TSL Express Daily Articles & News

Bank of America, N.A. is the Administrative Agent and Bank of America, N.A., MUFG Bank Ltd., PNC Bank, N.A., TD Bank, N.A. and Wells Fargo Bank, N.A. served as joint lead arrangers and co-syndication agents in connection with the transaction. Bank of Montreal, Capital One, N.A., Fifth Third Bank, N.A., Mizuho Bank, Ltd, Regions Bank, The Bank of Nova Scotia and Citizens Bank, N.A served as co-documentation agents. Barclay’s Bank, PLC and Royal Bank of Canada served as co-managing agents.

Blank Rome associate Mallory M. Briggs was named a 40 Under 40 2022 award recipient by the Secured Finance Network ("SFNet"). Established in 2016, the SFNet's 40 Under 40 is an annual recognition that celebrates the "achievements of young professionals in the secured finance industry — movers and shakers who exemplify true excellence in their careers and who also contribute to their communities and the industry as a whole."

Producers Midstream II, LLC ("Producers Midstream" or the "Company"), a Dallas-based portfolio company of Tailwater Capital focused on providing a full suite of turnkey midstream solutions to producers across the U.S., today announced that it has secured a new syndicated credit facility led by Texas Capital Bancshares, Inc., Bank of Oklahoma and Cadence Bank. The credit facility will allow the Company to borrow up to an additional $200 million assuming certain conditions are met.

Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced the closing of a $25 million senior secured revolving credit facility. The funds are expected to be used for future portfolio investments. This new senior secured credit facility was provided by M&T Bank.

Deerpath Capital Management, LP, the $4.5 billion private credit manager and one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America, today announced the launch of its newest international office in London, England.

Bank of China Limited, London Branch, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Credit Suisse (Switzerland) Ltd., Emirates NBD Bank (P.J.S.C.), London Branch, Industrial Commercial Bank of China Limited, London Branch, ING Bank N.V., Mizuho Bank, Ltd., Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, UBS Switzerland AG and UniCredit Bank AG acted as Bookrunning Mandated Lead Arrangers. D.Z.

Iron Horse Credit (IHC), a leading stand-alone inventory lender, is proud to announce the addition of Kalli Perez to its team as portfolio manager. Kalli brings over 14 years of both account management and underwriting experience. In her role, Kalli will continue to service IHC’s new and long-lasting clients.

PlainsCapital Bank recently welcomed Philip Ugalde, Jasmine Sadeghpour, and Daniel Wheeler as senior vice presidents and senior commercial loan officers in its Houston market. Ugalde and Sadeghpour will serve clients from PlainsCapital’s office at 2925 Richmond Avenue, while Wheeler will be in The Woodlands office at 1699 Research Forest Drive.

Mazars is pleased to announce the release of the FY2021 edition of the Mazars in the US Quality Intelligence Report. The report offers industry-leading transparency for Mazars’ clients and other stakeholders into how it conducts business and the ways the company promotes and monitors quality across the firm.

J D Factors announces it has provided the following factoring facilities: $350,000 to a restoration company in British Columbia; $150,000 to a transportation company in California; $200,000 to a transportation company in Ohio; $200,000 to a transportation company in Alberta.

B. Riley Advisory Services has earned recognition as a top provider for litigation valuation and forensic accounting in the "Best Of 2022" survey conducted by the Daily Report (Law.com). B. Riley Advisory Services was voted first-place as the #1 "Top Litigation Valuation Firm" for 2022, and ranked #2 in multiple categories including "Forensic Accounting Firm" and "Overall Expert Witness Services." B. Riley's J. Michael Issa was also named #2 in the "Individual Expert Witness (Economic)" category.

As the U.S. economy faces decades-high inflation, soaring interest rates and continued supply chain and labor shortages, midsize business leaders across the country are increasingly cautious in their economic outlooks, according to JPMorgan Chase’s 2022 Business Leaders Outlook Pulse survey released today. More than 1,500 midsize business leaders participated in the survey fielded between May 25 and June 10, 2022.

Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks. JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers.

Mitsubishi UFJ Financial Group (MUFG) announced today the hiring of two Directors for its leveraged finance platform: Garret Rowan will join as Head of the Leveraged Loan Trading group, and Mike Macchia will join as a salesperson in Leveraged Finance Sales.

Eclipse Business Capital, LLC (“EBC”) is pleased to announce that Adrian Watson has joined the organization as a Managing Director. Mr. Watson joins EBC from JP Morgan where he was a Sr. Underwriter in ABL. At Eclipse, Mr. Watson steps into the role of Business Development Officer and will be responsible for covering the Southwest region.

The Schulte team advising JANA Partners was led by partner Ele Klein, chair of the firm’s M&A and Securities Group and co-chair of its global Shareholder Activism Group and included associates Sean Brownridge, Danny Goldstein and Abraham Schwartz.

Waldencast Acquisition Corp. , a special purpose acquisition company, announced that, on June 24, 2022, its wholly-owned subsidiary Waldencast Finco Limited (“Waldencast Finco”) entered into a Credit Agreement (the “Waldencast Credit Agreement”), by and among Waldencast Finco, as the borrower (the “Borrower”), Waldencast Partners LP, as the parent guarantor, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. Credit Suisse AG, New York Branch acted as documentation agent and JPMorgan Chase Bank, N.A., Banco Santander, S.A. and Wells Fargo Securities, LLC acted as joint bookrunners and joint lead arrangers under the Waldencast Credit Agreement.

1st Capital Bancorp (the “Company”), (OTCQX: FISB), the $1.01 billion asset bank holding company and parent company of 1st Capital Bank (the “Bank”), today announced the appointment of Jeff Mercer to chief credit officer, effective July 1, 2022.

BankFirst Capital Corporation (OTCQX:BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the signing of a definitive merger agreement with Tate Financial Corporation ("Tate"), the parent company of Sycamore Bank, Senatobia, Mississippi ("Sycamore Bank"), under which BankFirst will acquire Tate and Sycamore Bank.

Leading supply chain finance and technology provider, Octet has been named the 2022 Excellence in Business Lending winner at this year’s Fintech Australia “Finnies”. The Seventh Annual Edition of the prestigious awards celebrates the success of dynamic players in the Australian fintech industry. The Excellence in Business Lending award acknowledges that Octet has demonstrated strong financial performance and outstanding B2B lending results through its innovative finance solutions.