TSL Express Daily Articles & News
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TTEC Increases its Credit Facility to $1.5 Billion
TTEC Holdings, Inc. (NASDAQ: TTEC), one of the largest, global CX (customer experience) technology and services innovators for end-to-end digital CX solutions, announced today that on November 23, 2021 it amended and extended its credit facility, increasing the total commitment amount by $300 million to $1.5 billion and extending the maturity to November 2026.
Commitments were provided by a syndicate of banks arranged by Wells Fargo Securities, LLC serving as Left Lead Arranger and Left Bookrunner and BofA Securities, Inc., PNC Bank National Association, U.S. Bank, National Association, and Bank of the West, serving as Joint Lead Arrangers and Joint Bookrunners.
Commitments were provided by a syndicate of banks arranged by Wells Fargo Securities, LLC serving as Left Lead Arranger and Left Bookrunner and BofA Securities, Inc., PNC Bank National Association, U.S. Bank, National Association, and Bank of the West, serving as Joint Lead Arrangers and Joint Bookrunners.
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TransPerfect Announces New $500 Million Credit Facility
September 7, 2021TransPerfect, the world's largest provider of language and technology solutions for global business, today announced that it has refinanced its existing credit facility with a new $500 million credit facility (consisting of a $250 million term loan and a $250 million revolving credit line) that matures on August 27, 2026. The new credit facility replaces the company’s previous $450 million credit facility.
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Maverix Amends and Increases Credit Facility to $160 Million
September 7, 2021Maverix Metals Inc. ("Maverix" or the "Company") (NYSE: MMX) (TSX: MMX) is pleased to announce that it has amended its revolving credit facility (the "Credit Facility") and increased the amount available by $40 million to $160 million.
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Intense Competition in Middle-Market Lending Benefits Commercial Borrowers
September 7, 2021Cerebro Capital, a commercial loan platform, today released its Q2 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Lenders saw increased demand for credit because of the booming M&A market and the improving economy, according to the survey. At the same time, underwriting standards and loan terms continue to ease because of increasing competition among lenders.
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Gordon Brothers Launches Sale of Specialist Airport Ground Support Equipment Formerly Owned by Swissport Finland
September 7, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed joint selling agent for high-quality ground support equipment formerly owned by Swissport Finland, in partnership with Liquidity Services. This specialised private sale presents the rare opportunity to acquire airport ground support equipment for cargo and people immediately.
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GTT Enters into Restructuring Support Agreement with Key Stakeholders to Improve Capital Structure and Execute Business Strategy
September 2, 2021GTT Communications, Inc. (OTC: GTTN), “GTT” or “the Company”, a leading global cloud networking provider to multinational clients, announced today that it has entered into a Restructuring Support Agreement (“RSA” or the “agreement”) with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a comprehensive restructuring of the Company’s remaining balance sheet following completion of the pending sale of its infrastructure division.
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Maverix Amends and Increases Credit Facility to $160 Million
September 2, 2021The syndicate of banks include National Bank of Canada, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and Bank of Montreal. The Credit Facility has a term of 4 years, maturing in September 2025. Currently, the Company has nothing drawn from the Credit Facility and, therefore, the full $160 million remains available.
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Northstar Capital Invests in Consolidated Equipment Group, LLC
September 2, 2021Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Consolidated Equipment Group, LLC (“CEG”), a portfolio company of Dominus Capital (“Dominus”). CEG, a Minnesota-based company, is the leading designer, manufacturer, and marketer of attachments for skid-steers loaders, mini skid-steers, compact tractors, utility terrain vehicles, all-terrain vehicles, and other light-construction equipment.
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Eastern Bank Welcomes Metropolitan Cabinets & Countertops as a Commercial Customer
September 2, 2021Eastern Bank is pleased to announce Metropolitan Cabinets & Countertops (Metropolitan) as a new commercial banking customer. Founded in 1984, Metropolitan is a family run business that provides custom cabinetry and countertops to residential and commercial customers across New England. Metropolitan has grown from a three-person company into a leader in the cabinet and countertop industry with a 150,000 square foot manufacturing facility and four showrooms in Greater Boston.
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Texas Capital Bancshares, Inc. Appoints Daniel Hoverman to Lead Investment Banking Division
September 2, 2021Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that Daniel S. Hoverman has been appointed as Executive Vice President of Texas Capital Bank and Managing Partner and President of TCBI Securities, Inc., effective immediately.
