- Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
- Restoring Bankability: How a $4MM CRE Line of Credit from Flatbay Capital Protected a Century of Service
- PNC Receives Regulatory Approvals for Acquisition of FirstBank
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Siena Lending Group LLC Announces the Closing of a $25.0 Million Credit Facility
Siena Lending Group LLC (“Siena”) announces the completion of a $25 million asset-based revolving line of credit for Vault Pressure Control LLC (“Vault Pressure Control”). The facility was provided in conjunction with Pelican Energy Partners to fund the acquisition as well as for working capital needs to support future growth.
Vault Pressure Control, based in Houston, Texas, was formerly the Surface Pressure Control Flow business unit of the Oilfield Equipment segment of Baker Hughes. The newly independent company is wholly focused on providing outstanding customer service and world-class products to pressure control customers in the US, Canada, Australia, Papua New Guinea, and Trinidad & Tobago markets.
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TSL Express Daily Headlines & News
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Black Diamond Group Announces New $200 Million Asset-Based Credit Facility
October 28, 2019Black Diamond Group Limited (“Black Diamond” or “the Company”) (TSX: BDI) announced today that the Company has agreed to terms with respect to a four-year secured asset-based revolving credit facility (“Facility”).
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Entrepreneur Growth Capital Closes Working Capital Facility
October 27, 2019Entrepreneur Growth Capital (“EGC”) is pleased to announce that it has closed a $4MM working capital facility to a New York-based industrial painting company (“the Company”). The Company has grown with the New York City building boom and recently acquired a competitor. However, its long time bank was reluctant to increase its line of credit. EGC offered a higher line with increased availability against accounts receivable.
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Ares Commercial Finance Provides a Senior Secured Credit Facility to Saylite Holdings LLC
October 27, 2019Ares Commercial Finance announced that it has provided a senior secured credit facility to Saylite Holdings LLC and its subsidiaries (“Saylite”). Saylite is owned by CORE Industrial Partners. The proceeds will be used to refinance the company’s existing debt and for ongoing working capital to support Saylite’s growth and potential future acquisitions.
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Finacity Facilitates MXN$750 Million Consumer Loan Securitization Program for Crédito Real
October 27, 2019Finacity Corporation (“Finacity”) is pleased to announce that it has successfully facilitated a MXN$750 million consumer loan securitization program of Crédito Real, S.A. B. de C.V., SOFOM, E.N.R. (“Crédito Real”). The securitization was placed in the Mexican capital markets (CREL19CB) with a five-year tenor that will be secured by a portfolio of consumer loans that are deducted from the pensions and retirees of the Mexican Institute of Social Security (“IMSS”).
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IBC Advanced Alloys Secures Extension of Line of Credit and Term Loan Facility with BMO Harris Bank
October 27, 2019IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that it has secured a renewal of its existing line of credit and term loan facility with BMO Harris Bank (”BMO”). The renewal of both the BMO line of credit and term loan facility extends the facility until September 30, 2020.
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Kitchen Collection Is Closing 160 Stores Across The US
October 27, 2019Kitchen Collection is now offering deep discounts at their 160 retail stores after the announcement was made earlier this week to close the retail business by the end of 2019. The Kitchen Collection, LLC is a national specialty retailer of kitchenware primarily in outlet malls throughout the United States. Retail store closing sales are being conducted by Hilco Merchant Resources.
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Jane Fraser Named President of Citi and Head of Global Consumer Banking
October 27, 2019Citi today announced leadership changes in the below message to colleagues from CEO Michael Corbat.
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Pacific Western Bank’s Corporate Asset Finance Group Hires Columbus Johnson
October 27, 2019Pacific Western Bank is pleased to announce the addition of Columbus Johnson as Senior Vice President, Originations. Johnson has worked in the equipment finance and leasing industry for 20 years. In his new role with the Bank, Johnson will be responsible for originating and structuring new business opportunities, with a focus on the rail and power sectors.
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Shulman Rogers Welcomes R. Timothy Bryan To Lead Commercial Finance Practice
October 27, 2019Shulman Rogers is pleased to announce that R. Timothy Bryan has joined the firm as Chair of the Commercial Finance Practice. During his 30-year legal career, Tim has amassed significant knowledge in the corporate finance arena, concentrating on commercial finance transactions ranging from $5 million to in excess of $500 million across a myriad of industries such as manufacturing and distribution, healthcare and biotech, telecommunications and IT, government contracting, media and marketing, cannabis and other business services.
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Stonebriar Completes $150.0 Million Investment Grade Offering of Unsecured Notes Due 2024
October 27, 2019Stonebriar Commercial Finance (“Stonebriar” or the “Company”), an Eldridge Industries business and a leading independent large-ticket commercial finance company, today announced the closing of a private issuance of $150.0 million aggregate principal amount of notes due 2024 initially assigned a “BBB (low)” rating by DBRS, Inc. (the “Notes”).
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United States Steel Corporation Completes $1.1 Billion of Incremental Financing to Support Strategy Execution
October 27, 2019United States Steel Corporation (X) (“U. S. Steel”) today announced that it has completed approximately $1.1 billion of financing activities to support the execution of the Company’s “best of both” strategy.
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Reliant Bancorp to Acquire Tennessee’s First Advantage Bank
October 24, 2019Reliant Bancorp, Inc. (“Reliant”) (Nasdaq: RBNC), the parent company for Reliant Bank, announced today that it has entered into a definitive agreement to acquire First Advantage Bancorp (“FABK”), the parent company for First Advantage Bank (“FAB”), located in Clarksville, Tennessee.
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Cambridge Wilkinson Investment Banking Announces Transaction
October 24, 2019Cambridge Wilkinson arranged $75 million in debt for a multi-strategy real estate development firm focusing on workforce housing, ground up-development and tax credit-related estate transactions.
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SSG Advises Mairec Precious Metals U.S., Inc. in the Sale of Substantially All of its Assets to BASF Corporation
October 24, 2019SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Mairec Precious Metals U.S., Inc. ("Mairec" or the "Company") in the sale of substantially all of its assets to BASF Corporation ("BASF"). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of South Carolina. The transaction closed in October 2019.
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Oxford Finance Provides Credit Facility to Acquire Kansas Skilled Nursing Portfolio
October 24, 2019Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a term loan to a portfolio company of Skyway Group that will be managed by Mission Health Communities LLC ("Mission Health"), a provider of senior living and skilled rehabilitation communities. The funds will be used for the acquisition of 15 skilled nursing facilities in Kansas.
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First Business Capital Corp. Announces Closed Asset-Based Lending Deal for Turnaround
October 24, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $12,000,000 revolving line of credit facility and real estate term loan for a home and bath storage products distributor in Oregon.
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Gateway Trade Funding Completes Two New Transactions
October 24, 2019
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Allied Affiliated Funding Announces Closed Transactions
October 24, 2019Allied Affiliated Funding closed $500,000 in receivables financing to a Texas-based company that provides staffing services, primarily to the oil and gas industry and $150,000 in receivables financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies.
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Amerisource Closes $1,000,000 Credit Facility for Developer Company
October 24, 2019Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a web and applications developer based in Illinois. Proceeds of the facility are being used to support the Company’s growth.
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FTI Consulting Launches M&A Advisory Offering in Spain
October 23, 2019FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juan Carlos Raposo as a Senior Managing Director in Madrid to lead its M&A Advisory offering, FTI Capital Advisors Spain. With the appointment of Mr. Raposo, FTI Consulting expands its global footprint for M&A services to serve clients in Spain and throughout Europe.
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