TSL Express Daily Articles & News

GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to announce that Tara A. Campbell has been appointed Executive Vice President and Chief Operating Officer (COO) of GBank, effective April 3, 2023. In her role as COO, Ms. Campbell will be responsible for the management of Deposit & Branch Operations, Treasury Management, Online Banking, Commercial Business Development, Gaming FinTech, and Payment Operations.

Regions Bank on Wednesday announced veteran commercial banking leader Mark Evans will serve as the company’s first market executive focused exclusively on San Antonio and surrounding areas as Regions builds on its Texas presence yet again.

FTI Consulting, Inc. (NYSE: FCN) today announced that its Board of Directors (the “Board”) elected Elsy Boglioli as a director of the Company effective on April 7, 2023. Ms. Boglioli joins the Board as an independent director, following the action of the Board on April 6, 2023 to increase its overall size to ten directors from nine directors effective April 7, 2023.

Alvarez & Marsal Taxand, LLC (A&M Taxand), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), has announced the appointment of Eric Mussler, Kristy Ton and Christopher Datino as Managing Directors. These additions underscore A&M’s strategy to evolve with its expanding client base of large corporates and solve for their unique challenges and complexities.

Medical transportation providers can expand their operations by acquiring late-model ambulances, power gurneys and stair chairs in an April 20 online auction by Tiger Group. Bidding in the timed, online auction at SoldTiger.com opens on Thursday, April 13, at 10:30 a.m. (PT) and is set to close on Thursday, April 20, at 10:30 a.m. (PT).

Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced the closing of a secured commercial loan (“the Loan”) with FVCbank (“Bank” and “Lender”), for gross proceeds of $20 million.

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $55 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Credit Partners, has originated a loan to acquire Terminal Logistics, a newly developed 185,000 SF industrial condominium located adjacent to JFK International Airport.

Ropes & Gray represented ImmunoGen, Inc., a leader in antibody-drug conjugates (ADC) for the treatment of cancer, in a term loan financing for up to $175 million with entities managed by Pharmakon Advisors. The financing was announced on April 6.

Tupperware Brands Corporation (NYSE: TUP) (the "Company"), a leading global consumer products company, today announced it has engaged financial advisors to help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern.

Scotiabank announced today that it has appointed Francisco Aristeguieta to the role of Group Head, International Banking, effective May 1, 2023. Mr. Aristeguieta will become a part of the executive management team, with responsibility for the Bank's International Banking business line.

Pear Therapeutics, Inc. (Nasdaq: PEAR) (“the Company”), a company focused on developing and commercializing software-based medicines called prescription digital therapeutics (PDTs), today announced that the Company and its wholly owned subsidiary, Pear Therapeutics (US), Inc. (collectively, the “Debtors”) each voluntarily filed for protection under chapter 11 (“Chapter 11”) of the U.S. Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) and they intend to pursue a sale of the business or assets under section 363 of the Bankruptcy Code.

Virgin Orbit Holdings, Inc. and its U.S. subsidiaries, (the “Company” or “Virgin Orbit”), a responsive space launch provider, announced today that it commenced a voluntary proceeding under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court in the District of Delaware in order to effectuate a sale of the business. With the support of Virgin Investments Limited in the form of debtor-in-possession (“DIP”) financing, Virgin Orbit intends to use the Chapter 11 process to maximize value for its business and assets.

SSG Capital Advisors, LLC (“SSG”) acted as the investment banker to Nova Wildcat Shur-Line Holdings, Inc. and subsidiaries, d/b/a H2 Brands Group (“H2B” or the “Company”) in the sale of substantially all assets to a joint venture between Gordon Brothers Commercial & Industrial, LLC (“Gordon Brothers”) and Nations Capital Inc. (“Nations Capital”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. The transaction closed in March 2023.

ImmunoGen, Inc. (Nasdaq: IMGN), a leader in the expanding field of antibody-drug conjugates (ADCs) for the treatment of cancer, today announced it has entered into a term loan financing facility for up to $175 million with entities managed by Pharmakon Advisors, LP ("Pharmakon"). Proceeds from the agreement will strengthen ImmunoGen's balance sheet and provide the Company with additional capital to support its growth trajectory.

Last week, the CFPB issued the small business lending rule. You can read the rule on the CFPB website. To help financial institutions implement and comply with the small business lending rule, the CFPB is launching a dedicated regulatory and technical support program called SBL Help. SBL Help can provide oral and written assistance to financial institutions about their data collection and reporting obligations under the final rule.

Pathward®, N.A. is proud to be Certified™ by Great Place to Work® for the first time. The prestigious award is based entirely on what current employees say about their experience working at Pathward. This year, 78% of employees said it’s a great place to work – 21 points higher than the average U.S. company*.

According to a new quarterly report from CoBank’s Knowledge Exchange, inflation remains the biggest economic challenge ahead. Even as general inflation moves in the right direction, headline inflation is still at 5% year-over-year. That’s well above the Federal Reserve’s 2% target and points to the likelihood the Fed will raise rates again in May.

Bank economists expect credit conditions to weaken over the next six months as economic growth slows and interest rates trend higher, according to the American Bankers Association’s latest Credit Conditions Index released today.

Ocean Bank announced its Factoring Division has closed and funded a new $5 million factoring facility to a rapidly growing distributor of recycled paper and cardboard.

The financing will give them the working capital needed to purchase increasingly costly ingredients and fulfill a growing order book.