TSL Express Daily Articles & News

SLR Healthcare ABL is pleased to announce it has provided a $4 million asset-based revolving line of credit to a freestanding ER operator.

Siena Lending Group LLC ("Siena") announces the appointment of Bridget Anderson as senior vice president of Originations, to further strengthen its originations efforts throughout the Midwest. Bridget joins Siena from PNC Business Credit where she held various roles in underwriting, portfolio, and business development.

Commercial Finance Partners is pleased to announce the expansion of its direct funding programs. It is providing accounts receivable financing for small businesses seeking cash flow solutions, typically focusing on smaller businesses who sometimes get ignored by larger lenders. Commercial Finance Partners has relocated its operations internally to Boca Raton, Florida, and is pleased to announce a new hire, Laurie Henriquez, who will serve a senior account executive.

Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has finalized a credit agreement with a syndicate of Banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.

ran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has, through its wholly owned subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million.

Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Support Services Group, Inc. ("SSG" or "the Company"), an industry-leading provider of global omnichannel contact center solutions. SSG's founding ownership group will continue post-transaction as minority owners of the Company.

J D Factors announces it has provided the following factoring facilities: $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Quebec; $350,000 to a transportation company in California; $300,000 to a transportation company in New Jersey.

SLR Equipment Finance is pleased to announce Christina Taylor has joined our company as a legal operations manager. In her position, Christina will play a key role as we seek to improve efficiency and increase productivity with a keen focus on process, procedure and quality control with an eye to improving member and customer experience.

On August 18, 2022, Gladstone Commercial Corporation (NASDAQ:GOOD) announced today that it amended, extended and upsized its syndicated revolving credit and term loan facility from $325 million to $480 million. The term loan component was upsized by $135 million, while the revolving credit facility was upsized by $20 million.

XS Financial Inc. ("XS Financial", "XSF" or the "Company") (CSE:XSF) (OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced today that it has entered into a new $24 million line of credit ("Credit Facility") with Needham Bank committing $20 million and acting as the administrative agent.

Benefitfocus Inc. (NASDAQ: BNFT) (“Benefitfocus” or the “Company”), an industry-leading cloud-based benefits administration technology company that simplifies benefits administration for employers, health plans and brokers, today announced that it has entered into a loan agreement led by JPMorgan providing for a senior secured credit facility in the amount of $140 million (“Senior Secured Credit Facility”) to replace the Company’s existing revolving line of credit.

"These outstanding professionals possess a deep expertise, client-centric mindset and dedication to technology that is so critical for success in today's hyper-competitive marketplace," said Eisner Advisory Group CEO Charly Weinstein. "We look forward to these deserving new partners adding even more value for clients and are excited to have them as part of our team."

Star Mountain Capital, a rapidly growing, employee-owned specialized private investment firm with over $3 billion AUM announced that Jack Le Roy, former Founder and Head of $100+ billion private equity firm Thoma Bravo’s private credit investment business, has joined as a Managing Director.

WellnessLiving (the "Company"), which provides a cloud-based business management software and integrated payments platform for fitness and wellness operators, announced that the Company has partnered with McCarthy Capital to accelerate its growth. In addition to McCarthy Capital leading the $46 million minority investment, CIBC Innovation Banking has provided $20 million in growth financing, bringing the total raised this round to US$66 million.

Endo International plc (ENDP) said Tuesday that the company and certain of its subsidiaries initiated voluntary prearranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York. The company said that it has initiated the proceedings to facilitate sale process and provide an appropriate forum for bringing closure to opioid-related and other uncertainties without the need for continued costly, time-consuming litigation.

A recently completed Stifel Financial Corp. (NYSE: SF) survey of corporate executives, business owners, and private equity investors finds inflation and the tight U.S. labor market represent the two biggest perceived threats to business today. In addition, nearly all respondents are bracing for an economic recession.

PNC Bank, N.A. is acting as the administrative agent. Citi Bank N.A, HSBC, JPMorgan Chase Bank N.A., and TD Bank N.A. are acting as co-syndication agents. BNP Paribas, Credit Agricole CIB, First National Bank, MUFG LTD, and US Bank N.A. are acting as co-documentation agents.

FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in its Financial Services practice within the Forensic and Litigation Consulting segment with the appointment of Sepideh Rowland as a Senior Managing Director and Gabriel Hidalgo as a Managing Director.

Standard Chartered Bank (the "Bank") today announced the hiring of Roy Kuruvilla as a managing director for its leveraged and acquisition finance platform in the Americas. In his role, Roy is responsible for developing the Bank’s leveraged and acquisition finance business strategy for the region and ensuring the consistency and effectiveness of offering relevant credit market solutions and products to clients.

BDO Consulting Group, LLC has promoted Nick Welch to managing director in the firm’s Business Restructuring and Turnaround Services practice. Nick is based in Miami, Florida and covers the Southeast regional market. A seasoned financial advisor, Nick has more than 20 years of experience in professional services and has spent the last decade advising private equity groups, lenders, and management teams on debt and operational restructuring strategies as well as interim management and transaction services.