- Haversine Funding Closes More Than $40 Million in New Lender Finance & Participation Transactions
- Eldridge Closes $75 Million Sale-Leaseback with Leading Chemical Producer
- Utica Funds $9.2 Million Capital Lease for Pipe and Steel Manufacturer Acquisition
- Plostock Joins CohnReznick Government and Public Sector Advisory Team
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TSL Express Daily Articles & News
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Encina Lender Finance Provides $50 Million Senior Credit Facility To Crossroads Financial
Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $50 million senior credit facility with an accordion feature for an incremental $50 million in potential capacity to Crossroads Financial LLC (“Crossroads”), the industry-leading provider of inventory only revolving credit facilities in the below $10 million size range to companies nationwide and the preferred partner to factoring companies and accounts receivable lenders. ELF’s credit facility closed simultaneously with a mezzanine debt facility from a different lender.
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John Marshall Bank Hires Alice Williams to Expand its Commercial Lending Team
November 15, 2021ohn Marshall Bank is pleased to announce Alice Williams as its new SVP, Commercial Lender. Alice has 39 years of experience in commercial banking, with almost half of her career spent at Truist Bank (formerly BB&T). Before joining John Marshall Bank, Alice served as the SVP, Market President of Truist Bank. She managed business clients with annual revenues up to $100 million.
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Turning Rock Partners Expands Platform with Key Hires
November 15, 2021Turning Rock Partners ("TRP" or "Turning Rock"), a New York-based private investment firm, is expanding its platform with key hires across the organization. Notably, TRP has hired Catherine Bonelli to be its new Chief Financial Officer (CFO). Bonelli brings more than 30 years of experience managing all aspects of finance, operations and regulatory reporting for financial institutions and asset management firms to the role.
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Flow Capital Announces a US$1.5M Investment Into Kovo HealthTech Corporation
November 15, 2021Flow Capital Corp. (TSXV:FW) (“Flow Capital”, “Flow”, or the "Company") announces that it has a US$1.5M investment into Kovo HealthTech Corporation (“Kovo”). The investment is expandable to US$7M under certain conditions. Kovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for US healthcare clinics, hospitals and private practices.
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Winston & Strawn LLP Represents Connecticut Pharmaceutical Solutions, Inc.
November 15, 2021Winston & Strawn LLP represented Connecticut Pharmaceutical Solutions, Inc., a portfolio company of Tuatara Capital, L.P in its sale to Verano Holdings Corp., a leading multi-state cannabis company.
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Matrix Announces the Successful Sale Of E.J. Pope & Son, Inc.’s 36 Handy Mart Stores
November 12, 2021Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised E.J. Pope & Son, Inc. d/b/a Handy Mart (“EJP” or the “Company”) on the sale of its 36 petroleum marketing and convenience retail stores to GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp.
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BBH Announces the Addition of Private Banking Professional in Houston
November 11, 2021The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the addition of a new Corporate Advisory & Banking Officer, Ianni Palandjoglou. Ianni is joining the firm as a Senior Vice President and will be BBH's first full-time employee in the Houston market, where BBH has long been active in supporting private businesses and their owners.
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Flagstar Bank Names Adler Head of Wholesale Banking
November 11, 2021Flagstar Bank has named Michael Adler as executive vice president and head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and non-consumer-facing areas such as foreign exchange/swaps.
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Silgan Announces Completion of Amendment to Senior Secured Credit Facility
November 11, 2021Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced today that it completed an amendment to its existing senior secured credit facility which extends maturity dates by more than 3 years, increases the Company’s revolving loan facility from $1.2 billion to $1.5 billion and provides $1.0 billion in new term loans to refinance outstanding term and revolving loans used to fund the three recent acquisitions completed in 2021 and the acquisition of the dispensing operations of the Albéa Group in 2020.
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MeridianLink Completes Debt Refinancing With a New $435 million, 7-Year Credit Facility
November 11, 2021MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that the Company has entered into a Credit Agreement, providing a Term Loan B Facility (the “Facility”) of seven years in the aggregate principal amount of $435 million and a $50 million revolving credit facility.
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U.S. Bank Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050
November 11, 2021Setting a goal to reduce greenhouse gas emissions to zero by 2050 will expand U.S. Bank’s environmental focus from its operations to all parts of its business. The company will measure, disclose and commit to zero net greenhouse gas emissions – including financed emissions – by 2050.
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Bridge Bank Issues $4 Million Line of Credit to Ride Health
November 11, 2021Bridge Bank today announced that it has issued an accounts receivable-based $4 million line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. The line of credit will be used to support working capital needs.
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Oxford Finance Provides $50 Million Credit Facility to Kezar Life Sciences, Inc.
November 11, 2021Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $50 million senior secured term loan with Kezar Life Sciences, Inc. (NASDAQ: KZR) (“Kezar” or “the Company”), a clinical-stage biotechnology company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders.
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Exiger Receives $70 Million Growth Facility from Monroe Capital
November 11, 2021Exiger, the global market leader in tech and technology-enabled compliance and risk management solutions, announced today that it has received a $70 million senior credit facility from Monroe Capital, LLC ("Monroe") to support its continued growth. Founded in 2013 and headquartered in New York City, Exiger arms the world's largest corporations, financial institutions and government entities with technology-enabled and Software as a Service ("SaaS") solutions that allow a proactive approach to risk and compliance.
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Harbor Integrates With Circle To Provide Faster Payments To Global Buyers And Suppliers
November 11, 2021Harbor, a fintech company redefining international trade finance, announced an integration with Circle, a global internet finance firm that provides payments and financial infrastructure to businesses of all sizes and the principal operator of USD Coin (USDC).
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BizCap Secures $7.5 Million in Financing for Elevate Addiction Services
November 11, 2021BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $7.5 million in growth financing for its client Elevate Addiction Services, a national leader and innovator in drug and alcohol rehabilitation.
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CNH Finance Closes $40 Million in new Committed Facilities in the Third Quarter 2021
November 10, 2021CNH Finance is pleased to announce it closed more than $40MM in new committed facilities in the third quarter 2021. These results continue a trend of strong portfolio performance during 2021, having achieved growth in net funds employed to beyond pre-pandemic levels. CNH looks to build on the momentum in the fourth quarter and beyond with an active pipeline of quality opportunities presenting themselves across healthcare and affiliated sectors.
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Accord Financial Provides $1,850,000 to a Group of Construction Companies
November 10, 2021Accord simplified access to capital for a group of construction companies by providing an AccordExpress BCAP loan, in combination with a factoring facility.
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J D Factors Announces Factoring Facilities
November 10, 2021J D Factors announced it provided the following factoring facilities: $200,000 to a transportation company in Connecticut; $150,000 to a transportation company in Texas; $100,000 to a transportation company in Manitoba; $150,000 to a transportation company in Arkansas...
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Franklin Capital Announces the Completion of a $1 Million Factoring Facility for an Apparel Company
November 10, 2021An existing client recently connected us with a new apparel company that had the opportunity to experience significant growth with their US-made apparel line after receiving new orders from multiple national retailers. Unfortunately, they lacked the working capital to fulfill the orders.
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Restaurant Real Estate Strategies Need to Account for the Labor Shortage and Other Disruptive Trends, Advises A&G Executive
November 10, 2021Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’ column for Nation’s Restaurant News.
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