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

  • Catalina Consuegra Joins Greystone as Vice President, DEI
    May 2, 2022
    Greystone, a leading national commercial real estate finance company, announced that Catalina Consuegra has joined the firm as a Vice President of Diversity, Equity & Inclusion, reporting to Pranika Sinha, Managing Director and head of the firm’s DEI strategy and efforts.
  • New Leadership Team Joins WEX to Lead Capital Solutions Business
    May 2, 2022
    WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announces the launch of WEX Capital.
  • BHI appoints David Jeddah, VP, Relationship Manager and Benjamin Azizi, VP, Relationship Manager
    May 2, 2022
    BHI, a full-service commercial bank, announced that its Commercial Real Estate Group is continuing to expand its team and breadth of products.
  • Huntington Business Credit Deal Announcement with Designer Brands Inc.
    May 2, 2022
    Huntington Business Credit acting as Administrative Agent, Joint Bookrunner and Joint Lead Arranger announced it closed a new $550,000,000 credit facility with Designer Brands Inc. on March 30, 2022.
  • Treace Secures Up to $150 Million in Debt Financing
    May 2, 2022
    Treace Medical Concepts, Inc., a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has entered into a new five-year $150 million loan arrangement with MidCap Financial, comprising up to $120 million in term loans and a $30 million revolving credit facility.
  • Armstrong Flooring Stock Tumbles as Warns Bankruptcy Likely
    May 2, 2022
    Armstrong Flooring Inc. stock tumbled more than 50% in premarket trading Monday after the company warned it has yet to reach a deal to sell itself and the company will likely seek bankruptcy protection.
  • Goldman Sachs recently offered its first Bitcoin (BTC)-backed loan
    May 2, 2022
    The large investment bank announced the opening of its first-ever loan facility backed by Bitcoin. This comes a few months after their $100k price forecast for the popular cryptocurrency.
  • AFC Gamma Secures $60 Million Senior Revolving Credit Facility with Commitments from Two FDIC-Insured Banks
    May 2, 2022
    AFC Gamma, Inc. today announced that it has entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.
  • National Citizens Business Conditions Index™ Soars to Record High Even as Economic Uncertainty Grows
    May 2, 2022
    Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) reached 59.5 for the first quarter of 2022, up markedly from 54.4 at the end of 2021 and reaching its highest level since Citizens began tracking the data in 2014, suggesting that lessons learned by businesses during the pandemic coupled with strong consumer demand were a potent combination.
  • Global M&A Activity Dropped in Q1 2022 Following Staggering Growth in 2021, says GlobalData
    May 2, 2022
    Global merger and acquisition (M&A) activity has clearly weakened in the first quarter of 2022, according to GlobalData, with total transaction value dropping to $725 billion—almost 23% lower than Q4 2021. The leading data and analytics company notes that this is a sign that activity is going back to ‘normal’, after the staggering growth seen in 2021.
  • SmileDirectClub Completes New $255 Million Secured Debt Facility
    May 2, 2022
    SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced that SDC U.S. SmilePay SPV (“SPV”), a wholly-owned special purpose subsidiary of the Company, completed a new $255 million secured debt facility, strengthening the Company’s liquidity and providing greater flexibility to fuel its continued operations and future growth plans.
  • Celtic Capital Corporation Provides Accounts Receivable Line of Credit to two Washington-based Affiliated Companies
    May 2, 2022
    Celtic Capital Corporation today announced its most recent new client relationship – two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. These Companies were referred to Celtic Capital by their Chairman who knew of Celtic Capital from a former position he held with a turnaround and restructuring firm.
  • Cushman & Wakefield Announces an Amendment and Extension of Credit Facility
    May 2, 2022
    Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced that the firm has amended its current Credit Agreement to increase the revolving commitments from $1.0 billion to $1.1 billion and has also extended the maturity date for the revolving credit facility from August 21, 2023 to April 28, 2027. All other terms are substantially similar to the existing credit facility.
  • Pluribus Technologies Corp. Announces New Three-Year, $42 Million Credit Facility
    April 28, 2022
    Pluribus Technologies Corp. (TSXV: PLRB) (the "Company") today announced that it has entered into an agreement for a new three-year, $42.0 million credit facility (the "New Facility") with National Bank of Canada. The New Facility replaces Pluribus' existing facilities that were set to mature at various intervals between 2022 to 2024.
  • GAN Provides Strategic Update and Announces Successful Completion of $30 Million Term Loan
    April 28, 2022
    GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today provided an update on several strategic initiatives.
  • SouthState Adds Commercial, Business, Private Banking Expertise in Florida, Alabama, Georgia and South Carolina
    April 28, 2022
    SouthState Bank has hired nine bankers to continue to expand its Commercial, Business and Private Banking teams across Florida, Alabama, Georgia and South Carolina.
  • StoneX Group Inc. Announces New Three-Year Credit Facility
    April 28, 2022
    StoneX Group Inc. (Nasdaq:SNEX) today announced that it has agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving credit facility and a $165 million Term Loan A facility, is being amended to a $475 million revolving credit facility.
  • Michael Kee Rejoins Vida Capital as Managing Director, Analytics
    April 28, 2022
    Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that Michael Kee has rejoined Vida as Managing Director, Analytics. Mr. Kee will be based in Austin and report to Will Ketterer, Senior Managing Director, Portfolio Management and CIO. In his new role, Mr. Kee will focus on portfolio analytics and reporting, leverage analysis and fund modeling across Vida’s investment strategies.
  • Comvest Credit Partners Leads Dividend Recapitalization of Saatva
    April 28, 2022
    Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility (the “Financing”) to Saatva (or the “Company”), a leading direct-to-consumer (DTC) online retailer of luxury mattresses and sleep products. The Financing was used to support a dividend recapitalization of the Company by Saatva management and TZP Group, a private equity firm.
  • TradeCap Partners Provides $800,000 Production Finance Facility for Inegrated Security Solutions Company
    April 28, 2022
    TradeCap worked quickly to assess credit limits with each supplier, open AP obligations and needs to support the various projects. A facility was structured around supplier terms and cash flow needed to maintain terms with suppliers and complete installation for the multiple projects. The 15+ suppliers in the supply chain had various lead times, some up to 8 weeks, and either required prepayment with placement of the order or payment on terms.
EmergingAd