TSL Express Daily Articles & News

ENGS was able to quickly step in and provide a $1,250,000 accounts receivable factoring facility to meet the needs of the growing company. As the company continues to expand across the Pacific Northwest and beyond, they will also have the ability to bundle ENGS’ equipment financing into their working capital facility which will allow them to expand production and further facilitate growth.

NutraNomics, Inc. (OTC PINK:NNRX), an emerging leader in organic plant-based nutritional science and innovation, and The Plant (www.theplantlabs.com), a NutraNomics company, is pleased to report that it successfully retired a portion of its debt, and secured an ongoing line of credit to support its growing operational needs and increasing production resource requirements.

Forbright, Inc. and Forbright Bank today announced three new executives who will oversee the finance and communications departments as the Bank continues to accelerate the transition to a sustainable and clean energy economy. Aaron Juda, currently Chief Strategy Officer of Forbright Bank, has been promoted to the role of Chief Financial Officer of Forbright, Inc. Pat Rusnak joins Forbright Bank as Chief Financial Officer. And Ben Wakana joins Forbright Bank as Director of Communications.

EisnerAmper was named the “Best Auditor — Middle Market” at the HFM U.S. Services Awards 2022, which were held on September 13 in New York City. The prestigious HFM U.S. Services Awards recognize hedge fund service providers that have demonstrated exceptional client service, performance and innovation over the past 12 months.

TA Associates, a global growth private equity firm, has closed its TA Debt Fund V with over $1.1 billion in commitments, exceeding its target of $600 million. The fund will invest in the credits of both new and existing TA portfolio companies, and more broadly, an opportunity set to include senior secured debt while continuing to invest in traditional TA subordinated debt investments. TA Debt Fund V will also give the option to invest across multiple credits within the same company.

Trinity Capital Inc. ( Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced the appointment of Lauren Cosentino as Managing Director, Life Sciences in the Research Triangle Park region of North Carolina.

A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, reveals a sharp and continual decline in optimism for chief financial officers (CFOs) across the country. Many of the same factors contributing to pessimism in the first quarter of 2022 are still bothering CFOs — but now, finance leaders are even more worried. In fact, 72% of the 249 CFOs surveyed expect hikes in interest rates will lead to a recession.

Monroe Capital LLC today announced it has expanded its institutional and high net worth business development team with the addition of Brian Dutzar, serving as Director and based in Chicago, Mark Friedrich, serving as Managing Director and based in Los Angeles, and Brian Lee, serving as Director and based in New York.

Bridge Bank today announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group. Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients nationwide. The new team members are based in Boston, Phoenix and Southern California.

Global M&A Network has named A&G Real Estate Partners Co-President Andy Graiser to its 2022 list of “Top 100 Restructuring Professionals.” The ninth-annual “Distinction in Deal-Making Award” recognizes “highly respected, successful and innovative” leaders in the restructuring and turnaround world, the organization noted in the announcement.

An October 6 online auction by Tiger Group features equipment from Passport Foods’ shuttered Ontario, Calif. plant. The specialty food processor sold entrees, wraps, noodles and appetizers under the Chef’s Signature, Wing Hing, Cantina Fresca and Sofia’s brands. The online auction closes on Thursday, October 6, at 10:30 a.m. (PT). Bidding opens Thursday, September 29, at 10:30 a.m. (PT) at SoldTiger.com.

EQ Riskfactor, a leading global provider of risk management software for the commercial finance market (part of Equiniti Group), has today launched a new international report. The Global Business Borrower report provides a detailed snapshot of current business sentiment in five key markets: the US, UK, France, Germany and the Netherlands.

Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), it has amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.

Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) is pleased to announce that its wholly-owned subsidiary, MLC US Holdings LLC (“MLC US Holdings”), as borrower, has entered into an amendment (the “First Amendment”) to its existing credit agreement dated August 20, 2021 (the “Existing Credit Agreement” and together with the First Amendment, the “Credit Agreement”) to increase the term loan available pursuant to the Credit Agreement by US$4,500,000 for a total facility size of up to US$28,562,500 (the “Credit Facility”).

McDonald Hopkins LLC is proud to announce the addition of two experienced mergers and acquisitions attorneys to the Firm's Baltimore/Annapolis office. Kathryn L. Hickey and David T. Shafer have both joined McDonald Hopkins as Members, adding their expertise to a growing national M&A team and serving as the latest addition to the firm's increased presence on the East Coast.

Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Madison Dearborn Partners’ acquisition of Unison (the “Company”), a leading provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors.

O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Prospect Partners' recapitalization, with management, of Blackwood Solutions & its related entities (together "Blackwood"). Blackwood is a leading electric utility services provider offering specialty transportation, logistics management, recycling, and disposal services in over 20 states.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“OCSL”) and Oaktree Strategic Income II, Inc. (“OSI II”) today announced that they have entered into an agreement to merge together with OCSL as the surviving company, subject to stockholder approval and customary closing conditions.

With his over 30 years of executive experience leading the transformation and growth of storied brands such as St John Knits, Dolce & Gabbana, Donna Karan, Giorgio Armani and operational turnarounds of numerous other brands, Mr. McMahon is the newest senior leader of Getzler Henrich's growing Retail and Turnaround and Restructuring Practice.

In September 2022, Express Trade Capital Inc. secured a deal for a Hong Kong-based denim manufacturer who will work directly with top U.S. retailers who previously bought their denim goods through indirect wholesale channels.