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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
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CIT Serves as Sole Lender on $75 Million Revolving Credit Facility for Skillsoft
CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as agent and sole lender on a $75 million revolving credit facility for Skillsoft, a global leader in learning and talent management solutions
Based in Boston, Massachusetts, Skillsoft enables organizations to unlock the potential in their employees by delivering a range of digital learning and talent management solutions. The financing will be used to support continuing business operations and growth objectives.
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TSL Express Daily Headlines & News
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Avidbank Holdings, Inc. Announces Net Income of $3,183,000 for the Second Quarter of 2019
July 23, 2019Avidbank Holdings, Inc. ("the Company") (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank ("the Bank"), an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $3,183,000 for the second quarter of 2019 compared to $2,666,000 for the same period in 2018.
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Equiniti Riskfactor Appoints Michael Stock as Head of Operations
July 23, 2019Michael Stock joins as Head of Operations from ABN AMRO to lead on operational management. Equiniti Riskfactor gains seven new clients in past year in North American market as it continues to succeed in its global growth strategy.
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Gulf Coast Business Credit Welcomes 2019 Summer Interns
July 22, 2019GCBC offers interns hands-on training in finance, sales/marketing, accounting and underwriting. Meg Roberson, GCBC’s Senior Vice President noted, “We are thrilled to welcome Lacey Bohanan, Kyle Hladky, Will Huber, Mike Mondragon and Sam Wheeler to GCBC.
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North Mill Capital LLC Announces the Addition of Tammy Bowling, as its Vice President, Invoice Based Financing, East Coast Director
July 22, 2019Prior to joining North Mill, Bowling worked at Riviera Finance. She has over 22 years of lending experience ranging from underwriting to senior account executive.
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Abacus Finance Announces a Further Expansion of its Team With the Hiring of Two New Investment Professionals
July 22, 2019Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced the hiring of Seth I. Friedman as a managing director and Austin Rendell as an analyst.
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MidCap Business Credit Closes on a $2,000,000 Asset Based Credit Facility for Pavement Corporation
July 22, 2019MidCap Business Credit announced today they have closed on a $2,000,000 asset-based credit facility for Pavement Corporation, a portfolio company of Vicour and Spring Capital Partners out of Baltimore, MD.
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Rosenthal Provides $3M PO Finance Facility for NY-Based Importer
July 22, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, announced the completion of a recent $3 million inventory production finance deal for an importer of dinnerware and glassware.
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CUMULUS MEDIA Makes $50 Million Voluntary Debt Prepayment
July 22, 2019With this prepayment, the Company has reduced its debt by approximately $250 million since emerging from Chapter 11 on June 4, 2018, bringing the Company’s total debt to approximately $1.05 billion.
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Global Eagle Announces $61 Million of Additional Liquidity
July 22, 2019Global Eagle Entertainment Inc., a leading provider of media, content, and connectivity to markets across air, sea and land, today announced that it has completed a $40 million upsizing of its Senior Secured Term Loan due 2023, as well as an amendment to its Term Loan.
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Piper Jaffray Announces the Addition of its CD and Structured Note Underwriting Business
July 22, 2019Piper Jaffray Companies (NYSE: PJC), a leading investment bank and institutional securities firm announced the addition of its CD and Structured Note underwriting business with the arrival of Ardi Baniahmad, Josh Brenner, Rick Cabanes and Meghan Greenwood, formerly of First Empire.
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Stifel Launches Venture Banking & Lending Group to Serve U.S. Innovation Ecosystem
July 22, 2019Stifel Financial Corp. (NYSE: SF) today announced the successful launch of a venture banking and lending business, dedicated to providing debt capital financing and commercial banking solutions to growth companies and their backers.
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Martin Midstream Partners L.P. Amends and Extends Revolving Credit Facility and Announces Quarterly Cash Distribution
July 22, 2019Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today that the Partnership has successfully amended and extended its revolving credit facility.
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Northeast Bank Announces Appointment of Salvatore Salzillo as Senior Vice President, Business Development
July 11, 2019He comes to Northeast Bank with over thirty years of commercial lending experience including real estate, lender and corporate finance.
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Antares Leads Financing to Support New Mountain’s Acquisition of W2O
July 9, 2019Antares announced today that it served as a lead arranger and is acting as administrative agent for a senior secured credit facility to support the acquisition of W2O by New Mountain.
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U.S. Bank Names Joshua Shade Arizona Market President
July 1, 2019Shade succeeds Brian Schwallie, who was promoted within the company.
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Acerus Announces Amendment to Term Loan Credit Facility
July 1, 2019Acerus Pharmaceuticals Corporation (TSX:ASP, OTCQB: ASPCF) (“Acerus” or the “Company”) today announced that it entered into an amended agreement related to its existing credit facility with SWK Funding LLC (“SWK”).
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Alliance BioEnergy Plus, Inc. Files Plan to Exit Chapter 11
July 1, 2019Alliance BioEnergy Plus, Inc. has filed its Chapter 11 Plan of Reorganization and Disclosure Statement with the bankruptcy court.
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Peapack-Gladstone Bank Hires New Senior Managing Director, Commercial Private Banker
June 19, 2019Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Jeffrey A. Glaush, Senior Managing Director, Commercial Private Banker.
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Contura Announces Completion of Successful Refinancing Through $561.8 Million Term Loan Credit Facility
June 19, 2019Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced the completion of its refinancing process through a previously disclosed five-year, $561.8 million senior secured term loan facility.
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Cross River Expands Capital Markets Portfolio and Professional Team
June 19, 2019Cross River Bank (“Cross River”), a leading innovator and provider of banking services for financial technology companies, today announced several key initiatives taken to expand its Capital Markets portfolio and professional team, further fortifying its commitment and ability to provide best-in-class capital markets services and solutions to the fintech community and beyond.
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