TSL Express Daily Articles & News

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 factoring transactions by its West Coast office.

Ocean Bank has closed on a $10 million capital facility to a major flower importer that will provide the company with working capital during its low season and allow for its continued growth.

SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Folloze via a $6 million credit facility. Folloze, the world’s first and only no-code B2B Buyer Experience Platform (BX 3.0), is used by B2B marketing, sales, and revenue teams.

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $10.1 billion, up 14 percent year-over-year from new business volume in August 2022. Volume was up 2 percent from $9.9 billion in July.

Our wealth of data and information is core to our business, but we just don’t accept numbers and figures and move on. We take extra steps to fact check, walk the properties, go on-site, visit with managers, and partner with third parties, all in the name of getting it right. The legwork pays off when we create new possibilities while respecting legacies.

Golub Capital today announced that Karim Salazar Antoni has joined the Firm as a Director based in Miami. In his new role, he will be dedicated to serving the U.S. offshore market alongside institutional and private wealth investors in Latin America.

Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) is pleased to announce that it has amended its existing revolving credit facility (the “Amended Credit Facility”) to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027.

The company, which sells to some of the largest U.S. retailers, suffered from rising costs and disruptions in its supply chain.

Siena Lending Group LLC ("Siena") announces the completion of a $20 million asset-based revolving line of credit for a privately held aerospace manufacturer (“AM”) headquartered in Ontario, Canada. The facility was established to repay certain existing shareholder debt and to support the company’s future working capital needs.

Cape Cod 5, headquartered in Hyannis, MA, and Fidelity Bank, headquartered in Leominster, MA, today announced that they have reached an agreement to merge their respective mutual holding companies under one multi-bank holding company, Mutual Bancorp, subject to regulatory approval.

InterNex Capital provided a $1.5 million facility to a Pennsylvania-based staffing company that provides consultants to Fortune 500 companies. The client sought to replace their existing combination of small lenders. Additionally, Client needed a working capital partner that could provide more flexible credit limits.

Encina Lender Finance, LLC (ELF) announced today the closing of an inaugural $25,000,000 senior credit facility for Sparrow Financial. Headquartered in Las Vegas, Sparrow is a fintech startup lending to consumers nationwide.

Amerisource Business Capital announced the closing and funding of a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry.

Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX:SII) today announced that Sprott Private Resource Lending Fund III (“Fund III”) has completed its final closing. With the close of Fund III, total assets under management of Sprott Resource Lending Corp (“SRLC”) stands at U.S.$1.5 billion within the Company’s private strategies segment.

Rite Aid (RAD.N) is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, the Wall Street Journal reported on Friday, citing people familiar with the talks.

On September 15, 2023, MSG National Properties, LLC (“National Properties”), a wholly-owned direct subsidiary of MSG Entertainment Holdings, LLC, a wholly-owned direct subsidiary of the registrant, Madison Square Garden Entertainment (NYSE: MSGE)., entered into Amendment No. 3 to Credit Agreement (the “National Properties Amendment”) to the Credit Agreement, dated as of June 30, 2022, as amended by Amendment No. 1 to Credit Agreement and Waiver, dated as of April 18, 2023

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with more than $7.5B in owned and managed assets, announces that industry veteran Carl Bretzman has joined the company to manage and grow business development initiatives in its Industrial Finance division.

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank. She will lead all of Webster’s corporate legal services.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that the firm has appointed Amos McDonald as head of Business Banking, effective immediately.

WithSecure Corporation has signed a new committed EUR 20 million revolving credit facility (RCF) with OP Corporate Bank.