TSL Express Daily Articles & News

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, continues to grow its municipal and specialty finance/high-yield practice with the hiring of Andrew Deming as a managing director in the Minneapolis office. Deming joins the team with nearly 20 years of public finance, financial structuring and real estate experience.

J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in Ontario; $120,000 to a transportation company in Illinois; $750,000 to a transportation company in Texas; $250,000 to a transportation company in New York...

QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager.

CIBC Innovation Banking is pleased to announce today that it is opening a new office in Seattle, Washington to help support the growth ambitions of the hundreds of existing and emerging start ups in the area.

West Town Bank & Trust, a bank with a mission to make financial services more accessible to emerging and underserved industries, announces the launch of its dedicated cannabis banking program. The program provides the cannabis industry with secure, convenient, and modern financial tools, enabling businesses to operate more efficiently and reduce the risks associated with operating a cash-intensive business.

Portage Point Partners, LLC (Portage Point), a business advisory, interim management and financial services firm that partners with companies and their stakeholders during periods of complexity, transition and underperformance, announced today that Jason Cohen has joined the firm as Managing Director & Head of Investment Banking.

Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, today announced the hiring of Donald Greenleaf as Vice President, Commercial Lending for Bucks County. In his role, Greenleaf will be responsible for growing the bank’s commercial loan portfolio as it continues to expand its presence in this key market.

The Company also announced that it has secured debtor-in-possession financing (the “DIP Credit Agreement”) to facilitate the restructuring, subject to Court approval, and that it has filed a motion with the Court for approval of this financing. The DIP Credit Agreement is structured as a multiple draw term loan facility in an aggregate principal amount of approximately $65 million and will be provided by National Founders LP.

Surge Energy US Holdings Company ("Surge Energy" or the "Company") announces an increased borrowing base from $1.2 billion to $1.5 billion and elected commitments from $860 million to $935 million on the Company's revolving credit facility ("Credit Facility"). The increases are in connection with the Credit Facility's regularly scheduled semi-annual redetermination that recently closed.

CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems Inc.

Finitive, the leading data-driven private credit marketplace connecting borrowers with institutional investors, today announced that it has named Joshua Meltzer as Managing Director and head of the firm's newly formed Intellectual Property (IP) Finance Group.

Siena Lending Group LLC ("Siena"), through its newly formed subsidiary, Siena Lending Group Canada, LLC, is pleased to announce the addition of Duane Morrison, who will be responsible for leading the company’s expansion into Canada. Based in Toronto, Morrison will maintain Siena’s core business of providing creative asset-based lending (ABL) solutions from CAD 7.5 million to CAD 50 million that will deliver maximum flexibility and liquidity for middle-market companies.

Clarus Corporation announced that it has amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank, N.A. and Bank of America, N.A. with U.S. Bank National Association, Regions Bank, Wells Fargo Bank National Association, Texas Capital Bank National Association and Zions Bank participating in the lender group.

The lending syndicate is comprised of Canadian Imperial Bank of Commerce and HSBC Bank Canada as Co-Lead Arrangers, and includes Royal Bank of Canada; The Bank of Nova Scotia; Bank of America, N.A.; National Bank of Canada; and JP Morgan Chase Bank, N.A.

Jennifer Kempton has accepted the role as managing director and business development officer covering Illinois, Indiana, and the Upper Midwest. With over 16 years of industry experience, she will focus on originating new asset-based lending customers in the Midwest and will continue to serve as a strategic underwriter for the asset-based lending team.

LSQ, a leading provider of working capital finance and payments solutions, announces the launch of payments management as part of its LSQ FastTrack® platform for corporate buyers. With these new FastTrack payment features, businesses on the platform can fully automate their payments processes across all payment methods while giving suppliers payment certainty whether they are paid early or at terms.

Cohn & Dussi, a full-service business law firm with its principal office in Boston, announced today that it has opened an office in Providence, Rhode Island. For more than 25 years, Cohn & Dussi has built a reputation for excellence in practice areas that include collection on breaches of equipment lease, finance and rental agreements, workouts, litigation, bankruptcy replevins, real estate, documentation, and other matters.

Comfort Research is a manufacturer of affordable furniture, pool products, and outdoor furniture with its primary line of products being the Big Joe™ brand of bean bag chairs. The Company has three manufacturing and distribution facilities, located in Grand Rapids, MI, Lewisburg, TN, and Tremonton, UT. Major customers include Walmart/Sam's Club, Costco, and Amazon.

Red White & Bloom Brands Inc. (CSE: RWB and OTC:RWBYF) (“RWB” or the “Company”) a multi-state cannabis operator and house of premium brands, announces a series of transaction and operational decisions to strengthen the balance sheet and provide significant operation cost reductions in 2022, including closing the sale of its Granville, Illinois property to New Branches, LLC, and repayment of $51.7 million of secured debt.

Nogin, Inc.(“Nogin” or the “Company”), a leading provider of Commerce-as-a-Service technology, and Software Acquisition Group Inc. III (Nasdaq: SWAG) (“SWAG III”), a special purpose acquisition company, announced today that the Company has obtained commitments for $60 million in convertible note financing (the “PIPE Financing”) for the public company led by funds managed by UBS Asset Management’s Hedge Fund Solutions business (“UBS”) and also including commitments from Tenor Capital Management and Jonathan Huberman, Chief Executive Officer of SWAG III.