TSL Express Daily Articles & News

CIBC Innovation Banking is pleased to announce new debt financing for Chicago-based NowSecure, a mobile application security and privacy software company. NowSecure plans to use the capital to further invest in its advanced application security testing solutions and go-to-market strategy.

BNP Paribas Securities Corp ("BNP Paribas"), MUFG Bank, Ltd. and Natixis, New York Branch are Joint Lead Arrangers and Bookrunners for the Facility. Coöperatieve Rabobank U.A., New York Branch, Société Générale and Wells Fargo Bank, N.A., are Joint Lead Arrangers. BNP Paribas remains as the Administrative Agent.

The M&A Advisor has selected Stretto, a market-leading technology and bankruptcy-services firm, as a winner in its 16th Annual Turnaround Awards, naming Stretto Corporate Restructuring Services as the Turnaround Product/Service of the Year. This recognition marks the third consecutive year that Stretto has received this award. Stretto also was honored in the Chapter 11 Reorganization of the Year category for its role in the crypto company Cred, Inc. case

Antares today announced the launch of REACH, a program designed to help level the playing field for entrepreneurs who are members of diverse and historically underrepresented groups including women, people of color, military-affiliated, persons with disabilities, or LGBTQ+. The initiative will allocate $1M of Antares’ own capital to a grant program in partnership with Hello Alice, a multichannel platform that helps businesses launch and grow.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the promotion of Lisa Ciampi, CPA to Senior Vice President, Managing Principal, Head of Operations at Peapack-Gladstone Bank.

Ivy Asset Group, LLC announced the final close of its 2022 Ivy Credit Opportunity Fund ("Fund") with $115 million of capital raised, including targeted fund leverage and separately managed accounts investing alongside the Fund. The Fund primarily targets direct lending to lower middle-market U.S. companies with less than $35 million in EBITDA.

Comvest acted as Administrative Agent and Sole Lender in providing SMART a $68 million senior secured credit facility, which the Company will use to refinance existing debt and fund further growth of the business. SMART has been a company in Comvest’s direct lending portfolio since 2016.

Westlake Capital Finance (WCF), the commercial lending entity & subsidiary of Westlake Technology Holdings, funded a $40 Million revolving credit facility with one of country’s top solar companies, highlighting WCF’s expansion into the solar loan asset class.

SLR Healthcare ABL is pleased to announce that Niko Tsitsos is joining the team as a director. Tsitsos brings more than ten years’ experience in asset-based lending. In his most recent role, he served as business development officer at a non-bank healthcare lender.

KLA Corporation (NASDAQ: KLAC) today announced the successful closing of an inaugural $1.5 billion sustainability-linked revolving credit facility. The new five-year facility reinforces the company's commitment to its environmental, social, and governance (ESG) programs and goals. JPMorgan Chase is administrative agent and lead arranger on the transaction, and other joint bookrunners include Bank of America Securities, Inc., Citibank, N.A. and Wells Fargo Securities, LLC.

MidCap Business Credit LLC., announced today that it has completed a $5 million asset-based credit facility to Crozier Welding LLC. Founded in 1980 and headquartered in Coshocton, OH, the company specializes in the design and manufacturing of oil and gas production equipment.

Greystone, a leading national commercial real estate finance company, announced Rich Martinez will join the firm as an Executive Managing Director, Multifamily Sales & Production in mid-June. In this newly created role, he will focus on new business growth for Greystone’s expanding multifamily platform as well as enhancing and optimizing the firm’s joint venture relationship with Cushman & Wakefield

Vistage Worldwide, Inc. (“Vistage” or “the Company”), the world’s largest CEO coaching and peer advisory organization for small and midsize businesses (SMB), today announced that its management team has partnered with Gridiron Capital (“Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, to acquire the Company from Providence Equity Partners (“Providence”).

Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the hiring of Debbie Thomas as Vice President, Credit, managing the credit functions of the U.S. Equipment Finance team. Her responsibilities include proposing optimal financing solutions for Accord clients, with a focus on balancing risk appetite with new originations.

Winston & Strawn advised Acon Investments in the sale of the majority of its stake in Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, to a consortium led by The Chernin Group ("TCG") for $263 million in an all secondary transaction. ACON Investments has been an investor in Funko since acquiring Funko, LLC in 2015.

TAB Bank, a technology-driven, online bank serving small to medium size businesses and consumers, announced today that its Board of Directors named Rick Bozzelli as President, Chief Executive Officer and Director. Bozzelli has served as the Chairman of the Board of Directors at TAB Bank and TAB Holdings since January 2019.

The Canadian law firm Fasken further strengthened its position as a leading advisor in M&A, private equity, and capital markets deals in the first quarter of 2022. Fasken ranked #1 on completed M&A deals with any Canadian involvement as measured by both deal value and deal count, according to Refinitiv: #1 Any Canadian Involvement Completed - by Deal Value (up from #11 in Q1 2021) #1 Any Canadian Involvement Completed - by Deal Count (up from #2 in Q1 2021)

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced that it has completed its previously announced acquisition of DH Capital LLC, a private investment banking firm serving companies in the Internet infrastructure, software and next generation IT services, and communications sectors.

The law firm of Moritt Hock & Hamroff has announced that Frank A. Mazzagatti has joined the firm as a Partner in the Corporate and Healthcare Practice Groups, resident in the Garden City office.

J D Factors announced it provided the following factoring facilities: $200,000 to a transportation company in Alberta; $100,000 to a transportation company in Alberta; $150,000 to a transportation company in Texas; $200,000 to a transportation company in Virginia...