TSL Express Daily Articles & News

Wells Fargo Bank, National Association is acting as administrative agent for the TLB. Wells Fargo Securities LLC, PNC Capital Markets LLC, BofA Securities, Inc., Fifth Third Bank, National Association, Citizens Bank, N.A. and Truist Securities, Inc. are acting as joint lead arrangers and bookrunners for the TLB.

rom the fourth quarter Phoenix Management “Lending Climate in America” survey results reveals the imminent threat of a slow-down in consumer spending. With extra tax credits and pandemic-related stimulus payments halted, the IRS has warned Americans to brace for smaller refunds from 2022 tax filings.

HALO AirFinance ("HALO"), a joint venture between GA Telesis ("GAT") and Tokyo Century Corporation ("TC"), closed a credit facility for Republic Airways, a market-leading US regional airline, to finance a portfolio of General Electric CF34-8E engines. This is the inaugural transaction executed under HALO's first fund HALO One, which was launched last month in partnership with InterVest Capital Partners.

1st Security Bank of Washington has named Ben Crowl to succeed Dennis O’Leary as Chief Lending Officer (“CLO”), effective July 1, 2023. Crowl currently serves as Senior Vice President, Director of Consumer Lending. He previously served the Bank as Senior Vice President, Commercial Lending Team Lead.

Mitsubishi HC Capital America – and its subsidiary, Mitsubishi HC Capital Canada – along with Mitsubishi HC Capital (U.S.A.) and ENGS Commercial Finance merged to create the largest non-bank, non-captive finance provider throughout North America with more than $7.5 billion in owned and managed assets on April 1.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Fayetteville, NC-based Li’l Thrift Food Marts, Inc. and its affiliates d/b/a Short Stop (“Li’l Thrift” or the “Company”) on the sale of the Company’s 43 company-operated petroleum marketing and convenience retail stores to an affiliate of Petroleum Marketing Group, Inc.

Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 11% and revenue growth of 11% during the first two months of the first quarter of 2023.

Further to its April 3 announcement that it had reached a conditional agreement with lenders to emerge from Chapter 11, Regal owner Cineworld today submitted its reorganization plan to the U.S. Bankruptcy Court for the Southern District of Texas.

U.S. Bank announced several changes to its executive leadership team today to succeed two leaders who are leaving the company this summer.

Thompson Coburn is thrilled to announce that Chicago partner Diona Rogers has been named a winner of the 2023 SFNet 40 Under 40 Awards. The SFNet 40 Under 40 Awards launched in 2016 to celebrate the achievements of young professionals in the secured finance industry. Recipients of the honor are recognized as the "future leaders who exemplify true excellence in their careers and demonstrate commitment to their communities as well as to the industry."

Blank Rome partner Mirlande Telfort was named a 40 Under 40 2023 award recipient by the Secured Finance Network ("SFNet"). In receiving this award, Mirlande joins fellow Blank Rome attorneys Jillian Zvolensky, Samir Ahuja, Shadi Enos Jahangir, Heather Sonnenberg, and Kevin O’Malley, who are all past 40 Under 40 honorees and were recognized as the “future of the secured finance community.”

On April 18 Tiger Group will conduct an online auction offering a wide array of professional entertainment production gear from the rental inventories of North American leader PRG. ​ The sale includes more than 600 lots of digital cameras, lenses, audio, speakers, LED walls, projectors, monitors and gear accessories.

Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Medusind by private equity sponsor Alpine Investors.

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Richard Stein will assume the role of Chief Risk Officer upon the retirement of Malcolm Griggs in the first quarter of 2024. Upon assuming the CRO role, Mr. Stein will report to Bruce Van Saun, Chairman and CEO, and serve on the bank’s Executive Committee.

Steady confidence in the asset-based lending market marked the fourth quarter, according to data released by the Secured Finance Network. Lenders maintained a positive outlook despite persistent inflation and rising interest rates. SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.

Ready Capital Corporation announced today that as of the first quarter of 2023, it exceeded $10 billion in bridge originations, comprising over 500 loans, since the launch of its bridge program in 2015.

HSBC Holdings plc's (HSBA.L) U.S. unit has hired dozens of Silicon Valley Bank bankers led by David Sabow, who most recently led the technology and healthcare banking segment for the California-based bank that collapsed last month.

Continuing its expansion with hands-on experienced process improvement experts, Susan Stanley has been named Associate Director of Hilco Performance Solutions (HPS), a management consulting firm that consists of operational and financial experts in the areas of Manufacturing, Supply Chain, Sales & Customer Experience, Organizational Design, and M&A. An operating company of Hilco Global, HPS helps clients simplify and streamline business processes and improve operational efficiencies.

Blue Owl Capital Inc. ("Blue Owl") (NYSE:OWL) today announced the launch of its Strategic Equity Strategy with the hiring of Chris Crampton as a Managing Director. Crampton brings nearly two decades of experience as a private markets investor, having previously served as a Partner and Head of Services and Industrials private equity investing within the Merchant Banking and Asset Management Divisions of Goldman Sachs.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Sean Crane has joined the team as Gridiron’s newest Operating Partner. Crane’s 28 years of experience as a seasoned executive will further strengthen Gridiron’s Centers of Excellence capabilities and add value to the firm’s Thematic Areas of Expertise sourcing strategy.