- Brown Plus Acquires Ross Buehler Falk & Company, LLP, Effective January 1, 2026
- Aspen Aerogels Announces Amendment to MidCap Credit Facility
- Gordon Brothers Invests in Rachel Zoe
- PNC Receives Regulatory Approvals for Acquisition of FirstBank
- Gridiron Announces Investment Professional Steve Lamb as Managing Director
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Signature Bank Launches New National Business Line With Appointment of Healthcare Banking and Finance Team
Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today the launch of a new business line with the appointment of a nine-person Healthcare Banking and Finance (HBF) team. The new private client banking team will provide lending services while garnering deposits to clients within the healthcare arena.
Leading the new business and HBF team is Matthew T. Huber, recently named Senior Vice President and Managing Group Director. In this capacity, Huber will oversee all aspects of the HBF team, including managing the team’s pipeline and banking activities and building a healthcare-related portfolio spanning both lending and deposit clients.
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Gail K. Bernstein was executive vice president, national investment manager for PNC Business Credit, located in Los Angeles, CA. Prior to September 2013, she was the marketing manager of PNC Business Credit-Western Region, a de novo office that she opened in 1998. Besides her extensive experience in ABL, her career encompasses a specialization in international lending and investment management. She has traveled extensively in Latin America and is bilingual in English and Spanish.
After 20 years with PNC, Bernstein retired on August 30, 2019.
TSL Express Daily Headlines & News
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MidCap Financial Closes $30mm Senior Secured Credit Facility to H-D Advanced Manufacturing Company
June 14, 2022MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $30mm senior secured credit facility, comprising an asset-based revolving line of credit to H-D Advanced Manufacturing Company (“H-DAM” or “Company”).
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Miami-based Canned Seafood Company Receives $2.5 Million in Funding from Tradewind Finance
June 14, 2022A canned seafood company based in Miami has received $2.5 million in funding from Tradewind Finance. This working capital will be used to expand business in the United States, where the company sells packaged tuna and sardines. As the canned seafood brand had a surge of orders within the US, it sought financing from Tradewind. In order to keep up with demand stateside, the Miami subsidiary needed faster cash flow from a parent company based in Ecuador.
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FocalPoint Wins M&A Advisor Turnaround Award
June 14, 2022The M&A Advisor has announced the winners of the 16th Annual Turnaround Awards. FocalPoint Partners was named a winner in the Consumer Discretionary Deal of the Year ($10MM-$100MM) category for the sale of Hatteras Cabo Yachts to the White River Marine Group, a Bass Pro Shops affiliate. The awards will be presented at a Black-Tie Gala on Wednesday, September 21, 2022 in New York City.
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SLR Healthcare ABL Provides Financing to a Skilled Nursing Operator
June 14, 2022SLR Healthcare ABL is pleased to announce it has provided a $3.5 million asset-based revolving line of credit to a skilled nursing operator in April 2022.
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Fifth Third Business Capital Provides $19.5 Million Senior Credit Facility to Metaltec Steel Abrasive Company to Support Buyout
June 14, 2022Founded in 1981, Metaltec Steel Abrasive ('Metaltec') is a top-three manufacturer of mission-critical, consumable metal abrasive materials in North America. Metaltec is the only company in North America with the capability of manufacturing both high and low-carbon steel abrasive products, providing a differentiated market position.
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Fat Tuesday Announces Refinancing and Closing of New Senior Secured Credit Facility to Accelerate Growth
June 14, 2022Fat Tuesday (the “Company”), the largest and fastest growing off-premise alcohol business in the US, announced that it has closed on a New Senior Secured Credit Facility provided by Comvest Credit Partners. The proceeds provide substantial capital to accelerate growth. Garnett Station Partners, a New York based principal investment firm, acquired Fat Tuesday in April 2021.
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VersaBank To Acquire Occ-Chartered National Us Bank, Providing Platform For Growth In The United States
June 14, 2022VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that, through its wholly owned U.S. subsidiary, VersaHoldings US Corp., it has signed a definitive agreement to acquire Minnesota-based Stearns Bank Holdingford, N.A. ("SBH"), a privately held, wholly owned subsidiary of Stearns Financial Services Inc. ("SFSI") based in St. Cloud, Minnesota.
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DHI Group, Inc. Enters Into New Upsized Credit Facility
June 14, 2022JPMorgan Chase Bank, N.A. is acting as administrative agent. Bank of America, N.A. and BMO Harris Bank N.A. are acting as co-syndication agents. TD Bank, N.A., and Citizens Bank, N.A. are acting as co-documentation agents, with JPMorgan Chase Bank, N.A.; BofA Securities, Inc.; and BMO Harris Bank N.A. as joint bookrunners and joint lead arrangers.
