- New Tiger Group Division Monetizes Surplus Energy and Industrial Equipment for Global Energy Companies
- Lincoln Educational Services Announces Increase of Credit Facility to $125 Million to Support Growth Initiatives
- Market Sizing Study
- SSG Advises Burgess BioPower in the Sale of its Debt to Keyframe Capital Partners and its Chapter 11 Plan of Reorganization
- Attain Finance Successfully Upsizes Heights Finance Credit Facility
TSL Express Daily Articles & News
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B. Riley Financial Hires Dan Kraft and Tim Bottrell to Launch Financial Sponsors Group
B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a leading business advisory and financial services company, today announced the launch of B. Riley Financial Sponsors Group. The team will focus on developing and maintaining relationships with alternative capital managers, including private equity firms, family offices, sovereign wealth, credit funds and hedge funds. Dan Kraft and Tim Bottrell recently joined B. Riley to lead the group as Co-Directors of Financial Sponsors Coverage.
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Weatherford Files Second Amended Plan Of Reorganization
September 10, 2019Second amended Plan of Reorganization contemplates up to $2.1 billion in post-emergence new senior unsecured notes financing and at least $600 million in post-emergence first lien revolving credit facility financing
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PG&E Files Joint Chapter 11 Plan of Reorganization
September 10, 2019PG&E Corporation and Pacific Gas and Electric Company (together “PG&E”) today filed a joint Chapter 11 Plan of Reorganization (the “Plan”) in the United States Bankruptcy Court for the Northern District of California (the “Bankruptcy Court”).
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Triumph Group Announces Pricing Of $525 Million Of 6.25% Senior Secured Notes Due 2024
September 10, 2019Triumph Group, Inc. ("Triumph") (NYSE:TGI) today announced the pricing of its previously announced offering of $525 million in aggregate principal amount of senior secured notes due 2024 (the "Notes").
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Aurora Cannabis Closes Expanded C$360 Million (US$280 Million) Credit Facility
September 10, 2019Aurora Cannabis Inc. ("Aurora or the "Company") (NYSE | TSX: ACB), the Canadian company defining the future of cannaorldwide, is pleased to announce that it has closed its previously announced amended and bis wupsized credit facilities with a syndicate of lenders led by the Bank of Montreal ("BMO").
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Virtu Financial, Inc. Commences Marketing of Senior Secured First Lien Term Loan to Redeem Senior Secured Second Notes Due 2022
September 10, 2019Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a leading provider of financial services and products that leverages cutting edge technology to deliver liquidity to the global markets and provide execution services and data, analytics and connectivity products, today announced that its subsidiaries commenced marketing of a $525.0 million senior secured first lien term loan (the “Term Loan”) due in 2026.
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Concord Serves As Exclusive Financial Advisor and Arranges $20MM in Senior Debt
September 9, 2019Concord Financial Advisors announced that is arranged a $20 million senior secured revolving line of credit for a Midwest Lighting Company. The line of credit will be used to refinance existing debt and provide additional working capital.
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First Commonwealth Bank Announces the Completion of its Acquisition of 14 Santander Bank Branches in Central Pennsylvania
September 9, 2019First Commonwealth Financial Corporation (NYSE: FCF) today announced that its banking subsidiary, First Commonwealth Bank (“First Commonwealth”), completed the purchase of 14 central Pennsylvania retail banking locations from Santander Bank, N.A.
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Conway MacKenzie Launches Consumer Products Practice
September 9, 2019This team will help clients capitalize on growth opportunities and navigate challenges while facing unprecedented disruption from e-commerce, demographics trends, regulatory uncertainty, and shifts in consumer-brand relationships.
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Hilco Global Donates More Than $75,000 of Children’s Shoes to Disadvantaged Youth
September 9, 2019The in-kind donation is valued at over $75,000 at retail, and the shoes are being distributed through the Hilco Global philanthropic arm called Hilco Helps (www.hilcohelps.com).
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VMAC Holdings Announces New $5 Million Line of Credit Facility
September 9, 2019VMAC Holdings LLC, a national owner and operator of rideshare, microtransit, and Transportation as a Service fleets, today announced the closing of a $5 million line of credit facility with Mercedes-Benz Financial Services USA LLC, a leading, captive financial services provider within the Daimler Mobility AG group of companies
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King & Spalding’s New York Office Adds Corporate Partner Jonathan Arkins
September 9, 2019King & Spalding today announced that Jonathan Arkins has joined as a partner in the firm’s Corporate, Finance and Investments (CFI) practice group in its New York office.
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Artis Trade Systems Continues Rapid Growth
September 9, 2019Artis Trade Systems (“Artis”) continues its rapid growth as it added another client to ArtisPay©, Artis’ Supply Chain Finance (SCF) software platform. On August 28th, Artis entered into an agreement with an independent lender based out of Austin, TX.
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Allied Affiliated Funding Announces Closed Transaction
September 9, 2019Allied Affiliated Funding, a division of Axiom Bank, N.A. provided $1,500,000 in receivables financing to a Florida-based company that has been in business for over a decade, designing and assembling communication systems for the government and large, commercial companies and $150,000 in receivables financing to a Texas-based start-up.
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Rosenthal Provides $3M PO Finance Facility for Women's Footwear Importer
September 9, 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 $3 million inventory production finance deal for an iconic importer of women’s footwear.
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Sallyport Commercial Finance Supports a Manufacturer in the Food and Beverage Industry
September 9, 2019With Sallyport’s assistance, the company intends to expand their product line and progress into other major Canadian retailers. Sallyport Commercial Finance is excited to collaborate with this company as they continue to fulfill their Hopes and Dreams and provide their customers with the “perfect tortilla.”
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Cheniere Partners Announces Offering of $1.0 Billion Senior Notes Due 2029
September 9, 2019Cheniere Partners intends to use the proceeds from the offering to prepay all of the outstanding term loans under its senior secured credit facilities due 2024 (the “CQP Credit Facilities”) and for general corporate purposes, including funding future capital expenditures in connection with the construction of Train 6 at the Sabine Pass liquefaction project.
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Tradewind Closes $15 Million Credit Facility for Manufacturer Headquartered in Europe
September 9, 2019Tradewind has provided a $15 million credit facility to a 75-year-old manufacturer headquartered in Europe with a subsidiary in the USA. The company sells globally and is using the facility to support 120-day open account payment terms.
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ExWorks Capital Welcomes Donald Baty To The Team
September 9, 2019After 34 years in private practice, Don joined ExWorks Capital as Chief Transaction Counsel and Managing Director in July 2019. He is responsible for managing and supervising legal matters for both domestic and international financing transactions.
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Abacus Finance Supports May River's New Portfolio Company, AMP, to Buy Kason Corporation
September 9, 2019Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced that it served as Administrative Agent and Sole Lender for senior secured credit facilities to support the acquisition of Kason Corporation by Advanced Material Processing (“AMP”), a newly-formed May River Capital portfolio company.
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Calumet Specialty Products Partners, L.P. Announces $100 Million Expansion of its Revolving Credit Facility
September 9, 2019Calumet Specialty Products Partners, L.P., a leading independent producer of specialty hydrocarbon and fuels products, today announced that it has successfully amended the terms of its existing asset-based loan facility (the "ABL" or "the facility") to increase the borrowing base on the facility by approximately $100 million.
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