- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$2.5M -Contemporary Fashion Brand
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$4M
- Southstar Capital Provides $500,000 A/R Financing Facility for Recreation Services Company Expanding Sports and Outdoor Projects
- MidCap Financial Closes a Senior Secured Credit Facility to Mejuri
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$5M
TSL Express Daily Articles & News
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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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Fifth Third Bancorp Introduces New Investment Banking Capabilities for Renewable Energy Industry
August 15, 2019Fifth Third Bancorp (Nasdaq: FITB) announced today that Fifth Third Securities Inc. has hired Timothy Beach, Ari Citrin and Oliver Janssen as managing directors to lead its new Renewable Energy Investment Banking Group.
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Sallyport Commercial Finance Supplies a Credit Facility to a Demolition and Excavation Company
August 15, 2019Sallyport Commercial Finance delivers a $500,000 accounts receivable facility to a construction clean up company. A local business consultant was working closely with an owner who had difficulty staying current with his suppliers.
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Rocky Lozano Joins TAB Bank’s Business Development Team
August 15, 2019Rocky will be based in Dallas and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities in the Southwestern United States with annual revenues of $2 million to $150 million.
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GA Global Partners and Centurion Service Group Retained to Sell Pine Creek Medical Center's State-of-the-Art Surgical Hospital Equipment
August 15, 2019Great American Global Partners LLC ("GA Global"), a leading wholesale and industrial asset disposition solutions provider and subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), and Centurion Service Group LLC ("Centurion"), a leading auctioneer of medical equipment, were retained to conduct a public auction of Pine Creek Medical Center's surgical and hospital support equipment.
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CIT Serves as Sole Lead Arranger on $60 Million Financing for Partners Pharmacy
August 15, 2019Headquartered in Springfield, N.J., Partners Pharmacy is one of the nation's top providers of pharmacy and infusion services to the senior living facilities, including skilled-nursing facilities, assisted-living facilities, independent living communities, and memory-care facilities. The proceeds will be used to refinance an existing credit facility and to provide working capital.
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Vcheck Global Recognized as the Fastest Growing Background Check and Due Diligence Investigations Company in America by Inc. Magazine
August 15, 2019Vcheck Global is excited to be selected for the second consecutive year by Inc. Magazine to be amongst their 5000 fastest-growing companies. "We have sincere appreciation to our dedicated team and our diverse client base for enabling our turbo growth over these past years," said Adam Rudman, CEO of Vcheck Global.
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Platinum Group Metals Announces US$10.4 Million Bought Deal Financing, US$9.2 and US$10 Million Private Placements of Common Shares and Entry into a Payout Agreement and New US$20 Million Credit Facility
August 15, 2019The New Credit Facility is a US$20.0 million principal amount senior secured credit facility. The maturity date of the New Credit Facility will be 24 months from the date of the first advance under the facility.
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Aurora Cannabis Announces Upsizing of Credit Facility to Approximately C$360 Million (US$280 Million)
August 15, 2019Aurora Cannabis Inc. ("Aurora or the "Company") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that it has secured commitments from an expanded syndicate of lenders led by the Bank of Montreal ("BMO") to amend and upsize its existing C$200 million secured credit facility.
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Shepherd Kaplan Krochuk Promotes Stephen M. Brackett to President and Co-Head of Alternative Investments
August 15, 2019Shepherd Kaplan Krochuk, LLC (“SKK”), a leading, independently owned, SEC-registered Investment Advisory firm, announced today that Stephen M. Brackett has been promoted to President and Co-Head of Alternative Investments.
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TCI Introduces New Vice President of Sales
August 14, 2019With specialized experience in auto lending, sales Vice President Devin Archer’s skills and experience will resonate with lenders.
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Winter Harbor Hires Andrew Wybolt, Expands Boston Office
August 14, 2019Andrew joins Winter Harbor from Nomura Securities International, where he served as an associate in their Corporate Finance, Equity Derivatives, and Delta One Trading divisions.
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Axiom Bank, N.A. Promotes Joshua Ocampo As Digital Banking Relationship Manager
August 14, 2019Axiom Bank N.A., a Maitland-based, leading community bank, recently promoted Joshua Ocampo to Digital Banking Relationship Manager.
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Eugene Chikowski Joins Holland & Knight’s Financial Services Team
August 14, 2019Holland & Knight announced today that attorney Eugene Chikowksi has joined the firm’s Financial Services Practice Group in its Philadelphia office.
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Mutuo Financiera Closes USD 100 Million Financing Facility Provided by Crayhill Capital Management
August 14, 2019Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico, today announced that it has closed on a senior secured credit facility provided by Crayhill Capital Management ("Crayhill"), a New York-based private credit manager and asset-based lender.
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GigNet, Inc. Secures Additional Financing with Credit Suisse Asset Management
August 14, 2019Cobalt Broadband Services S.A. de C.V., a wholly owned operating subsidiary in Mexico of GigNet, Inc., announced today that based on progress to date, Mexico Credit Opportunities Fund II, managed by Credit Suisse Asset Management, has agreed to increase the funds available under a credit facility established one year ago.
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Huntington Business Credit Announces New Credit Facility
August 14, 2019Huntington Business Credit announced it closed a new credit facility with First SOURCE Electrical, LLC on June 13, 2019.
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Antares Leads Financing to Alpine Investors’ Formation of Apex Service Partners
August 14, 2019Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to support Alpine Investors’ (“Alpine”) investment in Frank Gay Services and Best Home Services to form Apex Service Partners, an HVAC, plumbing and electrical services platform.
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Grasshopper Bank Appoints Jeremy Shure as Global Head of Early-Stage Practice
August 14, 2019Grasshopper Bank, the new commercial venture bank built for innovation economy companies and the venture capital firms that fund them, has appointed Jeremy Shure as its Global Head of Early Stage Practice.
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Capital One Adds Larry Schmill to Government Contracting Banking Team, Boosting West Coast Presence
August 14, 2019Capital One announced today that Larry Schmill has joined its Government Contracting Banking Group as a Managing Director, Aerospace, Defense and Government Services, based in Los Angeles.
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Auxly Announces Signing Of Term Sheet For $84 Million Credit Facilities Through Its Joint Venture Partner, Sunens Farms Inc.
August 14, 2019Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has entered into a term sheet for a syndicated credit facility, with the Bank of Montreal (“BMO”) as Lead Underwriter.
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