TSL Express Daily Articles & News

Western Alliance Bank’s Food, Agriculture and Beverage team is pleased to announce the successful closing and funding of a $60 million Asset-Based Lending (ABL) facility to support the working capital needs of a California-based company specializing in the growing, processing and distribution of fresh vegetables. The ABL facility will support the company’s growth and ongoing working capital requirements from farmgate to its consumer brand.

The transaction closing marks the start of a multi-faceted partnership that will enable Lincoln to accelerate its strategy, unlock value creation opportunities, and provide growth capital to be deployed in areas of strategic focus.

Global law firm Greenberg Traurig, LLP has grown its Corporate Private Funds Group with the addition of Daniel F. Rayner as a shareholder in the New York office. He joins the firm from Clifford Chance.

Clarus Capital (“Clarus”), a private credit firm specializing in equipment finance solutions, is pleased to announce the closing of a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently awarded and existing multi-year contracts.

Acting Comptroller of the Currency Rodney Hood confirmed that the Trump administration is working on plans to revise capital requirements for banks, aiming to ease what he described as excessive regulations that could contain credit.

Global law firm Norton Rose Fulbright today announced that Kyle Gann, a highly regarded corporate lawyer, has joined its Chicago office as a partner in the business practice group and a member of the firm’s transactional and regulatory insurance team.

NB Bancorp, Inc. ("Needham") (Nasdaq: NBBK), the holding company for Needham Bank, and Provident Bancorp, Inc. ("Provident") (Nasdaq: PVBC), the holding company for BankProv, today announced that they have entered into a definitive merger agreement for Provident to merge with and into Needham in a stock and cash transaction.

Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, today announced the closing of a $260-million credit facility to support the growth of Onyx's portfolio of distributed energy projects across the U.S.

BMO Financial Group today announced several executive appointments to further strengthen client service excellence through execution focus and innovation, and support its growth ambition throughout Canada and in key markets across the United States.

Mitts Law, LLC takes pride in creating and nurturing meaningful relationships with our clients. Our firm's fundamental commitment goes beyond simply addressing our clients’ immediate legal challenges.

Cambrian, a leader in wastewater treatment, water reuse, and energy recovery-as-a-service, announced the closing of a $150 million credit facility with ING Capital LLC (ING). This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian's innovative Water-Energy Purchase Agreement (WEPA) offerings.

First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street.

TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan.

CIBC Innovation Banking announced today that it has provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows.

Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million (the “Credit Facility”), of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank, N.A. (“Citizens”).

Vera Therapeutics, Inc. (“Vera”), a late clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases, today announced that it has entered into a new credit facility providing for up to $500 million of term loans with its current partner Oxford Finance LLC.

Bank of America has named Gabby Hodgson, Merrill market executive, as president of Bank of America Colorado. She succeeds Raju Patel who led the market for the past six years and continues as Global Commercial Banking market executive for Colorado.

Established in 2003, the Northeastern United States-based Company provides structural steel/precast concrete erection, reinforcing bars, rigging, crane services, and equipment rentals used in the construction industry.

Synergy CHC Corp. (NASDAQ: SNYR) (“Synergy” or the “Company”), a provider of consumer health care and lifestyle products, announced today that it has entered into a $20 million term loan credit agreement, due May 2029 with ACP Agency, LLC.

Webster Bank is pleased to announce Dan Gioia has joined the bank’s Asset Based Lending (ABL) division as Senior Managing Director, Third Party and Large Corporate ABL Origination. He will report to David Viggiano, SMD National Sales Leader ABL at Webster. Based in New York, NY, Dan will cover the ABL syndicated market across the U.S.