TSL Express Daily Articles & News

Today's Top Story

TSL Express Trending Story

TSL Express Daily Headlines & News

  • FocalPoint Advises Printed Circuits on its Sale to All Flex, a portfolio company of Granite Equity Partners
    November 16, 2020
    Printed Circuits, Inc. (“PCI” or the “Company”), a leading rigid-flex printed circuit board (“PCB”) manufacturer, has been acquired by All Flex Flexible Circuits, LLC (“All Flex”), a portfolio company of Granite Equity Partners (“Granite”). FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to PCI. Founded in 1977, PCI has over 40 years of experience developing high reliability rigid-flex printed circuit boards and other specialty electronics that enable and support mission critical technologies for OEM customers in aerospace, defense, medical device, and other specialty industrial markets.
  • Restructuring Professional Gennaday Spivak Joins Clear Thinking Group
    November 16, 2020
    Clear Thinking Group LLC announced today that Gennady Spivak has joined the firm as a Managing Director. Mr. Spivak is an accomplished professional with a proven record in bankruptcy and insolvency, financial analysis, forensic accounting, fraud investigation, litigation support and wind down management.
  • Solar Cell Manufacturing Equipment and Intellectual Property from Alta Devices Now Available for Bulk or Piecemeal Purchase
    November 16, 2020
    Liquidity Services, Tiger Group, Maynards Industries and GES Associates LLC today announced their appointment to jointly manage a bulk and piecemeal sale of the assets of Alta Devices due to a complete facility closure. Alta pioneered and manufactured extreme efficiency GaAs Flexible Thin Film Solar cells used in many applications, including satellites and vehicles.
  • Rosenthal Adds to Its Southeast Team
    November 16, 2020
    Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the appointment of Dan Rogers as Vice President, Senior Underwriter. Rogers will be based in the Atlanta office and his appointment is effective December 1. A veteran commercial lending professional with nearly 30 years of experience, Rogers joins Rosenthal’s growing team in the Southeast. He will be responsible for underwriting asset based lending and factoring deals for the firm.
  • CoreFund Capital, LLC Provides $25 Million Credit Facility for International Freight Forwarder
    November 16, 2020
    CoreFund Capital, LLC ("Core") has recently facilitated an increase to the credit facility for Innocap, Inc. (the "Company"), a global logistics and freight forwarding company. The credit facility was structured by CoreFund Capital with Innocap, Inc.'s wholly owned subsidiary, Unique Logistics International (NYC) LLC, through an amended Secured Accounts Receivable Facility.
  • Global Structured Finance Coronavirus Performance Report (Asset Performance Hinges on Response to Unwinding of Debt Relief Programs: 4Q20)
    November 16, 2020
    Forbearance and Arrears Key Metrics: The coronavirus pandemic has caused severe disruption across the global economy. Governments globally have enacted emergency financial support programs to mitigate hardship for consumers and businesses. Many lenders have offered debt relief measures to borrowers experiencing difficulties across a range of lending products, as well as other tactics, including restricting enforcement procedures. In this quarterly report, we examine the role of forbearance measures and arrears to assess the impact of the current health crisis.
  • CIBC Innovation Banking Provides Taplytics Inc. with Growth Capital Financing
    November 16, 2020
    CIBC Innovation Banking is pleased to announce growth capital financing for Toronto and Palo Alto-based Taplytics Inc. (“Taplytics”), a single platform for both enterprise marketers and engineers to optimize the entire digital customer experience. The additional capital will help accelerate Taplytics’ customer acquisition strategy and growth plans across North America and Europe.
  • Stein Mart Signs Stalking Horse Bid for Intellectual Property Assets
    November 16, 2020
    Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, announced the sale of the intellectual property assets of Stein Mart and the execution of a stalking horse bid for the assets. The assets available for sale include the Stein Mart® brand as well as its treasured private label brands, domain names, social media assets, and customer data.
  • MidCap Business Credit Completes $2.5 Million Asset-Based Credit Facility to UG Plast, Inc.
    November 16, 2020
    MidCap Business Credit announced today that it has completed a $2.5 million asset-based credit facility to UG Plast, Inc. Headquartered in York, PA , UG Plast , Inc. is a manufacturer of multi-wall polycarbonate, solid polycarbonate, and corrugated polypropylene sheets selling to distributors. These distributors serve construction, printing display, sign, medical, industrial packaging, and OEM markets.
  • CIT Northbridge Credit Serves as Sole Lead Arranger on Senior Secured Credit Facility for Arizona Nutritional Supplements
    November 16, 2020
