TSL Express Daily Articles & News

A beef industry client looking to grow was facing temporary cash flow challenges that were impeding movement on future projects. While they needed immediate access to capital, traditional loan applications, with their lengthy processing times, posed a significant obstacle. Recognizing this challenge, Loeb leveraged its three-year relationship with the client and their proven track record to offer a tailored solution: an Equipment Line of Credit (ELOC).

Evolution Credit Partners Management ("Evolution" or the "Firm"), an alternative credit firm with approximately $3 billion in assets under management, today announced John-Carl ("J.C.") Barone will be joining the Firm as a Managing Director. Mr. Barone brings a two-decade track record in the capital markets, focused on working capital finance, including trade finance and accounts receivable capital solutions for corporates.

Today, Finley, the leading debt capital management platform for borrowers and asset managers, announced the launch of the Finley Verification Suite, a set of capabilities that enables lenders in asset-backed lending (ABL) arrangements to verify the accuracy of borrower asset data and calculations.

Intermedia Cloud Communications, a leading global provider of intelligent cloud communications and collaboration applications to businesses and the partners that serve them, today announced that it has completed a $345 million refinancing of its balance sheet by entering into a new revolving credit facility and term loan with certain of its existing lenders.

Hyper Valuation Services, LLC (“HVS”), a division of HYPERAMS, LLC announces that Jarrett Levy has joined the firm as Director of Business Development. In his new role at HVS, Levy will focus on driving continued and future sales growth of HVS’ appraisal business, establishing productive relationships with existing and new clients across the country, and particularly the Southeast market.

Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced the successful completion of its semi-annual borrowing base redetermination and entry into the third amendment to the Company’s existing credit agreement (the “Third Amendment”).

CapitalPlus Financial Services, a leading provider of receivables financing for the construction industry, is pleased to announce the successful funding of a $1.25 million working capital facility for a finishing contractor based in Reno Nevada.

Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York, announced the closing of a $70 million expansion financing to support the merger of Hivelocity and Colohouse, a leading provider of colocation, cloud, bare metal, hosting and data services for a diversified set of customers.

Aequum Capital is pleased to announce it recently led a $45,000,000 revolving credit facility for a Midwest based manufacturing and distribution company. The Facility will provide increased liquidity to the Company as it continues to execute its acquisition strategy. Helios Strategic Advisors, LLC advised on the transaction.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced an additional expansion of its Private Funds Group (PFG) with the appointment of a team of four managing directors from Greenhill & Co. to significantly strengthen its U.S. Primary practice.

The Hedaya Capital Group is pleased to announce that industry veteran Louis G. Barone has joined the Company as Senior Advisor to The Hedaya Capital Group. In this role, he is responsible for leading and executing new business development strategies and growth initiatives, as well as identifying and capitalizing on new markets. He also leverages a vast network of referral relationships to acquire and develop new client relationships.

Number Holdings, Inc., the direct parent company of 99 Cents Only Stores LLC (the "Company" or "99 Cents Only Stores") today announced that it has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court") to implement the previously announced orderly wind-down of its business and pursue a value maximizing sale of its real estate and other assets.

The Promise Homes Company, one of the largest minority-led managers of institutional-quality, single-family residential rental homes in the United States, announced today that it has closed on a revolving credit facility from a leading global money-center bank.

Wolters Kluwer Compliance Solutions has launched OneSumX® Reg Manager to help U.S. community banks and credit unions enhance their regulatory change management efforts. This artificial intelligence (AI)-powered solution represents the latest addition to the Compliance Solutions OneSumX portfolio suite, a trusted product line designed to help financial institutions across the U.S. more effectively navigate regulatory change.

First Business Bank announces it earned the 2024 Top Workplaces USA award from Energage, the third year in a row the bank received prestigious national recognition powered by employee input.

MidCap Business Credit LLC announced today that it has completed a $15 million asset-based credit facility to Plastic Suppliers, Inc. The business was established in 1949 and is headquartered in Columbus, Ohio. The company manufactures thin-gauge bio based and petrochemical based films for a wide range of Consumer Packaged Goods market segments and applications.

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $2,500,000 revolving accounts payable funding facility for a value-added distributor of fluid power valves and hoses with two distinct business channels, commercial & Department of Defense.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Ashish Jalan has joined the firm as President–Global Operations effective April 1, 2024. In this newly created role, Jalan will oversee the resource management, talent development, operational effectiveness, and client service initiatives that will drive the firm’s ongoing offshore expansion.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Joanne Gagliardi has joined its commercial banking team as a Senior Managing Director.

Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Mallory Van Horn as a Managing Director within the firm’s Healthcare Industry Group’s Health Plans and Managed Care practice. Ms. Van Horn’s hire represents the next phase of the group’s growth strategy, following on the recent appointment of Managing Director and Health Plans and Managed Care Practice Leader, Craig Savage.