TSL Express Daily Articles & News

BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $7.5 million in growth financing for its client Elevate Addiction Services, a national leader and innovator in drug and alcohol rehabilitation.

CNH Finance is pleased to announce it closed more than $40MM in new committed facilities in the third quarter 2021. These results continue a trend of strong portfolio performance during 2021, having achieved growth in net funds employed to beyond pre-pandemic levels. CNH looks to build on the momentum in the fourth quarter and beyond with an active pipeline of quality opportunities presenting themselves across healthcare and affiliated sectors.

Accord simplified access to capital for a group of construction companies by providing an AccordExpress BCAP loan, in combination with a factoring facility.

J D Factors announced it provided the following factoring facilities: $200,000 to a transportation company in Connecticut; $150,000 to a transportation company in Texas; $100,000 to a transportation company in Manitoba; $150,000 to a transportation company in Arkansas...

An existing client recently connected us with a new apparel company that had the opportunity to experience significant growth with their US-made apparel line after receiving new orders from multiple national retailers. Unfortunately, they lacked the working capital to fulfill the orders.

Restaurants would do well to rethink their real estate in the wake of disruptive trends such as the labor shortage and the supply-chain crunch, writes Joe McKeska, a Senior Managing Director at A&G Real Estate Partners, in a Nov. 8 ‘Speakerbox’ column for Nation’s Restaurant News.

BHI, a full-service commercial bank, announced that it has appointed Michael Wadler as First Vice President, Commercial Real Estate. Wadler, a veteran banker whose career spans more than three decades, will be based in BHI’s Florida Representative Office.

Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that David Casassa has joined the Bank as Senior Vice President and Relationship Manager. He will focus on leveraging his extensive network in the North Bay to cultivate loans and deposits in the region.

Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced that it has entered into a $50 million delayed draw subordinated term loan facility (the "subordinated term loan") led by Corre Management Partners, LLC ("Corre Partners"). TEAM also announced that it has entered into an amendment of its Senior Secured Term Loan facility led by Atlantic Park Strategic Capital Fund, L.P.

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 effective November 9, 2021, it has entered into a new $100.0 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”).

Bank of America has named Al McRae as president of Bank of America Atlanta. McRae succeeds Wendy Stewart, who was recently named a member of the company's senior management team and the president of Global Commercial Banking.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), today announced its expansion into the state of Arizona with the hire of Kevin Gillette to build and lead the bank's newly formed Phoenix middle market banking office. Gillette is one of Arizona's top banking leaders with more than 25 years of experience helping banks establish and grow commercial and corporate offices across the region.

Wells Fargo & Company (NYSE: WFC) today announced that Priscilla Wallace has been named head of supplier diversity for the company. Wallace joined Wells Fargo last month and will report to Barb Kubicki-Hicks, chief procurement officer, with a dotted line to Kelley Cornish, head of Diverse Segments, Representation and Inclusion Program Management Office and Enterprise Initiatives.

First Horizon Corporation (NYSE: FHN or the "Company") today announced the appointment of Hope Dmuchowski as Senior Executive Vice President and Chief Financial Officer. She will serve on the Company's Executive Management Committee and report to President and Chief Executive Officer Bryan Jordan.

Elis, an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, today announces that it has successfully signed a new €900 million syndicated Revolving Credit Facility (the “RCF”) with a group of 13 core relationship banks.

The new credit agreement consists of a $1.5 billion five-year amortizing term loans and a $1.75 billion five-year committed revolving credit facility, the company said in a statement.

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 $20 million senior secured term loan with PlateletBio (or "the Company"), a preclinical-stage biotechnology company pioneering an entirely new platform of allogeneic cell therapies based on platelet biology.

TAB Bank is pleased to announce it has provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Experiencing exponential growth prior and throughout the ever-changing environment arising from the pandemic, the client was in need of working capital from a lender that could facilitate its rapid growth. The client was introduced to Iron Horse Credit by a long-standing referral partner who trusted IHC’s ability to execute complex inventory-only facilities.

Concord Financial Advisors, LLC announced it served as exclusive financial advisor and arranger of a $6 million real estate mortgage for a real estate developer in the Midwestern United States.