TSL Express Daily Articles & News

Tiger Group and Southern Fabricating Machinery Sales set August 9 online auction for CNC machines by Hurco and Fadal, electrical discharge machinery by Xermax and Elox, as well as shop equipment and rolling stock

Broadwind (NASDAQ: BWEN), announced today that it has completed a $35 million senior secured asset-based revolving loan facility and a $7.578 million senior secured term loan facility with Wells Fargo Bank, National Association as lender.

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce the amendment of its revolving credit facility (the "Credit Facility"). The recently closed amendment provides an extension of the Credit Facility's final maturity to August 2027. The total commitments of the Credit Facility increased from $855.0 million to $920.0 million while maintaining an expanded accordion feature that allows for an increase up to $1.4 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

Apogee Enterprises, Inc. (Nasdaq: APOG) announced today that it has completed the amendment and extension of its senior unsecured credit facility. The agreement increases the company’s unsecured revolving credit facility to $385 million and provides for an uncommitted accordion feature allowing for an additional $200 million of borrowing capacity.

Some large and middle-market borrowers faced tighter standards from commercial banks in the second quarter, found a Federal Reserve survey. After some easing of business lending standards in 2021 and 2022, domestic U.S. banks may be getting more scrupulous when it comes to borrowers and the terms they offer on commercial and industrial (C&I) loans.

Global investment firm The Carlyle Group Inc. (Nasdaq: CG) ("Carlyle" or "the Company") today announced changes in its executive leadership team. With Chief Executive Officer Kewsong Lee's five-year employment agreement coming to a close at the end of 2022, both the Company's Board of Directors and Mr. Lee mutually agreed as part of their discussions that the timing is right to initiate a search for a new CEO to lead Carlyle forward in its next phase of growth.

Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital" or the "Company"), a leading advertising and marketing technology platform and owner of operating companies Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, today announced the successful completion of an extension to its existing debt facility.

Guggenheim Securities, LLC served as exclusive financial adviser to Avantus and NewSpring Holdings, and Baker Tilly provided financial due diligence expertise. Blank Rome LLP and Kirkland & Ellis LLP served as counsel to Avantus. Citizens and Gleacher Shacklock served as joint lead financial advisers and Baker McKenzie served as counsel to QinetiQ.

Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced it has borrowed an additional $9.6 million pursuant to the previously announced senior secured term loan facility with Atlas Credit Partners.

CBRE Group, Inc. (NYSE:CBRE) today announced that it has entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.

36th Street Capital Partners LLC (“36th Street Capital”), an independent provider of equipment financing solutions for middle market companies, announced the appointment of Cecile Latouche as executive vice president of Credit & Risk Management, effective immediately.

J D Factors announces it has provided the following factoring facilities: $250,000 to a transportation company in South Carolina; $200,000 to a transportation company in Alberta; $500,000 to a transportation company in Quebec; $50,000 to a transportation company in Missouri...

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in July. The first, is a $3,000,000 revolving accounts payable funding facility for a privately owned wholesale distributor of moderately priced furniture. The second is a $2,000,000 revolving accounts payable funding facility for a manufacturer of specialty candy and gift products.

Altisource Asset Management Corporation (NYSE: AAMC) announced today that it entered into an agreement for a $50 million line of credit with Flagstar Bank FSB, a federal savings bank.

Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced that it named Thomas M. Prame as President of the Company and its wholly owned subsidiary, Horizon Bank. The appointment is effective August 15, 2022 and represents an important step in Horizon’s strategic expansion of its leadership team.

J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has completed fundraising for its fifth private equity fund, J.C. Flowers V L.P. (together with parallel vehicles, "JCF V"), with more than $1.1 billion in commitments.

AIO Logic is announcing the launch of their AXIS commercial lending platform. AXIS by AIO Logic provides commercial lenders with increased efficiency and accuracy throughout the loan life cycle by providing them with unprecedented automation and analytics within an end-to-end origination, management, and servicing platform.

Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the Company closed on the refinancing of a $500 million Senior Secured Credit Facility (the “Credit Facility”) and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties (the “USS Portfolio”).

Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, today announced the June 30, 2022, expansion for their line of credit to $225,000,000 from $175,000,000.

Katten announced today that the firm’s Executive Committee approved the promotion of 19 attorneys to partner. “We have seen this group of attorneys perform to the highest standards, develop effective skills and provide excellent client service, contributing significantly to the success of their practices and the firm overall,” said Katten Chairman Roger P. Furey. “We congratulate them on this major career achievement.”