TSL Express Daily Articles & News

Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported the closing of a new senior secured reserve-based revolving credit facility (the “Credit Facility”) with Frost Bank as the issuing bank and sole lender. The new Credit Facility will replace the Company’s previous credit facility.

Integra Asset Solutions, LLC, a leading asset valuation and liquidation company, is pleased to announce the appointment of Linda Budz, Esq., as Vice President of Business Development. With a diverse background in litigation, as well as an impressive track record capturing new business and driving growth in the commercial finance industry, Budz brings a wealth of expertise and strategic vision to Integra.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the strategic expansion of its origination team with the appointment of Andrew Ghannam as Managing Director of Tech Lending, based in New York.

Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant-based foods, announced today that it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code (“Bankruptcy Code”) in the United States Bankruptcy Court for the Central District of California (“Bankruptcy Court”) and intends to pursue a sale of substantially all of its assets under Section 363 of the Bankruptcy Code.

Stratus Financial, a leading provider of aviation financing solutions, successfully closed a new credit facility for $30 million. This credit facility is aimed at increasing the funding capacity for students pursuing their aviation dreams. With this new facility, Stratus Financial will be able to work faster, smarter, and better in the industry, helping more pilots than any other lending facility in the flight training industry.

The secured multi-currency revolving credit facility has a three-year maturity, with two subsequent one-year extension options. The floating interest rate margin is less than 2 percent above EURIBOR1. The credit facility also includes an additional MEUR 150 accordion option, adding increased capacity to finance future growth.

TerrAscend Corp. ("TerrAscend" or the "Company") (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that its subsidiary, WDB Holding PA, Inc., has completed the paydown of $37 million of its senior secured term loan in Pennsylvania (the “Loan”), which bears a fixed interest rate of 12.875%.

BHI, a full-service commercial bank, announced that it has provided a $65,340,000 construction loan to NuVerse Advisors LLC to finance the development of 30-55 Vernon Boulevard, located in Astoria, Queens, New York. Upon completion, 30-55 Vernon Boulevard will be a nine-story ground-up mixed-use development comprised of 121 residential units, two retail spaces, a community facility, and on-site parking.

Christmas Tree Shops will liquidate all of its stores and go out of business unless a white knight comes out of the woodwork at the 11th hour. The discount retail chain, which sold a variety of home goods, disclosed in a court filing last week that it defaulted on a $45 million loan and is closing its roughly 70 stores in the coming weeks.

Wolters Kluwer Compliance Solutions, a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms, has named Vikram Savkar as its new Executive Vice President and General Manager. He is based in Wolters Kluwer’s Waltham, Mass. office and has a global remit to oversee the growth of the award-winning business.

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $56 billion of equity capital under management, is pleased to announce the expansion of its dedicated infrastructure team with the addition of John Bruen. He will join as a Managing Director in H.I.G.’s London office on 1 August.

KeyBank Community Development Lending and Investment (CDLI) provided a $9 million construction loan and $12 million in Low-Income Housing Tax Credit (LIHTC) equity for the construction of an affordable senior housing property in Morrisville, New York. ​

Nick Battis has joined Associated Bank as vice president and relationship manager, commercial banking. He is responsible for managing, developing and growing a portfolio of middle market commercial clients by assisting them with unique financing solutions and utilization of efficient payments technology.

Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it has entered into an amended and restated Credit Agreement led by Wells Fargo Bank. Under the terms of the amended and restated Credit Agreement, the total allowable borrowings under MEC’s credit facility have increased from $200 million to $250 million

Old National Bank celebrated the opening of its first Metro Detroit-area commercial banking office in June with a launch event at the Detroit Athletic Center. The event introduced the Metro Detroit team, as well as the ONB executive leadership team, to clients attending from in and outside of Detroit.

Medalist Partners, an alternative investment management firm focused on private credit and structured credit, is pleased to announce the final closing of Medalist Partners Asset-Based Private Credit Fund III. The oversubscribed fund is closing with approximately $600 million of capital commitments, exceeding its target and nearly double the size of its predecessor Fund II.

M&T Bank (NYSE:MTB) has announced a slate of leadership updates in its Commercial Bank which are designed to support its ongoing evolution and commitment to providing best-in-class support to its clients and communities.

Citizens has appointed Peter Panos as South Region Executive, succeeding Brian Peters, who is retiring. Panos, who is based in Atlanta, will report to Head of Corporate Banking Steve Woods and have responsibility for leading a team of senior bankers who serve as strategic and financial partners to Citizens clients across 14 states.

Porter Capital Corporation, a leading provider of working capital solutions, is proud to announce the successful completion of a financing agreement aimed at enhancing the liquidity and competitive positioning of The Heubach Group, a renowned global pigment producer. In January 2022, Heubach and a private investment firm, acquired Clariant Pigments, resulting in the creation of a major contributor in the pigment technology industry operating under the Heubach brand.

Rabobank, a leading global food and agribusiness bank, today named Terryn Lawrence the Chief Sustainability Officer for North America. Lawrence brings over a decade of executive experience and recently served as Managing Director, leading key partnerships at Persefoni, a carbon management software platform that enables financial institutions and corporations to measure, manage and report their carbon emissions.