TSL Express Daily Articles & News

Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") today announced the closing of new $3 billion senior secured credit facilities consisting of a new $750 million senior secured term loan (the "Term A Loan") and a new $2.25 billion senior secured revolving credit facility (the "Revolving Credit Facility" and, together with the Term A Loan, the "Senior Credit Facilities") resulting from an increase and extension to Caesars' existing revolving credit facility.

Ocean Bank announced it has provided a $19.5 million construction loan for Allure on Enterprise, a rental residential development encompassing 130 apartments in 27 two-story buildings in Debary, Florida.

Unique Fabricating, Inc. (NYSE:UFAB), a leader in engineering and manufacturing multi-material foam, rubber, and plastic components utilized in noise, vibration, and harshness management and air/water sealing applications for the transportation, appliance, medical, and consumer/off-road markets, announced that it has reached agreement with its bank lenders and with certain existing equity investors.

Versant Funding LLC is pleased to announce it has funded a $5 Million non-recourse factoring transaction to a tech company which sells hardware and software to major media companies. This private equity sponsored business required a rapid infusion of capital to meet its cash needs through the end of the year. Versant was able to quickly put a factoring facility in place which will provide the company with the short-term liquidity they sought.

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Michelle Hecht has been named Head of Corporate Affairs. In this capacity she will oversee public affairs, corporate philanthropy, community engagement and volunteerism initiatives that support the company’s growth strategy. She succeeds Barbara Cottam, who is leaving Citizens to take on a new role at the U.S. Department of Commerce, in Washington DC.

Bloomreach, the world's #1 Commerce Experience Cloud, today announced it has entered into a $30 million, three-year credit facility with J.P. Morgan, further strengthening the company's financial position as it continues to scale its commerce experience solutions to businesses worldwide. The $30 million base facility includes an accordion that may permit up to $130 million in borrowing, and follows a $175 million equity investment announced by the company in February 2022.

SMBC, a member of SMBC Group, today announced the appointment of Rick Davison as Chief Financial Officer for the Americas. Prior to joining SMBC, Rick was the U.S. Chief Financial Officer for the Royal Bank of Canada (RBC), where he was responsible for providing primary oversight in the U.S. on all finance-related areas, including capital adequacy, financial planning, financial and regulatory reporting, and general business advisory.

Flexiti Financial Inc. (“Flexiti”), a leading point-of-sale consumer financing solution for retailers, has announced today that it has upsized its revolving warehouse credit facility from C$500 million to C$535 million and extended its maturity. Credit Suisse serves as administrative agent on the facility, with financing also provided by an affiliate of Bank of Montreal and funds managed by Atalaya Capital Management.

Surge Energy US Holdings Company ("Surge Energy" or the "Company") announces an increased borrowing base from $1.5 billion to $1.75 billion on the Company's revolving credit facility ("Credit Facility").

Solifi™, a global fintech software partner for secured finance, announced MyTechMag named Solifi as one of the world’s top 10 banking technology solution providers in 2022. Solifi was recognized for its innovative fintech solutions built on the company’s software-as-a-service (SaaS)-based open finance platform.

Hilco Streambank is seeking offers for a proprietary software platform featuring a diamond cut score calculator and 3D jewelry configurator utilized by a jewelry e-commerce retailer. The software brings gem selection and jewelry design out of the hands of retailers and into the hands of the customer via an online platform which supported annual sales of more than $12 million at its peak.

Ocean Bank’s Factoring Division has financed a $6 million factoring facility to an industry-leading provider of IT services to media and entertainment companies. “Our client is undergoing a remarkable growth period and needs more flexible financing. Ocean Bank was able to find a lasting solution that will help fund that growth,” said Daniel Krasna, Vice President of Business Development.

GA Europe, a B. Riley Financial (NASDAQ: RILY) company, today announced it is working with CM Sports GmbH ("CM Sports") to revitalize RENO, a leading German shoe chain. GA Europe will work together with CM Sports to strategically realign RENO's store footprint and restock stores with fresh inventory to position the shoe chain for future success.

REV Capital funded a $7.5MM factoring facility to a temporary staffing company in Tennessee. The company provides temporary staffing, temp-to-hire, and direct hire placements to several Fortune 500 companies. The company has seen tremendous growth in businesses over the past few years and needed to increase its existing facilities to facilitate its continued expansion.

-WhiteHawk Capital Partners, LP (“WhiteHawk”), a private credit investment manager focused on asset-based financing solutions, announced that it has entered into an agreement with Latshaw Drilling Company, LLC (“Latshaw” or the “Company”) to provide a $41 million asset-based credit facility. The proceeds from the facility support a refinancing of Latshaw’s indebtedness which recently finalized an out-of-court restructuring.

Dylan Zimmerman joins Sallyport Commercial Finance, LLC as VP, Business Development based on the US East coast. He graduated from the University of South Carolina at the end of 2015 with a degree in Economics. Soon after graduation he began work with Accord Financial as a regional business development officer.

A $400,000 tailored financial solution has just been put together for an industrial manufacturer based on the West coast of the US. The package is made up of a $120,000 cash flow loan with the remainder accounts receivable facility. The client was referred to Sallyport by a broker and had spiraling Merchant Cash Advance loan commitments that were becoming troublesome to meet and preventing them from moving forward and accepting new business.

Farmers & Merchants Bancorp, Inc. (“F&M”, “FMAO”, or the “Company”) (Nasdaq: FMAO), the holding company for Farmers & Merchants State Bank, announced today that it has completed the acquisition of Peoples-Sidney Financial Corporation (“Peoples” or “PPSF”).

Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Automated Handling Solutions, LLC (“AHS”), a portfolio company of May River Capital, LLC (“May River”).

SWK Holdings Corporation (Nasdaq: SWKH) ("SWK" or the "Company"), a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, today announced that the company has promoted Yvette Heinrichson to the role of Chief Financial Officer.