TSL Express Daily Articles & News

36th Street Capital, a prominent provider of equipment financing solutions, proudly announces the immediate appointment of Eric A. McGriff as its new Chief Risk Officer (CRO). Mr. McGriff takes the reins from Gerry Kammerer, the longstanding CRO of 36th Street Capital, who will transition into an advisory capacity.

Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for HighFive Healthcare (“HighFive”, or the “Company”), a Birmingham, Ala.-based specialty dental service organization (“DSO”).

Santander acted as administrative agent, joint lead arranger and joint bookrunner on the credit facility and is one of eight international and U.S.-based banks providing financing to support WTEC’s production, logistics, fleet management and day-to-day operations.

After eight years of diverse experiences across the financial services industry, Tyler Jones is returning home to Griffin, Georgia, as the newly appointed Market President for Georgia Banking Company (GBC).

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital and Texas Capital Securities, announced key leadership appointments and enhanced capabilities as part of its Corporate & Investment Bank offerings for the energy sector.

Commercial Finance Partners (CFP) is proud to announce the closing of a $15,000,000 enterprise value-based cash flow term loan with a $5,000,000 multi delayed draw term loan for the refinance and de novo growth strategy of a specialty dentures and implants DSO.

U.S. Bank says it wants to give smaller medical practices the same financial help as their larger counterparts. The bank on Thursday (Sept. 14) announced a program to offer banking, payments and wealth management services for healthcare practices with up to $25 million in yearly revenue.

Bladex acted as Joint Lead Arranger and three additional financial institutions joined the facility including Deutsche Bank AG as Global Coordinator and Joint Lead arranger. The funds from the Facility will be used to fund Ecopetrol's organic investment plan in 2023.

-Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-4, Ltd. (“STCP CLO 4” or “the Fund”), the Firm’s fourth collateralized loan obligation since launching the CLO platform in July of 2021 and the Firm’s third CLO in 2023.

SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it has originated a $3 million loan for a Washington-based organic, THC-infused beverage company to support its expansion into the California market.

Helios Towers PLC on Thursday said it has signed a new five-year term loan facilities agreement of up to USD600 million and a revolving credit facility agreement for up to USD120 million.

The Prax Group ("Prax") – a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream – has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility").

Leonid Capital Partners (“LCP”), a Huntington Beach-based specialty credit fund, announced today that it has secured a $200 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The credit facility will be used to leverage LCP’s first institutional fund and finance a portfolio of loans to contractors serving the U.S. Department of Defense (“DoD”).

Zions Bancorporation, N.A., through its Utah division, Zions Bank closed and funded a $4,000,000 credit facility for a client in design, manufacture, and logistics. The credit facility consisted of a multi-year revolving line of credit.

US Capital Global Securities LLC, an affiliate of US Capital Global, has provided customized financial advisory services for Danish high-security smart card provider CardLab ApS (“CardLab” or the “Company”), culminating in a $10 million offer for convertible note financing. CardLab provides best-in-class technical design and manufacturing support for biometric card solutions, including scalable security platforms and seamless integration into existing cybersecurity infrastructure.

The heads of the bank's five divisions will report directly to the CEO, and the bank will also cut regional leadership roles outside North America. Job cuts are expected, but the number and financial impact are still unclear.

Unlock Technologies Inc. (Unlock), a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have secured a $100 million revolving credit facility led by Texas Capital Bank (Texas Capital).

Regions Bank on Wednesday announced Anna Brackin has been appointed to serve as Chief Compliance Officer overseeing the company’s compliance risk management program. In addition, Gary Walton recently joined the bank as Business Unit Chief Risk Officer for Regions’ Consumer Banking and Wealth Management divisions.

Blackstone Inc. BX has integrated its corporate credit, asset-based finance and insurance groups into a single unit called the Blackstone Credit & Insurance (“BXCI”). BXCI is expected to accelerate growth by creating a more seamless experience for clients and borrowers.

CIBC Innovation Banking announced today that it has provided $13 million in growth capital financing to Performio, an incentive compensation-software company. Performio offers a SaaS platform that unlocks the power of incentive compensation management; saving on the time, money and resources required to manage the complexity of paying people on performance