TSL Express Daily Articles & News

Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, announces that Greg Saint John, an experienced credit officer and banking industry veteran, was promoted to senior vice president, deputy chief credit officer & commercial credit director.

The two new hires, Matthew DeBernardo, SVP, Business Development Officer, and Bret Aaron Meuschke, SVP, Business Development Officer, will be involved in managing Factoring and Asset-based Lending transactions as part of the company’s Commercial Finance division.

Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.75% Convertible Senior Notes due 2028 (the “Convertible Notes”) for gross proceeds of $373.75 million.

Amino Health, the leading digital healthcare guidance company, today announced $80 million in both equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively. In the face of declining digital health investment, this funding underscores the success of Amino Health's proven model and enables the company to scale its technology and continue its strong growth trajectory.

Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Thomas Studebaker has joined the firm as Managing Director & Co-Head of the Turnaround & Restructuring practice.

SC&H Capital, a leading investment bank specializing in M&A advisory, is pleased to announce it has completed a sale of the assets of E-Box, LLC’s (“E-Box” or “the Company”) roll-off dumpster rental operation, to Baltimore, MD-based K&S TE, LLC (“K&S”).

FirstLight Power (FirstLight), a leading clean power producer, developer, and energy storage company serving North America, today announced the completed expansion of its corporate credit facility led by Royal Bank of Canada, The Toronto-Dominion Bank and Export Development Canada, the latter who joined the facility with this expansion.

Allied Healthcare Products, Inc. ("AHP" or the "Company"), a reputable and leading manufacturer of medical gas construction equipment, respiratory therapy equipment, home healthcare products and emergency medical supplies, today announced that on May 8, 2023, it voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the Eastern District of Missouri Eastern Division.

The Bank of Nova Scotia is the Administrative Agent for the North American Facility, and The Bank of Nova Scotia, BMO Capital Markets, and National Bank Financial Inc. are the Joint Bookrunners.

The new facility comes in the form of the sixth amendment to the ABL Credit Agreement with CIT, a division of First Citizens Bank, as the administrative and collateral agent. The facility is comprised of a $40 million revolving credit facility maturing in May 2028.

CURREX distributes high-performance insoles for athletes and active individuals, using innovative technology to tailor insoles to the user’s specific needs. Founded in Hamburg, Germany in 2000, their products are trusted by professional athletes and coaches worldwide to improve performance, reduce injury risk, and enhance foot comfort.

Pinnacle Capital Finance is proud to announce the issuance of a $2MM AR line of credit to a Central California based building restoration business. The company provides critical emergency repair, remediation and restoration services throughout the Sacramento and San Joaquin Valleys.

Dayan Rosen, a skilled deal lawyer with experience advising lenders and private equity clients in acquisition financings, has joined McGuireWoods as a partner in downtown Los Angeles.

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.