TSL Express Daily Articles & News

New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.

Republic provided a non-borrowing traditional factoring facility to help reduce the company’s payment risk. Republic gave the company comfort that its shipments would be paid for in full, so the company could focus on growing its new brand.

Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction. In addition, Danske Bank and ING acted as the Bookrunners, while BNP Paribas, Citibank, Goldman Sachs Bank, Handelsbanken, JP Morgan, Nordea Bank, and SEB participated in the transaction as Mandated Lead Arrangers.

Schremp has more than a decade of commercial banking experience. First Business Bank hired Schremp as a credit analyst in 2013. He eventually moved to the commercial banking team.

Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products.

Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.

Leading dental partnership organization (“DPO”), MB2 Dental has closed a US$2.344bn unitranche debt facility with credit vehicles and accounts managed by KKR, which acted as Lead Investor and Arranger on the transaction.

The Notes Offering is being underwritten by BMO Capital Markets and Scotiabank, as joint active bookrunning managers, in a syndicate that also includes RBC Capital Markets and TD Securities, as joint bookrunning managers, and CIBC Capital Markets and Canaccord Genuity Corp., as co-managers.

Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$16 million to C$22 million, with uncommitted accordions up to $4MM to increase the facility to C$26 million in the future.

Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it has hired Ryan Bailey as the bank’s new president and chief executive officer (CEO).

TD Bank, America's Most Convenient Bank®, has named Don Baker Commercial Market President of Northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont.

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June.

Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions.

Bain Capital Credit, L.P., a leading global credit specialist, today announced that the firm’s Private Credit Group invested approximately $2 billion to support the growth of middle market and private equity-backed companies in 2023.

Company works with global investment bank Houlihan Lokey, Inc., to accelerate growth and provide a broader array of products and services to U.S. real estate operators facing a coming wave of distress.

Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has announced the appointment of John C. Thurston as Corporate Banking Executive and Senior Vice President of Corporate Banking.

New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.

A group of banks launched a $5 billion leveraged loan sale on Wednesday to help finance KKR & Co.’s purchase of a stake in Cotiviti Inc., according to people with knowledge of the matter.

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 recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.