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

  • North Mill Capital Provides $7 Million to Phoenix Textile Corporation
    February 3, 2020
    Phoenix Textile is a distributor of textiles, sheets, linens and interiors to residential, hospitality, government institutions and healthcare facilities across the country. The family-owned and operated company has been in business since 1983 and is headquartered in Missouri.
  • Celtic Capital Corporation Provides $1.4 Million for California-based Company
    February 3, 2020
    Celtic Capital Corporation today announced its most recent new client relationship – a California-based company that sells fresh and frozen seafood to wholesale and retail customers.
  • Atlantic Power Corporation Announces Amendment to Credit Facilities
    February 3, 2020
    Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced that on January 31, 2020, it executed an amendment to its credit facilities, consisting of the $380 million senior secured term loan ("Term Loan") and the $200 million senior secured revolving credit facility ("Revolver"). Both the Term Loan and the Revolver are at the Company's APLP Holdings Limited Partnership ("APLP Holdings") subsidiary.
  • Ultimate Finance Launches Structured Finance Proposition
    February 3, 2020
    Specialist asset-based lender, Ultimate Finance, is today announcing the launch of its Structured Finance proposition providing a streamlined solution for UK businesses to release working capital and invest in their growth. Structured Finance from Ultimate Finance will enable introducers to connect their clients to tailored, multi-asset funding solutions of between £350k and £5 million against several assets simultaneously, such as unpaid invoices, plant and machinery, and property.
  • Mount Logan Capital Inc. Renews Financing Facility
    February 3, 2020
    Mount Logan Capital Inc. (NEO:MLC) (“Mount Logan” or the “Company”) is pleased to announce that it and its wholly-owned subsidiary Great Lakes Senior MLC I LLC (“MLC Subsidiary”) have entered into an amendment (the “First Amendment”) to its existing facility and security agreement (the “Facility Agreement”) with a subsidiary of Global Atlantic Financial Group, as initial lender, those persons who from time to time become lenders pursuant to the Facility Agreement (collectively, the “Lenders”), as lenders, and U.S. Bank National Association, as administrative agent, custodian, collateral agent and collateral administrator.
  • TPG Specialty Lending, Inc. Increases and Extends Its Revolving Credit Facility
    February 3, 2020
    The Facility was led by SunTrust Robinson Humphrey, JPMorgan Chase Bank, N.A. and MUFG Union Bank, N.A. as joint lead arrangers and includes a total of 20 bank participants. The accordion feature, which would allow the Company, under certain circumstances, to upsize the Facility has also increased from a maximum of $1.50 billion to $1.75 billion. Pricing and advance rates under the Facility remain unchanged.
  • Anthony Saitta Joins FTI Consulting to Lead Executive Compensation & Corporate Governance Practice
    January 30, 2020
    FTI Consulting, Inc. (NYSE: FCN) today announced that Anthony Saitta has joined its Real Estate Solutions industry group as a Managing Director and will lead the Executive Compensation & Corporate Governance practice.
  • Gordon Brothers Announces Expanded Role for Managing Director
    January 30, 2020
    Gordon Brothers, the global advisory, restructuring, and investment firm, announced the expansion of Managing Director Rick Wilichowski’s role to include oversight of the Valuations Division’s Equipment Finance, Asset Management, and Mobile Modular sales functions.
  • Wings Capital Partners LLC Announces Closing of $125,000,000 Term Loan
    January 30, 2020
    Wings Capital Partners LLC (“Wings”) announced the successful closing of a secured term loan collateralized by a 777-200LRF on lease to Korean Airlines. The three-tranche financing has a maturity coterminous with the lease tenor and was provided by a syndicate of financial institutions including Barings, Nord LB, Bayern LB, and Investec.
  • Griffon Corporation Announces New Credit Facility
    January 30, 2020
    Bank of America acts as administrative agent under the New Credit Facility, which provides for revolver borrowings in an aggregate principal amount of up to $400 million, and contains a $100 million letter of credit sub-facility (increased from $50 million), and a $200 million foreign currency sub-facility (increased from $100 million). The New Credit Facility also has a $100 million accordion feature (increased from $50 million), exercisable if new or existing lenders agree to provide or increase their commitments.
  • SunOpta Enters Into an Extension of Its $360 Million Revolving Asset-Based Credit Facility
    January 30, 2020
    The credit facility contains customary covenants and borrowing availability requirements. The facility is provided by a syndicate of banks, including Bank of America, N.A., Rabobank Nederland, Canadian Branch, Bank of Montreal, JP Morgan Chase Bank, N.A., and Wells Fargo Bank, National Association.
