- J.P. Morgan Names Ed Pyne Head of Syndicated Finance for Commercial Banking
- Deirdre Cronin Joins CohnReznick as Sales and Purchase Agreement Managing Director
- Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands-$12M - Haircare
- The LYCRA Company to Eliminate More than $1.2 Billion of Debt through Prepackaged Restructuring Process, Positioning Business for Long-Term Financial Stability and Growth
- Accord Financial Closes Sale of US Portfolio Assets
TSL Express Daily Articles & News
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Moritt Hock & Hamroff (MH&H) announced that two new attorneys joined the firm’s Creditors’ Rights, Restructuring & Bankruptcy practice group: Allison Arotsky and Michael C. Troiano. Each focusing in restructuring matters, Arotsky and Troiano will be adding to MH&H’s more than 40-year-long leadership role in the creditors’ rights sector.
Marc L. Hamroff, managing partner of MH&H, said, “We are delighted to build on our longstanding reputation and excellence in servicing the creditors’ rights, restructuring, and bankruptcy industry by adding two outstanding attorneys to our practice. Both Allison and Michael are expected to make an immediate positive impact on our services to our clients in these areas through their proven expertise, skills, and knowledge of bankruptcy law.”
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TSL Express Daily Headlines & News
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Senior Financial Executive Mark Fagnani Joins Clear Thinking Group
October 1, 2019Clear Thinking Group LLC announced today that Mark Fagnani has joined the firm as a Senior Managing Director. Mr. Fagnani has more than 30 years of hands-on experience working with large bank groups, private equity sponsors, turnarounds, workouts and insolvencies.
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CIT Bank Provides Nebraska Book Company New Credit Facility
October 1, 2019Nebraska Book Company (NBC) entered into a new five-year, asset-based loan facility with CIT Bank. Part of the proceeds will be used to replace its existing credit facility with Callidus Capital Corporation, which will mature in January 2020.
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Accord Financial Hires Irene Eddy as Senior Vice President, Capital Markets
October 1, 2019Irene will be a member of the executive leadership team at Accord, focusing on all aspects of capital markets, including sourcing, closing and managing financing relationships. She will be located in the firm's New York office
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Hamilton Thorne Announces US$7.5 Million Line of Credit
October 1, 2019Expansion of Operating Line of Credit to $4.5 Million; Renewal of $3 Million Acquisition Line of Credit
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Conifex Amends Senior Credit Facility
October 1, 2019Conifex Timber Inc. (TSX: CFF) (“Conifex”) announced today that it has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones.
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U.S. Xpress Enterprises Announces Amendment to Credit Facility
October 1, 2019U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.
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Rayonier Advanced Materials Announces Credit Agreement Amendment Providing Financial Covenant Relief Through 2021
October 1, 2019Rayonier Advanced Materials Inc. (the “Company”) today announced that it has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment (the “Amendment”) under which, among other changes, the lenders have agreed to relax the Total Net Senior First Lien Secured Leverage Ratio and Interest Coverage Ratio tests through 2021.
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Modeso LLC Announces New Senior Credit Facility
October 1, 2019Modeso LLC dba RapidFunds ("RapidFunds" or the "Company") announced today that it has closed on a $70 million term loan facility, consisting of a $40 million delayed draw term loan and $30 million accordion feature, with a multi-billion dollar institutional investment firm.
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North Mill Capital Announces the Funding of an Accounts Receivable Facility to Metromedia Technologies, Inc.
September 30, 2019The funds will be used to pay off the previous lender and provide additional working capital for the company.
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Gibraltar Business Capital Announces Another Increase in its Credit Facility with Wells Fargo
September 30, 2019Gibraltar Business Capital, an industry leader in alternative financing for middle-market businesses, announced an increase in its credit line with Wells Fargo, N.A. In 2018, Wells Fargo raised Gibraltar’s facility from $75 million to $100 million. This new increase takes the line up to $125 million, giving the asset-based lender additional capacity to serve its market.
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Capital One Leads Senior Credit Facility for e2p’s Acquisition of Daniele
September 30, 2019Capital One announced today that it led a senior credit facility in support of the acquisition of Daniele International, LLC (“Daniele” or the “Company”) by Entrepreneurial Equity Partners (“e2p”). Capital One acted as lead arranger and administrative agent for the transaction.
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Celtic Capital Corporation Announces New Client Relationship
September 30, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that distributes dry and frozen vegetarian food products.
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Wesdome Gold Mines Closed Its Previous Announced Refinancing of Credit Facility
September 30, 2019Wesdome Gold Mines Ltd. (TSX: WDO) (the “Company”) is pleased to announce that on September 27, 2019 it closed its previously announced senior secured revolving credit facility (“NBF Facility”), with National Bank Financial Inc. (“NBF”) acting as the sole arranger.
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ESCO Announces New Credit Facility
September 30, 2019The bank syndication supporting the new facility is comprised of a diverse group of eight banks led by JPMorgan Chase Bank, N.A. as Administrative Agent and BMO Harris Bank, N.A as Syndication Agent.
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Applied Data Finance Upsizes Senior Credit Facility to $350 Million
September 30, 2019Applied Data Finance, LLC (ADF), a leading technology-enabled lender and asset manager, announced today that it has upsized its current senior credit facility with Victory Park Capital Advisors, LLC (VPC) from $200 million to $350 million.
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Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
September 30, 2019The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $9.2 billion, up 3 percent year-over-year from new business volume in August 2018.
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CPS Technologies Corporation Establishes New $2.5 Million Credit Facility
September 30, 2019CPS Technologies Corporation (CPSH) today announced that it has entered into a new three year $2.5 million credit facility with The Massachusetts Business Development Corporation.
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Installed Building Products Announces Closing of $300 Million Notes Offering and a New and Increased $200 Million ABL Revolving Credit Facility
September 30, 2019Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the closing of the private offering of $300 million in aggregate principal amount of 5.75% senior unsecured notes due February 1, 2028 (the “Notes”).
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Wells Fargo Names Charles W. Scharf Chief Executive Officer and President
September 30, 2019The Board of Directors of Wells Fargo & Company (NYSE: WFC) announced today that it has named Charles W. Scharf as the company’s chief executive officer and president, and a member of the Board of Directors, effective October 21. Scharf was chairman and CEO of Bank of New York Mellon.
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City National Bank is Acquiring Executive National Bank; Strengthening Its Presence as Florida's Iconic Bank
September 30, 2019The acquisition will strengthen City National Bank’s position as the third-largest bank based in Florida, one of the most robust financial services markets in the nation.
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