- PNC Bank Provides Financing to Aluminum Die Casting Producer
- Deutsche Bank Joins JPMorgan’s Blockchain-based Interbank Information Network
- Capital One Closes Senior Secured Credit Facility for Nova Medical Centers
- Laurentian Bank Financial Group Appoints a new Executive Vice President, Capital Markets
- CUMULUS MEDIA Makes $50 Million Voluntary Debt Prepayment
Middle market chief financial officers are facing widespread shifts—from trade wars to digital disruption—but they aren’t backing down from the challenge. According to BDO’s 2020 Middle Market CFO Outlook Survey, 56% of middle market CFOs expect a recession by 2021, but they are forecasting positive performance and forging ahead with growth plans.
TSL Express Trending Story
A Demica senior director explains how trade receivable securitization programs can be used as a valuable alternative to other funding solutions, especially in cross-border or challenging credit environments.
TSL Express Daily Headlines & News
CIT Leads Financing for Clearway Solar Energy Portfolio
January 21, 2020The financing was arranged on behalf of Clearway Energy Group, one of the largest developers and operators of clean energy generation facilities in the U.S. The portfolio consists of 76 megawatts of generation capacity across 21 projects located in Illinois, Massachusetts, Minnesota and New York State.
Bladex Leads Successful Syndication of a US$110 Million 7-Year Senior Secured Amortizing Term Loan for Favorita (Ecuador)
January 21, 2020Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank";NYSE: BLX) announced the closing of a US$110 million, seven year, syndicated loan in favor of Favorita Fruit Co. Ltd. ("Favorita"), a leading Ecuadorian agribusiness conglomerate with diversified business activities including bananas, dairy, and fertilizers. Bladex acted as Sole Lead Arranger and Bookrunner of the transaction and will be acting as the Administrative and Collateral Agent.
JPMorgan Targets Mid-size Companies in Japan Expansion
January 21, 2020The bank said it hired Shotaro Akita to lead the CCBSI group and also the commercial bank in Japan. Working with Akita are Toshiyuki Okuyama and Masato Sato, who will serve as senior bankers on the team, and Hideki Hiramatsu, who will handle treasury services. Hiramatsu joins JPMorgan from Standard Chartered Bank’s Tokyo Branch. Okuyama and Sato join the group from other positions within JPMorgan
Portage Point Continues to Expand Performance Improvement & Restructuring Practice
January 21, 2020Portage Point Partners, LLC ("Portage Point"), a business advisory and interim management firm that partners with companies and their stakeholders to navigate complexity, transition and underperformance, announced today that it has recently added Jeff Gasbarra and Alyssa Lozynski. These additions provide further depth to support Portage Point's growing client base and closely follow the hiring of Joseph Shannon and Charles Wiltgen.
LBC Small Cap Supports the Acquisition of TalentSmart, Inc.
January 21, 2020LBC Small Cap, an affiliate of LBC Credit Partners, provided senior secured credit facilities and an equity co-investment to support the acquisition of TalentSmart, Inc. by Seaside Equity Partners. LBC Small Cap served as Agent and Sole Lead Arranger for the senior secured credit facilities.
Abacus Finance Provides Senior Debt Financing to Support the Recapitalization of Custom Wheel House, LLC by Thompson Street Capital Partners
January 21, 2020Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced that it served as Administrative Agent and Sole Lender for senior secured credit facilities to support the recapitalization of Custom Wheel House, LLC (CWH) by Thompson Street Capital Partners. Abacus also made an equity co-investment in CWH.
BlackArch Partners Announces Promotion of P.J. Martin and Ches Riley to Managing Director
January 21, 2020BlackArch Partners, a leading middle-market investment bank, is pleased to announce that P.J. Martin and Ches Riley have been promoted to Managing Director. Mr. Martin joined BlackArch in 2014 and has over fourteen years of experience executing middle-market investment banking transactions, with a particular focus on the industrials sector.
MUFG Grows Leveraged Finance Business with Hire of Timothy Fischer as Head of U.S. Sales
January 21, 2020Based in New York, Mr. Fischer will begin on January 21 and report to John Karabelas, MUFG's Head of Institutional Investor Sales in the Americas. In this newly created role, Mr. Fischer will be responsible for leading distribution of leveraged loans and high-yield bonds in partnership with the bank's Capital Markets team.
