- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands
- Greenberg Traurig Advises Nomad Foods on €280 Million Revolving Credit Facility, €800 Million High-Yield Notes Offering
- Market Sizing & Impact Study 2023
TSL Express Daily Articles & News
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M&A and Refinancing to Lead Strong Leveraged Finance Activity in 2021, MUFG Predicts
Conducive factors include high market liquidity, low interest rates, accommodative Fed policy and a vaccination against COVID-19
The year 2021 is shaping up to be a strong and supportive one for leveraged finance, led primarily by merger-and-acquisition (M&A) and refinancing activity, according to the Capital Markets group at Mitsubishi UFJ Financial Group (MUFG).
Key members of the group delivered their outlook for leveraged finance to reporters and editors at a virtual MUFG media roundtable earlier this month that featured Jeffrey Knowles, Co-Head of Debt Capital Markets; Grant Moyer, Head of Leveraged Capital Markets; and Art de Peña, Head of Loan Syndications and Distribution.
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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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Bumble Bee Foods Enters Into Asset Purchase Agreement and Commences Voluntary Chapter 11 Proceeding in U.S
November 21, 2019Bumble Bee Foods, one of North America’s largest branded shelf-stable seafood companies, announced today that it has entered into an asset purchase agreement with affiliates of FCF Co., Ltd., which has agreed to acquire the company’s assets for approximately $925 million.
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Crestmark Appoints John Trendell II as Business Development Officer
November 20, 2019Crestmark is pleased to announce that John Trendell II has been named a business development officer where he has been serving as underwriting manager since 2014. John is based in Troy, Michigan and will report to James Farrell, senior vice president, sales manager.
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Tennessee Bank & Trust Adds Long-Time Industry Veterans to Leadership Team
November 20, 2019Tennessee Bank & Trust, a full-service bank servicing individuals and businesses in middle Tennessee, today announced the additions of Chet Alexander as Chief Credit Officer and Sandi Lanier as Executive Vice President, Operations and Compliance. In these roles, Alexander and Lanier will oversee all credit and lending restructuring and the strategic operations and lending compliance for the bank, respectively.
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Morrison & Foerster Strengthens Global Finance Transactions Capabilities with Accomplished Partner in New York
November 20, 2019Morrison & Foerster, a leading global law firm, is pleased to announce that Jay Gavigan has joined the firm’s New York office as a partner in its Lending + Financial Transactions Group. Mr. Gavigan is an internationally recognized finance lawyer who brings to the firm 25 years of experience advising clients on a wide range of financial transactions, including acquisition and leveraged finance, project finance, asset finance, syndicated credits, real estate finance, and workouts.
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BBVA USA Promotes Industry Veteran Jon Rebello to the Position of Austin CEO
November 20, 2019Rebello was previously the bank’s Texas Border & Gulf Coast Region CEO, where he oversaw the El Paso, Laredo, Rio Grande Valley, Corpus Christi and Beaumont markets. BBVA’s previous Austin CEO, Dillan Knudson, has accepted the position of BBVA USA Houston CEO.
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CIT Launches One Million Meals Campaign to Fight Hunger
November 20, 2019CIT Group Inc. (NYSE: CIT) today announced the start of the second annual One Million Meals campaign in partnership with Feeding America® to fight hunger this holiday season. Customers, employees and social media followers are invited to join in donating One Million Meals1 to people in need. Participants can help direct the donations by choosing to support Feeding America's Mobile Pantry Program or MealConnect Program.
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Moritt Hock & Hamroff Announces New Resource for the Secured Lending and Equipment Finance Sectors
November 19, 2019Moritt Hock & Hamroff LLP (MH&H) announced a new resource for companies in the secured lending and equipment finance industries. The firm’s Secured Lending, Equipment & Transportation Finance practice area has created a blog featuring posts that provide timely insights on many legal issues facing these industries.
