TSL Express Daily Articles & News

B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley Financial" or the "Company"), a diversified provider of business advisory and financial services, announced it has established a new receivables business to provide debt monetization solutions and portfolio acquisition services for its clients.

lack Diamond Group Limited (“Black Diamond” or the "Company”) (TSX: BDI), a leading provider of space rental and workforce accommodation, today announced the renewal of its secured asset-based revolving credit facility (“Facility”). The renewal extends the maturity of the Facility out to October 31, 2026. The lending syndicate is unchanged and is co-led by The Bank of Nova Scotia and Bank of Montreal. There were no changes to the pricing grid and the size of the Facility remains unchanged at $300 million, with an uncommitted accordion of $50 million.

Julia Gavrilov, counsel in the Garden City office of Moritt Hock & Hamroff LLP, has been named as one of the Top Women in Equipment Finance for 2021 by the Monitor in recognition of her outstanding commitment, achievements and leadership in the equipment finance industry.

Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced today that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies.

Synovus today announced the launch of a new restaurant finance team focused on helping restaurants across the country execute strategic plans for growth while fostering relationships with established and up-and-coming names in the sector.

Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Friday announced it has entered into a definitive agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm serving clients in the technology, professional services, data and information services, and digital and technology-enabled services industries.

PNC Capital Markets LLC, Citibank, N.A. and Wells Fargo Securities, LLC served as Joint Book Managers for the Credit Facility. PNC Capital Markets LLC, Citibank, N.A., Wells Fargo Securities, LLC, Capital One, National Association, Regions Capital Markets and U.S. Bank National Association served as Joint Lead Arrangers for the Credit Facility. PNC Bank, National Association served as the Administrative Agent. Citibank, N.A. and Wells Fargo Securities, LLC served as Co-Syndication Agents. Capital One, National Association, Regions Bank, and U.S. Bank National Association served as Co-Documentation Agents.

Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced amendments to its existing senior credit facility (“Credit Facility”) with funds managed by affiliates of Fortress Investment Group LLC.

Winston & Strawn represented Broadstone Acquisition Corp. (“Broadstone”) (NYSE: BSN), a special purpose acquisition company, in connection with its business combination with Vertical Aerospace Ltd. (NYSE: EVTL) (“Vertical” or the “Company”), a leading UK-headquartered engineering and aeronautical business developing electric vertical take-off and landing aircraft.

Winston & Strawn represented Arbor Investments (“Arbor”), a specialized private equity firm that focuses exclusively on investing in food, beverage, and related industries, in its acquisition of Oregon Freeze Dry (“OFD” or the “Company”) from Endeavour Capital. OFD is North America’s largest and most technologically advanced freeze-dryer of food, probiotics, enzymes, proteins, specialty ingredients, and lyophilized pharmaceutical inputs.

Thank you to David Morse of Otterbourg P.C. for supplying the below information on the “Stop Wall Street Looting Act of 2021”. SFNet’s advocacy team is working with our Federal resources to monitor and advise as this develops.

Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis ‎cultivation and retail facilities in the U.S., today announced it has secured a $150 million credit facility (the “Credit Facility”) with AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) and Viridescent Realty Trust, Inc. (“Viridescent”).

Winston & Strawn LLP represented Protocol First, a software solutions provider focused on accelerating clinical research, in its sale to Flatiron Health, a healthtech company dedicated to helping cancer centers thrive and deliver better care for patients.

EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in on-demand mobile fueling, announced today that it has entered into a revolving credit line agreement with City National Bank of Florida (the “Bank”). Under the revolving credit facility, the Company may borrow up to approximately $16 million, a number that will vary over time. Funds can be used for general corporate purposes.

INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.

NOW Inc. (NYSE:DNOW) announced today that it has entered into an amendment (the “First Amendment”) to the existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank, National Association serving as the administrative agent (as amended, the “Credit Agreement”).

Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S.

Russel Metals Inc. (TSX: RUS) announces that it has extended its $450 million credit facility with a syndicate of banks led by RBC Capital Markets. The credit facility has been extended from September 21, 2023 to September 21, 2025. In addition to the extension, the amended credit agreement includes a more favourable interest rate grid.

HSBC Bank USA, N.A. is acting as administrative agent and collateral agent. HSBC Bank, N.A. along with, Barclays Bank PLC, Santander Bank, N.A., and Citibank, N.A. served as joint lead arranger and joint bookrunner on the Facility with Silicon Valley Bank as an additional lender. Morrison & Foerster LLP acted as counsel to Veeco.