  • CrowdOut Capital Provides Term Loan and Growth Facility to Wild Wing Cafe
    January 29, 2020
    CrowdOut Capital LLC, a pioneering non-bank lender for middle-market companies, today announced the completion of a term loan and a delayed draw growth facility to Wild Wing Cafe. Founded in Hilton Head, Wild Wing Cafe owns and operates a successful restaurant franchise with 44 system-wide restaurants (16 corporate, 28 franchised) across nine states, predominately across the Southeast.
  • CIFC Strengthens High Yield Capabilities With Experienced Team Led by Jason Horowitz as Head of U.S. High Yield Bond Investments
    January 29, 2020
    CIFC LLC (“CIFC”), a leading alternative credit specialist serving institutional investors globally, today announced that it has appointed Jason Horowitz as Head of U.S. High Yield Bond Investments to lead the expansion of CIFC’s high yield investment business. In this new role, Mr. Horowitz is supported by seasoned high yield investment professionals, Managing Director Brandon Hole and Executive Director Eric Seiden. Mssrs. Horowitz, Hole and Seiden join CIFC from Millennium Management and are based in New York.
  • Comtech Telecommunications Corp. to Acquire Gilat Satellite Networks for $532.5 Million in a Strategic and Cash Accretive Transaction
    January 29, 2020
    Comtech expects to fund the acquisition and related transaction costs by redeploying a portion of the $100.0 million of pro forma combined cash and cash equivalents plus additional cash expected to be generated prior to closing, and by drawing on a new $800.0 million secured credit facility to be provided by Citibank, N.A., Manufacturers and Traders Trust Company (“M&T Bank”), Santander Bank, N.A., BMO Harris Bank, N.A. (“Bank of Montreal”), Regions Bank, Israel Discount Bank of New York and Goldman Sachs Bank USA.
  • SG Credit Partners Provides $4.0 Million to Midwestern Mechanical Contractor
    January 29, 2020
    SG Credit Partners teamed up with CapitalPlus Construction Services to provide a $13.0 MM structured factoring facility based on the Company’s strong ownership group, diversified customer base, and leverage profile.
  • TAB Bank Expands West Coast Presence With the Launch of a Los Angeles Loan Production Office (LPO)
    January 29, 2020
    TAB Bank announced today the launch of a Los Angeles Loan Production Office (LPO) to better serve its new and existing clients in the Western Region. TAB Bank has promoted Brett Horwitz to Managing Director and Head of Originations-Western Region and promoted Traci Crabtree to serve as Western Regional Underwriting Manager.
  • Luis Massiani Promoted to President of Sterling National Bank
    January 29, 2020
    Sterling Bancorp (NYSE: STL) today announced the promotion of Luis Massiani to President of Sterling National Bank. In addition to maintaining his role as Chief Financial Officer of Sterling Bancorp and Sterling National Bank, Mr. Massiani will lead all finance, bank operations and consumer banking functions.
  • White Oak ABL, LLC Provides $75MM Asset-Based Credit Facility to Hunt & Sons, Inc.
    January 29, 2020
    White Oak ABL, LLC ("White Oak"), an affiliate of White Oak Global Advisors, announced today it closed a $75MM asset-based credit facility with Hunt & Sons, Inc., a third-generation, family-owned diversified petroleum products distributor.
  • Hedaya Capital Group Announces the Completion of a $750,000 Factoring Facility for a Candle Company; Manufacturing in the United States
    January 29, 2020
    The Hedaya Capital Group, Inc. is pleased to announce a $750,000 factoring facility for a candle manufacturer based in the mid-west. The Company manufactures and wholesales: tealight, votive, pillar, taper, dinner, and filled candle products and distributes them to online, specialty, and retail store chains throughout the United States.
  • Oxford Finance Closes Credit Facility with Impact Advisors
    January 28, 2020
    Oxford Finance LLC (“Oxford”), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a senior credit facility to Impact Advisors (“the Company”), a leading provider of clinical, revenue cycle and information technology advisory services to the healthcare industry. Concurrently, the Company entered into a strategic partnership with Chicago Pacific Founders (“CPF”), an investment firm exclusively focused on healthcare services and caring for aging populations. Oxford is the sole lead arranger and administrative agent in this transaction.