- First Citizens Bank Introduces Working Capital Finance Group
- Jones Day Expands Global Financial Markets Practice With Three Lawyers in London and Dallas
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- Walden Renewables Secures Up To $250 Million Development Capital Financing Facility From Crayhill Capital Management
- Concord Closes $16.5MM Senior Credit Facilities for General Contractor
TSL Express Daily Articles & News
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Gerber Finance Launches Gerber+
Gerber Finance, a leading finance partner for companies experiencing accelerated growth, is expanding its portfolio and client offerings with the launch of Gerber+. This new division will service businesses seeking a higher level of funding ranging from $10 to $25 million. Gerber Finance currently focuses on facilities up to $10 million. Gerber is also announcing its first Gerber+ client, Molded Acoustical Products (MAP) of Easton, a full-service insulation manufacturing solutions company.
Gerber has established this new division alongside its parent company, eCapital Corp., ("eCapital"), a leading alternative finance provider, to help companies grow and achieve their mission by accelerating their access to capital. The new division will be led by Senior Vice President Entela Semini, who will serve as Northeast director of Gerber+.
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TSL Express Daily Headlines & News
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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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Capital One Welcomes Jeff Goldsmith to Commercial Underwriting and Portfolio Management Team
September 3, 2019Capital One announced that it recently appointed Jeff Goldsmith to its Underwriting and Portfolio Management team.
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B. Riley Serves as Exclusive Sell-Side Advisor to PCM on its $581 Million Sale to Insight Enterprises
September 3, 2019B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") today announced its investment banking subsidiary, B. Riley FBR, Inc., served as exclusive financial advisor to PCM, Inc. (NASDAQ: PCMI) ("PCM") in connection with its completed sale to Insight Enterprises (NASDAQ: NSIT) ("Insight").
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Worthy Lending, LLC Finishes the Summer With $1.5MM in New Financing Facilities
September 3, 2019In order to complete numerous purchase orders and to prepare for a very busy year end, this midwestern manufacturer and servicer of 21st century state-of-the-art printing presses looked for a flexible lender able to finance its inventory.
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Byron Stafford Adds Direct Private Equity to Alternatives Enterprise
September 3, 2019Byron Stafford, a professional Asset Manager who provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals, today announced that it has added private equity to its growing stable of alternative offerings for clients.
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J.C. Penny’s Debt Rating Downgraded by S&P
September 3, 2019Standard & Poors Corp. lowering its debt ratings on J.C. Penney Corp. Inc. due to continued revenue declines and the increasing likelihood that they’ll have to pursue a distressed debt exchange.
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Gina Thoma Peterson Joins Avidbank as Executive Vice President & Chief Operating Officer
September 3, 2019Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, announced today that Gina Thoma Peterson will join the Bank as Executive Vice President and Chief Operating Officer.
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Ultimate Finance to shift investments to asset-based lending
September 3, 2019Ultimate Finance is to withdraw from the unsecured loan market to concentrate on further investment in asset-based solutions.
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