TSL Express Daily Articles & News

Shift Technologies, Inc. (Nasdaq: SFT), a consumer-centric omnichannel retailer for buying and selling used cars, today announced that it and its subsidiaries (collectively, “the Company”) intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court (“the Court”) to implement an orderly wind down of its business.

olifi, a global fintech software partner for secured finance, announced The Secured Lender named Solifi on its 2023 Great Places to Work list. This recognition is testament to Solifi’s commitment to attract and retain talent by offering an employee value proposition that includes opportunities to learn and grow as part of a dynamic global team, market-competitive compensation and benefits, a flexible work environment and the chance contribute regardless of your role.

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $25 million senior secured credit facility for a west coast-based leading manufacturer and distributor of action sports products.

More companies are borrowing against their assets, including inventory and receivables, as finance chiefs look to bolster liquidity amid financial stress from inflation and high interest rates.

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $30 million senior secured credit facility for a Midwest-based designer and manufacturer of footwear/slippers/hosiery. MRC's facility was used to refinance the debt of a competing nonbank lender and will be used going forward to achieve company growth objectives and manage the ebbs and flows of a seasonal industry.

Pathward Financial, Inc. (Nasdaq: CASH) today announced that Greg Sigrist has been appointed executive vice president (“EVP”), chief financial officer (“CFO”) - designee, beginning Nov. 1, 2023. Immediately after the filing of the Company’s Form 10-K for fiscal year 2023, Mr. Sigrist will transition to EVP, CFO, when he will succeed Glen Herrick, who will remain with the Company to aid in the transition and other projects until his retirement on December 31, 2023.

As announced in June 2022, the current Secretary General, Mr. Peter Mulroy, is set to retire on 29 February 2024. FCI has confirmed that Mr. Neal Harm will be taking over the role. Mr. Harm, originally from the United States, comes to FCI from his previous position at Fintainium, where he held the role of Chief Operating Officer. Prior to that, he was the Managing Director at CIT Commercial Services, where he was in charge of strategy, business development, and project management.

Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful re-pricing of its existing $1.3 billion Term Loan B, maturing Aug. 2, 2028. The new pricing will be SOFR plus 275 basis points, down from SOFR plus 300 basis points. Additionally, the interest rate floor for the Term Loan B has been lowered from 50 basis points to 0 basis points.

Versana today announced that it has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.

As South Florida’s banking landscape sees heightened demand amidst an influx of businesses, residents, and capital, Banesco USA, a community bank with over $3.57 billion in assets, is enhancing its commercial and industrial (“C&I”) and residential lending offerings to provide business owners with a one-stop shop for their corporate and personal financial needs.

Wolters Kluwer’s Corporate Performance and ESG division set to unveil functionality at Finance, Risk & Regulatory Reporting Client Conference in Sitges, Spain.

Willdan Group, Inc. (NASDAQ: WLDN) today announced that on September 29, 2023, the Company completed the refinancing of its credit facilities and entered into a new three-year credit agreement (the “Credit Agreement”) with a syndicate of financial institutions as lenders and BMO Bank, N.A. (“BMO”) as administrative agent.

United Capital Funding Group LLC, a Florida-based factoring firm completed 9 transactions totaling $7.15 million in accounts receivable financing in Q3 of 2023.

Loomis AB has signed an agreement for a syndicated Term Loan facility of EUR 115 million. The facility has a tenor of up to two years.

Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of ClearCompany Holdings, Inc. (“ClearCompany”) by an affiliate of private equity sponsor, Gemspring Capital Management, LLC (“Gemspring”).

Strong will help TAB further define and implement its strategic vision, identify growth and investment opportunities, and align with fintech partners

U.S. Bank has named Ariel Meyerstein as the head of its Environmental, Social and Governance (ESG) Program Office. In this role, Meyerstein will be responsible for ESG strategy development, program management, enablement, stakeholder engagement and reporting and disclosures in close partnership with business lines and functions across the enterprise.

Mitsubishi UFJ Financial Group (NYSE: MUFG) announced today the hiring of three seasoned relationship professionals within its Growth & Middle Market Technology team, aimed at bolstering the bank's continued expansion into the pre-IPO growth and middle-market public companies space in the Innovation Ecosystem.

ACME Credit Partners LLC, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market. ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors at Cerberus Capital Management — along with Charles Widger, an industry veteran.

Wolters Kluwer has introduced technology as part of its ongoing work to help banks comply with Basel reporting requirements. OneSumX for Basel is the latest addition to the company’s OneSumX suite of regulatory technology offerings.