TSL Express Daily Articles & News

Texas-based Lone Star Pipe Services, LLC, is a family-owned and operated business specializing in industrial coatings. They offer a wide range of services, including a range of coatings, pipe restoration, repairs and storage. A start-up company, the principal had worked for a pipe coating company that was a previous nFusion Capital client.

Omni Fiber, a regional Fiber Internet Service Provider with operations in over 25 markets in Ohio and Pennsylvania backed by Oak Hill Capital, today announced the closing of $150 million in debt financing from Stonepeak Credit.

Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company, for Webster Bank, N.A., (the “Bank”) announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank.

Leeward Renewable Energy (LRE), a leading renewable energy company, today announced the closing of its $1.25 billion construction warehouse facility (“Construction Warehouse”), marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $15 million in growth capital to Velentium, a professional engineering firm that specializes in the design and manufacture of innovative medical devices.

Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Lawrence Griff to lead the firm’s Retail industry practice and Kelly Schindler to head up its Manufacturing industry practice.

8x8, Inc. (NASDAQ: EGHT) (the “Company” or “8x8”), a leading integrated cloud contact center and unified communications platform provider, today announced that it has secured a new $200 million Delayed Draw Term Loan Credit Facility (the “Delayed Draw Term Loan” or “Credit Agreement”).

United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.

United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.

United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.

United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.

United Capital Funding Group, LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.

United Capital Funding Group LLC, a Florida-based factoring firm completed 7 transactions totaling $11.7 million in accounts receivable financing.

BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced it has entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March 2023 to now encompass a $50 million revolving line of credit.

Valley Bank on Thursday said it hired Juan Santana to fill the role of first vice president, corporate banking, and relationship manager for New Jersey and Rockland County.

Embracer Group AB (“Embracer”) has secured a new EUR 600 million revolving credit facility with a two-year tenor, with an option to extend for an additional year. The new facility replaces Embracer’s remaining SEK 4.8 billion (approximately EUR 420 million) revolving credit facility, which matures in May 2025.

Russel Metals Inc. (TSX: RUS) announces that it has renewed and extended its credit facility with a syndicate of banks led by RBC Capital Markets. The new credit facility has total availability of $600 million and is comprised of: (i) a $400 million revolving credit facility with a maturity of July 2028; (ii) a $50 million letters of credit facility with a maturity of July 2028; and (iii) a $150 million revolving credit facility with a maturity of July 2026.

The NFIB Small Business Optimism Index reached the highest reading of the year in June at 91.5, a one-point increase from last month. The last time the index was higher was in December of 2023 when it reached 91.9. Even so, this marks the 30th month below the historical average of 98. Inflation is still the top small business issue, with 21% of owners reporting it as their single most important problem in operating their business, down one point from May.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, today announced it has amended and expanded its revolving line of credit and refinanced its term loan. The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company.

Calvert Impact today announced the launch of Access by Calvert Impact, a national public-private partnership to support small businesses, with the closing of an $140 million warehouse credit facility from the Urban Investment Group (UIG) at Goldman Sachs Alternatives.