- News Detail
- LSQ Creates $20MM Invoice Finance Facility for Ohio-based Aerospace Tooling Manufacturer
- BHI Appoints Nisan Blum as Chief Risk and Compliance Officer
- Scotiabank Appoints Travis Machen to Lead Global Banking and Markets Business
- SLR Credit Solutions Agents Senior Credit Facility for Fluent, Inc.
TSL Express Daily Articles & News
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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.
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Navigating the Roadblocks: Challenges and Progress in the U.S. Electric Vehicle Revolution
As the automotive industry moves toward electrification, lenders face an uncertain path forward. The successful transition to EVs will require substantial investment at all levels, from charging technology and coverage to dealership infrastructure. As the effect on total cost of ownership unfolds, the residual value models that underpin the entire industry will need to be redefined, impacting financing and leasing. Lenders to the mobility sector should be prepared for further disruption which will provide either opportunities or create credit challenges as companies navigate this dynamic landscape.
TSL Express Daily Headlines & News
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OneEthos Technology Supports $100 Million in Solar Loan Originations for Climate First Bank
May 2, 2024OneEthos, the only mission-driven, B Corp, Federal Reserve Bank-regulated fintech in the US specializing in climate finance today announces that its sustainable finance platform has produced $100 million in consumer solar loan originations for the Climate First Bank.
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Davis Polk Welcomes Leading Finance Partner Luke McDougall in London
May 2, 2024Davis Polk today announced that prominent leveraged finance practitioner Luke McDougall will join the firm as a partner in the Finance practice based in London.
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eCapital Injects $5MM Funding Boost, Paving the Way for Medical Supplier's US Debut
May 2, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, is pleased to announce the closing of a $5 million non-notification ledger line factoring facility for a private equity-backed medical supply company.
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Gridiron Capital Promotes Hank Barrett to Vice President
May 2, 2024Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Hank Barrett has been promoted to Vice President.
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Monroe Capital Supports Valudor Products, LLC’s Acquisition of LidoChem, Inc.
May 2, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of LidoChem, Inc. (“LidoChem”) by Valudor Products, LLC (“Valudor Products”).
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Getzler Henrich Names Ann Huynh Managing Director and Co-Head of Houston Office
May 2, 2024Ann Huynh has joined Getzler Henrich & Associates LLC, (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director and Co-Head of the firm’s Houston office.
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Alleon Healthcare Capital Provides a $1,000,000 Accounts Receivable Factoring Facility to a NY based Home Infusion Nursing Company
May 2, 2024Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $1,000,000 accounts receivable factoring facility with a home infusion nursing company in New York (“Company”).
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Ares Management Corporation Reports First Quarter 2024 Results
May 2, 2024Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2024. GAAP net income attributable to Ares Management Corporation was $73.0 million for the quarter ended March 31, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.33 for the quarter ended March 31, 2024.
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Houlihan Lokey Healthcare Group Adds Experienced Hire
May 2, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Erik Kistler has joined the firm’s Healthcare Group as a Managing Director. Based in New York, Mr. Kistler will cover selected areas within healthcare retail multi-site, physician practices, and pharma services.
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Clifford Chance Further Strengthens US M&A Practice With Partner Chang-Do Gong in New York
May 2, 2024Global law firm Clifford Chance has hired Chang-Do Gong to join its US Mergers and Acquisitions practice. Gong brings 25 years of public and private M&A experience across a wide spectrum of industries including energy and infrastructure, healthcare and life sciences, media and technology.
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Cedar Fair Announces Successful Closing of $1.0 Billion Term Loan B and $300 Million Revolving Credit Facility
May 2, 2024Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.
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SLR Credit Solutions Agents Senior Credit Facility for Fluent, Inc.
May 2, 2024SLR Credit Solutions (“SLR CS”) announced the closing of a $50 million senior credit facility comprised of a revolver and term loan for Fluent, Inc. (“Fluent” or the “Company”), a leader in performance marketing, delivering customer acquisition and partner monetization solutions through its digital media portfolio, global commerce partnerships, and proprietary data and tech.
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Doman Building Materials Group Renews and Extends Senior Revolving Banking Facility
May 1, 2024Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) is pleased to announce the early renewal of its senior revolving credit facility with its lender and agent, Wells Fargo Capital Finance Corporation (Canada) and CIBC, RBC and TD as syndicate lenders. Doman has renewed its senior revolving banking facility of $500 million.
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LSQ Creates $3.5MM Invoice Finance Facility for Hospitality/IT Staffing Firm
May 1, 2024LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million account receivable credit facility for a staffing firm serving the hospitality and IT industries.
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King Trade Capital Announces a $4.5MM Client Purchase Order Line Increase
May 1, 2024The aircraft parts company initially received a PO finance solution from King Trade Capital to help execute upon the purchase and refurbishment of parts to fulfill $18 Million of purchase orders from major US airline and the US government.
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CapitalPlus Provides $250,000 Spot Factoring Facility to Arizona-Based Concrete Subcontractor
May 1, 2024CapitalPlus Financial Services, a leader in construction-specific factoring, announced today that it has extended a $250,000 spot factoring working capital facility to a rapidly growing concrete subcontractor based in Arizona. The newly established subcontractor, unable to secure traditional financing, turned to CapitalPlus to support their burgeoning business needs.
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SLR Digital Finance Provides a $4 Million Line of Credit to a 2023 Inc. 5000 B2B Digital Marketing Company
May 1, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $4,000,000 credit facility for a New York based lead generation and digital marketing specialist, recognized as one of the fastest-growing private companies in America.
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Blank Rome Launches in Boston with Prominent 25-Attorney Corporate and Finance Team
May 1, 2024Blank Rome is pleased to announce that the firm has expanded its national platform with the opening of a new office in Boston, anchored by 13 partners with leading corporate, finance, mergers and acquisitions (“M&A”), tax, litigation, and cannabis practices. Joining the partners are 12 associates and several business professionals. The premier team of nationally recognized attorneys, led by partners Frank A. Segall and Josef B. Volman.
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CohnReznick and Prevedere Forge Strategic Alliance
May 1, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, and Prevedere, a provider of external planning analytics software, today announced a strategic alliance designed to help organizations drive growth through comparative analytic insights and guidance.
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Aequum Capital Provides $8.5MM Refinance and Acquisition Growth Facilities for BrightWorks IT, a Sponsored Platform Managed Services Provider (MSP)
May 1, 2024Aequum Capital recently completed a two-stage senior Term Loan facility to refinance venture debt of $6MM including exit fees plus additional debt capital for acquisitions of up to $2.5MM for BrightWorks IT, a portfolio company of Cloud Equity Group.
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