TSL Express Daily Articles & News

Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report another quarter of strong and consistent financial results. During the fourth quarter, we reported our seventh consecutive quarterly increase in our Net Asset Value. Adjusted Net Investment Income for the quarter covered our dividend and our current annual cash dividend to shareholders is approximately 9.2%1 . The M&A market continues to be very active, and we are well positioned to support the financing needs of our clients that have resilient business models and positive long-term outlooks.

The demand for working capital remains robust, and the alternative lending industry continues to expand. Fintegra, a fintech direct funder, has secured a credit facility of $30 million from Bastion Funding. The credit facility will help Fintegra address the growing demand from business owners for fast and reliable access to working capital.

SLR Healthcare ABL is pleased to announce it has provided a $2 million asset-based revolving line of credit to a skilled nursing operator. SLR Healthcare ABL provides asset-based financing solutions to small and mid-size healthcare providers throughout the United States.

Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers, today announced that it has entered into a new $85 million term loan agreement with TCW Asset Management Company LLC.

Access Capital recently added Signify Technology Group (“Signify”) to its portfolio. Signify is a technology recruitment company based in Santa Monica, CA and is the US subsidiary of Signify UK. The new borrower has an established specialization in placing engineers who are distinctly trained in a unique programming language known as Scala and was founded by Ryan Adams, a recruitment industry veteran with over 14 years of experience.

Monroe Capital LLC (“Monroe”) was selected as the recipient of two Private Debt Investor (“PDI”) awards, including the 2021 Senior Lender of the Year and Lower Mid-Market Lender of the Year, in the Americas. PDI is published by PEI, the only global B2B information group focused exclusively on private equity, private debt, private real estate, infrastructure and agri investing.

LSQ, a leading provider of working capital finance and payments solutions, recently originated a $5 million credit facility for a Texas-based commodities logistics company. The firm will use the capital to fund growth with several of the country’s largest steel manufacturers. Prior to the new facility, the company had a relationship with LSQ through one of its customer’s supply chain finance programs.

Stonebriar Commercial Finance announced that Ryan Bohlert has joined the company as managing director of Originations. Based in Plano, Texas, Ryan will cultivate existing and develop new relationships to source fixed asset secured lease and loan opportunities.

Sallyport is delighted to add another client in February with $7,500,000 accounts receivable funding for a tank manufacturer to the oil and gas industry. The manufacturer's products are in huge demand and with a significant backlog of $80m worth of orders, they needed working capital to satisfy an investor loan and meet their payroll whilst also getting their products out the door to customers. The client can now continue with their growth and expansion goals, achieving a faster turnaround on manufacturing alongside exceptional customer service.

Court-ordered sale provides cost-effective expansion opportunity amid growing equipment rental demand in sectors such as oil and gas, utility solar and construction; Dalton Crane continues as fully staffed business with late-model equipment in the field under customer contracts.

Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today that it has entered into a definitive agreement with a reputable Japanese lender to refinance the loan facilities secured by the 2012-built Capesize M/V Partnership (the “Vessel”) through a sale and leaseback structure.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager, with approximately $2.5 billion in assets under management, focused exclusively on investing in established, private small and medium-sized North American businesses (lower middle-market), is pleased to announce that Crandall Deery has joined as a Managing Director.

Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced it has entered into a definitive agreement to acquire Capstone Partners, one of the largest and most successful investment banking and advisory firms dedicated to serving middle market companies throughout their full business lifecycle.

Hildene Capital Management, LLC (“Hildene”), an asset management firm focused on distressed and event-driven opportunities within credit, today announced that it has entered into a strategic relationship with Leucadia Asset Management (“LAM”), a division of Jefferies Financial Group Inc. (NYSE: JEF). In connection with the transaction, LAM will acquire a non-controlling financial interest in Hildene and will help seed certain new Hildene vehicles and businesses.

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies backed by technology banks, venture capital, and private equity firms, is pleased to support Cepton's growth with a $25 million facility.

Marblegate Asset Management ("Marblegate"), a leading alternative investment firm, has hired Adam Halpern as its Chief Operating Officer (COO). Halpern will be responsible for managing the day-to-day internal operations of the firm, maintaining its strong culture, and ensuring it is well positioned to build on its 13-year record of success. The firm also announced today that Denise Wildes was admitted as a Partner – the first since the firm was founded more than 13 years ago.

Seacoast Banking Corporation of Florida ("Seacoast") (NASDAQ: SBCF), one of the largest community banks in Florida, today announced that it has hired James Stallings, a banking and credit risk leader with nearly 25 years of experience, as executive vice president and chief credit officer. Stallings succeeds Richard Raiford, who recently retired.

This year’s Global Leasing Report is an exciting update for the industry, covering the status of global leasing markets in the months following the breakout of COVID-19. This one-of-a-kind report provides the data leasing firms need to understand the trajectory of the market. Solifi, in partnership with the World Leasing Yearbook, is pleased to provide this at no cost, downloadable on the Solifi website.

Briar Capital Real Estate Fund, a nationwide commercial lender providing asset-based real estate financing solutions, is pleased to announce its expansion into the Midwest market with the hiring of Jill Kirshenbaum as Senior Vice President of Business Development. Based in Chicago, Jill is responsible for developing and maintaining relationships with those in the lending community (asset-based lenders, factors, banks, turnaround professionals, brokers, etc.) to generate asset-based commercial real estate loan opportunities.

Haversine Funding, a leading provider of alternative financing solutions for the specialty lending space, today announced the hiring of Nolan Reichert in the role of business development manager. Haversine continues its rapid expansion, and this newest addition further shows the company’s commitment to our clients, investors and the specialty financing marketplace by developing, deploying, and managing customized financing options for lenders.