TSL Express Daily Articles & News

Gordon Brothers, the global advisory and investment firm, has promoted Carolyn D’Angelo to Senior Managing Director, Brand Operations. She is also the President of Laura Ashley and oversees Nicole Miller. D’Angelo drives global operations under an asset-light model for the firm’s portfolio of brands.

Wolters Kluwer, a leading software solutions and services provider, announced today three divisional CEO appointments that will set the stage for accelerated growth at the company.

FilmHedge, the entertainment industry’s leading non-equity financiers for film and television productions, has closed a $5 million Series A round of financing led by Collab Capital, WOCStar, SCADPro (Savannah College of Art & Design) and TriplePoint Capital, among other participants.

A&G Real Estate Partners, in its capacity as real estate advisor to Party City Holdco Inc. (PCHI), plans to auction eight additional Party City leases as part of PCHI’s expedited financial restructuring, subject to Bankruptcy Court approval of bid procedures.

LSQ, a leading provider of working capital and payments management solutions, recently originated an $8 million credit facility for a Texas-based paint and paint products manufacturer and distributor. The company, which also has retail operations, will use the additional working capital to manage seasonality within their industry and build inventory for upcoming peak demand.

Lumine Group Inc. ("Lumine Group" or the "Company"), a global acquirer of communications and media software companies, today announced that its wholly-owned indirect subsidiary, WideOrbit Inc. (“WideOrbit”), has entered into a revolving financing facility with a syndicate of Canadian and US financial institutions amounting to US$185,000,000 to provide long-term financing in connection with the previously announced acquisition of WideOrbit, a US-based media vertical market software provider.

GA Telesis, LLC ("GAT") and Tokyo Century Corporation ("TC") announce the launch of its new joint venture lending platform, HALO AirFinance ("HALO"). HALO will serve as the exclusive debt origination channel for GAT and TC, with a focus on secured direct lending to airlines, lessors, and investors, covering the collateral spectrum from new to mid-life aircraft.

CohnReznick, a leading advisory, assurance, and tax firm, today announced the partners and employees of Daszkal Bolton (DB), a prestigious, regional South Florida accounting, tax, and advisory firm, have joined CohnReznick effective March 1. This is the latest strategic expansion for CohnReznick to support geographic and client growth. CohnReznick now has approximately 350 Florida-based team members with offices in Boca Raton, Fort Lauderdale (Sunrise), Jupiter, and Miami.

Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.

CFG Merchant Solutions, LLC (“CFGMS”), a technology-enabled specialty finance and alternative funding provider, announced the closing of a $20.0 million investment-grade rated corporate note financing from a group of leading U.S.-based institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.

Castlelake Aviation Limited ("CA Ltd."), a corporate lessor of commercial aircraft focused on financing a portfolio of modern, young, fuel-efficient aircraft, today announced the closing of a $635 million incremental Term Loan B facility. The proceeds of the facility will be used to refinance existing debt and for general corporate purposes.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $25 million factoring deal for an established and growing company in the juvenile products space.

Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, today reported its subsidiaries had obtained $51 million of new funding from B. Riley Commercial Capital, LLC (“BRCC”) and an affiliate of BRCC through a combination of an amendment of the Company’s existing $150 million PNC securitization facility to permit the addition of $35 million of junior secured financing, a separate sale of receivables, and an increase in availability under a revolving line of credit.

Sachem Capital Corp. (NYSE American: SACH) (“Sachem”, “the Company”), a financing company that specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans, announced today the Company has entered into a $45 million revolving line of credit with Needham Bank.

New bankruptcy filings in February 2023 registered double-digit increases year-over-year across all U.S. major filing categories, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Epiq Bankruptcy is a division of Epiq, a global technology-enabled services leader to the legal services industry and corporations.

First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier.

Medalist Partners, an alternative investment management firm focused on asset-based private credit and structured credit, announced today that industry veteran Mark Crawley has joined the firm as a Private Credit Sector Manager.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized businesses in the United States announces the completion of a $250,000 Accounts Receivable Factoring Facility with a privately-owned national provider of Security Guards and Investigative Services Company.

SLR Equipment Finance is pleased to announce Kevin Libert has joined our company as a Senior Vice President of Business Development. In his role, Kevin will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers in California, Nevada, Arizona, Utah, Wyoming, Idaho, Montana, Oregon, Washington, Alaska, and Hawaii. Kevin began his career with ITT Industrial Credit Company.

Chomps, a family-owned and operated healthy meat snack brand offering products made from the highest-quality, sustainably sourced proteins. This announcement comes on the heels of Chomps’ latest innovation launch of Habanero Beef and Taco Beef on March 1, as well as the brand’s appointment of Liz Carter as President and COO.