- Market Sizing & Impact Study
- J.S. Held Welcomes Asset-backed Securities Pioneer James H. Aronoff
- B. Riley Securities Strengthens Investment Banking Leadership with Senior Hire
- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
TSL Express Daily Articles & News
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Today's Top Story
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AlerisLife (Formerly Known as Five Star Senior Living) Closes $95 Million Term Loan
AlerisLife (Nasdaq: ALR), formerly known as Five Star Senior Living, today announced that it has closed a $95 million senior secured term loan with Midcap Funding VIII Trust (“MidCap”), as administrative agent and lender, of which $63 million is currently outstanding. The remaining loan proceeds are subject to a $12 million capital improvements holdback and $20 million becomes available upon achieving certain financial thresholds by mid-2023.
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TSL Express Daily Headlines & News
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BOK Financial Announces Changes Within Credit, Regional Banking leadership
November 29, 2021Marc Maun has been named Regional Banking executive for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will have responsibilities for Treasury Management as well. Norm Bagwell will continue to serve as chairman and chief executive officer for Bank of Texas, leading Commercial Banking across the footprint as well as the company’s growth efforts in Texas and Arkansas. Jim Dietz will replace Maun as the company’s chief credit officer.
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Hedaya Capital is Pleased to Announce a Factoring Facility for a Canadian Oil and Gas Pipeline Services Company Projecting CAD $20,000,000 in Revenue for 2022
November 29, 2021Hedaya Capital is pleased to announce a factoring facility for a Canadian oil and gas pipeline services company projecting CAD $20,000,000 in revenue for 2022. The $2,000,000 facility allows for advances of up to 80% against accounts receivable.
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Tradecycle Capital Expands Into the Southeast Region of the US
November 29, 2021Based in Atlanta, Dennis will be expanding Tradecycle’s relationships with senior lenders and private equity sponsors to deliver Tradecycle’s unique trade payables financing program to operating companies throughout the region.
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Samuel Announces Closing of its Sustainability-Linked Revolving Credit Facility
November 23, 2021Samuel, Son & Co., Limited, a leading metals distributor and industrial products manufacturer, announced today that it has entered into its first sustainability-linked revolving credit facility agreement. This amendment to the company's bank credit facility underlines the confidence its lending partners share in Samuel's financial and sustainable performance.
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Blackhawk Growth Enters into Credit Facility for up to $10 Million
November 23, 2021The loan facility was arranged by RiverFort Global Capital Ltd. (a United Kingdom London-based firm regulated by the Financial Conduct Authority) (“RiverFort”) and funded by a regulated institutional investor (the “Investor”). The Corporation intends to utilize the proceeds from the Credit Facility to support the Corporation’s research undertaken in Trip Pharma as well as for operational and working capital purposes of Blackhawk.
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Dudick Joins Provident Bank As VP, Relationship Manager
November 23, 2021Provident Bank, a leading New Jersey-based financial institution has announced that Jessica Dudick has joined the Bank as Vice President, Relationship Manager with the Central New Jersey Commercial Lending Team.
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Brevet Capital Names Brian Chase As Chief Operating Officer
November 23, 2021Brevet Capital ("Brevet"), a leading credit investment and specialty finance firm with a dedicated focus on the government sector, today announced Brian Chase, former Founding Partner, Chief Operating Officer and Chief Financial Officer of Garrison Investment Group, has joined the firm as Chief Operating Officer. I
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Ares Management Leads $400 Million Credit Facility to CrossCountry Mortgage
November 23, 2021Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds managed by its Alternative Credit and U.S. Direct Lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage, LLC (the “Company”). Caisse de dépôt et placement du Québec (“CDPQ”), a global investment group, also participated in the financing through a wholly owned subsidiary as part of its Capital Solutions investment strategy.
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Mike Riley and Dan Thomas Named Co-Heads of Markets at Wells Fargo & Company
November 23, 2021Wells Fargo & Company (NYSE: WFC) today announced that Mike Riley and Dan Thomas have been named co-heads of the Markets division of the Corporate & Investment Bank (CIB). Riley and Thomas will lead all of CIB’s markets-driven activities, including: Asset-Backed Finance, Equities (including Equity Research and Strategy), Macro and Spread.
