TSL Express Daily Articles & News

To submit company news and press releases to
TSL Express, email tslexpress@sfnet.com.

Today's Top Story



TSL Express Trending Story



TSL Express Daily Headlines & News

  • J D Factors Announces Factoring Facilities
    August 22, 2022
    J 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.
  • SLR Equipment Finance Expands its Legal Operations Capabilities and Announces that Christina Taylor has Joined the Company
    August 22, 2022
    SLR 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.
  • Gladstone Commercial Amends, Extends and Upsizes Credit Facility
    August 22, 2022
    On 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.
  • XS Financial Closes $24 Million Credit Line With Needham Bank
    August 22, 2022
    XS 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.
  • Benefitfocus Announces Successful Completion of $140 Million New Senior Secured Credit Facility
    August 22, 2022
    Benefitfocus 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.
  • 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."
  • 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, 2022
    Star 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.
  • WellnessLiving Secures US$66 Million Investment from McCarthy Capital and CIBC Innovation Banking to Accelerate Growth
    August 18, 2022
    WellnessLiving (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.
  • Endo Files For Chapter 11 Bankruptcy Protection
    August 18, 2022
    Endo 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.
  • Wabtec Announces Expanded Credit Facility
    August 18, 2022
    PNC 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.
  • FTI Consulting Expands Financial Services Practice in North America with Two Senior Hires
    August 18, 2022
    FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in its Financial Services practice within the Forensic and Litigation Consulting segment with the appointment of Sepideh Rowland as a Senior Managing Director and Gabriel Hidalgo as a Managing Director.
  • Standard Chartered Bolsters Leveraged and Acquisition Finance Platform With Hiring of Roy Kuruvilla
    August 18, 2022
    Standard Chartered Bank (the "Bank") today announced the hiring of Roy Kuruvilla as a managing director for its leveraged and acquisition finance platform in the Americas. In his role, Roy is responsible for developing the Bank’s leveraged and acquisition finance business strategy for the region and ensuring the consistency and effectiveness of offering relevant credit market solutions and products to clients.
  • BDO Consulting Group, LLC Promotes Nick Welch to Managing Director in its Business Restructuring and Turnaround Services Practice
    August 18, 2022
    BDO Consulting Group, LLC has promoted Nick Welch to managing director in the firm’s Business Restructuring and Turnaround Services practice. Nick is based in Miami, Florida and covers the Southeast regional market. A seasoned financial advisor, Nick has more than 20 years of experience in professional services and has spent the last decade advising private equity groups, lenders, and management teams on debt and operational restructuring strategies as well as interim management and transaction services.
  • Mark Wade Named Bank of Texas CEO
    August 18, 2022
    Mark Wade has been named CEO for Bank of Texas as of Jan. 1, 2023. Wade will assume the role as long-time CEO Norm Bagwell transitions into a new part-time role after leading the Texas bank for more than 15 years.
  • Saks Upsizes Existing Financing to Support Continued Growth
    August 18, 2022
    Saks.com LLC (“Saks”), the premier luxury ecommerce platform, announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.
  • InterNex Capital Provides $2.5 Million Line of Credit to Digital Advertising Company
    August 18, 2022
    InterNex Capital provided a $2.5 million revolving line of credit to a 15-year-old digital production and advertising sales company based in New York, specializing in full-service studio production and content creation.
  • TradeCap Partners Supports Food Ingredient Supply Company with $2MM Domestic and Export PO Finance Facility
    August 17, 2022
    TradeCap Partners recently closed a $2MM purchase order finance facility for a food ingredient supply company in the Western US. The facility will be used to support distribution of bulk and specialty products domestically and internationally.
  • GTCR Forms Portfolio Resources Group to Support Portfolio Company Growth
    August 17, 2022
    GTCR, a leading private equity firm, announced today the formation of its Portfolio Resources Group (PRG). PRG will be comprised of experienced functional leaders who can bring expertise, intellectual capital, vendor relationships and best practices in defined areas to support GTCR's investment teams and portfolio company leadership. The members of GTCR's Portfolio Resources Group are expected to bring enhanced capabilities and resources to aid in management's value creation plans.
  • Koalafi Closes Multi-Million Dollar Warehouse Facility with Forbright Bank
    August 17, 2022
    Koalafi, a fast-growing consumer financing provider committed to providing innovative pay-over-time options to customers from all credit backgrounds, announced today the signing of a multi-million secured debt facility from Forbright Bank. This facility helps Koalafi rapidly scale and expand loan originations to a broader range of consumers through its first-in-kind, single financing solution, which launched nationwide last year.
  • Caltius Structured Capital Provides Debt Financing to Virginia Tile Company
    August 17, 2022
    Caltius Structured Capital is pleased to announce the closing of a subordinated term loan with Michigan-based Virginia Tile Company, LLC, which is majority owned by Harren Equity Partners, a middle market private equity fund based in Charlottesville, VA. The financing will be used to support the continued growth and expansion of the Company.