC Makes Key New Hires to Expand Aviation Finance Offerings
February 25, 2020White Oak Global Advisors, LLC (“White Oak”) today announced the addition of three senior members to White Oak Aviation, LLC, the aviation financing affiliate created to expand the firm’s offerings to the aviation market. Bob Genise, Asa Watts, and Greg Byrnes will be based in Bellevue, Washington and Ireland, and will further enhance the firm’s capabilities in the space.
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RigNet Announces Amendment and Extension of Credit Facility
February 25, 2020RigNet, the leading provider of ultra-secure, intelligent networking solutions, announced today that it has successfully amended its senior secured Credit Facility with its existing bank group led by Bank of America, N.A. as administrative agent
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Alimera Sciences Meets Revenue Milestone and Accesses Additional $2.5 Million Under Solar Debt Agreement
February 25, 2020Alimera Sciences, Inc. (ALIM) (“Alimera”), a leader in the commercialization and development of prescription ophthalmology treatments for the management of retinal diseases, today announced that it has drawn down the remaining $2.5 million under the $45 million term loan agreement with its current lenders, investment affiliates managed by Solar Capital Partners, LLC.
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BNP Paribas and JetBlue Partner to Close First Sustainability-Linked RCF for the Airline Industry
February 25, 2020BNP Paribas, a premier global bank, today announced that it has closed a sustainability-linked loan (“SLL”) with JetBlue Airways (“JetBlue” or the “Company”), via an amendment to its existing Senior Secured Revolving Credit Facility (“RCF” or the “Facility”).
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Sallyport Commercial Finance Offers Flexibility to a Growing Business in Canada
February 25, 2020Sallyport Commercial Finance provides a $600,000 accounts receivable facility to a company that specializes in non-destructive testing services. The family-owned and operated business was referred to Sallyport by a broker who has introduced business in the past. With a turnaround solution in place, the company hopes to generate more revenue and stabilize their working capital.
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Moritt Hock & Hamroff Welcomes Anthony J. Ficara, Michael Wickersham & Jodi B. Zimmerman
February 25, 2020The law firm of Moritt Hock & Hamroff with offices on Long Island and in New York City has announced that Anthony J. Ficara, Michael Wickersham and Jodi B. Zimmerman have joined the firm, adding a new industry practice, in the Condominium & Co-Op Services sector, within the scope of the firm's Real Estate Practice Group. Mr. Ficara joins the firm as a partner and resides in the firm's New York City office. Mr. Wickersham and Ms. Zimmerman join the firm as associates and reside in the firm's Garden City office.
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Edgemont Partners Announces Recapitalization of Quigley Eye Specialists by New Harbor Capital
February 25, 2020Edgemont Co-advised Quigley Eye; Transaction represents Edgemont’s fifth office-based physician services transaction in seven months
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Endologix Announces Debt Restructuring Addressing 2020 Maturities
February 25, 2020The Company and certain funds managed by Deerfield Management Company, L.P. (collectively, “Deerfield”) also agreed to amend their existing facility agreement and credit agreement to extend near-term mandatory amortization payments and provide for certain conversion rights and obligations pertaining to the Company’s debt to Deerfield.
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Deserve Secures $100M Credit Facility from Credit Suisse
February 25, 2020Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced today a new $100 million credit facility with Credit Suisse AG. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility.
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Crestmark Provides More Than $41.6 Million in Commercial Financing to 77 Businesses in the First Half of February
February 25, 2020Crestmark secured a total of $6,300,000 in ABL financial solutions for nine new clients; Crestmark Equipment Finance provided $24,532,533 in 10 new lease transactions; Crestmark Vendor Finance provided $5,580,236 in 56 new lease transactions; and the Government Guaranteed Lending Division provided $5,224,037 in financing for three new clients in the first half of February.
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Cosi, Inc. Files for Chapter 11 Bankruptcy Reorganization to Complete its Transformation to a Profit Maximizing Mix of In-store Dining and Catering Which Will Better Align it with Customer Dining Trends
February 24, 2020Cosi expects to emerge from Chapter 11 as a stronger version of itself, with a greater focus on its burgeoning catering business. Cosi has retained a chief restructuring officer, Jason F. Fensterstock, to assist with the development and implementation of its business plan and the associated cost cutting and initiatives which are well underway and include the opening of several new locations in the first half of 2020.
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Cohn & Dussi LLC Announces the Addition of Robert Hanna as Director of National Sales and Marketing
February 24, 2020“Bob has been influential in the creditors' rights and commercial collection industry. He is well respected by financial companies throughout the country. We are pleased to have him as a valuable member of our firm,” states Lewis Cohn, Managing Partner of Cohn & Dussi.
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Interfor Announces Long Term Debt Financing
February 24, 2020INTERFOR CORPORATION (“Interfor” or the “Company”) (IFP.TO) today announced it has priced US$50 million in long-term debt financing with Prudential Capital Group. The senior secured notes will carry an annual interest rate of 3.34% and have a final maturity in 2030. The financing is expected to close in March and the proceeds will be used for general corporate purposes.
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