- Asset-Based Lending & Factoring Surveys
- Monroe Capital Supports Growth of Alpine Investors’ Antelope Pet
- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- Lafayette Square Provides Senior Secured Financing to Support the Growth of Prime IV Hydration & Wellness
- B. Riley Securities Strengthens Investment Banking Leadership with Senior Hire
TSL Express Daily Articles & News
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M&A and Refinancing to Lead Strong Leveraged Finance Activity in 2021, MUFG Predicts
Conducive factors include high market liquidity, low interest rates, accommodative Fed policy and a vaccination against COVID-19
The year 2021 is shaping up to be a strong and supportive one for leveraged finance, led primarily by merger-and-acquisition (M&A) and refinancing activity, according to the Capital Markets group at Mitsubishi UFJ Financial Group (MUFG).
Key members of the group delivered their outlook for leveraged finance to reporters and editors at a virtual MUFG media roundtable earlier this month that featured Jeffrey Knowles, Co-Head of Debt Capital Markets; Grant Moyer, Head of Leveraged Capital Markets; and Art de Peña, Head of Loan Syndications and Distribution.
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TSL Express Daily Headlines & News
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Cambridge Savings Bank’s ABL Team Closes Deal with Worcester Envelope Company
November 18, 2019Cambridge Savings Bank (CSB) announced the closing of a senior secured credit facility with Worcester Envelope Company, a print and mail solutions company headquartered in Auburn, Massachusetts. The credit facility provided by CSB’s Asset-Based Lending Team allowed Worcester Envelope to refinance their existing bank debt and will support future working capital needs of the company.
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Access Capital Provides $4.6 Million for Acquisition By Advance Employment Services, LLC
November 18, 2019Access Capital is pleased to share news of its latest transaction with The managing partners of Advance Employment Services, LLC (“Advance”) recently engaged Access Capital to finance the purchase of the commercial staffing business of the AccessPoint family of companies, a professional employer organization in the greater Michigan area.
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Jason M. Rimland Joins Tannenbaum Helpern as a Partner in the Firm’s Corporate Practice
November 18, 2019Jason M. Rimland brings over 20 years of transactional experience to Tannenbaum Helpern. He represents private investment funds, emerging and middle market companies, entrepreneurs, financial institutions and family offices in domestic and cross-border mergers, acquisitions and dispositions; debt and equity financing; venture capital; private placements; secured lending transactions; fund formations, and licensing agreements.
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Direct Lenders Ready for Bonanza as US Economy Cools
November 18, 2019Private credit funds with deep pockets, capital flexibility and sticky investments are positioning themselves for the yield bonanza that could follow if a cooldown in the US economy was to further shutter bank liquidity and investor appetite for broadly syndicated loans.
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Cloud Computing, Customer Relationship Tools, Cyber Security Lead Priorities for Small Businesses
November 18, 2019- Ongoing investments in technology and talent are critical to staying competitive, according to CIT survey - Investing in technology cited as a top driver of growth over the past 12 months - Current workforces have the technology skills to keep pace with digital transformation, but hiring tech-savvy employees remains a focus
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Octet Wins Citi Fintech Payment Award
November 18, 2019Leading global bank Citi has recognized Octet’s unique technology-driven finance offering, highlighting the best-in-class security offered by the global supply chain finance specialist. Citi honoured Octet for its innovative financing solutions to counter one of the biggest problems facing the global fintech sector – providing assurance for payments.
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Strawberry Fields REIT Acquires A Skilled Nursing Facility for $3.15 Million
November 18, 2019Strawberry Fields REIT, LLC (Strawberry Fields), an owner and lessor of skilled nursing facilities, long-term acute care hospital facilities and assisted living facilities in the Midwestern and Southern U.S., announced it has acquired a skilled nursing facility located in Indiana. The purchase price was $3.15 million, and the deal was completed with all cash.
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Legacy Reserves Announces Confirmation of Plan of Reorganization
November 18, 2019Legacy Reserves Inc. ("Legacy") and certain of its subsidiaries (collectively, the "Company") announced today that the U.S. Bankruptcy Court for the Southern District of Texas confirmed the Company's Joint Chapter 11 Plan of Reorganization (the "Plan").
