- White Oak Commercial Finance and Hilco Global Provide $192MM Senior Secured Credit Facility for Royal Cup Coffee and Tea
- GA Financial Advisory Services Expands Regional Footprint with Appointment of Trent Turner as Director and Mountain West Market Leader
- Dropbox Completes New Senior Secured Revolving Credit Facility; Announces $900M Stock Repurchase Program
- News Detail Share Test
- MONTICELLOAM, LLC Welcomes Sara Hollander to Help Lead Business Development and Strategy
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Merchant Opportunities Fund Closes $27.5 Million BMO Credit Facility
The Merchant Opportunities Fund, a Vancouver-based diversified credit opportunities fund focused on prudently compounding capital over the long-term, today announced that it has closed a revolving debt facility with the Bank of Montreal ("BMO"). The facility consists of a $15 million funding commitment with a two-year term along with a $12.5 million accordion.
The Merchant Opportunities Fund invests in well-selected proprietary specialty finance portfolios, that in many cases consist of loans or advances that are originated, underwritten, and serviced by their primary originator, Merchant Growth. The BMO debt facility specifically provides funding for the Merchant Growth portfolio.
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TSL Express Daily Headlines & News
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SierraConstellation Partners Promotes Philip Kaestle to Senior Director Kaestle to Relocate to Seattle Following Promotion
September 9, 2019SierraConstellation Partners (SCP), a national interim management and advisory firm to middle-market companies in transition, announced today that Philip Kaestle has been promoted to Senior Director and will relocate to Seattle as the firm establishes a presence in the Northwest U.S. market.
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Urban Grid Closes USD100M Senior Secured Term Loan Facility Provided by Crayhill Capital Management
September 9, 2019Urban Grid, a developer of solar projects throughout the United States, has closed a senior secured term loan facility for up to USD100 million with Crayhill Capital Management (Crayhill), a New York-based private credit manager and asset-based lender.
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High Road Cap Locks up Another Door Security/Hardware Wholesaler
September 9, 2019High Road Capital Partners announced that its portfolio company Banner Solutions has completed the acquisition of the assets of Specialized Builder’s Hardware, marking the company’s fifth acquisition under High Road Capital’s ownership.
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Hedaya Capital Group Announces the Completion of an $850,000 Factoring Facility for a Plug and Play Video Game Company
September 9, 2019The company has been in business for 10 years and is licensed to re-create classic video games such as; Ms. Pac Man, Frogger, Street Fighter, WWE, Space Invaders, etc.
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Justin Carter Joins California Bank of Commerce as Vice President of Business Development
September 9, 2019Carter will be based out of Southern California and will be responsible for driving sales in the region. CBC Business Credit is a department within California Bank of Commerce that offers asset-based financing to a broad array of businesses.
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Wells Fargo Capital Finance Continues to Expand Loan Originations Group
September 5, 2019Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.
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TAB Bank Provides Machine Parts Manufacturing Company in Oregon with a $1 Million Asset-Based Credit Facility
September 5, 2019TAB Bank is pleased to announce it has provided a $1 million asset-based revolving credit facility for a machine parts manufacturing company located in Oregon.
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Peabody Energy Corporation: Peabody Launches Process to Refinance Existing Term Loan and Revolving Credit Facilities; Provides Update on Financial Performance
September 5, 2019Peabody (NYSE: BTU) announced today that it has launched a process to refinance its term loan and revolver with larger facilities to accommodate the pending PRB/Colorado joint venture with Arch Coal, increase financial flexibility, extend debt maturities and increase pre-payable debt as part of the company's previously announced comprehensive refinancing initiative.
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Urban Grid Closes $100 Million Senior Secured Term Loan Facility Provided by Crayhill Capital Management
September 5, 2019Urban Grid, a leading developer of solar projects throughout the United States, today announced that it has closed a senior secured term loan facility (the "Facility") for up to $100 million with Crayhill Capital Management LP ("Crayhill"), a New York-based private credit manager and asset-based lender.
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Windels Marx announces the arrival of Partner Leon A. Yel joining from CKR Law
September 5, 2019Today, Windels Marx announced the arrival of Partner Leon A. Yel, resident in the New York office joining from CKR Law.
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Caltius Equity Partners Invests in Air Conditioning Innovative Solutions
September 4, 2019Caltius Equity Partners (“Caltius Equity”) is pleased to announce it has made a significant investment in Air Conditioning Innovative Solutions (“ACIS” or the “Company”), a founder-owned provider of commercial HVAC and plumbing maintenance and repair services in Texas.
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Hitachi Capital America Welcomes Tom Waters as Director of Clean Technology
September 4, 2019Hitachi Capital America Corp. (HCA) today announced that Tom Waters has joined the company as Director, Clean Technology.
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IDB Bank Provides Three-Year Loan to American Customer Care
September 4, 2019IDB Bank®, a New York-based private and commercial bank, today announced it has provided American Customer Care with a three-year $9.3 million loan.
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OxyContin maker prepares 'free-fall' bankruptcy as settlement talks stall - sources
September 4, 2019OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company’s $10 billion to $12 billion offer in August to end their lawsuits as part of a negotiated Chapter 11 case.
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Chembio Diagnostics Announces $20 Million Term Loan with Perceptive Advisors
September 4, 2019Chembio Diagnostics, Inc. (Nasdaq: CEMI), a leading point-of-care diagnostics company focused on infectious diseases, today announced the closing of a $20 million term loan with an affiliate of Perceptive Advisors, one of the world’s leading healthcare-focused investment firms.
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BizCap Delivers Financing for Multinational Technology Services Company
September 4, 2019Business Capital (BizCap) structured and delivered a credit facility to Innominds Software, Inc., (Innominds) a provider of convergent design, technology and engineering solutions that accelerate digital transformation and growth for its enterprise clients, which include large blue chip technology companies.
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Gibraltar Continues Business Development Expansion with New Northeast SVP, Tony Vassallo
September 3, 2019Gibraltar welcomes Tony Vassallo as the newest veteran specialty-finance expert to join its experienced and dynamic Northeast regional business development team.
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Breaking News: LeClairRyan files for bankruptcy
September 3, 2019LeClairRyan, the battered Richmond law firm that in recent weeks announced it would shut down in the face of mass defections, has filed for bankruptcy.
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US mid-market lenders expect solid September pipeline
September 3, 2019US middle market lenders are optimistic that post-Labor Day dealflow will be steady and could likely accelerate heading into the fourth quarter.
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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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