- Chicago Atlantic Agents a Senior Secured Facility to Support the Acquisition of Lionel Holdings, LLC by Round 2 Holdings, LLC
- Eversheds Sutherland Welcomes Phyllis Young as Finance Partner in Texas, Strengthening Finance Practice Group’s Transactional and Restructuring Capabilities
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$2.5M -Contemporary Fashion Brand
- Asset-Based Lending & Factoring Surveys
- Deirdre Cronin Joins CohnReznick as Sales and Purchase Agreement Managing Director
TSL Express Daily Articles & News
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Runway Growth Credit Fund Inc. Announces Expansion of KeyBank Revolving Credit Facility to $215M and Addition of New Lenders
Runway Growth Credit Fund Inc., a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced that it has expanded and amended its credit agreement with KeyBank Specialty Finance Lending and other lenders. The Revolving Credit Facility provides for borrowings up to a maximum aggregate principal amount of $215M, with an accordion feature that enables Runway Growth to increase the aggregate commitments up to $300M.
Three new banks, MUFG Union Bank N.A. (co-documentation agent and lender), Bank of Hope (lender), and First Foundation Bank (lender), join KeyBank Specialty Finance Lending (administrative agent, syndication agent and lender) and CIBC Bank USA (co-documentation agent and lender) as parties to the Revolving Credit Facility in support of the Fund's growth.
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Telesat Canada Announces Closing of Its Secured Notes Offering and Credit Facility Refinancing Transaction
December 11, 2019The amended credit agreement provides for a new term loan facility of US$1.909 billion and a new revolving credit facility with commitments ofUS$200 million (together, the “Senior Credit Facilities”), which replaced the existing term loan and revolving facilities. The revolving credit facility is currently undrawn. JP Morgan Chase Bank N.A. (“JP Morgan”) is acting as administrative agent and collateral agent with respect to the Senior Credit Facilities.
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Concord Serves As Exclusive Financial Advisor and Arranges $20MM in Senior Debt
December 10, 2019The client is a luxury jewelry retailer based in the Northeastern U.S. The financing arranged consisted of a $20 million senior secured revolving line of credit.
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Orchestra BioMed™ Secures $20 Million Financing Facility from Silicon Valley Bank
December 10, 2019This agreement provides up to $20 million of new capital to the Company for development and general corporate purposes, with an initial up to $10 million draw available at Orchestra BioMed’s sole option during the next 12 months and the remainder available to the Company following the completion of certain milestones.
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Chesapeake Energy Corporation Announces Pricing Of $1.5 Billion Term Loan Facility
December 10, 2019The term loan is being arranged by JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., BofA Securities, Inc. and MUFG Union Bank, N.A.
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Finacity Facilitates up to EUR 15 Million Receivables Financing Program for Wiko Mobile in France
December 10, 2019Finacity Corporation (“Finacity”), part of the Greensill family of companies, announced today that it has facilitated a EUR 15 million receivables financing facility for Wiko Mobile, a rapidly-growing maker of popular smartphones in Europe. The new facility provides additional financing for the company’s repositioning and development program in Europe.
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Republic Provides a $1.5 Million Facility to a Midwestern Transportation Company
December 10, 2019Republic partnered with a turnaround consulting firm to provide a receivables line of credit to help support the trucking firm’s growth.
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Allied Affiliated Funding Announces Closed Transactions
December 10, 2019Allied Affiliated Funding, a division of Axiom Bank, N.A. is pleased to announce the following recently closed transactions: $250,000 in Receivables Financing to a Texas-based company that primarily provides commercial roofing services on new construction and sheet metal fabrication, including standing seam metal roofs, gutter, downspouts and flashing and $150,000 in Receivables Financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies.
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Agree Realty Announces Expanded $600 Million Credit Facility, $1.1 Billion Credit Facility Inclusive of Accordion Option
December 10, 2019PNC Capital Markets LLC, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC served as Joint Lead Arrangers and Joint Book Managers for the Revolving Facility. PNC Bank, National Association served as the Administrative Agent and Citigroup Global Markets Inc. and Wells Fargo Securities, LLC served as Co-Syndication Agents. PNC Bank, National Association, Citibank, N.A., Wells Fargo Bank, National Association, Capital One, National Association, Citizens Bank, N.A., Regions Bank, SunTrust Bank, U.S. Bank National Association, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd., Raymond James Bank, N.A. and Stifel Bank & Trust served as participating lenders in the Revolving Facility.
