- Justin Rutledge Joins First Horizon Bank as Charlotte Market President
- Provident Bank Announces New Hires and Promotions
- TD Bank Streamlines Regional Structure to Accelerate Growth and Strengthen Market Alignment
- Eagle Point Closes $30 Million Financing with Circular Services
- Big Shoulders Capital Funds Milwaukee Forge Revival
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Callodine Group Announces Acquisition of Gordon Brothers Finance Company, LLC
- Led by CEO, Gene Martin, and the current investment team, Callodine Commercial Finance will be the successor firm to Gordon Brothers Finance Company, LLC
- Investment strategy is consistent with Callodine’s focus on yield-oriented investment opportunities across the capital markets
TSL Express Trending Story
TSL Express Daily Headlines & News
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Bibby Financial Services Announces Deals
September 11, 2019Bibby Financial Services (BFS) provided $2M in funding to a manufacturing company based in Ohio; extended $750,000 to an Indiana staffing company and included $1.85M extended to a Canadian oilfield services company, $1M in funding to US staffing companies, $500K in funding to Canadian transportation businesses, $250K in funding to a New York wholesale/distribution company and more.
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Well-Maintained Electrical Contracting Service Equipment, Vehicles, Tools and Other Assets Up for Bid at Bankruptcy Auction
September 11, 2019By order of the U.S. Bankruptcy Court, District of Minnesota, Tiger Group, in cooperation with Loeb Winternitz, will conduct an online-only offering for well-maintained trencher/cable plows, hydraulic mini excavators, service trucks and other vehicles, and electrical parts inventory formerly owned by People's Electric Co., Inc.
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Great Rock Capital Expands Origination Team, Adds Managing Director to Toronto Office
September 11, 2019Ronnie Bloom joins firm to support continued expansion in Canadian market.
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YRC Worldwide Announces New Term Loan Agreement
September 11, 2019YRC Worldwide Inc. (NASDAQ: YRCW) announced today it has completed a refinancing of its term loan obligations and entered into a term loan agreement (“Term Loan Agreement”) with funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) acting collectively as the Lead Lender for a $600 million facility.
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Maxim Power Corp. Enters into Loan Agreements to Finance its M2 Development Project
September 11, 2019Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today that it, and certain of its subsidiaries, entered into two credit agreements that collectively provide for $75 million to fully fund the construction and development of MAXIM's 204 MW power plant located near Grande Cache, Alberta ("M2").
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Yuma Energy, Inc. Announces Third Party Purchase of Senior Secured Bank Debt Enters Into Non-Binding Restructuring Letter of Intent
September 11, 2019Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma," the "Company," "we" or "our") today announced that an affiliate of Red Mountain Capital Partners, LLC ("Red Mountain") has purchased all of Yuma's outstanding senior secured bank indebtedness and related liabilities (the "Senior Secured Debt") totaling approximately $35 million from the Company's lending group, led by Société Générale.
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ClearStream Receives Capital Injection and Amends Credit Facilities to Support Growth
September 11, 2019ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) announces that its wholly-owned subsidiary, ClearStream Energy Holdings LP (“CEHLP”), has entered into a first amending agreement with, among others, the Company and Bank of Montreal, as administrative agent, pursuant to which its third amended and restated credit agreement dated as of June 26, 2019.
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Crestmark Provides More Than $52 Million in Commercial Financing to 74 Businesses in the Second Half of August
September 10, 2019Crestmark secured a total of $6,950,000 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $8,809,604 in three new lease transactions; Crestmark Vendor Finance provided $6,071,483 in 61 new lease transactions; and the Government Guaranteed Lending Division provided $30,233,000 in financing for five new clients in the second half of August.
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Stonebriar Commercial Finance Closes a $55 Million Lease Facility
September 10, 2019Stonebriar Commercial Finance announced the closing of a $55 million equipment lease facility with a private equity owned manufacturer of ceramic fiber products and specialty microfiber materials.
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Wintrust Receivables Finance Announces Closing of a New $10 Million Line to Support Growing Logistics Firm
September 10, 2019Wintrust Receivables Finance is pleased to announce the closing and funding of a $10 million credit facility for a logistics firm based in Chicago. The firm was recognized in the 2018 Inc. 5000 as one of the fastest growing companies in the country.
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B&G Foods Announces Proposed Refinancing
September 10, 2019B&G Foods, Inc. (NYSE: BGS), announced today that it intends to refinance its 4.625% senior notes due 2021 and existing indebtedness under its revolving credit facility with new tranche B term loans under B&G Foods’ existing credit facility and/or the issuance of new senior notes.
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KabbageⓇ Launches the Only Interactive Index Analyzing Revenue Trends of U.S. Small Businesses
September 10, 2019The Kabbage Small Business Revenue Index draws from the 2 million live data connections Kabbage maintains across more than 200,000 small businesses
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Xeris Pharmaceuticals Announces Expanded $85 Million Debt Facility With Oxford Finance and Silicon Valley Bank
September 10, 2019The agreement increases the borrowing base from $45 million to up to $85 million, subject to certain conditions, and extends the maturity date of the debt to as late as June 2024, if the second tranche is drawn.
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CIT Serves as Sole Lead Arranger on $34 Million Financing for Texas Assisted Living Facility
September 10, 2019CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit served as sole lead arranger on a $34 million financing for an assisted living facility in Richmond, Texas.
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Tradewind Provides Credit Facility for Peruvian Food Exporter
September 10, 2019Tradewind has announced the closing of a $200,000 trade finance facility for a Peruvian exporter of grains, paprika, peppers and garlic. The company, which exports mainly to the USA, is applying the funds to enter new markets and support other initiatives for growth.
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Antares and Bain Capital Credit Support Tailwind Capital’s Acquisition of Ventiv Technology
September 10, 2019The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares and Bain Capital Credit, today announced the closing of a senior secured unitranche credit facility to support the acquisition of Ventiv Technology by Tailwind Capital.
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G2 Capital Advisors Announces New Technology & Business Services Leadership Naming Jarl Berntzen Practice Leader
September 10, 2019G2 Capital Advisors ("G2") is pleased to announce the expansion of its Technology & Business Services (TBS) industry team, with the addition of Jarl Berntzen as Managing Director and newly appointed Technology and Business Services Practice Leader.
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Adrienne Dale Joins MidOcean Credit Partners as Portfolio Manager to Support Growth of CLO Business
September 10, 2019MidOcean Partners, a premier New York-based alternative asset manager that specializes in private equity and alternative credit investments, today announced that Adrienne Dale has joined MidOcean Credit Partners as a portfolio manager for MidOcean’s collateralized loan obligation (“CLO”) strategies.
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Oxford Finance Provides $25.5 Million Credit Facility to PhysicianOne Urgent Care
September 10, 2019Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a $25.5 million term loan and revolving line of credit to PhysicianOne Urgent Care ("PhysicianOne" or "the Company"), an operator of 18 urgent care centers in Connecticut, Massachusetts, and New York.
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CIT Leads $140 Million Financing for California Solar Project
September 10, 2019CIT Group Inc. (NYSE: CIT) today announced its Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, California. Concurrent with financial close, the project was sold by 8minute Solar Energy to Allianz Global Investors.
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