TSL Express Daily Articles & News

J D Factors announced it provided the following: $150,000 to a transportation company in Texas;$100,000 to a transportation company in Alberta; $250,000 to a transportation company in Ontario; $500,000 to a transportation company in Ohio; $200,000 to a transportation company in New Jersey

Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today that Jordan Lee has joined the firm as a Principal to expand Kian’s capacity for making new investments and continue to grow its operations and origination capabilities.

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.

H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with over $50 billion of capital under management, is pleased to announce that Carlos Soto has joined the firm as a Managing Director and Head of U.S. Private Equity Business Development.

King & Spalding announced today that Marisa Sotomayor has joined the firm as a partner in its Corporate, Finance and Investments (CFI) practice group. Sotomayor is based in New York.

SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Tom Bausano has joined the firm as Managing Director, Co-Head of Debt Capital Markets and Debt Syndicate. In this role, Tom will work closely with the firm’s debt capital markets business, providing his expertise and leadership to help drive further growth for this area.

Mitsubishi UFJ Financial Group (MUFG) announced today the formation of a Direct Lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions.

CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $75 million factoring facility on behalf of a consumer products wholesaler. CIT worked with the client to arrange a factoring facility to replace an existing asset-based lending facility with another lender.

Citizens announced today that its Commercial Real Estate Finance team led a $67.3 million construction loan to Trinitas Ventures for the development of a new 286-unit, 750-bedroom student housing project near the University of Central Florida in Orlando, Fla. Citizens is Sole Lead Arranger, Sole Bookrunner and Administrative Agent.

EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), is pleased to announce that it has signed a term sheet with its existing lender, Roynat Capital (a subsidiary of Scotiabank) and Export Development Canada (“EDC”) for a $31 million syndicated senior term loan to support the upgrade and construction of its Renewable Natural Gas (“RNG”) facilities at Fraser Valley Biogas (“FVB”) and Net Zero Waste Abbotsford (“NZWA”), respectively.

Hilco Enterprise Valuation Services (HEVS) is excited to announce the addition of Eric Jenkins to the Enterprise Valuation Services team. Mr. Jenkins will serve as Managing Director with a focus on leading and growing our Disputes Consulting practice.

CIBC Innovation Banking announced today that it has provided €35 million in growth capital financing to Ageras to accelerate the Copenhagen-based company’s strategic acquisitions pipeline and to expand its suite of software tailored to the demands of small businesses.

First Federal Bank announces commercial lending services are expanding to the Tampa market, to complement the existing mortgage offering. Jennifer Mulligan has joined the First Federal team as the Commercial Market Manager and will locally serve her hometown of Tampa Bay.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support three add-on acquisitions (Dalworth Restoration, Cousino Restoration, and RestorePro) and provide growth capital for FLEET Response, an existing portfolio company of Trinity Hunt Partners.

Transcap, a fast-growing freight factoring and alternative lending brand, has brought together America’s top factoring experts to launch a fast, convenient invoice factoring solution designed to support trucking owner-operators, fleets and freight brokers across the nation.

Tiger Group is auctioning more than 300 lots of machinery and equipment from South Gate’s century-old Bell Foundry Co. In addition to nine Fadal and Doosan CNC vertical machining centers, the online auction on Aug. 16 includes furnaces, molders, cranes, air compressors, rolling stock, and tooling and warehouse equipment.

Farmer Bros. Co. (NASDAQ:FARM) ( “Farmer Brothers” or the “Company”) today announced that the Company had amended (the “Amendment”) its ABL credit facility with Wells Fargo Bank, N.A., providing further flexibility and additional liquidity under its current revolving credit facility.

New data released from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Max M. Fisher College of Business, reveals that middle market firms are continuing to report sustained growth despite ongoing macroeconomic pressures.

Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HGI” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2022.

Prestige Capital is pleased to announce that Umberto G. DiStefano has joined the company as Sales Director- MidAtlantic. Umberto, previously a Product Manager at Coface North America, where he sold insurance products to B2B, small and medium size businesses, will be responsible for expanding Prestige Capital’s brand and business in the Mid-Atlantic market.