TSL Express Daily Articles & News

Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., announced today that they have raised an additional $10 million of credit facilities from its lead bank, BMO Commercial Banking

J.P. Morgan and Wells Fargo Bank were the Joint Lead Arrangers, with J.P. Morgan serving as Administrative Agent. KKAP Advisors provided advisory service to the company.

SLR Healthcare ABL is pleased to announce that it has provided an $8 Million asset-based revolving line of credit to a clinical lab.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $20mm senior revolving credit facility to ABD Group Inc. (“Village Fertility Pharmacy,” “VFP” or “Company”).

The company this week announced that it has received $50 million in new financing from certain lenders, holding over two-thirds of its outstanding term loan, to support ongoing business operations.

-Invacare Holdings Corporation (“Invacare” or “the company”), a leading manufacturer and distributor of medical equipment used in non-acute care settings, today announced that Invacare Corporation and its two U.S. subsidiaries, Freedom Designs, Inc. and Adaptive Switch Laboratories, Inc., successfully emerged from Chapter 11 on May 5, 2023.

Conducted via email from April 14-18, 2023, the survey provides insights into small business banking operations and confidence in the banking system and the overall economy.

The bankrupt retailer has big trade debts to numerous suppliers as well as transportation providers.

ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, announced today two separate agreements that enhance the Company’s dealmaking flexibility and long-term growth strategy.

Christmas Tree Shops has joined its former owner Bed Bath & Beyond in seeking bankruptcy protection, adding to the growing list of retailers this year that have filed for Chapter 11. The Middleborough, Massachusetts-based chain went to U.S. Bankruptcy Court in Delaware to seek voluntary protection Friday.

Equity Bancshares, Inc (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Richard M. (“Rick”) Sems as President of Equity Bank (“the Bank”).

Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Amulet Capital Partners (“Amulet”) in their acquisition of minds + assembly (the “Company”).

O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Graycliff Partners' growth investment in Republic Electric Company ("Republic").

Jordan is recognized as one of the country’s go-to lawyers in the ABL and lender finance spaces and has extensive experience advising clients in asset-based, cash flow, leveraged, real estate, and other financial transactions.

Oxford Bank Corporation ("Oxford" or "the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), announced today that it has awarded small business grants to four local businesses in Michigan through the Federal Home Loan Bank of Indianapolis Elevate Grant program. Elevate is an innovative grant program that awards up to $20,000 to assist the growth and development of local small businesses, their workforces, and the communities

Goddard also joins the Lendscape Senior Management Team and will be responsible for leading product development and alignment with the overall business strategy.

In light of recent reporting regarding strategic actions, PacWest Bancorp (Nasdaq: PACW) (the “Company”) provides the following update:

TD Bank Group (TSX andNYSE: TD) ("TD") and First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") today announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022. TD informed First Horizon that TD does not have a timetable for regulatory approvals to be obtained for reasons unrelated to First Horizon.

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital.

Citizens Financial Group, Inc. [NYSE: CFG] today announced that Brendan Coughlin, Head of Consumer Banking, and Beth Johnson, Chief Experience Officer and Head of ESG, have been named Vice Chairmen. They join Don McCree, Head of Commercial Banking, and John Woods, Chief Financial Officer, as Vice Chairmen of Citizens.