TSL Express Daily Articles & News

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.

Bausch Health Companies Inc. announced today that, in connection with its previously announced intention to separate its eye health business, its wholly owned subsidiary, Bausch + Lomb Corporation ("Bausch + Lomb"), is seeking to enter into a new credit agreement (the "Bausch + Lomb Credit Agreement"), which is expected to include a $2.5 billion term B loan facility and $500 million revolving facility.

Leading global professional services firm Alvarez & Marsal (A&M) continues its transformation offerings expansion with the addition of Barb Dawson as a Chicago-based Managing Director with A&M’s Corporate Performance Improvement (CPI) practice.

Brightwood Capital Advisors ("Brightwood"), a leading private credit and impact firm, today announced the appointment of Frederick Jelks as a Director in the firm's Risk group and Chris Halajian as a Director in the firm's Underwriting group.

Under the reorganization: Ed Schreyer has been named chief operating officer of Triumph Bancorp and its primary operating subsidiary, TBK Bank, SSB; Gail Lehmann has been named chief regulatory and governance officer of Triumph Bancorp and TBK Bank; Todd Ritterbusch has been named president of TBK Bank and Melissa Forman has been named president of TriumphPay, a division of TBK Bank.

First Business Bank announces the funding of a $4.5 million accounts receivable factoring facility by its Accounts Receivable Financing group. Our new client is a successful transportation company facing growth challenges. This facility will support the client’s continued growth.

Excelerate Energy, Inc. (NYSE: EE) ("Excelerate" or the "Company") today announced that the Company and Excelerate Energy Limited Partnership (the "Borrower") have entered into a senior secured revolving credit facility (the "Facility"). The Facility enables the Borrower to borrow up to $350 million over a three-year term which expires in April 2025.

Global law firm Ropes & Gray today announced that Daniel Forman has joined the firm’s 500-lawyer New York office as a partner in the capital markets practice. Daniel’s arrival deepens the firm’s bench of partners who advise leading corporate issuers, private equity firms and investment banks on their largest and most complex securities work.

Kalera AS (“Kalera” or the “Company”) (Euronext Growth Oslo: KAL, Bloomberg: KSLLF), one of the preeminent leafy green vertical farming companies and a leader in plant science for producing high-quality produce in controlled environments, today announced that it has secured a ten-year, $30 million Senior Secured Credit Facility with Farm Credit of Central Florida (”FCCF” or “Farm Credit”) to support capital expenditures and working capital needs of the Company across the entire United States.

Pinnacle Financial Partners is adding credit leadership in its specialty finance businesses, with the addition of senior credit officer Scott McCann. McCann will manage the underwriting and asset management functions for Pinnacle’s equipment and franchise finance lending groups.

PopReach Corporation announced that it has entered into a credit agreement for US$33 million in senior secured credit facilities with the Bank of Montreal. The Facilities, once closed, will consist of a US$8 million revolving facility, a US$25 million non-revolving term facility, and an "accordion" option for up to an additional US$15 million acquisition facility on the Term Loan subject to Lender and other typical approvals discussed below to support the Company's M&A growth strategy.

Wells Fargo & Company (NYSE: WFC) today announced that Tim O’Hara will join the Corporate & Investment Bank (CIB) on May 9, as head of Banking. In this role, Tim will lead corporate and investment banking origination and execution within CIB’s Banking Division, which is comprised of industry, regional and specialty coverage, equity and debt capital markets, mergers and acquisitions, corporate lending, portfolio management, and treasury management.

LiquidX, the global technology solutions provider and trusted strategic partner for working capital, trade finance, and insurance optimization, has named industry veteran Dominic Capolongo as its Chief Revenue Officer (CRO). In this executive role, Mr. Capolongo will lead initiatives to further scale revenue, accelerate global market adoption, and deepen customer engagement as LiquidX moves into its next phase of expansion.

InterNex Capital provided a $750 thousand line of credit to a woman-owned, animal pharmaceutical manufacturer in the Southwest US. The fast-growing company needed a solution that both fit their current needs and offered quick upsizing capacity to accommodate their growth.

A bankruptcy sale by A&G Real Estate Partners features 21 properties—19 in Maryland and one each in Delaware and Florida—formerly owned by the late Zebulon J. and Beatrice Brodie, prominent longtime residents of the Eastern Shore of Maryland.

Monroe Capital LLC has been recognized by Global M&A Network as the Small Mid-Markets Lender of the Year. Award winners were honored at the virtual Americas M&A Atlas Awards Gala held on January 29th. This award recognizes the firm’s notable value-creating transactions, track record, sector expertise, team leadership and more importantly, client service.