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TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
Featured
Black Olive Capital Announces Launch
An Inventory and Purchase Order Lending Platform Targeting $500K to $10MM Opportunities
Black Olive Capital LLC (“Black Olive”) announced today the launch of its intelligent inventory and purchase order lending platform. Black Olive’s mission is to provide fast and easy inventory and purchase order financing to underserved small-to-medium sized businesses (SMBs) to help them unlock capital to grow and create jobs. Its financing solutions work for businesses nationwide, and in most industries.
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TSL Express Daily Headlines & News
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Beef International, Inc. to Sell Operations to RKW Holdings, LLC
November 6, 2019Beef International Inc., (“BI Foods”) a custom manufacturer of premium meat products, announced today that it has reached an agreement to sell its business operations and certain assets to RKW Holdings, LLC (“RKW”). The transaction is expected to close within the next 30 – 45 days. RKW will continue to operate the business out of the existing Beef International location in Pennsauken, NJ and employ over 50 people.
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Crestmark Provides More Than $34.3 Million in Commercial Financing to 99 Businesses in the Second Half of October
November 6, 2019Crestmark secured a total of $800,000 in ABL financial solutions for two new clients; Crestmark Equipment Finance provided $15,558,380 in 14 new lease transactions; Crestmark Vendor Finance provided $9,586,873 in 88 new lease transactions; and the Government Guaranteed Lending Division provided $8,355,000 in financing for one new client in the second half of October.
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California Premium Home Furnishings Company Secures a $2.5MM Inventory Finance Facility; Worthy Lending LLC Joins Syndication
November 6, 2019Worthy Lending LLC (WL) provided $1MM participating in a $2.5MM inventory finance facility for a west coast high-end home furnishings manufacturer/retailer. This well-established top-quality furniture can be found in showrooms located in Georgia, Illinois, Ohio, Texas, Colorado, Arizona, California, Florida, Nevada, New York, DC, and retail outlets in Europe.
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TAB Bank Provides Commercial Printing Company in Illinois with a $3 Million Asset-Based Credit Facility
November 6, 2019TAB Bank is pleased to announce it has provided a $3 million asset-based revolving credit facility for a commercial printing company located in Illinois. 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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Citizens Commercial Banking Provides $138 Million Loan to DSC Partners for Acquisition of 28 Maryland Office and Industrial Buildings
November 6, 2019Citizens Commercial Banking announced today that its Commercial Real Estate Finance team is providing a $138 million loan to Washington, D.C.-based DSC Partners, a real estate investment company founded in 2017 by former First Potomac Realty Trust executives, for the acquisition of 28 office and industrial buildings located in Montgomery County, MD. Citizens is Left Lead Bank and Administrative Agent.
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Cambridge Wilkinson Investment Banking Announces Transaction
November 6, 2019Cambridge Wilkinson has arranged a $50 million senior debt facility for a 15-year-old national specialty finance company that provides consumer-oriented loans and purchases consumer receivables across a number of consumer sub-categories.
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Healthcare Services Executives Predict Another Strong Year Ahead Despite Cooling M&A Outlook
November 6, 2019A Capital One annual survey revealed that healthcare services executives continue to have an optimistic outlook for business performance heading into 2020. Over the next year, more than two-thirds (69%) of executives predict their businesses will perform better compared to the last 12 months, with just 4% expecting a drop in performance in that time period.
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Optima Partners, LLC Establishes Chicago Office and Promotes Capital Markets Partner to Lead Midwest Regional Practice
November 6, 2019Expansion comes in the wake of strong regional client growth and the continued strength of traditional and alternative asset management in the Midwest.
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Exchange Income Corporation Secures New Credit Facility
November 6, 2019National Bank Financial Inc., Canadian Imperial Bank of Commerce, and The Toronto-Dominion Bank are Co-Lead Arrangers and Joint Bookrunners to the new facility. National Bank Financial Inc., is Agent, and the follow lenders complete the syndicate; The Bank of Nova Scotia, ATB Financial, Laurentian Bank of Canada, Bank of Montreal, HSBC Bank Canada, Raymond James Finance Company of Canada Ltd., Royal Bank of Canada, Wells Fargo Bank, N.A. Canadian Branch.
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Cheniere Energy, Inc. Announces Intent to Offer $1.0 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holdings, LLC
November 6, 2019Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC ("CCH") intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2029 ("CCH 2029 Notes").
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Utica Equipment Finance Completes Funding of a Capital Lease Line
November 5, 2019Utica Equipment Finance completed the funding of a capital lease line up to $2.0MM secured by passenger cars to a for-hire vehicle rental car company located in the northeast. Utica provided the working capital for this company to expand and grow operations.
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Bruin Sports Capital Strikes Partnership With CVC Capital Partners, Jordan Co.
November 5, 2019Bruin Sports Capital, a privately held investing concern founded by George Pyne that invests in and operates sports and entertainment companies, said Tuesday it had entered into a long-term strategic partnership with private equity firms CVC Capital Partners and The Jordan Company. The initial investment from the two companies is $600 million.
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Opus Bank Announces Appointment of William D. Fanter as Head of Retail Banking
November 5, 2019Opus Bank (“Opus”) (NASDAQ: OPB) announced today that William D. Fanter has been appointed Executive Vice President, Head of Retail Banking. Mr. Fanter, a 31-year banking veteran, will be responsible for managing Opus’ Retail Banking division, including overseeing its 46 banking offices located in California, Washington, Oregon, and Arizona.
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JPMorgan Hires Bankers for New Venture Capital Coverage Team
November 5, 2019JPMorgan Chase & Co said on Tuesday that it hired a team of four bankers to lead a new team in its commercial bank that connects venture capital investors with fast-growing start-ups in technology, life sciences and other fields.
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Siena Lending Group LLC Announces an Increase in its Credit Facility with Wells Fargo Bank, N.A. to Over $300 Million
November 5, 2019Siena Lending Group LLC (“Siena”), a leading asset-based lending company, announced today an increase in its senior credit facility with Wells Fargo Bank, N.A. to $312.5 million.
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G2 Capital Advisors Hires Howard Lanser as Head of Capital Markets
November 5, 2019G2 Capital Advisors ("G2"), a leading financial advisory firm is pleased to announce that Howard Lanser has joined the firm as a Managing Director and Head of Capital Markets. Lanser will oversee G2's extensive capital markets platform, partnering with Louise Roussel, Director of Capital Markets in enhancing the firm's execution of complex financings for our clients.
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CIT Leads $80 Million Revolving Credit Facility for AerFin Holdings
November 5, 2019CIT Group Inc. (NYSE: CIT) today announced that its Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.
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Paul Whyte Joins Wells Fargo’s Corporate & Investment Banking and Commercial Real Estate Groups
November 5, 2019Wells Fargo Wholesale Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Paul Whyte is joining its Corporate & Investment Banking (CIB) and Commercial Real Estate (CRE) groups, effective November 12, as a managing director focused on real estate investment banking and hospitality finance.
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MidCap Business Credit LLC Completes $5 Million ABL Facility
November 5, 2019MidCap Business Credit LLC announced today that it has completed a $5 Million Asset Based Credit Facility to Blonder Tongue Laboratories, Inc. (NYSE American: BDR) Headquartered in Old Bridge, NJ, Blonder Tongue Laboratories, Inc. is the oldest designer and manufacturer of cable television video transmission technology in the USA.
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Delphi Energy Corp. Announces Extension of Credit Facility
November 5, 2019Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized.
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