- Christopher “Chris” Babcock, Former ~25 Year Director from BNY Mellon Asset Management, Joins Star Mountain Capital as Managing Director
- TSL Feature Articles
- Western Alliance Bank Launches Healthcare Industry Specialization, Led by Industry Veteran Jennifer Hwang
- Treville Capital Group Upsizes Credit Facility to Nitra to $95 Million; Encina Lender Finance Joins as Co-Lender
- Baker Garrington and Liquid Capital Announce Recent Financings
TSL Express Daily Articles & News
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Fashion Powerhouse Jessica Simpson Partners with Schottenstein Backed Second Avenue Capital Partners
Second Avenue Capital Partners (SACP), the lending arm of SB360 Capital Partners (SB360), announced the closing of a $67.5 million term loan for The Jessica Simpson Collection, the $1 BILLION fashion empire and signature lifestyle brand inspired by and designed in collaboration with Jessica Simpson. The new financing will be used to retire an existing credit facility and provide additional liquidity to fund new growth and a rapidly expanding portfolio.
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Methods for Winning the Candidate on the First Interview
We tend to believe that most people who go to an interview will automatically take the job if it is offered, but many times that is not the case. It is important to remember that while you are interviewing the candidate, the candidate is also interviewing both you and the company. Just as the company has a checklist of what it is looking for, so does the candidate. Here is a guide to some of the most tried and true ways for an interviewer to ensure a ‘Yes!’ from a candidate after only one interview.
TSL Express Daily Headlines & News
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Leading Restructuring Partner Steve Hessler Joins Sidley as Global Practice Leader
July 7, 2022idley Austin LLP is pleased to welcome Stephen E. Hessler as the global practice leader of the Restructuring group. He will be based in the New York office and joins after almost two decades at Kirkland & Ellis LLP, where he led some of the most significant chapter 11 cases in history — including, most recently, Frontier Communications and Windstream Holdings.
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FTI Consulting Strengthens Corporate Finance & Restructuring Segment with Appointment of Senior Managing Director Martin Wong
July 7, 2022FTI Consulting, Inc. (NYSE: FCN) today announced its continued investment in its Corporate Finance & Restructuring segment in Asia with the appointment of Martin Wong as a Senior Managing Director. Based in Singapore, Mr. Wong brings over 24 years of experience in rehabilitative corporate restructuring and insolvency administration involving judicial management appointments, schemes of arrangement, receiverships, and voluntary and court liquidation.
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Pivotal Capital Secures $55 Million in Funding Facilities
July 7, 2022Axis Auto Finance Inc. (“Axis” or the “Company”) (TSX: AXIS), a fintech lender servicing the alternative auto finance market, announced today that its wholly owned subsidiary, Pivotal Capital Corp. (“Pivotal”) has secured an additional Funding Facility (the “Facility”) with Mitsubishi HC Capital Canada, Inc. (“MHCCA”).
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Wells Fargo Names Otis Rolley as Head of Social Impact
July 7, 2022Wells Fargo & Company (NYSE: WFC) announced today that Otis Rolley is joining the company as head of Social Impact, leading community engagement and enterprise philanthropy, including the Wells Fargo Foundation. Rolley will report to Bill Daley, vice chairman of Public Affairs, effective August 1.
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Commercial Chapter 11 Filings Increase 29 Percent in June from Last Year, Total Filings Decrease Slightly
July 7, 2022The 447 commercial chapter 11 filings in June represented a 29 percent increase from the 347 filings in June 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings decreased 7 percent in June 2022, as the 1,864 filings were down from the 1,999 commercial filings registered in June 2021.
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RefleXion Announces Closing of $125M Debt Facility for Expanding Cancer Treatment
July 7, 2022RefleXion Medical, a therapeutic oncology company pioneering the use of biology-guided radiotherapy (BgRT)* for all stages of cancer, today announced the closing of a $125M debt facility, of which $55M is available immediately to repay the company’s existing $50M of debt.
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Bank of America Names Brian King President of Maine
July 7, 2022Bank of America has named Brian King president of Bank of America Maine. King succeeds Bill Williamson, who held the position for 10 years and has announced his decision to retire next year after more than 40 years with the company. As president, King will be responsible for connecting the banking and investment resources offered through the bank’s eight lines of business to people and companies across Maine.
