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TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Encina Capital Partners, LLC (“Encina”) and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree”) announced today that they have launched Encina Lender Finance, LLC (“ELF”), a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada.
Headquartered in Atlanta, ELF offers revolving lines of credit and term loans ranging in size from $10 - $40 million to specialty finance companies (sponsored and non-sponsored) across a wide range of asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, floorplan financing, commercial real estate bridge lending, tax lien/deed financing, venture debt lending, SMB lending & merchant cash advance, middle-market private credit, charged-off debt buyers, rent-to-own consumer leasing, unsecured consumer lending and specialized student lending.
TSL Express Trending Story
TSL Express Daily Headlines & News
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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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Celtic Capital Corporation today announced its most recent new client relationship
September 3, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that conducts telephone and mail solicitation for 501-C3 charitable organizations or political organizations.
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Byline Sponsor Finance supports Kian Capital in its recapitalization of The Eastwood Company
August 29, 2019Byline Bank Sponsor Finance ("BSF") announced that it has provided revolver and term credit facilities to finance Kian Capital’s recapitalization of The Eastwood Company (“Eastwood”). BSF was represented by Duane Morris, LLP.
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Bibby ups healthcare wholesaler's funding package to £10m for product expansion
August 29, 2019Bibby Financial Services (BFS) has increased Veenak International’s asset funding package to £10m, which will allow the healthcare wholesaler to expand its product offering.
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Trade Association Chief Warns US Days Away From 'Retail Armageddon'
August 29, 2019With the latest round of tariffs on a wide swath of goods from China set to hit Sunday, the head of a major trade association representing the apparel and footwear industry is warning the United States is fast approaching “retail Armageddon.”
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Tradewind Announces Export Factoring Facility for Electronics Company in Hong Kong
August 29, 2019Tradewind has closed a $2 million export factoring facility for an electronics company based in Hong Kong that sells items such as smart watches, smart bands, and tablets to traders and retailers globally.
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Foley Business Capital has been acquired by Vero Business Capital, LLC
August 29, 2019We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).
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Terese L. Arenth, Esq. Appointed Vice-Chair of ABA's Promotion & Marketing Law Committee
August 29, 2019Terese L. Arenth, a partner in the Garden City law firm of Moritt Hock & Hamroff LLP, was recently appointed by the American Bar Association (ABA) to serve as Vice-Chair of its Promotion & Marketing Law Committee of the ABA Section of Intellectual Property.
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People's United Bank Provides $92 Million Credit Facility for MidCap Financial
August 28, 2019People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance and Capital Markets Divisions provided a $92 million Credit Facility to MidCap Financial ("MidCap"), a middle market-focused, specialty finance firm that provides senior debt solutions to companies across all industries.
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Thermo Credit, LLC Announces $1,500,000 Factoring Facility with Process Cellular, Inc.
August 28, 2019
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Sallyport Commercial Finance Arranges a Factoring Facility to a Growing Staffing Company
August 28, 2019Sallyport Commercial Finance assembles a $250,000 Accounts Receivable facility to a commercial home care agency.
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White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
August 28, 2019White Oak Commercial Finance announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen.
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