TSL Express Daily Articles & News

Anthony C. Cianciotti, an experienced commercial finance and transactional attorney, has joined Baker Donelson as a member of the Firm's Financial Services Transactions Group.

Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $30 million asset-based credit facility for CST Industries, Inc. (“CST” or the “Company”).

Blue Ridge Bank, N.A. (the "Bank"), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), today announced the establishment of its middle market banking division.

Citizens is leading a new senior secured credit facility for Nashua, N.H.-based 1A Auto, Inc., a leading specialty e-tailer of automotive products. Citizens is Lead Left Arranger and Administrative Agent.

Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced today it has provided a senior secured credit facility to MARIA TASH, a fine jewelry and luxury piercing brand founded by designer Maria Tashjian.

Greystone, a leading national commercial real estate finance company, announced that Catalina Consuegra has joined the firm as a Vice President of Diversity, Equity & Inclusion, reporting to Pranika Sinha, Managing Director and head of the firm’s DEI strategy and efforts.

WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announces the launch of WEX Capital.

BHI, a full-service commercial bank, announced that its Commercial Real Estate Group is continuing to expand its team and breadth of products.

Huntington Business Credit acting as Administrative Agent, Joint Bookrunner and Joint Lead Arranger announced it closed a new $550,000,000 credit facility with Designer Brands Inc. on March 30, 2022.

The large investment bank announced the opening of its first-ever loan facility backed by Bitcoin. This comes a few months after their $100k price forecast for the popular cryptocurrency.

AFC Gamma, Inc. today announced that it has entered into a senior secured revolving credit facility with $60 million of current commitments from two FDIC-insured banks and the ability to increase the facility to $100 million.

Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) reached 59.5 for the first quarter of 2022, up markedly from 54.4 at the end of 2021 and reaching its highest level since Citizens began tracking the data in 2014, suggesting that lessons learned by businesses during the pandemic coupled with strong consumer demand were a potent combination.

Global merger and acquisition (M&A) activity has clearly weakened in the first quarter of 2022, according to GlobalData, with total transaction value dropping to $725 billion—almost 23% lower than Q4 2021. The leading data and analytics company notes that this is a sign that activity is going back to ‘normal’, after the staggering growth seen in 2021.

Celtic Capital Corporation today announced its most recent new client relationship – two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. These Companies were referred to Celtic Capital by their Chairman who knew of Celtic Capital from a former position he held with a turnaround and restructuring firm.

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced that the firm has amended its current Credit Agreement to increase the revolving commitments from $1.0 billion to $1.1 billion and has also extended the maturity date for the revolving credit facility from August 21, 2023 to April 28, 2027. All other terms are substantially similar to the existing credit facility.

Pluribus Technologies Corp. (TSXV: PLRB) (the "Company") today announced that it has entered into an agreement for a new three-year, $42.0 million credit facility (the "New Facility") with National Bank of Canada. The New Facility replaces Pluribus' existing facilities that were set to mature at various intervals between 2022 to 2024.

GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today provided an update on several strategic initiatives.

SouthState Bank has hired nine bankers to continue to expand its Commercial, Business and Private Banking teams across Florida, Alabama, Georgia and South Carolina.

StoneX Group Inc. (Nasdaq:SNEX) today announced that it has agreed to amend its existing $401 million senior secured credit facility, to extend the maturity through April 2025 and to increase the size of the facility to $475 million. The existing facility, comprised of a $236 million revolving credit facility and a $165 million Term Loan A facility, is being amended to a $475 million revolving credit facility.

Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility (the “Financing”) to Saatva (or the “Company”), a leading direct-to-consumer (DTC) online retailer of luxury mattresses and sleep products. The Financing was used to support a dividend recapitalization of the Company by Saatva management and TZP Group, a private equity firm.