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CanWel Building Materials Group Renews and Extends Senior Revolving Banking Facility
December 10, 2019CanWel Building Materials Group Ltd. (“CanWel” or “the Company”) (TSX:CWX, CWX.NT.A) is pleased to announce the early renewal of its senior revolving credit facility with its lender and agent, Wells Fargo Capital Finance Corporation (Canada) and CIBC, Royal Bank and TD as syndicate lenders
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Pinnacle Capital Finance provides a $900K Accounts Receivable Line of Credit to an Oregon Commercial Printer
December 10, 2019Pinnacle Capital Finance has provided a $900,000 accounts receivable line of credit to a commercial and digital printer located in Oregon. The company provides state of the art printing, fulfillment and on-site inventory organization for their clients including global distribution.
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Artis Trade Systems Gires VP of Sales
December 10, 2019Artis Trade Systems (“Artis”), a Phoenix-based Fintech company that developed ArtisPay, a plug and play Supply Chain Finance web application for banks and lenders of all sizes, recently hired Kenny Steinbeck as Vice President of Sales. Mr. Steinbeck is located in Orlando, FL., but will be relocating to Arizona in 2020. Mr. Steinbeck was most recently with LSQ as a Bank Channel Manager.
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BlackArch Partners Announces Hiring of Ian Mackay as Managing Director and Head of Financial Sponsors Group
December 10, 2019BlackArch Partners, a leading middle-market investment bank, is pleased to announce that Ian Mackay has joined the firm as Managing Director. He will serve as head of BlackArch's Financial Sponsors Group focusing on middle market private equity groups and family offices.
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Paul, Weiss Announces Election of Seven New Partners
December 10, 2019Paul, Weiss, Rifkind, Wharton & Garrison LLP is pleased to announce that seven attorneys have been elected to the partnership, effective January 1, 2020: Jonathan H. Ashtor, Rachael G. Coffey, Alexia D. Korberg, Caith Kushner, Kyle T. Seifried, Brette Tannenbaum and Austin Witt. All are resident in the New York office.
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North Mill Announces Pricing of $164 Million Securitization
December 9, 2019North Mill Equipment Finance announced today the closing of its third commercial equipment asset backed securitization (ABS), NMEF Funding 2019-A.
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Gibraltar Provides $6MM Growth Capital to Company Innovating for the Future of Surgery
December 9, 2019Gibraltar prides itself on helping companies and their private equity sponsors seize opportunities when they arise, with enough capital to meet current needs and boost company performance to the next level.
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Rockland Trust Provides Asset Based Credit Facility to Milton’s Distributing Co., Inc.
December 9, 2019Rockland Trust announced it closed a $30 million revolving line of credit to Milton’s Distributing Co., Inc., a national wholesale distributor and importer of wine, beer and spirits.
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First Business Growth Funding Announces $1.5 Million Closed Deal
December 9, 2019First Business Growth Funding, the accounts receivable financing arm of First Business Financial Services, Inc. (Nasdaq: FBIZ), is pleased to announced the closing of a $1.5 million Accounts Receivable Purchase Facility for a former client – a wholesaler of computer equipment and office accessories.
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Celadon Group makes bankruptcy official, shuts down after 34 years
December 9, 2019This morning, Celadon Group (OTC: CGIP) executives told its employees that the company filed for bankruptcy protection under Chapter 11 and will shut down the operations of its over-the-road fleet.
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Blacksail Capital Partners Closes $4,500,000 USD Credit Facility for a Snack Food Manufacturer
December 9, 2019Blacksail Capital Partners announced the closing and funding of a $4,500,000 senior credit facility for a Snack Food Manufacturer based in Northeastern United States.
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CIT Serves as Sole Lender on $35 Million Financing for Icelandair
December 9, 2019CIT Group Inc. (NYSE: CIT) today announced that its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland.
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