TSL Express Daily Articles & News

The Bank of Nova Scotia has acted as Administrative Agent, and along with Canadian Imperial Bank of Commerce as Co-Lead Arrangers and Joint Bookrunners, in connection with the amended Facility.

Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has closed on a new $12 Million revolving credit facility to ThirdLove, a female-founded, women's lifestyle brand that offers elevated essentials including bras, underwear, activewear and more, all designed by women, for women. This strategic financing partnership between SACP and ThirdLove will empower the intimates brand to fuel its growth and further enhance its customer experience.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $33mm senior credit facility to a skilled nursing facilities operator. Proceeds from the MidCap credit facility will be used to support working capital requirements.

PlainsCapital Bank has announced that Judge John Gonzales Jr. has joined its Edinburg lending group as senior vice president, commercial loan officer at the Bank’s 100 W. Cano Street location.

B. Riley Financial (Nasdaq: RILY) is pleased to announce the addition of Larry Kanter, CPA/CFF, CFE as Senior Managing Director with B. Riley Advisory Services, a leading provider of business advisory, appraisal and specialty financial consulting services. Kanter is based in Dallas, Texas and joins the firm’s national Forensic Accounting and Litigation Support practice.

CapitalPlus Financial Services, a respected provider of tailored working capital solutions, proudly announces the successful facilitation of $2 million in funding for a renowned concrete contractor based in New York.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $20 million in growth capital to MacroFab, the comprehensive manufacturing platform for building electronics from prototype to high-scale production.

Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The financial support from VPC will propel Klar during a moment of transformative growth for the company, as it expands product offers that provide Mexicans with enhanced access to reliable, simple and transparent credit cards.

Wingspire Capital committed a $35 million senior secured term loan and a $15 million revolver to Tooling Tech Group as the company leans into a new era of growth. The proceeds will be used to best position the Fenton, Michigan-based company to take advantage of industry tailwinds in support of its disciplined growth strategy, both organically and via compelling M&A opportunities both in the automotive sector and other end markets.

On August 24,Tiger Group and HyperAMS will auction more than 400 woodworking and other assets from the 220,000-square-foot furniture plant formerly operated by Solid Comfort, a tier-1supplier of wooden and laminated case goods for hospitality leaders such as Marriott, Hilton, Best Western and My Place.

eCapital Corp. ("eCapital" or "the Company"), an industry leader in financing solutions for businesses throughout North America and the U.K., announced today that it has achieved the 1383rd position on the esteemed 2023 Inc. 5000 list, highlighting an impressive growth rate of 422%.

SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Modo Labs via an $8 million credit facility. Modo is the only low-code app building platform exclusively designed to deliver a digital campus and workplace experience.

In June 2023, Amerisource participated in an equity co-investment in a common equity raise for Monarch Resource Partners LLC (“Monarch”). Monarch provides zero-emission natural gas contract compression services with its electric drive EcoFlex™ compressor fleet.

Prime Trust, LLC and certain of its affiliates (collectively, the “Company”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a loan to refinance American House St Petersburg, a senior living community located in St. Petersburg, Florida.

Solifi™, a global fintech software partner for secured finance, announced that Merchant West Group, a leading privately-owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”), by GEM Manufacturing (“GEM”). GEM is an existing portfolio company of CORE Industrial Partners.

FruitBreeze LLC, a wholesale trader of fruits and vegetables, has been granted a factoring line by Marco to offer better payment terms to its overseas customers without disrupting its day-to-day operations. Currently, the company serves well-known clients in both the United States and Japan. With the help of this new factoring arrangement, they are also expanding their customer base to new markets, including Europe. ​

TradeCap Partners recently closed a $1,000,000 purchase order finance facility with an aerospace parts distributor based in Florida. Continued year over year growth combined with an existing credit facility structured around a single customer was constraining cash flow.

Gipstein Law PLLC is a boutique law firm that specializes in transactional real estate as well as representing private commercial lenders, private mortgage lenders, and providers of various types of sales-based financing.