TSL Express Daily Articles & News

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Miller Oil Company, Inc., d/b/a Millers Energy, and its affiliates (“Miller” or the “Company”) on the sale of the Company’s 21 company-operated petroleum marketing and convenience retail stores, two company-owned dealer-operated stores, and over 70 wholesale dealer accounts located in Virginia, North Carolina, and Florida. Tom Frantz, Otto Konrad and Meagan Kalantar of Williams Mullen served as legal counsel for Miller.

VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, business services, and education industries, today announced the appointment of Dean Pernisie as a Strategic Partner at the firm. Mr. Pernisie will join the firm’s Senior Advisors, where he will help lead new investment opportunities in healthcare services.

The following Associates have been promoted: Jim Wechsler – Senior Vice President, Chief Operating Officer, Commercial Banking Candice Caruso – Senior Vice President, Chief Retail Lending Officer Anthony Ryan – Senior Vice President, Director of Retail Lending Strategy and Operations

ORIX Corporation USA (ORIX USA) today announced two senior appointments within its asset management business. Jeff Abrams has been named Chief Investment Officer (CIO), Asset Management, and Timothy Loughlin has joined the firm as Managing Director in the Special Opportunities Group, responsible for Asset Based Lending. Mr. Abrams is based in New York and continues to report to Art Mbanefo, CIO of ORIX USA and Mr. Loughlin reports to Ravi Singh, Head of the Special Opportunities Group.

Piemonte Holding and the Private Credit business within Goldman Sachs Asset Management announce they have completed an investment in Elea Digital, an ecosystem of six data centers across different Metro-Areas in Brazil.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Asset-Based Lending team provided a $9 million revolving line of credit to Auto Advance, LLC — an auto finance and loan company located in Wayland, Massachusetts.

CIT, a division of First Citizens Bank, today announced that its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc. D.P. Nicoli is a leading provider of trench shoring rental equipment to public utilities, municipalities and contractors in California, Oregon, Washington and Idaho.

PlainsCapital Bank recently announced that Charles Hervey and Scott Allex have joined its Harlingen banking group at 1010 S. Expressway 83. Hervey will serve as senior vice president, commercial loan officer, while Allex will serve as vice president, business development officer.

Gemini Finance Corp. is pleased to announce that it has provided a $10.0 million purchase order financing facility to a provider of COVID-19 tests to a large midwestern state. Gemini’s client, a healthcare supply company, required the funds to secure the COVID-19 tests from the manufacturer.

Solifi™ (formerly IDS), a global software partner for secured finance, exited 2021 – a transformational year of growth – with the launch of its new website www.solifi.com. The website encompasses the company’s complete market-leading portfolio of solutions designed to help customers gain a competitive advantage and grow their business. With 15 new customers and 25 go-lives in 2021, the market continues to look to Solifi to provide the innovative technology needed to achieve their business goals.

BHI, a full-service commercial bank, announced that its Commercial Real Estate Group has provided $33.15 million in acquisition and construction financing to 251 Front Street LLC, developed by CW Realty Group for the development of a new luxury rental complex in the Vinegar Hill section of Brooklyn.

Earlier this month, SFNet informed readers that, based on continued member feedback expressing concerns regarding the subordination process of the SBA’s COVID EIDL program, SFNet submitted a letter to the SBA. This letter led to a productive discussion with the SBA, who provided insights to increase the likelihood of a quick and successful subordination request.

Latam Airlines Group SA can send its $5.4 billion bankruptcy-exit plan to creditors for a vote, a judge said Tuesday, handing the airline a partial victory over debtholders who want to pursue alternatives, including a takeover by rival Azul SA.

DELTA 9 CANNABIS INC. (“Delta 9” or the “Company”) today announced that it has entered into a binding commitment letter (the “Commitment Letter”) with connectFirst Credit Union Ltd. (“connectFirst”) for $32 million in credit facilities (the “Proposed Credit Facilities”). The Proposed Credit Facilities would be offered to the Company through First Calgary Financial, a division of connectFirst.

The amendment brings the total outstanding senior secured term loans under the credit facility to US$350 million. Chicago Atlantic Advisors, LLC (“Chicago Atlantic”) is the lead administrative agent and collateral agent, with participation from AFC Gamma, Inc. (“AFC Gamma”).

Cahill Gordon & Reindel LLP announced today that Daniel Anderson, Donna M. Bryan and Andrew Schwartz have been elected to the partnership in Cahill’s New York office.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has promoted 21 professionals to its partnership, effective February 1, 2021.

William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the expansion of its executive leadership team and named Beth Satterfield to the newly created position of chief operating officer.

Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and lending to charter schools. In this position, Helgeson will be reporting to Patti Thompson-Derry, Market Executive for Banc of California’s Healthcare, Education and Non-Profit Banking Group.

Fifth Third Business Capital provided a $9 million revolving line of credit, term loan and capital expenditure facility for Armored Republic Holdings LLC, Phoenix, AZ. Armored Republic Holdings manufactures body armor and related accessories primarily for direct-to-consumer use as well as select law enforcement and public safety professionals. Convergent Capital, an SBIC partner and mezzanine lender to several Fifth Third portfolio companies, assisted in the acquisition.