TSL Express Daily Articles & News

The Beverly Hills, California-based bank is working with a financial adviser to solicit interest in the business, said the people, who asked to not be identified because the matter isn’t public. An agreement could be reached within two months, one of the people said.

Goldfinch, an on-chain lending protocol, has successfully raised a USDC 1.35 million loan to Fazz, a Singapore-based Series C Fintech backed by Tiger Global. This deal marks the first time that Goldfinch has offered a callable loan.

Habi, the leading residential technology company in Spanish-speaking Latin America, today announced that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.

JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Bank, LTD. are Joint Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan Chase Bank, N.A is the Administrative Agent on the Facility.

Global business advisory firm EisnerAmper announced that the directors and colleagues of Louisiana-based accounting, assurance, tax, consulting and technology firm Postlethwaite & Netterville ("P&N") will be joining EisnerAmper in a transaction anticipated to close by the summer of 2023.

Armory Group, LLC, a leading financial advisory firm serving the middle market, is pleased to welcome Nicole Nugent as a Managing Director. Based in Los Angeles, Nicole brings more than 20 years of experience advising middle-market companies on a wide range of transactions, including mergers and acquisitions, private and public equity and debt offerings, restructurings, and valuations, with a focus on the Consumer and Retail industries.

iMedia Brands, Inc. (the “Company” or “iMedia”) (NASDAQ: IMBI, IMBIL) today announced it has selected Lincoln International (“Lincoln”) as its investment banker and Advisor to manage and complete a refinancing of the Company’s current Asset-Based Lending (“ABL”) revolving credit facility.

Northbrook based Hilco Global announced today that it made a $50,000 donation to SUNRISE DAY CAMP-CHICAGO (jccchicago.org/sunrise), a new day camp for kids with cancer which will open this June in Lake Zurich, Illinois. Sunrise Day Camp-Chicago will provide a full-summer day camp experience specifically designed for children with a cancer diagnosis and their siblings, ages 3 1/2-16, and is being offered completely free of charge.

A&G Real Estate Partners, real estate advisor to Party City Holdco Inc. in its expedited financial restructuring, today announced plans to offer nine additional Party City leases in a Friday, April 28 auction, for which bid procedures were recently approved by the U.S. Bankruptcy Court for the Southern District of Texas. The bid deadline is Monday, April 24.

Hilco Corporate Finance (HCF), Hilco Global’s investment banking advisory firm, has named Richard S. Klein a Senior Managing Director in its New York Office. Mr. Klein will further expand the range and experience of HCF’s Special Situation and Restructuring Investment Banking services.

Rivian Automotive Inc. (Nasdaq: RIVN) said today that the Irvine EV maker’s subsidiary amended the credit agreement it secured two years ago. The amended agreement doubles the company’s revolving commitments to $1.5 billion, increases the credit sublimit from $500 million to $1 billion and extends its maturity date by three years to 2028, officials said.

International Money Express, Inc. (NASDAQ: IMXI), ("Intermex" or the "Company"), a leading money remittance services company, today announced the Company has amended its revolving credit facility under its syndicated credit agreement with KeyBank National Association as administrative agent to increase the maximum borrowing amount to $220 million, up from $150 million.

Global law firm White & Case LLP has advised Oatly on a US$430 million financing arrangement, consisting of a private placement of US$300 million 9.25 percent convertible senior PIK notes due 2028, a new US$130 million term loan B credit facility and a SEK2.1 billion amended sustainability-linked revolving credit facility.

Express Trade Capital (“ETC”) is thrilled to announce the addition of a $3.5MM B2C - Ecommerce financing facility to a well-established and fast-growing cashmere apparel manufacturer.

IDB Bank, a New York-based private and commercial bank, today announced the appointment of Michal Miron as its new Executive Vice President and California Region Manager. In this role, she will lead the Bank's West Coast operations and strategic growth agenda across the region.

Mitsubishi UFJ Financial Group (MUFG) announced today the hiring of five senior executives, and a total of at least 20 new team members, to significantly expand the capabilities of its Technology, Media and Telecom (TMT) Banking group to support the pre-IPO growth and middle-market public companies in the innovation ecosystem.

SLR Healthcare ABL is pleased to announce that it provided a $6 million asset-based revolving line of credit to a skilled nursing and rehabilitation center in March 2023.

Legendary Entertainment, the Burbank-based production company behind the recent MonsterVerse films, “Pokémon: Detective Pikachu” and the two-part “Dune” adaptation, has secured a five-year, $800 million credit facility led by J.P. Morgan. The new facility will replace the studio’s existing credit line.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two recent transactions in the beauty and apparel sectors, totaling $5.5 million.

First Citizens Bank today announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida.