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Ares Commercial Finance is announcing that Ian Maccubbin has joined its Business Development and Underwriting teams as a Principal. Mr. Maccubbin will be based in Boston and will assist in covering the Northeast market, where he will have cross-functional business development and underwriting responsibilities. In his new role, he will work to support the existing ABL platform as well as its ever-growing product suite including first lien, split lien, FILO, or second lien transactions.
09/01/2024
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Finanze Group has named Mark Cooper as new managing director of Finanze Business, a specialist lender offering business loans, invoice discounting, trade finance and asset finance.A visionary leader with a strong focus on operational excellence and strategic growth, Cooper brings a lot of experience in retail and entrepreneurship to the Finanze team.
09/01/2024
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Verona Pharma plc (Verona Pharma), a clinical-stage biopharmaceutical company, announces it and its wholly-owned subsidiary, Verona Pharma, Inc. (Company), have entered into a debt financing facility providing the Company with access to up to US$400m from funds managed by Oxford Finance LLC (Oxford) and Hercules Capital, Inc. (Hercules), both speciality finance firms in the US.
09/01/2024
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The International Factoring Association (IFA) has named David J. Jencks, Esq. of Jencks Law, P.C. as Co-General Counsel to the organisation. Mr. Jencks will join existing Co-General Counsel Steven Kurtz, Esq. partner of Levinson Arshonsky, Kurtz & Komsky, LLP, Michael Ullman, Esq. partner of Ullman & Ullman, P.A. and Robert Zadek, Esq. of counsel at Buchalter. IFA Co-General Counsel members play a crucial role in ensuring legal compliance, protecting the interests of the association and its members, and contributing to the overall success and sustainability of the organisation.
09/01/2024
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eCapital has signed a US$245m increase in the credit facility provided by syndicated banks to support the development of its asset-based lending activity and be able to enlarge its working capital offerings towards local SMEs. This increase brings the total amount of the facility to US$815m and the total bank exposure, by adding the other two syndicated loans, to more than US$1.6bn.
08/01/2024
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The lingerie retailer, Ann Summers, has secured an £8m asset-based lending (ABL) facility from Secure Trust Bank Commercial Finance to fund future growth.The firm will use the new funds for working capital and to develop its online retail offerings.
08/01/2024
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International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has announced the extension of its Murabaha Trade Finance Facility to US$45m for City Bank under a syndicated arrangement.
08/01/2024
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Unlike other African countries, Botswana has excellent political stability and a stable economy, with no foreign exchange controls on foreign currency trade and huge fiscal incentives. Factoring in Botswana is on the one hand challenging, and on the other offers incredible opportunities, according to William T Mu
05/01/2024
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New origination activity was muted, but portfolios showed no signs of major deterioration
05/01/2024
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Dun & Bradstreet (D&B), a leading global provider of business decisioning data and analytics, has announced the cooperation with Hong Kong Export Credit Insurance Corporation (HKECIC) to support Hong Kong exporters to access reliable and comprehensive data plus analysis provided by the two partners with the launch of "HKECIC - D&B Export Credit Risk Index".
04/01/2024
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Paragon Bank’s SME lending division has unveiled a new structure for its sales function, bolstering both the broker and vendor teams, while retaining a clear focus on its specialist markets. The function will consist of three distinct teams – broker, vendor and specialist lending.
04/01/2024
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Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Andrew Jackson to the role of Global Head of Business Development
04/01/2024
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The digital age has progressed in 2023 for the receivables finance, trade loans and trade finance industry, with many successes, said Robert Meters, trfnews Editorial Board Member and Director Global Business, SCHUMANN
04/01/2024
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Haversine Funding, a leader in the commercial lender finance sector, is proud to announce the appointment of Vince Mancuso as its new managing director. Vince brings over 25 years of rich experience in commercial finance, enhancing Haversine’s expertise and strategic capabilities.
04/01/2024
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Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$1.1bn to US$1.5bn of the commitment capacity, with an accordion feature of an additional US$1bn, for the accounts receivable (AR) securitisation programme (“Programme”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company. As part of the process, Finacity also supported the addition of 2 new seller countries, Mexico and Poland, and 7 new subsidiary company originators for Bunge in its Program.
03/01/2024
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