TSL Express Daily Articles & News

WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) has completed the brand conversion and systems integration of Bryn Mawr Trust into its primary subsidiary, WSFS Bank. All Bryn Mawr Trust banking accounts have successfully converted to WSFS Bank accounts. All legacy Bryn Mawr Trust Clients, now WSFS Bank Customers, have full access to WSFS Bank products and services, including 94 Retail banking offices and more than 600 ATMs across the Greater Philadelphia and Delaware region.

Big Shoulders Capital and Iroquois Industrial Group have formed a partnership to acquire the assets of Benda Manufacturing, a leader in conveyor and product handling systems for the food industry and other industries requiring integrated production line conveyors. The acquisition of the assets of the 30-year-old Tinley Park, Illinois-based manufacturer closed on February 15, 2022 and a new company, Benda Conveyor Solutions, LLC, has been formed resulting in the creation of new jobs as operations are restructured.

LSQ, a leading provider of working capital finance and payments solutions, announces the successful completion of their System and Organizational Controls (SOC) 2® Type 2 third-party attestation for their LSQ FastTrack® platform.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Biomechanical Research & Testing, LLC (“BRT”) by Aperture, LLC (“Aperture”), a portfolio company of Trinity Hunt Partners.

SLR Healthcare ABL is pleased to announce it has provided a $3 million in asset-based revolving line of credit to a skilled nursing operator in March 2022.

Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a $40 million senior secured credit facility (the “Financing”) to Horsepower Financial, LLC (“Horsepower”), and its affiliates. Horsepower, a Lebanon, Ohio-based provider of consumer motorcycle leasing services, will use the Financing to fund working capital needs and business growth initiatives.

Monroe Capital LLC (“Monroe”) today announced the closing of a $457 million term debt securitization known as Monroe Capital MML CLO XIII, LTD. The term financing was Monroe’s eighth new issue CLO completed since 2018 and is secured by a portfolio of middle market senior secured loans.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce several promotions, as well as welcome new team members.

The experienced Junior Debt Lending and Advisory team is led by industry veteran Charlie Sheridan. Sheridan, who recently joined the bank as managing director and group head, brings more than 20 years of industry experience to CIBC. Previously, he served as executive director of the Financial Sponsors Group at J.P. Morgan.

Haynes and Boone, LLP has promoted to counsel 11 lawyers from the firm’s Austin, Dallas, Dallas-North, Denver, Houston, London, Orange County, Palo Alto, and San Francisco offices. The new counsel are Kelli Bills, Calmann Clements, Emily Fuller, Daniel Kwok, Taryn McDonald, Nick Monier, Kristin Santamaria, Hong Shi, Michael Smith, Robin Smith, and Michael Stoner.

Pacific Western Bank is pleased to announce that Scott Frederick has joined the Bank as a senior vice president, business development officer on its asset-based lending team. He will be located in Oak Park, Illinois. Scott will be driving the Bank’s efforts to deliver asset-based lending solutions to middle-market businesses throughout the Midwestern States- including Wisconsin, Indiana, Michigan, Ohio, Minnesota, Missouri and his home state of Illinois.

CIT, a division of First Citizens Bank, today announced that its Middle Market Banking business provided $30 million toward construction and enhancement of school facilities in Wahoo, Nebraska. The borrower, Saunders County Education Agency, will use the loan to help finance construction of a new, two-story school addition, as well as associated renovations, for the existing middle school and high school facility of Wahoo Public Schools.

SLR Investment Corp. (NASDAQ: SLRC) (“SLRC”) and SLR Senior Investment Corp. (NASDAQ: SUNS) (“SUNS”) are pleased to announce that each company obtained stockholder approval of the proposals related to the previously announced merger of SLRC and SUNS (the “Merger”) at their respective special meetings of stockholders held on March 21, 2022.

Siena Healthcare Finance today announced the closing of a $10MM working capital facility for a California-based chain of skilled nursing facilities. The selection process with various lenders participating was thorough and very competitive. The Operators main objective was to engage a lender that listened, had deep knowledge of the sector, and could execute. They chose Siena Healthcare Finance because they could deliver on all requirements.

Sallyport has lightened the load for a growing bulk container distribution business, supporting them with $1.9 million in finance comprising an accounts receivable facility and a $500,000 cash flow loan.

When seeking a more nimble and reliable financing partner to refinance an existing small bank credit facility, Superior Fibers — a West Virginia-based manufacturer of specialty glass filament filtration media — approached Gibraltar Business Capital. The company was seeking a partner to support its long-term growth strategies.

Entrepreneur Growth Capital (“EGC” or “Entrepreneur”) is pleased to announce that it has provided a $750,000 accounts receivable line of credit to a New Jersey-based digital marketing and adaptive analytics firm (the “Client”). The Client applies the best tools and strategies available in ad-tech to offer reach and measurable engagement across web, mobile, CTV, and audio channels.

Amsterdam-based Hilco Industrial Acquisitions, B.V., an operating company of U.S.-based Hilco Global, announced today the strategic acquisition of all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.

Cambridge Wilkinson ("CW") is pleased to announce the closing of an $80MM debt facility for a long track record real estate sponsor in the Southeast United States. This bridge and construction facility will be used to develop a multi-family development on a 600-acre master plan community.

Gerry Harder has been promoted to serve as the Company's first-ever Chief Operating Officer, where he will steward corporate infrastructure and operational initiatives to support platform growth and new business creation. Ron Kundich has been with Trinity Capital since 2018 and has served as Senior Vice President, Loan Originations since August 2019 and has also contributed to Trinity's investment performance as a member of the investment committee.