- Asset-Based Lending & Factoring Surveys
- Scout Clean Energy Closes $100 Million Equipment Supply Loan
- Doman Building Materials Group Renews and Extends Senior Revolving Banking Facility
- Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
- LSQ Creates $2MM in Invoice Finance Facilities for New York-based Software Companies
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Gordon Brothers Welcomes Mark Bohntinsky as Global Head of Credit
As Gordon Brothers, the global asset experts, continues to expand its lending business, the firm has welcomed Mark Bohntinsky as Global Head of Credit.
Bohntinsky oversees Gordon Brothers’ credit quality, setting portfolio strategy and partnering with key lending stakeholders globally, including Kyle Shonak, Head of North America Lending, to expand the firm’s capital base and pursue a wider array of lending opportunities. Additionally, he is a member of the investment committee.
TSL Express Trending Story
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SFNet's International Lending Conference Returns to London
SFNet's International Lending Conference, now in its 18th year, will be held May 13-15, 2024, and will offer thought-provoking discussions led by experts who will explore the nuances of international transactions, and gain strategic intelligence on global economic trends. Issues surrounding private equity, private debt, syndications, restructurings, and technology in ABL will also be addressed.
TSL Express Daily Headlines & News
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Genesis Energy, L.P. Announces Public Offering of Senior Notes
May 6, 2024Genesis Energy, L.P. (NYSE: GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $500,000,000 in aggregate principal amount of senior unsecured notes due 2032 (the “notes”).
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Uniti Group Inc. Announces Private Offering of Senior Secured Notes
May 6, 2024Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “issuers”), announced today the planned offering, subject to market and other conditions, of $300 million aggregate principal amount of 10.50% Senior Secured Notes due 2028 (the “notes”).
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Scout Clean Energy Closes $100 Million Equipment Supply Loan
May 6, 2024Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, is pleased to announce the closing of a $100 million equipment supply loan (ESL) with Rabobank.
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FGI T.R.U.S.T.™ and Validis to Partner
May 6, 2024FGI Worldwide LLC (“FGI”), a global leader in commercial finance, and Validis, the open accounting API, have partnered to integrate their respective credit management and data extraction platforms.
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BizCap® Fuels Quady Winery's Growth with $17MM Financing Package
May 6, 2024BizCap®, a commercial finance firm established in 2002, is proud to announce its successful collaboration with Quady Winery, a family-owned operation in Central Valley, CA, renowned for affordable Muscat grape-based fortified and sweet wines that are sold throughout the U.S. Among
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Maxim Commercial Capital Promotes Fernando Rodriguez to Director - Vendor Sales
May 6, 2024Maxim Commercial Capital (“Maxim”) announced Fernando Rodriguez has been promoted to Director – Vendor Sales. In this role, Rodriguez manages vendor relationships, business origination, and sales for Maxim’s Truck and Equipment Financing divisions.
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Kathleen O. Currey Elected as a Fellow to the American College of Commercial Finance Lawyers
May 6, 2024Commercial Finance Partner Kathleen O. Currey has been inducted into the American College of Commercial Finance Lawyers (“ACCFL”) at their annual meeting on April 5, 2024. ACCFL Fellows are lawyers who have achieved preeminence in the field of commercial finance law and those who have made substantial and sustained contributions to the promotion of learning and scholarship in commercial finance law, among other attributes.
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Grant Thornton Announces new Leader for its Chicago Headquarters
May 6, 2024She also served as the Audit practice leader for the Chicago office, and most recently, she was the firm’s Midwest Geography leader, overseeing audit work for all clients served by the firm’s teams in Chicago, Minneapolis and Wisconsin. In this role, she helped the firm attain multiple years of record revenues while helping clients successfully navigate the challenges posed by the COVID-19 pandemic and the supply chain crisis.
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BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year
May 6, 2024A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute.
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Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer
May 6, 2024Comerica Incorporated (NYSE: CMA) announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer.
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Altriarch Empowers Dozens of Businesses Through Innovative Finance Strategies for Factors
May 6, 2024
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Ambri Agrees to Terms of Proposed Sale with Lender Consortium
May 6, 2024-Ambri, the provider of long-duration Liquid Metal™ battery storage systems, today announced that it has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium would acquire substantially all of the assets of the Company, subject to higher and better bids from other parties during an expedited sale process.
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Peoples Group Appoints John Landry as President and Chief Executive Officer
May 6, 2024Peoples Group takes great pleasure in announcing today the appointment of John Landry as President and Chief Executive Officer.
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EyeCare Partners Announces Refinancing Transaction Completion
May 6, 2024EyeCare Partners LLC ("EyeCare Partners", or the "Company"), the nation’s leading provider of clinically integrated eye care, announced today it has closed a follow-on debt exchange with holders of its existing term loans following an initial debt exchange closed in April.
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KKR to Acquire Healthium from Apax Funds
May 6, 2024KKR, a leading global investment firm, today announced the signing of definitive agreements under which funds managed by KKR will acquire Healthium Medtech Ltd. (“Healthium”), a leading Indian medical devices company, from an affiliate of Funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm.
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Latham Advises JOANN in Successful Emergence From Financial Restructuring Process
May 6, 2024JOANN, the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has announced it has successfully emerged from its court-supervised financial restructuring process, and has substantially reduced its funded debt by half while further enhancing its liquidity through a US$153 million exit financing facility that replaces the previously announced debtor-in-possession financing.
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Apparel Retailer rue21 Files for Third Bankruptcy, Will Close all Stores
May 6, 2024Teen apparel retailer rue21 (RUET.UL) filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property.
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LSQ Creates $2MM in Invoice Finance Facilities for New York-based Software Companies
May 6, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated twin $1 million accounts receivable finance facilities ($2 million total) for sister software firms offering access management SAAS solutions for numerous industry verticals.
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