- Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
- Commercial Metals Announces Credit Facility Amendment
- Gordon Brothers Invests in Rachel Zoe
- Brean Capital Extends and Upsizes Bank Credit Facility to $150 Million for Regents Capital
- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
TSL Express Daily Articles & News
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The PNC Financial Services Group, Inc. (NYSE: PNC) and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE and MAD: BBVA) today announced that they have signed a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion to be funded with cash on hand in a fixed price structure.
BBVA USA Bancshares, with $104 billion in assets and headquartered in Houston, Texas, provides commercial and retail banking services through its banking subsidiary BBVA USA and operates 637 branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. When combined with PNC's existing footprint, the company will have a coast-to-coast franchise with a presence in 29 of the 30 largest markets in the U.S.
TSL Express Trending Story
TSL Express Daily Headlines & News
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TAB Bank Provides Trucking Company in Montana with a $1 Million Revolving Credit Facility
September 24, 2019TAB Bank is pleased to announce it has provided a $1 million revolving credit facility for a trucking company based in Montana. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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FSW Funding Announces New Director of Operations
September 24, 2019FSW Funding, a Phoenix-based company that specializes in financing solutions for small and mid-size businesses, recently hired Todd Weber as Director of Operations. Weber will manage the FSW factoring and asset based lending portfolios to minimize risk and increase operational efficiency.
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Moritt Hock & Hamroff Partner Leslie Berkoff Appointed by Court of Appeals for the Second Circuit to Mediator Panel
September 24, 2019The appointment is for a three-year term that begins on October 1, 2019 at which time Ms. Berkoff will join a select group of highly-experienced mediators assisting the Second Circuit with appellate disputes.
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Great Rock Continues Expansion, Adds Northeast Originator
September 24, 2019Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Randy Lederman has joined the firm as Managing Director of Originations.
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Burr & Forman Expands in Wilmington Delaware
September 24, 2019Burr & Forman announces the addition of Russell Heller to the firm’s Wilmington, Delaware office as an associate. He joins the Creditors’ Rights & Bankruptcy Practice Group, where he will work on bankruptcy and restructuring engagements.
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Amerisource Closes $3,000,000 Credit Facility for Transportation Company
September 24, 2019Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a long haul trucking company based in Ohio. Proceeds of the facility are being used to finance an acquisition.
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Auxly Announces Closing of Previously Announced $84 Million Credit Facilities Through its Joint Venture Partner, Sunens Farms Inc.
September 24, 2019Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has closed the previously announced $84 million syndicated credit facilities, with the Bank of Montreal (“BMO”) as Lead Underwriter.
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US Capital Global Advises on $8 Million Credit Facility for Digital Publishing Distributor
September 24, 2019San Francisco-based private financial group provides financial advisory services to global digital publishing distributor.
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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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Triumph Group Completes Refinancing Transactions
September 24, 2019Triumph Group, Inc. ("Triumph") (TGI) today announced the closing of its previously announced offering of $525.0 million in aggregate principal amount of senior secured notes due 2024 (the "Notes"), the amendment and extension of its credit facility, and the prepayment and discharge of its 4.875% Senior Notes due 2021 (the "2021 Notes"), which have been called for redemption.
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Raven Industries Announces Replacement of Corporate Credit Facility
September 24, 2019Raven Industries, Inc. (the Company) (RAVN), announced today that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility (the “Credit Facility”), with BofA Securities, Inc. acting as sole bookrunner and lead arranger.
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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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RiteScreen Company Completes Debt Refinancing to Capitalize Company for Growth
September 23, 2019The RiteScreen Company, LLC, the largest independent manufacturer of window and patio door screens in North America, announced it successfully completed a refinancing and has entered into a new credit facility with U.S. Bank N.A.
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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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Alvopetro Announces US$15 Million Credit Facility
September 23, 2019Alvopetro Energy Ltd. (TSX-V: ALV; OTCQX: ALVOF) ("Alvopetro") announces that we have entered into a US$15 million Credit Agreement (the "Facility") with Cordiant Capital Inc. and its affiliates ("Cordiant").
The Secured Lender
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