TSL Express Daily Articles & News

To submit company news and press releases to
TSL Express, email tslexpress@sfnet.com.

Today's Top Story



TSL Express Trending Story

TSL Express Daily Headlines & News

  • Chaparral Energy Successfully Completes Financial Restructuring and Raises $35 Million in New Capital
    October 15, 2020
    Chaparral Energy, Inc. (the “Company” or “Chaparral”) announced today that it successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, which received broad support from its creditors, the Company has equitized all $300 million of its unsecured 8.75% Senior Notes due 2023 (the “Senior Notes”), reduced its annual interest expense by more than $25 million, and significantly enhanced its financial flexibility.
  • CIBC Innovation Banking Provides Digital Healthcare Management Platform, Chronometriq Inc., with $5 Million in Growth Capital Financing
    October 15, 2020
    CIBC Innovation Banking is pleased to announce a $5 million growth capital financing with Montreal-based Chronometriq Inc. (“Chronometriq”), a patient engagement software provider for medical clinics across North America. Chronometriq recently acquired competitor Health Myself as part of its growth strategy, and will use this financing to support its plans for further growth across North America.
  • Acme to Buy 27 Kings Food Market and Balducci’s for $96.4M
    October 15, 2020
    Malvern, PA-based Acme Markets Inc., a division of Albertsons Cos., said late Wednesday it will acquire 27 Kings Food Market and Balducci’s Food Lover’s Market stores for $96.4 million in cash under a bankruptcy auction. The stores will become part of the Mid-Atlantic division of Albertsons, which operates Acme and Safeway stores on the east coast.
  • Versant Funding LLC Funds a Non-recourse Factoring Facility to a National CBD Distributor
    October 15, 2020
    Versant Funding LLC is pleased to announce it has funded a $1,500,000 non-recourse factoring facility to a national distributor of CBD-infused body care products.
  • Crestmark Welcomes James Jenkins as National Account Executive to Crestmark Equipment Finance
    October 15, 2020
    Crestmark is pleased to announce the appointment of James Jenkins as National Account Executive for the Crestmark Equipment Finance (CEF) group. Jenkins reports to Arick Levine, CEF eastern region sales manager. Jenkins brings nearly 40 years of equipment financing experience to Crestmark. Most recently, he served as senior vice president, director of vendor and head of commercial direct with BCI Capital, where he was responsible for building out a vendor platform and managing a small direct salesforce.
  • Hovde Group Launches Asset Management Advisory Effort With Addition of Mark Timperman
    October 14, 2020
    Hovde Group (“Hovde”), a leading full service investment bank and broker dealer that provides investment banking, capital markets, equity research, and sales and trading services focused on the financial services sector, today announced that it has formed a new practice to advise asset management and wealth management companies, led by Mark Timperman as Managing Director and Head of Asset Management Investment Banking.
  • K&W Cafeterias Retains M&A Specialist SC&H Capital
    October 14, 2020
    By order of the US Bankruptcy Court, Middle District of North Carolina, Winston-Salem Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to K&W Cafeterias (“K&W” or “the Company”) for the sale of 18 cafeteria-style restaurants. K&W is an 83-year-old, Winston-Salem based, family owned and operated restaurant chain with locations in North Carolina, South Carolina, and Virginia, specializing in made from scratch, home-style southern food at an affordable price.
  • Conifex Announces Secured Revolving Credit Facility
    October 14, 2020
    Conifex Timber Inc. ("Conifex") (TSX: CFF) announced today that it has completed a $10 million secured revolving credit facility (the "Facility") with Wells Fargo Capital Finance Corporation Canada. The Facility is available for a term of 3 years and is substantially secured by Conifex's lumber segment inventory, equipment and accounts receivable.
  • Metropolitan Commercial Bank Hires Senior Finance Specialist
    October 14, 2020
    Metropolitan Commercial Bank today announced that Maryann Metlitz joined the Bank as Vice President, Commercial Lending Officer. She will report to Luke J. Kaufman, First Vice President, Head of Commercial Lending. Ms. Metlitz brings more than 30 years of banking experience to Metropolitan Commercial Bank and has focused exclusively on the finance sector for the last 15 years. She was recently Vice President, Dealer Relationship Manager at BB&T Bank.
  • Monroe Capital Supports Apax Partners’ Acquisition of MyCase
    October 14, 2020
    Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of MyCase, Inc. by private equity sponsor Apax Partners.
  • Enova Completes Acquisition of OnDeck
    October 14, 2020
