TSL Express Daily Articles & News

Lourenco Miranda has joined EisnerAmper as managing director of environmental, social, governance and sustainability solutions, according to the firm Tuesday. Miranda has more than 20 years of financial and private equity fund industry experience.

South Atlantic Bancshares, Inc. (the "Company")(OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), is pleased to announce Matthew H. Hobert, CPA has been hired as executive vice president, chief financial officer for the Company.

TD Bank, America’s Most Convenient Bank®, announced today that it has promoted four employees into key positions to support and grow the bank's goal of strengthening its position as an industry leader in supporting diverse communities and businesses of all sizes in the Delaware Valley.

The Company has also secured $2.5 million in debtor-in-possession financing that, along with normal operating cash flows, should support operations during the process. Therefore, ION expects to continue delivering excellent service quality with little to no expected disruption to clients.

Fifth Third Bancorp said President Tim Spence will become chief executive officer on July 5, when Greg Carmichael steps down to become executive chairman. Spence, 43, joined Fifth Third in 2015 as chief strategy officer, the Cincinnati-based company said in a statement Tuesday. Before becoming president in 2020, he was head of the consumer bank, payments and strategy. In that role, he was responsible for retail banking, mortgage, auto and specialty lending, as well as digital, marketing and fintech partnerships.

BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $8.7 million in financing for 55th Crossing, a 300+ acre residential real estate development located in Minot, North Dakota. The 55th Crossing development will provide a variety of housing types, including affordable options for first-time buyers and low- to moderate-income families. The funding will be used to refinance existing debt on the development.

- Bridgelink Power, a leading developer, constructor, and operator of utility-scale solar and energy storage projects, today announced that it has closed a senior secured revolving credit facility (the "Facility") for up to $200 million with Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments and with deep expertise in the renewable energy sector.

PlainsCapital Bank recently announced that Samuel Hendricks has joined its Houston lending group as senior vice president, senior commercial loan officer at the Bank’s 5 Riverway location.

BH Properties, a Los Angeles based real estate investment company, has acquired out of foreclosure Plaza Centro I, a 283,454-square-foot strip shopping center in Caguas, Puerto Rico. The strip center was built in 1987 as the first phase of the nearly one million-square-foot Plaza Centro Mall at 200 Avenue Rafael Cordero fronting State Road P.R 30. Renovated in 2017, it is currently 50 percent occupied by 29 tenants.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced an investment in Vertical Supply Group (“VSG” or the “Company”), a trusted supplier of high-cost of failure, fall protection equipment and arborist tools serving the tree care industry and other work-at-height professionals.

The right real estate moves can drive higher value for buyers, sellers and operators of multi-unit restaurant companies, said participants in a March 31 Restaurant Finance Monitor webinar sponsored by A&G Real Estate Partners. During the hourlong panel (“Creating Enterprise Value Through Real Estate”), three experts in restaurant portfolio optimization, investment banking/M&A and real estate law offered tips on doing a deep dive into leased and owned properties amid the “new normal” of today’s restaurant industry.

Dechert LLP is pleased to announce that William C. Robertson has joined the global finance team as a partner based in New York. Mr. Robertson's arrival continues Dechert's major U.S. private equity and private credit expansion, which includes the growth of the firm's capabilities in California with the recent hire of Nicole Macarchuk.

TCG BDC, Inc. (“TCG BDC”) today announced that it will change its name to Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”, or the “Company”), effective April 11th, 2022.

The Ensign Group, Inc. announced today that Ensign and its subsidiaries increased their credit facility by $250 million to an aggregate of $600 million. The borrowings are supported by a lending consortium arranged by Truist Securities.

In new league tables by Refinitiv and Bloomberg, the firm has been recognized as Canada's premier legal advisor across multiple categories. Notably, Fasken now ranks #1 on completed M&A deals with any Canadian involvement as measured by both deal value and deal count, according to Refinitiv. The firm jumped from #11 a year ago to #1 in Q1 2022 for deals by value, and rose from #2 to #1 for deals by volume

KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance. KKR’s investment will position Shriram General Insurance for continued growth in India’s fast-growing general insurance industry.

Carebook Technologies Inc., a leading Canadian provider of innovative digital health solutions, is pleased to announce an amendment to its senior credit facilities with a leading Canadian Schedule I bank and one of its affiliates. Under the amendment, the Lenders have agreed to provide the Company with (i) a C$3 million demand revolving facility and (ii) a C$4 million non-revolving term loan facility, subject to mandatory repayment as described below.

On April 8, 2022, Edison International entered into a Term Loan Credit Agreement with the lenders named therein and Wells Fargo Bank, National Association, as Administrative Agent. The Term Loan Agreement provides for a $600 million term loan that matures on April 7, 2023.

MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical, MidCap Equipment Finance, which will focus on providing equipment leases and loans between $2 million and $20 million to middle-market customers in the United States and Canada.

Latham & Watkins LLP advised the syndicate of 28 banks on a €2 billion syndicated revolving credit facility for Deutsche Lufthansa AG. The new credit line has a term of three years plus two one-year extension options ("3+1+1" years).