- TD Bank Streamlines Regional Structure to Accelerate Growth and Strengthen Market Alignment
- Gordon Brothers Invests in Rachel Zoe
- Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
- Transparency Analytics Completes Second Funding Round Led by Deciens Capital
- LA Times Studios Recognizes CohnReznick’s Rodriguez as Commercial Real Estate Visionary
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Stepan Company Executes $450 Million Credit Facility Agreement
Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks. JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers.
TSL Express Trending Story
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Putting Capital to Work - Far West Capital Customer: Drink Daily Greens
Meet an entrepreneur trying to make the world a “greener” place.
At 33 years old, Shauna was diagnosed with breast cancer - a head-spinning diagnosis for anyone, but especially a new mother at 33 who considered herself fairly healthy. Then came the draining, life-sapping chemo that would save her life, but leave her feeling weak and malnourished
TSL Express Daily Headlines & News
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Northern Trust Appoints Jose M. Perez Senior Lending Officer in South Florida Market
August 22, 2022Northern Trust Appoints Jose M. Perez Senior Lending Officer in South Florida Market MIAMI – Northern Trust has appointed Jose M. Perez Senior Lending Officer of the South Florida Market. He will be responsible for a significant diversified loan and deposit portfolio comprised of domestic and international clients, including affluent families and closely held companies.
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BlueTape Raises $55M to Transform Financing and Payments for SMBs in the Construction Industry
August 22, 2022BlueTape, a leading payments and financing provider for the construction industry, today announced the closing of a $50M debt funding led by Arcadia Funds and a $5M seed round led by Chicago Ventures. Other investors include construction industry executives, real estate developers, and Plug and Play Ventures.
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Hilco Corporate Finances Announces Addition of Teri Stratton as Senior Managing Director and National Practice Leader for Restructuring and Special Situations
August 22, 2022Ms. Stratton will serve as Senior Managing Director in Corporate Finance and the National Practice Leader of Special Situations. Ms. Stratton is a nationally prominent investment banker and restructuring advisor. She joins the Hilco Corporate Finance team to lead the growth of the special situations and restructuring practice. Ms. Stratton will be based in Los Angeles.
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SLR Healthcare ABL Provides Financing to a Freestanding ER Operator
August 22, 2022SLR Healthcare ABL is pleased to announce it has provided a $4 million asset-based revolving line of credit to a freestanding ER operator.
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Bridget Anderson Named Senior Vice President, Originations for Siena Lending Group
August 22, 2022Siena Lending Group LLC ("Siena") announces the appointment of Bridget Anderson as senior vice president of Originations, to further strengthen its originations efforts throughout the Midwest. Bridget joins Siena from PNC Business Credit where she held various roles in underwriting, portfolio, and business development.
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Commercial Finance Partners Announces Expansion of its Direct Funding Programs
August 22, 2022Commercial Finance Partners is pleased to announce the expansion of its direct funding programs. It is providing accounts receivable financing for small businesses seeking cash flow solutions, typically focusing on smaller businesses who sometimes get ignored by larger lenders. Commercial Finance Partners has relocated its operations internally to Boca Raton, Florida, and is pleased to announce a new hire, Laurie Henriquez, who will serve a senior account executive.
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Torex Gold Announces Increased and Extended Credit Facilities
August 22, 2022Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has finalized a credit agreement with a syndicate of Banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.
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Gran Tierra Energy Inc. Announces New Credit Facility
August 22, 2022ran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million.
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Kingswood Capital Management Acquires Support Services Group Inc., a Leading Global Provider of Outsourced Customer Experience Solutions
August 22, 2022Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Support Services Group, Inc. ("SSG" or "the Company"), an industry-leading provider of global omnichannel contact center solutions. SSG's founding ownership group will continue post-transaction as minority owners of the Company.
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J D Factors Announces Factoring Facilities
August 22, 2022J D Factors announces it has provided the following factoring facilities: $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Quebec; $350,000 to a transportation company in California; $300,000 to a transportation company in New Jersey.
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SLR Equipment Finance Expands its Legal Operations Capabilities and Announces that Christina Taylor has Joined the Company
August 22, 2022SLR Equipment Finance is pleased to announce Christina Taylor has joined our company as a legal operations manager. In her position, Christina will play a key role as we seek to improve efficiency and increase productivity with a keen focus on process, procedure and quality control with an eye to improving member and customer experience.
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Gladstone Commercial Amends, Extends and Upsizes Credit Facility
August 22, 2022On August 18, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) announced today that it amended, extended and upsized its syndicated revolving credit and term loan facility from $325 million to $480 million. The term loan component was upsized by $135 million, while the revolving credit facility was upsized by $20 million.
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XS Financial Closes $24 Million Credit Line With Needham Bank
August 22, 2022XS Financial Inc. ("XS Financial", "XSF" or the "Company") (CSE:XSF) (OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced today that it has entered into a new $24 million line of credit ("Credit Facility") with Needham Bank committing $20 million and acting as the administrative agent.
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Benefitfocus Announces Successful Completion of $140 Million New Senior Secured Credit Facility
August 22, 2022Benefitfocus Inc. (NASDAQ: BNFT) (“Benefitfocus” or the “Company”), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced that it has entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million (“Senior Secured Credit Facility”) to replace the Company’s existing revolving line of credit.
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Eisner Advisory Group Names 10 New Partners
August 22, 2022"These outstanding professionals possess a deep expertise, client-centric mindset and dedication to technology that is so critical for success in today's hyper-competitive marketplace," said Eisner Advisory Group CEO Charly Weinstein. "We look forward to these deserving new partners adding even more value for clients and are excited to have them as part of our team."
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Le Roy, Former Head of Thoma Bravo Credit who has Completed ~$5 Billion of Investments, Joins Star Mountain Capital as a Managing Director
August 22, 2022Star Mountain Capital, a rapidly growing, employee-owned specialized private investment firm with over $3 billion AUM announced that Jack Le Roy, former Founder and Head of $100+ billion private equity firm Thoma Bravo’s private credit investment business, has joined as a Managing Director.
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WellnessLiving Secures US$66 Million Investment from McCarthy Capital and CIBC Innovation Banking to Accelerate Growth
August 18, 2022WellnessLiving (the "Company"), which provides a cloud-based business management software and integrated payments platform for fitness and wellness operators, announced that the Company has partnered with McCarthy Capital to accelerate its growth. In addition to McCarthy Capital leading the $46 million minority investment, CIBC Innovation Banking has provided $20 million in growth financing, bringing the total raised this round to US$66 million.
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Endo Files For Chapter 11 Bankruptcy Protection
August 18, 2022Endo International plc (ENDP) said Tuesday that the company and certain of its subsidiaries initiated voluntary prearranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York. The company said that it has initiated the proceedings to facilitate sale process and provide an appropriate forum for bringing closure to opioid-related and other uncertainties without the need for continued costly, time-consuming litigation.
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New Stifel Survey Finds Inflation and Labor Shortages Pose Greatest Risk to Business
August 18, 2022A recently completed Stifel Financial Corp. (NYSE: SF) survey of corporate executives, business owners, and private equity investors finds inflation and the tight U.S. labor market represent the two biggest perceived threats to business today. In addition, nearly all respondents are bracing for an economic recession.
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Wabtec Announces Expanded Credit Facility
August 18, 2022PNC Bank, N.A. is acting as the administrative agent. Citi Bank N.A, HSBC, JPMorgan Chase Bank N.A., and TD Bank N.A. are acting as co-syndication agents. BNP Paribas, Credit Agricole CIB, First National Bank, MUFG LTD, and US Bank N.A. are acting as co-documentation agents.
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