    CIT Group Inc. (NYSE: CIT) that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility for Arizona Nutritional Supplements LLC, a portfolio company of Endeavour Capital. Arizona Nutritional Supplements, founded in 1996 and headquartered in Chandler, Arizona, is a leading contract and private label manufacturer of vitamins, minerals and supplements in a range of sizes and formats, including tablets, capsules, soft gels and powders.
  • Ares Commercial Finance has Provided a $100 Million Senior Secured Credit Facility to Pace Industries, LLC
    November 16, 2020
    Ares Commercial Finance announced that it has provided a $100 million senior secured credit facility to Pace Industries, LLC, an entity owned by funds and accounts managed by TCW Asset Management Company and by affiliated funds and accounts of Cerberus Capital Management, L.P. Headquartered in Fayetteville, Arkansas, Pace Industries is one of North America’s largest high-pressure aluminum, magnesium and zinc die casting companies serving over 400 OEMs/Tier 1 customers.
  • eCapital Corp. Provides $5 Million Factoring Facility to Beverage Importer and Distributor
    November 16, 2020
    eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced the company has provided a $5 million factoring facility to an importer and distributor of wine and spirits. The beverage company will use the factoring facility to support the company’s new imported product available for purchase from major retailers such as Costco, Total Wine & More, and BevMo!, among others in select states across the United States.
  • Phillips Pet Food & Supplies Announces New Capital Investment, Debt Reduction, Expanded Credit Facility
    November 16, 2020
    Phillips Pet Food & Supplies (“Phillips”), the national leader in pet food and supplies distribution, today announced it has completed a comprehensive refinancing, including more than $20 million of new investment capital from a group of existing investors. Phillips also established an expanded revolving credit facility led by Wells Fargo Bank, NA. This facility provides a significant liquidity increase from the Company’s previous revolving credit facility.
  • Gordon Brothers Sells Interest in Gordon Brothers Finance Company
    November 16, 2020
    Gordon Brothers, the global advisory, restructuring and investment firm, scales up its special situations lending and investment platform through the addition of half a dozen key industry veterans from leading lending institutions across the globe. In conjunction with the expanding team and enhanced platform, Gordon Brothers sold its minority interest in Gordon Brothers Finance Company (“GBFC”), a private commercial finance company on November 3.
  • Justice Commences Total Inventory Blowout Sales in 85 Locations and Online
    November 16, 2020
    SB360 Capital Partners, one of the country’s leading asset disposition specialists, announced the start of “Total Inventory Blowout” sales in 85 Justice stores as well as the e-commerce site at www.shopjustice.com. SB360 will be the exclusive consultant to assist Justice as they conduct these sales. Justice is a destination store for tween girls, offering a large selection of tween fashion merchandise and accessories at affordable prices.
  • J D Factors Announces Factoring Facilities
    November 16, 2020
    J D Factors announced it has provided the following factoring facilities: $75,000 to a transportation company in Quebec; $1,500,000 to a telecommunications company in Florida; $150,000 to a transportation company in Ontario; $200,000 to a transportation company in New Jersey and $350,000 to a transportation company in Illinois.
  • BancTrust & Co. Investment Bank Announces New Senior Capital Markets Hire to Reinforce London Team
    November 16, 2020
    BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets boutique investment bank, is pleased to announce a new senior hire to its Debt Capital Markets team.
  • King Trade Capital Provides a $4.5 million Supply Chain Finance Facility for NY Medical Gown Supplier
    November 16, 2020
    King Trade Capital is pleased to announce the completion of a $4.5 million purchase order-based supply chain finance facility for a New York based PPE distributor importing medical gowns to be delivered to the US Government. King Trade was contacted by a nationwide asset-based lender that was asked to help find a PO Finance partner to finance the gown company’s large contract awarded by the US Government. The government contract created a supply chain finance need to help the client pay for the production of gowns manufactured in China and ship them to the US.
  • Amerisource Closes $1,000,000 Credit Facility for Agricultural Processor
    November 16, 2020
    Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a Michigan based grower and processor. The proceeds are being used to fund the company’s growth and expand their facilities.
  • Audio Visual Industry Recovery Values Demonstrating Resilience During COVID-19 Crisis
    November 12, 2020
    Hilco Global has issued a midstream Q4 2020 report regarding the impact of the ongoing pandemic on the TV/Film/Broadcast and Concert/Theater/Tradeshow segments of the audio visual (AV) industry, and how the distinct challenges associated with each business model are impacting gear sales, asset values and a potential path to recovery.