TSL Express Daily Articles & News

Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.

HLS Therapeutics Inc. ("HLS" or the "Company") (TSX: HLS), a pharmaceutical company focusing on central nervous system and cardiovascular markets, announces an extension to its credit agreement, senior secured term loan, revolver facility and expansion facility (the "Amended Agreement") with a syndicate of leading bank lenders (the "Syndicate") led by JPMorgan Chase Bank as Admin Agent and Arranger.

Triad Financial Services, a subsidiary of ECN Capital Corp (TSX : ECN) (“ECN Capital” or the “Company”), a leader in financing solutions to manufactured housing dealers across the U.S., today announced that it has signed a letter of intent for $1.14 billion in financing from Blackstone’s Asset-Based Finance (“ABF”) Group.

Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has entered into a revolving loan and security agreement in connection with an Asset Based Loan ("ABL") with Amerisource Funding, Inc. ("Lender").

MidFirst Business Credit (MFBC) announced it has recently provided a working capital and term facility to Anthony Machine (Anthony). Headquartered in San Antonio, Texas, Anthony provides design and high-precision fabrication services, specializing in small to large gearboxes, pumps, shafts, housings, assemblies, and industrial equipment and parts and repair and maintenance services to companies in the petrochemical, mining & aggregate, aerospace, and processors for the oil and gas industries.

SFNet is pleased to announce the winners of its 2023 Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn Ltd. Members of SFNet’s International Finance and Development Committee judged the essay submissions and have chosen:

Mind Medicine (MindMed) Inc. (NASDAQ: MNMD), (NEO: MMED), (the “Company” or “MindMed”), a clinical stage biopharmaceutical company developing novel product candidates to treat brain health disorders, today announced that it has entered into a senior secured credit facility with K2 HealthVentures, a healthcare-focused specialty finance company.

1st Commercial Credit, LLC, a distinguished financial services provider, is pleased to report the successful procurement of $170 million in credit protection from Allianz Trade for its affiliated factoring companies, namely Capital Credit Incorporated, Commerce Commercial Credit, Inc, and Contract Credit, Inc.

Carolyn Crooks joins Evercore today (NYSE: EVR) as a senior managing director in the Financial Sponsors Group and will be based in New York. Ms. Crooks comes to Evercore after 21 years at Barclays, where she was a managing director in the financial sponsors group.

Morgan Lewis is bolstering its commercial real estate finance bench with the addition of former Stroock & Stroock & Lavan partner Michael (Mike) McCarthy. Arriving as a partner resident in New York, Mike will continue to advise institutional lenders, borrowers, and investors on a variety of commercial real estate finance and related matters.

Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken. Based in Frankfurt, Germany, Telefunken has become one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio.

After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects. Those impacts may include closer regulatory scrutiny for both traditional and non-bank lenders, according to Wolters Kluwer Compliance Solutions expert Kevin Wilzbach.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as advisor and placement agent to Transom Capital Group (“Transom”) in connection with its acquisition of the Professional Division of Bose Corporation (“Bose Professional”).

Greenbacker Capital Management (“GCM”), a leading renewable energy asset manager, announced today that, through an affiliated investment vehicle, it has completed a $148 million tax equity financing commitment with RBC Community Investments. The commitment—one of the very first tax equity deals to utilize the solar production tax credit (“PTC”)—is helping finance one of the largest solar projects in GCM’s fleet.

Medalist Partners and Semper Capital Management have expanded their partnership in the structured credit space, with Medalist formally announcing plans to integrate the Semper Capital business onto its platform. As part of this process, various Semper Capital investment and support personnel will join Medalist where they will manage their existing strategies with the enhanced resources of the Medalist platform, while continuing to leverage the robust investment process developed within Semper Capital over the past 30 years

Comerica Bank has promoted Grant Simon to Senior Vice President - Technology and Life Sciences (TLS), Group Manager, San Francisco, effective August 11, 2023. He will report to Robert Hernandez, Group Manager, TLS – California.

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, today announced that it has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $2.6 million in financing to support the acquisition and transition of ownership for White Wood Kitchens, the well-known kitchen and project management company in Cape Cod, MA, to former Information Technology leader, Anton Emelianov.

- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has successfully refinanced its existing loan facility dated July 24, 2019, by entering into an agreement for a Revolving Credit Facility (the “RCF”) of up to US$20,000,000 with Nordea Bank Abp, filial i Norge (“Nordea”), through separate wholly-owned subsidiaries of the Company, thereby extending the loan’s maturity date to 5 years from the signing of the agreement.

Corvid Peak Capital Management LLC (“Corvid Peak”), a subsidiary of Tiptree Inc. (NASDAQ: TIPT) (“Tiptree” or the “Company”) announced today that it has reached an agreement in principle for the Coherence Capital Management (“Coherence”) team of Lazard Asset Management to join Corvid Peak. Coherence manages a liquid long/short credit hedge fund strategy with approximately $150 million of assets under management, including the Coherence Long/Short Credit fund.