TSL Express Daily Articles & News

SQI Diagnostics Inc. ("SQI" or the "Company") (TSXV: SQD) (OTCQB: SQIDF), a leader in the science of lung health that develops and manufactures respiratory health and precision medicine tests, announces the extension of the maturity date of its credit agreement (the "Credit Agreement") with Pivot Financial ("Pivot") dated February 8, 2022 to October 11, 2022. All of the other terms of the Credit Agreement remain unchanged.

Oxford Bank Corporation ("Oxford" or "the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), announced today that Senior Vice President & Chief Financial Officer, Richard K. Miller, will be retiring in 2023.

OppFi Inc. (NYSE: OPFI) ("OppFi” or the “Company”), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced the Company has more than doubled one of its existing credit facilities with affiliates of Atalaya Capital Management LP (“Atalaya”) to $200 million.

Lookout, Inc., a leader in endpoint and cloud security solutions, today announced strong momentum after growing enterprise annual recurring revenue (ARR) by 56% year-over-year for FY 2022 ending January 31, 2022, while substantially increasing its customer count. The Company also secured debt financing for up to $150 million from funds and/or accounts managed by BlackRock to support its continued growth.

-KKR, a leading global investment firm, announced today that it is partnering with Andrew K. “Andy” Silvernail, the former Chairman and CEO of Madison Industries and IDEX Corporation, to pursue new acquisition opportunities. Mr. Silvernail will work alongside KKR as an Executive Advisor to evaluate Americas investment opportunities across multiple sectors, including industrials, health care, and consumer products.

U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced the closing of a $325 million, five-year credit facility that includes a $150 million term loan and a $175 million revolver.

REV Capital, the leading provider of factoring and cashflow financing in Canada and the United States announces the launch of REV Tech. This new subsidiary demonstrates REV Capital’s commitment to investing in technology as part of its mission to reinvent factoring. Appointed as Chief Operating Officer of REV Tech is Bheesham Singh, an industry veteran who has spent the past 20 years driving profitability for his clients.

When a Texas-based manufacturing company needed a working capital facility to meet increased demand in the energy sector, they sought a trusted and reliable partner to fuel their growth plans. Republic Business Credit collaborated with private equity sponsors to structure a factoring facility that doubled their availability while maintaining the treasury management services as the incumbent bank.

FireAngel Safety Technology Group PLC - Coventry-based home safety products maker - Agrees standby letter of credit facility with its bank HSBC UK Bank PLC and UK Export Finance, up to a combined sum of GBP3.5 million.

Large U.S. banks are optimistic they will receive a clean bill of health from the Federal Reserve this week, freeing them up to distribute billions of dollars in excess capital to investors. The central bank on Thursday will release the results of its annual bank "stress tests" which assess how much capital banks would need to withstand a severe economic downturn.

Manufacturers and buyers working in the aerospace, defense, oil and gas and automotive industries can acquire mills, lathes, grinders, CNC turning centers and other remaining assets from closed aerospace plant in Fairfield, N.J.; bidding begins June 22

Paul Hastings LLP, a global law firm advising leading financial institutions, asset managers and corporations, announced today that private equity and M&A specialist Tom Cartwright has joined the firm as a partner based in London. He joins from Morgan Lewis and adds firepower to the Firm's fast-growing London office, which has increased revenue by 41% over the last year on the back of strong demand in its Private Equity, Finance, Structured Credit and Securities & Capital Markets practices.

Hilco Streambank is seeking offers to acquire approximately 2,500 antique and replica period picture frames (the “Property”) from the collection of leading frame restorer Eli Wilner.

The partners and staff of New York City-based accounting and advisory firm Raich Ende Malter (REM) will be joining EisnerAmper in a transaction anticipated to close in the summer of 2022. Founded in 1972, REM has 200 professionals and 45 partners/principals serving clients from offices in New York City, Long Island, New Jersey, Florida and the Cayman Islands. The firm has been ranked by leading accounting and business media as a top 25 accounting firm in New York; top 20 accounting firm in the mid-Atlantic region; and a top 100 accounting firm in the country.

The NFIB Optimism Index fell 0.1 points in May to 93.1, marking the fifth consecutive month below the 48-year average of 98. Owners expecting better business conditions over the next six months decreased four points to a net negative 54%, the lowest level recorded in the 48-year-old survey. Expectations for better business conditions have deteriorated every month since January.

Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) and Prudential Bancorp, Inc. (NASDAQ: PBIP) (“Prudential Bancorp”) today announced that Prudential Bancorp shareholders have voted to approve Fulton’s acquisition of Prudential Bancorp and its subsidiary, Prudential Bank, located in Philadelphia, with more than 98% of the votes cast being voted in favor of approving the Agreement and Plan of Merger (the “Merger Agreement”) that was previously announced on March 2, 2022.

5N Plus Inc. (TSX: VNP) ("5N Plus" or the "Company"), a leading global producer of specialty semiconductors and performance materials, today announced the renewal of its US$124 million senior secured multi-currency revolving syndicated credit facility. Subject to lenders' approval, 5N Plus can opt to increase its credit facility to $154 million through a $30 million accordion feature.

BankProv (NASDAQ: PVBC), a future-ready commercial bank offering adaptive and technology-first banking solutions and market-leading loan structures, is expanding their Sponsor Finance team, by hiring Jean Kim as Senior Vice President. She will lead business development efforts in the New York market with existing and new partner relationships.

The U.S. bankruptcy court for the southern district of New York approved the plan for a restructuring under Chapter 11 of the U.S. bankruptcy code, the airline said, adding it hoped to emerge from bankruptcy protection in the year's second half. Its plan will inject about $8 billion through a combination of capital increase, issue of convertible bonds, and the new debt.

Percent, the platform powering the future of private markets, and Anzen, the first ever protocol for private credit protection, announced the launch of a new risk mitigation tool that offers accredited investors on Percent's platform seamless access to credit default swaps (CDS). This revolutionary new product provides a first-of-its-kind added level of protection in the case of a default or related event, potentially safeguarding investors from losses.