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Oliver Chapman (pictured), CEO of supply chain specialists OCI, the UK’s fastest growing company in 2022, comments on the US Federal Reserve (Fed) decision to keep interest rates on hold.
15/06/2023
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Time Finance is announcing it has supported leading connectivity and business managed services partner, Connectus Business Solutions
15/06/2023
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White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”) announced they have provided a US$67m ABL credit facility to a leading manufacturer of healthcare and food safety products.
14/06/2023
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Corcentric, a leading global provider of procurement and finance solutions, has announced it secured a new US$315m senior credit facility. The capital raise consists of a US$250m senior secured asset-based loan (ABL) revolver from Bank of America and JPMorgan Chase & Co. and a US$65m term loan from TCW Private Credit Group.
14/06/2023
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Andrew Peller Limited, a Canadian wine producer, has entered into a US$275m asset backed lending (ABL) facility. The ABL facility, efective June 13, 2023, will fund the company working capital needs, acquisitions and other general corporate purposes. The new facility replaces the existing credit facility and has a tenor of five years.Bank of Montreal is the administrative agent and co-lead arranger and Royal Bank of Canada, the co-lead arranger.
14/06/2023
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Umpqua Bank has just announced the rollout of Integrated Receivables, a powerful cloud-based platform for business customers, that will help accounting departments streamline the processing of high volumes of invoiced payments each month, strengthening companies’ cashflow management and overall efficiency.
14/06/2023
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The UK’s largest independent invoice financier, Bibby Financial Services (BFS) has appointed Colin Johnson as Corporate Manager – Corporate North as it continues to grow its support for SMEs and their advisors across the North of England and Scotland.
13/06/2023
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The National Council of Industry, Maquiladora, Export Manufacturer (Index) and Equity Link have formalised a strategic alliance with the objective of boosting liquidity and strengthening the supply chain in the manufacturing industry in Mexico. This alliance seeks to provide financial support to Tier 1, Tier 2 and Tier 3 manufacturing supplier companies, in sectors such as aerospace, automotive, electronics and medical.
13/06/2023
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Mrs. Kanayo Awani, Managing Director, Afreximbank intra-African commercial initiative and the Managing Director of BNDE Abdoulaye NIANE signed Wednesday, June 7, 2023, in Dakar an agreement for an amount of €20m or FCFA13.119bn.
13/06/2023
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A Wirral-based specialist manufacturer of boats serving search and rescue, defence and security sectors has won major international contracts after receiving £5 million in support through UK Export Finance (UKEF).
13/06/2023
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Bristol-based invoice finance provider Optimum Finance has appointed a new senior team member.
13/06/2023
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Peridot Global Holding Limited (Peridot Group) a leading provider of working capital financing solutions with over $68bn in volumes across 75 countries and 26 currencies, is pleased to announce the appointment of Jonny Singleton as Chief Commercial Officer.
13/06/2023
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Dancerace has expanded its UK team with the appointment of Jon Watts as Head of Product.
12/06/2023
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Atradius Collections has acquired Pro Kolekt group and expanded its presence to 40 countries in line with their mission to support their customers growth, wherever they trade in the world, by delivering local expertise in receivables management.
12/06/2023
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European blockchain startup Defactor Labs tokenized $100 million worth of Alpha Bonds based on the ERC-3643 token standard, it said last week. Small- to medium-sized businesses are set to benefit, as these tokenized bonds will be loaned using real-world assets, including receivables, as collateral.
12/06/2023
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