    Enova International (NYSE: ENVA), a leading financial technology and analytics company offering consumer and small business loans and financing, today announced it has completed the acquisition of On Deck Capital, Inc. (NYSE: ONDK), a leader in online lending for small business, for $1.89 per share, or approximately $122 million. The acquisition creates a company with significant scale and diverse product offerings in consumer and small business market segments with combined originations of nearly $5 billion in 2019 and approximately seven million customers.
  • LBC Credit Partners Supports the Investment In Rogers Mechanical Contractors, Inc.
    October 13, 2020
    LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support the investment in Rogers Mechanical Contractors, Inc. by Craft Work Capital Partners, LLC, a specialized joint venture backed by Aterian Investment Partners. LBC served as agent and sole lead arranger for the senior secured credit facility.
  • Z Capital Group Expands Credit Team
    October 13, 2020
    Z Capital Group, LLC ("ZCG" or the "Firm"), a leading privately held global investment firm with complimentary private equity and credit businesses, today announced the addition of Egidio Carlino as Director and Jordan Shrem as Senior Associate. Mr. Carlino is responsible for research and analysis of existing and prospective portfolio leveraged finance investments and Mr. Shrem is responsible for trade support and execution. Both will be members of Z Capital Credit Partners' ("ZCCP") Investment Team.
  • Goldman Sachs BDC, Inc. Closes Merger with Goldman Sachs Middle Market Lending Corp.
    October 13, 2020
    Goldman Sachs BDC, Inc. (“GSBD” or the “Company”) (NYSE: GSBD) announced today that it has completed its previously announced merger with Goldman Sachs Middle Market Lending Corp. (“MMLC”). The transaction has more than doubled GSBD’s asset base to $3.5 billion and has delivered significant deleveraging, which will enable the Company to take advantage of attractive lending opportunities available in the current environment.
  • Maxim Commercial Capital Funds Deals in 32 States During 3Q 2020
    October 13, 2020
    Maxim Commercial Capital is pleased to report it funded hard asset-secured financings for small and mid-sized businesses (SMBs) in 32 states during the third quarter of 2020. Despite the year’s exceptional challenges, Maxim has not wavered in its commitment to support the capital needs of existing and prospective borrowers. Maxim lends from $10,000 to $3,000,000 to SMBs nationwide, secured by heavy equipment and real estate, to facilitate asset purchases, working capital and to refinance expensive short-term debt.
  • TradeCap Partners Closes Two PO Finance Facilities
    October 13, 2020
    TradeCap Partners recently closed two PO Finance facilities totaling $18mm for two government contractors selling personal protective equipment (PPE). One contractor was a woman owned business with extensive experience in sourcing PPE. The other, a team of disabled veterans with strong logistics and sourcing backgrounds.
  • Briar Capital Real Estate Fund (BCREF) Provides a $2.50MM Real Estate Term Loan to a Florida Brewery
    October 13, 2020
    Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce it provided a $2.50MM real estate term loan to a Florida brewery. In addition to its multiple award-winning beers, the company also manufactures and packages cold brew coffees with planned expansion into hand crafted ice creams.
  • Commercial Funding Inc. Closes First ABL Transaction
    October 13, 2020
    Accounts receivable finance company Commercial Funding Inc. successfully funded its first asset-based lending (ABL) transaction, providing $3.5 million for a transportation company.
  • White Oak Commercial Finance Provides $25 Million ABL Facility for Acquisition of Women’s Apparel Brands
    October 13, 2020
    White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $25 million ABL facility to Saadia Group, LLC for the acquisition of two women’s apparel brands from e-commerce retailer, RTW Retailwinds Inc. (“RTW”), which is undergoing bankruptcy proceedings. The funding, completed in less than 30 days, supports Saadia Group’s acquisition of RTW’s e-commerce brands, New York & Company and Fashion to Figure, and their related intellectual property. The company plans to incorporate and promote the legacy brands to further increase its online retail footprint.
  • Citizens Advises EasyWorkforce Software Corporation on its Growth Equity Investment from CFH Strategic Investment I, LLC
    October 13, 2020
    Citizens M&A Advisory served as the exclusive financial advisor to EasyWorkforce Software Corporation, a leading workforce management software provider, on its growth equity investment from CFH Strategic Investment I, LLC. Founded in 2011, and formerly known as EasyClocking, EasyWorkforce is globally recognized as a premier workforce management solution provider.
#3 -_ 1 (1)