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eCapital Provides Multi-Currency Working Capital Line of Credit for U.K.-based Manpower Solution Specialist
June 14, 2022eCapital Corp. (“eCapital”), a leading tech-enabled finance provider, today announced the recent closure of a £3million sterling U.K. and $1.5 million U.S. trans-Atlantic working capital line of credit to a prominent international provider of manpower solutions within the renewable energy and sustainable transportation industries.
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Paul W. Taylor Named President of PacWest Bancorp and Pacific Western Bank
June 14, 2022PacWest Bancorp (Nasdaq: PACW) (the “Company”) and Pacific Western Bank (the “Bank”) announced today the appointment of Paul W. Taylor as President of both the Company and the Bank effective July 1, 2022. Mr. Taylor currently serves as a Director of the Company and the Bank and is a member of each of their respective Asset/Liability Management and Risk Committees.
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Apollo Funds to Acquire Cardenas Markets, One of the Largest Hispanic Grocery Chains in the U.S. from KKR
June 14, 2022Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to the Apollo Funds. Solomon Partners acted as lead financial advisor to Cardenas Markets and KKR. BMO Capital Markets also advised, and Kirkland & Ellis LLP served as legal advisor to Cardenas Markets and KKR. Credit Suisse, Wells Fargo and Rabobank have provided committed debt financing for the transaction.
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EQ Riskfactor and Solifi Announce New Strategic Partnership
June 14, 2022EQ Riskfactor, the leading global provider of risk management software for the commercial finance market (part of Equiniti Group), is delighted to unveil its new partnership with Solifi. A global fintech software partner, Solifi provides market-leading, mission-critical software-as-a-service (SaaS) solutions built on an open finance platform for the secured finance industry, and is the most widely used and trusted asset-based lending (ABL) and factoring software in the U.S. commercial finance industry.
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Victory Park Capital Closing on $2.4 Billion for Asset Backed Opportunistic Credit Strategy
June 13, 2022Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, announced today the final close of its latest fundraise for its Asset Backed Opportunistic Credit strategy (the “Fund”). The Fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the Fund.
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Sixteen Troutman Pepper Practices Earn National Recognition in 2022 Legal 500 US Rankings
June 13, 2022Troutman Pepper earned 16 nationwide practice rankings in The Legal 500 United States 2022, an independent ranking authority of law firms around the world. The U.S. edition also recognized 51 Troutman Pepper attorneys in its editorial commentary for their standout practice contributions. View all firm rankings.
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Castleton Commodities International LLC Closes on $2.2 Billion Credit Facility
June 13, 2022Castleton Commodities International LLC (CCI) announced today it has closed a $2.2 billion borrowing base facility consisting of a $1 billion 1.5-year tranche and a $1.2 billion 2-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth. A diverse group of 17 banks from eight countries participated in the facility.
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Webster Appoints Vikram Nafde to Executive Vice President, Chief Information Officer
June 13, 2022Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Vikram Nafde has been appointed to Executive Vice President, Chief Information Officer in charge of Information Technology. As a member of Webster Bank's Executive Management Committee (EMC), Vikram is responsible for the strategy and execution of all Webster technology, including cybersecurity, data strategy and tech innovation.
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H.I.G. Bayside Capital Promotes Mathilde Malezieux to Managing Director
June 13, 2022H.I.G. Bayside Capital (“Bayside”), the special situations and distressed debt affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, is pleased to announce the promotion of Mathilde Malezieux to Managing Director.
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Texas-based American Bank to Acquire TexStar National Bank
June 13, 2022The transaction has been unanimously approved by the boards of TexStar National Bank and American Bank, as well as the bank holding companies of each. It is subject to customary closing conditions, including regulatory approvals. TexStar National Bank, a subsidiary of TexStar Bancshares Inc., had total assets of $458 million as of March 31 and has six locations in the San Antonio area. Following the completion of the deal, TexStar National Bank will merge with and into American Bank.
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Cornerstone Business Credit Announces the Initial Funding of a Specialty Medical Data Management Company
June 13, 2022Cornerstone quickly approved and funded an expandable line of credit with no long-term commitments and with no minimums.
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Viva Capital Funding Completes $18.5 Million Investment Grade Notes Offering
June 13, 2022Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, announced today the closing of $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. Proceeds will be used by the Company to restructure existing debt and support additional growth of the business.
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