Aramark Announces Refinancing of 2024 Debt Maturity
January 21, 2020Aramark (NYSE:ARMK), a $16 billion global leader in food, facilities management and uniforms, announced today the successful closing of a $900 million debt refinancing. As part of this transaction, Aramark raised secured term loans to redeem the Company’s 2024 Senior Notes.
What to Watch in U.S. Corporate Credit Markets This Week
January 20, 2020A torrent of new U.S. corporate bond offerings await investors this week and the door seems wide open for risky deals. In the U.S. corporate high-yield and leveraged loan markets, last week’s blowout debt sales for the buyout of Presidio Inc. could pave the way for more bonds and loans financing private equity deals.
BBVA USA Promotes Luis Ramirez to Corporate Banking Manager in the Denver Area
January 20, 2020- Ramirez: He is a veteran banker with 21 years of experience in commercial and corporate banking - Responsibilities: He will be tasked with helping area companies enhance operations through trusted advice and financial products - Promotion: Ramirez's hire is part of the bank's focus on growing its commercial team to continue to serve the bustling Colorado business landscape
Malvern Bank Announces Appointment of Melissa Quin as V.P., Private Client Regional Manager for Glen Mills/Concordville Office
January 20, 2020Malvern Bank, National Association (the “Bank” or “Malvern”), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), announced the appointment of Melissa Quin as Vice President, Private Client Regional Manager for the Bank’s Glen Mills/Concordville office. In this position, she will be responsible for the branch office’s overall operations.
Iron Horse Credit Provides a $12,000,000 Stand-Alone Inventory to a Plant Nursery and Distributor
January 20, 2020Iron Horse Credit (IHC) is proud to announce that it has completed a $12,000,000 stand-alone inventory facility to a plant nursery and distributor that primarily sells to home and hardware stores, big box retailers and grocery stores.
Winter Harbor Strengthens with Addition of Shawn Smith
January 20, 2020Winter Harbor, a restructuring and turnaround consulting firm, is pleased to announce the addition of Shawn Smith as a senior manager. He has extensive experience with a broad range of matters related to executive, financial, and operations management, and has partnered with clients of various sizes and industries to execute strategic turnaround, restructuring, and merger and acquisition transactions.
Rosenthal Provides $1.8 Million Inventory Production Finance Commitment for Outerwear Company
January 20, 2020Rosenthal & Rosenthal, Inc., today announced the completion of a recent $1.8 million purchase order finance commitment to support the production financing requirements of a family owned and operated outerwear company based in Massachusetts.
Bryn Mawr Trust Names Lindsay Saling Senior Vice President and Director of Retail Banking
January 20, 2020Lindsay Saling was named senior vice president and Director of Retail Banking. She focuses on the oversight of the institution’s retail delivery channels and servicing of all products and services offered to the customers banking through our retail locations throughout Pennsylvania, New Jersey, and Northern Delaware.
AvidXchange Raises $260 Million to Support Continued Growth
January 20, 2020AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced it has raised $260 million in equity capital as part of the company's latest financing round. With contributions from TPG Sixth Street Partners and other leading investors, this brings total funding to more than $800 million over the company's 20-year history.
Focus Management Group Welcomes Benjamin Wilson as Consultant
January 20, 2020Focus Management Group (FMG), a nationwide turnaround and restructuring firm, has boosted its team with the addition of Benjamin Wilson. Supporting the Pasadena office from his Arizona home office, Benjamin will serve as a Consultant to complement the firm’s growing demand for its turnaround management and corporate restructuring services.
Eastside Announces New $8 Million Inventory Credit Facility
January 20, 2020Eastside Distilling, Inc. (NASDAQ: EAST), today announced it has closed a new asset-based revolving credit facility of up to $8 million in available principal amount with Live Oak Bank backed by the Company's spirits inventory. The Company expects to use this new credit facility to pay off and replace the two existing inventory facilities of $5 million capacity with KFK and TQLA and to fund general working capital.
Oz K. Lindley Joins First Business Capital Corp.
January 16, 2020First Business Capital Corp., a division of First Business Financial Services, Inc. (Nasdaq: FBIZ) is pleased to announce that Oz K. Lindley was hired as Vice President – Business Development.
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