- Republic Business Credit Expands Houston Office as Part of Company-Wide Growth Spurt
- CFG Merchant Solutions Closes Credit Facility of up to $145 Million to Support Small Business Growth
- TSL Express Industry Deals
- Cardinal Energy Ltd. Announces Extension of Credit Facility
- Comvest Partners Announces $70 Million Senior Credit Facility For Nationwide Energy Partners to Support Growth Strategy
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Wintrust Receivables Finance Announces Closing of $3M Line of Credit for Growing Third-Party Logistics Company
Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $3,000,000 account receivable line of credit for a Southwest-based third-party logistics company. The company provides a diversified mix of transportation solutions including truckload, LTL, intermodal, and expedited. These services are provided to a number of middle market companies throughout the country.
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Armstrong Flooring Bankruptcy: The Alchemy of Creating Value from Accounts Receivable
Finding the right combination of capital resources and strategic knowledge in the sale and restructuring of a business is complicated; but when it works, this seemingly magical process of transformation creates incremental value for all constituents involved in the bankruptcy process. Take the case of Armstrong Flooring, and three affiliated companies, that each filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under Chapter 11 on May 8, 2022.
TSL Express Daily Headlines & News
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Foothills Capital Advisory Launches to Provide Businesses with Critical Working and Growth Capital
May 13, 2024Nabil Istafanous today announced the launch of Foothills Capital Advisory, a practice dedicated to helping businesses secure the necessary working and growth capital to succeed in today's challenging credit environment.
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QuickFi® Announces Expansion into Canada
May 13, 2024QuickFi® is pleased to announce the expansion of its QuickFi equipment financing platform into Canada. The patented QuickFi platform enables OEMs to offer equipment buyers a consistent, nearly instant, self-service equipment financing experience throughout the U.S. and Canada.
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Don Norman Named Senior Portfolio and Relationship Manager for CIT Commercial Services
May 13, 2024In his new role, Norman will be responsible for managing a portfolio of clients while consistently supporting the overall growth of Commercial Services in the Western region. Based in Los Angeles, he will report to Michael Raynor, portfolio team leader, under the direction of Western Regional Manager Darrin Beer.
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SSG Advises Eiger BioPharmaceuticals, Inc. in the Sale of Zokinvy(R) Program Assets to Sentynl Therapeutics, Inc.
May 13, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Eiger BioPharmaceuticals, Inc. (“Eiger” or the “Company”) in the sale of substantially all of its assets related to the FDA-approved drug Zokinvy®, to Sentynl Therapeutics, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The transaction closed in May 2024.
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eCapital Leverages Industry Knowledge to Secure $18 Million Asset-Based Facility for Commercial Linen Company
May 13, 2024eCapital Corp. ("eCapital"), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, funded an $18 million asset-based lending facility for a leading commercial linen services company.
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Huntington Business Credit Closes $38 Million in new Credit Facilities with Royal Chemical Company, Ltd
May 13, 2024Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing. Royal Chemical Company, Ltd., headquartered in Macedonia, Ohio, is a manufacturer of custom mixed chemical products serving the industrial, commercial, and cleaning markets.
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Verona Pharma Announces $650 Million Strategic Financing with Oaktree and OMERS
May 13, 2024Verona Pharma plc announces it and its wholly-owned subsidiary, Verona Pharma, Inc., have entered into strategic financing agreements providing access to up to $650 million from funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and OMERS Life Sciences (“OMERS”).
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Electric Hydrogen secures $100M credit facility from HSBC, J.P. Morgan, Stifel Bank and Hercules Capital to decarbonize critical industries at scale
May 13, 2024Today, Electric Hydrogen announced $100M in corporate credit financing to support manufacturing and deployment of their innovative 100MW electrolyzer plants, which enable the lowest cost production of green hydrogen. The funding was led by HSBC, with participation from J.P. Morgan, Stifel Bank, and Hercules Capital.
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SLR Equipment Finance Adds to its Underwriting Team with Rashawn Parker Hire
May 13, 2024Rashawn Parker joined SLR Equipment Finance as Associate Vice President in the Risk Department. In his new role, Rashawn will utilize his prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s evolving financial solutions platform.
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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J D Factors Provides Factoring Facilities to 35 new Clients in the US and Canada During April
May 10, 2024
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Associated Bank Adds Chun Schiros as Chief Analytics Officer to Help Lead Data and AI Innovation
May 9, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the expansion of its product and marketing leadership team with the addition of Chun Schiros as senior vice president, chief analytics officer. Schiros will focus on enhancing the bank's ability to access and use data effectively and efficiently to attract, deepen and retain customer relationships across all lines of business, including consumer, small business, corporate banking and private wealth.
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Ramaco Resources, Inc. Announces Increase and Term Extension of Revolving Credit Facility
May 9, 2024The Company's principal lender, KeyBank, N.A. ("KeyBank"), has now led a bank syndicate that increased the Company's overall credit facility to $275 million (the "Facility"). This consists of an aggregate revolving commitment of $200 million with an accordion feature for an additional $75 million available upon mutual agreement. The term of the Facility has also been extended to five years expiring in 2029.
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Benefit Street Partners Closes Second Special Situations Fund
May 9, 2024Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments. Fund II will seek to continue the investment approach of its predecessor fund.
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The ODP Corporation Renews and Extends Existing Asset-Based Credit Facility
May 9, 2024The ODP Corporation (NASDAQ:ODP) (“ODP,” or the “Company”), a leading provider of business services, products and digital workplace technology solutions to businesses and consumers, today announced that it has amended and extended its existing asset-based credit facility.
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NXT Capital Closes Senior Credit Facility in Support of Shoreline Equity Partners’ Refinancing of Engelman’s Bakery
May 9, 2024NXT Capital announced today that it has provided a senior credit facility to support Shoreline Equity Partners’ refinancing of Engelman’s Bakery. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.
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