TSL Express Daily Articles & News

North Shore Bank announced today that its commercial banking team will expand with the hire of new vice president, Derek E. Wheeler, and business relationship specialist, Max Schommer. Wheeler and Schommer will manage and advise existing, new and potential business partnerships to initiate commercial business loans and banking services.

Byline Bancorp, Inc. (“Byline” or the “Company”) (NYSE: BY), the parent company of Byline Bank (“Byline Bank”), announced today that Thomas J. Bell, III, currently Senior Vice President, Treasurer, and a member of Byline’s executive leadership team, will succeed Lindsay Corby as Chief Financial Officer, effective August 15, 2022.

Strategic Value Partners, LLC and its affiliates ("SVPGlobal"), a global investment firm with over $18 billion of assets under management, today announced that it has added three senior aviation-focused professionals to its investment team to capture investment and aircraft management opportunities globally.

GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers "GoldenTree"), announced the closing of a $487 million collateralized loan obligation ("CLO") to be managed by GLM II.

Old National Bank is pleased to name Rafael A. Sanchez as EVP, Chief Impact Officer. In this critical new executive leadership position, Sanchez will develop and lead corporate initiatives and partnerships that focus on the financial advancement of underrepresented communities.

Heritage Commerce Corp (Nasdaq: HTBK), the holding company (the “Company’) for Heritage Bank of Commerce (the “Bank” or “HBC”), today announced that Walter T. Kaczmarek will be stepping down as President and Chief Executive Officer of the Company, effective September 15, 2022.

Webster Bank is pleased to announce that it is expanding its commitment to its Asset Based Lending division with the addition of Chris McKernan as Managing Director, ABL Originations. McKernan will report to David Viggiano, Sales Manager, West Region, Asset Based Lending.

Star Funding, Inc. a New York City based provider of purchase order financing and factoring, announces the completion of a $7,000,000 purchase order finance and factoring facility to support a fast-growing supplier of hearing products to Walmart.

Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF), a software-enabled IT & Cloud Solutions provider, is pleased to announce it has refinanced its existing $300 million ABL credit facility with a new five-year $500 million global revolving credit facility (the “Global Credit Facility”) led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers, with the Bank of Nova Scotia, the Toronto-Dominion Bank, and the Bank of Montreal participating in the lender group.

Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility.

Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit, equipment term loan, and real estate term loan for an infrastructure and foundation repair company seeking to refinance.

Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments across 58 transactions during the second quarter of 2022 and approximately $31.8 billion in direct lending commitments across 259 transactions in the last twelve-month period ended June 30, 2022.

F.N.B. Corporation (NYSE: FNB) announced its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C. area and plans to extend its significant commercial banking operations into Richmond with a new loan origination center.

First Internet Bank announced today the addition of Paul DePasquale to its Small Business Administration (SBA) Lending team as Vice President, Senior Business Development Officer. The move further demonstrates the Bank’s commitment to small businesses nationwide.

First Eagle Alternative Credit ("FEAC" or “the Firm”), the $21 billion credit platform of First Eagle Investments, today announced the close of its fifth direct lending fund at over $1 billion in total available capital, including leverage (the “Direct Lending Fund V”). In the past 12 months, the Firm has created over $2.2 billion in available capital to support its robust direct lending origination business through two middle market CLOs, an interval fund, and separate accounts in addition to the Direct Lending Fund V.

Citizens announced today that the national Citizens Business Conditions Index™ (CBCI) dropped to 52.9 in the second quarter of 2022, down from its eight-year peak of 59.5 at the end of the first quarter, but extending its streak to seven straight quarters above 50, indicating continued growth conditions for businesses.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Aaron Stoppelmann has been promoted to Vice President.

Global law firm White & Case LLP has advised the lenders on a senior term and revolving credit facility entered into by Ambienta SGR to finance the acquisition of Calpeda S.p.A., a global manufacturer of pumps, motors and systems for the integrated water cycle.

Elevation Oncology, Inc. (Nasdaq: ELEV), a clinical stage biopharmaceutical company focused on the development of precision oncology products for patients with genomically defined cancers, today announced that it has secured a $50 million senior secured loan facility from funds managed by K2 HealthVentures, a leading healthcare-focused investment firm. The

A&G Real Estate Partners was named “Real Estate Restructuring Firm of the Year” at Global M&A Network’s 14th Annual Turnaround Atlas Awards. The July 21 announcement marked the third consecutive year in which the Melville-based advisory firm has received the honor. A&G specializes in occupancy-cost reductions, lease optimization and real estate sales nationwide.