- Monroe Capital Supports AE Industrial Partners’ Investment in Powder Alloy Corporation
- Eclipse Business Capital Closes $55 Million ABL Facility for Leading Regional Building Materials Supplier
- Top California Lender Closes $7 Million Kansas City Riverfront Construction Bridge Loan
- Greenberg Traurig Advises Nomad Foods on €280 Million Revolving Credit Facility, €800 Million High-Yield Notes Offering
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands
TSL Express Daily Articles & News
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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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OnDeck to Highlight Success of Women Small Business Owners; "How She Built This" Events Celebrate National Women's Small Business Month
October 8, 2019OnDeck (NYSE: ONDK), the leader in online lending to small business, today announced it will host events in New York and Denver this month featuring accomplished women entrepreneurs relating how they overcame challenges to build their small businesses. The "How She Built This" events are part of OnDeck's celebration of National Women's Small Business Month.
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36th Street Closes $6 Million Financing for Green Energy Company
October 8, 201936th Street Capital announced a recently funded a $6 million equipment financing for a leading energy services company that provides fuel cell solutions to commercial clients.
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Siena Lending Group LLC Announces the Closing of a New Revolving Credit Facility for Doodad Printing, LLC
October 8, 2019Siena Lending Group LLC (“Siena”) announces the completion of a new asset-based revolving credit facility for Doodad Printing, LLC (“Doodad”). The proceeds will be used to repay existing debt and provide the business with additional working capital to fund the company's operations and growth.
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Rosenthal Hires New VP/Account Exec to West Coast Team
October 8, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the appointment of Phillip Daks as VP Account Executive in the firm’s West Coast office.
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BFS' Global Business Monitor: Insights from SMBs in the US and Around the World
October 8, 2019This year’s research surveyed 2,300 small and medium-sized businesses across 13 countries: Canada, USA, Ireland, UK, Netherlands, Belgium, France, Germany, Poland, Czech Republic, Slovakia, Hong Kong and Singapore.
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ING Leads Syndicated Financing of $300 Million for Gerald Group
October 8, 2019ING Capital LLC ("ING") led a US$300 million syndicated financing on behalf of GT Commodities LLC ("GTC" / "Company"), the North American trading hub for Gerald Group, the world's largest employee owned metals merchant. The deal closed on October 4, 2019. ING, as Administrative Agent, structured and arranged this inaugural revolving credit facility. Deutsche Bank and Rabobank acted as Joint Lead Arrangers.
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LBC Supports Investment in Arizona Shower Doors, LLC
October 8, 2019LBC Credit Partners announced an increase in the DreamLine senior secured credit facilities to support an investment in Arizona Shower Doors, LLC ("Arizona"). DreamLine is a portfolio company of MPE Partners.
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Citizens Commercial Bank Combats Hackers In Cybersecurity Awareness Month
October 8, 2019According to the FBI’s Internet Crime Report, losses from Business Email Compromise (BEC) scams amounted to $1.3 billion in 2018 — twice the losses in 2017. Over the 12 months ending in July, more than 6,000 organizations were targeted each month by BEC scams, according to cybersecurity software firm Symantec.
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Abacus Finance Provides $48 Million in Senior Debt Financing to Support the Recapitalization of Receivable Solutions, LLC by WestView Capital Partners
October 8, 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 that it served as Administrative Agent and Co-Lead Arranger for $48 million in senior secured credit facilities to support the recapitalization of Receivable Solutions, LLC by WestView Capital Partners. Abacus also made an equity co-investment in Receivable Solutions.
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Garrington Group of Companies Introduces IconiQ Finance
October 7, 2019The Garrington Group of Companies (“Garrington”) is pleased to announce the launch of IconiQ Finance (“IconiQ”).
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Garrington Group of Companies Introduces Blacksail Capital Partners
October 7, 2019Blacksail operates in both Canada and the United States, with key representation in the USA spearheaded by James Franz and in Canada by John Levac. Both have a strong history of success in the Asset Based Lending industry with a specific focus on deals ranging from $1-30 million in size.
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Garrington Group of Companies Finalizes Purchase of the assets of Liquid Capital Corporation
October 7, 2019The Garrington Group of Companies (Garrington) are pleased to announce the purchase of the assets of Liquid Capital Corp. via the Garrington subsidiary Liquid Capital Enterprises (Liquid Capital.)
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Refinitiv LPC: 3Q19 US M&A Loan Volume Down 28% Y-o-Y; I-Grade M&A Lowest Since 1Q17
October 7, 2019At less than US$112bn, 3Q19 US M&A loan volume marked the lowest quarterly result in two and a half years, bringing total issuance for the year to less than US$395bn. Quarter-over-quarter M&A lending via the loan market has been eroding since 3Q18. Issuance for the first nine months of 2019 was down nearly 15% compared to the year-ago period.
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North Mill Capital LLC Provides Accounts Receivable Facility for Staffing Firm
October 7, 2019The funds were used to pay off the current lender and provide additional working capital for the company.
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Elaine Genevro to Lead Branch Banking at Union Bank
October 7, 2019Union Bank today announced Elaine Genevro as Head of Branch Banking for the Regional Bank. Genevro will oversee a network of more than 350 branches throughout California, Oregon, and Washington.
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Utica Leaseco, LLC Completes Two Transactions Totaling $900,000
October 7, 2019Utica Leaseco completed the funding of a $400,000 true lease secured by machinery and equipment to a hemp processing company located in California.Utica Leaseco completed the funding of a $500,000 capital lease secured by machinery and equipment to a hemp processing company located in Kentucky.
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Newly Created Heritage Southeast Bank Hires Chief Credit Officer
October 7, 2019Heritage Southeast Bank announced today that Paul Hoerig has joined the team as Executive Vice President and Chief Credit Officer. Mr. Hoerig will manage all credit-related functions for the company’s three banking regions.
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Kinderhook Acquires Copperweld from THL Credit
October 7, 2019Kinderhook Industries has acquired Copperweld Bimetallics, a supplier of bimetallic wiring products, from THL Credit.
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Andrew K. G. Hildreth and Jonathan Roe Join Ankura as Senior Managing Directors
October 7, 2019Ankura, a leading global business advisory and expert services firm, today announced the appointment of two new Senior Managing Directors based in London, UK — economist Andrew K. G. Hildreth and infrastructure and capital projects expert Jonathan Roe.
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Horizon North Logistics Inc. Announces Amendment and Extension of Credit Facility
October 7, 2019Horizon North Logistics Inc. ("Horizon North" or the "Corporation") (TSX: HNL.TO) announced today that the Corporation recently reached an agreement with its lenders to amend its credit facility.
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