- Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
- TPG Collects $6.2 Billion for Bespoke Private-Credit Deals
- Westwood Financial Expands Corporate Credit Facility By $145 Million To $470 Million Total
- SFNet Market Pulse
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
TSL Express Daily Articles & News
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CIT Serves as Sole Lead Arranger of $56 Million Financing for Container Ships
CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC.
The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client. Seamax currently operates a fleet of 12 modern containerships in major trade lines worldwide.
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TSL Express Daily Headlines & News
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Winter Harbor Appoints New Managing Director and Manager
January 22, 2020Winter Harbor LLC is pleased to announce the promotion of Jeff Horine to managing director and Nicholas Vara to manager. Shaun Martin, managing partner and founder of Winter Harbor comments, “Our directive is to meet the evolving demands of our clients, while maintaining a high-level of professionalism. Having Jeff and Nicholas step into their new roles at Winter Harbor allows us to continue to provide comprehensive solutions to our clients and their constituents.”
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Bibby Financial Services North America Kicks Off 2020 with Funding to New Clients
January 22, 2020Bibby Financial Services (BFS) North America extended a $2M ABL line to a manufacturing company. The client is a manufacturer of single and multiple-part continuous computer paper and custom business forms.
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Siena Lending Group LLC Announces The Closing of $76 Million in New Credit Facilities During the Fourth Quarter of 2019
January 22, 2020Siena Lending Group LLC (“Siena”) announces the completion of seven new transactions exceeding $75 million in credit facilities during the fourth quarter of 2019. Siena’s new healthcare finance business closed two of those transactions.
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Commercial Finance Partners Announces Record 2019 for SBA Loan Origination
January 22, 2020Commercial Finance Partners is pleased to announce that is set a new record in 2019 by facilitating over $117,000,000 in new SBA loans for 2019.
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Axiom Bank N.A. Appoints Susan Maurer as SVP, Market Executive
January 22, 2020Axiom Bank N.A., a Maitland-based, leading community bank, recently named Susan Maurer as SVP, Market Executive. In this role, Maurer will develop relationships with Axiom’s commercial partners and create opportunities for growth in the Tampa Bay area.
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A&M’s Global Transaction Advisory Group Appoints Jonathan Nus as a Managing Director with Its Capital Markets and Accounting Advisory Group
January 22, 2020Leading professional services firm Alvarez & Marsal (A&M) announced the appointment of Jonathan Nus as a Managing Director in its Global Transaction Advisory Group (TAG) in New York. Mr. Nus is the latest U.S.-based hire as part of TAG’s significant talent expansion over the last year. As part of TAG’s Capital Markets and Accounting Advisory group, Mr. Nus will advise clients on complex, technical accounting and reporting matters and capital markets transactions. His appointment demonstrates A&M’s continued commitment to servicing evolving client needs.
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BMO Harris Bank Announces Two New Vice Chair Roles
January 22, 2020BMO Harris Bank announced today the hiring of two Vice Chairs, Eric Smith and Michael Morton. Both Morton and Smith will report directly to David Casper, U.S. CEO, BMO Financial Group. Both Morton and Smith will be actively focused on business development, working with customers and all of our constituencies across BMO's lines of business, while also enhancing BMO's brand, market presence and customer experience.
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Demica Closes $30 Million Financing Round to Accelerate Investment in New Platform Features and Functionality
January 22, 2020Today Demica, one of the world’s largest working capital Fintechs, announced that it has successfully closed a US$30 million Series C financing round led by Simcah Management LLC.
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Maxim Commercial Capital Funded 664 Transactions in 2019
January 22, 2020Maxim Commercial Capital (“Maxim”) announced today it finished 2019 with the busiest December in the company’s eleven-year history and funded 664 loans to small and mid-sized businesses (“SMBs”) during the year. Maxim lends $10,000 to $3,000,000 secured by heavy equipment and real estate to facilitate asset purchases, enhance working capital and to refinance expensive short term debt.
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SMB Compass Announces $5 Million Asset-Based Revolver for Specialty Pharmacy
January 22, 2020This transaction took 72 days from start to finish and included coordination with an incumbent bank, suppliers, field auditors, attorneys, accountants, and software providers. SMB Compass replaced a multi-year banking relationship with a growth facility that will enable its client to expand into new markets, hire additional employees, and achieve their revenue targets. Gemino Healthcare Finance provided the client with certainty of execution, and ultimately delivered.