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Utica Leaseco, LLC Announces $750,000 Transaction
November 18, 2019Utica Leaseco, LLC provided a $750,000 true lease secured by Machinery and Equipment to a medical company located in California. Utica provided the working capital for this company for new purchases.
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Keith Herron Retiring From Regions Bank After 31-year Career
November 18, 2019Following a distinguished career spanning more than 30 years, Regions Bank announced today that Keith Herron, Senior Executive Vice President, Head of Corporate Responsibility and Community Engagement, will retire from Regions.
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Pioneer Bank Hires KeyBank Executive for Commercial Lending
November 18, 2019Pioneer Bank says it has hired former KeyBank executive Rob Nichols as senior vice president of commercial development. Nichols is known for his expertise in startup funding and comes to Pioneer Bank at a time when it is dealing with the collapse one of its major customers, the cloud-based payroll firm MyPayrollHR.
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Briar Capital Real Estate Fund announces a $4.785MM real estate loan to a Fashion Products Wholesaler
November 18, 2019Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce it has provided a $4.785MM real estate term loan to a Fashion Products Wholesaler located in Tampa, FL. The loan is secured by the company's owner-occupied office/warehouse facility.
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Cogent Bank Specialty Lending Team Closes Over $45 Million in New Transactions
November 15, 2019Michael Skat, Managing Director for Cogent Bank’s Specialty Lending Group stated, “We are off to a great start building this unique product line in a community banking environment. Our thoughtful approach in assembling an experienced, client focused team combined with innovative technology helps our customers manage their business more efficiently and effectively. The creation of the Specialty Lending Group is a testimony to the progressive mindset of our Executive Management Team and our Board of Directors.”
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Holland & Hart Enhances Real Estate Development and Finance Practice with Terry Gorrell, Ned Giles, and Kevin Giles
November 15, 2019Holland & Hart announced the addition of partner Terry Gorrell, of counsel Ned Giles, and associate Kevin Giles, deepening Holland & Hart’s multifaceted real estate development and finance practice. Gorrell and Ned Giles join the firm’s Denver office, while Kevin Giles joins the Aspen office.
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Survey Produced by Chubb and the National Center for the Middle Market Finds Growth Rate Slowing and Perception of Risk Escalating among Middle Market Companies
November 15, 2019Chubb and the National Center for the Middle Market (NCMM) – housed at The Ohio State University Fisher College of Business – have published a summary of findings from the most recent Middle Market Indicator (MMI), which underscores a slowing growth rate and a perception of escalating risk among middle market companies. Issued quarterly, the MMI explores current and emerging macro trends along with business risks across the middle market, measuring past and predicted revenue growth, employment growth, economic confidence levels and business investment.
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AEC Provides a $2,500,000 Finance Facility for Acquisition and Working Capital Needs of Indiana-based Sheet Metal Fabricator
November 15, 2019Advanced Energy Capital provided the funding for Alpine 4 Technologies, Ltd. (Alpine) to close on their latest acquisition of Deluxe Sheet Metal Inc. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations.
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CareerFlex, an Innovative Tech-Enabled Outplacement Service Launches Today
November 15, 2019The new cloud-based platform is specifically designed to offset traditional outplacement hurdles. Convenient, comprehensive, and cost effective, our technology prepares your displaced team members for their next chapter while helping you get the most out of your closing event.
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Sandy Walia to Lead Branch Banking in Northern California and the Pacific Northwest
November 15, 2019Union Bank named Sandy Walia as Regional President for Northern California and the Pacific Northwest Branch Banking division. Walia will oversee a network of 111 branches and nearly 600 employees in the region. In addition, she will continue to serve as Managing Director and Head of Client Services for PurePoint Financial, which is a division of MUFG Union Bank.
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Allen Parker to Leave Wells Fargo to Pursue Other Business Opportunities
November 15, 2019Wells Fargo & Company today announced that General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim CEO and President from March 2019 to October 2019, and then returned to the General Counsel role.
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CIBC Innovation Banking Backs Madwire® with US$16 Million of New Financing
November 15, 2019CIBC Innovation Banking is pleased to announce two separate transactions totaling US$16 million for Madwire®, LLC, a Fort Collins, Colorado-based technology company which provides software and services to meet the business management and marketing needs for small-to-medium sized businesses (SMBs).
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