TSL Express Daily Articles & News

Laurel Grocery was founded in 1922, when the Chestnut and Griffin families formed a partnership in a warehouse located in East Bernstadt, KY. The Company is currently owned by the third generation of the two families. The business grew through the years and eventually re-located to the current site in London KY. Over the years the Company added seven retail grocery stores.

Yieldstreet Private Business Credit finished its first full year in tremendous fashion. In 2021, YS PBC closed a total of $335M in new deals across both consumer and commercial asset classes within various positions of the capital structure.

First Financial Bancorp. (Nasdaq: FFBC) ("First Financial") announced today that it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc. ("Summit"), the fourth largest independent equipment financing platform in the United States.

TG Therapeutics, Inc. (NASDAQ: TGTX), today announced that its existing term loan facility agreement with Hercules Capital, Inc. (NYSE: HTGC), has been amended to increase the size of the facility to $200 million, with $70 million funded at closing.

WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“Bryn Mawr”), and its primary subsidiary, The Bryn Mawr Trust Company (“Bryn Mawr Trust”), as of January 1, 2022. In addition, in accordance with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors of WSFS and WSFS Bank.

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has named Mike Roffler Acting Co-CEO of the Company and appointed him to the Company’s Board of Directors. As previously announced, Roffler also began service as President on January 1, 2022.

FTI Consulting has promoted 33 people to senior managing director in its US operations. The Washington, DC-based management consulting firm also promoted an additional 16 people to senior managing director across its international offices, effective January 1, 2022.

Sullivan & Cromwell LLP announced today that Robert J. Giuffra, Jr. and Scott Miller have become Co-Chairs of the firm, effective January 1, 2022. Mr. Giuffra and Mr. Miller have served as Vice Chairs of the firm since January 2021. They succeed Joseph C. Shenker, the firm’s Chair since 2010, who will continue to serve on the firm’s Management Committee as Senior Chair in addition to continuing with his active client practice.

D.A. Davidson & Co., Morgan Stanley & Co. LLC and Piper Sandler & Co. acted as financial advisors to United, and Nelson Mullins Riley & Scarborough LLP served as United’s legal advisor. Raymond James & Associates, Inc. and Credit Suisse Securities (USA) LLC served as financial advisors to Reliant, and K&L Gates LLP served as Reliant’s legal advisor.

First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), parent company of First-Citizens Bank & Trust Company ("First Citizens Bank"), today announced completion of its previously announced merger with CIT Group Inc. ("CIT"). North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank in the nation.

Wells Fargo Securities, LLC, BofA Securities, Inc. and JPMorgan Chase Bank, N.A. served as Joint Lead Arrangers and Joint Bookrunners. Wells Fargo Bank, National Association, will serve as the Administrative Agent on the amended credit facility.

Abraxas Petroleum Corporation, a Nevada corporation (“Abraxas” or the “Company”) (OTCQX:AXAS), today announced (i) the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2MM, (ii) the repayment of all of its revolving credit facility and (iii) the exchange of its entire Second Lien Term Loan held by Angelo Gordon Energy Funding, LLC (“Angelo Gordon” or “AG”) into newly authorized Series A Preferred Stock.

Armstrong Flooring, Inc. (NYSE:AFI) a leader in the design and manufacture of innovative flooring solutions, announced it has successfully amended its ABL Credit Facility and Term Loan Facility today. These amendments, which received unanimous support from the Company's ABL and Term Loan lenders, provide certain covenant modifications under the Company's ABL and Term Loan facilities through June 30, 2022.

Freshlocal Solutions Inc. (TSX: LOCL) (OTC: FLOCF) ("Freshlocal" or the "Company") is pleased to announce it has entered into a secured $8.8 million credit facility agreement with Export Development Canada ("EDC") dated December 28, 2021 (the "EDC Facility") to support Freshlocal's international expansion efforts related to its FoodX SaaS-based eGrocery Management Solution (eGMS).

Atento S.A. (NYSE: ATTO, "Atento"), one of the world's five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and sector leader in Latin America, announced today that it entered on December 23, 2021 a new super senior revolving credit facility with IDB Invest, the private sector arm of the Inter-American Development Bank.

The International Factoring Association, the world’s largest association of commercial finance companies, announced that Tania Daniel has assumed the role of Executive Director. Daniel, who has spent her entire career in the factoring industry and is also a long-standing member of the IFA’s Advisory Board, will help lead the association into its next chapter.

German American Bancorp, Inc. (Nasdaq: GABC) announced today that it has completed its merger with Citizens Union Bancorp of Shelbyville, Inc., the parent company of Citizens Union Bank of Shelbyville, Inc. of Shelbyville, Kentucky, effective at 12:01 a.m. (Eastern time) on January 1, 2022. Immediately following completion of the holding company transaction, Citizens Union Bank merged with and into German American’s banking subsidiary, German American Bank.

Apex Innovative Sciences, Inc. (“Apex” or the “Company”), a clinical research and site service organization specializing in complex early phase studies, has completed a corporate divestiture of Ocean View Adult Psychiatric Hospital (“Ocean View”). Ocean View was acquired by View Behavioral Health (“View”), an investment group led by former Divisional President, Jack Stephens. FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to the Company.

Velocity Risk Underwriters, LLC (“Velocity Risk”), a catastrophe-focused property and specialty insurance risks managing general agent (“MGA”), has announced its acquisition by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global investment manager specializing in alternative investments.

Urgently, a leading provider of digital roadside and mobility assistance services, announced today it has secured up to $75 million in debt financing from certain funds managed by Highbridge Capital Management, LLC (“Highbridge”), Onex Credit and Whitebox Advisors, that will help the company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility and technology transportation companies. In addition, Structural Capital refinanced and increased its existing debt facility with Urgently to $17.5 million.