TSL Express Daily Articles & News

JPMorgan Chase Bank, N.A. (“JPM”) and KKR Capital Markets LLC (“KCM”) (together, the “Lead Arrangers,” each in such capacity, a “Lead Arranger”) will act as a joint lead arranger and bookrunner.

Maxim Commercial Capital (“Maxim”) saw increased demand across all lending programs during the third quarter 2021. Contractors nationwide are purchasing heavy equipment in response to a surge in infrastructure projects and the active construction industry.

Fast AR Funding provides a quick factoring facility for a rapidly growing staffing company during the pandemic.

Briar Capital Real Estate Fund ("BCREF") (www.BriarCapital.com) is pleased to announce a new $6.75MM real estate term loan to a toy manufacturer and distribution company located in the Northeast United States. The COVID Pandemic had created challenges with the company’s retail distribution network as many of the stores supplying their product experienced closures, some permanently.

GA Global Partners, the wholesale and industrial subsidiary of B. Riley Retail Solutions, today announced it will conduct a public auction of the contents of the Wardman Park Hotel in Washington, D.C. in connection with the recent closure of the landmark hotel. The two-day event takes place on Wednesday October 27 and Thursday October 28, 2021.

Eastern Bank is pleased to announce The GEM Group, Inc. as a new asset-based lending customer. Founded in 1958, The GEM Group, which goes to market under the brand name Gemline, is an award-winning supplier of high-quality branded products to the promotional products industry.

Trinity Capital, a division of Citizens Capital Markets, Inc., served as the exclusive financial advisor to CLC Northwest, Inc., and affiliates, a Taco Bell and KFC franchisee with 43 restaurants in Washington, Idaho and Montana. CLC Northwest sold its 18 Eastern Washington and six Billings, Montana, area Taco Bell restaurants, including the underlying real estate at seven locations.

BlueVine, the leading provider of innovative financial services for small businesses, today announced the appointment of Mira Srinivasan as its Chief Risk Officer. In this position, Mira will build on the strong foundation of BlueVine's current Risk team and further improve underlying policies, customer experience, and risk models and underwriting. She will report to Steve Allocca, COO at BlueVine.

The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.

Ampla Technologies (together with its affiliates, “Ampla” or the “Company”), a leading provider of tech-enabled financing solutions for emerging consumer brands, today announced it has raised $250 million through its entry into a credit facility agreement with Atalaya Capital Management LP (“Atalaya”), a New York-based alternative asset management firm.

Alternative Finance Network (AFN), an independent financing network serving cannabis and hemp companies in the U.S. and Canada, announced today that it is bringing new Merger & Acquisition (M&A) financing options to cannabis companies as the M&A market continues to soar in the cannabis space.

Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the merger of Recycled Plastics Industries, LLC (“RPI”) and Highwood USA, LLC (“Highwood”) by private equity sponsors, Kaho Partners and Nassau Point Investors. The company will operate under the name Premier Outdoor Living.

Transformative Pharmaceutical Solutions (“TPS”) is a specialized provider of human capital and proprietary software solutions for the management and execution of clinical trials to the pharmaceutical industry. TPS was founded in 2015 by Daniel Perlman, who has an established track record of building industry-leading companies and pioneering innovative solutions to the clinical trial practice.

Winston & Strawn LLP represented Triple-S Steel, a Houston-based steel service center that provides steel products and steel fabrication services to customers in North America, Central and South America, and Asia, in connection with its acquisition of BMG Metals, a distributor of steel and aluminum and associated metal processing services, from Descours and Cabaud Inc., a French Industrial and Steel Distributor.

King & Spalding has added a six-partner team to its Global Human Capital and Compliance (GHCC) practice, with Tom Ahlering, Anne Dana, Gina Merrill, Jenny Neilsson, Jesse Pauker and Pete Wozniak joining across the firm’s Chicago and New York offices.

Winston & Strawn is representing Dune Acquisition Corporation (Nasdaq: DUNEU, DUNE, DUNEW) (“Dune”), a special purpose acquisition company, in connection with its definitive agreement for their business combination with TradeZero Holding Corp. (“TradeZero” or the “Company”), which through its U.S. and Bahamas based broker-dealers offers a next-generation trading platform targeting the global active trader community, which would result in TradeZero becoming a publicly listed company.

With the acquisition of Continental Central Credit, Monterey will broaden its customer base and give the former Continental clients the gold star level of service and integrity they are used to with the added value of Monterery’s advanced technological practices.

Rosenthal & Rosenthal, Inc., one of the leading factoring, asset based lending and purchase order financing firms in the U.S., today announced the completion of a recent $5 million joint factoring, inventory funding and purchase order financing facility to support the growth capital needs of a Georgia-based manufacturer and distributor of office furniture and products.

TD Bank, America's Most Convenient Bank® announced today that it has expanded its collaboration with Autobooks to add invoicing as a feature to its TD Business Simple Checking, making it easier for small and micro businesses to process invoices and get paid faster. With this collaboration, TD Bank is one of the first major financial institutions to provide this tool and make it a standard part of the digital banking experience.

SG underwrote the real estate as well as the outside personal assets of the Guarantor. Given the location and liquidity of the underlying real estate collateral, coupled with the strength of the Guarantor's personal balance sheet, SG was comfortable providing a high LTV loan. SG moved quickly to meet the timing constraints and closed within three (3) weeks from executed term sheet.