- Jones Day Names 33 new Partners
- TAB Bank Extends a $15 Million Asset-Based Lending Facility to Gehr Industries
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- nFusion Capital Provides $2 Million Factoring Facility for a Staffing Company
- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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BDO USA Welcomes Brent Worthy to its Business Restructuring and Turnaround Services Practice
BDO USA, LLP announced that Brent Worthy recently joined the firm’s Business Restructuring and Turnaround Services practice, with a primary focus on covering the Southwest regional markets. Worthy, a seasoned leader in the management consulting space, has more than 15 years of experience creating and preserving value for organizations through corporate restructuring, M&A strategy and execution, and digital finance transformation.
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TSL Express Daily Headlines & News
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Cheniere Energy, Inc. Announces Intent to Offer $1.0 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holdings, LLC
November 6, 2019Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH") intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2029 ("CCH 2029 Notes").
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Utica Equipment Finance Completes Funding of a Capital Lease Line
November 5, 2019Utica Equipment Finance completed the funding of a capital lease line up to $2.0MM secured by passenger cars to a for-hire vehicle rental car company located in the northeast. Utica provided the working capital for this company to expand and grow operations.
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Bruin Sports Capital Strikes Partnership With CVC Capital Partners, Jordan Co.
November 5, 2019Bruin Sports Capital, a privately held investing concern founded by George Pyne that invests in and operates sports and entertainment companies, said Tuesday it had entered into a long-term strategic partnership with private equity firms CVC Capital Partners and The Jordan Company. The initial investment from the two companies is $600 million.
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Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking
November 5, 2019Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Mr. Fanter, a 31-year banking veteran, will be responsible for managing Opus’ Retail Banking division, including overseeing its 46 banking offices located in California, Washington, Oregon, and Arizona.
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JPMorgan Hires Bankers for New Venture Capital Coverage Team
November 5, 2019JPMorgan Chase & Co said on Tuesday that it hired a team of four bankers to lead a new team in its commercial bank that connects venture capital investors with fast-growing start-ups in technology, life sciences and other fields.
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Siena Lending Group LLC Announces an Increase in its Credit Facility with Wells Fargo Bank, N.A. to Over $300 Million
November 5, 2019Siena Lending Group LLC (“Siena”), a leading asset-based lending company, announced today an increase in its senior credit facility with Wells Fargo Bank, N.A. to $312.5 million.
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G2 Capital Advisors Hires Howard Lanser as Head of Capital Markets
November 5, 2019G2 Capital Advisors ("G2"), a leading financial advisory firm is pleased to announce that Howard Lanser has joined the firm as a Managing Director and Head of Capital Markets. Lanser will oversee G2's extensive capital markets platform, partnering with Louise Roussel, Director of Capital Markets in enhancing the firm's execution of complex financings for our clients.
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CIT Leads $80 Million Revolving Credit Facility for AerFin Holdings
November 5, 2019CIT Group Inc. (NYSE: CIT) today announced that its Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.
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Paul Whyte Joins Wells Fargo’s Corporate & Investment Banking and Commercial Real Estate Groups
November 5, 2019Wells Fargo Wholesale Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Paul Whyte is joining its Corporate & Investment Banking (CIB) and Commercial Real Estate (CRE) groups, effective November 12, as a managing director focused on real estate investment banking and hospitality finance.
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MidCap Business Credit LLC Completes $5 Million ABL Facility
November 5, 2019MidCap Business Credit LLC announced today that it has completed a $5 Million Asset Based Credit Facility to Blonder Tongue Laboratories, Inc. (NYSE American: BDR) Headquartered in Old Bridge, NJ, Blonder Tongue Laboratories, Inc. is the oldest designer and manufacturer of cable television video transmission technology in the USA.
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Stelco Announces $100 Million Term Loan
November 5, 2019Stelco Holdings Inc. ("Stelco" or the "Company") (STLC.TO) today announced that its wholly-owned subsidiary, Stelco Inc. ("Stelco Inc.") has amended its asset-based credit facility ("ABL Credit Facility") to include a $100 million secured term loan due August 2023 (the "Loan").
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Jupiter Receives Additional Extension to Credit Facility
November 5, 2019Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until December 6, 2019.
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Delphi Energy Corp. Announces Extension of Credit Facility
November 5, 2019Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized.
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Equity Residential Announces $2.5 Billion Revolving Credit Facility and Increase to its Commercial Paper Program
November 5, 2019A total of 22 lenders (and in certain cases their affiliates) participated in the operating partnership’s $2.5 billion revolving credit facility, including BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, as Joint Bookrunners and Joint Lead Arrangers. Barclays Bank PLC, Citibank, N.A., Deutsche Bank Securities, Inc., Morgan Stanley Bank, N.A., Royal Bank of Canada, and U.S. Bank National Association acted as Joint Lead Arrangers and Co-Syndication Agents.
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Derek Carrus Joins Heritage Global Valuations
November 5, 2019Heritage Global Valuations (HGV), a division of Heritage Global Partners, a leading asset liquidation and appraisal firm, announced today the addition of Derek Carrus to its growing valuation team. Mr. Carrus will be based in Heritage’s Boca Raton, Florida office.
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McGuireWoods Continues Texas Growth With Arrival of Debt Finance Partner Phyllis Young
November 4, 2019Phyllis Young, an accomplished transactional lawyer who advises public and private companies, commercial banks and investment funds in financing transactions and has extensive energy industry experience, has joined McGuireWoods’ debt finance practice as a partner in the firm’s Dallas and Houston offices.
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North Mill Capital LLC Provides Accounts Receivable Facility
November 4, 2019North Mill Capital LLC announced it has provided a $750,000 accounts receivable facility for Aqua Green Services. The funds were used to pay off the current lender and provide additional working capital for the company.
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Wilmington Trust Appoints Alex Pashley as New Head of Structured Finance in the UK
November 4, 2019Wilmington Trust, a leader in corporate and institutional services, has appointed Alex Pashley as Head of Structured Finance in the UK. Based in the firm's London office, he joins the Global Capital Markets European business, reporting to Alan Geraghty, Group Vice President and Head of European Operations.
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OCC Issues Final Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements
November 4, 2019The Office of the Comptroller of the Currency (OCC) today announced a final rule to tailor capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets to more closely match their risk profiles. The final rule builds on the OCC’s existing practice of tailoring capital and liquidity requirements based on the size, complexity, and overall risk profile of banking organizations.
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Brad Quade Joins First Business as Deputy Chief Credit Officer
November 4, 2019Brad has over 30 years of experience in the banking industry, having worked at both publicly traded and privately owned institutions. He has led successful lending teams in commercial banking, investment real estate, and equipment leasing as well as treasury management services.
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