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Rob Swanson Joins MUFG Union Bank as Northern California Market President for Commercial Banking

MUFG Union Bank today announced that Rob Swanson has joined as Managing Director, Northern California Market President. Based in the Bay Area, Swanson reports to Bita Ardalan, Head of Commercial Banking for Union Bank.

In his role, Swanson will lead the strategy and management of the bank's middle market activities in Northern California and the Central Valley. He will oversee a high-caliber team of professionals providing advisory services and solutions specifically tailored to the unique business objectives of corporate clients across industries, as well as spearhead the Technology and Venture Banking industry verticals within the Commercial Bank.

 

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TSL Express Daily Headlines & News

  • Power Solutions International Announces Closing of its New Credit Facility
    April 7, 2020
    Power Solutions International, Inc. (“the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced that it has closed on its new senior secured revolving credit facility (the “Credit Facility”) under a credit agreement, dated as of March 27, 2020, (the “Credit Agreement”) between the Company and Standard Chartered Bank, as administrative agent for the lenders thereunder.
  • Clearpool Announces the Completion of its Acquisition by BMO Financial Group
    April 7, 2020
    Clearpool Group (Clearpool), a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer, today announced that BMO Financial Group (BMO) has completed its previously announced acquisition of the company. Terms of transaction were not disclosed.
  • Brian P. Klaban Joins Platte River Equity as Director of Business Development & Debt Capital Markets
    April 7, 2020
    Platte River Equity ("Platte River") announced today that Brian Klaban has joined the firm as Director of Business Development and Debt Capital Markets. In this position, he will lead Platte River's sourcing, marketing and business development efforts as well as support the broader investment team on debt financings.
  • Titan Machinery Announces Entry into New Amended and Restated Credit Agreement
    April 7, 2020
    Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a new five-year Amended and Restated Credit Agreement, maturing April 2025, arranged by Bank of America, with a syndicate of lenders consisting of Bank of America, Wells Fargo Bank, Regions Bank, BBVA USA, AgCountry Farm Credit Services, and Sterling National Bank.
  • Houlihan Lokey Hires Industry Veteran to Lead Its Transaction Advisory Services Practice
    April 7, 2020
    Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Sean Murphy has joined its Financial and Valuation Advisory business to lead its Transaction Advisory Services practice. He is based in Dallas. Mr. Murphy joins following more than two decades at KPMG, where he was a Principal in the firm’s Deal Advisory group with oversight of both global and domestic transaction-related engagements in connection with mergers, acquisitions, and dispositions.
  • Alleon Announces $2,400,000 Medical Accounts Receivable Financing for MSO
    April 7, 2020
    Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,400,000 medical accounts receivable financing facility with a Management Service Organization (“MSO”) in California.
  • Gerber Finance Inc. Funds $1 Million Line of Credit to Cook San Francisco LLC DBA Nona Lim
    April 7, 2020
    Nona Lim headquartered in Oakland, CA, is a manufacturer of Asian comfort foods made with clean, non-GMO ingredients. The company was founded in 2014 to help bring healthy, slow-simmered bone broths with healing Asian herbs and fresh rice noodles to North American consumers.
  • SFNet Petitions SBA to Modify Interim Final Rule to Include Lender Eligibility Under PPP
    April 7, 2020
    SFNet, in alignment with the International Factoring Association and Equipment Leasing and Finance Association has petitioned the Small Business Administration and Department of the Treasury to amend its Interim Final Rule prohibiting financial services companies from participating in the Paycheck Protection Program under the CARES Act.
  • Business Capital Adds Senior Executive to Team
    April 6, 2020
    Business Capital (BizCap®), a leading commercial finance and advisory firm, is expanding its team with the addition of Matt Christensen as senior vice president, team lead. He will play a central role assisting the capital markets and credit teams in expanding coverage and service to clients, working with partners to structure and deploy commercial financing and restructuring solutions for small to mid-sized businesses, as well as helping to build and manage the firm’s deep network of relationships.
  • John Todd (JT) Joins SG Credit Partners
    April 6, 2020
