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

  • EzFill Announces New Revolving Credit Facility
    December 20, 2021
    EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in on-demand mobile fueling, announced today that it has entered into a revolving credit line agreement with City National Bank of Florida (the “Bank”). Under the revolving credit facility, the Company may borrow up to approximately $16 million, a number that will vary over time. Funds can be used for general corporate purposes.
  • Interfor Expands and Extends Its Revolving Credit Facility
    December 20, 2021
    INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.
  • NOW Inc. Amends Senior Secured Revolving Credit Facility
    December 20, 2021
    NOW Inc. (NYSE:DNOW) announced today that it has entered into an amendment (the “First Amendment”) to the existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank, National Association serving as the administrative agent (as amended, the “Credit Agreement”).
  • Marathon Asset Management Closes $155 Million Credit Facility for Brown Jordan
    December 20, 2021
    Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S.
  • Russel Metals Extends its $450 Million Credit Facility
    December 20, 2021
    Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of banks led by RBC Capital Markets. The credit facility has been extended from September 21, 2023 to September 21, 2025. In addition to the extension, the amended credit agreement includes a more favourable interest rate grid.
  • Veeco Announces New $150 Million Senior Secured Credit Facility
    December 20, 2021
    HSBC Bank USA, N.A. is acting as administrative agent and collateral agent. HSBC Bank, N.A. along with, Barclays Bank PLC, Santander Bank, N.A., and Citibank, N.A. served as joint lead arranger and joint bookrunner on the Facility with Silicon Valley Bank as an additional lender. Morrison & Foerster LLP acted as counsel to Veeco.
  • Nordic Aviation Capital Reaches Restructuring Support Agreement with Majority of Lenders to Strengthen Capital Structure and Position the Company for Long-term Growth and Success
    December 20, 2021
    Restructuring will be implemented through a pre-arranged Chapter 11 process in U.S. Bankruptcy Court. Provides for the injection of $537 million of capital through a $337 million equity rights offering and a $200 million new revolving facility. Company has obtained an additional $170 million debtor in possession financing facility from existing creditors to help fund the Chapter 11 process.
  • JCPenney Announces Paydown of Take-Back Term Loan and Refinancing of ABL and FILO Facilities
    December 20, 2021
    JCPenney announced today that it paid off its $506 million take-back term loan on Dec. 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.
  • Bank of America Names Rita Sola Cook President of Chicago
    December 20, 2021
    Bank of America has named Rita Sola Cook as President of Bank of America Chicago. Cook succeeds Paul Lambert, who announced his retirement after 30 years with the company. As Chicago president, Cook will be responsible for connecting the banking and investment resources offered through the bank's eight lines of business to people and companies across Chicagoland.
  • Acreage Holdings Secures $150 Million Credit Facility to Accelerate Strategic Growth Initiatives
    December 16, 2021
    Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis ‎cultivation and retail facilities in the U.S., today announced it has secured a $150 million credit facility (the “Credit Facility”) with AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) and Viridescent Realty Trust, Inc. (“Viridescent”). Under the terms of the Credit Facility, $100 million is available for immediate use and a further $50 million is available in future periods under a committed accordion option once certain, predetermined milestones are achieved.
  • Winston & Strawn Represents Founder SPAC
    December 16, 2021
    Winston & Strawn is representing Founder SPAC (“Founder”) (Nasdaq: FOUN), a publicly-traded special purpose acquisition company, in connection with its merger with Rubicon Technologies, LLC (“Rubicon”), a certified B-Corporation and innovative software platform that provides smart waste and recycling solutions for businesses and governments worldwide.
  • SLR Healthcare ABL Announces Financing
    December 16, 2021
    SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to an integrated pain management provider in December 2021.
  • Boston Attorney Lewis J. Cohn of Cohn & Dussi Named to Boston Magazine’s First-Ever Top Lawyers List
    December 16, 2021
    Cohn & Dussi, a full-service law firm with its principal office in Boston, is pleased to announce that Managing Partner Lewis J. Cohn has been named a Top Lawyer by Boston magazine. Boston magazine’s inaugural Top Lawyers List recognizes lawyers throughout Greater Boston for excellence in the field as chosen by their peers. Cohn was chosen as a Top Lawyer in the field of bankruptcy law.
  • CIT Arranges $34 Million in Financing for Senior Housing Community in Arizona
    December 16, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona. The financing was provided to Spectrum Retirement Communities LLC, a leading developer, owner and operator of senior housing communities headquartered in Denver, Colorado.
  • BHI Appoints Brian Foley as First Vice President, Food & Beverage Group
    December 16, 2021
    BHI, a full-service commercial bank, announced that it has appointed Brian Foley as First Vice President in the bank’s Food & Beverage Group. Foley is a veteran banker with 20 years of commercial banking experience across diversified sectors.
  • Main Street Announces Follow-On Investment
    December 16, 2021
    Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the follow-on investment in Hawk Ridge Systems, LLC ("Hawk Ridge" or the "Company") to support the Company's acquisition of a complimentary leading value-added reseller of SolidWorks software solutions and Markforged 3D printing solutions in a new geographic area that is highly complementary to Hawk Ridge's existing geographies ("Acquired Company"), and to provide financing for the Company's continued internal growth initiatives.
  • Citizens Financial Group Expands M&A Advisory Team with DH Capital Acquisition
    December 16, 2021
    Citizens Financial Group, Inc. (NYSE: CFG) today announced a definitive agreement to purchase substantially all of the assets of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications sectors. This transaction, which follows several recent moves by Citizens to add key talent and solutions, further strengthens Citizens’ growing corporate advisory capabilities.
  • Ares Management Corporation Raises $2.2 Billion of Climate Infrastructure Capital
    December 16, 2021
    Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million in related transaction vehicles.
  • LiquidX Joins RiskStream Collaborative™ Blockchain Working Group to Streamline Surety Bonds Power of Attorney Verification
    December 16, 2021
    LiquidX, the global fintech solutions provider for working capital, trade finance, and trade credit insurance, has joined The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium, and will participate in a working group serving the surety industry. The aim of the working group is to streamline and digitize the power of attorney registration and verification process using blockchain technology.
  • RE Royalties Provides $3 Million Financing Facility to FuseForward for Smart Infrastructure Solutions
    December 15, 2021
    RE Royalties Ltd. (TSXV:RE) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, has entered into an agreement to provide financing to FuseForward Solutions Group Ltd. ("FuseForward"), a Vancouver based technology company that provides smart infrastructure and digital transformation solutions to utilities, real estate, health care and government industries.
#3 -_ 1 (1)