TSL Express Daily Articles & News

Next In Natural, a Brooklyn, NY-based boutique strategic business development & marketing organization specializing in natural and organic consumer packaged foods, has completed a $2,000,000 factoring facility with Marco. The funding will be for its sister company, a Midwest-based consumer products company established in producing, distributing, and marketing frozen meal-kits

Celtic Capital Corporation announced its most recent new client relationship – a North Carolina-based distributor of furniture and fixtures for the commercial building space. This business, which has seen considerable growth over the past year and a half, was seeking growth capital.

LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1 million credit facility and accounts receivable management program for an international manufacturer and distributor of private label bath, body and home fragrance products.

B. Riley Financial (NASDAQ: RILY) (“B. Riley”) today announced that Timothy J. Shilling has joined as Executive Vice President of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.

Craig Wanichek, CEO & President, announced today the promotion of Matt Dynice to Senior Vice President, Credit Administrator at Summit Bank. He has over 20 years of commercial banking experience. He is highly skilled in Commercial and Industrial banking.

Gordon Brothers, the global advisory, restructuring and investment firm, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million.

Riveron, a national business advisory firm, announced today its acquisition of Clermont Partners (Clermont), a women-owned consultancy specializing in environmental, social, and governance (ESG) communications and strategy, investor relations, and transaction communications.

Winston & Strawn LLP announced the addition of two partners to the firm’s rapidly growing Miami office: Carl A. Fornaris, who joins the Transactions Department, and Jared R. Kessler, who joins the firm’s Litigation Department. Carl comes from the Miami office of Greenberg Traurig, LLP, where he was co-chair of both the Financial Regulatory and Compliance Practice and the Blockchain and Digital Assets Group. Jared also comes from Greenberg’s Miami office.

TAB Bank is pleased to announce the funding of $15 million asset-based line of credit for a new client that manufacturers and distributes consumer-packaged goods throughout North America and beginning to expand internationally.

Alcoa Corporation (NYSE: AA) today announced it has amended and restated its existing Revolving Credit Facility into a $1.25 billion revolving credit facility (the “Facility”) with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent, Citibank N.A. as the syndication agent, and ING Capital LLC as the sustainability structuring agent.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Roger Grossman as Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank. Roger is responsible for growing a portfolio of commercial clients and servicing businesses in the Tri-State area.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $50 million to Interactions. The capital will be used to refinance existing debt and provide growth and working capital.

Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a limited recourse acquisition facility for SKY Leasing (SKY), where the bank acted as Co-Structuring Agent and Joint Lead Arranger. The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.

Tenet today unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that rejects standard car depreciation models and values EVs as clean collateral, Tenet also plans to expand into zero-emission home upgrades to help consumers better achieve their financial and sustainability goals.

Marathon Capital, LLC ("Marathon Capital"), a leading independent investment banking firm, has entered into a strategic collaboration agreement ("SCA") with Sumitomo Mitsui Banking Corporation ("SMBC"), one of the largest industrial, energy and infrastructure lenders in the world. RIMON PC and Neal, Gerber & Eisenberg LLP provided legal advice to Marathon Capital. Sheumack & Co. GMA, LLC. (SHEUMACK GMA) served as exclusive strategic and financial advisor to Marathon Capital. SMBC was advised by Shearman & Sterling LLP and Skadden, Arps, Slate, Meagher & Flom LLP.

MUFG, one of the world’s leading financial groups, today announced that Masatoshi (Masa) Komoriya has been appointed Executive Chairman of the board of directors for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective June 30, 2022. A member of the board of directors since April 2022, he will continue to be based in New York.

Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that it has entered into a new five-year debt facility for $35 million. The debt is provided by PNC Bank, National Association (an affiliate of PNC Financial Services Group, Inc.) (NYSE: PNC)), one of the leading credit providers to middle market companies across the country.

Evolent Health, Inc. ("Evolent" or "the Company") (NYSE: EVH) today announced that it has entered into a definitive agreement to acquire IPG, a leading technology and services company providing surgical management solutions for musculoskeletal conditions, from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, for $375 million plus additional contingent consideration of up to $87 million.

SLR Healthcare ABL announced it has provided a $6 million asset-based revolving line of credit to a skilled nursing operator.

B&G Foods, Inc. (NYSE: BGS) announced today that it has completed an amendment to its senior secured credit facility to temporarily increase the maximum consolidated leverage ratio permitted under its revolving credit facility.