TSL Express Daily Articles & News

BHI, a full-service commercial bank, announced that it has appointed Noam Katz as Head of High-Tech, First Vice President. With a banking career that spans 15 years, Katz will oversee a team of relationship managers, as well as develop and manage BHI’s customer portfolio in the technology industry.

SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the specialty materials, specialty chemicals and pharmaceuticals sectors, today announced the hiring of Richard Jackson as Managing Director, Head of Capital Markets.

Allspring Global Investments (Allspring), a leading independent asset manager with more than $541 billion in assets under management,* today announced a new senior hire on its corporate communications team.

Michael Seaver has been named Vermont Regional President and Head of Commercial Banking across the state for M&T Bank, a role he has held with People's United Bank since 2009. Seaver will ensure collaboration across all lines of business and community banking activities, providing value for customers, businesses and communities across the region.

Frank Micalizzi has been named M&T Bank Bridgeport Regional President and Head of Commercial Banking for Connecticut. In his new role, Micalizzi will ensure collaboration across all lines of business and direct community banking activities that advance the bank's localized focus to provide more value for customers, businesses and communities throughout the region.

AMETEK, Inc. (NYSE: AME) announced that it has completed an amended and restated Revolving Credit Facility increasing the size from $1.5 billion to $2.3 billion. The facility, previously due to expire in October 2023, now has a maturity date of May 2027. In conjunction with this expanded Revolving Credit Facility, AMETEK has terminated the $800 million delayed draw, bank term loan.

An entire plant full of machinery and equipment featuring injection molding and chrome plating machinery is being auctioned via webcast on June 2, 2022 in Colon, Queretaro, Mexico. Most of the equipment is new as of 2017, 2018 and 2019. The auction was originally scheduled for May 12 but has been moved to the new date.

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, secured and began deploying $300m in debt financing from global financial services leader J.P. Morgan, with Neuberger Bermann acting as a mezzanine provider.

Huntington National Bank, a subsidiary of Huntington Bancshares, Incorporated (Nasdaq: HBAN) announced today it has acquired Digital Payments Torana, Inc. (Torana), a business-to-consumer payments fintech based in San Francisco. Torana's digital payments solution, which will launch as Huntington ChoicePay, will further enhance Huntington's digital capabilities and advance Huntington's enterprise payments strategy.

Hilco Global is pleased to announce that Robert (Bob) Grosskopf, former Co-President of Gordon Brothers Retail Partners, has joined Hilco Merchant Resources (HMR) as an Executive Vice President. Mr. Grosskopf is a savvy veteran of the inventory disposition industry and will focus on executing transactions in connection with Retail Mergers & Acquisitions, Restructuring and other strategic initiatives at Hilco Merchant Resources.

Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for a Texas based design, engineering, and manufacturing firm. The proceeds were used to provide working capital for the company’s expected growth.

LSQ, a leading provider of working capital finance and payments solutions, recently created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company. The company will use the additional capital to support growth and new customer acquisition.

Amerisource Business Capital announced the closing and funding of a $1,500,000 credit facility for a New York based cookie and dessert production firm. The proceeds were used to provide working capital for the company’s expected growth.

Winston & Strawn represented KeyBank N.A. in connection with a Seventh Amendment of an ABL Receivables Credit Facility with Great Rock Capital Partners Management, LLC.

Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an amendment to its senior secured credit facility (the “Credit Facility”).

Specifically, on May 10, 2022, the Company amended its existing Senior Secured Revolving Credit Facility agreement with KeyBank (“KeyBank Credit Facility”), by increasing the initial commitment from $25.0 million to $75.0 million, with an uncommitted accordion feature that allows the Company to borrow up to an additional $125.0 million.

CleanCapital announced today that it has closed on a credit facility of up to $200 million to support its pipeline of distributed solar and energy storage projects. Rabobank will act as mandated lead arranger, administrative agent, and collateral agent.

Provident Bank, a leading New Jersey-based financial institution, announced today that Tara Brady has joined the Bank as First Vice President, Customer Experience Director. The newly created position underscores the Bank’s commitment to elevate the customer experience.

Global law firm Greenberg Traurig, LLP continues the strategic expansion of its Private Funds Group with the addition of Curtis Stefanak, an experienced fund formation and investment management attorney, as client demand for private investment funds remains strong.

Dwight Capital closed over $227.2MM in real estate financings during April. Featured among Dwight’s transactions are HUD loans for Highland Ridge Apartments and Harbor Heights Apartments, and a bridge loan for 235 Valencia Street.