- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
- Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
- Justin Rutledge Joins First Horizon Bank as Charlotte Market President
- Polestar Secures New Term Loan Facility of Up To USD 600 Million
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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CIT Provides $22 Million to Refinance Chandler Medical Plaza
CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lender on a $22 million loan to AZ Banner Investments LLC, which is managed by Webb Management & Investments, LLC. The loan was used to refinance the Chandler Medical Plaza, a three-story medical office building in Chandler, Arizona.
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Interview with Geopolitical Expert Peter Zeihan
Geopolitical Strategist Peter Zeihan is a global energy, demographic and security expert. Zeihan’s worldview marries the realities of geography and populations to a deep understanding of how global politics impact markets and economic trends, helping industry leaders navigate today’s complex mix of geopolitical risks and opportunities. Zeihan will be the keynote speaker at SFNet’s Annual Convention in New York City, November 13-15.
TSL Express Daily Headlines & News
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First Guaranty Mortgage Corp. Files for Chapter 11 Bankruptcy Protection
July 5, 2022First Guaranty Mortgage Corp. ("FGMC" or "the Company") today announced that the Company and affiliate Maverick II Holdings, LLC filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available restructuring options. The Company has begun notifying its regulators and other pertinent parties.
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Fulton Financial Corporation Completes Acquisition of Prudential Bancorp, Inc.
July 5, 2022Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the successful completion of its acquisition of Prudential Bancorp, Inc. (formerly NASDAQ: PBIP) (“Prudential Bancorp”) headquartered in Philadelphia, Pennsylvania, in a transaction in which Prudential Bancorp was merged into Fulton (the “Merger”).
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Biolase Enters Into Favorable Credit Agreement Amendment
July 5, 2022BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, announced that, on June 30, 2022, it entered into an amendment to its senior secured term loan with SWK Funding LLC. The amendment extends the interest-only period of the loan by two quarters to November 2023 and reduces the minimum Consolidated Unencumbered Liquid Assets from $7,500,000 to $5,500,00.
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Gerresheimer Signs new Credit Facility in the Amount of 150 Million Euro
July 5, 2022Gerresheimer has reached another milestone in the realization of its financing strategy by signing a revolving credit facility in the amount of EUR 150m. This refinancing is part of Gerresheimer's financial program to support the successful transformation of the company into a solution provider and system integrator with profitable, sustainable growth.
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TCM Bank Announces New Board Appointments
July 5, 2022TCM Bank, N.A., a subsidiary of ICBA Bancard, today announced that Jack Hartings, chairman of the Peoples Bank Co. in Coldwater, Ohio, and Kathy Underwood, president and CEO of Ledyard National Bank, in Hanover, N.H., were elected to the TCM Bank board of directors.
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Chemed Corporation Announces a Five-Year $550 Million Amended and Restated Senior Secured Credit Facility
July 5, 2022Chemed Corporation ("Chemed") (NYSE:CHE) announced that it has entered into $550 million of amended and restated senior secured credit facilities (“Credit Facilities”). JPMorgan Chase Bank, N.A. acted as the Administrative Agent, and Lead-left Bookrunner and Joint Lead Arranger. Bank of America, N.A. acted as Co-Syndication Agent and Joint Bookrunner/Lead Arranger. PNC Bank National Association was the Documentation Agent.
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Ryerson Announces Increase in Revolving Credit Facility Aggregate Commitments and Extension
July 5, 2022Ryerson Holding Corporation (NYSE: RYI) (the "Company" or "Ryerson") announced today that it has amended its existing asset-based revolving credit facility (as amended, the "Amended Credit Facility") to, among other things, increase the aggregate commitments to $1.3 billion from $1.0 billion and extend the maturity from November 2025 to June 2027. Bank of America, N.A. is the Administrative Agent and Collateral Agent and BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Joint Lead Arrangers and Joint Bookrunners.
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OppZo Raises $260M in Funding to Drive Capital to Distressed Communities
July 5, 2022OppZo, Inc. a mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses, announces over $260M in debt and equity funding. The equity portion of the funding, worth $5M, was led by Arcadia Funds, LLC. The debt portion of the funding, worth $255M, was led by Arcadia Funds.
