TSL Express Daily Articles & News

Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company ("Cambridge Trust"), and Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced they have entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million.

U.S. Bank announced today that strategy and marketing executive Kai Sakstrup has been named chief product officer for its Wealth, Corporate, Commercial and Institutional Banking (WCIB) division. Beginning Oct. 1, Sakstrup will lead a cross-functional team in developing and creating new products across the WCIB organization to better serve wealth and institutional clients, commercial businesses and corporations.

Sales growth meant this flourishing oil and gas services business needed additional working capital to fulfill a growing number of orders. With a limited financial history, the banks were reluctant to help and they were referred to Sallyport.

Baker Garrington Capital Corp. announced it originated a $1 million factoring facility for a company in the energy sector based in Texas. Funds were needed for cash flow.

Baker Garrington Capital Corp announced it has provided a $3 million factoring facility to a company in the construction and energy industries, based in Texas. Funds were needed for cash flow.

IMER USA and SLR Equipment Finance announced today that the companies have entered into a strategic partnership that provides custom financing solutions for IMER USA’s end users. ​

Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, announced today that on September 15, 2023, it entered into a new $100 million revolving credit facility.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $5 million credit facility for an automotive parts producer. The manufacturer had been struggling to meet its obligations to its suppliers and had to find additional liquidity.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Kristyn Scott has recently joined the company as Director of Capital Markets. ​

Michael Doyle, vice president – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $12,000,000 revolving line of credit, equipment term loan, and equipment CapEx line for an oilfield service company in Texas.

SLR Credit Solutions (“SLR CS”) announced the closing of a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt or “the Company”).

Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") announced today that it has successfully refinanced its leverage by entering into a new revolving debt financing facility ("Revolving Credit Facility") with a major unaffiliated financial institution.

Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it intends to offer for sale (the "Offering") $200.0 million in aggregate principal amount of senior notes due 2028 (the "2028 Notes").

Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, has amended its existing Delayed Draw Senior Secured Loan Facility (the “Credit Facility”) with Victory Park Capital Advisors, LLC (“VPC”), effective September 13, 2023.

The Company is a leading innovator and provider of services and solutions for intelligent transportation systems in North America, and is one of the top four companies in their space in the U.S.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it is opening an office in Denver, Colorado to house a growing team of professionals in the area.

Wintrust Business Credit (WBC) is happy to announce the closing of a new $7 million asset-based line of credit to support the acquisition of a Minnesota-based distributor of fresh and frozen seafood.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Hailey Wynn and Scott Voigt to the firm as Associates. Gridiron continues to prioritize investing in its internal capabilities and adding strong talent across all levels of its team.

Horizon Technology Finance Management LLC ("Horizon"), the manager and investment adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN) and an affiliate of Monroe Capital, today announced that it has hired Paul A. D'Agrosa as Vice President, Business Development. Horizon underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries.

SLR Capital Partners, LLC ("SLR"), a private credit platform specializing in direct lending to U.S. middle market companies, announces that Chris York has joined the firm as a Partner. York will focus on product and business development, leveraging his 17 years of experience in the credit and alternatives investment industry.