- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$10M
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$15M - Clean Skincare
- JLL Income Property Trust Closes New $1 Billion Credit Facility
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$12M
- M&A Disputes Report 2026 Shows Surge in Deal Conflicts as Market Rebounds
TSL Express Daily Articles & News
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Siena Lending Group LLC Announces the Closing of a $25.0 Million Credit Facility
Siena Lending Group LLC (“Siena”) announces the completion of a $25 million asset-based revolving line of credit for Vault Pressure Control LLC (“Vault Pressure Control”). The facility was provided in conjunction with Pelican Energy Partners to fund the acquisition as well as for working capital needs to support future growth.
Vault Pressure Control, based in Houston, Texas, was formerly the Surface Pressure Control Flow business unit of the Oilfield Equipment segment of Baker Hughes. The newly independent company is wholly focused on providing outstanding customer service and world-class products to pressure control customers in the US, Canada, Australia, Papua New Guinea, and Trinidad & Tobago markets.
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TIP Announces the Increase of Its RCF Facility and New Raise Term Debt
November 25, 2019On 21 November 2019, TIP, a portfolio company of I Squared Capital, announced that it had successfully: increased its existing Revolving Credit Facility (RCF) from €967 million to €1,150.5 million with no change in pricing or structure.raised €274.5 million in the private placement term debt markets for the first time. The term loan tenor is seven years.
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FSW Funding Hires Director of Underwriting
November 25, 2019FSW Funding, a Phoenix-based company specializing in financing solutions for small to mid-size businesses, recently hired Patrick Cooper as Director of Underwriting. FSW continues to grow both its factoring and asset-based lending portfolios which dictates the need to increase the underwriting staff.
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Austin Financial Services Provides a $5.5MM Revolver and Term Loan Credit Facility to a Tier 1 OEM Supplier of Plastic and Metal Components
November 25, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5.5MM AR and Inventory revolver and M&E Term Loan to a tier 1 OEM supplier of plastic and metal components located in the Southeastern U.S. The Company had outgrown its line of credit and was to looking to maximize the value of its assets and improve its liquidity position.
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North Avenue Capital Ranks 4th in the Nation Among USDA B&I Lenders in 2019
November 25, 2019North Avenue Capital (NAC), a specialized commercial lender headquartered in Northeast Florida, has its eyes set on closing 2019 with over $140 Million in USDA Rural Loans to businesses across America. The USDA Rural Development Program works to create and save jobs in areas outside of metro areas, and NAC is committed to exclusively offering USDA Business & Industry (B&I) Loans nationwide with a focus on building businesses, growing economies, and creating jobs.
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Crestmark Equipment Finance President Thomas R. Rutherford Named to ELFA’s 2020 Board of Directors
November 25, 2019The Equipment Leasing and Finance Association recently announced its new board of directors and officers at its 58th annual convention on October 29. An active member of ELFA, this is Rutherford’s first time serving on the Board of Directors, where he will serve one three-year term on a staggered basis.
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Earthstone Energy, Inc. Announces New Five-Year Revolving Credit Facility with $325 Million Borrowing Base
November 25, 2019Wells Fargo Securities, LLC and RBC Capital Markets acted as Joint Lead Arrangers for the syndication of the New Credit Facility and Wells Fargo Bank, National Association is acting as Administrative Agent.
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Hofstra Law Awards 2019-2020 Recipient of Moritt Hock & Hamroff Fellowship
November 25, 2019The Maurice A. Deane School of Law at Hofstra University has named Brian Primm as the recipient of the 2019-2020 Moritt Hock & Hamroff Business Law Honors Fellowship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law.
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Alvarez & Marsal Expands Public Sector Services with New Hires in Houston and New York
November 25, 2019Leading global professional services firm Alvarez & Marsal (A&M) has expanded its Public Sector Services practice with the addition of Michael Carrasco as Managing Director in Houston, and Jay Nagy as Senior Director in New York. Their appointments demonstrate A&M’s strong commitment to assist local, state and federal agencies and their private sector partners cope with increasing costs and enhance services for their constituents and stakeholders.
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Umpqua Bank Names Jonathan Dale Regional Director of Commercial and Corporate Banking
November 25, 2019Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ), announced today that Jonathan Dale has been named regional director of commercial & corporate banking to support the growth needs of enterprising businesses across Portland Metro, Eastern Washington and Idaho. Dale's addition comes as Umpqua continues to prioritize supporting middle market companies in the region.
