- First Business Bank's Asset-Based Lending Team Funds $5.1 Million Credit Facility To Support Manufacturer Acquisition
- Market Sizing Study
- Concord Serves as Exclusive Financial Advisor for $13.75MM in Senior Credit Facilities for a Higher Education Institution
- Squire Patton Boggs Launches Sovereign Advisory Group with Addition of Potomac Group Founder Jill Dauchy
- JPalmer Collective Expands Team with Jonathan Joubran in Business Development Officer Role
TSL Express Daily Articles & News
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eCapital Corp. ("eCapital" or "the Company), a leading alternative finance provider in North America, today announced it has acquired UK-based specialty lender and factoring company Advantedge Commercial Finance. The acquisition will allow eCapital to continue building out its full suite of specialty lending solutions and geographically diversify its book of business.
Advantedge is a leading privately-owned invoice financing company providing cash flow solutions to small and medium-sized businesses in the UK. Founded in 2001, the Company currently provides funding to UK businesses seeking alternative financing. Since November 2016, revenues for Advantedge have grown almost threefold and EBITDA has increased by 2.5 times over that period.
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TSL Express Daily Headlines & News
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Crystal Financial Agents Senior Credit Facility for CDS
September 24, 2019Crystal Financial LLC announced the closing of a Senior Credit Facility for Computer Data Source (“CDS” or “the Company”) An accordion facility was also provided. CDS is a leading specialist provider of enterprise-level data center third-party maintenance, focused on high-end data storage.
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Monroe Capital Sponsors Second SPAC - Thunder Bridge Acquisition II, Ltd.
September 24, 2019Monroe Capital LLC today announced it co-sponsored Thunder Bridge Acquisition II, Ltd. (“Thunder Bridge II”), a special purpose acquisition company (“SPAC”). This is the second SPAC that Monroe Capital has co-sponsored. Last year, Monroe Capital co-sponsored Thunder Bridge Acquisition, Ltd. and supported its successful business combination with Repay Holdings Corporation (NASDAQ: RPAY).
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Business Capital Delivers $16.5 Million Financing for Premier Fruit Company
September 24, 2019Business Capital structured and delivered a $16.5MM project finance loan for Naumes, Inc., a family-owned operation that has been growing, packing, storing and selling tree fruit for over seven decades to domestic and international markets.
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sPower Closes Debt and Tax Equity Financing for 218 MW Wind Farm
September 23, 2019sPower, a leading renewable energy Independent Power Producer (IPP), today announced that the company closed on the debt financing and tax equity commitment for Prevailing Wind Park, in Bon Homme, Charles Mix and Hutchinson Counties in South Dakota.
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Stenn Closes Unsecured Seven Figure Trade Finance Facility for Photographic Paper Importer in USA
September 23, 2019This new facility was closed in less than 60 days and is being used to help increase sales and support open account payment terms to overseas suppliers.
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Northstar Announces Hiring of New Director of Distressed Acquisitions and Debt, Jonathan Smith
September 23, 2019Today, Northstar Commercial Partners is thrilled to announce the hiring of Jonathan Smith, who will be focused on strategically sourcing distressed commercial real estate properties and mortgages from banks and financial institutions.
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Commercial Finance Partners Announces Kevin Soles has Joined to Manage Business Development Efforts in the Northeast
September 23, 2019Commercial Finance Partners, headquartered in Boca Raton, Florida, is pleased to announce the recent addition of Kevin Soles to manage business development efforts in the Northeast.
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Maverix Metals Closes US$120 Million Credit Facility
September 23, 2019Maverix would like to thank Canadian Imperial Bank of Commerce and National Bank of Canada for their continued support and confidence in the Company's business model as well as welcome The Bank of Nova Scotia as a new member to the syndicate. Maverix intends to use the Increased Facility for future royalty and stream acquisitions
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Atlantic Risk Strengthens its European Footprint and Lands in Germany
September 23, 2019Atlantic RMS the leading provider of Diligence, Workout and Collection Services to the ABL, ABS and Receivables Finance Industry, has extended its reach and presence in Germany.
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ServisFirst Bank Announces New Commercial Banking Team for Charleston, SC and Naples, FL Markets
September 23, 2019Kurt Sequer, Senior Vice President, Commercial Banking, Steve Humphreys, Senior Vice President, Commercial Banking, Brian Michel, Senior Vice President, Commercial Banking, and Christy Chumney, Assistant Relationship Manager joined the Charleston, SC location.
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BancorpSouth Hires Jake Munn to Lead Corporate Commercial and Industrial and Syndications Lending
September 23, 2019BancorpSouth Bank (NYSE: BXS) announced today that it has hired Jake Munn as president of Corporate Commercial and Industrial (C&I) and Syndications Lending to help the bank diversify its loan portfolio and build out its loan syndications operations.
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Utica Leaseco and Utica Equipment Finance Announce Transactions
September 23, 2019Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of two transactions totaling over $8,000,000 during the week of September 16-20, 2019.
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BBVA USA Hires Luisa Gavino Martinez as Commercial Relationship Manager in Austin Market
September 23, 2019BBVA USA announced today that it has named Luisa Gavino Martinez as its new Commercial Relationship Manager, where she will be tasked with managing and developing a robust portfolio of commercial and Global Wealth clients in the Austin market.
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Austin Financial Services Provides a $3MM Revolving Credit Facility to a Specialty Chemical Compounds Developer & Manufacturer
September 23, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM senior secured credit facility comprised of an AR and Inventory revolver to a southwest based developer & manufacturer of specialty chemical compounds used in oil & gas drilling and road constructio
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OSG Announces Completion of Refinancing and Amended Credit Facility
September 23, 2019OSG Group Holdings, Inc., the parent company of OSG Billing Services (with its related companies, “OSG”), a leading provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management, today announced that it has completed a significant debt refinancing in connection with the acquisitions of Communisis PLC and NCP Solutions at the end of 2018.
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Fifth Third Business Capital Canada Provides $7 Million for CLT Logistics
September 23, 2019Fifth Third Business Capital Canada Inc., a subsidiary of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $7,000,000 senior credit facility to Scarborough, Ontario, Canada-based CLT Logistics, Inc.
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Global Ship Lease Announces New Five-Year $268 Million Credit Facility for Debt Refinancing
September 19, 2019Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024.
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MidCap Business Credit Closes Facility for Global Tissue Group, Inc.
September 19, 2019Headquartered in Medford, NY, Global Tissue Group is a leading private label paper manufacturer for paper towels, napkins, bath and facial tissue.
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Crestmark Provides More Than $33 Million in Commercial Financing to 71 Businesses in the First Half of September
September 19, 2019Crestmark secured a total of $12,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,041,309 in four new lease transactions; Crestmark Vendor Finance provided $4,761,049 in 53 new lease transactions; and the Government Guaranteed Lending Division provided $5,730,000 in financing for four new clients in the first half of September.
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Utica Equipment Finance Announces New Hire
September 19, 2019Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Byron Howell has joined the Company as Managing Director-Sales. He will be responsible for sourcing and developing client and referral source relationships throughout the United States.
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