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Castlelake Expands Lending Team
November 23, 2021Castlelake, L.P. announced that it has expanded its Lending team with a number of experienced professionals, including Wilhelm Steinmark, European Head of Aviation Lending, Direct Structured Credit & Capital Markets; Fouad Onbargi, Managing Director, Direct Structured Credit; Chris Turner, Director, Direct Structured Credit & Capital Markets; Brian Banschick, Director, Direct Structured Credit and Ricardo De Armas, Director, Direct Structured Credit. The team is led by Armin Rothauser, Head of Lending, who joined Castlelake in 2020.
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CIBC Innovation Banking Expands New York Office with Strategic New Hires and Promotions
November 23, 2021CIBC Innovation Banking is pleased to announce the expansion of its New York City office with a series of new hires and promotions, as the group continues its strategic growth in key technology, life science, and clean tech markets in North America and the UK.
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Cambridge Savings Bank Provides GWA Auto Parts with $4M Credit Facility to Solve Inventory and Distribution Challenges
November 23, 2021Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Asset-Based Lending team provided a $4M credit facility to GWA Auto Parts (GWA), an importer, distributor and online retailer of automotive aftermarket parts, to support working capital investments as the company pursues strategic growth through catalog expansion and M&A efforts.
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Redline Communications Inc. Announces New CDN$7,000,000 Credit Facility
November 22, 2021Redline Communications Group Inc. ("Redline Communications" or the "Company") (TSX: RDL), a leading provider of mission-critical data infrastructure for remote and harsh environments, announces today it has entered into a new credit agreement (the "Credit Agreement") with Edgepoint Wealth Management ("Edgepoint") and two existing investors.
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Gage Growth Corp. Announces US$55 Million Senior Secured Debt Financing
November 22, 2021Gage Growth Corp., a leading high-quality premium cannabis brand and operator in Michigan, today announced it has closed on a senior secured term loan (for aggregate gross proceeds of US$55 million. The placement was arranged by Canaccord Genuity Corp. and Chicago Atlantic as lead lender and administrative agent.
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White Oak Commercial Finance Delivers $3 Million Non-Recourse Factoring Facility to Women’s Apparel Manufacturer
November 22, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $3 million non-recourse advance factoring facility to a family-owned apparel manufacturer focused on delivering high quality and affordable clothing for women.
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FocalPoint New York Relocates to Accommodate Growth
November 22, 2021FocalPoint Partners, a fast-growing, Los Angeles-based, middle market investment bank, has relocated its New York office to 550 Fifth Avenue in Midtown Manhattan to accommodate accelerated growth.
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Bitcoin Miner GRIID Secures $525M Credit Facility from Blockchain.com
November 22, 2021GRIID Infrastructure, a vertically-integrated bitcoin self-miner, today announced it has secured a $525 million credit facility from Blockchain.com, one of the world's oldest and most trusted cryptocurrency platforms with over $5 billion in loan originations. GRIID specializes in procuring low-cost, carbon-free energy to build, manage, and operate a growing portfolio of U.S. based bitcoin mining facilities.
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Simmons First National Corporation and Spirit of Texas Bancshares, Inc. Announce Intent to Merge
November 22, 2021Transaction will significantly enhance Simmons’ scale in the Lone Star State; complement existing footprint while expanding into high-growth metro markets - Austin, Houston, San Antonio, Corpus Christi and Bryan-College Station
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Wolters Kluwer Names Winners of Its 2021 Community Impact Award
November 22, 2021Wolters Kluwer Compliance Solutions has named Illinois-based Wintrust Financial Corporation (Wintrust) (Nasdaq: WTFC) and Armed Forces Bank (AFB), headquartered in Leavenworth, Kansas, as winners of its 2021 Community Impact Award. The announcement was made at the company’s 25th annual CRA & Fair Lending Colloquium held Nov. 16-17. The award honors financial institutions for the breadth and innovative application of community development programs to benefit low- and moderate-income communities in which they do business.
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Digital Realty Completes Refinancing with New Sustainability-Linked Global Revolving Credit Facilities
November 22, 2021Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has amended, extended, and upsized its existing global revolving credit facility from $2.35 billion to $3.0 billion.
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