TSL Express Daily Articles & News

City National Bank announced today that Russell Goldsmith, chairman of City National Bank and RBC Wealth Management U.S., will retire on January 31, 2022. Goldsmith served 43 years on the City National Board of Directors, 26 years as chairman of the bank and 23 years as its CEO.

ridge Bank today announced that its Boston-based Technology Banking Group has issued a venture debt term loan of $6 million to Mixlab, the modern pet pharmacy that partners with veterinarians to deliver the highest level of care at home.

Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its November 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, November new filings were down with 29,325 across all chapters, down 5.6% from October 2021 which had 31,053 new filings. Total commercial filings across all chapters were 1,563, down 10.3% over October 2021, which had 1,743 new filings.

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy LLC, a leading integrated solar and storage energy service provider based in North Carolina.

Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Talen Energy Supply LLC ("TES") announced today that TES has obtained a financing commitment led by GoldenTree Asset Management LP and Silver Point Finance, LLC for a new first lien facility in the aggregate amount of $788 million maturing September 2024.

The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) announced its decision to name James F. Getz executive chairman and appoint Brian S. Fetterolf to serve as the company’s president and chief executive officer, effective January 1, 2022. Mr. Getz has served as chairman, president and CEO of TriState Capital since he founded the company in 2007.

BOK Financial CEO and President Steven G. Bradshaw will retire as of Dec. 31, 2021. Chief Operating Officer Stacy Kymes, who was previously announced as the incoming president and CEO, will assume the company’s leadership role as of Jan. 1, 2022.

Leading global professional services firm Alvarez & Marsal (A&M) has appointed Devang Shah as Senior Director in the Digital and Technology Services practice within its Corporate Performance Improvement (CPI) group. Mr. Shah’s hire advances A&M’s digital and technology bench strength for helping clients maximize value amidst post-pandemic and constrained labor market challenges.

SLR Investment Corp. (NASDAQ: SLRC) (“SLRC”) and SLR Senior Investment Corp. (NASDAQ: SUNS) (“SUNS”) today announced that they have entered into an agreement to merge together, with SLRC as the surviving company, subject to stockholder approval and customary closing conditions. The Boards of Directors of both SLRC and SUNS, on the recommendation of their special committees consisting only of the independent directors, have unanimously approved the transaction.

Diamond Estates Wines & Spirits Inc. today announces it has entered into a Second Amended and Restated Credit Agreement (“SARCA”) with Bank of Montreal (“BMO”). The SARCA folds in the previous BMO facility of the Equity Wine Group and its subsidiaries (collectively “EWG”) with the Company’s existing BMO credit facility.

Bridge Bank today announced its Technology Banking Group has provided strategic funding to ShipHawk, which provides advanced fulfillment software with expert guidance for high-volume retail, wholesale and e-commerce companies. The funding commitment includes venture debt and a recurring revenue line of credit. ShipHawk plans to use the funding to continue development of its packing and shipping platform as well as new product innovations as demand grows for shipping services.

Capstone announced it has created a white paper to assist its clients and associates to benefit from the types of projects that have been authorized by the Infrastructure and Jobs Act (IIJA) which was signed by President Biden on November 15, 2021.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced that it has expanded its senior secured credit facility for Mersino Management, providing an additional $10.0 million of borrowing capacity. Mersino is a leading provider of pumping and dewatering services.

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for an Oklahoma-based environmental compliance firm serving diverse industries such as agriculture, oil and gas, mining and municipalities. Following an increase in demand, the proceeds were used to support the company’s growth.

Snarled supply chains and the spread of the delta variant combined to reduce the RSM US Middle Market Business Index to 129.7 in the final quarter of the year from a peak of 143.7 previously. An easing was to be anticipated, though, and the current reading is in line with the pre-pandemic score of 126.2 in the final quarter of 2019.

TradeCap Partners (“TradeCap) announced the recent closing of a $15 million Purchase Order Funding facility for an importer of oil country tubular goods selling to large end users and distributors throughout the United States. The client was referred to TradeCap by its existing bank when the size of their capital needs exceeded the banks internal lending limits.

Winston & Strawn LLP represented Citigroup Global Markets Inc., in connection with its role as buy side advisor to ArcLight Clean Transition Corp. II (Nasdaq: ACTD), a publicly-traded special purpose acquisition company, in connection with a business combination with OPAL Fuels LLC, a leading vertically integrated producer and distributor of renewable natural gas (RNG) with a diversified revenue and customer base in 42 states.

Building and opening stores is taking longer than ever due to permitting backlogs at many municipalities, but retailers can expedite store buildouts through some careful planning, writes Jon Graub, a Principal at A&G Real Estate Partners, in a Nov. 29 “Expert Viewpoints” column for Chain Store Age Online.

Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of System 3 by CMI Group (“CMI”). CMI is an existing portfolio company of Gallant Capital Partners. Founded in 1972 and headquartered in Phoenix, AZ, CMI is a leading manufacturer of critical components for engines, APUs, fuel and fluid systems, gears, hydraulics, and valves for the majority of commercial, military and business jet platforms serving the aerospace and defense industry.

Orbit Garant Drilling Inc. (TSX: OGD) ("Orbit Garant" or the "Company") today announced that it has reached an agreement with National Bank of Canada on certain amendments to its amended and restated credit agreement dated March 8, 2021 (the "Credit Facility").