TSL Express Daily Articles & News

Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,500,000 account receivable line of credit for a fast growing Managed Transportation Company. The east coast based firm specializes in managing the in-bound and out-bound freight for a number of middle market manufactures, and distributers around the country.

(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, today provided an update on discussions with its banking partners regarding amendments to the Company’s credit facilities.

Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) ("Columbia"), today announced the expansion of its Business Lending Division into Utah with the hires of veteran Salt Lake City-area bankers Jeffrey Thomas and James Divver.

Swift Lending (“Swift”), a national private commercial real estate lender,today announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance. Swift provides bridge loans to qualified real estate investors active in the residential real estate marketplace.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Corporate Banking team led the financing for the ground-up construction of Lovell Arena with a $20 million participation loan as part of the $30 million project.

On the north shore of Oahu, Hawaii, RCA Trade Center provides essential infrastructure to agricultural players in Hawaii. Its industrial storage and warehouse buildings give growers and distributors of local and imported goods the space they need to feed the residents and tourists on the island of Oahu.

Huntington Business Credit announced it closed $63,200,000 in new credit facilities with Ardisam, Inc. on June 22, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing working capital growth financing.

Archaea Energy Inc. (“Archaea,” “the Company,” or “we”) (NYSE: LFG), an industry-leading renewable natural gas (“RNG”) company, today announced that it1 has successfully closed the previously announced amendment to its Revolving Credit and Term Loan Agreement. Aggregate commitments now total $1.1 billion, an increase of approximately $630 million from the original facilities, including a $400 million senior secured term loan credit facility and a $700 million senior secured revolving credit facility (together, the “Amended Facilities”).

Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or the “Company”) announces the closing of a new, five-year $100 million North American asset-based revolving credit facility (the “ABL Revolver”), involving Ferroglobe’s subsidiary, Globe Specialty Metals, Inc. (“Globe”), and its wholly owned North American subsidiaries, as borrowers, and Bank of Montreal (“BMO”), as lender and agent, on June 30, 2022.

Via Renewables, Inc. ("Via Renewables" or the "Company") (NASDAQ:VIA, VIASP), an independent retail energy services company, announced today the closing of a new three-year $195.0 million senior secured borrowing base credit facility (the "Senior Credit Facility") to replace its existing senior secured credit facility.

Blank Rome LLP is pleased to announce that Gregory J. Moore has joined the firm’s Commercial Litigation practice group as a partner in the Houston office. A well-known trial lawyer with a diversified practice, Greg handles commercial litigation matters that include class actions, breach of contract claims, and disputes related to economic damage, personal injury, and professional services. Prior to joining Blank Rome, Greg was a partner at Norton Rose Fulbright LLP.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending (ABL), purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Anthony Vassallo has joined Rosenthal as a Senior Business Development Officer in the firm’s New York office.

SB360 Capital Partners, LLC, one of North America’s leading asset realization and merchant banking firms, has announced leadership changes to empower its continued rapid growth and deliver strategic results for its clients. Aaron S. Miller has been named the firm’s new President, and Siegfried “Ziggy” Schaffer has been appointed Chief Operating Officer.

A UK-based trading company specializing in medical scrubs and everyday activewear has received credit facilities for USD 1.2 million from Tradewind Finance. The facility will provide the company with the ability to improve its cash flow and add to its growth plans.

Origin Bancorp, Inc. (Nasdaq: OBNK) ("Origin" or the “Company”), the holding company for Origin Bank, Choudrant, Louisiana, and BT Holdings, Inc. (“BTH”), the holding company for BTH Bank, N.A., Quitman, Texas, today announced that the previously announced merger between BTH and Origin, pursuant to the Agreement and Plan of Merger, dated as of February 23, 2022 (the “Merger Agreement”), has been approved by the shareholders of each of BTH and Origin.

Harlingen-based Texas State Bankshares, Inc. and Denton-based Access Bancorp, Inc. announced today that they have completed the merger of Access Bancorp, Inc. with Texas State Bankshares, Inc. and AccessBank Texas with Texas Regional Bank. As a result of the transaction, Texas Regional Bank will add AccessBank Texas' five (5) locations and approximately $570 million in assets within the Denton, Fort Worth, and Dallas markets to its existing network of twenty-three (23) banking centers in South Texas, the Texas Hill Country, and Houston.

Entourage Health Corp., a Canadian producer and distributor of award-winning cannabis products, is pleased to announce it has amended its existing senior secured credit facility entered into on March 29, 2019 between the Company and Bank of Montreal, and its existing second secured credit facility with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (“LPF”), entered into on September 30, 2020

First Guaranty Mortgage Corp. ("FGMC" or "the Company") today announced that the Company and affiliate Maverick II Holdings, LLC filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available restructuring options. The Company has begun notifying its regulators and other pertinent parties.

Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the successful completion of its acquisition of Prudential Bancorp, Inc. (formerly NASDAQ: PBIP) (“Prudential Bancorp”) headquartered in Philadelphia, Pennsylvania, in a transaction in which Prudential Bancorp was merged into Fulton (the “Merger”).

BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, announced that, on June 30, 2022, it entered into an amendment to its senior secured term loan with SWK Funding LLC. The amendment extends the interest-only period of the loan by two quarters to November 2023 and reduces the minimum Consolidated Unencumbered Liquid Assets from $7,500,000 to $5,500,00.