TSL Express Daily Articles & News

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced a new and expanded revolving credit facility with a bank syndicate comprised of five lenders. The five-year facility is for an aggregate principal amount of up to $250 million, which amount may be decreased at CRA’s option to $200 million from July 16 through January 15 of each year when CRA’s working capital needs are typically diminished.

TAB Bank will help raise money to help the homeless reach goals of sobriety, employment and housing at the 2022 Ogden Rescue Mission Charity Golf Tournament on Friday, Sept. 9, at Wolf Creek Resort in Eden, Utah. Hosted by the bank, all proceeds from the tournament will benefit the Ogden Rescue Mission, a faith-based 501(c)(3) nonprofit organization that provides housing, food, counseling and employment services for homeless persons in Northern Utah.

Phoenix Tower International, LLC ("PTI"), through its Spanish subsidiary (Phoenix Tower International Spain ETVE, S.L.U.), U.S. subsidiary (Phoenix Tower US Holdings (REIT) Inc.), and its Chilean subsidiary (Phoenix Tower International Chile SpA) announced today that it has amended and restated its senior credit facilities to consolidate and expand them into a single US$2.0 billion senior secured multi facility transaction covering all of North and South America.

Carestream Health (“Carestream” or the “Company”) announced it is taking the planned next step to implement the previously announced recapitalization process with its lenders by voluntarily filing for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Kirkland & Ellis LLP is serving as the Company’s legal counsel, Houlihan Lokey Capital, Inc. is serving as its financial advisor, and AlixPartners, LLP is serving as its restructuring advisor.

Blackline Safety Corp. (the "Company") (TSX: BLN) a global leader in connected safety, today announced it has signed a non-binding term sheet for a new two-year $15 million senior secured operating facility — with a potential $5 million accordion feature to increase the size of the facility — with ATB Financial.

AmeriTex Holdings LLC (AmeriTex) today announced that it closed $380 million in Senior Secured Credit Facilities with U.S. Bank National Association ("U.S. Bank") to combine with its $35 million in current Subordinated Notes with Prudential Capital Partners, LP ("Prudential") to continue its growth in products and other capabilities to best serve its Texas contractor customers.

Comerica Incorporated (NYSE: CMA) announced that Joe Ursuy has been named to the new role of Executive Vice President, National Businesses for Energy, Renewables, and Waste. He will report to Mike Ritchie, Executive Vice President, Head of National and Specialty Businesses.

Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, today announced the signing of a US$50 million credit facility* with HSBC Singapore to continue expanding the firm's reach to serving underserved SMEs in the region.

Final Bell Holdings International Ltd. (the "Company") is pleased to announce today that it has entered into a loan agreement (the "Loan Agreement") dated August 17, 2022 with Golden Iris International Limited (the "Lender"), which provides for a senior secured term loan facility of US$25 million (the "Term Loan").

Rockland Trust has added Tony Pascuccio and Jeff Rathkamp as VP commercial loan officers in its Danvers office. Pascuccio brings over three decades of experience in the financial services industry, including lending, management and development. Rathkamp brings nearly three decades of experience in the financial services and commercial lending, including specialty finance related to the energy sector.

AlixPartners, a global management consulting firm, has promoted Dan Ritter to chief financial officer. Based in Southfield, MI, Ritter will lead AlixPartners’ finance function globally and will join the firm’s senior management team.

Best Lawyers in America has recognized nine Moritt Hock & Hamroff attorneys in its 2023 edition. Six attorneys were included in The Best Lawyers in America® and three attorneys were included in The Best Lawyers: Ones to Watch in America®.

CIBC today announced three new team members in its growing Dallas office. Brent Currier is appointed head of the CIBC Private Wealth, US, office in Dallas. Wendy Holder is named Managing Director and Texas Commercial Group Manager, CIBC US Commercial Banking. Frank Bonet is named Managing Director and Senior Relationship Manager with the Commercial Banking team’s US Asset-based Lending Group.

Greystone, a leading national commercial real estate finance company, placed a total of $52,560,000 in debt and equity construction financing for a 180-unit senior housing community in Gainesville, Florida. The transaction was originated by Cary Tremper and Matt Miller of Greystone, on behalf of Discovery Senior Living.

O2 Sponsor Finance, a division of Old Second National Bank, today announced that it acted as Administrative Agent and Lead Arranger for $41.5 in senior secured credit facilities to support Borgman Capital's portfolio company Gilman Cheese Corporation in its acquisition of Dairyfood USA. (together the "Company").

F&F Capital Group, an innovative investment firm specializing in real estate, technology, and aviation investments, has named Kevin McKenzie as its new Chief Investment Officer. The F&F family office, where McKenzie will be based, was established by Jeffrey Frieden and Robert Friedman, founders of Auction.com and Ten-X Commercial.

High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that it has entered into a binding commitment letter with Connect First Credit Union Ltd. (“connectFirst”) for a $19 million credit facility with an initial 5-year term (the “Credit Facility”), at connectFirst’s floor interest rate.

Northern Trust Appoints Jose M. Perez Senior Lending Officer in South Florida Market MIAMI – Northern Trust has appointed Jose M. Perez Senior Lending Officer of the South Florida Market. He will be responsible for a significant diversified loan and deposit portfolio comprised of domestic and international clients, including affluent families and closely held companies.

BlueTape, a leading payments and financing provider for the construction industry, today announced the closing of a $50M debt funding led by Arcadia Funds and a $5M seed round led by Chicago Ventures. Other investors include construction industry executives, real estate developers, and Plug and Play Ventures.

Ms. Stratton will serve as Senior Managing Director in Corporate Finance and the National Practice Leader of Special Situations. Ms. Stratton is a nationally prominent investment banker and restructuring advisor. She joins the Hilco Corporate Finance team to lead the growth of the special situations and restructuring practice. Ms. Stratton will be based in Los Angeles.