- First Bank Welcomes Carmen Caporrino as Senior Vice President, Relationship Manager
- Guitar Center Amends and Extends Asset-Based Lending Facility
- Credibly Secures over $260 Million in New Financing to Accelerate SMB Financing Growth
- Amerisource Business Capital Provides $2 Million Working Capital Facility to Texas-Based Industrial Services Company
- Parafin Expands Warehouse Credit Facility With Silicon Valley Bank, EverBank, and Trinity Capital
TSL Express Daily Articles & News
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PNC Announces Agreement To Buy BBVA USA Bancshares, Inc.
The PNC Financial Services Group, Inc. (NYSE: PNC) and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE and MAD: BBVA) today announced that they have signed a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion to be funded with cash on hand in a fixed price structure.
BBVA USA Bancshares, with $104 billion in assets and headquartered in Houston, Texas, provides commercial and retail banking services through its banking subsidiary BBVA USA and operates 637 branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. When combined with PNC's existing footprint, the company will have a coast-to-coast franchise with a presence in 29 of the 30 largest markets in the U.S.
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TSL Express Daily Headlines & News
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Tradewind Funds Kitchenware and Home Accessories Company based in Shanghai
August 13, 2019radewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and accessories for the house to buyers located domestically and in the United States and Europe.
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Antares Leads Financing to Alpine Investors’ Formation of Apex Service Partners
August 13, 2019Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to support Alpine Investors’ (“Alpine”) investment in Frank Gay Services and Best Home Services to form Apex Service Partners, an HVAC, plumbing and electrical services platform.
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Capital One Closes 1H 2019 Topping List of Lead Arrangers for Number of Leveraged Loans Closed in Healthcare Industry
August 13, 2019Capital One Healthcare’s Corporate Finance group maintained its position as the No. 1 lead arranger of healthcare leveraged loans by deal count for transactions up to $1 billion for the first half of 2019, according to league tables produced with data from Thomson Reuters LPC. The team closed 12 total transactions.
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First Business Capital Corp. Announces Closed Deal in Michigan
August 13, 2019Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $12,000,000 credit facility including a revolving line of credit, equipment term loan, and a real estate term loan for a rolled steel parts manufacturer company located in Michigan.
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Obsidian Energy Announces Update to its Syndicated Credit Facility and Peace River Oil Partnership Disposition
August 13, 2019OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the Company's syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility remaining at $550 million and $460 million, respectively.
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Crestmark’s Transportation Division Announces Promotions of Sherri Holmes, Kim Meek and Phyllis Packard
August 12, 2019Executive Vice President and Transportation Services Division President Heath Holdbrooks announced the recent promotions of Sherri Holmes and Kim Meek to portfolio management for the division, and Phyllis Packard to vice president, legal compliance.
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Second Avenue Capital Partners and White Oak Commercial Finance Co-Agent a $16 Million Senior Secured Credit Facility for Marolina Outdoor
August 12, 2019Second Avenue Capital Partners, LLC (“SACP”) and White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, have closed on a $16,000,000 asset-backed revolving credit facility for Marolina Outdoor, Inc., a Charleston, SC-based apparel company.
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North Mill Capital Announces Acquisition of Summit Financial
August 12, 2019North Mill Capital (”North Mill”), a wholly-owned subsidiary of Solar Senior Capital (NASDAQ: SUNS), is pleased to announce the acquisition of Summit Financial Resources (“Summit”), a leading provider of factoring services across the U.S.
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Iron Horse Credit Provides $5MM Stand-Alone Inventory Facility to an Electronic Goods Wholesaler
August 12, 2019Iron Horse Credit is proud to announce it recently closed a $5MM stand-alone inventory facility to an electronic goods wholesaler.
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Refinitiv: Total Leverage on Large Corporate US LBO Loans Increases to 7x This Quarter
August 12, 2019
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Diebold Nixdorf Completes Amendment and Extension of Senior Secured Revolving Credit and Term Loan A Facilities
August 12, 2019Diebold Nixdorf, Incorporated (NYSE: DBD) today announced it has successfully amended and extended the vast majority of its $787 million revolving credit facility and term A loans from December 23, 2020 to April 30, 2022.
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ExWorks Finances UK-based Electronic Video Game Company
August 12, 2019Founded in 2016, this UK-based video game publisher has worked alongside some of the biggest entertainment companies in the world to deliver interactive games across all major platforms.
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Amerisource Closes $3,500,000 Credit Facility for Manufacturing Company
August 12, 2019Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a speciality manufacturing company based in New York. Proceeds of the facility are being used to support their growth.
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DaVita Announces New Senior Secured Credit Agreement
August 12, 2019DAVITA INC. (NYSE: DVA) ( "DaVita" or the "Company"), a Fortune 500® health care provider focused on transforming care delivery to improve quality of life for patients around the globe and the largest provider of kidney care services in the U.S., announced today that it has entered into a new $5.5 billion senior secured credit agreement.
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ENGS Commercial Capital (ECC) Welcomes David Baker
August 12, 2019ENGS Commercial Capital (ECC), a subsidiary of ENGS Commercial Finance, a Mitsubishi UFJ Lease & Finance Company, is pleased to announce that David Baker has joined as Vice President, Business Development Officer.
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Austin Financial is Pleased to Announce a New Hiring in Portfolio Management
August 12, 2019Austin Financial Services, Inc. is pleased to announce that Colton Ortar has joined our portfolio team as Vice President Portfolio Manager. Ortar will be based in AFS’s Utah offices, further bolstering the AFS footprint and expansion in the mountain region.
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Anvil Energy Funds $11,000,000 Acquisition Financing
August 12, 2019Anvil Capital Partners today announced final close of an $11,000,000 senior secured loan facility to Vermilion Cliffs Partners supporting the acquisition of producing assets in the Permian basin.
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Technology Drives Floorplan Finance Growth at Merchants Bank
August 12, 2019From spreadsheets to the latest floorplan finance software: new technology has transformed service levels and increased customer demand at a Minnesota-based bank.
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Bank of Southern California Names Joel Ewan Senior Vice President, Credit Administration
August 12, 2019In this newly created role, he will be responsible for managing, implementing, and evaluating credit policy initiatives as well as analyzing and structuring commercial credit for clients across multiple industry sectors.
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MidCap Business Credit Closes on a $5,500,000 Asset Based Credit Facility
August 12, 2019MidCap Business Credit announced today they have closed on a $5,500,000 Asset Based Credit Facility for Mitchell Rubber Products, LLC.
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