TSL Express Daily Articles & News

Glenn Agre Bergman & Fuentes LLP announced today that Stacy Tecklin has joined the firm as a partner and will lead the firm’s new Distressed Debt & Claims Trading practice. She will be based in the firm’s New York office. Known for her distinctive background in transactional corporate law, Tecklin maintains a complex distressed debt practice, representing buyers and sellers of a wide range of special situations investments, including syndicated par and distressed loans, bankruptcy claims, and post-reorganization proceeds.

Black Women in Asset Management (BWAM), a non-profit organisation promoting the advancement of Black women working in the asset management industry, is delighted to announce Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G plc, Maniyar Capital, Morningstar, Inc. and State Street Global Advisors as new institutional members.

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce that the following 12 Associates from across the organization have been elevated to Senior Vice President (SVP) positions.

Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with New Mill Capital to sell the machinery and equipment from Drinkworks’ two U.S. facilities in timed, online auctions. Drinkworks, a former producer of at-home bar machines, ceased operations in December 2021.

Espresso Capital announced today that it has provided Echosec Systems, a leading open-source intelligence software company, with a $10 million credit facility. Relied upon by security and intelligence teams to monitor social media and dark web networks, the company will use the capital to make strategic enhancements to its solutions and expand its investments in sales and marketing.

Strathcona Resources Ltd. ("Strathcona" or the "Company") is pleased to announce it has completed its amalgamation with Caltex Resources Ltd. ("Caltex") and Stickney Resources Ltd. ("Stickney"). ATB Capital Markets, BMO Capital Markets, and CIBC Capital Markets acted as financial advisors to Strathcona on the Caltex acquisition. RBC Capital Markets and TD Securities acted as financial advisors to Strathcona on the Tucker acquisition.

Spark Networks SE (NASDAQ: LOV), a leading social dating platform for meaningful relationships, today announced that on March 11, 2022 it completed the successful refinancing of its existing term and revolving loan facility with borrowings under a new term loan facility with MGG Investment Group LP.

Specialty Capital, LLC, ("Specialty Capital"), a leading technology driven specialty finance company, has closed on a $10 million credit facility with a U.S. based, alternative credit asset manager. The facility will provide Specialty Capital with an initial borrowing capacity of $10 million to expand its funding capabilities, strengthen their ability to provide funding for small businesses, and grow their overall book of business.

NewAge, Inc. (Nasdaq: NBEV), a direct selling company with a primary focus on healthy products, today announced it has entered into a new $12.0 million revolving line of credit agreement (“LOC”) with East West Bank which matures in March 2024. NewAge used this facility to repay in full its existing outstanding loan balance of $10.6 million under its 8.0% senior secured note with JGB Management.

Direct Federal Credit Union (www.direct.com) of Needham, MA, announced today that Greg Ryan has been named Senior Vice President of Commercial Lending. Ryan joins the credit union from Eagle Bank, where he served as Senior Vice President, Commercial Lender. He comes to Direct Federal with over 30 years of Commercial Lending experience at various community banks across Massachusetts.

Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank, today announced an executive leadership transition plan. On March 10, 2022, the Board of Directors of Southern Missouri Bancorp, Inc. (the “Company”) unanimously appointed Greg A. Steffens as Chairman of the Board, to succeed L. Douglas Bagby, effective July 1, 2022. Mr. Steffens will continue to serve as Chief Executive Officer of the Company, a role he has held since 1999. Mr. Bagby will continue to serve as a director, and he will also serve as Vice-Chairman and lead outside director for the Company.

FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Dr. Randal Heeb as a Senior Managing Director in the firm’s Economic Consulting segment. Based in Washington, D.C., Dr. Heeb has 35 years of experience providing economic analysis in both the private and public sectors.

KKR today announced the appointment of Lindsey Wright as Managing Director and Head of Investment Services for the firm’s real estate credit business in the United States. In the newly created role, Ms. Wright leads the development of a dedicated services platform to support asset management, loan origination, securities investing, risk management and client experience for KKR’s real estate credit franchise as it continues to scale.

SLR Business Credit is pleased to announce the promotion of Mike Stoffield to vice president in the Field Examination department. Stoffield has been with SLR since March 2018. He has over 27 years of experience auditing for banks and finance companies. He graduated from Marquette University with a degree in Finance and from the Keller Graduate School of Management with an MBA.

LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support O2 Investment Partners’ investment in BerlinRosen. LBC served as Agent for the senior secured credit facility.

Crestline Investors, Inc., ("Crestline") a credit focused institutional alternative asset manager, today announced that it has closed a series of funds across multiple strategies with commitments totaling more than $3.6 billion.

Triumph Bancorp, Inc. (Nasdaq: TBK) announced today the appointment of Erik T. Bahr as chief revenue officer of TBK Bank, SSB, member FDIC. In the newly created role, Bahr is responsible for driving go-to-market strategy, sales performance, client satisfaction, and overall operations of the sales channels and partnership for the bank’s transportation lines of business.

Eagle Global (“Eagle”), a women and minority-owned distributed gaming provider based in Georgia, today announced that it has entered into a $50 million financing agreement with the Private Credit business within Goldman Sachs Asset Management (“Goldman Sachs”) to finance the combination of two COAM businesses.

Amerisource Business Capital announced the closing and funding of a $1,500,000 senior credit facility for a North Carolina-based hosiery manufacturer. The proceeds were used to provide working capital to support the company’s projected growth.

Sonida Senior Living (NYSE: SNDA) has entered into a loan agreement to refinance existing mortgage debt, addressing all of the company’s debt maturities through 2024 and positioning it to grow. The transaction consists of an $80 million initial term loan and up to $50 million of additional capital, with an uncommitted $40 million accordion provision meant to fund the Dallas-based company’s growth in the future, according to a press release.