TSL Express Daily Articles & News

eCapital Corp., a leading commercial finance provider is pleased to announce a recent surge in fundings within its Asset-Based Lending Group. In a season characterized by remarkable growth, eCapital proved it's expertise in providing agile financing solutions across several industries.

The law firm of Moritt Hock & Hamroff LLP announced that Terese Arenth, Leslie Berkoff, Ted Berkowitz, Michael Cardello, James Chou, David Cohen, Robert Cohen, Theresa Driscoll, Andrew Eckstein, David Fitzhenry, Robert Fryman, Julia Gavrilov, Stephen Ginsberg, Henry Goldberg, Marc Hamroff, Alan Hock, Matthew Leeds, Dennis O’Rourke, Michael Re, Robert Tils, David Wechsler, Alexander Widell and Peter Zlotnick have been named New York Metro Super Lawyers® for 2023.

TAB Bank, a technology-driven online bank, announced the addition of Laura A. Schulte and Martha F. McGuire to its Board of Directors. Schulte and McGuire come to TAB’s Board with a wealth of large bank expertise in capital markets, deposit expansion strategy, M&A, commercial lending and more. They will assist in shaping the direction and strategic vision of the bank.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the additions of Mauricio Marron as Technology and Data Manager, Tammy Delgado as DTC Growth Senior Associate, and Miles Hindin as DTC Data and Strategic Insights Senior Associate.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of JM Zoning and Project Expediters Consulting Corp. (PECC), by Milrose Consulting, Inc. (“Milrose”). Milrose is an existing portfolio company of Southfield Capital.

Global private financial group headquartered in San Francisco supports development of high-end, state-of-the-art film studio facilities for international clients such as Disney, Netflix, Amazon, and Warner Bros.

MidCap Business Credit LLC, announced today that it has completed a $8 million asset-based credit facility to a manufacturing company located in Pittsburgh, PA. The company was established in 1954 and makes machinery and equipment for various industrial applications, for its domestic and foreign customer base.

Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Mark Johnson has joined the firm as Managing Director & Head of Industrials.

Sherwood Partners today announced the launch of Sherwood Advisory Services, a new advisory group that leverages the strength of Sherwood Partners’ platform to deliver tailored turnaround and restructuring solutions to middle market companies.

Altriarch Asset Management, LLC (“Altriarch”), a South Carolina-based private credit asset manager, is pleased to announce its new structured capital investment strategy (the “New Strategy”).

FTI Consulting, Inc. (NYSE: FCN) today announced the appointments of Cynthia Romano and Chris Creger as Senior Managing Directors in the Turnaround & Restructuring practice within the firm’s Corporate Finance & Restructuring segment.

Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.

When an independent children’s book publisher needed to find a lender to support their turnaround plan, it sought a partner that understood the publishing industry and would provide the working capital support to make timely royalty payments and fund payroll, even when key customer payments were delayed due to extended payment terms. That partner was Republic Business Credit, which extended a $1 million factoring facility to the company.

Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network. But lingering headwinds and recession risks still must be taken seriously.

Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million, with an accordion for $60 million.

FLO, a leading North American electric vehicle (EV) charging company and a smart charging solutions provider, announced it secured a C$60 million revolving credit facility from National Bank of Canada, via its Technology and Innovation Banking Group.

Renaissance Asset Finance, a subsidiary of the private and commercial bank, Arbuthnot Latham, has confirmed their support for specialist SME lender, One Stop Business Finance, with the completion of a block discounting facility. The revolving credit facility, which was completed in August, backs the Group with £5m to help them achieve their ambitious growth objectives.

K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan (the “Loan”) to K92.

MUFG announced it made several leadership changes within its Asset-Based Finance team, effective September 19. The changes are designed to align the team to better support MUFG’s overall ABF growth strategy in the Americas. Leadership team members will be based in three key markets – New York, Boston, and Los Angeles.

King Trade Capital is pleased to provide a seasonal increase to an existing clients PO finance facility in support of their seasonal sales growth into big box retail.