TSL Express Daily Articles & News

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "Trinity" or "Company"), a leading specialty lender providing debt and equipment financing to growth-stage companies, continues to make strides in the venture ecosystem. The Company today announced the addition of Ryan Thompson as Managing Director, Origination in Austin, Texas. A seasoned executive, Mr. Thompson has been in the venture ecosystem with over a decade of experience, focused on supporting venture capital-backed growth stage companies.

Business owners are feeling optimistic about the near-term future of their businesses amid increasing vaccination rates, and those who report that more than three-quarters of their workforce has been vaccinated are the most positive about their business outlook. This includes expectations for higher demand, sales and profits than companies reporting a lower rate of employee vaccination, according to PNC's semi-annual national small business survey, which concluded Aug. 31.

Winston & Strawn represented GenNx360 Capital Partners ("GenNx360"), a New York City-based private equity firm investing in middle market business-to-business industrial and business services companies, in its majority investment in Whitsons Culinary Group

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the U.S., today announced additional leadership appointments for several more of the firm’s professionals, following the recent announcement of changes to its executive leadership team.

SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Scott Ashby has joined the firm as Managing Director, Head of Capital Markets and Investment Banking, Senior Deputy President. In this role, he will oversee several business functions within the Capital Markets and Investment Banking division, working closely with the firm’s product and coverage teams to help drive further growth and maximize future client opportunities.

Wishpond Technologies Ltd. (the "Company" or "Wishpond") (TSXV: WISH) (OTCQX: WPNDF), a provider of marketing focused online business solutions, is pleased to announce it has entered into a new credit facility pursuant to the terms of a credit agreement entered into between the Company and National Bank of Canada's Technology and Innovation Banking Group ("NBC") that provides for a 6 million dollar secured revolving operating line (the "Credit Facility"). The Credit Facility is undrawn as of today's date.

The credit facility was arranged by Morgan Stanley as lead arranger and administrative agent, Barclays Bank and RBC Capital Markets as syndication agents, and The Bank of New York Mellon as documentation agent. Other lenders participating in the syndicate were Bank of America and JP Morgan.

The Amended Credit Facility was arranged by KeyBank National Association, as administrative agent, KeyBanc Capital Markets, Inc., BMO Capital Markets and Citizens Bank, N.A., as lead arrangers and co-book runners, BMO Capital Markets and Citizens Bank, N.A., as co-syndication agents, and the lenders party thereto.

or the ninth time, equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc., has made the Business North Carolina Mid-Market Fast 40 List.

Winston & Strawn represented SAITECH Limited ("SAITECH" or the "Company"), a Eurasia-based energy saving bitcoin mining operator that engages in the hosting of bitcoin mining machines for its clients, in connection with its definitive business combination agreement with TradeUP Global Corporation (Nasdaq: TUGC for Class A ordinary shares; TUGCU for units) ("TradeUP Global"), a publicly traded special purpose acquisition company, that will result in SAITECH becoming a publicly listed company on NASDAQ under the new ticker symbol "SAI".

– LBC Small Cap, an affiliate of LBC Credit Partners, provided senior secured credit facilities to Premium Service Brands (“PSB” or the “Company”), a Charlottesville, VA based multi-brand franchisor and portfolio company of Susquehanna Private Capital (“SPC”). The investment will support PSB’s acquisition of The Grout Medic, a 67-location tile and grout cleaning and restoration franchise.

Siena Healthcare Finance recently provided a $12.0MM working capital facility for a private equity backed, multi-state provider of specialty pharmaceutical, infusion and nutritional therapy services for patients with chronic illnesses and health issues.

Zio Studio Services (“Zio” or the “Company”), the leading provider of one-stop-shop production equipment rental services, has been acquired by Hudson Pacific Properties (“Hudson Pacific”) alongside an acquisition of Star Waggons. Zio’s founder, Louis Dargenzio, and the rest of the management team will continue to lead and operate the Company. FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to Zio.

TD Bank, America's Most Convenient Bank®, announced today that its New England Education, Not-for-Profit and Government Finance Group closed $43 million in financing to support building expansions within the University of Maine System (UMS).

White Oak Real Estate Capital (“WOREC”) announced today that it has provided a $28.45 million senior secured loan to 1784 Capital Holdings for the development of a Class-A self-storage facility in the city of Goleta, California. The deal marks the business’ first loan since WOREC launched as an affiliate of White Oak Global Advisors in July 2021.

CIBC Innovation Banking is pleased to announce the opening of its new office in London to support the ambitions of UK-based entrepreneurs and their Venture Capital-backers by providing growth capital across a number of innovation ecosystems.

Crossroads Systems, Inc. ("Crossroads")(OTCQX: CRSS), a holding company focused on investing in businesses that promote economic vitality and community development, announced today a merger with Rise Line Business Credit, LLC ("Rise Line"), a nationwide asset-based lending firm that provides innovative working capital solutions.

J.P. Morgan Private Capital today announced the appointment of Luke Sikora as a Partner of its Growth Equity Partners platform. Mr. Sikora will serve as a member of the Investment Committee and help lead the platform's investing efforts on the West Coast.

Gerald Group ("Gerald"), the world's largest independent and employee-owned metals trading house is pleased to announce the successful refinancing of Gerald's North American trading hub GT Commodities LLC's ("GTC") Borrowing Base Facility ("BBF") closed at US$450 million.

Corium, Inc. (Corium), a commercial-stage biopharmaceutical company leading the development and commercialization of novel central nervous system (CNS) therapies, today announces that it has closed on a $235 million term loan agreement with Hercules Capital, Inc. (NYSE: HTGC), a leader in specialty financing for life science and technology companies. Corium will receive an initial tranche of $100 million, and the remaining funds will be available in three additional tranches upon the achievement of certain pre-defined milestones.