TSL Express Daily Articles & News

In addition to United States Rep. Luetkemeyer, this includes Reps. Barr (Financial Services), Garcia (Appropriations) and Meuser (Small Business) and Mr. Daniel Krupnick, Senior Advisor to SBA Administrator Isabel Guzman, who have all indicated support for our position that the EDIL program should be terminated and, at a minimum, fixed to address the inequities in the administration of the program.

Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced that Raymond Fattell has been named Head of Transaction Banking Americas. In this position, Mr. Fattell will lead the Transaction Banking business in the United States, Latin America, and Canada, responsible for Product Management, Sales, Client Delivery, Risk and supporting functions including Strategy, Client Training, and Marketing.

Dorsey & Whitney has boosted its Cross-Border and Merger & Acquisition Practices with two experienced attorneys in its New York office. Michael Budabin has joined as a Partner along with Marc Kushner as a Partner and Head of U.S. M&A under the leadership of M&A Co-Chairs Bill Jonason and Layne Smith. Kushner and Budabin are well-known and well-respected cross-border mergers & acquisitions attorneys and have particular expertise in transactions involving representations and warranties insurance (RWI). Budabin will also serve as head of Dorsey’s new Transactional Risk Insurance Group.

Gordon Brothers, the global advisory, restructuring and investment firm, has provided SPM Toys Trading GmbH a secured term loan to purchase the intellectual property rights and assets of German retailer Spiele Max GmbH.

BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.

eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative finance provider for small and medium-sized businesses, today announced the issuance of a $6,500,000 asset-based lending credit facility to a California-based food and general products distributor.

Winston & Strawn represented Vahanna Tech Edge Acquisition I Corp. (the “Company”) in its initial public offering of 20,010,000 units, including 2,610,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit. Vahanna Tech Edge Acquisition I Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Austin Financial Services, Inc. (AFS) recently funded a $1,500,000 ABL credit facility comprised of an AR revolver. Based in the Southeast region, the Company operates as a billing services company providing services for the oil/gas exploration and production industry.

MidCap Business Credit announced today they have closed on a $6,000,000 asset-based credit facility for a Camwood Capital Group portfolio company, Texas Contract Manufacturing Group (“TCMG”), and TCMG’s wholly owned subsidiaries, Lor-Van Manufacturing, Inc., and Apex Machining, Inc.

Greystone, a leading national commercial real estate finance company, has provided an $8.3 million bridge loan for the acquisition of The Reserve Apartments, an 87-unit multifamily property in Colorado Springs, CO. The transaction was originated by Dale Holzer, Managing Director at Greystone.

mCloud Technologies Corp. (TSXV: MCLD) (NASDAQ: MCLD) ("mCloud" or the "Company"), a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions, announced today it is amending its credit facility with ATB Financial ("ATB").

Waterstone Human Capital, Canada's leading cultural talent management firm, has announced the 2021 winners of the Canada's Most Admired Corporate Cultures™ and Canada's Most Admired CEO™ program. This national program recognizes best-in-class Canadian organizations and CEOs for fostering high performance corporate cultures that help sustain a competitive advantage. Mitsubishi HC Capital Canada (Trois-Rivieres, QC) won under the Canada's Most Admired™ Corporate Cultures of 2021 – Growth category.

KBR (NYSE: KBR) announced today that on November 18, 2021, the company successfully closed the fifth amendment to its credit agreement dated April 25, 2018, as previously amended. Following a strategic shift in the company's business mix, consistent performance against long-term financial targets, improvement in corporate credit ratings, and the continued resolution of legacy matters, the amendment measurably improves the company's flexibility and reduces its debt service cost.

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas. Located in the Greater Houston power market Brazoria West Solar Project is a utility-scale solar project with 260 megawatts of direct current generation capacity. Construction is underway, with commercial operation planned for 2022.

Gordon Brothers, the global advisory, restructuring and investment firm, and J.P. Morgan have agreed to provide Myer a A$215 million, four-year asset-based lending facility to refinance its existing credit facilities, support strategic initiatives and provide day-to-day liquidity.

Assure Holdings Corp. is pleased to announce that it has entered into an amending agreement dated March 8, 2021, with Centurion Financial Trust, an investment trust managed by Centurion Asset Management Inc. in respect of the Company’s $11,000,000 credit facility with Centurion comprised of a $9,000,000 senior term loan, funded in two tranches of $6,000,000 and $3,000,000, and a $2,000,000 senior revolving loan.

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47 billion.

eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, has named Kash Ahmad as Managing Director to oversee eCapital’s newly formed Staffing Division. He will report to Dave Ciccolo, the CEO of eCapital’s Commercial Finance Division, and will lead the account management and operations teams to support the growth of the company’s staffing business.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of the assets of Rusher Oil Company and Rushco Food Stores, Inc. to Sampson-Bladen Oil Co., Inc. and its affiliates. Rusher Oil Company distributed Amoco and BP fuels to 19 branded convenience stores and one commissioned marketer location within a 20-mile radius of its Salisbury, North Carolina headquarters.

Stran & Company, Inc. ("Stran" or the "Company") (NASDAQ: STRN; STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced it has entered into an agreement with Salem Five Bank, providing the Company with a secured revolving line of credit with a principal amount of up to $7 million.