- Culain Capital Provides $1MM AR Factoring Facility to California Staffing Company
- Asset-Based Lending & Factoring Surveys
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- TSL Feature Articles
- The LYCRA Company to Eliminate More than $1.2 Billion of Debt through Prepackaged Restructuring Process, Positioning Business for Long-Term Financial Stability and Growth
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Citizens Provides $30M Asset-Based Revolving Line of Credit to Ross-Simons
Citizens announced today that it has provided a new $30 million asset-based revolving line of credit to Cranston, R.I. based Ross-Simons, a leader in direct-to-consumer sales, specializing in offering unique and proprietary fine jewelry designs alongside a deep selection of classics such as diamond tennis bracelets and gold necklaces. Citizens is the Administrative Agent, Sole Lead Arranger and Sole Bookrunner.
Ross-Simons reaches consumers through a company-operated website, catalog, and its flagship retail store in Warwick, R.I. The company offers a wide selection of fine jewelry across a range of price points and is known for mixing materials and colors in unexpected combinations. The company was acquired earlier this month by Nonantum Capital Partners.
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Oz K. Lindley Joins First Business Capital Corp.
January 16, 2020First Business Capital Corp., a division of First Business Financial Services, Inc. (Nasdaq: FBIZ) is pleased to announce that Oz K. Lindley was hired as Vice President – Business Development.
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Christopher Saldana Joins First Business Capital Corp.
January 16, 2020In his role with First Business Capital Corp., Christopher Saldana is spearheading client acquisition efforts across the Southwestern United States. He has 20 years of experience underwriting asset-based lending facilities for companies across the country, with expertise in private equity businesses, multi-generational family owned businesses, and turnaround situations for companies experiencing challenges.
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Expansion Capital Group Names Brittney Newell Chief Financial Officer
January 16, 2020Expansion Capital Group (ECG) today announced the appointment of Brittney Newell to Chief Financial Officer. Newell will oversee the company's Finance, Accounting, Human Resources, and Underwriting departments. Newell joined the ECG team in early 2015, and has played a critical financial leadership role in the transformation and growth of ECG.
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Equipment Leasing & Finance Association Appoints Marc L. Hamroff To Its Legal Committee
January 16, 2020The Equipment Leasing & Finance Association (the ELFA) announced the appointment of Marc L. Hamroff, managing partner at Moritt Hock & Hamroff LLP (MH&H), to the ELFA’s Legal Committee. Hamroff’s appointment was effective January 1, and he will serve a three-year term on the committee.
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Four Veteran Finance and Real Estate Attorneys Join Waller in Birmingham
January 16, 2020Waller Lansden Dortch & Davis, LLP announced today that four prominent Birmingham attorneys – Jesse S. Vogtle, Jr., Randolph H. Lanier, Eric T. Ray and Paul H. Greenwood – have joined Waller's Birmingham office as partners. They previously practiced at Balch & Bingham, LLP.
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Hilco Global Hires Accomplished Commercial Real Estate Attorney Anne Garr
January 16, 2020Ms. Garr joins Hilco Global ( www.HilcoGlobal.com ) in the newly created position of General Counsel for Hilco Redevelopment Partners (HRP). In this role, she will be responsible for managing the day-to-day legal needs and robust deal flow within the growing HRP organization as well as certain legal assignments on behalf of the holding company. She will report to Eric Kaup, Executive Vice President – General Counsel of Hilco Global.
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Greenberg Traurig’s Miami Office Adds Attorneys In Litigation and Corporate Practices
January 16, 2020Global law firm Greenberg Traurig, P.A. has expanded its Miami office Litigation Practice and Corporate Practice with the addition of attorneys Humberto H. Ocariz and Jennifer D. Newton.
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Alvarez & Marsal Announces 2020 Managing Director Promotions
January 16, 2020Leading global professional services firm Alvarez & Marsal (A&M) has announced the promotions of 41 professionals, from the United States, United Kingdom, Germany, Brazil, Canada, China, Russia, Saudi Arabia, the United Arab Emirates and India to the position of Managing Director.
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Payless ShoeSource Emerges From Chapter 11 Bankruptcy
January 16, 2020Payless ShoeSource has emerged from bankruptcy for the second time, with a focus on international markets. The Topeka, KS-based company said Thursday it wants to reinvigorate its largest business unit, Latin America.
