TSL Express Daily Articles & News

Associated Banc-Corp (NYSE: ASB) today announced the appointment of Paul Schmidt to the role of Twin Cities market president. The company also announced plans for the expansion of its market commitment and accelerated growth through its new Engage Local initiative.

Truist Securities served as financial advisor and Finn, Dixon & Herling LLP served as legal counsel to Gridiron. Macquarie Capital served as financial advisor to Vistage; Ropes & Gray along with Stradling Yocca Carlson & Rauth served as legal counsel. Financial terms of the transaction were not disclosed.

CIBC Innovation Banking is pleased to announce £40 million of growth financing for London-based Smart, a leading retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.

Audax Private Debt announced that, as Administrative Agent & Joint Lead Arranger, it provided a unitranche credit facility to support the acquisition of RotoCo (the “Company”), a franchisee of Roto-Rooter, by Bessemer Investors, a New York-based private equity firm.

Irontrax is proud to welcome Rick Wilichowski to the team. Rick brings a wealth of knowledge from his 30+ years in the appraisal business. Rick has been with Gordon Brothers/AccuVal Associates for most of his career where he most recently held positions of practice group leader for personal property valuations and business development in the Midwest.

BHI, a full-service commercial bank, announced that its Consumer & Industrial Group has provided $18.35 million in financing for Allstate Sales Group (ASG), a provider of telecom and electric infrastructure engineering, design and construction services. The financing consists of a senior secured revolving credit facility, a term loan facility, mortgage financing for three properties and a purchase card line.

Winston & Strawn represented Koppers, Inc., as borrower, in connection with a $800 million revolving credit facility agented by PNC Bank, National Association. Koppers Inc., a subsidiary of the public company Koppers Holdings Inc, produces carbon compounds and treated wood products for a variety of industries.

Resolute Capital Partners (“RCP”), a private investment firm focused on providing structured capital solutions to lower middle market businesses, today announced the close of Resolute Capital Partners Fund V (“RCP V”) at $405 million in aggregate capital commitments. The funding includes assumed leverage accessible through RCP’s licensure by the United States Small Business Administration (“SBA”) as a Small Business Investment Company (“SBIC”).

Bluevine, the leading provider of holistic banking solutions designed for small businesses, today announced a new brand identity, reflecting the company's next era of its commitment to grow and evolve its services alongside the changing needs of small business owners. Bluevine's new logo, symbol, color palette, and typeface reflect its modern, technology-forward, empathetic approach driven by its purpose of advocating for, understanding, and serving small businesses.

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently invested a total of $19.5 million in three existing lower middle market portfolio companies, PPL RVs, Inc. ("PPL"), Centre Technologies Holdings, LLC ("Centre") and Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners, P.C. ("Heritage").

City National Bank has grown its Commercial Banking presence on the East Coast with the addition of nearly a dozen new bankers and now offers commercial, institutional, and nonprofit banking services throughout the region with an expanded focus on upstate New York, the mid-Atlantic and Southeast.

Republic Business Credit is proud to announce that Mary Carrillo has joined as Vice President, Customer Credit Manager, in its Los Angeles office. Mary brings significant industry expertise to Republic’s ambitious growth plans. Leading the customer credit department and its critical role in assessing customer credit risk across the business with a specific focus on apparel, textile, consumer packaged goods, furniture, and fashion industries, Mary will report directly to Republic’s Chief Operating Officer and Board Member, Matthew Begley.

Manish Gupta joins A&M’s Global Transaction Advisory Group as a Managing Director with more than two decades of cross-border transaction and transformation experience

KKR, a leading global investment firm, today announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund dedicated to asset-based finance investments “ABF.” The approximately $2.1 billion fund will commit capital globally to privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, with attractive risk-adjusted returns.

Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital and Onyx Asset Advisors to acquire Mesa Vineyards’ assets for resale through an orderly sale and an online public auction in August.

Solifi™, a global fintech software partner for secured finance, announced that Mountain Ridge Capital (MRC) selected and recently deployed Solifi’s asset-based lending (ABL) software solution. A start-up ABL independent with seasoned finance executives and rapid growth projections, MRC is partnering with Solifi because of its technology platform, industry knowledge, fast implementation, and the ability to scale in line with their growth targets.

Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $77 million TRAC lease with a premier long-haul waste transportation provider serving a broad range of commercial waste management companies. The lease refinanced their entire fleet of tractors, trailers, and other related equipment.

InterNex Capital announced it provided a $3.5 million line of credit to an 18-year-old management company focused on remodeling and renovating multifamily homes. The company sought a more flexible lending partner as incumbent bank lender constrained liquidity with excess covenants and restricted eligibility.

STEP Energy Services Ltd. (TSX:STEP) (“STEP” or the “Company”) is pleased to provide an update on its credit agreement. STEP has entered into an agreement with a syndicate of Canadian banks which amends and extends its credit agreement.

Service 1st Financial, LLC ("Service 1st" or the "Company") announced today that Forbright Bank ("Forbright") has provided a senior debt facility to support continued growth of the Company's Premier Program®. The Premier Program is a worry-free service for homeowners to replace and upgrade their heating, cooling, plumbing, and back-up power systems for a low monthly payment, while eliminating the common pain points associated with owning, maintaining, and repairing such systems.