- Access Capital Provides a $3.5 Million Revolving Credit Facility for Leading Background Screening Provider
- Jennifer Meyerowitz Joins KCP Advisory as Senior Managing Director and General Counsel
- Nicholas Maggio Joins Rosenthal Capital Group as SVP and Portfolio Manager for CPG+
- Encina Private Credit Provides a $50 Million First Out Commitment as a Term Loan Lender for a Management- Owned Company
- First Bank Welcomes Carmen Caporrino as Senior Vice President, Relationship Manager
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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Freight Factoring Company ITC - Invoice to Cash Announces the Relaunch of Their Brand and Website to Better Serve the Trucking Industry
October 16, 2019– ITC - Invoice to Cash, an Accutrac Capital Group Company, is excited to announce the launch of their new branding and accompanying website. ITC – Invoice to Cash provides fast and dependable financial solutions to small and medium sized trucking companies. This refreshed branding was done to better serve the North American trucking industry – with a focused effort to deliver services catered to the Hispanic market.
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Prestige Capital Retains Midwest Sales Director
October 16, 2019Prestige Capital, a 34-year-old specialty finance company based in Ft. Lee, NJ recently hired Stacey Huddleston of Kansas City, Missouri to join its team as Sales Director, Midwest. Mr. Huddleston has almost two decades worth of experience in the financial services sector specifically in the Commercial & Industrial and asset-based lending spheres.
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Lawson Products Announces New Credit Facility
October 16, 2019Commitments upsized to $100 million, plus an accordion feature. Further supports acquisition and organic growth strategies. JPMorgan Chase and Bank of America Join Bank Group
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Endava Announces Completion of New Corporate Revolving Credit Facility
October 16, 2019On October 12, 2019, Endava plc (the “Company”) along with Endava (UK) Limited, Endava Inc. (the “Original Borrowers”) and Endava LLC (together with the Original Borrowers, the “Original Guarantors”) entered into a new multicurrency revolving credit facility (the “Multicurrency Revolving Credit Facility”) with HSBC Bank plc as agent
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Rosenthal Provides $5 Million Dual Production Finance and Asset Based Lending Facility for Specialized Horticulture Lighting Manufacturer
October 15, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset based lending and purchase order financing firm in the United States, today announced the completion of a recent combined $5 million inventory production and asset based lending deal...
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Electrical Installations Specialist “Worthy” of $3MM Receivables, Inventory and Equipment ABL
October 15, 2019Worthy Lending LLC (WL) closed a multi-collateral ABL revolving finance facility for a northeastern electrical installation specialty company.
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SG Credit Partners Provides $6.5 Million to SaaS Company
October 15, 2019This transaction highlights SGCP’s ability to write larger checks as a result of its recent capital raise as well as our ability to provide a one-stop solution.
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MidCap Closes on $4,000,000 Asset Based Credit Facility for Trans-Lux Corporation
October 15, 2019Trans-Lux is a leading designer and manufacturer of high-performance state-of-the-art digital display solutions and fixed digit scoreboards. The asset based credit facility is comprised of a working capital revolver and a machinery and equipment term loan.
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Monroe Capital Supports Alpine Investors’ TEAM Services Group
October 15, 2019Monroe Capital LLC today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support TEAM Services Group’s partnership with AmeriBest Home Care, Inc.
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BHI Appoints Oleg Kochanov to Lead Independent Underwriting Team
October 15, 2019New underwriting team will support BHI’s continued growth.
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Coral Capital Solutions Extends $1.2 Million Factoring Facility to Fast Growing Food Distributor
October 15, 2019Coral Capital Solutions, a leading provider of financing solutions for businesses, today announced a $1.2 million annual factoring facility with a fast growing startup distributor of natural frozen hand-held pies.
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CoMetrics Partners LLC Appoints John La Lota as Managing Director
October 14, 2019Most recently John was the President of the Commercial Services division of Sterling National Bank where he led specialty lending teams in a highly regulated banking environment. Under John’s 20 year leadership, Sterling grew to one of the largest factoring companies in the United States.
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Corporate Energy Lawyer Michael Freeman Joins Haynes and Boone as Partner
October 14, 2019Freeman handles a broad array of matters in the middle-market energy sector, including mergers and acquisitions, divestitures, securities offerings and other entity governance and commercial transactions. He primarily advises private equity-sponsored midstream and upstream energy ventures.
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Keyword Studios Secures up to €140m Credit Facility
October 14, 2019The new financial facility is provided by Barclays Bank, Citibank N.A., HSBC and Silicon Valley Bank for an initial €100m over a three-year term, with the option to extend the facility up to €140m and by a further two years, the company said.
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Gateway First Bank Names Peter Moenickheim as New Chief Risk Officer
October 14, 2019In this role, Moenickheim will provide executive oversight to the company’s credit and risk management teams. His responsibilities will span all efforts in enterprise risk management, compliance and quantitative analytics.
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Alternative Credit Scoring Fintech CredoLab Partners With iovation to Fight Credit Fraud
October 14, 2019CredoLab, a Singapore-based developer of bank-grade digital credit scorecards based on anonymous smartphone metadata, has partnered with iovation, a TransUnion company, specializing in device-based fraud detection and authentication solutions.
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North Mill Capital LLC Announces Facility
October 14, 2019North Mill Capital LLC announced it has provided a $3,500,000 accounts receivable credit facility for Innominds Software, Inc., based in San Jose, California. The funds were used to pay off the previous lender and provide working capital for the company.
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ALL Forever 21 Canada Stores are Closing; Liquidation Sale Begins Tuesday, October 8
October 14, 2019Gordon Brothers and Hilco Global announced that they will be operating liquidation sales beginning October 8, 2019 at all Forever 21 stores throughout Canada. This announcement comes after Forever XXI ULC (“Forever 21 Canada”) obtained an Order from the Ontario Superior Court of Justice on Monday October 7, 2019 approving a process to liquidate all locations. A full listing of closing locations can be found here.
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Patricia Sutter Named Head of Wells Fargo Corporate Trust Services
October 14, 2019Wells Fargo & Company (NYSE: WFC) announced today that Patricia Sutter, an industry and Wells Fargo veteran, has been named head of Wells Fargo Corporate Trust Services (CTS), effective October 15. Sutter will remain based in Chicago and report to David Marks, head of Wells Fargo Commercial Capital (WFCC). She replaces Troy Kilpatrick, who has led CTS since 2014 and is moving into a new leadership role supporting Wells Fargo's risk transformation work.
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BBVA Inland Empire Market Announces David Galvez as its new Commercial Banking Relationship Manager
October 10, 2019BBVA USA has announced that it has hired David Galvez as its new Commercial Banking Relationship Manager, continuing its growth in the Inland Empire market less than a year after naming new leadership.
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