    SG Credit Partners (“SGCP”) announced today the hiring of John Todd (“JT”) as a managing director in Chicago, IL. In this role, JT will lead SGCP’s Midwest coverage efforts and will be responsible for originating and closing structured cash flow, technology/recurring revenue, and special situation credit facilities
  • Wingspire Capital Hires David Phillips as Managing Director
    April 6, 2020
    Wingspire Capital Holdings (“Wingspire” or the “Firm”) today announced that David Phillips has joined the Firm as Managing Director in the Atlanta office. In this role, Mr. Phillips will be responsible for business development activities in the Southeast and Texas. Mr. Phillips brings to Wingspire over three decades of origination and business development experience in asset-based lending.
  • Tengram Capital Partners Announces Closing of High Ridge Brands’ Haircare and Skin Cleansing Assets
    April 6, 2020
    Tengram Capital Partners (“Tengram”) announced today that it has closed on the acquisition of the hair care and skin cleansing business of High Ridge Brands Co. (“High Ridge” or the “Company”), establishing a new platform investment for Tengram in a consumer-focused hair and skin category. Tengram partnered with Hilco, Inc., an affiliate of Hilco Global to acquire the Company.
  • Save A Lot Announces Successful Completion of Business Recapitalization
    April 6, 2020
    PJ SOLOMON served as financial advisor to Save A Lot, FTI Consulting served as restructuring advisor and Latham & Watkins LLP served as legal counsel. Halsey Lane Holdings, LLC served as an advisor to the Board of Directors of Save A Lot. Alix Partners served as restructuring advisor to Save A Lot’s term loan lenders, and Davis Polk & Wardwell LLP served as legal counsel.
  • GM Adjusts Plans for Refinancing $16.5 Billion in Revolving Loans, Report Says
    April 6, 2020
    COVID-19 pandemic affects markets, according to a Reuters report. The company originally discussed extending maturities on its $16.5 billion credit facilities with banks in early March, according to the report. But instability caused by the pandemic has impacted liquidity concerns for both the company, and for banks.
  • Pier 1 Imports Asks Bankruptcy Court to Let it Skip Rent Payments
    April 6, 2020
    Retailers both in and out of bankruptcy court are informing landlords that they’re cutting or withholding rents as customers shelter at home and states order most merchants to close.
  • Under Armour Issues Updates on Coronavirus & Restructuring
    April 6, 2020
    Under Armour, Inc. UAA further detailed actions to cope with challenges tied to the coronavirus pandemic. In view of heightened uncertainty, the company called off first quarter and 2020 view as well as informed that its stores, which have been closed effective Mar 16, will remain shut till further notice. It had earlier issued a cautionary statement that the coronavirus outbreak in China is likely to hurt first-quarter 2020 sales. Additionally, management issued updates on its restructuring efforts to strengthen financial position.
  • Village Farms International Announces Completion of Pure Sunfarms' Expanded Credit Facility with Existing Lender for up to $59 Million
    April 6, 2020
    Village Farms International, Inc. ("Village Farms" or the "Company") (TSX: VFF; NASDAQ: VFF) today announced its majority-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, has satisfied all pre-conditions and completed its previously announced expansion of its credit facility with its existing lender to $59 million , including accordion provisions of $22.5 million . (All figures are in Canadian dollars.)
  • Workday Gets $750 Million Term Loan Facility
    April 6, 2020
    Workday Inc. disclosed in a Monday filing that it received a term-loan facility of $750 million and a revolver of $750 million on April 2. The company had an outstanding term loan of $500 million as of April 2, the company said in its filing. Workday shares are up 4% in premarket trading Monday.
  • Lendio Launches Paycheck Protection Program Loan Application for Small Businesses
    April 6, 2020
    Hundreds of financial institutions across the U.S. are using Lendio’s streamlined digital application to facilitate COVID-19 relief funds for their small business clients Lendio, the nation’s leading small business loan marketplace, today announced the launch of an online application for small business owners to access the $349 billion in government funds set aside for the Paycheck Protection Program (PPP).
  • U.S. Well Services Finalizes Amendment to Senior Secured Term Loan and $21 Million Sale of Convertible Preferred Stock
    April 6, 2020
    Simmons Energy, A Division of Piper Sandler, acted as exclusive financial advisor to the Special Committee of the Board of Directors for U.S. Well Services, Inc.

 

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