TSL Express Daily Articles & News

A leading innovator and provider of services & solutions for intelligent transportation systems in North America, this company is one of the top four companies in their space in the U.S., and its parent is one of the top three players in Europe.

David Ellison’s Skydance Media has closed a new five-year, $1 billion credit facility led by J.P. Morgan, Skydance CFO & EVP of Business Operations, Larry Wasserman and Head of Entertainment Industries for J.P. Morgan’s Corporate Client Banking Group, David Shaheen, announced on Tuesday.

CIBC Innovation Banking announced today that it has provided an extension to its existing growth capital financing to construction-software company, Bridgit. Bridgit's workforce planning and optimization platform transforms workforce data into actionable insights, allowing contractors to bid on and staff projects with information at their fingertips.

First Citizens Bank today announced that its Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, a new entertainment production facility 100% pre-leased to MediaPro Studios, located in Yonkers, New York.

Agility Capital, an innovative lending company, announces that the firm completed a recent financing of SafeTraces, the global leader in sustainable indoor air quality testing that actively measures pathogen risk. Agility acted as the sole lender in this financing.

Wintrust Business Credit (WBC), a subsidiary of Wintrust (NASDAQ: WTFC), today announced the addition of Joe Panico as Senior Vice President- Business Development, growing WBC's footprint in the Great Lakes Region, as part of the group's expansion into new strategic markets.

Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, today announced that it completed the initial closing on a $70 million credit facility with J.P. Morgan and a $20 million equipment supply loan with First Citizens Bank.

Pilot Wave Holdings ("Pilot Wave"), the world's leading technology-focused acquisition and growth firm, has closed on a $6MM credit facility with Aequum Capital, which will provide working capital to support continued growth and acquisitions of additional portfolio companies.

China will serve alongside Melissa Smith as co-head of IE for Commercial Banking (CB), J.P. Morgan said in a Tuesday (July 11) press release emailed to PYMNTS. Smith is continuing her dual role as co-head of IE and head of specialized industries for CB, according to the release.

Peoples Bancorp Inc. today announced that Chuck Sulerzyski, 66, has notified Peoples of his intention to retire as President and Chief Executive Officer ("CEO") of each of Peoples and Peoples' banking subsidiary, Peoples Bank, effective March 31, 2024. Peoples also announced today that Tyler Wilcox, 44, will become the next President and CEO of each of Peoples and Peoples Bank, and will be elected as a director of each of Peoples and Peoples Bank.

Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) announced today that, subject to market conditions, it intends to offer (the "Offering") for sale to eligible purchasers in an offering under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), $450 million in aggregate principal amount of senior secured second lien notes (the "Notes") to be issued by Seadrill Finance Limited

Her Many Horses, a member of the Rosebud Sioux Tribe of South Dakota, is one of the first enrolled tribal members to be named managing director at a major US bank, Wells Fargo said in a statement Monday. He is a member of the Commercial Banking Diverse Segments team and co-chairs the Wells Fargo National Unbanked Advisory Task Force.

As a part of its ongoing commitment to the Innovation Economy (IE), J.P. Morgan announced today that John China will join the firm as Co-Head of IE for Commercial Banking (CB). Based in San Francisco, China will serve alongside New York-based Melissa Smith, who is continuing her dual role as Co-Head of IE and Head of Specialized Industries for CB.

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 the exclusive financial advisor to SMG Industries, Inc. in connection with its acquisition of Barnhart Transportation, an established logistics and transportation solution provider based in Pennsylvania.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $23.8 million senior secured term loan facility with Madison-Kipp Corporation ("Madison-Kipp" or the "Company"), a company owned by PineBridge Investments and other investors.

First Citizens Bank today announced that its Maritime Finance business arranged up to $30 million for affiliates of MSea Capital to refinance MR product tankers. MSea Capital founded in 2012 is an international maritime investment and asset manager with expertise in tanker and commodity shipping.

White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”) have closed a new $287.5 million 3-year Senior Secured Credit Facility with Majestic Steel USA Inc., a Midwest based distributor and value-added service provider of flat-rolled steel products with operations throughout the United States (“Majestic Steel” and “the Company”), acting as Sole Arranger and Bookrunner.

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 Really Great Reading Company, Inc. (“RGR”) by The Vistria Group.

Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), announced today it has completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank. Initially, this team will handle the transfer and servicing of about 150 loans in Customers Bank’s recently acquired $631 million venture banking loan portfolio but are expected to gather significant deposits from these clients and grow Customers Bank’s Tech & Venture and Fund Finance lines of business.

Gibraltar Business Capital is proud to announce it has hired S.N. Thomas, a lending expert with 25+ years’ experience, as an SVP and Underwriting Manager. ​ As part of his extensive career, Thomas spent over 20 years at Wells Fargo, primarily in the asset-based lending group.