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- SFNet New Member Spotlight: Cascade Credit Services, LLC
TSL Express Daily Articles & News
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Today's Top Story
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Siena Surpasses $500 Million in Sponsor Backed Deals
Since its founding in 2012, Siena Lending Group has worked extensively with financial sponsors.
Achieving milestones like these speaks to Siena’s longevity, creativity in structuring deals and reliability in closing them. It tells people how much private equity firms and other financial sponsors trust Siena for asset-based lending solutions.
TSL Express Trending Story
TSL Express Daily Headlines & News
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Crestmark Provides More Than $23 Million in Commercial Financing to 88 Businesses in the First Half of August
August 22, 2019Crestmark secured a total of $850,000 in ABL financial solutions for three new clients; Crestmark Equipment Finance provided $7,328,266 in five new lease transactions; Crestmark Vendor Finance provided $9,442,735 in 79 new lease transactions; and the Government Guaranteed Lending Division provided $5,393,000 in financing for two new clients in the first half of August.
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Citizens Commercial Banking Appoints New SVP of Retail Finance Group
August 22, 2019Bringing more than 20 years of financial services experience to his new role, Shanahan joins Citizens from Wells Fargo Capital Finance, where he was a Director in the Retail Finance Group.
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Monroe Capital Provides $50 Million Credit Facility to KushCo Holdings, Inc.
August 22, 2019Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on a $50 million senior secured revolving credit facility to support working capital, organic growth and potential acquisitions for KushCo Holdings, Inc. (the “Company”).
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All Avenue Stores Retail Locations Are Closing
August 22, 2019AVENUE Stores, LLC, on Friday August 16, 2019, filed for Chapter 11 reorganization and authorized store closing sales by a joint venture of Gordon Brothers and Hilco Merchant Resources have commenced.
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Antares Leads Recapitalization and Provides Growth Capital for Digital Media Company, Tinuiti
August 22, 2019Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to refinance existing debt and to provide additional capital to support the continued growth of Mountaingate Capital’s Tinuiti.
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DRB Financial Solutions Closes First $150 Million of $300 Million Financing
August 22, 2019DRB Financial Solutions, LLC (DRBfinancial.com) and its wholly-owned subsidiary DRB Capital, LLC are pleased to announce that they have closed on the first $150M of a planned $300M term financing facility for their structured settlement and annuity payment stream programs.
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Four M&H Attorneys Named to Best Lawyers in America 2020 List
August 21, 2019The law firm of Moritt Hock & Hamroff LLP with offices on Long Island and in Manhattan is pleased to announce that David H. Cohen (a partner of the firm), Andrew B. Eckstein (counsel to the firm), Robert M. Finkel (a partner of the firm) and Henry L. Goldberg (a partner of the firm) have been selected for inclusion in the 2020 Edition of Best Lawyers®.
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Crestmark Equipment Finance Welcomes Rick Pierman as Senior Vice President, Strategic Operations
August 21, 2019Crestmark is pleased to announce the return and appointment of Rick Pierman as senior vice president, strategic operations to its equipment finance division. Based in Troy, he will report to Crestmark Equipment Finance Chief Operating Officer and General Counsel Jim Recker.
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Platinum Group Metals Closes US$10.4 Million Bought Deal Financing, US$9.2 and US$10 Million Private Placement Financings
August 21, 2019Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (the "Company" or "Platinum Group Metals") announces the closing of its previously announced bought deal financing with BMO Capital Markets in the United States
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Gibraltar Steps In With $13MM To Support Home Furnishings Company’s Turnaround
August 21, 2019A turnaround consultant called in Gibraltar when his client’s bank proved less flexible than necessary while certain business improvements were in process. Gibraltar was able to respond with a $13 million asset-based line of credit to help the company move through the transition.
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Siena Lending Group LLC Announces the Closing of a $5.5 Million Credit Facility for Amfuel, LLC
August 21, 2019Siena Lending Group LLC (“Siena”) announces the closing of a $5.5 million asset-based credit facility for Amfuel, LLC (“Amfuel”), which is scalable up to $8.0 million during the three year term.
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Great Rock Capital Closes CAN $45 Million Senior Secured Term Loan with Oculus Transport, LTD
August 21, 2019The new capital will fuel the growth of an industry leading Canadian oilfield transport and logistics company, progressing their efforts to surpass the expectations of customers while managing the unique environmental challenges that arise in their industry.
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NXT Capital Provides Credit Facility to Support Tenex Capital Management’s Acquisition of Big Bolt
August 21, 2019NXT Capital acted as the Joint Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
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Amherst Partners Promotes Fahad Siddiqui to Vice President
August 21, 2019Amherst Partners is pleased to announce the promotion of Fahad Siddiqui to the role of Vice President in the Investment Banking practice.
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OneWest Bank Launches New Promotion Supporting Local Small Businesses
August 21, 2019OneWest Bank, CIT's Southern California retail bank division, today announced a new small business banking promotion for both new and established businesses across Southern California. Business banking customers can earn up to $600 by opening an eligible checking account, savings account and by financing equipment for their business.
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Hitachi Capital America Technology Finance Launches New Website
August 21, 2019The launch of the new site – www.hitachitechfinance.com – is an important element of Hitachi Technology Finance’s rebranding campaign to promote their new name with a more focused product offering to their core client base, VARs and technology vendors. Formerly known as Global Technology Finance, Hitachi Capital America Technology Finance provides transformative flooring and lines of credit.
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Finacity Facilitates USD 90 Million Receivables Factoring Program for ZIM Integrated Shipping Services
August 21, 2019Finacity Corporation (“Finacity”), a member of the Greensill family of companies, has successfully launched a multi-jurisdiction trade receivables factoring program for ZIM Integrated Shipping Services Limited (“ZIM”), a company headquartered in Israel, allowing up to USD 90 million in funding from a leading Israeli bank.
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Amerisource Closes $3,000,000 Credit Facility for Dining Services Company
August 21, 2019Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a meal and dining services company based in Ohio. Proceeds of the facility are being used to finance working capital.
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CSI Laboratories Announces New Line of Capital
August 21, 2019CSI Laboratories (CSI), a leading cancer testing laboratory that supports pathology and oncology specialties, announced today that it has entered into an agreement with Bank of America for a revolving line of capital.
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Electrovaya Closes Credit Facility Agreement to Finance Customer Purchase Orders
August 21, 2019The facility will support fulfilment of Electrovaya's customer purchase orders and working capital needs.
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