TSL Express Daily Articles & News

Tiger Group is gearing up to auction surplus equipment from Red Star Pictures, a longstanding supplier of rental lighting, grip and production equipment to the entertainment and live event industry.

Summit Bank (OTC Pink: SBKO), a leading independent community bank, announced today that Brian Thomas has been promoted to Senior Vice President, Commercial Banking Team Leader for the bank’s Portland and Southwest Washington Team. The announcement was made by Craig Wanichek, Chief Executive Officer and President of Summit Bank.

Hilco Corporate Finance (HCF) is pleased to announce that Heather Morgan has joined as Director of Capital Solutions. In this new role, Ms. Morgan will be responsible for originating corporate finance and capital markets transactions for Hilco Global, with a focus on the commercial and industrial sector. Ms. Morgan brings almost 20 years business development experience in her tenure of her professional career.

Opportune LLP, a leading global energy business advisory firm, is pleased to announce that Daniel Kohl has joined the firm as Co-Head and Managing Director of Opportune Partners LLC, an independent investment banking and financial advisory affiliate of Opportune.

J D Factors announces it has provided the following factoring facilities: $500,000 to a transportation company in Quebec; $100,000 to a transportation company in British Columbia; $300,000 to a transportation company in New Jersey; 1,000,000 to a transportation company in Texas.

CIT, a division of First Citizens Bank, today announced that its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels.

Cambridge Wilkinson ("CW") is pleased to announce the closing of a $100MM credit facility for a long track record Real Estate Asset Manager who currently has more than 90,000 acres of land and manages over $3 billion of real estate assets.

CIBC Innovation Banking is pleased to announce growth capital financing for DealMaker, a leading capital raising technology platform. The financing will enable the company to accelerate its growth across North America. Founded in 2018, by experienced Bay Street lawyers, Rebecca Kacaba and Matt Goldstein, DealMaker’s ambition is to modernize the shareholder issuance space, with recent successes including the Green Bay Packers issuance.

Haversine Funding announced the following recently closed transactions: $3,000,000 of a $6,500,000 participation in an asset-based line, secured primarily by inventory, to an iron foundry and manufacturer; $10,000,000 senior secured, lender finance facility to a transportation factor; $2,000,000 of a $4,000,000 factoring participation for a government procurement distributor; $2,000,000 junior capital facility to a real estate bridge lender and $15,000,000 senior secured, lender finance facility to a general factor and asset-based lender.

FocalPoint Partners, a leading middle market investment bank and a B. Riley Financial Company (NASDAQ: RILY) specializing in strategic and financial advisory services, today announced that Andrew Hewlett has joined the firm as a Managing Director in its national healthcare practice.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, continues building capabilities with the addition of Daria Lupinacci as an Operating Partner focused on Digital Acceleration.

Rosenberg & Fecci Consulting, LLC is pleased to announce that Jaime Hantgan has joined the team as a Commodity Consultant. Ms. Hantgan comes to us with 15 years of experience in the world of commodity trading. She has held various positions, including accountant, trading analyst, and trade finance analyst for large and small trading companies.

J.P. Morgan Asset Management today announced that it has hired Arezu Moghadam as Managing Director and Global Head of Data Science. Ms. Moghadam will be based in New York and reports to Kristian West, Head of the firm's Investment Platform team, which is focused on building and managing best in class capabilities, maximizing return on investment and leveraging the scale of J.P. Morgan to deliver exceptional outcomes to clients.

Blank Rome LLP is pleased to welcome prominent finance partner Cynde H. Munzer to the firm’s Finance, Restructuring, and Bankruptcy group in Chicago. Cynde is the latest addition to the firm’s national finance team, which recently welcomed additional leading partners David E. Kronenberg in Washington, D.C. and Cincinnati, and Cassandra K. Mott and Sarah H. Frazier in Houston, as well as of counsel Bradley E. Wolf in Los Angeles.

Leader Bank is pleased to announce that Matthew Pierce has recently been promoted to the position of Chief Lending Officer. Since joining Leader Bank in 2008, Matthew has held several leadership roles with the Bank including Vice President of Commercial Lending, Senior Vice President of Commercial Lending, and most recently Chief Credit Officer.

Santa Cruz County Bank (OTCQX: SCZC), today announced the launch of its Asset-Based Lending Division led by Lee Shodiss and Shelly Medina. The Bank's new Asset-Based Lending Division will specialize in serving business clients and emerging growth companies requiring asset liquidity and flexible lines of credit in addition to full banking services.

Ocean Bank’s Factoring Division has financed a $5 million factoring facility to a private equity-owned distributor of interactive digital marketing displays. “Supply chain problems and the pandemic hindered our client’s ability to fulfill orders quickly,” said Daniel Krasna, vice president of Business Development. “With our financing, they will have the right factoring facility to grow their business.

Rotolo Consultants, Inc., a commercial landscaping company providing design, installation and maintenance services in the Gulf Coast region, approached Gibraltar while undergoing a management buyout. The company needed financing to accommodate seasonality whilst allowing the buyout to progress as planned. Leveraging their accounts receivable, including accounts receivable from longer term projects, Gibraltar provided a $12MM line of credit to support ongoing working capital needs.

The Interface Financial Group (“IFG”) announced the funding of a $26,000,000 digital supply chain finance for suppliers in the USA and South Asia. The click-through early payments program provided by IFG continues to help suppliers in challenging times of supply chain disruptions.

Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,000,000 account receivable line of credit for a Midwest based transportation broker. The company was founded in mid-2020 by multiple veterans of the domestic freight industry and focuses on Full Truckload freight for companies across the country.