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Acutus Medical Completes First Closing of Transaction with Medtronic and Debt Refinancing to Fund Strategic Growth Priorities
July 5, 2022Acutus Medical, Inc. (“Acutus” or the “Company”) (Nasdaq: AFIB), an arrhythmia management company focused on improving the way cardiac arrhythmias are diagnosed and treated, today announced the completion of the first of two closings for its previously disclosed sale of the Company’s left-heart access portfolio to Medtronic, Inc. (“Medtronic”) and entry into a new longer-term credit facility with Deerfield Management Company (“Deerfield”) to refinance its existing debt.
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Recognized Credit Expert Kevin Prykull Joins The Alta Group
July 5, 2022The Alta Group announced today that Kevin P. Prykull, a recognized industry expert in credit risk management, has joined the global advisory firm and will be helping clients develop credit risk management strategies including appropriate risk profiles, best practices and managing the impact of rising inflation.
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SC&H Capital Advises Braeburn Alloy Steel on its Sale to G.O. Carlson
July 5, 2022SC&H Capital, a leading investment bank specializing in sell-side M&A advisory, is pleased to announce it acted as the exclusive investment banker to CCX, Inc., dba Braeburn Alloy Steel (“Braeburn”), in the sale of substantially all of its assets to a G.O. Carlson subsidiary (“Carlson”) in the United States Bankruptcy Court for the District of Delaware.
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Varagon Capital Partners Forms New Partnership with Goldman Sachs Asset Management
July 1, 2022Varagon Capital Partners, L.P. (“Varagon” or the “Firm”), a leading middle market lender specializing in directly-originated senior loans to private equity-backed, U.S. middle market companies, announced that funds managed by Goldman Sachs Asset Management have made a strategic preferred equity investment in an affiliate of the Firm.
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Marco Provides A $2,000,000 Factoring Facility for Midwest-Based Frozen Food Business
June 30, 2022Next In Natural, a Brooklyn, NY-based boutique strategic business development & marketing organization specializing in natural and organic consumer packaged foods, has completed a $2,000,000 factoring facility with Marco. The funding will be for its sister company, a Midwest-based consumer products company established in producing, distributing, and marketing frozen meal-kits
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Celtic Capital Corporation Provides $1 Million AR Line of Credit to a NC-based Furniture and Fixture Distributor
June 30, 2022Celtic Capital Corporation announced its most recent new client relationship – a North Carolina-based distributor of furniture and fixtures for the commercial building space. This business, which has seen considerable growth over the past year and a half, was seeking growth capital.
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LSQ Creates $1MM Credit Facility, AR Management Program for International Toiletry Products Manufacturer/Distributor
June 30, 2022LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1 million credit facility and accounts receivable management program for an international manufacturer and distributor of private label bath, body and home fragrance products.
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B. Riley Enhances Retail Solutions Leadership with Addition of Timothy J. Shilling
June 30, 2022B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.
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Summit Bank Announces Matt Dynice Promoted to Senior Vice President, Credit Administrator
June 30, 2022Craig Wanichek, CEO & President, announced today the promotion of Matt Dynice to Senior Vice President, Credit Administrator at Summit Bank. He has over 20 years of commercial banking experience. He is highly skilled in Commercial and Industrial banking.
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Gordon Brothers and Ciminelli Real Estate Corporation Joint Venture Acquires Greater Boston Research & Development Building for $19.8M
June 30, 2022Gordon Brothers, the global advisory, restructuring and investment firm, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million.
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Riveron Acquires Clermont Partners, Significantly Expanding its ESG and Investor Relations Capabilities
June 30, 2022Riveron, a national business advisory firm, announced today its acquisition of Clermont Partners (Clermont), a women-owned consultancy specializing in environmental, social, and governance (ESG) communications and strategy, investor relations, and transaction communications.
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Winston & Strawn’s Expanding Miami Office Adds Two Partners: A Leading Corporate / Financial Services Lawyer and an Experienced Litigator
June 30, 2022Winston & Strawn LLP announced the addition of two partners to the firm’s rapidly growing Miami office: Carl A. Fornaris, who joins the Transactions Department, and Jared R. Kessler, who joins the firm’s Litigation Department. Carl comes from the Miami office of Greenberg Traurig, LLP, where he was co-chair of both the Financial Regulatory and Compliance Practice and the Blockchain and Digital Assets Group. Jared also comes from Greenberg’s Miami office.
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SFNet's The 81st Annual Convention Issue
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