TSL Express Daily Articles & News

Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10,000,000 revolving line of credit and equipment term loan for the acquisition of an automotive testing services company in Colorado.

SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Living Security. Living Security's mission is to transform human risk to drive dramatic improvement in human behaviors, organizational security culture, and infosec program effectiveness.

First Citizens Bank today announced that its Technology, Media and Telecommunications Finance business served as lead arranger of $345 million in financing on behalf of DataBank for construction of a new hyperscale data center in the Atlanta, Georgia, area.

Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that Carlos J. Vázquez will retire effective March 31, 2024 after serving as Chief Financial Officer (“CFO”) since 2013, and in other senior leadership positions since joining Popular in 1997. He will be succeeded by Jorge J. García, currently Corporate Comptroller and Chief Accounting Officer.

CareRx Corporation ("CareRx" or the "Company") (TSX: CRRX) today announced that it has entered into a binding commitment for a comprehensive refinancing transaction (the "Refinancing") with a syndicate of lenders led by a Canadian Schedule I chartered bank (the "Lenders") and arranged and managed by Crown Private Credit Partners Inc. ("Crown Private Credit").

Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle-market businesses, today announced an increase to the total commitments under its senior secured credit facility (the “Credit Facility”).

Hopkins & Carley is a premier Silicon Valley law firm meeting the legal needs of financial institutions, individuals, and business clients throughout the United States. The firm advises clients in business litigation, intellectual property, real estate, employment, estate planning tax, corporate, and commercial transactions.

A notable increase in concerns over risk management and regulatory compliance issues headlines key challenges facing U.S. banks, credit unions and other lenders, according to the results of the 2023 Regulatory & Risk Management Indicator survey conducted by Wolters Kluwer Compliance Solutions. The 2023 Indicator Main Score rose from an index level of 94 in the 2022 survey results to 119 this year, a 25-point index increase.

Hyde Park Capital is pleased to announce that its client, Nevada Surgical Suites (“NSS”), a leading provider of pain management solutions, including interventional pain management and minimally invasive spine surgery via a portfolio of ambulatory surgery centers, has entered into a joint venture with Surgery Partners, Inc. (“Surgery Partners”), a leading operator of surgical facilities and related ancillary services.

Digi International® Inc. (Nasdaq: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") products, services and solutions, today announced it has entered into a new senior secured credit facility. Lenders for the facility include BMO Bank N.A., as Administrative Agent, Bank of America, N.A., and MUFG Bank, Ltd.

Fortress Investment Group LLC (“Fortress”) today announced the acquisition of a global multi-manager hedge fund offering from PineBridge Investments and the hiring of Jeff Runnfeldt as Chief Investment Officer of a new global multi- manager investment platform, the Fortress Multi-Manager Group (“Fortress MMG”).

Wells Fargo & Company (NYSE:WFC) today announced that Darlene Goins is named head of Philanthropy and Community Impact and president of the Wells Fargo Foundation. She will be responsible for the company’s philanthropic strategy in housing access and affordability, financial health, small business growth and sustainability, reporting to vice chairman of Public Affairs Bill Daley.

Near Intelligence, Inc. (NASDAQ:NIR) (“Near” or the “Company”), a privacy-led data intelligence company, today announced that it and certain of its subsidiaries (collectively, the “Debtors”) have voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of Delaware (“Bankruptcy Court”) and will seek to sell their assets through a court supervised sales process.

Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Los Angeles-based Arthur Mattousch as a Managing Director in its Private Equity Performance Improvement Group (PEPI). Mr. Mattousch's hire underscores A&M's continuous effort to enhance its strategic capabilities, industry knowledge, and global talent base to maximize value and drive change for clients.

Recent transactions include a $150 million inventory financing facility with a leading automotive company with approximately $5 billion in revenue and a $60 million accounts receivables financing facility with a private equity sponsor-backed healthcare company with accounts receivables from Medicare, Medicaid and other investment grade health insurance companies

Evolution Credit Partners Management ("Evolution" or the "Firm), an alternative credit firm with approximately $3 billion in assets under management, announced today the close of two new trade finance facilities to add to its growing trade finance portfolio of ~$1.5 billion in total volume since inception.

First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided $85 million in financing to CVB Inc.

Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 127,000 gross wells across 28 states, today is pleased to announce an increase of the borrowing base and total commitments under the Company's revolving credit facility.

Carrie Goldfeder, a seasoned credit executive with over 25 years of credit and corporate finance experience across all facets of loan production, credit performance and portfolio management, has joined Old National Bank, the wholly-owned banking subsidiary of Old National Bancorp (“Old National”), as Chief Credit Officer. She will office out of Chicago.

Capstone Partners has released its 2023 Middle Market Business Owners Survey Report, with insights from privately-owned companies across the U.S. This report combines Capstone’s in-depth middle market knowledge with proprietary data obtained from 435 participating owners of privately held, middle market companies.