TSL Express Daily Articles & News

Chief financial officers are wrestling with new challenges and growing responsibilities in shorter time frames as CFO tenure decreases, according to findings from a new survey conducted by the Office of the CFO Solutions practice at FTI Consulting, Inc. (NYSE: FCN), in collaboration with Industry Dive.

FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a senior secured credit facility to Jason Wu, a high-end women’s luxury fashion brand headquartered in New York City. The Company is known for designing dresses for celebrities and collaborating with other high-end brands.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it closed on a senior secured term loan financing to a subsidiary of Perry Ellis International (“Perry Ellis” or the “Company”), an owner of well-established retail brands. Funding provided by Sound Point will be used to pay down the Company’s existing debt.

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that industry veterans Sebastien Burdel and Luca Salvato are joining as Partners in the Ares Secondary Solutions Group. They will work alongside Ares’ existing teams in both New York and London to directly originate new secondary market investment opportunities and leverage Ares’ substantial presence in the U.S. and Europe.

BMO Financial Group has expanded its commercial banking operations in Florida, announcing new leaders in South Florida, West Florida and Central/North Florida regions. The Florida commercial banking team will continue to be overseen by Marty McAndrew, BMO's Managing Director & Florida Market Executive, Commercial Banking.

Heightened political and regulatory scrutiny of large bank mergers and acquisitions (M&A) could lead to increased execution risk for future deals and for banks with in-process transactions, Fitch Ratings says. However, we expect small and mid-sized regional banks to continue to announce new deals despite growing regulatory scrutiny that could result in delayed closings or even the potential termination of deals.

Stephen Yu has been with the global management consulting firm since 2012, focusing on digital forensics, electronic discovery, data analytics and information governance. He is a senior member of the Investigations, Disputes and Risk practice, and leads AlixPartners’ digital forensics and discovery offerings across Asia Pacific.

Approaching 25 years in the asset-based lending industry, Simmons has held successful business development roles at First Capital, AloStar Capital Finance, Gibraltar Business Capital and most recently served as senior vice president with Webster Business Credit. His experience centers around originating and structuring senior secured credit facilities and equipment term debt for mergers and acquisitions, recapitalizations, turnaround and high-growth situations.

Dallas-based Reeder Land Development Company (“Reeder”), a division of Reeder Capital Partners, today announced it has secured a $100 million credit facility with New York City-based Fortress Credit Corp. (“Fortress”) to fund Reeder's master planned single family residential community development expansion initiatives throughout the Southeast and Southwest United States.

Amerisource Business Capital announced the closing and funding of a $2,000,000 real estate term loan for a Pennsylvania agriculture and snow removal equipment manufacturer. The proceeds were used to provide working capital for the company’s expected growth.

EisnerAmper LLP, the business advisory firm with a major presence in New Jersey, has announced that it named Danielle Barrs as the director of ESG strategic solutions. ESG is the firm’s Environment, Social and Governance group, which EisnerAmper launched last year to help companies evaluate and develop ESG strategies.

Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed Culper Capital Partners’ (“Culper”) investment in The Producto Group (“Producto” or the “Company”) with a senior secured first lien term loan and a minority investment in the common equity.

Hunter Point Capital (“HPC”), an investment firm focused on taking minority stakes in middle-market alternative asset managers, today announced a strategic investment in Iron Park Capital (“IPC”), a global alternative investment manager with deep experience investing across public and private credit markets.

Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing an $80 million senior secured credit facility (the “Financing”) to P.J. Whelihan’s Restaurant Group, (“PJW”), a Haddonfield, N.J.-based restaurant operator. The Financing was used to support the acquisition of PJW by Garnett Station Partners.

Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, will bring its institutional quality middle market lending capabilities to Canadian accredited investors. The initiative positions Blue Owl as one of the first U.S.-based private credit managers to offer direct lending capabilities to onshore Canadian investors.

Dorsey & Whitney continues to add talent with another significant hire in its New York office. Andrew Herr has joined as a Partner, in the Finance & Restructuring Practice Group, building on the recent additions of Partners Marc Kushner and Michael Budabin to Dorsey’s Cross-Border M&A Group.

Zions Bancorporation, N.A., through its Texas division, Amegy Bank of Texas, closed and funded an $8,000,000 credit facility for a wholesale distributor of steel products. The credit facility consisted of a multi-year revolving line of credit.

Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”) today is announcing that on December 31, 2021, the Company executed a sixth amendment to its Bank of America (“BOA”) Loan and Security Agreement (“Credit Facility”). Nortech entered into the original agreement on June 15, 2017 and it was set to expire on June 15, 2022. Nortech and BOA have agreed to renew the Credit Facility and extend the maturity date four years until June 15, 2026.

J D Factors announced it provided the following factoring facilities: $120,000 factoring facility to a transportation company in Illinois; $400,000 to a transportation company in Wyoming; $100,000 to a transportation company in Alberta and $400,000 to a transportation company in Manitoba.

Eclipse Business Capital LLC (“EBC”), formerly known as Encina Business Credit, announced it has provided an aggregate $142 million senior secured credit facility consisting of a $125 million revolving credit facility, a $5.5 million M&E term loan facility, and an $11.5 million real estate term loan facility to a global distributor of metals.