TSL Express Daily Articles & News

Nicolas “Nick” Goehring has joined Associated Bank as senior vice president & portfolio manager lead, corporate banking. He is responsible for the administration and risk management of client relationships, as well as the credit risk and quality of the overall equipment finance portfolio.

The expansion increases the company’s capacity and ability to grow the number of borrowers its proprietary, AI based auto finance platform serves.

Symbiont.io, a technology pioneer solving complex global finance problems using enterprise blockchain solutions that was formed in 2013, announced the company is soliciting offers for a sale of its assets.

Moses Singer LLP is pleased to announce the arrival of Rebecca Goodman-Stephens as the firm’s first Chief Executive Officer.

BankUnited Inc. (NYSE: BKU) has announced the hiring of three financial executives to form a new corporate banking team serving the New York Metropolitan area.

Pemberton, one of the leading alternative credit managers, today announces the appointment of Harriet Steel. She joins the firm as Partner and Head of Global Clients.

The Portuguese team will be led by Managing Director Mário Trinca, bringing 30 years of management and technology consulting experience in banking and insurance across three continents, leading a variety of projects that combine extensive end-to-end knowledge of business processes with technological enablers.

Stellus Capital Management, LLC (announced today that its affiliates provided senior debt financing and an equity co-investment in support of Bishop Lifting Products, Inc. (“BLP” or the “Company”), a portfolio company of Altamont Capital Partners.

TAB Bank is pleased to announce it has provided a geoscience company in Alaska with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

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 $1,000,000 medical accounts receivable factoring facility with a Durable Medical Equipment company in Pennsylvania (“Company”).

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States and a leader in industries driving ESG and sustainability for decades, is announcing the opening of its second annual Gamechangers in ESG Awards program.

Tide Rock, a growth-oriented holding company of diverse, economically resilient B2B businesses, today announced that its investment vehicle, Tide Rock YieldCo, LLC, has secured a $100 million syndicated revolving loan facility from California Bank & Trust (CB&T), a division of Zions Bancorporation, CIBC Bank USA, and Manufacturers Bank.

Kolibri Global Energy Inc. is pleased to announce that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. has obtained an increase in its Borrowing Base from US$25 million to US$40 million on its revolving line of credit from BOK Financial.

Armory Securities, LLC is pleased to announce the sale of National Railway Equipment Co. The transaction closed on May 2, 2023. Armory served as the exclusive financial advisor to the company for the transaction.

MPOWER Financing, a mission-driven fintech firm and a leading provider of non-cosigned loans to promising students from around the world, announced that it recently closed a $150 million revolving asset-backed warehouse facility with Goldman Sachs.

The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2023

Tellus Equipment Solutions ("Tellus"), a leading John Deere Agricultural and Turf dealer with 24 locations across South and Central Texas, announced that it has closed a new $115 million credit facility (the "Credit Facility").

In addition to JP Morgan Chase Bank, N.A., which acted as a Lead Arranger and as Administrative Agent, the banking group under the amended and extended revolving credit facility includes Bank of America, Citigroup, Goldman Sachs, U.S. Bank, Credit Suisse, and Northern Trust.

Wells Fargo Bank, National Association, Bank of America, N.A., Goldman Sachs Bank USA, MUFG Bank, LTD, and Fifth Third Bank acted as joint lead arrangers and joint bookrunners for the ABL Facility (the “Lead Arrangers”). Wells Fargo Bank, National Association serves as administrative agent under the ABL Facility (the “Administrative Agent”).

A&G Real Estate Partners (A&G), in its capacity as real estate advisor to Bed Bath & Beyond Inc. (“the Company”) plans to auction hundreds of Bed Bath & Beyond and buybuy BABY leases as part of the Company’s Chapter 11 cases, subject to Court approval of bid procedures.