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Wilmington Trust Expands Global Loan Agency Services Team with Two Key Hires
November 25, 2019Wilmington Trust, part of the M&T Bank Family and a leader in corporate and institutional services, announced the expansion of its Loan Agency Services business, bringing on Medita Vucic as Head of U.S. Agency Loan Services and Antony Girling as Senior Relationship Manager in London. Vucic reports to Tim Mowdy, the firm's Capital Markets Agency Services Leader in the U.S., while, Girling reports to Elaine Lockhart, European Product Leader for Loan Agency Services.
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CWB Franchise Finance Partners with 3G Equity Inc.
November 25, 2019CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided an acquisition and refinancing term loan and revolving line of credit to 3G Equity Inc. for its 10-hotel portfolio.
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FIS Announces Proposed Offering of Senior Notes
November 25, 2019J.P. Morgan Securities plc, Merrill Lynch International, MUFG Securities EMEA plc and Wells Fargo Securities International Limited are joint book-running managers for the Senior Notes offering.
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Bibby Financial Services Canada Supports Ontario Emergency Relief Restoration Company with $1M in Funding
November 21, 2019Previously funded by another factor, the company contacted BFS looking for better customer service and lower rates. With BFS’ factoring facility, the client was able to retain a significant contract and fund their day to day operations as the business grows.
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David Wagner Joins Houlihan Lokey as a Senior Advisor Focused on LIBOR Transition in an Expansion of the Firm's Portfolio Valuation and Fund Advisory Services Practice
November 21, 2019Houlihan Lokey is pleased to announce that David Wagner has joined the firm as a Senior Advisor for the Portfolio Valuation and Fund Advisory Services practice. Mr. Wagner will lead the firm’s newly established LIBOR Transition Advisory Services practice to assist clients on the multitude of issues arising from the impending cessation of the London Interbank Offered Rate (LIBOR) and other interbank offered rates (IBORs), as well as their replacements.
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Great American Group Advisory and Valuation Services Names David Seiden Managing Director
November 21, 2019Great American Group Advisory and Valuation Services, LLC (“Great American”), a B. Riley Financial company, today announced that David Seiden has assumed the role of Managing Director responsible for overseeing the firm’s appraisal, valuation and lending client relationships across the Southeast and Southwest regions of the United States.
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Hilco Corporate Finance Delivers Cautionary M&A Perspective As Massive Aramco IPO, Walgreens Boots LBO Loom Ahead
November 21, 2019Hilco Corporate Finance has issued a timely and relevant perspective on the highly competitive environment surrounding the current global M&A market, as sellers are firmly in control and transactions are being valued and, ultimately, bid-up to excessive multiples.
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84 Lumber Amends and Extends Senior Secured Term Loan B and Asset Based Revolving Credit Facility
November 21, 201984 Lumber Company, the nation's leading privately-held building materials supplier, announced it has entered into a new 7-year $310 million Senior Secured Term Loan B Facility and 5-year $400 million Asset Based Revolving Credit Facility. The proceeds will be used to refinance the $307.5 million outstanding Term Loan B and $400 million ABL Revolver. In addition to extending the maturities, the Term Loan B reduced pricing by 100 basis points to LIBOR plus 425 basis points. As a result of the refinancing, the company now has no debt maturities prior to 2024. Wells Fargo Securities and PNC Capital Markets served as Joint Lead Arrangers and Bookrunners on the transaction.
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Avcorp Announces Extension of Credit Facilities
November 21, 2019Avcorp Industries Inc. (TSX: AVP) (the "Corporation" or "Avcorp" or the "Avcorp Group") is pleased to announce that it has entered into agreements to extend the term and increase certain credit facilities with its current lender. The credit facilities are supported by a major and material customer of the Company by way of guarantee.
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Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility Of US$ 1,900,000,000 In Financing For Its North American Business
November 21, 2019Societe Generale, MUFG Bank Ltd, Natixis, New York Branch, ABN Amro Capital USA LLC and ING Capital LLC were Joint-Lead Arrangers for the Facility. Societe Generale acted as sole coordinator, Facility Agent and Collateral Agent while MUFG Bank Ltd, Natixis, New York Branch, ABN Amro Capital USA LLC and ING Capital LLC acted as Co-Syndication Agents. Credit Agricole Corporate and Investment Bank, Cooperatieve Rabobank U.A., New York Branch and Mizuho Bank, Ltd. joined the Facility as Co-Documentation Agents and a further ten banks participated at various commitment levels.
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Eastern Bank Expands Asset Based Lending Team
November 21, 2019Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce that Daniel J. Bolger has joined its Commercial Lending Division as Senior Vice President, Asset Based Lending. Dan has spent his entire career in banking focused on Asset Based Lending (ABL) transactions with increasing responsibility.
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