TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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May 13, 2024
Source: PR Newswire
HATTIESBURG, Miss., May 10, 2024 /PRNewswire/ -- C3 Rentals LLC ("C3"), a leader in trailer rental and ownership solutions, has successfully secured a $100 million debt facility funded by WhiteHawk Capital Partners, LP ("WhiteHawk") and arranged by Ankura Capital Advisors. This strategic financial boost is aimed at increasing liquidity and supporting the company's future working capital needs, enabling further expansion across the United States.
C3, known for partnering with trailer dealerships to make trailer ownership accessible to underserved markets, has experienced significant growth and expanded to 47 states. The company provides flexible trailer ownership solutions to a broad base of customers. With this new funding, C3 intends to enhance its technological platform, expand its dealership network, and improve service offerings across its operational states.
"Ankura Capital Advisors has been an exceptional advisor throughout this process and in selecting WhiteHawk as a new capital partner as we position C3 for its next stage of life," said Craig Tatum, CEO of C3 Rentals. "We are looking forward to our partnership with WhiteHawk and all the resources they bring to the table as we build a more sustainable business going forward."
The funding arrangement by Ankura Capital Advisors underscores confidence in C3's business model and its potential to scale operations effectively. "C3 has demonstrated a robust business model with a strong emphasis on community service and innovative financial solutions. It was a pleasure to work with them and WhiteHawk to fuel their growth ambitions even in this challenging lending environment," commented Kathleen Lauster, Senior Managing Director at Ankura Capital Advisors.
About C3 Rentals LLC:
C3 Rentals LLC is a specialty finance company that provides a pathway to trailer ownership for customers in underserved markets through its innovative rent-to-own contracts. With operations across 47 states and partnerships with over 300 dealerships, C3 continues to expand its market presence and strengthen its customer base. For more information, visit www.c3rentals.com.
About Ankura Capital Advisors:
Ankura Capital Advisors, Member FINRA/SIPC, is a premier financial advisory firm that specializes in providing tailored financing solutions to businesses across various sectors. Known for its strategic insights and industry expertise, Ankura Capital Advisors is committed to helping companies achieve their financial and operational goals. For more information, visit www.ankuracapitaladvisors.com.
About WhiteHawk Capital:
WhiteHawk Capital Partners, LP is a private credit investment manager focused on asset-based financing solutions primarily to middle market private and public companies across a variety of industries. WhiteHawk provides senior secured financings under a variety of structures for purposes of refinancing, recapitalization, growth, acquisition, restructuring, bridge, and DIP/emergence. For more information, visit www.whitehawkcapital.com.
For Ankura Capital Advisors:
- Kathleen Lauster, klauster@ankuracapitaladvisors.com
- Matthew Lapish, mlapish@ankuracapitaladvisors.com
For C3 Rentals: ctatum@c3vllc.com
For WhiteHawk: info@whitehawkcapital.com
