TSL Express Daily Articles & News

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two asset-based lending transactions totaling $7.5 million and one collection factoring facility.

Sallyport Commercial Finance announced it has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage company based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts.

PPL Group will be conducting a webcast auction for the assets of AIM Directional Services, LLC – a leader in Directional Drilling, Mud Motor Services and Measurement While Drilling (MWD) Services and Tools for the oilfield.

Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that Gary Raisig has joined the bank as Senior Vice President and Group Sales Executive for the Business Banking team. Reporting to the Director of Business Banking, Raisig succeeds the retiring Group Sales Executive ensuring a smooth transition in continuing its commitment to midsize businesses in the local New York market.

Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Jim Wittmer the managing principal of the firm’s Atlantic Coast region. In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Baltimore, Pittsburgh and Philadelphia, where he is based.

Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce the hiring of Zac Collins, SVP – Commercial Banking Team Leader. In his new role, Zac will lead a team focused on Commercial and Industrial (C&I) Banking in the Bucks and Montgomery counties, as well as Lehigh Valley.

​Blank Rome LLP is pleased to announce that Jeffrey “Jeff” A. Fickes and Christopher “Chris” J. DePizzo have joined the firm’s New York office as partners in the Corporate, M&A, and Securities group. They bring extensive experience representing businesses and investors throughout the United States and internationally in private equity (“PE”) transactions, mergers and acquisitions (“M&A”), and other corporate matters.

Assembled Brands Capital, a leading asset-based lender for businesses in the CPG ecosystem, recently closed four new credit facilities for high-growth CPG brands spanning various industries. The lender specializes in comprehending the financial needs and operational challenges faced by businesses, such as branded ecommerce companies, omnichannel brands, distributors, and more.

GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company"), a leading North American diversified environmental services company, today announced that it has amended its US$725.0 million senior secured term loan to reduce its borrowing rate to SOFR +200 basis points from the previous SOFR +250 basis points, in a transaction that was significantly oversubscribed.

Sallyport Commercial Finance, LLC announced its 10-year anniversary. The company stated: From our humble beginnings to becoming a trusted leader in alternative finance, this journey has been nothing short of extraordinary. We owe this success to our amazing team, our investors, introducers and of course, the wonderful business owners we work with.

With Beneficial Ownership Information (BOI) reporting requirements now in effect as part of the Corporate Transparency Act (CTA), Wolters Kluwer CT Corporation is responding to a range of questions submitted by businesses and individuals seeking clarity on “large operating company” exemptions. CT Corporation online BOI resources are helping address those queries to aid greater understanding of impacted organizations’ reporting obligations.

Eclipse Business Capital LLC (“EBC”) announced that it has provided a $101.2 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to an automotive parts manufacturer. The credit facility is secured by accounts receivable, inventory, and machinery & equipment.

Cahill Gordon & Reindel LLP announced today that Peter Williams will join the firm on July 15 as a partner in New York, where he will serve as Co-Head of its Private Credit practice.

Wingspire Capital provided a $60 million senior secured revolving credit facility to Comtech Telecommunications Corp. (Nasdaq: CMTL). The transaction was part of a broader $222 million credit facility that included a $162 million term loan agented by TCW Private Credit.

​Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $2 million asset-based facility for a frozen seafood distributor. The facility provides availability against both accounts receivable, inventory and monthly recurring revenue (“MRR”).

J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June.

The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into amendments to certain of its senior credit instruments, namely (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec

Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ Iceland:AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.

Archwest Capital (“Archwest” or the “Company”), a lender specializing in non-owner-occupied residential real estate loan solutions, today announced it has secured a significant growth investment from Bain Capital. Bain Capital and its affiliates will acquire a controlling stake in the Company, with management, led by Chief Executive Officer Shawn Miller, retaining a significant minority stake. Financial terms of the private investment were not disclosed.