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Rosenthal’s Southeast Office Closes $35 Million in Factoring Deals
A designer of high-end handbags and accessories lost coverage on some of their retail customer accounts due to COVID-related challenges. When their existing bank was unable to cover those customers and restricted their borrowing capacity, the client reached out to Rosenthal.
When one of the world’s largest manufacturers of premium textiles and bedding was looking to establish a U.S. entity to sell to retailers, the company sought out a factor to provide the necessary credit coverage it needed to move forward. Unfamiliar with factoring and given the current state of the retail environment, the company turned to Rosenthal because of the firm’s deep experience in the textile and retail space.
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TSL Express Daily Headlines & News
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North Mill Capital LLC Announces the Addition of Tammy Bowling, as its Vice President, Invoice Based Financing, East Coast Director
July 22, 2019Prior to joining North Mill, Bowling worked at Riviera Finance. She has over 22 years of lending experience ranging from underwriting to senior account executive.
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Abacus Finance Announces a Further Expansion of its Team With the Hiring of Two New Investment Professionals
July 22, 2019Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced the hiring of Seth I. Friedman as a managing director and Austin Rendell as an analyst.
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MidCap Business Credit Closes on a $2,000,000 Asset Based Credit Facility for Pavement Corporation
July 22, 2019MidCap Business Credit announced today they have closed on a $2,000,000 asset-based credit facility for Pavement Corporation, a portfolio company of Vicour and Spring Capital Partners out of Baltimore, MD.
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Rosenthal Provides $3M PO Finance Facility for NY-Based Importer
July 22, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, announced the completion of a recent $3 million inventory production finance deal for an importer of dinnerware and glassware.
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CUMULUS MEDIA Makes $50 Million Voluntary Debt Prepayment
July 22, 2019With this prepayment, the Company has reduced its debt by approximately $250 million since emerging from Chapter 11 on June 4, 2018, bringing the Company’s total debt to approximately $1.05 billion.
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Global Eagle Announces $61 Million of Additional Liquidity
July 22, 2019Global Eagle Entertainment Inc., a leading provider of media, content, and connectivity to markets across air, sea and land, today announced that it has completed a $40 million upsizing of its Senior Secured Term Loan due 2023, as well as an amendment to its Term Loan.
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Piper Jaffray Announces the Addition of its CD and Structured Note Underwriting Business
July 22, 2019Piper Jaffray Companies (NYSE: PJC), a leading investment bank and institutional securities firm announced the addition of its CD and Structured Note underwriting business with the arrival of Ardi Baniahmad, Josh Brenner, Rick Cabanes and Meghan Greenwood, formerly of First Empire.
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Stifel Launches Venture Banking & Lending Group to Serve U.S. Innovation Ecosystem
July 22, 2019Stifel Financial Corp. (NYSE: SF) today announced the successful launch of a venture banking and lending business, dedicated to providing debt capital financing and commercial banking solutions to growth companies and their backers.
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Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility and Announces Quarterly Cash Distribution
July 22, 2019Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today that the Partnership has successfully amended and extended its revolving credit facility.
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Northeast Bank Announces Appointment of Salvatore Salzillo as Senior Vice President, Business Development
July 11, 2019He comes to Northeast Bank with over thirty years of commercial lending experience including real estate, lender and corporate finance.
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Antares Leads Financing to Support New Mountain’s Acquisition of W2O
July 9, 2019Antares announced today that it served as a lead arranger and is acting as administrative agent for a senior secured credit facility to support the acquisition of W2O by New Mountain.
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U.S. Bank Names Joshua Shade Arizona Market President
July 1, 2019Shade succeeds Brian Schwallie, who was promoted within the company.
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Acerus Announces Amendment to Term Loan Credit Facility
July 1, 2019Acerus Pharmaceuticals Corporation (TSX:ASP, OTCQB: ASPCF) (“Acerus” or the “Company”) today announced that it entered into an amended agreement related to its existing credit facility with SWK Funding LLC (“SWK”).
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Alliance BioEnergy Plus, Inc. Files Plan to Exit Chapter 11
July 1, 2019Alliance BioEnergy Plus, Inc. has filed its Chapter 11 Plan of Reorganization and Disclosure Statement with the bankruptcy court.
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Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
June 19, 2019Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Jeffrey A. Glaush, Senior Managing Director, Commercial Private Banker.
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Contura Announces Completion of Successful Refinancing Through $561.8 Million Term Loan Credit Facility
June 19, 2019Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced the completion of its refinancing process through a previously disclosed five-year, $561.8 million senior secured term loan facility.
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Cross River Expands Capital Markets Portfolio and Professional Team
June 19, 2019Cross River Bank (“Cross River”), a leading innovator and provider of banking services for financial technology companies, today announced several key initiatives taken to expand its Capital Markets portfolio and professional team, further fortifying its commitment and ability to provide best-in-class capital markets services and solutions to the fintech community and beyond.
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Provident Adds to Lending Team in Philadelphia Metro Market
June 4, 2019Provident Bank is pleased to announce that Brian Snyder has joined the bank as a Vice President and Relationship Manager with the Philadelphia Metro Commercial Lending Team. He will be based in the bank’s Wayne, Pa. regional office and will be responsible for growing the commercial loan portfolio in Philadelphia and the surrounding counties by offering a wide range of commercial products, including lines of credit, equipment loans, and real estate mortgages to businesses and real estate investors.
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LabCorp Announces New Term Loan Facility
June 4, 2019LabCorp® (LH) entered into a new Term Loan Credit Agreement, which provides for a two-year term loan credit facility in the principal amount of $850 million (the “New Term Loan Facility”).
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Canaccord Genuity Adds Dedicated FinTech Expertise in its U.S. Investment Banking Business
May 30, 2019Canaccord Genuity Group Inc. (TSX: CF, the "Company") is pleased to announce that Jason Panzer has joined as Managing Director, Investment Banking.
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