TSL Express Daily Articles & News

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, is pleased to announce Michael Bonsey has joined the bank as Chief Credit Officer. Bonsey’s charge is to maintain the standing of the bank’s credit portfolio, continue the development of its credit policies and procedures and uphold the quality of its lending portfolio.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Aviacode, a leading provider of outsourced medical coding services, to GeBBS, a ChrysCapital-backed technology enabled revenue cycle management (“RCM”) and risk adjustment solutions provider.

Amerisource Business Capital announced the closing and funding of a $3,000,000 senior credit facility for a North Carolina based industrial construction and trucking firm. The proceeds were to support the company’s ongoing growth.

Gemini Finance Corp. is pleased to announce that it has provided a $12.0 million purchase order financing facility to a healthy snack company. The California company needed approximately $5 million for its regular purchase orders and an additional $7 million for a national roll-out of its products by a multi-national retailer. The client required capital for raw materials, packaging, shipping, and co-packing expenses.

Lakeland Bancorp, Inc. (NASDAQ: LBAI) (“Lakeland” or the “Company”), the holding company for Lakeland Bank, today announced that it has priced an underwritten public offering of $150 million aggregate principal amount of its fixed-to-floating rate subordinated notes (the “Notes”) due 2031. Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler & Co. are acting as a joint book-running managers.

Nuula, a fintech company focused on small businesses, today announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile app, and a $100 million credit facility provided by funds managed by the Credit Group of Ares Management Corporation ("Ares") that will provide scale to the app's integrated credit product.

TAB Bank is pleased to announce it has provided a mechanical maintenance company in Fort St. John, British Columbia, Canada with a $2.5 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.

Jam City, Inc., a leading mobile entertainment company behind some of the world’s highest-grossing and most enduring mobile games today, announces it has completed the acquisition of award-winning mobile game studio Ludia Inc. from Fremantle for $165 million. Ludia’s growing portfolio of hit mobile games, including the Jurassic World games (Jurassic World: The Game, Jurassic World Alive) and upcoming DC and Disney titles

anielle Baron is appointed Global Head of Structured Finance. She reports to Jean-François Balaÿ, Deputy Chief Executive Officer of Crédit Agricole CIB and becomes a member of the Management Committee of the Bank. She was previously Global Head of Power & Utilities.

Ritchie Bros., a global marketplace for insights, services, and transaction solutions, announced today that its Chief Operating Officer, Jim Kessler, will take on the additional role of President, effective immediately.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas.

White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Brandon Hodges as Managing Director of Originations. Mr. Hodges will be based in Los Angeles with national ABL and Lender Finance originations responsibilities and will report to Vice Chairman Andy McGhee.

They included a $1,000,000 limit to a family office-backed supplier of component parts to the recreational vehicle industry; a $3,000,000 limit to a privately-owned importer and distributor of bulk sheet and coiled metals, a $1,000,000 limit to a major supplier of solar energy solutions;

CIT Group Inc. (NYSE: CIT) today announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business. In his new role, Vernède will largely be focused on CIT's lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment.

Gregory Bauer, a nationally recognized leveraged finance lawyer, joined the firm's finance practice today. Greg is based in Ropes & Gray's 100-lawyer Chicago office – a team known for "talented, sophisticated problem solvers" who "understand what is important to clients," according to Chambers USA in its 2021 guide. The firm continues to expand its leveraged finance practice in the Midwest, complementing a world-class team of private equity and M&A business advisers.

Theresa A. Driscoll, a partner at Moritt Hock & Hamroff, has been named by Long Island Business News as a member of its Top 50 Most Influential Women In Business for 2021. The award recognizes the significant contributions of women professionals to the region’s economy and to the communities in which we do business.

Sallyport is delighted to announce another early September funding - $1,000,000 accounts receivable finance for a startup business manufacturing sustainable, eco-friendly kitchenware. The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they've recently secured.

Genesis Bank (“Genesis” or the “Bank”), announced today the veteran leaders of each of the Bank’s lines of business, including Commercial Banking, Income Property Banking, Small Business Administration (“SBA”) and Government Lending, Private and Specialty Banking, and Treasury Management.

Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, today announced the final close of Crayhill Principal Strategies Fund II ("Principal Strategies II") with approximately $820 million of capital commitments.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Kiran Lulla has joined the firm’s Financial and Valuation Advisory business as a Managing Director in Transaction Advisory Services (TAS). He is based in Dallas and will focus on supporting the firm’s continuing build-out of its technology, media, and telecom (TMT) service capabilities in TAS.