TSL Express Daily Articles & News

AEC Capital Partners, a seasoned provider, directly and via its affiliates, of equity, debt, and hybrid capital to small- and mid-sized private and publicly traded businesses (“AEC”), is proud to announce a national strategic partnership with a prominent family office located in the Northeastern United States.

Kroll, the leading independent provider of global risk and financial advisory solutions, today announced that it has opened a new office in Johannesburg, delivering its international restructuring expertise to South Africa. The new office is located in the city’s Sandton financial district

Bank of America has named Scott Vanderpool president of Bank of America Phoenix. The company also announced that widely known business leader Benito Almanza plans to retire April 6 after 45 years of service with the company and 22 years as Phoenix and Arizona president.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has been recognized by Private Equity Wire as the Best Audit Firm – Middle Market in the publication’s 2023 US Emerging Manager Awards program. Award winners were announced during a ceremony and networking event held in New York on March 30, 2023.

Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced the promotion of David Lowery to become President and CEO of the Bank, succeeding Robert Russell.

Goodness Growth Holdings, Inc. ("Goodness Growth" or the "Company") (CSE: GDNS; OTCQX: GDNSF), a cannabis company committed to providing safe access, quality products and great value to its customers, today announced that it has executed a fifth amendment to its credit facility with its senior secured lender, Green Ivy, an affiliate of Chicago Atlantic.

Bed Bath & Beyond Inc. (Nasdaq: BBBY) (the "Company") announced today that concurrent with a new, At-The-Market offering program ("ATM Program") launched earlier today, the Company has also entered into a common stock purchase agreement and a registration rights agreement (collectively, "Committed Equity Facility") with B. Riley Principal Capital II, LLC ("BRPC") to provide additional capital to the Company.

Management approached Celtic Capital for working capital to fund that growth. We provided a $1,500,000 accounts receivable line of credit and a $500,000 inventory line of credit to meet the Company’s request.

Sweet Leaf Madison Capital (“SLMC” or “Sweet Leaf Madison”), a nationwide provider of tailored debt financing solutions in real estate, equipment and senior secured working capital for the compliant middle-market cannabis industry, today announced the closing of a new $100MM debt facility. A prominent New York-based global institutional special situations asset manager will be providing $100MM of financing, making SLMC one of the best-financed asset-based lenders to small- and medium-sized enterprises in the cannabis industry.

FitFlop said on Thursday that it secured a new five-year $30 million revolving credit facility from Aurelius Finance Company to support its long-term growth ambitions. According to the footwear brand, the funding will go towards supporting an “increased investment” in branding, marketing and advertising.

Sorrento Therapeutics, Inc. (OTC: SRNEQ, "Sorrento"), a biopharmaceutical company dedicated to the development of life-saving therapeutics to treat cancer, intractable pain, and infectious disease, today announced that the U.S. Bankruptcy Court for the Southern District of Texas granted final approval of Sorrento's $75 million debtor-in-possession (DIP) financing from JMB Capital Partners, in connection with Sorrento's chapter 11 case that was filed on February 13, 2023.

Pathlight Capital LP ("Pathlight") announced it is serving as the Administrative Agent on the recently funded $30,000,000 FILO Term Facility for Vericast Corp., ("Vericast" or the "Company"), an advertising services company that helps thousands of businesses across various industries reach customers with digital marketing, print marketing, marketing technology and financial services.

Regions Bank on Wednesday announced the launch of its International Subsidiaries Banking Group, a dedicated team focused on delivering financial insights and customized banking services to subsidiaries of international corporations operating in the United States.

Canes Midstream LLC (“Canes”), a Dallas-based midstream company, announced today that it has entered into an amendment to its credit facility, converting the existing two-part facility, revolver and term loan, into a single revolver, increasing its size to $415 million, and extending its maturity by one year to February 2027. Wells Fargo acted as administrative agent on the transaction.

Pathfinder Bancorp, Inc (the “Company”) (NASDAQ:PFBC), the bank holding company of Pathfinder Bank (the “Bank”) announced today that its Board of Directors has named James A. (“Jim”) Dowd as President and Chief Executive Officer of the Company and the Bank, roles that he has served on an interim basis since April 14, 2022.

Social Mobile, a leader in delivering custom enterprise mobility solutions, is pleased to announce that it has secured a $35 million senior credit facility from Citi.

Glatfelter Corporation (“Glatfelter” or the “Company”) (NYSE: GLT) announced today that it has completed a series of refinancing transactions that leaves the Company well capitalized and strongly positioned to focus on its turnaround strategy.

PlainsCapital Bank recently announced that Tony Diaz has joined its Victory Park lending group as assistant vice president, commercial loan officer at the Bank’s One Victory Park branch located at 2323 Victory Avenue.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as an advisor in connection with a refinancing and junior capital raise for Oak Dental Partners (“Oak Dental” or "the Company"). B. Riley was engaged by Atlanta-based private equity firm, Fortem Holdings (“Fortem”), to refinance Oak's existing debt facility and provide junior capital to fuel the Company's M&A growth strategy.

A&G Real Estate Partners, in its capacity as real estate advisor to Party City Holdco Inc. (PCHI), announced that it is planning to offer 25 Party City leases in a court-approved auction.