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Greystone Adds Donika Schnell as Senior Healthcare Relationship Manager in Los Angeles
January 21, 2020Greystone, a leading national commercial real estate lending, investment, and advisory company, announced that Donika Schnell has joined as a Managing Director based in Los Angeles, California. In her role at Greystone, Ms. Schnell will be working closely with healthcare facility owners to provide them with debt and other capital solutions, including bridge financing, FHA loans, Agency loans and JV equity.
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BHI Food & Beverage Group Provides Financing for White Toque
January 21, 2020BHI, a full-service commercial bank, announced that its Food & Beverage Group has arranged a $16.5 million credit facility for White Toque, a leading importer and distributor of European specialty fine foods. With this financing, BHI’s new F&B Group, which launched last year, originated over $100 million in credit facilities across various F&B categories in 2019.
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CIT Leads Financing for Clearway Solar Energy Portfolio
January 21, 2020The financing was arranged on behalf of Clearway Energy Group, one of the largest developers and operators of clean energy generation facilities in the U.S. The portfolio consists of 76 megawatts of generation capacity across 21 projects located in Illinois, Massachusetts, Minnesota and New York State.
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Bladex Leads Successful Syndication of a US$110 Million 7-Year Senior Secured Amortizing Term Loan for Favorita (Ecuador)
January 21, 2020Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank";NYSE: BLX) announced the closing of a US$110 million, seven year, syndicated loan in favor of Favorita Fruit Co. Ltd. ("Favorita"), a leading Ecuadorian agribusiness conglomerate with diversified business activities including bananas, dairy, and fertilizers. Bladex acted as Sole Lead Arranger and Bookrunner of the transaction and will be acting as the Administrative and Collateral Agent.
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JPMorgan Targets Mid-size Companies in Japan Expansion
January 21, 2020The bank said it hired Shotaro Akita to lead the CCBSI group and also the commercial bank in Japan. Working with Akita are Toshiyuki Okuyama and Masato Sato, who will serve as senior bankers on the team, and Hideki Hiramatsu, who will handle treasury services. Hiramatsu joins JPMorgan from Standard Chartered Bank’s Tokyo Branch. Okuyama and Sato join the group from other positions within JPMorgan
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Portage Point Continues to Expand Performance Improvement & Restructuring Practice
January 21, 2020Portage Point Partners, LLC ("Portage Point"), a business advisory and interim management firm that partners with companies and their stakeholders to navigate complexity, transition and underperformance, announced today that it has recently added Jeff Gasbarra and Alyssa Lozynski. These additions provide further depth to support Portage Point's growing client base and closely follow the hiring of Joseph Shannon and Charles Wiltgen.
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LBC Small Cap Supports the Acquisition of TalentSmart, Inc.
January 21, 2020LBC Small Cap, an affiliate of LBC Credit Partners, provided senior secured credit facilities and an equity co-investment to support the acquisition of TalentSmart, Inc. by Seaside Equity Partners. LBC Small Cap served as Agent and Sole Lead Arranger for the senior secured credit facilities.
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Abacus Finance Provides Senior Debt Financing to Support the Recapitalization of Custom Wheel House, LLC by Thompson Street Capital Partners
January 21, 2020Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced that it served as Administrative Agent and Sole Lender for senior secured credit facilities to support the recapitalization of Custom Wheel House, LLC (CWH) by Thompson Street Capital Partners. Abacus also made an equity co-investment in CWH.
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BlackArch Partners Announces Promotion of P.J. Martin and Ches Riley to Managing Director
January 21, 2020BlackArch Partners, a leading middle-market investment bank, is pleased to announce that P.J. Martin and Ches Riley have been promoted to Managing Director. Mr. Martin joined BlackArch in 2014 and has over fourteen years of experience executing middle-market investment banking transactions, with a particular focus on the industrials sector.
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MUFG Grows Leveraged Finance Business with Hire of Timothy Fischer as Head of U.S. Sales
January 21, 2020Based in New York, Mr. Fischer will begin on January 21 and report to John Karabelas, MUFG's Head of Institutional Investor Sales in the Americas. In this newly created role, Mr. Fischer will be responsible for leading distribution of leveraged loans and high-yield bonds in partnership with the bank's Capital Markets team.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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