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TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Rosenthal Provides $1.2 Million ABL Facility to Specialty Foods Distributor, Partner Foods Group
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent joint $1.2 million revolving asset-based lending facility to support Partner Foods Group, a domestic specialty foods importer and distributor.
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King Trade Capital Provides $3 Million Purchase Order Finance Facility
February 8, 2022KTC King Trade Capital (“KTC”) is pleased to announce the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company. The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares, and party supplies.
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Northpoint Commercial Finance Supports the Acquisition of a Leading Specialty Food Processor
February 8, 2022Northpoint Commercial Finance ("Northpoint"), a North American diversified financial services company, provided a $9.5 million senior secured revolving line of credit to support the acquisition of a food processor and distributor (the "Company") by a lower middle-market focused private equity firm.
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Winston & Strawn Represents Vistas Media Acquisition Company Inc.
February 8, 2022Winston & Strawn represented Vistas Media Acquisition Company Inc. (NASDAQ: VMAC, VMACU and VMACW) ("VMAC"), a special purpose acquisition company, in connection with its business combination with Anghami Inc. ("Anghami"), the first legal music streaming platform and digital distribution company in the Arab world.
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Gridiron Capital-Backed Foundation Wellness Acquires Doctor Hoy’s Natural Pain Relief
February 8, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams is pleased to announce that its portfolio company, Foundation Wellness, manufacturer of aftermarket insoles, supplying footwear and foot care products to multiple companies and leading brands, has acquired Doctor Hoy’s Natural Pain Relief (“Doctor Hoy’s” or the “Company”).
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TradeCap Partners Closes $2.4mm Purchase Order Finance Facility for Canadian Footwear Importer
February 8, 2022The Company had recently secured a new license with exclusive distribution rights to the Canadian market. Shortly thereafter they landed a seasonal program with a major wholesaler for distribution in all doors throughout Canada. Despite their existing line of credit in place with a large Canadian bank, the size of the program required additional capital to support production with the licensors overseas supplier
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SGH Announces Refinancing Transactions
February 8, 2022SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ: SGH) today announced that it has completed refinancing transactions via a $275 million Term Loan A Facility and a $250 million undrawn Revolving Credit Facility (collectively, the “Credit Facilities”).
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Jake Fisher Joins NXT Capital as Managing Director in the Investor Solutions Team
February 8, 2022In this role, Mr. Fisher is responsible for capital development and managing relationships with institutional investors across the globe. His role will also include product development, investor marketing, due diligence, onboarding, and ongoing customer service.
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White Oak Announces Banner Year of Originations Volume
February 8, 2022White Oak Global Advisors, LLC, (“WOGA”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively, “White Oak”), originated $2.1 billion of loan transactions across 133 companies in 2021.
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FTI Consulting Appoints Investment Banking Expert Jason Ho as Senior Managing Director in Hong Kong
February 8, 2022FTI Consulting, Inc. (NYSE: FCN) today announced the addition of Jason Ho as a Senior Managing Director and Asia Leader of the Capital Solutions offering within the firm’s Corporate Finance & Restructuring segment, based in Hong Kong. FTI Consulting’s Capital Solutions team in Asia assists and provides solutions to corporates to enable opportunities such as acquisitions, refinancings and dividend recapitalisations.
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CEMATRIX Announces $5 Million Revolving Credit Facility with CIBC
February 8, 2022CEMATRIX Corporation, a North American leading manufacturer and supplier of technologically advanced cellular concrete products, announces that it has entered into a new credit facility that provides for a $5 million secured revolving operating line with the Canadian Imperial Bank of Commerce.
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Gordon Brothers Invests in Nicole Miller
February 7, 2022Gordon Brothers, the global advisory and investment firm, has made a majority investment in Nicole Miller. The global, eponymous fashion and lifestyle brand was founded by Nicole Miller in 1982 and has become one of the premier names in American fashion. In addition to its womenswear collections, the company has previously partnered with leading licensees in numerous categories, including handbags, shoes, jewelry, fragrance and beauty, and home.
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King Trade Capital Provides a $3 Million Purchase Order Finance Facility
February 7, 2022King Trade Capital (“KTC”) is pleased to announce the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company. The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares and party supplies.
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Alterna Capital Solutions Moves to Orlando’s Baldwin Park, Expanding Office Space and Leadership Roles
February 7, 2022Alterna Capital Solutions (Alterna), a specialty and alternative financing lender to small businesses experiencing growth, today announced a move into a larger office space as it continues expanding its best-in-class team focused on helping clients achieve greatness. The new office at 2420 Lakemont Avenue, Suite 350 near downtown Orlando will serve as the firm’s national headquarters as Alterna continues building a hub of growth capital influence extending from Central Florida to all regions of the United States.
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Gerber Finance Funds ZOA Energy
February 7, 2022Gerber Finance, an eCapital company and the leading finance partner for companies experiencing accelerated growth, today announced the closing of a $10MM line of credit to ZOA Energy. A better-for-you, clean energy drink created for the everyday warrior, ZOA Energy offers vitamins and nutrients that boost immune systems and provide a healthy dose of natural caffeine for focus, balance, and success throughout the day.
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Rosenthal Names Brian Resutek Business Development Officer in Atlanta Office
February 7, 2022Resutek has served as Senior Vice President and Account Executive at Rosenthal since 2018, managing recourse and non-recourse factoring and asset based lending clients throughout the Southeast. Before joining Rosenthal through Rosenthal’s acquisition of BB&T’s factoring portfolio, he held similar roles in BB&T’s factoring and regional corporate banking groups for over ten years.
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Customers Bank Continues National Expansion Launches Technology and Venture Banking Group
February 7, 2022Customers Bank, a top 100 digital forward consumer and commercial bank with approximately $19.1 billion in assets, introduced a national Technology and Venture Banking Group to serve early, growth and late-stage technology companies as part of the bank’s continued strategic growth. The bank earned national recognition for its technology prowess and agility to create a hybrid fintech banking model that provided more than 325,000 PPP loans with an aggregate value of $9.5 billion to small businesses earlier this year.
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PRESS RELEASE John Socknat and Daniel McKenna Named Co-Leaders of Ballard Spahr's Consumer Financial Services Group
February 7, 2022John Socknat—who advises mortgage and consumer finance companies across the country in compliance and enforcement actions—has been named Co-Leader of Ballard Spahr’s top-ranked Consumer Financial Services Group, firm Chair Mark Stewart announced today. Daniel JT McKenna—who represents clients in individual and class action litigation in the CFS space and who has led the litigation arm of the national powerhouse practice—now becomes Co-Leader of the Group.
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TIAA Bank Announces Record Year in Commercial Real Estate Loan Originations
February 7, 2022TIAA Bank today announced that its Commercial Real Estate (CRE) business enjoyed a record year in 2021, as its customized financing solutions and growth focus spurred an 83% increase in the bank's overall CRE volume.
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CPS Announces Renewal of $100 Million Credit Facility
February 7, 2022Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on February 2, 2022 it renewed its two-year revolving credit agreement with Ares Agent Services, L.P.
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Revolution Capital Gains Foothold in Southern US with new Texas Office
February 7, 2022Revolution Capital, the leading provider of factoring and cash-flow financing in Canada and the United States has further broadened their expansion in the US with a new office in Fort Worth, Texas, expected to become one of the largest and most reputable ones in the area.
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