TSL Express Daily Articles & News

Citizens Financial Group, Inc. (NYSE: CFG) today announced it has significantly accelerated its private banking growth strategy with the addition of approximately 50 new senior private bankers and related support staff in Boston, Florida, New York, and San Francisco.

White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”) announced they have provided a $67 million ABL credit facility to a leading manufacturer of healthcare and food safety products.

The PNC Financial Services Group, Inc. (NYSE: PNC) announced that Jenn Garbach has joined the company as chief marketing officer. Previously, Garbach served as the head of Marketing Transformation & Operations at PayPal.

Trinity Capital, a division of Citizens Capital Markets, announced today that it served as the exclusive financial advisor to a California-based franchisee group managed by the Lutfi Family on the sale of 48 Arby’s restaurants located in Washington, Oregon and Southern California.

The new $75 million term loan and revolving credit line of up to $90 million were secured through Avenue Sustainable Solutions and MidCap Financial, respectively, and provide significantly enhanced liquidity to the Company.

In an immediate private-treaty sale, Tiger Group is offering more than $30 million of inventory, molded-pulp manufacturing equipment and other assets from the former California plant and global operations of Zume.

Lendistry, a fintech that provides innovative lending products and powers grant programs for small businesses, is proud to announce the addition of Todd Hollander to its executive leadership team. Hollander brings with him decades of experience helping banks and financial institutions scale their infrastructure. In his new role, he will be leading the fintech's sales and credit practices to provide a cohesive customer journey for its borrowers in alignment with Lendistry's mission.

Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company. Founded in 1984, SPS New England is a bridge, highway, transit and marine contractor providing construction, bridge repair and design-build services to municipal and state clients throughout New England.

First Business Bank welcomes Aaron Brand to its Asset-Based Lending team as Vice President – Asset-Based Lending. Aaron Brand is an experienced financial sales leader with more than 20 years of experience in business lending and excels at developing creative solutions to fit clients' needs.

US Capital Global is pleased to announce that Michael Carpinello has joined the group as Senior Vice President at the group’s office in Miami, FL. Carpinello brings over 20 years of experience in the capital markets to his new role, as well as a proven track record in origination and distribution on behalf of both public and private entities.

First Citizens Bank today announced that Marc Cadieux, a 30-year veteran of Silicon Valley Bank (SVB), has been appointed President of Silicon Valley Bank's commercial banking business. Based in the California Bay Area, Cadieux leads an SVB Commercial team of more than 1,000 experienced bankers nationwide who are dedicated to the innovation economy.

Republic First Bancorp, Inc. (NASDAQ: FRBK) (the "Company"), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Francis "Fran" Mitchell as Senior Vice President, Treasurer and Chief Investment Officer, effective June 1, 2023.

Energy Capital Partners (“ECP”), a leading energy transition-focused investor with a nearly two-decades-long track record of investments in the electricity, clean energy, renewable and sustainable infrastructure sectors, today announced that a team led by former Global Infrastructure Partners’ (“GIP”) partners, Jennifer Powers and Reiner Boehning, will merge into ECP’s dedicated credit investing business and launch a sustainable credit platform named ECP ForeStar.

Apollo (NYSE: APO) (or the “Firm”) today announced that its newly established Asset-Backed Finance (ABF) franchise and ATLAS SP Partners, two core components of the Firm’s broad asset-backed ecosystem and strategy to directly originate an increasing share of the $20 trillion global asset-backed financing market, have received cornerstone capital commitments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).

ARM Energy Services, LLC (AES), a private energy marketing firm and one of the leading North American physical natural gas marketers, has entered into a $110 million senior secured revolving credit facility with Rabobank as administrative agent, book runner and lead arranger.

The BMW Group has signed a €8.0 billion syndicated revolving credit facility (RCF) with a tenor of five years and two one-year extension options. A total of 43 international and regional banks from Europe, America and Asia have taken part in the transaction. With BNP Paribas, Citi and Deutsche Bank as coordinating bookrunners, the BMW Group has replaced the existing RCF of €8.0 billion signed in 2017.

Bread Financial Holdings, Inc. (NYSE: BFH) announced today that it has entered into a credit agreement with JPMorgan Chase Bank, N.A., and other financial institutions, pursuant to which the lenders have agreed to provide a $700 million senior unsecured revolving credit facility and a $575 million senior unsecured delayed draw term loan facility, subject to certain conditions.

BlackRock Inc. (NYSE: BLK) and Kreos Capital (“Kreos”) today announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.

Flatbay Capital announces the funding of a $2.2MM owner-occupied commercial real estate loan for a Central Texas-based automotive organization. The 15-year-old company provides repairs for domestic, Asian, and European vehicles.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $500,000 medical accounts receivable factoring facility with a management service organization in California (“Company”).