TSL Express Daily Articles & News

LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million account receivable credit facility for a Georgia-based auto parts manufacturer.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has elected 24 professionals to its partnership, effective February 1, 2024. The newly elected partners bring expertise across advisory, assurance, and tax and play integral roles in our industry groups, driving the firm’s world-class client service.

Gordon Brothers, the global asset experts, is supporting Kirkland’s Inc.’s strategic repositioning efforts with a $12 million first-in last-out delayed draw term loan. When drawn, the U.S. home décor and furnishings retailer operating under the Kirkland’s Home brand will use the loan to provide additional liquidity for ongoing working capital needs.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $15 million in growth capital to Kafene, a point-of-sale platform that helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.

Barnes & Thornburg announced today that a commercial finance team led by partners Rick Boyd and Tyler Wolf has joined the firm’s Corporate Department. Team members include Doug Plante, of counsel, Greg Preston, an associate, and Janelle Julyan, a senior paralegal.

In January 2023, American Battery Solutions (ABS), a Michigan-based company that specializes in the development of lithium-ion battery systems for electric vehicles, sought alternative financing solutions to address their capital requirements. The company, which started operations back in 2019, had successfully diversified its product line to include offerings for commercial, light, and marine electric vehicles. In order to finance their manufacturing plant, they turned to Flatbay Capital.

Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities. Aptean is a leading global provider of mission critical, vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.

On January 24, 2024, Webster Financial Corporation appointed Luis Massiani, currently President and Chief Operating Officer of Webster Bank, N.A., as the Company?s President and Chief Operating Officer, effective as of February 1, 2024, to serve in such capacity until his successor is duly appointed, or his earlier termination, resignation, death or removal from office.

Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates participated in providing senior debt financing and an equity co-investment in support of Clearview Capital’s (“Clearview”) investment in AdCellerant (“AdCellerant” or the “Company”), a provider of outsourced digital marketing software and services.

Small businesses, legal and compliance professionals are increasing their levels of readiness to comply with new U.S. beneficial ownership reporting requirements, according to the results of a new poll by Wolters Kluwer CT Corporation. The results reflect responses from more than 5,100 attendees and those surveyed during Wolters Kluwer’s January 23, 2024 beneficial ownership webinar.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided the Melrose Affordable Housing Corporation (MAHC) with a 30-year, $500,000 commercial mortgage loan. The MAHC is a local nonprofit organization committed to establishing safe and affordable housing options for low- and moderate-income individuals who desire to live in Melrose.

In addressing the working capital requirements of doing business, Tradewind today announced funding for two new clients within the apparel and textile market, further extending its reach in the segment. Through the new client relationships, Tradewind continues to improve liquidity and enable trade for companies by converting their unpaid receivables into ready cash.

They approached us looking for financing to acquire the stock of this successful enterprise. Celtic Capital provided a $2,200,000 Accounts Receivable Line of Credit, a $500,000 Inventory Line of Credit and a $414,000 Equipment Loan to assist with the purchase.

Schottenstein affiliate Second Avenue Capital Partners (SACP), a leading provider of asset-based loans and credit facilities, announced today it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand headquartered in Oceanside, California. The credit facility will be instrumental in optimizing Brixton’s working capital and fueling its continued growth in the competitive fashion industry.

WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) ("WELL" or the "Company"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has closed the refinancing of a new credit facility for its subsidiary, WELL Health USA led by JPMorgan Chase Bank, N.A.

Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Kim Fisk as EVP, Chief Operating Officer (“COO”) of its factoring division.

Blue Bridge Financial, Inc. ("Blue Bridge" or the "Company"), a leading independent commercial equipment finance company, announced the closing of a one-year extension of its $135 million revolving credit facility with DZ BANK.

Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced it has closed a loan facility with funds and accounts managed by BlackRock. The loan provides Akebia with up to $55.0 million of borrowing capacity available in three tranches.

Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, today announced that its wholly-owned subsidiary, The Dun & Bradstreet Corporation, has successfully refinanced its Term Loan and Revolving Credit facilities.

The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the economy exited 2023 with momentum as signs of moderating inflation support optimism for a soft landing.