- Brian Cohen Joins First Business Bank As Vice President - Accounts Receivable Financing
- Hercules Capital Enters Next Phase of Growth with Expanded Leadership Team
- First Bank Welcomes Carmen Caporrino as Senior Vice President, Relationship Manager
- U.S. Bank CFO Survey: Geopolitics and Inflation Rise on the Risk Agenda, but CFOs Keep Moving on Growth, Deals
- Baker Garrington Provides Factoring Facility for Growing Oilfield Services Company
TSL Express Daily Articles & News
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BDO USA Welcomes Brent Worthy to its Business Restructuring and Turnaround Services Practice
BDO USA, LLP announced that Brent Worthy recently joined the firm’s Business Restructuring and Turnaround Services practice, with a primary focus on covering the Southwest regional markets. Worthy, a seasoned leader in the management consulting space, has more than 15 years of experience creating and preserving value for organizations through corporate restructuring, M&A strategy and execution, and digital finance transformation.
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TSL Express Daily Headlines & News
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ESCO Announces New Credit Facility
September 30, 2019The bank syndication supporting the new facility is comprised of a diverse group of eight banks led by JPMorgan Chase Bank, N.A. as Administrative Agent and BMO Harris Bank, N.A as Syndication Agent.
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Applied Data Finance Upsizes Senior Credit Facility to $350 Million
September 30, 2019Applied Data Finance, LLC (ADF), a leading technology-enabled lender and asset manager, announced today that it has upsized its current senior credit facility with Victory Park Capital Advisors, LLC (VPC) from $200 million to $350 million.
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
September 30, 2019The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $9.2 billion, up 3 percent year-over-year from new business volume in August 2018.
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Installed Building Products Announces Closing of $300 Million Notes Offering and a New and Increased $200 Million ABL Revolving Credit Facility
September 30, 2019Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the closing of the private offering of $300 million in aggregate principal amount of 5.75% senior unsecured notes due February 1, 2028 (the “Notes”).
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Wells Fargo Names Charles W. Scharf Chief Executive Officer and President
September 30, 2019The Board of Directors of Wells Fargo & Company (NYSE: WFC) announced today that it has named Charles W. Scharf as the company’s chief executive officer and president, and a member of the Board of Directors, effective October 21. Scharf was chairman and CEO of Bank of New York Mellon.
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City National Bank is Acquiring Executive National Bank; Strengthening Its Presence as Florida's Iconic Bank
September 30, 2019The acquisition will strengthen City National Bank’s position as the third-largest bank based in Florida, one of the most robust financial services markets in the nation.
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Matthew Ozanich Joins 36th Street Capital as VP of Risk Management
September 30, 201936th Street Capital Partners LLC (“36th Street Capital”), an independent provider of alternative funding solutions for the equipment financing industry, announced the appointment of Matthew Ozanich as Vice President of Risk Management.
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Utica Leaseco Announces Two Transactions
September 30, 2019Utica Leaseco is pleased to announce the completion of two transactions totaling over $800,000 during the week of September 23-27, 2019.
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Briggs & Stratton Corporation Announces New Revolving Credit Facility
September 30, 2019JPMorgan Chase Bank, N.A. serves as the administrative agent of the new facility, and each of JPMorgan Chase Bank, N.A., Bank of America, N.A., Bank of Montreal and Wells Fargo Bank, National Association served as joint lead arrangers.
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Jamieson Wellness Inc. Announces Amended and Restated Credit Facility
September 30, 2019The syndicate is comprised of 11 institutional lenders. Bank of Montreal acted as Administrative Agent, Lead Arranger and Sole Bookrunner for the Amended and Restated Credit Agreement. All figures quoted are in Canadian dollars.
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Funko, Inc. Completes Credit Facility Amendment and Extension
September 30, 2019Funko, Inc. (Nasdaq: FNKO) (“Funko” or “the Company”), a leading pop culture consumer products company, announced that certain of its subsidiaries entered into a Second Amendment to their existing Credit Agreement (the “Amendment”) that will reduce the interest margin by 75 basis points as a result of the Company’s strong performance over the past year.
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Bibby Financial Services Announces Recent Deals
September 26, 2019Bibby Financial Services (BFS) provided $2M in funding to a manufacturing company based in New York that manufactures RFID tags for tracking inventory. Bibby Financial Services (BFS) extended $350K to a long haul carrier based in Michigan.
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Goldman Sachs to Support Accelerating Growth
September 26, 2019Catasys, Inc. (NASDAQ: CATS) (“Catasys” or the “Company”), a leading AI and technology-enabled healthcare company, has entered into a financing agreement with Goldman Sachs Specialty Lending Group, L.P. (“Goldman Sachs”) involving the placement of Senior Secured Notes due 2024 pursuant to a committed purchase of up to $45 million, comprised of a $35 million initial purchase and up to $10 million in additional issuances.
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Pipeline Foods Expands Working Capital Line with Rabobank, CoBank, and ING
September 26, 2019Pipeline Foods LLC, the first U.S.-based supply chain solutions company focused exclusively on organic, non-GMO and regenerative food and feed, announced today that it has successfully completed the renewal and syndication of its operating line led by Rabobank, and including ING Capital and CoBank in the syndicate.
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Asbury Automotive Group Announces Amended and Restated $1.45 Billion Senior Credit Facility
September 26, 2019Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies today announced that it has entered into a third amended and restated $1.45 billion, five-year syndicated senior credit facility.
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Monroe Capital Supports Lovell Minnick Partners’ Investment in Inside Real Estate
September 26, 2019Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support Lovell Minnick Partners’ investment in Inside Real Estate.
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Espresso Capital Provides a $5 Million Credit Facility to New York-based Vidrio Financial
September 26, 2019Espresso Capital announced today that it has provided New York-based Vidrio Financial, an award-winning financial technology platform for allocators to external managers, with a $5 million revolving debt facility. The company plans to use the capital to build its sales and marketing efforts and accelerate growth
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Apollo Global Management Announces Leadership Changes
September 26, 2019Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced several leadership changes across its investing business. Matt Nord and David Sambur have been promoted to co-lead partners of private equity. Olivia Wassenaar and Geoff Strong were promoted to co-leads of natural resources. Dylan Foo joined as co-lead of infrastructure.
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Sallyport Commercial Finance Provides Turnaround Solution to an Apparel Company
September 25, 2019The company produces a variety of clothing, ranging from lifestyle to work apparel. In addition to assisting in product design and development, the business also offers their customers a range of labeling and packaging referral services.
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Beacon Roofing Supply Announces $300 Million Senior Secured Notes Offering
September 25, 2019Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon” or the “Company”) announced today the commencement of a private offering of $300.0 million aggregate principal amount of senior secured notes due 2026 (the “2026 Senior Notes”).
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