TSL Express Daily Articles & News

SLR Equipment Finance is pleased to announce Jeffrey Schaefer has joined our company as Associate Vice President, Direct Sales. In his role, Jeffrey will help grow SLR Equipment Finance’s leasing and lending activities in Texas, Louisiana, New Mexico, Colorado, Oklahoma, Arkansas, Kansas, Missouri, Illinois, Iowa, Nebraska, South Dakota, North Dakota, Minnesota & Wisconsin. Jeffrey began his career with North America Commercial Financing.

Hidden River announced its most recent platform investment in Diamond Blade Warehouse (“DBW”), a leading distributor of diamond cutting tool products used for a variety of applications.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that it has partnered with 954 Consultants LLC to provide a comprehensive supply chain financing solution to support their rapid expansion in the commercial and government sectors.

Bank of America, N.A. is administrative agent, JPMorgan Chase Bank, N.A. acted as syndication agent, and BOFA Securities, Inc. and JPMorgan Chase Bank, N.A. acted as joint lead arrangers and joint bookrunners.

Emmet, Marvin & Martin, LLP announced today that Edward M. Fox has joined the firm as a partner in the Creditors' Rights, Workouts, Restructuring and Bankruptcy Group. A nationally recognized bankruptcy lawyer, Mr. Fox brings 38 years of experience representing clients in some of the largest bankruptcy cases in the country.

-Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolver credit facility led by PNC Bank, N.A. to December 2028, with enhancements that provide working capital flexibility, liquidity, and other favorable terms -- including opportunities to benefit from reduced interest rates.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Rob Kordas has joined the firm as a Managing Director in its Industrials Group. Mr. Kordas is based in Chicago and will lead coverage of the energy field services and equipment sector.

Benoit Lavigne, a former finance partner at Ropes & Gray, will be re-joining the firm in early January as a partner in its market-leading finance practice, in London. Benoit advises private credit providers and other lenders, as well as borrowers, on a broad range of complex finance matters including acquisition finance, general corporate lending, asset-based lending, restructuring, and workouts.

QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced that, effective December 8, 2023, it entered into a seventh amendment (the "Seventh Amendment") to its amended and restated credit facility, dated as of December 21, 2018 (as amended, the "Credit Agreement") to increase the line of credit and extend the maturity date.

SLR Digital Finance closes $5 million credit facility for Engine Vision Media, owners of Los Angeles magazine, Orange Coast magazine, Pasadena magazine, and Los Angeles Magazine Studios. The facility will support the company’s working capital needs and to fuel growth as they expand their publication footprint nationwide along with their increased efforts in digital, podcasts and long-form content.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: a $300,000 factoring facility for a staffing company in Tennessee and a $250,000 factoring facility for a transportation company in Washington.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: a $300,000 factoring facility for a staffing company in Tennessee and a $250,000 factoring facility for a transportation company in Washington.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $500,000 factoring facility for a transportation company in Ohio. A $300,000 factoring facility for a staffing company in Tennessee.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $750,000 factoring facility for a transportation company in Illinois and a $500,000 factoring facility for a transportation company in Ohio.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $600,000 factoring facility for an apparel company in North Carolina; a $750,000 factoring facility for a transportation company in Illinois.

Expansion Capital Group, LLC (“ECG”) is pleased to announce its billionth dollar in funding, reinforcing its mission to support the “Expansion” of America’s Small Businesses with simple and efficient capital. Since inception in 2013, ECG has provided services to over 20,000 small businesses across multiple industries nationwide.

Key findings include: Q3 showed continued economic growth with the GDP expanding by 5.2%, with much of the growth driven by consumer spending. With this as a backdrop, the secured finance industry continued to hold steady in total commitments with a modest 0.2% growth in Q3 relative to Q2 while portfolios remain healthy with non-accruals

Encina Private Credit (“EPC”) is pleased to announce Mike Hensinger has been named Chief Executive Officer, effective immediately. Hensinger has also joined the EPC Board of Directors. Mike joined EPC in June 2022 as President and Chief Commercial Officer to lead originations, syndications, and product development where he helped drive double digit growth in the business.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.75 million.

Outdoor furniture company RST Brands has sold as a going-concern to Surya, the global household furnishings brand, in the latest turnaround by Tiger Group’s Advisory Services division.