TSL Express Daily Articles & News

Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), is pleased to announce it has entered into a $5 million revolving credit facility (the "Credit Facility") with East West Bank.

Company To Pursue Sale of Business Under Section 363 of the Bankruptcy Code; Group of Existing Investors to Serve as Stalking Horse Bidder and $10 Million Debtor-in-Possession Financing Secured to Support Ongoing Operations and Chapter 11 Process as Focus Continues on Danville Virginia Farm and Microgreens Products

Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $110.7 million in new middle-market investment commitments during the three months ended June 30, 2023.

Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 5% and revenue growth of 4% during the first two months of the second quarter of 2023.

John Podkowsky of Darien, CT died on Sunday July 9, 2023 peacefully at home. He was 78 years old. John worked in the banking industry for his entire career, including 25 years as an executive for Citigroup’s Corporate Finance division. For the full obituary, please click here.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that it served as lead advisor on Apollo Veterinary Medical Hospitals and AVMH Ventures’ (“Apollo” or the “Company”) recapitalization and acquisition of a multi-state portfolio of Pet Supplies Plus (“PSP”) retail pet stores.

F.N.B. Corporation (NYSE: FNB) recently announced the promotion of Scott Mizerak to Chief Digital Officer of its banking subsidiary, First National Bank, and its affiliates.

Kornbacher joined the firm in 2022 as partner and Co-Head of the Clifford Chance Tech Group, a cross disciplinary team of more than 600 lawyers globally advising on Tech risk and opportunity. She is a technology and intellectual property lawyer who leverages her extensive knowledge and experience to assist clients in fields such as software, hardware, energy, sports, aviation, and retail.

Citizens today announced that veteran banking executive Mark Lehmann, chief executive of JMP Group, has been named as its California President to accelerate growth in a key market where the bank has recently added some of the state’s top private bankers.

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment and fund working capital in Medisolv, a leading healthcare quality management platform.

St. Cloud Capital, LLC, a Los Angeles based private investment firm, is pleased to announce the final closing of its fourth fund, St. Cloud Capital Partners IV SBIC, LP ("Fund IV") with total capital commitments of $236 million including leverage from the Small Business Administration. Since its inception in 2001, St. Cloud Capital has managed over $700 million in total capital across its four funds.

-PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and private companies and is the private capital arm of PGIM, the $1.27 trillion global investment management business of Prudential Financial, Inc.

Polen Capital’s high-yield team has published their Leveraged Credit Mid-Year Review and Outlook, with insights on a tumultuous 2023 so far and what a contracting economy could mean for investors.

Lighthouse Financial Corp. is pleased to announce the completion of a $4,500,000 credit facility to a North Carolina-based premier fabricator of hard surfaces, glass, and accessories. Founded in 1990, the company is one of the largest manufacturers and installers of natural and engineered surfaces for the kitchen and bath in the Southeastern United States.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized businesses in the United States announces the completion of a $4,500,000 factoring facility for a Florida-based Command and Control (C2) Equipment Reseller, Integrator and distributor in the defense industry.

A US-based beverage company's bank no longer supported the client when their inventory needs grew beyond the bank’s lending formula. An asset-based lender who offers inventory, purchase order financing, as well as invoice financing came to an agreement with the client on a replacement facility.

Some of these facilities include: A 1,500,000 factoring facility for a transportation company in Illinois. A $600,000 factoring facility for a transportation company in North Dakota. A $350,000 factoring facility for a transportation company in Alberta.

J D Factors provided $10,275,000 in new factoring facilities to 29 new clients in the US and Canada during the month of June.

J D Factors provided $10,275,000 in new factoring facilities to 29 new clients in the US and Canada during the month of June. Some of these facilities include: A $300,000 factoring facility for a transportation company in California. A $500,000 factoring facility for a transportation company in Nevada.

J D Factors provided $10,275,000 in new factoring facilities to 29 new clients in the US and Canada during the month of June. Some of these facilities include: A $300,000 factoring facility for a transportation company in California. A $500,000 factoring facility for a transportation company in Nevada.