TSL Express Daily Articles & News

SLR Credit Solutions announces the promotions of Michael Russell, managing director; Matthew Dunn, vice president and Jimmy Andreoli, assistant vice president.

Eastern Bank is pleased to announce Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and healthcare apparel. According to Work ‘N Gear, it is the largest U.S. retailer specializing in work and healthcare apparel, with 39 retail locations throughout the Northeast and Midwest.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, announced today it led a $30 million senior secured credit facility to a private, vertically integrated, single-state cannabis operator in Florida. At closing, Chicago Atlantic funded $17.5 million of its total $22.5 million commitment.

National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced the recent renewal and upsize of a $100.0 million senior secured warehouse line of credit. The upsize includes an accordion to expand to $125.0 million, which was provided by a prominent U.S.-based commercial bank. The facility will continue to be used by the Company to fund new originations and support additional platform growth.

Anvil Channel Energy Solutions has announced the final close of a USD$51.35 million senior secured term loan facility to ROK Resources, Inc., supporting the acquisition of producing oil and gas assets, primarily in Saskatchewan and Alberta, Canada from Federated Co-operatives Limited. Total consideration paid for the acquisition was approximately CAD$72 million; Anvil’s loan facility was sized at USD-equivalent to CAD$65 million.

Bay View Funding, a subsidiary of Heritage Bank of Commerce, (“the Bank”), announces the appointment of Norman Brame as Senior Vice President, Regional Sales Manager. He will focus on originating new factoring business in Virginia, Tennessee, North and South Carolina, and surrounding Southeast markets.

Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the hiring of Michael Wun as VP, IT. In this role, he will implement leading-edge technology providing greater efficiency for both clients and employees across Accord's suite of tailored financial solutions.

Mitsubishi UFJ Financial Group (MUFG) today announced that Yezdan Badrakhan will be joining the firm as Managing Director and Head of U.S. Esoteric Asset Backed Securities (ABS). Based in New York, Mr. Badrakhan will report to Tricia Hazelwood, International Head of Securitized Products.

J D Factors announced it provided the following factoring facilities: $75,000 to a transportation company in Georgia; $300,000 to a wholesale costume jewelry company in Florida; $150,000 to a transportation company in Alberta; $200,000 to a transportation company in South Carolina...

Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it closed a $10 million venture loan facility to Aerobiotix, LLC ("Aerobiotix"), of which Horizon funded $5 million, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's adviser, funded $5 million.

Regions Bank on Tuesday announced it has hired Dave Strickert to lead Corporate Credit Products, part of Regions’ Credit Products Group within Corporate Banking. Strickert joins Regions after a 30-plus-year career at Bank of America, where he most recently served as managing director and group head of its Leveraged Finance team in the Wholesale Credit division.

Dentons has recruited Simon Prendergast as a partner in the firm’s UK Banking and Finance Division. One of the leading asset-based lending and receivables financing lawyers in the UK, ranked as a leading individual in both Legal 500 and Chambers, Simon joins the London office from Addleshaw Goddard where he has been a partner since 2013.

Aspen Group, Inc. ("AGI") (Nasdaq: ASPU), an education technology holding company, today announced the closing of $10 million in convertible notes and a $20 million revolving credit facility. Proceeds from the $10 million received at closing will be used for general corporate purposes, including funding the Company’s expansion of its BSN Pre-Licensure nursing degree program. The financing closed on Monday, March 14, 2022.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Cassie Rosenthal has been named Chief Marketing Officer, becoming the first woman in Rosenthal’s 84-year history to join the C-suite.

Wolters Kluwer Compliance Solutions, in collaboration with NYDIG, a leading Bitcoin company, has launched Bitcoin Risk Assessment – NYDIG Clients to provide regulatory assessments for financial institutions looking to offer their customers access to Bitcoin services provided by NYDIG.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Matt Simon has joined the firm as Managing Director of Originations. Matt will be based in Atlanta and is responsible for expanding origination efforts in Alabama, Georgia, and Tennessee, while also working with Lori Potter, Managing Director of Originations, in the Florida market.

Kirby McInerney LLP has added Anthony F. Fata, a leading plaintiffs’ litigator in commodities, securities, and whistleblower matters, as a partner in the firm’s new Chicago office. Mr. Fata joins Kirby McInerney from Cafferty Clobes Meriwether & Sprengel LLP, where he led that firm’s efforts in commodities and securities litigation. He had previously defended SEC enforcement matters and securities class actions at McDermott, Will & Emery LLP.

LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1.7 million credit facility for a California-based recreational vehicle and travel trailer accessory manufacturer. The company will use the additional capital to fund innovation, new designs and improve existing products and services.

White Oak Healthcare Finance, LLC (“White Oak”) announced today that it acted as sole lender and administrative agent of a senior credit facility to recapitalize and extend growth capital to Youth Opportunity Investments (“YOI”), a provider of adolescent and psychiatric treatment services across four US states.