TSL Express Daily Articles & News

Barclays today announced the appointment of John J. Erdmann as Chief Financial Officer for Barclays US Consumer Bank and Barclays Bank Delaware (BBDE). Erdmann will oversee the bank’s consumer financial operations in the United States, including financial reporting, planning and analysis, forecasting, expense management, and financial controls.

Naomi will work closely with leadership and colleagues to enhance and execute the firm-wide DE&I strategy. She will partner with service line and operations leaders to integrate and align the firm’s DE&I commitment to overall business plans and operating principles.

Jake Moseley, Matt Trotter and Ted Wilson will join Stifel as managing directors and will immediately assume leadership roles in Stifel’s Venture Banking Group, the company said in a statement.

The transaction was arranged by BNP Paribas Securities Corp., MUFG Bank, Ltd., TCBI Securities, Inc., and KeyBank National Association. BNP Paribas served as administrative agent.

Pacific West Bank (PWBK) a leading financial institution today announced the addition of a new team that will lead the expansion into the Vancouver Market. According to Ed Kawasaki, Pacific West Bank's Chairman, "This expansion represents a significant milestone in our growth strategy. We are thrilled to bring our high-quality banking services to the businesses of Southwest Washington."

Blank Rome LLP is pleased to announce that Sheherbano “Sherry” R. Mirza has joined the firm’s Chicago office in the Finance, Restructuring & Bankruptcy practice group. Sherry concentrates her practice on representing financial institutions, lenders, and funds on a wide range of financing and restructuring matters.

Best Asset Managers by Korean Investors Awards Program was created in 2020 by The Korea Economic Daily Global Edition, one of the subsidiaries of The Korea Economic Daily. This award recognizes and rewards the highest performing asset managers based on a comprehensive survey of asset owners in Korea, including pensions, sovereign wealth funds, mutual aids, insurance companies, and major banks.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to General Die Casters, Inc. on its combination with Dart Casting, Inc. Headquartered in Twinsburg, OH, General Die Casters is a leading, value-added provider of complex, close tolerance, high-pressure aluminum die cast solutions for the transportation, lawn and garden, automotive and industrial markets.

Greystone announced that it has hired Mike Casavant as a Managing Director, Ryan Carlin as a Director, and JP Chisholm as a Director to its rapidly growing New York-based Greystone Commercial Capital (GCC) team. GCC originates institutional structured commercial mortgage loans and subordinate debt for all property types.

O2 Sponsor Finance, a division of Old Second National Bank, today announced that it served as senior secured credit facilities administrative agent and lead arranger for over $44 million in senior secured credit facilities to support Soundcore Capital Partners' acquisitions of ACI Asphalt & Concrete, LLC ("ACI") and ACS Asphalt Concrete Solutions ("ACS").

Today, Bud Financial Limited (Bud), a leader in Open Banking and transactional data intelligence, announced its expansion into the United States. Bud entry into the US market coincides with high demand for innovative products to shake up the $20 trillion banking industry. Backed by HSBC, Goldman Sachs, and TransUnion, Bud has already hired its go-to-market team to meet ample market demand.

A provider of Healthcare IT solutions with extensive experience established a goal to grow and become a national provider to leading hospitals and healthcare systems nationwide. The company experienced a significant uptick in sales soon after its formation and expects revenue growth to further accelerate as they execute their growth plan. The team at Access Capital was able to design a credit facility for the new borrower that specifically addresses the expected increase in sales.

Axiom Commercial Finance, headquartered in Dallas, Texas, has expanded its staff with the hiring of Sanou Cisse as Senior Account Executive in its Factoring team. Sanou’s responsibilities in this position will include managing client relationships and supervising the loan process.

LifeMD, Inc. (NASDAQ: LFMD), a leading direct-to-patient telehealth company, today announced that the Company closed on a new senior secured credit facility with Avenue Capital. The credit agreement, which matures on October 1, 2026, provides up to $40 million in total term loan capital including a first tranche of $15 million funded at closing, a second tranche of $5 million of committed capital and an additional accordion option to upsize the credit facility by an additional $20 million. ​

OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an increase to our syndicated credit facility to $200.0 million from $175.0 million, with an extension of the revolving period to May 31, 2024, and the term-out date to May 31, 2025. The increase was part of our semi-annual borrowing base redetermination, which was completed earlier than normal (typically occurs in May and November of each year). ​

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced it has increased its committed letter of credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”) by $75.0 million for a total of $175.0 million in credit capacity subject to borrowing base, leverage and other restrictions.

Brightwood Capital Advisors (“Brightwood”), a middle market private credit firm, announced it has led a $300 million senior secured credit facility financing to Giving Home Health Care (“GHHC”). The financing was used to support GHHC’s recent partnership with FS Investments and to fund its strategic growth initiatives.

Sotera Health Company (“Sotera Health” or the “Company”) (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced that it has successfully closed on an amendment (the “Amendment”) to its First Lien Credit Agreement (the “Credit Agreement”). The Amendment adds revolving loan commitments of $76.3 million, increasing the total aggregate principal amount of available commitments under the Company’s revolving credit facility (“Revolving Credit Facility”) from $347.5 million to $423.8 million.

Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, and Mubadala Investment Company (“Mubadala”), a global sovereign investor, today announced the formation of a joint venture to invest in global credit secondaries opportunities.

Commercial Finance Partners is pleased to announce that is has qualified and financed over $150,000,000 in Employee Retention Credits. The company has expanded the financing programs to include larger credits in excess of $10,000,000, while maintaining the same focus of helping small business owners, private equity firms, lenders, and other parties that might benefit from pulling forward the credits due to the various companies.