TSL Express Daily Articles & News
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Encina Business Credit Provides $75 Million Revolving Credit Facility to Leading Global Provider of Government & Business Services
Encina Business Credit, LLC announced today that it has provided a $75 million senior secured revolving credit facility to a leading global provider of risk management and operational support services to government and commercial clients.
The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to refinance existing debt and provide ongoing working capital financing.
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TSL Express Daily Headlines & News
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Clark Joins Old Second Bank
July 29, 2019Donald J. Clark of Chicago has been named Senior Vice President, Commercial Banking, with Old Second National Bank, operating from the Chicago—Loop location
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Wells Fargo Names new Alabama Commercial Banking Executive
July 29, 2019Hans Sitarz has been chosen to lead commercial banking operations in Alabama and Mississippi for Wells Fargo.
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Larry S. Reed Hired as Senior Vice President for Community Development and External Affairs for California Market
July 29, 2019He replaces Don Kincey, Senior Vice President, who retired from Comerica after working for 20 years at the bank.
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International Game Technology PLC Announces Amendment And Extension Of Revolving Credit Facilities And Amendment Of Term Loan Facility
July 29, 2019International Game Technology PLC (IGT) ("IGT") announced that it has successfully amended and extended its multicurrency revolving credit facilities and amended its term loan facility.
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Crown Capital Partners Acts as Agent for Concentra Bank in Senior Loan Facility
July 29, 2019Crown will provide investment management services for Concentra's $20 million investment in a syndicated senior secured credit facility.
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SITE Centers Refinances $950 Million Revolving Credit Facility and Increases Unsecured Term Loan Facility
July 29, 2019Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. served as Joint Bookrunners, JPMorgan Chase Bank, N.A. served as Administrative Agent, and Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association served as Joint Lead Arrangers.
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Amerisource Closes $1,000,000 Credit Facility for Manufacturing Company
July 29, 2019Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a precision parts design and manufacturing company based in New York.
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Barneys Considers Bankruptcy Financing Plans With Wells Fargo
July 25, 2019Barneys New York Inc. is in talks with existing lenders including Wells Fargo & Co. about a new loan to keep the luxury clothing store in business if it decides to file for bankruptcy.
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Banner Corporation to Acquire California-Focused AltaPacific Bancorp
July 25, 2019Banner Corporation (NASDAQ: BANR) together with AltaPacific Bancorp (OTCBB: ABNK), announced they have entered into a definitive agreement for AltaPacific Bank to merge with, and into, Banner Bank to expand the Bank’s presence in California.
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Rothschild & Co Hires Two New Managing Directors and Establishes Infrastructure, Power & Renewables Group in North America
July 25, 2019Markus Pressdee appointed Head of Infrastructure, Power & Renewables in North America. Steven Berger joins the firm’s Financial Institutions Group sector team.
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Antares Leads Financing to Support Quad-C’s Investment in Boulder Scientific Company
July 25, 2019Antares announced today that it served as joint lead arranger and is acting as administrative agent for a senior secured credit facility to support Quad-C Management, Inc.’s (“Quad-C”) investment in Boulder Scientific Company (“Boulder Scientific”), a specialty chemical company.
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Bridge Bank Welcomes Ryan Dammeyer as Region Leader, Technology Banking Group
July 25, 2019Plans New Office in Chicago, Furthering its National Expansion
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Global Bank Ratings Are Skewing Negative
July 25, 2019The outlook on bank ratings has become more negative. Fitch Ratings’ bank ratings report published today shows that bank negative rating outlooks rose sharply this year. The global share of its bank Negative Outlooks rose to 17% at the end of the first half of 2019, from 13% at end-2018
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CAN Capital Welcomes John McNeill, New Chief Financial Officer
July 25, 2019CAN Capital, a leading provider of small business working capital loans, is pleased to announce the hiring of John McNeill as its new Chief Financial Officer (CFO).
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2Q 2019 Middle Market Indicator Reports 8.5% Revenue Growth
July 25, 2019Halfway through 2019, growth in the middle market is decidedly strong. Year-over-year revenue growth remains high at an 8.5% rate, with more than three-quarters of firms (77%) reporting gains over the past 12 months.
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275 Volunteer Projects Completed During CIT Cares Month
July 25, 2019Throughout June, 275 community projects were completed by 1,700 CIT employees who contributed 6,400 volunteer hours nationwide to make a difference.
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MidFirst Business Credit (MBC) Announces The Hiring of Kevin Poff
July 25, 2019MidFirst Business Credit (MBC) is pleased to announce that Kevin Poff has joined its team as a business development officer in Nashville, Tennessee.
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Alleon Provides $5,000,000 Line of Credit to Four Texas Skilled Nursing Facilities Taking Them Out Of Bankruptcy
July 25, 2019The Company operates four skilled nursing facilities in Texas and is focused on the individual who needs healthcare services after his/her hospital stay.
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DW Healthcare Partners Raises Fifth Fund with $610 Million of Capital Commitments
July 24, 2019The fund was oversubscribed and met its cap of USD $610 million in total capital commitments. This brings DW Healthcare Partners' total capital under management to USD $1.43 billion.
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OnDeck Taps Bank Veteran to Lead ODX Sales and Strategy; BBVA USA Veteran Lonnie Hayes Joins New Business Unit Serving Banks
July 24, 2019OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Lonnie Hayes as the Head of Sales and Strategy for ODX, a wholly owned subsidiary of OnDeck that assists banks with streamlining and digitizing small business credit origination.
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