TSL Express Daily Articles & News

Harrow Health, Inc. (Nasdaq: HROW), an ophthalmic-focused healthcare company, and Melt Pharmaceuticals, Inc., a clinical-stage pharmaceutical company developing first-in-class medicines for sedation and analgesia, today announced that Harrow Health has provided a $13.5 million senior secured loan to Melt Pharmaceuticals.

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced today several strategic promotions across its executive leadership team to further support the Company’s continued growth and scale

Wells Fargo & Co (WFC.N) said on Friday that Perry Pelos, the chief executive officer of its commercial banking unit, will retire from the company in April. Kyle Hranicky, the head of Wells Fargo's middle marketing banking unit, which is housed within the commercial banking unit, will succeed Pelos, effective immediately.

In August 2021, they closed a total of $45M in new deals across both consumer and commercial asset classes, various positions within the capital stack.

Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV: VRY.V) is pleased to announce execution of definitive agreements on a series of financing transactions previously announced on November 25th, 2020 (the "Transactions") which refinance existing debt on significantly improved terms, through a structure which includes a new US$5 million debt facility.

Gold Royalty Corp. ("GRC") (NYSE AMERICAN: GROY) is pleased to report the signing of a commitment letter with the Bank of Montreal ("BMO") for a fully underwritten US$10 million revolving credit facility ("Facility") with an accordion feature allowing for an additional US$15 million subject to certain conditions.

Kane Biotech Inc., today announces that it has entered into an amended and restated credit agreement with Pivot Financial Inc. (“Pivot”) dated August 31, 2021 (the “Amended Credit Facility”). The Amended Credit Facility amends and restates the existing credit agreement with Pivot dated November 5, 2020, increasing the credit facility to $2.5 million from $1.48 million.

TransPerfect, the world's largest provider of language and technology solutions for global business, today announced that it has refinanced its existing credit facility with a new $500 million credit facility (consisting of a $250 million term loan and a $250 million revolving credit line) that matures on August 27, 2026. The new credit facility replaces the company’s previous $450 million credit facility.

Maverix Metals Inc. ("Maverix" or the "Company") (NYSE: MMX) (TSX: MMX) is pleased to announce that it has amended its revolving credit facility (the "Credit Facility") and increased the amount available by $40 million to $160 million.

Cerebro Capital, a commercial loan platform, today released its Q2 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Lenders saw increased demand for credit because of the booming M&A market and the improving economy, according to the survey. At the same time, underwriting standards and loan terms continue to ease because of increasing competition among lenders.

Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed joint selling agent for high-quality ground support equipment formerly owned by Swissport Finland, in partnership with Liquidity Services. This specialised private sale presents the rare opportunity to acquire airport ground support equipment for cargo and people immediately.

GTT Communications, Inc. (OTC: GTTN), “GTT” or “the Company”, a leading global cloud networking provider to multinational clients, announced today that it has entered into a Restructuring Support Agreement (“RSA” or the “agreement”) with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a comprehensive restructuring of the Company’s remaining balance sheet following completion of the pending sale of its infrastructure division.

The syndicate of banks include National Bank of Canada, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia, and Bank of Montreal. The Credit Facility has a term of 4 years, maturing in September 2025. Currently, the Company has nothing drawn from the Credit Facility and, therefore, the full $160 million remains available.

Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Consolidated Equipment Group, LLC (“CEG”), a portfolio company of Dominus Capital (“Dominus”). CEG, a Minnesota-based company, is the leading designer, manufacturer, and marketer of attachments for skid-steers loaders, mini skid-steers, compact tractors, utility terrain vehicles, all-terrain vehicles, and other light-construction equipment.

Eastern Bank is pleased to announce Metropolitan Cabinets & Countertops (Metropolitan) as a new commercial banking customer. Founded in 1984, Metropolitan is a family run business that provides custom cabinetry and countertops to residential and commercial customers across New England. Metropolitan has grown from a three-person company into a leader in the cabinet and countertop industry with a 150,000 square foot manufacturing facility and four showrooms in Greater Boston.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that Daniel S. Hoverman has been appointed as Executive Vice President of Texas Capital Bank and Managing Partner and President of TCBI Securities, Inc., effective immediately.

Pasadena Private Finance, LLC (“PPF”) is pleased to announce that it has closed on a $30,000,000 senior credit facility with East West Bank, the largest publicly traded bank headquartered in Southern California, with an expertise in lending to specialty finance companies.

Davis+Gilbert LLP is pleased to announce that Timothy M. Gladden has joined the firm as a partner in the Corporate Practice Group. Mr. Gladden’s practice focuses on mergers and acquisitions, venture capital and private equity investments and securities transactions. He has substantial experience structuring, negotiating, and managing M&A transactions (buy-side and sell-side) across multiple industries.

HYPERAMS, LLC announced two upcoming online auctions for automotive component manufacturers Dura Automotive Systems and Shiloh Industries will take place in September 2021. The Dura auction, a two-day online event on September 9-10th, is a complete manufacturing facility featuring six Minster presses, from 150 tons to 600 tons, major stamping and roll forming equipment, secondary equipment, and items from the maintenance and tool and die shop of the company’s Moberly, Missouri plant. HYPERAMS previously conducted the two highly successful auctions at Dura’s Milan, Tennessee plant.

Fintech startup Marco, kicks off the week with the acquisition of new clients in Mexico & Ecuador, adding to its growing roster of Latin American SME clients. An Ecuadorian fruit exporter and a Mexican logistics company have partnered with the young fintech in order to expand their international trade finance facilities.