TSL Express Daily Articles & News

, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries. ​

Entrepreneur Growth Capital LLC (“EGC”) is pleased to announce the closing of a $5 million asset-based facility for a commercial bakery. The facility provides availability against both accounts receivable and inventory.

CIBC Innovation Banking announced today that it has provided growth financing to InsightRX, a San Francisco-based software company leveraging quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants.

Lincoln Educational Services Corporation (Nasdaq: LINC) today announced that it has entered into a $40 million revolving credit facility with Fifth Third Bank.

Cerebro Capital announced they had recently assisted clients in securing over $100mm in financings. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.

B. Riley Real Estate and B. Riley Wholesale & Industrial Solutions (collectively, “B. Riley”), subsidiaries of B. Riley Financial, Inc. (Nasdaq: RILY), have been retained as advisors in connection with the Chapter 11 bankruptcy of Prize Management, LLC and Sand Ridge Development Association, Inc. dba Sand Ridge Materials (“Sand Ridge”).

For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Best Brand awards.

Bridge Bank today announced that Phillip “Phil” Ho has joined its Life Sciences Group as senior vice president. In his new role, Phil will support Bridge Bank’s Life Sciences Group in its mission to help companies in the industry bring their visions to market, working specifically with clients in the San Francisco Bay Area and the Pacific Northwest.

Cambridge Wilkinson is pleased to announce the close of a $145 Million Credit Facility for a Private Real Estate Lender who lends in select high-growth geographies in North America, with a particular expertise in ground-up construction lending.

Lafayette Square, a national investment platform, announced today that it provided debt financing to support the acquisition of DenBeste Water Solutions ("DenBeste") by Ironclad Environmental Solutions ("Ironclad"), a leading provider of specialty asset rental solutions for the containment and hauling of liquid and solid waste, and a portfolio company of Kinderhook Industries.

Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that Stephanie Mesheski has joined the firm as Principal on the Investor Relations & Marketing team. Working alongside Sora Monachino, Managing Director & Head of Investor Relations, Ms. Mesheski will primarily be responsible for business development.

Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has amended its $225 million term loan facility with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

Vena Energy, the leading renewable energy company in the Asia-Pacific region announced the signing of a JPY87.0 billion (approximately USD 600 million) sustainability-linked Revolving Credit Facility (RCF). The RCF is provided by ten financial institutions, including BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, ING Bank N.V., MUFG Bank, Ltd., Intesa Sanpaolo S.P.A., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., as well as two new lenders Oversea-Chinese Banking Corporation Limited, and Sumitomo Mitsui Trust Bank Limited. Crédit Agricole Corporate and Investment Bank acted as the Facility Agent and Issuing Bank.

ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that it has drawn down and received the second and final installment of US$5 million in funding under its US$15 million credit agreement dated July 11, 2023 (the "Credit Agreement") entered into between the Company and a group of existing strategic shareholders led by Firelight Investments LLC, a company controlled by Pierre Lassonde (an insider of the ATEX), Beedie Investments Ltd. and Trinity Partners Capital Corporation.

1847 Holdings LLC ("1847" or the "Company") (NYSE American:EFSH), a unique holding company that combines the attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has secured a $1.0 million credit facility for its High Mountain Door & Trim Inc. ("High Mountain") subsidiary.

Nassau Financial Group (“Nassau”) announced today that it has closed on a $150 million revolving credit facility and a $100 million term loan credit facility, arranged by RBC Capital Markets.

Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area. The Company also announced it expects to open a full-service office at 345 California Street, San Francisco, in the third quarter of 2024.

Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Michael Vernace as a partner in the firm’s Finance and Private Equity Groups in the Transactions Department, based in the San Francisco office. Vernace brings to the firm 15 years of experience representing private equity funds and their portfolio companies in complex U.S. and cross-border financings, including acquisition financings and refinancings, along with other public and private companies in varying stages of their lifecycle.

Triumph Financial, Inc. (the "Company") (Nasdaq: TFIN), a financial holding company focused on payments, factoring and banking, announced today the appointment of Michelle Holmes as executive vice president, chief marketing officer ("CMO").

Hornblower Group ("Hornblower" or the "Company") today announced that it has entered into an agreement with its investors that will strengthen the Company's financial foundation and position Hornblower for a successful future. Under the terms of the agreement, funds managed by Strategic Value Partners, LLC and its affiliates (together, "SVP"), a global alternative investment firm, will acquire majority ownership of Hornblower and provide a significant equity investment in the business.