TSL Express Daily Articles & News

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has opened a new office in Miami, Florida to house its growing South Florida team. The team has a deep concentration in commercial real estate and financial services and strong expertise in transactions, turnarounds, and private client services. The office also has specialties in technology, healthcare, life sciences, hospitality, and government agencies.

Revolution Capital, the leading provider of factoring & cash-flow financing in Canada and the United States is continuing its strategic growth strategy by opening a new office in Kansas to service the American Mid-West. The office will be headed by Davinder Singh, formerly of Compass Funding Solutions.

Simi Capital (SC), a real estate investment firm focused on various equity and debt strategies, has acquired a Long Island industrial property for USD15 million in partnership with Cerberus Capital Management, a global leader in alternative investing with approximately USD55 billion in assets across complementary credit, private equity, and real estate platforms.

ohn Marshall Bank is pleased to announce Alice Williams as its new SVP, Commercial Lender. Alice has 39 years of experience in commercial banking, with almost half of her career spent at Truist Bank (formerly BB&T). Before joining John Marshall Bank, Alice served as the SVP, Market President of Truist Bank. She managed business clients with annual revenues up to $100 million.

Turning Rock Partners ("TRP" or "Turning Rock"), a New York-based private investment firm, is expanding its platform with key hires across the organization. Notably, TRP has hired Catherine Bonelli to be its new Chief Financial Officer (CFO). Bonelli brings more than 30 years of experience managing all aspects of finance, operations and regulatory reporting for financial institutions and asset management firms to the role.

n 11 November 2021, Kindred Group plc (Kindred) has signed a new EUR 216.7 million multi-currency revolving credit facility agreement with two Nordic banks. The new credit facility has an uncommitted accordion feature that permits, under certain conditions, an increase in total commitments up to EUR 325 million. The facility is committed for a tenor of three years, with a one-year extension option.

Flow Capital Corp. (TSXV:FW) (“Flow Capital”, “Flow”, or the "Company") announces that it has a US$1.5M investment into Kovo HealthTech Corporation (“Kovo”). The investment is expandable to US$7M under certain conditions. Kovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for US healthcare clinics, hospitals and private practices.

Winston & Strawn LLP represented Connecticut Pharmaceutical Solutions, Inc., a portfolio company of Tuatara Capital, L.P in its sale to Verano Holdings Corp., a leading multi-state cannabis company.

Just Energy Group Inc. (“Just Energy” or the “Company”) (TSXV:JE; OTC:JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers, announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has, among other things, approved (i) the extension of the stay period under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) to February 17, 2022 (the “Stay Extension”); and (ii) an amendment to the CCAA Interim Debtor-In-Possession (“DIP”) Financing Term Sheet (the “DIP Facility”) between the Company and the DIP lenders.

Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised E.J. Pope & Son, Inc. d/b/a Handy Mart (“EJP” or the “Company”) on the sale of its 36 petroleum marketing and convenience retail stores to GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp.

The Private Banking arm of Brown Brothers Harriman & Co. (BBH) is pleased to announce the addition of a new Corporate Advisory & Banking Officer, Ianni Palandjoglou. Ianni is joining the firm as a Senior Vice President and will be BBH's first full-time employee in the Houston market, where BBH has long been active in supporting private businesses and their owners.

Flagstar Bank has named Michael Adler as executive vice president and head of Wholesale Banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets, and non-consumer-facing areas such as foreign exchange/swaps.

On 11 November 2021, Kindred Group plc (Kindred) has signed a new EUR 216.7 million multi-currency revolving credit facility agreement with two Nordic banks.

Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging for consumer goods products, announced today that it completed an amendment to its existing senior secured credit facility which extends maturity dates by more than 3 years, increases the Company’s revolving loan facility from $1.2 billion to $1.5 billion and provides $1.0 billion in new term loans to refinance outstanding term and revolving loans used to fund the three recent acquisitions completed in 2021 and the acquisition of the dispensing operations of the Albéa Group in 2020.

MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced that the Company has entered into a Credit Agreement, providing a Term Loan B Facility (the “Facility”) of seven years in the aggregate principal amount of $435 million and a $50 million revolving credit facility.

Setting a goal to reduce greenhouse gas emissions to zero by 2050 will expand U.S. Bank’s environmental focus from its operations to all parts of its business. The company will measure, disclose and commit to zero net greenhouse gas emissions – including financed emissions – by 2050.

Bridge Bank today announced that it has issued an accounts receivable-based $4 million line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. The line of credit will be used to support working capital needs.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $50 million senior secured term loan with Kezar Life Sciences, Inc. (NASDAQ: KZR) (“Kezar” or “the Company”), a clinical-stage biotechnology company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders.

Exiger, the global market leader in tech and technology-enabled compliance and risk management solutions, announced today that it has received a $70 million senior credit facility from Monroe Capital, LLC ("Monroe") to support its continued growth. Founded in 2013 and headquartered in New York City, Exiger arms the world's largest corporations, financial institutions and government entities with technology-enabled and Software as a Service ("SaaS") solutions that allow a proactive approach to risk and compliance.

Harbor, a fintech company redefining international trade finance, announced an integration with Circle, a global internet finance firm that provides payments and financial infrastructure to businesses of all sizes and the principal operator of USD Coin (USDC).