- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$2.5M -Contemporary Fashion Brand
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$15M - Clean Skincare
- JLL Income Property Trust Closes New $1 Billion Credit Facility
- Loeb Moves With Speed to Provide a Metal Processing Company With $1.2M in Equipment Financing
- Varex Announces Successful Completion of Debt Refinancing
TSL Express Daily Articles & News
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Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington's Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington's merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.
Mike Jones, President & COO of TCF Bank, also will join Huntington's Executive Leadership Team as Senior Executive Vice President. Jones will be Huntington's senior executive and community leader in Minnesota and Colorado as Chair for Minnesota and Colorado. He will be responsible for the strategic growth and expansion of Huntington in these critical markets, as well as for deepening Huntington's commitment to invest in local communities.
Mike Jones, President & COO of TCF Bank, also will join Huntington's Executive Leadership Team as Senior Executive Vice President. Jones will be Huntington's senior executive and community leader in Minnesota and Colorado as Chair for Minnesota and Colorado. He will be responsible for the strategic growth and expansion of Huntington in these critical markets, as well as for deepening Huntington's commitment to invest in local communities.
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Maxim Commercial Capital Funded 250 Businesses in 1Q 2020
April 14, 2020Maxim Commercial Capital is pleased to announce it funded hard asset-secured financings for 250 small and mid-sized businesses (SMBs) during the first quarter of 2020. With the onset of the COVID-19 pandemic, Maxim adapted quickly to safer-at-home working conditions for its 30+ team members. Maxim lends $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.
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Gordon Brothers Announces Launch of COVID-19 Industry Brief
April 13, 2020Gordon Brothers, the global advisory, restructuring, and investment firm, announced today the launch of its Industry Brief, which can be found on the COVID-19 Resource Hub at www.gordonbrothers.com/covid-19. Gordon Brothers’ Industry Brief gives an up-to-the-minute assessment of what the firm’s inventory, machinery and equipment, and intangibles experts see happening in multiple markets. The Industry Brief also comments on how values may be affected based on the most recent trends and events in the near, medium, and long term.
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KeyBank Names Greg Jones as Chief Diversity, Equity, and Inclusion Officer
April 13, 2020KeyCorp (NYSE: KEY) today announced that Greg Jones has been named Chief Diversity, Equity, and Inclusion Officer for the company. In this role, Greg will be accountable for leading the strategy and tactics to improve the acquisition, movement, development and retention of diverse talent and suppliers.
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Old Hill Partners Provides a $10 Million Credit Facility to HealthGrowth Capital
April 13, 2020Old Hill provided $10 million in the form of a senior secured revolving-to-term credit facility to HealthGrowth Capital, LLC, a leading direct lender to community pharmacies. The facility was secured by first lien perfected security interest in pharmacy loans.
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SierraConstellation Partners Hires Bill Partridge as Managing Director in Bay Area, Adds Staff Nationwide
April 13, 2020Merv Merzoug Joins as Director in New York City; Elizabeth Knapp Joins as Executive Assistant to Boston Office Leader Tom Lynch.
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Allied Affiliated Funding Announces Recently Closed Transactions
April 13, 2020Allied Affiliated Funding, a division of Axiom Bank, N.A. is pleased to announce the following recently closed transactions: $600,000 in receivables financing to a Texas-based company specializing in the recycle, repair, and resale of previously used electronics to wholesale and e-commerce customers and $1,500,000 in receivables financing to a Texas-based company providing inspection services for pipeline/rigs and consulting and training services to the oil and gas industry. .
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West Fraser Enters into $150 Million Committed Revolving Credit Facility and adopts Shareholder Rights Plan
April 13, 2020West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") announced today that it has obtained from a syndicate of lenders an additional $150 million committed revolving credit facility. This committed facility has a term of two years and is made available on substantially the same terms and conditions as the Company's existing syndicated revolving credit facility from certain lenders that are part of that syndicate. The facility can be used for general corporate purposes.
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Oak Valley Community Bank Hires Matt Morgado as Commercial Loan Officer
April 13, 2020Morgado brings over 25 years of commercial and agricultural banking experience to Oak Valley. In his role, he will be responsible for business development and relationship management in the greater Sacramento area.
