TSL Express Daily Articles & News
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Encina Business Credit Provides $75 Million Revolving Credit Facility to Leading Global Provider of Government & Business Services
Encina Business Credit, LLC announced today that it has provided a $75 million senior secured revolving credit facility to a leading global provider of risk management and operational support services to government and commercial clients.
The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to refinance existing debt and provide ongoing working capital financing.
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Experienced Finance Attorney Burke Gappmayer Joins Holland & Hart in Salt Lake City
July 30, 2019Holland & Hart announced the addition of partner Burke Gappmayer to its Commercial Finance practice in its Salt Lake City office.
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Business Capital Delivers Over $300 Million Funding for Solar Fintech Company
July 30, 2019Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally.
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CIT Northbridge Credit Serves as Collateral and Administrative Agent on $100 Million Revolving Credit Facility for Hornbeck Offshore Services
July 30, 2019CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services Inc.
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AutoCanada Announces Credit Facility Amendment
July 30, 2019AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that its lenders under the Company's syndicated credit facility have agreed to extend the previously granted increase .
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Millennium Funding Joins RangeMe Services
July 30, 2019Millennium Funding, a leading provider of working capital solutions to U.S. and Canadian businesses, today announced they have joined RangeMe, the leading online platform that streamlines product discovery, sampling, and sourcing between suppliers and retailers.
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Monroe Capital Expands Credit Facility to Prototek
July 30, 2019Monroe Capital LLC announced an increase in its credit facility to Prototek to support the acquisition of Cal-X, Inc. (“Cal-X”), an existing portfolio company of CORE Industrial Partners.
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Encina Business Credit Provides $45 Million Facility to a Supplier of Hydroponic Products
July 30, 2019The facility consists of a revolving line of credit based on accounts receivable and inventory
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Sallyport Commercial Finance Partners with Blue Star Mothers of America
July 30, 2019This summer, Sallyport Commercial Finance wanted to give back to our heroic men and women of the Armed Forces who are serving this Nation overseas.
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FTI Consulting Expands Corporate Finance & Restructuring Segment in EMEA with the Appointment of Three Senior Managing Directors
July 29, 2019FTI Consulting, Inc. (FCN) today announced the appointment of Diederick van der Plas, Nick Carmichael and Duncan Turner as Senior Managing Directors in the firm’s Corporate Finance & Restructuring segment in London.
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Tradewind Provides Credit Facility to Honey Exporter Based in Brazil
July 29, 2019Tradewind has completed a $600,000 trade finance facility for a high-quality organic honey exporter based in Brazil that sells mainly to buyers in Europe and North America.
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Rosenthal Provides $4M Factoring Facility to New York Luxury Brand
July 29, 2019The New York-based brand was experiencing a major uptick in sales, as a result of orders from both new and existing retail customers. To support the brand’s growth and to mitigate any future cash flow strains, the company was seeking a permanent working capital solution.
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Cogent Bank Announces two Additions to the Specialty Lending Group team
July 29, 2019Cristina Brabson has joined in the role as Vice President-Senior Operations Manager and Abbey Henderson has taken a position as Vice President-Portfolio Manager for the Specialty Lending Group.
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Sterling Bancorp Searching for Portfolio Deals, Northeast Bank Acquisitions
July 29, 2019Montebello, NY-based Sterling Bancorp may announce a portfolio acquisition by the end of the year, management said on their second-quarter earnings call.
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Wheeler Financial from Pitney Bowes Helps Covenant Trucking Company Inc. Secure Funding to Capitalize on Growing North Carolina Economy
July 29, 2019Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance and data, today announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with Covenant Trucking Company Inc.
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Navy Federal Names Deputy Chief Information Officer
July 29, 2019Navy Federal Credit Union announced that Stephen Rice has been selected to serve as the credit union’s deputy chief information officer (DCIO)
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Greenspoon Marder Expands Corporate & Business Capabilities With Addition Of New Partner Michael Smith In New York
July 29, 2019Greenspoon Marder is pleased to announce the expansion of the firm's Corporate & Business practice group with the addition of partner, Michael Smith in New York.
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Greenberg Traurig Adds Shareholders Michael G. Taylor and Michael E. Strauch in Miami Office
July 29, 2019Global law firm Greenberg Traurig, P.A. has added Shareholders Michael G. Taylor and Michael E. Strauch in the firm’s Miami office. Taylor rejoins the firm as a shareholder in the Corporate Practice, while Strauch is a shareholder in the firm’s Litigation Practice.
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Emergent Capital Announces Financing Commitment for Bankruptcy Exit
July 29, 2019Emergent Capital, Inc. (OTCQX: EMGC) ("Emergent" or the "Company"), announced that on July 18, 2019, Emergent and its subsidiaries, including White Eagle Asset Portfolio, LP, entered into a binding commitment with Jade Mountain Partners
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Capital One Adds Tim Fouts as Middle Market Relationship Manager in Dallas
July 29, 2019Capital One announced today that Tim Fouts has joined its Commercial Bank as a Senior Vice President and Relationship Manager.
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1st Capital Bank Opens Loan Production Office (LPO) in Santa Cruz
July 29, 20191st Capital Bank (OTC Pink: FISB) President and CEO, Thomas Meyer announced 1st Capital Bank has opened a commercial lending office in Santa Cruz, California.
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