- Tiger Group Executive Offers Insights into the Drivers of Today’s Asset Valuation Environment
- TAB Bank Secures a $7 Million Asset-Based Lending Facility for Certified Flux Solutions to Drive Expansion
- Lafayette Square Provides Senior Secured Financing to Support the Growth of Prime IV Hydration & Wellness
- i80 Group and Brim Partner to Offer Funding-as-a-Service With $300 Million Credit Facility
- 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
Helios Technologies Upsizes Credit Facilities to $900M
Helios’s senior secured credit agreement was provided by a syndicate led by PNC Bank. The five-year agreement amends the Company’s previous credit agreement and consists of a $400 million revolving credit facility, a $200 million term loan and, subject to new or existing lenders agreeing to participate in the increase and other customary conditions, a $300 million accordion feature. These credit facilities provide Helios with a significant increase in its borrowing capacity with an improved structure and attractive interest rate options.
TSL Express Trending Story
TSL Express Daily Headlines & News
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Neiman Marcus scores $27M loan for Galleria store in Fort Lauderdale
September 3, 2019Neiman Marcus closed on a nearly $27 million loan for its Fort Lauderdale location, marking the second loan the struggling retailer has secured in recent months in South Florida.
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Capital One Welcomes Jeff Goldsmith to Commercial Underwriting and Portfolio Management Team
September 3, 2019Capital One announced that it recently appointed Jeff Goldsmith to its Underwriting and Portfolio Management team.
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B. Riley Serves as Exclusive Sell-Side Advisor to PCM on its $581 Million Sale to Insight Enterprises
September 3, 2019B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") today announced its investment banking subsidiary, B. Riley FBR, Inc., served as exclusive financial advisor to PCM, Inc. (NASDAQ: PCMI) ("PCM") in connection with its completed sale to Insight Enterprises (NASDAQ: NSIT) ("Insight").
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Worthy Lending, LLC Finishes the Summer With $1.5MM in New Financing Facilities
September 3, 2019In order to complete numerous purchase orders and to prepare for a very busy year end, this midwestern manufacturer and servicer of 21st century state-of-the-art printing presses looked for a flexible lender able to finance its inventory.
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Byron Stafford Adds Direct Private Equity to Alternatives Enterprise
September 3, 2019Byron Stafford, a professional Asset Manager who provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals, today announced that it has added private equity to its growing stable of alternative offerings for clients.
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J.C. Penny’s Debt Rating Downgraded by S&P
September 3, 2019Standard & Poors Corp. lowering its debt ratings on J.C. Penney Corp. Inc. due to continued revenue declines and the increasing likelihood that they’ll have to pursue a distressed debt exchange.
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Gina Thoma Peterson Joins Avidbank as Executive Vice President & Chief Operating Officer
September 3, 2019Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, announced today that Gina Thoma Peterson will join the Bank as Executive Vice President and Chief Operating Officer.
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Ultimate Finance to shift investments to asset-based lending
September 3, 2019Ultimate Finance is to withdraw from the unsecured loan market to concentrate on further investment in asset-based solutions.
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Celtic Capital Corporation today announced its most recent new client relationship
September 3, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that conducts telephone and mail solicitation for 501-C3 charitable organizations or political organizations.
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Byline Sponsor Finance supports Kian Capital in its recapitalization of The Eastwood Company
August 29, 2019Byline Bank Sponsor Finance ("BSF") announced that it has provided revolver and term credit facilities to finance Kian Capital’s recapitalization of The Eastwood Company (“Eastwood”). BSF was represented by Duane Morris, LLP.
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Bibby ups healthcare wholesaler's funding package to £10m for product expansion
August 29, 2019Bibby Financial Services (BFS) has increased Veenak International’s asset funding package to £10m, which will allow the healthcare wholesaler to expand its product offering.
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Trade Association Chief Warns US Days Away From 'Retail Armageddon'
August 29, 2019With the latest round of tariffs on a wide swath of goods from China set to hit Sunday, the head of a major trade association representing the apparel and footwear industry is warning the United States is fast approaching “retail Armageddon.”
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Tradewind Announces Export Factoring Facility for Electronics Company in Hong Kong
August 29, 2019Tradewind has closed a $2 million export factoring facility for an electronics company based in Hong Kong that sells items such as smart watches, smart bands, and tablets to traders and retailers globally.
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Forever 21 Prepares for Potential Bankruptcy Filing
August 29, 2019Forever 21 Inc. is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans.
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Foley Business Capital has been acquired by Vero Business Capital, LLC
August 29, 2019We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).
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Terese L. Arenth, Esq. Appointed Vice-Chair of ABA's Promotion & Marketing Law Committee
August 29, 2019Terese L. Arenth, a partner in the Garden City law firm of Moritt Hock & Hamroff LLP, was recently appointed by the American Bar Association (ABA) to serve as Vice-Chair of its Promotion & Marketing Law Committee of the ABA Section of Intellectual Property.
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People's United Bank Provides $92 Million Credit Facility for MidCap Financial
August 28, 2019People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance and Capital Markets Divisions provided a $92 million Credit Facility to MidCap Financial ("MidCap"), a middle market-focused, specialty finance firm that provides senior debt solutions to companies across all industries.
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Thermo Credit, LLC Announces $1,500,000 Factoring Facility with Process Cellular, Inc.
August 28, 2019
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Sallyport Commercial Finance Arranges a Factoring Facility to a Growing Staffing Company
August 28, 2019Sallyport Commercial Finance assembles a $250,000 Accounts Receivable facility to a commercial home care agency.
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White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
August 28, 2019White Oak Commercial Finance announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen.
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