TSL Express Daily Articles & News

J D Factors announced it has provided the following factoring facilities: $50,000 to a transportation company in Texas; $100,000 to a transportation company in Alabama; $200,000 to a transportation company in Indiana.

Moritt Hock & Hamroff has announced that Julia Gavrilov and Dennis Kucica have been elevated to Partner, that Brian Adelman, Stephen Breidenbach and Sofia Fayer have been elevated to Counsel and that Alexander Widell, a Partner of the firm, has been elected to serve as Co-Chair of the firm's Litigation Practice Group, effective January 1, 2022.

Tradecycle Capital is excited to announce its geographic expansion with the addition of Steve Reichmuth in Dallas, TX. Steve joins Tradecycle’s team as Sales Director for the region and will support Tradecycle’s continued growth.

A&G Real Estate Partners and Murray Wise Associates LLC are under contract with a stalking horse bidder in the receivership sale of a 1.87 million-square-foot greenhouse and agricultural warehouse complex on 151 acres in Paris, Kentucky.

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, today announced it has committed to provide at least $5 billion by 2027 in loans, investments and other financing to support sustainability efforts and the company has set a goal to achieve carbon neutral operations by 2025.

To close out 2021, Sallyport is delighted to announce a $10,000,000 finance package covering accounts receivable, inventory and real estate. The client was referred to Sallyport by investment banking partners whom we worked with on multiple occasions in progressing this arrangement. They needed a reliable lender that they could depend upon to follow through on their promises in order to close the deal for the client in a very tight time frame.

TAB Bank is pleased to announce it has provided an energy drink company in Michigan with a $1 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Spouting Rock Asset Management (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, is to merge with Old Hill Partners Inc (Old Hill), an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses.

As a next step in the ongoing transformation, Danske Bank will change the organisation to become even more customer-centric and enhance commercial focus as well as accelerate execution of our 2023 plan. Going forward, the commercial activities will be organised in three business units headed by Berit Behring, Christian Bornfeld and Johanna Norberg.

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed three new follow-on investments, totaling $15.8 million, in two existing portfolio companies, Direct Marketing Solutions, Inc. ("DMS") and Nebraska Vet AcquireCo, LLC (dba Heritage Vet Partners, P.C. or "Heritage").

CVB Financial Corp. (the “Company”) announced today that the planned merger between CVBF’s wholly-owned banking subsidiary, Citizens Business Bank (“Citizens”), and Suncrest Bank (“Suncrest”) has been completed, effective at 6:00 p.m. (Pacific Standard Time) on January 7, 2022. Suncrest was merged with and into Citizens, in accordance with the terms and conditions of that certain Agreement and Plan of Reorganization and Merger (“Merger Agreement”), dated as of July 27, 2021, by and among the Company, Citizens and Suncrest.

Liquidia Corporation (NASDAQ: LQDA) announced today the closing of a debt facility on January 7, 2022, with Silicon Valley Bank (SVB) which provides Liquidia with up to $40.0 million in term loans of which the first $20.0 million was funded at closing. Liquidia initially entered a debt facility with SVB in March 2021 that provided up to $20.5 million in term loans of which $10.5 million had been funded to date.

Chief financial officers are wrestling with new challenges and growing responsibilities in shorter time frames as CFO tenure decreases, according to findings from a new survey conducted by the Office of the CFO Solutions practice at FTI Consulting, Inc. (NYSE: FCN), in collaboration with Industry Dive.

FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end brands.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it closed on a senior secured term loan financing to a subsidiary of Perry Ellis International (“Perry Ellis” or the “Company”), an owner of well-established retail brands. Funding provided by Sound Point will be used to pay down the Company’s existing debt.

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that industry veterans Sebastien Burdel and Luca Salvato are joining as Partners in the Ares Secondary Solutions Group. They will work alongside Ares’ existing teams in both New York and London to directly originate new secondary market investment opportunities and leverage Ares’ substantial presence in the U.S. and Europe.

Coherus BioSciences, Inc. (Coherus or the Company) (Nasdaq: CHRS) today announced that it has entered into a loan agreement with investment funds managed by Pharmakon Advisors, LP.

NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN), a specialist rural telecommunications company, is pleased to announce an agreement in principle for a senior secured credit facility (the "Loan Facility") with a development finance institution (DFI) that provides up to US$15,000,000 in total funding. The purpose of the Loan Facility is to finance a portion of NuRAN's planned US$30,000,000 of expenditures linked to the installation of network infrastructure roll-out promoted by NuRAN in Cameroon and Democratic Republic of the Congo (DRC) (the "Project").

BMO Financial Group has expanded its commercial banking operations in Florida, announcing new leaders in South Florida, West Florida and Central/North Florida regions. The Florida commercial banking team will continue to be overseen by Marty McAndrew, BMO's Managing Director & Florida Market Executive, Commercial Banking.

Heightened political and regulatory scrutiny of large bank mergers and acquisitions (M&A) could lead to increased execution risk for future deals and for banks with in-process transactions, Fitch Ratings says. However, we expect small and mid-sized regional banks to continue to announce new deals despite growing regulatory scrutiny that could result in delayed closings or even the potential termination of deals.