TSL Express Daily Articles & News

Jefferies Credit Partners ("JCP"), a leading private credit manager and the asset management arm of Jefferies Finance LLC, today announced the appointment of Steve Marino as Head of Investor Solutions. Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and MassMutual.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $13,600,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $24,804,003 in 29 new transactions; Crestmark Vendor Finance provided $9,938,833 in 76 new transactions; the Government Guaranteed Lending group provided $8,195,000 in financing for three new clients; and the Joint Ventures group provided $1,007,250 in one new transaction in the month of November.

Falcone Capital Holdings, LLC, a holding company of award winning, technology driven international and domestic transportation brands, is pleased to announce the renewal signing of a $10-million-dollar revolving credit facility with InterNex Capital, LLC. The extended partnership was driven by two years of stellar growth across the entire Falcone Brand of Companies.

The electrical contractor client is a minority, family, and woman-owned electrical contractor focused on commercial, industrial and residential projects and maintenance services. The company has served the Illinois community for almost 100 years.

Morgan Stanley Senior Funding, Inc. acted as the lead left arranger and joint Bookrunner together with KeyBanc Capital Markets Inc., BofA Securities, Inc., Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, Regions Capital Markets, A Division Of Regions Bank, Wells Fargo Securities, LLC and Manufacturers And Traders Trust Company.

Sidley is pleased to announce the names of its 42 newly elected partners and 20 lawyers newly promoted to counsel, listed below by office and area of practice. These individuals will become partners and counsel in the firm effective January 1, 2022. “This class of partners and counsel embody our talent, teamwork, results ethos,” said Mike Schmidtberger, chair of Sidley’s Executive Committee. “They are world-class lawyers from offices across the globe devoted to their clients and their colleagues. We are proud to have them join the partnership or advance to counsel in the new year.”

365 Data Centers, a leading network-centric colocation provider to carrier, content and enterprise customers in strategic edge markets, today announced that it has refinanced all of its existing debt and secured additional financing commitments from TD Securities, ING Capital LLC, CIT Group, Regions Capital Markets, and Boundary Street Capital.

Espresso Capital announced today that it has provided True Fit, the global data and software leader retailers choose to decode fit & size, with a $15 million credit facility. The company will use the capital to make further enhancements to its product and scale its distribution.

Bridge Bank today announced the hiring of Dave Bhagat as senior managing director of the International Banking Group. In his new role, Bhagat will manage the foreign exchange sales and trading team, the trade finance and EXIM team, and correspondent banking and multi-currency accounts; lead the development of new FX and interest rate hedging solutions; and work to increase awareness of the group's sizable capabilities.

Columbia Pacific Advisors' business finance strategy, CPBF, a direct lender to non-sponsored and sponsor-backed emerging growth and middle market companies, today announced it has delivered a $30 million senior secured term loan to Esports Technologies, Inc. (Nasdaq: EBET), a Las Vegas based iGaming technology company focused on developing and operating esports gaming platforms.

Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a senior secured credit facility to support the carve-out of Avera eCare from Avera Health by Aquiline Capital Partners, a private investment firm. The new company, called Avel eCare, is a national leader in delivering telemedicine care.

Kabbage from American Express today launched Kabbage Funding, offering eligible small businesses flexible lines of credit between $1,000 and $150,000—now with the powerful backing of American Express. With Kabbage Funding, small businesses can apply in minutes to access working capital 24/7 to help manage their company’s cash flow.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager, with over $2 billion in assets under management, focused exclusively on investing in established, private small and medium-sized North American businesses (lower middle-market), is pleased to announce that Renald “Ray” Durand has joined as Director of Finance. Mr. Durand brings a broad skillset across in finance, accounting and fund administration and will become a valued addition to Star Mountain’s finance and operations department led by Chief Financial Officer Chris Gimbert.

City National Bank announced today that Brent Williams has been promoted to executive vice president. Williams, who serves as head of the bank’s National Corporate Banking division, will also join City National’s Executive Committee.

Northpoint Commercial Finance (“Northpoint”), a North American diversified financial services company, announced that it provided a $15 million senior secured revolving line of credit to Conecuh Brands, LLC (“Conecuh”). The proceeds will be used to refinance existing indebtedness and support Conecuh’s domestic and international growth.

KTC was contacted by a large US bank who was putting together a supply chain receivable finance facility for a Plastic Cup supplier in support of their growing sales to a Fortune 500 customer.

Winston & Strawn represented Seven Oaks Acquisition Corp. (“Seven Oaks”) (Nasdaq: SVOK, SVOKU, SVOKW), a special purpose acquisition company, in connection with its business combination with Boxed, Inc. (NYSE: BOXD, BOXD WS) (“Boxed” or the “Company”), an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers.

The financing consists of $1.75 million in accounts receivable funding and $350,000 in equipment finance. This will lay the foundation for the client to achieve their long-term goals of further expansion and acquisition coast-to-coast in the US.

Winston & Strawn represented 123-year-old Thomas Publishing Company, a leader in product sourcing, supplier selection, and digital marketing solutions, in connection with its $300,000,000 sale to Xometry, Inc, a global marketplace for on-demand manufacturing.

IDB Bank is excited to welcome Salvador Palma “Chava” as the new President of IDB Capital. With more than 20 years of industry experience, Chava will be instrumental in delivering fresh investment insights for IDB’s client base. In his new role, he will report directly to IDB Bank President and CEO, Ziv Biron.