TSL Express Daily Articles & News

Today's Top Story



TSL Express Trending Story



TSL Express Daily Headlines & News

  • AeroCentury Corp. Announces Update Regarding Revolving Credit Facility
    November 4, 2019
    AeroCentury Corp. (NYSE American: ACY) (the “Company”), an independent aircraft leasing company released information regarding the impact of recent events on the Company’s revolving credit facility and the path forward for the Company.
  • Pengrowth Energy Corporation Announces Transaction With Cona Resources Ltd.
    November 4, 2019
    Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCQX:PGHEF) today announced that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Cona Resources Ltd. (the “Purchaser”), a portfolio company of Waterous Energy Fund, pursuant to which the Purchaser has agreed to repay the outstanding principal amount and accrued interest to the date of the Arrangement Agreement owing under the Company’s credit facility (the “Credit Facility”) .
  • Excelsior Mining Secures Credit Facility
    November 4, 2019
    Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") announces that it and its wholly-owned subsidiary Excelsior Mining Arizona, Inc. ("Excelsior Arizona") have entered into an agreement with Nebari Natural Resources Credit Fund I LP ("Nebari") for a US$15 million credit facility (the "Credit Facility").
  • Karina Davydov Joins Gemino Healthcare Finance
    November 4, 2019
    We are pleased to announce that Karina Davydov has joined Gemino Healthcare Finance and will also be working with North Mill Capital. Karina brings with her more than fifteen years’ experience in financial services industry most recently in her role as a Healthcare Lender at BankFinancial. She will be focused on marketing and loan origination in the Midwest, based out of Gemino’s Chicago office.
  • Kaiser Aluminum Corporation Announces New Five-Year, $375 Million, Senior Secured Revolving Credit Facility
    October 31, 2019
    Kaiser Aluminum Corporation (KALU) today announced that it has entered into a $375 million, five-year senior secured revolving credit facility replacing its previously existing facility that was due to mature in December 2020. The new facility increases the lending commitment by $75 million and provides more favorable pricing and greater flexibility than the previous facility.
  • Celtic Capital Corporation Announces New Client Relationship
    October 31, 2019
    Celtic Capital Corporation announced its most recent new client relationship – a California-based company that manufactures high end furniture. This borrower had a long-term relationship with its bank but after losses and covenant violations, was asked to seek alternative financing.
  • Toll Brothers Announces $1.905 Billion Bank Credit Facility and $800 Million Term Loan Extension
    October 31, 2019
    Toll Brothers, Inc. (TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today announced that it had entered into a five-year $1.905 billion senior unsecured revolving credit facility to replace the Company's existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021. The facility, which matures in November 2024 and includes 24 banks, has an accordion feature under which the facility can increase to a maximum of $2.5 billion, subject to certain conditions.
  • Hovnanian Enterprises Completes Refinancing Transactions
    October 31, 2019
    Hovnanian Enterprises, Inc. (NYSE:HOV) (“Hovnanian” or the “Company”) announced today that it has closed several refinancing transactions that extend the maturities of over $700 million of the Company’s debt, including addressing all near-term maturities through 2021, as well as proactively extending approximately 50% of its upcoming maturities in 2022 and 2024. Additionally, the Company refinanced its $125 million secured revolving credit facility, which had revolving commitments terminating in December 2019, to a new secured revolving credit facility (the “New Revolver”) maturing in 2022.
  • Finance Transformation Expert David White Joins FTI Consulting
    October 31, 2019
    FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David White as a Senior Managing Director and Leader of the West region of the Office of the CFO Solutions practice within the Corporate Finance & Restructuring segment.
  • TAB Bank Provides Organic Foods Company in Pennsylvania with a $5.5 Million Asset-Based Credit Facility
    October 31, 2019
    TAB Bank is pleased to announce it has provided a $5.5 million asset-based revolving credit facility for an organic foods company located in Pennsylvania. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
  • BFS Appoints Carol Apicella Senior Vice President and Business Development Officer
    October 31, 2019
    Bibby Financial Services is delighted to announce a new addition to our team, Carol Bader Apicella. Ms. Apicella joined our team in mid-October as a Senior Vice President and Business Development Officer. We look forward to the expert insight Ms. Apicella will bring to BFS.
  • Next Edge Capital Corp. Closes Credit Facility For $47,500,000 From CIBC
    October 31, 2019
    Next Edge Capital Corp. (“Next Edge Capital”) is pleased to announce the closing of a revolving credit facility for $47,500,000 USD with CIBC1 and NELI Canada LP2, a special purpose funding vehicle utilized by the Next Edge Private Debt Fund (the “Fund”).
  • Greypoint Capital Adds Jeffrey Weber To Management Team
    October 31, 2019
    Greypoint Capital Inc. ("Greypoint" and/or "Company"), a Canadian alternative lender for middle market companies, is pleased to announce that Jeffrey Weber has recently joined the Company as Senior Vice President.
  • Ropes & Gray Names 16 New Partners
    October 31, 2019
    Global law firm Ropes & Gray announced today that 16 attorneys have been named partners of the firm, and that eight attorneys have been named counsel, all effective November 1. With these partner promotions—9 women and 7 men—30% of Ropes & Gray's partners are women. The largest geographic concentration of new partners is in New York, where the firm has more than 400 lawyers.
  • Olympia Sports Selects SB360 Capital Partners As Exclusive Agent to Conduct Closing Sale for 76 Stores
    October 31, 2019
    Olympia Sports, the prominent Maine based athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive agent to conduct “Store Closing” sales in 76 stores. Olympia, which was recently acquired by sports retailer JackRabbit, will continue to operate its remaining 75 stores under the Olympia Sports’ banner. The 76 closing stores were not part of the acquisition.
  • SG Credit Partners Provides $2 Million Second Lien Cash Flow Loan Secured By Real Estate
    October 31, 2019
    SGCP provided a $2 million second lien cash flow loan to the Company secured by a second deed of trust on the corporate real estate which enabled the Company to execute on its new contracts and grow the business.
  • goeasy Ltd. Announces Enhancements to Credit Facility
    October 30, 2019
    goeasy Ltd. (GSY.TO), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, is pleased to announce that on October 29, 2019 it completed an amendment to its senior secured revolving credit facility (the “Credit Facility”) provided by a syndicate of banks. The amendment increased the maximum principal amount available by $120.5 million in borrowing capacity, increasing the limit from C$189.5 million to C$310 million.
  • Ribbon Raises $30 Million Series B and $300 Million in Debt to Expand its Home Buying Platform
    October 30, 2019
    Ribbon announced today it has raised $330 million in equity and debt financing, to facilitate the company's expansion into new markets, and accelerate product development efforts. The company, which helps consumers more easily and efficiently buy homes, closed a $30 million Series B round of funding led by Greylock, and secured a debt facility with Goldman Sachs that, in addition to a previous facility, provides current financing capacity to $300M upon closing and may be increased by an additional $220M,
  • Anand Ramachandran Joins Regions Bank Corporate and Institutional Markets Group as a Managing Director
    October 30, 2019
    Regions Bank today announced that Anand Ramachandran has joined the firm as a Managing Director, reporting to Robert Heffes, Managing Director and Head of Trading and Credit Distribution and CEO of Regions Securities LLC.
  • New Cape Ann YMCA to be Built with $15 Million in New Markets Tax Credits from TD Community Development Corporation
    October 30, 2019
    Gloucester, Massachusetts, residents can look forward to having more opportunities for a better life with the recent groundbreaking on a new Cape Ann YMCA facility. The new YMCA, operated by the YMCA of the North Shore, Inc., will provide affordable access to health and child care programs along with new jobs in the community.