TSL Express Daily Articles & News

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced the completion of a $2.5 million asset based lending deal to support the growth capital needs of a company specializing in video remote interpretation technology.

Canyon Plastics, Inc. (“Canyon” or the “Company”), has been acquired by VPET USA, LLC (“VPET”), a portfolio company of Graham Partners (“Graham”). FocalPoint Partners ("FocalPoint") served as exclusive financial advisor to Canyon.

Bank economists expect credit conditions to continue improving for both consumers and businesses over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced that John W. Cummings will serve in the newly created role of Executive Vice President, Chief Administrative Officer, effective January 21, 2022.

Sallyport Canada is pleased to announce a $250,000 invoice factoring facility for a manufacturer of protective workwear and technical apparel. The client was referred to Sallyport by its broker network when their facility was ‘capped’ by the bank and they needed an alternative source of working capital to support their growth ambitions. The facility will enable this passionate business owner to expand the company into new provinces.

TAB Bank is pleased to announce it has provided a foundry in New York with a $7 million asset-based credit facility. The new facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs.

F.N.B. Corporation (NYSE: FNB) announced today that it successfully completed its merger with Baltimore, Maryland-based Howard Bancorp, Inc. (Howard) on January 22, 2022. The customer and branch branding conversion is scheduled to be finalized on February 7, 2022.

The Capital Markets Strategy team at Mitsubishi UFJ Financial Group (MUFG) released its annual outlook to C-suite executives analyzing how corporate strategy is transitioning to a post-pandemic world in 2022 amid rising interest rates, a pivot to tightening in monetary and fiscal policy, and the prospect of higher volatility.

Regions Bank on Monday announced the launch of a Commercial Business Development team focused specifically on helping small businesses build customized plans for financial success. The new team complements Regions’ extensive Commercial Banking Solutions group and is led by experienced banking veteran Jordan Baxter, senior vice president in Regions Commercial Banking.

Jennifer Harris, a seasoned special situations finance attorney, joined Ropes & Gray today as a partner in the firm’s growing global capital solutions & private credit group. The team strategically advises clients in complex debt and equity transactions including bespoke financing and distressed credit situations.

J.P. Morgan Asset Management today announced a new sustainability-focused growth private equity investment team. The team will launch its first private equity strategy focused on investing in growth-stage private companies that drive resource efficiency and climate adaptation solutions across a range of industries. J.P. Morgan is anchoring the team's first investment strategy with an investment of up to $150 million, one of its largest capital commitments ever made into an alternative investment strategy.

Wingspire Capital LLC (“Wingspire”) achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021. Wingspire’s 2021 transactions ranged in size from $40 million to $200 million and included tailored “one-stop” financing solutions such as revolving lines of credit, cash flow loans, fixed asset term loans and other hybrid financing solutions.

Khalid Kahn has joined Aeon Investments, the London based credit-focused investment company, as a Managing Director in the investment team. With more than 20 years of experience, Khalid joins Aeon from Federated Hermes International where he was Senior Credit Structurer in the Fixed Income Group responsible for managing structured credit portfolios comprising regulatory capital trades and CLOs.

Highlights of the year included: a $35 million line of credit for a national guard and protection services company; a $20 million revolving line of credit obtained for a motor oil distributor; $12.5 million sub-debt for an online distributor of office products...

King & Spalding today announced that Sheel Patel has joined as a partner in the firm’s Corporate, Finance and Investments (CFI) practice group in its New York office. Patel has more than a decade of experience working on complex commercial financing transactions across diverse industries.

White Oak Real Estate Capital (“WOREC”), an affiliate of White Oak Global Advisors, LLC, (“WOGA”) announced today that it originated $145.75 million of loan transactions in the multi-family and self-storage sectors in the fourth quarter of 2021. These announcements follow WOREC’s launch in July 2021.

J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that banking industry veteran Louis Vachon has joined the firm as an Operating Partner, effective immediately.

Columbia Bank today announced that a five-person commercial banking team has joined its Seattle office as the Bank continues to grow in this critical market. The financial services professionals joining include: Robert Boswell, Jocelyn Stockton, Riley Gaffney, Anna DeCaterina and Miranda Jones.

MidFirst Business Credit (MFBC) announced it has provided a $15 million working capital facility to Coast Medical Service, Inc. (“Coast Medical”). Headquartered in Los Angeles, Coast Medical is a healthcare staffing company that recruits and hires nurses for placement in both short-term and longer-term assignments at hospitals and other medical centers.