TSL Express Daily Articles & News

Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation firm, is pleased to announce the appointment of Gina Griffin as Senior Vice President. With a remarkable career spanning more than two decades, Griffin brings a wealth of expertise in the appraisal and liquidation industry, particularly in retail, consumer products, and e-commerce.

CRB Workforce LLC (“CRB”) is a California-based workforce solutions provider with an established niche in the entertainment, online education, consumer apparel, and travel sectors providing IT and marketing support. CRB has a track record of providing consulting and contract resources across the United States which has contributed to the hyper-growth of their business and positioned them to expedite their growth.

USD Partners LP announced today that it has entered into an agreement (the “Second Waiver Extension Agreement”) with the lenders and administrative agent under its existing Credit Agreement to, among other things, extend the forbearance period as provided in the previously announced Waiver Extension Agreement, dated as of October 6, 2023, from its expiration date of November 3, 2023 to November 17, 2023.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the winners of its second annual Gamechangers in ESG Awards program.

B. George Walker joins as Counsel and Amber J. Mannings and Jessica Huang join as Associates in the firm's Litigation and Dispute Resolution Practice Groups, while Brady M. Foster joins the firm's Secured Lending Practice Group as an Associate.

First Citizens Bank today announced that its Commercial Real Estate business provided $44 million in construction financing to Greek Real Estate Partners ('GREP') — a leading New Jersey-based, vertically-integrated real estate firm focused on industrial development — to build a Class A distribution center seven miles north of Downtown Philadelphia.

Performant Financial Corporation (Nasdaq: PFMT) (Performant), primarily operating as Performant Healthcare Solutions, a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today the completion of a refinancing of its existing credit facility with a new credit facility with Wells Fargo that has a $25 million revolving loan commitment, subject to customary asset-based loan borrowing base limitations.

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $3,000,000 revolving accounts payable funding facility for a well-known sports equipment brand for professional and youth athletes alike.

We are a boutique lessor that works with Angel & Venture Capital backed start-ups to achieve their goals by providing leases for necessary capital equipment.

MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to LDC Stone, Inc. (“LDC”). Headquartered in Addison, TX, LDC provides design, manufacturing and installation of kitchen and bath cabinet solutions to builders/contractors of single family and multi-family dwellings.

Phoenix's Q3 2023 "Lending Climate in America" survey asked lenders how they have changed their approach to pursuing new business. With the various changing environments (geopolitical, interest rate, etc.), 50% of lenders said that they have been less aggressive in chasing new opportunities. The other 50% are evenly split between maintaining standards when pursuing new business opportunities and becoming more aggressive in approaching new business.

CIBC Innovation Banking announced today that it has provided an upsize to its growth capital financing facility with Jirav Inc. (Jirav). The company will use the financing to further accelerate product development, broaden its customer base across small and medium-sized businesses (SMBs), mid-market companies, and accounting firms while hiring talent to support its growth.

WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses.

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $10MM Debtor-in-possession (DIP) loan to a chemical manufacturer in Houston, TX. Using the company’s manufacturing plant and excess land as collateral, Briar Capital provided a DIP loan facility to allow the business time to reorganize and position itself for a successful exit in the future.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Scott E. Damiecki, CPA, CCIFP, Partner, is assuming the role of Construction Industry Leader effective February 1, 2024. This is a critical time for the firm’s Construction practice which is currently experiencing substantial growth and a rise in client demand as a result of the nation’s historic investment in infrastructure.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a manufacturer of custom glass and insulated glass units. The company needed the liquidity boost to continue its strategic growth.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Joseph Spinelli has joined the firm as a Managing Director in its Restructuring & Dispute Resolution practice. Spinelli is a globally recognized thought leader and practitioner in the areas of white-collar investigations; the Foreign Corrupt Practices Act (FCPA); anti-bribery and corruption; integrity monitorships; and risk management.

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has named Lisa Heacock its new market managing partner for Portland and the Seattle metro area.

TruMark Financial® Credit Union, a leading financial institution in Southeastern Pennsylvania, announces the expansion of their business banking and commercial lending division.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $3.5 billion in assets under management (committed capital including debt facilities as of 9/30/2023) focused on generating defensive and premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Eric Kirsch has joined as Senior Advisor.