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MedMen Announces Closing of Secured Term Loan Amendment and Equity Placement
January 15, 2020MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announced the execution and closing of definitive documentation for the previously announced amendments to the terms and conditions of the US$78 million senior secured term loan (“October 2018 Loan”) with funds managed by Stable Road Capital and its affiliates (the “Term Loan Lenders”) and the closing of its previously announced US$20 million offering of Class B Subordinate Voting Shares.
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Williams Industrial Services Group Increases Revolving Credit Facility to $25 Million to Fund Strategic Growth Initiatives
January 15, 2020Williams Industrial Services Group Inc. (OTCQX: WLMS) (“Williams” or the “Company”), a construction and maintenance services company, announced it has successfully amended the terms of its revolving credit facility with Midcap Financial (the “Revolver”), increasing borrowing capacity by $10 million to $25 million and extending the maturity of the facility by one year to October 11, 2022.
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Exela Technologies Announces Closing of $160 Million Financing
January 15, 2020Exela Technologies, Inc., a location-agnostic global business process automation (BPA) leader across numerous industries, today announced that it has entered into a 5-year, $160 million accounts receivable securitization facility. Guggenheim Securities LLC acted as Exela’s financial advisor.
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Hahn & Hessen Law Firm Promotes New Partner in the Firm's Business Finance Group
January 15, 2020The New York based law firm of Hahn & Hessen LLP is pleased to announce that Ariele T. Strauss has become a partner in the Firm, effective January 1, 2020. Ms. Strauss was formerly a senior associate with the Firm. She concentrates her practice on secured commercial lending transactions. Her experience stretches across a wide range of domestic and cross-border transactions.
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Curaleaf Holdings, Inc. Announces Upsizing and Closing of $300 Million Senior Secured Term Loan Facility
January 15, 2020The proceeds will be used to refinance existing debt, satisfy transaction fees and expenses from previously announced acquisitions, fund capital expenditures and for general corporate purposes. The sole placement agent for the Facility is Seaport Global Securities LLC.
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Terra Firma Capital Corporation Announces the Closing of New Corporate Line of Credit for US$40 Million With Texas Capital Bank
January 15, 2020Terra Firma Capital Corporation (TII.V) ("Terra Firma" or the “Company”), is pleased to announce the closing of a US$40 million secured corporate line of credit (the “LOC”) with Texas Capital Bank (“Texas Capital”). The LOC replaces the previous corporate credit facility the Company had with a Canadian financial institution which was fully repaid in Q4 2019.
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Orrick Adds Leveraged Finance Advisor in London
January 15, 2020Orrick announced today that leveraged finance and direct lending rising star Anthony Kay has joined the firm as a partner in London. He joins Orrick from Latham & Watkins. Anthony joins an established finance team in London and will work alongside M&A and private equity partners James Connor and Daniel Wayte in growing the firm's private equity practice. James and Dan moved to Orrick in 2018 from Simpson Thacher and Milbank respectively.
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Imperial Capital Hires Senior Credit Sales Professional, Drew Hall
January 15, 2020Imperial Capital, LLC (“Imperial Capital”), today announced the continued expansion of its High Yield Sales Group with the hiring of Drew Hall, a senior high yield institutional sales professional who will be based in its New York Office.
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Shoreline Equity Partners Announces Recapitalization of Mr. Greens
January 15, 2020Shoreline Equity Partners, LLC, a purpose-driven lower middle market private equity firm, has partnered with management to recapitalize Florida Veg Investments, LLC. Senior financing for the transaction was provided by NXT Capital and the junior debt financing was provided by Nuveen. SunTrust Robinson Humphrey represented Mr. Greens in the transaction.
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McLean Wilson Appointed Breakout Capital CEO and President
January 15, 2020Breakout Capital, a leading nationwide small business lender focused on transparent, business-friendly loans and product innovation, announced today the promotion of McLean Wilson from Chief Credit Officer to Chief Executive Officer and President. The industry veteran steps into the role with deep experience in asset-based lending, factoring, asset management, and capital raising for alternative investments.
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Ares Commercial Finance Provides a $17 Million Credit Facility to Cox Interior, Inc.
January 15, 2020Ares Commercial Finance announced that it has provided a $17.3 million senior secured credit facility to Cox Interior, Inc. comprised of a revolving line of credit and a term loan secured by real estate, machinery and equipment. Proceeds from the financing were used to refinance the company’s debt and to provide for ongoing working capital needs.
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