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Customized Business Support: Regions Bank Announces Commercial Corporate Finance Team
July 7, 2022Regions Bank on Wednesday formally announced the establishment and continued business growth of a Commercial Corporate Finance (CCF) team that is connecting business leaders with specialized resources, insights, and guidance on opportunities including ownership transitions, financing alternatives, and risk management. The team is led by Coulter Warlick, who joined Regions in 2021 to develop and launch this team.
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Gordon Brothers Acquires Unused Accommodation Barge Robyn S from Vanguard Shipping Limited for Immediate Sale
July 7, 2022Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the Robyn S accommodation barge from Vanguard Shipping Limited. The firm is managing the disposition of Robyn S, which is available for immediate sale to the international marine, shipping and offshore markets.
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Wintrust Receivables Finance Announces the closing of a new $4,500,000 Line of Credit for a Fast-growing Managed Transportation Company
July 7, 2022Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,500,000 account receivable line of credit for a fast growing Managed Transportation Company. The east coast based firm specializes in managing the in-bound and out-bound freight for a number of middle market manufactures, and distributers around the country.
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NFI Provides Update on its Credit Facilities Amendment Discussions and Timing
July 6, 2022(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on discussions with its banking partners regarding amendments to the Company’s credit facilities.
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Columbia Bank Expands Business Lending Division Into Utah With Key Leadership Hires
July 6, 2022Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) ("Columbia"), today announced the expansion of its Business Lending Division into Utah with the hires of veteran Salt Lake City-area bankers Jeffrey Thomas and James Divver.
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Swift Lending Expands With A $30mm Senior Credit Facility Provided By Encina Lender Finance
July 6, 2022Swift Lending (“Swift”), a national private commercial real estate lender,today announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance. Swift provides bridge loans to qualified real estate investors active in the residential real estate marketplace.
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Cambridge Savings Bank Supports the Construction of Lovell Arena with $20 Million Participation Loan
July 6, 2022Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Corporate Banking team led the financing for the ground-up construction of Lovell Arena with a $20 million participation loan as part of the $30 million project.
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NAC Closes $7.88 Million USDA Business & Industry Loan to RCA Trade Center in Oahu, Hawaii
July 6, 2022On the north shore of Oahu, Hawaii, RCA Trade Center provides essential infrastructure to agricultural players in Hawaii. Its industrial storage and warehouse buildings give growers and distributors of local and imported goods the space they need to feed the residents and tourists on the island of Oahu.
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Huntington Business Credit Closes $63,200,000 in New Credit Facilities with Ardisam, Inc.
July 5, 2022Huntington Business Credit announced it closed $63,200,000 in new credit facilities with Ardisam, Inc. on June 22, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.
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Archaea Announces Completion of Amendment and Upsize of Term Loan and Revolving Credit Facility
July 5, 2022Archaea Energy Inc. (“Archaea,” “the Company,” or “we”) (NYSE: LFG), an industry-leading renewable natural gas (“RNG”) company, today announced that it1 has successfully closed the previously announced amendment to its Revolving Credit and Term Loan Agreement. Aggregate commitments now total $1.1 billion, an increase of approximately $630 million from the original facilities, including a $400 million senior secured term loan credit facility and a $700 million senior secured revolving credit facility (together, the “Amended Facilities”).
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Ferroglobe Announces Closing of $100 million Asset-Based Revolving Credit Facility
July 5, 2022Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”) announces the closing of a new, five-year $100 million North American asset-based revolving credit facility (the “ABL Revolver”), involving Ferroglobe’s subsidiary, Globe Specialty Metals, Inc. (“Globe”), and its wholly owned North American subsidiaries, as borrowers, and Bank of Montreal (“BMO”), as lender and agent, on June 30, 2022.
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Via Renewables, Inc. Announces New $195 Million Credit Facility
July 5, 2022Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA, VIASP), an independent retail energy services company, announced today the closing of a new three-year $195.0 million senior secured borrowing base credit facility (the "Senior Credit Facility") to replace its existing senior secured credit facility.
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Blank Rome Welcomes Commercial Litigation Partner in Houston
July 5, 2022Blank Rome LLP is pleased to announce that Gregory J. Moore has joined the firm’s Commercial Litigation practice group as a partner in the Houston office. A well-known trial lawyer with a diversified practice, Greg handles commercial litigation matters that include class actions, breach of contract claims, and disputes related to economic damage, personal injury, and professional services. Prior to joining Blank Rome, Greg was a partner at Norton Rose Fulbright LLP.
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