TSL Express Daily Articles & News

Encore Funding, a leading alternative lender specializing in the staffing and transportation industries, proudly announces the appointment of Dale Busbee as Vice President of Business Development.

Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to announce that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank.

CIBC Innovation Banking announced today that it has provided a growth capital financing facility to threatER, a cyber defense category leader focused on eliminating cyber threats before they reach the network.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a senior secured credit facility to support I.D. Images’ (“ID” or the “Company”) acquisition of Les Etiquettes Modernes (“LEM”). Sole Source Capital (“Sole Source”) has sponsored the Company since July 2021. Over the course of Sole Source’s ownership and including LEM, ID has acquired eight businesses.

Gordon Brothers, the global asset experts, has provided a revolving credit facility to support S5 Equity’s acquisition of Hammacher Schlemmer. As part of the acquisition, S5 Equity plans to strengthen the 170-year-old catalog retailer’s customer experience and loyalty while continuing to shift the catalog business to its e-commerce platform.

NXT Capital announced today that it closed a senior credit facility in support of Bansk Group’s acquisition of Foundation Wellness (or the “Company”). NXT Capital acted as Joint Lead Arranger, Collateral Agent, and Administrative Agent on this transaction.

eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the successful funding of a $10 million secured revolving line of credit for a growth-oriented home healthcare and hospice organization in California. This financing will enable the company to strengthen its financial position as it continues to provide essential healthcare services.

Quasar Capital is pleased to announce the appointment of Dustin Green as Vice President of Underwriting. Dustin brings a wealth of experience in underwriting, credit analysis, and relationship management, having served in key roles within the Commercial Finance Industry.

First Citizens Bank today announced that its Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois.

As the world has returned to in-person events, companies that support these events are experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring partner of National Business Capital (NBC) for financing to support a significant level of outstanding bids and pipeline contracts.

US Capital Global, a premier global private financial group serving the middle market, is pleased to announce the appointment of Giovanni J. Ford as Vice President at its regional headquarters in Europe. Mr. Ford is a distinguished financial expert with over 25 years of experience delivering customized investment and credit solutions to high net-worth individuals, family offices, and institutional clients.

First Citizens Bank today announced that its Energy Finance business served as lead arranger on $145 million in financing on behalf of Linea Energy LLC for the development of advanced renewable energy projects across the U.S.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the sale of Foundation Wellness (the “Company”) to Bansk Group.

Canacol Energy Ltd. is pleased to announce that, on September 3, 2024, it entered into a committed 24 month US $75 million senior secured term loan facility (the “Facility”) with Macquarie Group (“Macquarie”). The initial draw on funding is expected to be US $50 million, with a further commitment of US $25 million available for a twelve month period should certain production metrics be met.

Doral Renewables LLC (“Doral Renewables”) announced the successful close of a project debt financing package to support initial construction of the remaining phases of its Mammoth Solar complex located in Northern Indiana. KeyBanc Capital Markets acted as Coordinating Lead Arranger and Administrative Agent, and HSBC and Santander Corporate & Investment Banking acted as Joint Lead Arrangers.

Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it is relocating its Dallas, Texas office operations to The Star in Frisco, Texas. The move provides greater amenities to the growing team of approximately 75 employees currently working from the firm’s office on Dallas Parkway in Dallas.

Lumio (the "Company"), a leader in personalized renewable energy, today announced that it has filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware (the "Court") to complete a value-maximizing sale process and strengthen its financial position.

Wingspire Equipment Finance, a large-ticket equipment finance company, announced the successful completion of its inaugural asset-backed securitization (ABS), WEF 2024-1. The transaction raised $201 million and was the first inaugural large-ticket equipment ABS to receive ratings from a major rating agency.

A series of online only auctions on September 10 and 24 features the Holland, MI plant of manufacturer Trendway, known for its dedication to building beautiful products that create better places for people to work and enjoy.