TSL Express Daily Articles & News

The law firm of Moritt Hock & Hamroff LLP announced that Leslie A. Berkoff, Ted A Berkowitz, Michael Cardello III, James P. Chou, Robert S. Cohen, Theresa A. Driscoll, Andrew B. Eckstein, Robert M. Finkel, Robert J. Fryman, Stephen J. Ginsberg, Henry L. Goldberg, Marc L. Hamroff, Alan S. Hock, Dennis C. O'Rourke, Michael S. Re, Robert M. Tils, Jonathan Trafimow, David N. Wechsler, Alexander D. Widell and Peter B. Zlotnick have been named New York Metro Super Lawyers® for 2022. The firm further announced that Brian P. Boland, Matthew S. De La Torre, Alexander Litt, Dan Lust, Caitlyn M. Ryan and Kelly Schneid have been named New York Metro Super Lawyers Rising Stars for 2022.

Caymus Equity Partners LLC (“Caymus Equity”) has acquired Seneca Resources, LLC (“Seneca” or the “Company”), a rapidly growing IT staffing company based in Reston, VA, with additional offices in Richmond, VA, Atlanta, GA, Birmingham, AL, and Dallas, TX. The acquisition represents Caymus Equity’s third staffing investment and the second investment out of Caymus Equity Partners Fund II.

PPL Group and Alex Lyon & Son are auctioning about $10MM worth of very late model construction equipment on September 30 in Charlottesville, VA. The joint venture bought all the personal property assets of AG Dillard, Inc. who filed for Chapter 11 Bankruptcy earlier this year.

To facilitate growth, ETC laid out two bowls of funding: a factoring line capped at $4.5MM and a PO funding line of $500,000. The two lines will expand, contract, and otherwise adapt based on the client’s sales revenue and history.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced it has provided a loan to finance the rollout of an Employee Stock Ownership Plan (ESOP) for Metro Walls, a full-service commercial framing, drywall, and acoustical company with locations across New England.

King Trade Capital (“KTC”) is pleased to provide a unique finance solution to support a provider of seasonal onsite flu vaccine clinics. KTC’s client has been in business for over 20 years focusing on providing onsite vaccine clinics at their customers facilities.

Wildpack Beverage Inc. (TSXV:CANS)(OTCQB:WLDPF) ("Wildpack" or the "Company") a U.S. national beverage co-packer and packaging supplier focused on the aluminum can format, today announces that it has entered into a senior secured revolving credit facility (the "Facility") with Transportation Alliance Bank, Inc. ("TAB Bank"), for up to US$5,000,000 in asset backed financing.

Sweet Leaf Madison Capital (SLMC), a nationwide provider of tailored debt financing solutions for the middle-market cannabis industry, today announced the closing of a loan for more than $600,000 to Harvest Care Medical, a West Virginia-based company committed to bringing high-quality medicinal cannabis products to patients in the Mountain State.

For this transaction, SMBC also served as Sole Coordinating Lead Arranger, Sole Bookrunner, Green Loan Coordinator, and Administrative Agent. Both financings for QTS were green loans within the North American market.

Dynasty Financial Partners, the leading provider of back and middle-office outsourced solutions for RIAs, is pleased to announce the closing of a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole Administrative Agent, and UMB Bank, N.A. and J.P. Morgan joining RBC as Joint Lead Arrangers and Joint Book Runners. Citibank, N.A. as well as Goldman Sachs Bank USA will also a member of the syndicate.

Phoenix Services LLC, a premier provider of mission critical services to leading, global steel producing companies, today announced that the Company and certain of its U.S. affiliates have taken the next step in its comprehensive restructuring strategy by filing voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

VerifyMe, Inc. (NASDAQ: VRME) ("VerifyMe," "we," "our," or the "Company"), together with its wholly owned subsidiary PeriShip Global LLC ("PeriShip"), provides brand owners time and temperature sensitive logistics, supply chain monitoring, authentication and data-rich consumer engagement, announced today that PeriShip has entered into a new debt facility with PNC Bank, National Association

Stifel Financial Corp. (NYSE: SF) and Korea Investment & Securities Co., Ltd. (KIS), a subsidiary of Korea Investment Holdings, today announced the formation of a substantial leveraged lending joint venture, SF Credit Partners.

Solifi™, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time reconfirmation of order commitments, and further streamline transactions.

Wingspire Capital LLC (“Wingspire”) provided a revolving loan facility in concert with a larger asset-based credit facility with WhiteHawk Capital Partners (“WhiteHawk”) to trading card investment platform PWCC Marketplace, LLC and certain affiliates (collectively “PWCC”) to create further liquidity for its expanding commercial financing business.

Provident Financial Services, Inc. (NYSE: PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) (“Lakeland”), the parent company of Lakeland Bank, today announced that they have entered into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger, valued at approximately $1.3 billion.

Winston & Strawn represented Atlis Motor Vehicles (Atlis), a vertically integrated startup EV technology ecosystem company developing an electric work truck and the batteries to power it, in connection with its application to list on the Nasdaq Exchange.

The PNC Financial Services Group, Inc. ( NYSE: PNC) today announced it has acquired Linga, a point of sale (POS) and payments solutions firm providing an industry-leading, cloud-based restaurant operating system. The acquisition of Linga and its technology will further expand PNC's digital resources and enhance the bank's capabilities to better serve its hospitality and restaurant industry clients.

William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that it has continued its private capital advisory team growth with the addition of Jake Stuiver. Stuiver joins as a director in New York, where he will work on complex limited partner–led secondary transactions.

--inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing in key target markets which include automotive, defense/aerospace, industrial, life sciences, security, and semiconductor, announced today that it has executed an amendment to its loan agreement with M&T Bank to expand the existing non-revolving delayed draw term loan facility by $25.5 million to $50.5 million.