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Ware2Go Announces Collaborative Agreement With Fundera
November 19, 2019Ware2Go, a UPS Company and on-demand fulfillment network designed to help merchants enhance their delivery experiences, today announced a collaboration with Fundera, the leading online marketplace for small business financial solutions. The agreement will ease access to the services and insights merchants need to grow by combining cutting-edge logistics capabilities with a myriad of financing options from top bank and online lenders, as well as credit card issuers.
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Byline Sponsor Finance Supports Benford Capital Partners and James Abraham in Their Recapitalization of Warehouse-Lighting
November 19, 2019Byline Sponsor Finance ("BSF") announced that it has provided revolver and term credit facilities to finance Benford Capital Partners' recapitalization of Warehouse-Lighting (“WHL” or the “Company”). BSF was represented by Duane Morris, LLP.
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CIT Receives OCC Approval to Acquire Mutual of Omaha Bank
November 19, 2019CIT Group Inc. (NYSE: CIT) today announced that the Office of the Comptroller of the Currency (OCC) has provided regulatory approval for Mutual of Omaha Bank to be merged into CIT's banking subsidiary, CIT Bank, N.A. Subject to the receipt of certain other regulatory approvals and waivers and completion of the other customary closing conditions, CIT expects to close the transaction in the first quarter of 2020.
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Kevin Fretz Named BBVA USA Director of Franchise Finance
November 19, 2019BBVA USA announced today that it has promoted Kevin Fretz to the position of BBVA USA Director of Franchise Finance. Fretz will be tasked with managing the bank's franchise finance division, helping clients throughout the customer journey of obtaining, operating and maintaining their franchise. He boasts more than 20 years of experience in the financial industry in various roles.
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GlobalSCAPE Announces $55 Million Credit Facility
November 19, 2019GlobalSCAPE, Inc. (NYSE American: GSB) (the "Company"), a worldwide leader in the secure movement and integration of data, today announced it has entered into a five-year, $55 million senior secured credit facility with a syndicate of banks led by J.P. Morgan.
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Dorsey & Whitney Names New Partners
November 18, 2019Representing multiple offices and legal specialties, the new partners span Dorsey’s breadth of practices.
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Banc of California Names Lynn Hopkins Executive Vice President and Chief Financial Officer
November 18, 2019Ms. Hopkins succeeds Executive Vice President and CFO John Bogler, who resigned from the Company effective November 13, 2019. Mike Smith, the Company’s Chief Accounting Officer, has been appointed interim CFO until Ms. Hopkins joins the Company on December 9, 2019.
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United Bankshares, Inc. and Carolina Financial Corporation to Combine to Form Leading Community Bank in the Southeast and Mid-Atlantic
November 18, 2019United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank (“United Bank”), and Carolina Financial Corporation (“Carolina Financial”) (NASDAQ: CARO), the parent company of CresCom Bank (“CresCom”), today announced that they have entered into a definitive merger agreement.
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Lazard UK Investment Banking Launches New Venture and Growth Banking Team
November 18, 2019Lazard Ltd (NYSE: LAZ) announced today that it has launched a new team called Lazard Venture and Growth Banking and appointed Garri Jones and Nick James as Managing Directors in its UK Investment Banking business. Garri and Nick will join in January from Numis where they ran a successful ventures practice.
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Enviva Partners, LP Announces Launch of $450.0 Million Offering of Senior Notes and Provides Notice of Conditional Early Redemption of the Existing 2021 Notes
November 18, 2019Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) today announced that, subject to market conditions, it intends to offer, with its wholly owned subsidiary Enviva Partners Finance Corp., $450.0 million in aggregate principal amount of senior unsecured notes due 2026 (the “2026 Notes”) in a private placement to eligible purchasers.
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Telesat Canada Announces Proposed Amendment to Existing Credit Agreement and Proposed Secured Notes Offering
November 18, 2019Telesat Canada (“Telesat”) today announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers (the “Borrowers”), the guarantors party thereto, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the secured parties and the other financial institutions party thereto (such agreement, as amended prior to the date hereof, the “Existing Credit Agreement”).
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