TSL Express Daily Articles & News

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.

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.

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.

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.

SLR Digital Finance announces the funding of a $2,000,000 asset-based revolving credit facility which incorporates tiered pricing to match and refinance an SBA loan and allows for additional growth under the revolving line of credit.

Fora Financial, a leading provider of short-term financing to the SMB community, announces that it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible financing.

Dechert LLP announced today the addition of Eliot L. Relles as a partner in its corporate and securities practice group, further enhancing the firm’s capabilities in leveraged finance and private credit. Mr. Relles will be based in the firm’s New York office.

Star Mountain Capital, LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.

Frost Brown Todd (FBT) broadened and deepened its leading national finance capabilities by adding Jamie Brodsky, Alexander G. Staffieri, and Kaitlyn J. George as partners in the firm’s Commercial Finance Practice Group in its Louisville office.

CVC Credit, the $43 billion dedicated credit strategy of CVC, is pleased to announce that it has successfully priced Apidos XLVII (47), a $507 million (c.€471 million) Collateralized Loan Obligation ("CLO"). BNP Paribas acted as the lead arranger.