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Pasadena Private Finance Closes $30 Million Structured Lending Facility with East West Bank
September 2, 2021Pasadena Private Finance, LLC (“PPF”) is pleased to announce that it has closed on a $30,000,000 senior credit facility with East West Bank, the largest publicly traded bank headquartered in Southern California, with an expertise in lending to specialty finance companies.
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Timothy M. Gladden Joins Davis+Gilbert’s Corporate Practice Group as Partner
September 2, 2021Davis+Gilbert LLP is pleased to announce that Timothy M. Gladden has joined the firm as a partner in the Corporate Practice Group. Mr. Gladden’s practice focuses on mergers and acquisitions, venture capital and private equity investments and securities transactions. He has substantial experience structuring, negotiating, and managing M&A transactions (buy-side and sell-side) across multiple industries.
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HyperAMS Announces Full Plant Liquidations for Two Major Automotive Component Manufacturers
September 2, 2021HYPERAMS, LLC announced two upcoming online auctions for automotive component manufacturers Dura Automotive Systems and Shiloh Industries will take place in September 2021. The Dura auction, a two-day online event on September 9-10th, is a complete manufacturing facility featuring six Minster presses, from 150 tons to 600 tons, major stamping and roll forming equipment, secondary equipment, and items from the maintenance and tool and die shop of the company’s Moberly, Missouri plant. HYPERAMS previously conducted the two highly successful auctions at Dura’s Milan, Tennessee plant.
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Marco Adds Two New Clients to SME LATAM Roster
September 2, 2021Fintech startup Marco, kicks off the week with the acquisition of new clients in Mexico & Ecuador, adding to its growing roster of Latin American SME clients. An Ecuadorian fruit exporter and a Mexican logistics company have partnered with the young fintech in order to expand their international trade finance facilities.
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Ocean Bank Funds $2 Million Factoring Facility To Growing Wine Distributor
September 2, 2021Ocean Bank’s Factoring Division has provided a $2 million factoring facility to a leading Midwest wine distributor. “Our client has been in growth-mode with their sales growing exponentially and needed a financing partner to assist them with more working capital to fuel their growth,’ said Daniel Krasna, vice president and factoring business development officer.
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CIT Serves as Sole Lead Arranger on $43 Million Financing for Portfolio of Medical Office Buildings
September 1, 2021CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona. The portfolio, acquired by Cypress West Partners, consists of 14 medical office buildings encompassing nearly 150,000 square feet of rentable space. Ten of the facilities are located in Arizona and four are in Florida.
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Rothschild & Co Hires Bob Berry as Managing Director in North America
September 1, 2021Rothschild & Co today announced that Bob Berry has joined its Global Advisory business in North America as a Managing Director in the Financial Sponsors Group. Mr. Berry brings more than three decades of investment banking and sponsor coverage experience to Rothschild & Co, where he will help manage and grow the firm’s relationships with private equity clients. He will be based in Boston.
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Celtic Bank Expands Debt Financing to Growth-Stage Techs with New Recurring Revenue Loan Offering
September 1, 2021Celtic Bank, a Utah-based industrial bank, expands its commercial loan offerings to technology companies that are not well suited for traditional loan products given the nature of their business models.
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Harri Announces $30 Million Growth Financing from Golub Capital
September 1, 2021Harri, an enterprise Employee Experience platform built for service driven industries, announced that it has received a significant round of growth financing from Golub Capital as part of a broader funding round totaling $30m. The financing will be used to capitalize on the strong momentum in the large enterprise market, accelerate growth into new verticals, and further amplify Harri’s position as the leader in verticalized human capital and workforce management technology space.
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Securities & Financial Services Partner Lanier Saperstein Rejoins Dorsey & Whitney in New York
September 1, 2021International law firm Dorsey & Whitney LLP announced today that Lanier Saperstein has rejoined the Firm as a Partner in its Securities & Financial Services Litigation Practice Group. Mr. Saperstein has precedent-setting experience representing international financial institutions and corporations in litigation and regulatory matters in the United States. He has been recognized by leading publications for his work in international banking.
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Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc.
September 1, 2021In a September 14 live webcast auction, Machinery Network Auctions, Inc. and Tiger Group are offering machinery and equipment from the now-shuttered Jefferson plant of global automotive supplier Toledo Molding & Die, Inc. Bidding on the equipment is already underway on Bidspotter and will go live at 10 a.m. (ET) on September 14.
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