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Pace Industries Reaches Agreement to Strengthen Its Balance Sheet, Announcing Plan to Position the Business to Realize the Full Benefit of Its Operational Improvements Following COVID-19
April 13, 2020Pace Industries, LLC ("the Company") today announced that it has reached an agreement with its senior secured lenders on the terms of a comprehensive financial restructuring plan, which will deleverage the Company's balance sheet. This agreement has support from 100% of the holders of its senior secured notes as well as its revolving credit facility lenders.
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LSC Communications Takes Action to Strengthen Its Liquidity and Improve Its Capital Structure Voluntarily Files for Business Reorganization under Chapter 11
April 13, 2020Sullivan & Cromwell LLP is serving as legal advisor, Evercore Group L.L.C. is serving as financial advisor and AlixPartners, LLP is serving as restructuring advisor to the Company.
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Crestmark Provides More Than $24 Million in Commercial Financing to 76 Businesses in the Second Half of March
April 13, 2020Crestmark secured a total of $13,900,000 in ABL financial solutions for eight new clients; Crestmark Equipment Finance provided $3,654,190 in five new lease transactions; Crestmark Vendor Finance provided $5,048,790 in 63 new lease transactions; and the Government Guaranteed Lending Division provided $1,420,000 in financing for one new client in the second half of March.
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Moody's - Coronavirus Stimulus Will Lessen Economic Pain, but Credit Climate Will Remain Difficult
April 13, 2020Financial assistance to vulnerable households and businesses will mitigate the economic and employment shock but will not prevent a severe downturn. Support to large companies will limit credit deterioration for certain issuers.
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Access Capital Finances Acquisition by Premier Healthcare Professionals
April 13, 2020Access Capital is pleased to share news of its latest transaction with its client, Premier Healthcare Professionals. Premier Healthcare Professionals (“Premier Healthcare”) is a provider of travel nurses and locum tenens doctors to hospitals and medical centers nationwide. Access Capital, which provides Premier Healthcare with a senior credit facility, funded a new term loan to Premier Healthcare for the purpose of acquiring another provider of travel nurses.
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Briar Capital Real Estate Fund Announces Closing of its Largest Loan to Date
April 9, 2020Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce the closing of its largest loan to date, a $14MM real estate term loan for a pipeline service provider to the midstream oil & gas industry located in Houston, TX.
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H&M Borrows More Than $1 Billion as Coronavirus Slams Business
April 9, 2020H&M is bulking up its liquidity buffer as the coronavirus continues to batter fashion players across the board. In a statement, the fast-fashion retailer announced it had secured a 980 million-euro, or nearly $1.1 billion, revolving credit facility to help cushion its business amid the pandemic, which has sickened more than 1.49 million people around the world and killed at least 87,400.
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Six Flags Increases Revolving Credit Facility to $481 Million to Provide Additional Liquidity and Financial Flexibility
April 9, 2020Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that certain of the company’s revolving credit lenders agreed to provide an incremental $131 million of revolving credit commitments to its senior secured revolving credit facility, increasing the facility from $350 million to $481 million.1
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Why Bankruptcy May Not Be the Best Option Now for Hollywood's Distressed Firms
April 9, 2020Just what can movie seats teach us about the economic impact of a health pandemic? Consider the Chapter 11 bankruptcy of VIP Cinemas Holdings, a multinational and the world’s largest manufacturer of luxury recliner seating for movie theaters.
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TAB Bank Provides Outdoor Products Company in Utah with an $8 Million Revolving Credit Facility
April 9, 2020TAB Bank is pleased to announce it has provided a $8 million asset-based revolving credit facility for an outdoor products company based in Utah. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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AT&T Secures $5.5B Term-Loan to Tackle Coronavirus Worries
April 9, 2020In light of the ongoing coronavirus pandemonium, AT&T Inc. T announced yesterday that it has secured a $5.5-billion term loan at competitive rates with 12 banks for additional financial flexibility to an already strong cash position. The company’s shares have moved up 2.2% in the last trading session. The Dallas, TX-based wireless carrier, which had almost $12 billion in cash in hand at the end of 2019, stated that the loans are pre-payable without penalty.
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Lassila & Tikanoja Signs a New Revolving Credit Facility
April 9, 2020Lassila & Tikanoja plc has signed a new revolving credit facility of EUR 30 million. The revolving credit facility will mature in the second quarter of 2022. The agreement includes a one-year extension option. The agreement was signed with Danske Bank.
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