- Sallyport Commercial Finance Provides $2MM Factoring Facility to Canadian Printing Company
- Conduit Power and Eldridge Announce $200 Million Equipment Financing Facility
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- United Capital Funding Issues $15.45MM in Total Credit Facilities in Q1 2026
- Brown Plus Expands Advisory Services with Chief Information Officer Outsourcing
TSL Express Daily Articles & News
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PNC Announces Agreement To Buy BBVA USA Bancshares, Inc.
The PNC Financial Services Group, Inc. (NYSE: PNC) and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE and MAD: BBVA) today announced that they have signed a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion to be funded with cash on hand in a fixed price structure.
BBVA USA Bancshares, with $104 billion in assets and headquartered in Houston, Texas, provides commercial and retail banking services through its banking subsidiary BBVA USA and operates 637 branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. When combined with PNC's existing footprint, the company will have a coast-to-coast franchise with a presence in 29 of the 30 largest markets in the U.S.
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TSL Express Daily Headlines & News
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Hilco Global Report on Retail Reinforces Concerns About Fourth Quarter Sales Slowdown in Wake of China Tariff Concerns
August 26, 2019Retailers Face Tough Decisions as China Tariff Pressures Mount, authored by Tim Anderson, Sr. Vice President of Hilco Valuation Services/Retail Appraisal Operations, examines the distinct challenges now facing U.S. retailers, the actions those retailers are taking in the face of trade uncertainty, and how asset-based lenders should be thinking about their retail portfolios during this time period.
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MidCap Business Credit Closes on a Credit Facility for Long Falls Paperboard, LLC
August 26, 2019Headquartered in Brattleboro, VT, Long Falls is manufacturer of specialty fiber based paperboard.
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
August 26, 2019July New Business Volume Up 15 Percent Year-over-year, Down 5 Percent Month-over-month and Up 3 Percent Year-to-date
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Sydney J. Darling Named TMA 2019 Emerging Leader
August 26, 2019The Turnaround Management Association (TMA) has selected Walsh Partner Sydney J. Darling as the recipient of their 2019 Emerging Leader Award. The peer‐nominated award recognizes a professional each year who brings vibrancy and energy to volunteer organizations, with innovative perspectives and fresh ideas, and honors their contribution to TMA Global.
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CES Energy Solutions Corp. Announces an Extension and Amendment to Its Syndicated Credit Facility
August 26, 2019Led by The Bank of Nova Scotia as Agent and a syndicate including Wells Fargo Bank, ATB Financial, and The Toronto-Dominion Bank, the Credit Facility consists of a Canadian Syndicated Revolving Facility of C$150.0 million, a Canadian Operating Facility of C$20.0 million, a U.S. Revolving Facility of US$50.0 million, for a total facility size of approximately C$ equivalent $236.0 million.
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Newbridge Expands Product Offering
August 22, 2019Newbridge Global Sourcing (Newbridge), an alternative capital provider, has expanded its service offering to include Accounts Receivable Financing and Asset-Based Lending in response to market need. With complementary products, Newbridge offers clients maximum funds available while helping clients improve supplier relationships.
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Crestmark Provides More Than $23 Million in Commercial Financing to 88 Businesses in the First Half of August
August 22, 2019Crestmark secured a total of $850,000 in ABL financial solutions for three new clients; Crestmark Equipment Finance provided $7,328,266 in five new lease transactions; Crestmark Vendor Finance provided $9,442,735 in 79 new lease transactions; and the Government Guaranteed Lending Division provided $5,393,000 in financing for two new clients in the first half of August.
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Citizens Commercial Banking Appoints New SVP of Retail Finance Group
August 22, 2019Bringing more than 20 years of financial services experience to his new role, Shanahan joins Citizens from Wells Fargo Capital Finance, where he was a Director in the Retail Finance Group.
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Monroe Capital Provides $50 Million Credit Facility to KushCo Holdings, Inc.
August 22, 2019Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on a $50 million senior secured revolving credit facility to support working capital, organic growth and potential acquisitions for KushCo Holdings, Inc. (the “Company”).
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All Avenue Stores Retail Locations Are Closing
August 22, 2019AVENUE Stores, LLC, on Friday August 16, 2019, filed for Chapter 11 reorganization and authorized store closing sales by a joint venture of Gordon Brothers and Hilco Merchant Resources have commenced.
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Antares Leads Recapitalization and Provides Growth Capital for Digital Media Company, Tinuiti
August 22, 2019Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to refinance existing debt and to provide additional capital to support the continued growth of Mountaingate Capital’s Tinuiti.
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DRB Financial Solutions Closes First $150 Million of $300 Million Financing
August 22, 2019DRB Financial Solutions, LLC (DRBfinancial.com) and its wholly-owned subsidiary DRB Capital, LLC are pleased to announce that they have closed on the first $150M of a planned $300M term financing facility for their structured settlement and annuity payment stream programs.
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Four M&H Attorneys Named to Best Lawyers in America 2020 List
August 21, 2019The law firm of Moritt Hock & Hamroff LLP with offices on Long Island and in Manhattan is pleased to announce that David H. Cohen (a partner of the firm), Andrew B. Eckstein (counsel to the firm), Robert M. Finkel (a partner of the firm) and Henry L. Goldberg (a partner of the firm) have been selected for inclusion in the 2020 Edition of Best Lawyers®.
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Crestmark Equipment Finance Welcomes Rick Pierman as Senior Vice President, Strategic Operations
August 21, 2019Crestmark is pleased to announce the return and appointment of Rick Pierman as senior vice president, strategic operations to its equipment finance division. Based in Troy, he will report to Crestmark Equipment Finance Chief Operating Officer and General Counsel Jim Recker.
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Gibraltar Steps In With $13MM To Support Home Furnishings Company’s Turnaround
August 21, 2019A turnaround consultant called in Gibraltar when his client’s bank proved less flexible than necessary while certain business improvements were in process. Gibraltar was able to respond with a $13 million asset-based line of credit to help the company move through the transition.
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Siena Lending Group LLC Announces the Closing of a $5.5 Million Credit Facility for Amfuel, LLC
August 21, 2019Siena Lending Group LLC (“Siena”) announces the closing of a $5.5 million asset-based credit facility for Amfuel, LLC (“Amfuel”), which is scalable up to $8.0 million during the three year term.
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Great Rock Capital Closes CAN $45 Million Senior Secured Term Loan with Oculus Transport, LTD
August 21, 2019The new capital will fuel the growth of an industry leading Canadian oilfield transport and logistics company, progressing their efforts to surpass the expectations of customers while managing the unique environmental challenges that arise in their industry.
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NXT Capital Provides Credit Facility to Support Tenex Capital Management’s Acquisition of Big Bolt
August 21, 2019NXT Capital acted as the Joint Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
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Amherst Partners Promotes Fahad Siddiqui to Vice President
August 21, 2019Amherst Partners is pleased to announce the promotion of Fahad Siddiqui to the role of Vice President in the Investment Banking practice.
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OneWest Bank Launches New Promotion Supporting Local Small Businesses
August 21, 2019OneWest Bank, CIT's Southern California retail bank division, today announced a new small business banking promotion for both new and established businesses across Southern California. Business banking customers can earn up to $600 by opening an eligible checking account, savings account and by financing equipment for their business.
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