TSL Express Daily Articles & News

Maxim Commercial Capital (“Maxim”) provided creative financing solutions for small businesses across the U.S. during the second quarter of 2022. Fundings ranged in size from $20,000 for an owner operator to purchase a new rig to $2.0 million for a residential care company to purchase an additional facility to grow its business.

SLIM Capital, located in Beverly Hills and Orange County, California, reports significant increased business volume for the first half of 2022. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti, CEO is extremely pleased with how 2022 has begun and feels confident that there will be continued growth as we prepare for the last half of the year.

North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, announced that the company has implemented major enhancements to its pricing scheme, simplifying its buy rate structure and connecting each price point directly to the credit parameters company analysts use to assess each transaction.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that its rapidly growing Transactions & Turnaround Advisory practice has been rebranded Value360. The new name reinforces the practice group’s full service offering to clients across all industries and situations, primarily in situations that involve a transaction, or those undergoing change and disruption.

Greenbrook TMS Inc. (TSX: GTMS, NASDAQ: GBNH) (“Greenbrook” or the “Company”), a leading provider of Transcranial Magnetic Stimulation (“TMS”) therapy in the United States, is pleased to announce the closing of its previously-announced acquisition (the “Acquisition”) of Check Five LLC, a Delaware limited liability company (doing business as “Success TMS”) (“Success TMS”). In addition, Greenbrook announces today that it and its subsidiaries have entered into a credit agreement for a US$75 million secured credit facility (the “Credit Facility”) with Madryn Asset Management, LP (“Madryn”) and its affiliated entities.

Quotient Industrial Capital (QIC) provided an accounts receivable facility to an Infusion Care Nursing company, a provider for patients of CVS, Wallgreens and other national healthcare services companies. The QIC client will use proceeds of the facility to support the continued growth across its core business, mostly focused on hiring more nurses to service more patients.

Theratechnologies Inc. (“Theratechnologies” or “the Company”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it has received a binding commitment with respect to a non-dilutive term loan with an affiliate of Marathon Asset Management for up to $100 million. All dollar amounts are expressed in U.S. dollars, unless otherwise stated.

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announces the expansion into Western North Carolina with the opening of ServisFirst Bank Western North Carolina, headquartered in Asheville. Led by two Asheville-natives, Bryan Boone joins ServisFirst Bank as Regional President of this new market, and Tammy Baldwin will serve Asheville as Business Services Officer.

Clearlake Capital Group, L.P. ("Clearlake"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, today announced several senior executive promotions and new additions to the Clearlake team.

Great Rock Capital is pleased to announce the promotion of Jim Clifton to Chief Commercial Officer. Jim will be based in Chicago and is responsible for expanding the firm’s origination efforts and strategic relationships across North America.

Crossroads Financial provided a $5,800,000 inventory revolving line of credit to a producer and distributor of wine in California. Crossroads Financial's client has won 100+ medals, received 90+ point ratings for their portfolio of wines, and named one of the top 1000 fastest growing private businesses in America by Inc. Magazine.

Airbase, the fast-growing and top-ranked spend management platform for mid-market and enterprise companies, has today announced $150M in debt financing led by Goldman Sachs. This latest funding, which closed this month, will allow Airbase to expand its innovative charge card program to its increasing base of customers. Demand for Airbase corporate cards — part of its award-winning spend management platform — has been surging as more companies seek visibility and control over employee spending.

Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it renewed its two-year revolving credit agreement with Citibank, N.A., and doubled the capacity from $100 million to $200 million.

Scent Beauty hired Brooks, Houghton & Company, a NYC-based merchant banking firm, to identify a financing partner to assist the company with its strong sales growth trajectory. As the financing search process evolved, it became clear that Gibraltar’s expert team would best serve the company now and in the future. Direct access to Gibraltar’s senior credit decision makers, who took the time to understand Scent Beauty’s business plan, was a primary driver of this decision.

Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of an additional $30 million lease with one of its long-standing customers, the third transaction provided for this customer since 2016. The lease proceeds were used to acquire new equipment to expand production capabilities.

IDB Bank, a New York-based private and commercial bank, announced Ken Savio as President & Chief Executive Officer (CEO) of IDB Capital, IDB Bank's broker-dealer subsidiary. As CEO, Savio will oversee the growth of IDB Capital as the Bank expands its wealth management business. He will also serve as a member of the IDB Senior Management Team and will report to Ziv Biron, IDB Bank's President & CEO.

TD Bank, America’s Most Convenient Bank®, today announced that Don Baker has joined TD as the Vermont Commercial Market President. Baker succeeds Phil Daniels, who will be retiring later this year after 40 years with TD.

Phoenix IB, a leading middle market situations investment bank, acted as the exclusive financial advisor and investment banker to Polymeric Resources Corporation in arranging, structuring, and negotiating a refinancing of $30 million through Citizens. The new refinancing consists of a Revolving Line of Credit, a Capital Expenditure Line of Credit, and a Delayed Draw Term Loan. The proceeds from the new refinancing will be utilized to refinance existing debt and facilitate future growth.

Citizens Financial Group, Inc. (NYSE: CFG) today announced a definitive agreement to purchase select assets and liabilities of Paladin Advisors, an independent, registered investment advisor headquartered in Kensington, New Hampshire. This acquisition strengthens Citizens’ presence in an important geography, while bringing additional investment capabilities to the Clarfeld | Citizens Private Wealth team.

Cadence Business Finance, a division of Cadence Bank (NYSE:CADE), has committed $11.25 million as part of a credit facility for Business Interiors, Inc., a full-service contract furniture dealer and interior design consultant.