TSL Express Daily Articles & News

-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.

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”).

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.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the Ad-On of I&I Sling, Inc. and Slingmax, Inc. by Yale Cordage, a River Associates Investments, LP portfolio company.

Dext Capital (Dext), a leading healthcare equipment leasing company, announces the recent closing of an investment-grade corporate note issuance. Proceeds from the BBB rated transaction will support continued growth and expansion initiatives for the business, primarily by funding new originations.

The facility was agented by Texas Capital Bank, and Wells Fargo and Bank OZK served as joint lead arrangers. The new facility demonstrates the strength of Wingspire’s platform during these volatile times.

Six Flags Entertainment Corporation (NYSE: SIX) (the “Company,” “we,” “us” or “our”), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that concurrently with the closing of the Company’s previously announced offering of 7.250% Senior Notes due 2031,

J D Factors provided $20,760,000 in new factoring facilities to 29 new clients in the US and Canada during the month of April.

PNC Bank, N.A. provided a senior secured debt facility in connection with the transaction.

Assembled Brands, the leader in financing today’s top consumer brands in the United States, announced the closing of $12 million in new facilities during the month of April. The new facilities are just one of the many ways Assembled Brands is committed to meeting the evolving needs of borrowers in the CPG industry.