TSL Express Daily Articles & News

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.

Golub Capital announced several promotions within its Direct Lending team, positioning the Firm for continued growth of its market-leading sponsor finance platform.

Siena Lending Group LLC ("Siena") announces the completion of a $35.0 million revolving credit facility for Nutritional. The facility was used to refinance Nutritional’s existing senior debt and support their working capital needs.

Flatbay Capital funded a $1,000,000 owner-occupied commercial real estate bridge loan for a family-owned roofing company based in Central Texas. The client offers roof repairs, full roof replacement, modified bitumen, and metal roofing.

-Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund. The Fund, which was oversubscribed, accepted $1.7 billion of capital commitments from a global base of institutional and high net worth investors.

Global security leader Forcepoint today announced it has signed a definitive agreement to sell the Company’s Global Governments and Critical Infrastructure (G2CI) business to TPG, a global alternative asset management firm. The transaction will separate Forcepoint’s Commercial and G2CI businesses and will establish G2CI as an independent entity.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that, following its June 15, 2023 announcement of a non-binding term sheet, it has entered into a binding definitive credit agreement (the "Credit Agreement") with the Business Development Bank of Canada ("BDC") for project financing of up to C$8.75 million in non-revolving senior secured debt (the "BDC Financing").

IGC Pharma, Inc. (NYSE American: IGC) (“IGC” or the “Company”), a clinical-stage pharmaceutical company, has secured a $12 million revolving line of credit from the Hong Kong Branch of O-Bank Co., Ltd. (“O-Bank” or the “Bank”). This funding will support IGC’s working capital needs primarily related to its Alzheimer’s research.

US Capital Global is pleased to announce the appointment of Sal Saqeb as Vice President. With an impressive background in finance and a track record of driving strategic growth, Mr. Saqeb will play a leading role in expanding the group’s market presence in Asia and delivering exceptional value to its international clients.