- Chicago Atlantic Agents a Senior Secured Facility to Support the Acquisition of Lionel Holdings, LLC by Round 2 Holdings, LLC
- SouthStar Capital Provides $500,000 A/R Financing Facility for Low-Voltage Services Provider Supporting National Retail Projects
- Eversheds Sutherland Welcomes Phyllis Young as Finance Partner in Texas, Strengthening Finance Practice Group’s Transactional and Restructuring Capabilities
- Varex Announces Successful Completion of Debt Refinancing
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$4M
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Wingspire Agents $100MM to successor of Rubie's Costume Company
Wingspire Capital LLC (“Wingspire”) announced that it has agented a $100 million credit facility consisting of an $80 million senior credit facility (co-led by Ares Commercial Finance) and a $20 million second lien credit facility (provided by Atalaya Capital Management) to Rubies II, LLC (“Rubies II”).
Proceeds from the financing were used to purchase substantially all of the assets of Rubie’s Costume Company, Inc. (“Rubie’s”) via a Chapter 11 363 sale process. Proceeds will also be used to fund the on-going working capital needs of Rubies II.
TSL Express Trending Story
TSL Express Daily Headlines & News
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Versant Funding Announces a new $1.1MM Factoring Facility
September 16, 2019The new client is in the medical technology industry, creating software solutions to improve health care.
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Ryman Hospitality Properties, Inc. Announces Pricing of $500 Million of Senior Notes Due 2027
September 16, 2019Ryman Hospitality Properties, Inc. (RHP) (the “Company”) announced today that RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), its indirect wholly owned subsidiaries, priced the private placement of $500 million aggregate principal amount of 4.75% senior notes due 2027 (the “notes”).
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Neiman Marcus Secures $100 Million Facility to Increase Liquidity
September 16, 2019The luxury retailer plans to use proceeds from the facility, also known as a FILO, to reduce its revolving credit facility and create $100 million in liquidity the company can access in the future. Neiman Marcus Group Inc. completed a $100 million first-in-last-out facility that it will use to pay down the company’s revolver.
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Pacific Mercantile Bank Provides $4.5 Million in Financing to BTG Textiles
September 16, 2019Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $4.5 million credit facility to BTG Textiles. In addition to the financing, BTG Textiles utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.
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Utica Leaseco and Utica Equipment Finance Announce Transactions
September 16, 2019Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of five transactions totaling over $10,000,000 during the week of September 9-13, 2019.
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Fred’s Inc. Taps SB360 As Exclusive Consultant to Conduct Store Closing Sales in the Last Remaining 81 Fred’s Stores
September 12, 2019Fred’s Inc., a discount value retailer, has once again tapped SB360 Capital Partners as their exclusive consultant to conduct Store Closing Sales in all 81 remaining Fred’s locations. SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, has closed 442 Fred’s locations since April of this year.
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Why Partnerships Are the Future for Fintech
September 12, 2019As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank or a startup looking to bring cutting-edge technology into the mainstream.
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Bill Fasel Joins Grant Thornton to Help Grow its Financial Advisory and Transformation Offerings
September 12, 2019Bill Fasel has joined Grant Thornton LLP as a managing director in the firm’s Strategic Solutions practice within Advisory Services. In this role, he will leverage the firm’s financial advisory and transformation capabilities to deliver turnaround and restructuring, operational improvement and transaction advisory services to underperforming and distressed companies and their creditors, lenders and other key constituents.
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TradeCap Partners Provides $4,200,000 PO Facility for Consumer Products Importer
September 12, 2019TradeCap Partners, LLC (“TradeCap”) structured a $4,200,000 PO facility for a consumer products importer to support seasonal promotional programs with multiple retailers.
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CIT Serves as Sole Lead Arranger on $27.2 Million Financing for Texas Assisted Living Facilities
September 12, 2019CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger for a $27.2 million loan for two assisted living facilities in Texas.
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In Equipment Rental Company Wind-down, Tiger Group to Sell a Large Offering of Construction and Industrial Assets
September 12, 2019More than 1,500 well-maintained cranes, lifts, telehandlers, excavators and other assets from Aerial Access Equipment are available for immediate purchase.
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Wells Fargo Unveils New Commercial Banking Structure in Nevada
September 12, 2019Wells Fargo (NYSE: WFC) announced that Stuart Brady, Vincent Ciminise and Ivan Ferraz will lead its newly integrated Commercial Banking operations in Nevada. The new roles stem from the bank’s recently announced regional structure for its Commercial Banking business.
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Monroe Capital Expands Credit Facility to MC Group
September 12, 2019Monroe Capital LLC today announced an increase in the credit facility to MC Group to support the merger of MC Group and Icon Identity Solutions (“Icon”), an existing portfolio company of Arcapita Investment Management US, Inc.
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Citizens Further Expands Corporate Banking Capabilities by Adding West Region, New Midwest Leadership
September 11, 2019David Musicant hired as Citizens’ first West Region leader and Jim Malz to serve as new Midwest Region leader and Ohio President.
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WPX Energy Announces Upsize and Pricing of Senior Notes
September 11, 2019BofA Merrill Lynch, J.P. Morgan, and MUFG are acting as lead book-running managers for the offering.
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NXT Capital Closes $220 Million Facility to Finance New Mountain Capital's Acquisition of Ontario Systems
September 11, 2019NXT Capital acted as the Joint Lead Arranger, Joint Bookrunner and Administrative Agent for this transaction.
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Susan Carol Creative Adds Marketing Leader to Agency Helm--Colleen Daly-Tinkham Formerly with Key Equipment Finance
September 11, 2019Colleen Daly-Tinkham joined Susan Carol Creative’s senior management team this month. She has more than 25 years of experience in marketing communications, most recently serving as vice president of marketing at Key Equipment Finance.
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Bibby Financial Services Announces Deals
September 11, 2019Bibby Financial Services (BFS) provided $2M in funding to a manufacturing company based in Ohio; extended $750,000 to an Indiana staffing company and included $1.85M extended to a Canadian oilfield services company, $1M in funding to US staffing companies, $500K in funding to Canadian transportation businesses, $250K in funding to a New York wholesale/distribution company and more.
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Well-Maintained Electrical Contracting Service Equipment, Vehicles, Tools and Other Assets Up for Bid at Bankruptcy Auction
September 11, 2019By order of the U.S. Bankruptcy Court, District of Minnesota, Tiger Group, in cooperation with Loeb Winternitz, will conduct an online-only offering for well-maintained trencher/cable plows, hydraulic mini excavators, service trucks and other vehicles, and electrical parts inventory formerly owned by People's Electric Co., Inc.
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Great Rock Capital Expands Origination Team, Adds Managing Director to Toronto Office
September 11, 2019Ronnie Bloom joins firm to support continued expansion in Canadian market.
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