TSL Express Daily Articles & News

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona. The portfolio, acquired by Cypress West Partners, consists of 14 medical office buildings encompassing nearly 150,000 square feet of rentable space. Ten of the facilities are located in Arizona and four are in Florida.

Rothschild & Co today announced that Bob Berry has joined its Global Advisory business in North America as a Managing Director in the Financial Sponsors Group. Mr. Berry brings more than three decades of investment banking and sponsor coverage experience to Rothschild & Co, where he will help manage and grow the firm’s relationships with private equity clients. He will be based in Boston.

Celtic Bank, a Utah-based industrial bank, expands its commercial loan offerings to technology companies that are not well suited for traditional loan products given the nature of their business models.

Harri, an enterprise Employee Experience platform built for service driven industries, announced that it has received a significant round of growth financing from Golub Capital as part of a broader funding round totaling $30m. The financing will be used to capitalize on the strong momentum in the large enterprise market, accelerate growth into new verticals, and further amplify Harri’s position as the leader in verticalized human capital and workforce management technology space.

International law firm Dorsey & Whitney LLP announced today that Lanier Saperstein has rejoined the Firm as a Partner in its Securities & Financial Services Litigation Practice Group. Mr. Saperstein has precedent-setting experience representing international financial institutions and corporations in litigation and regulatory matters in the United States. He has been recognized by leading publications for his work in international banking.

In a September 14 live webcast auction, Machinery Network Auctions, Inc. and Tiger Group are offering machinery and equipment from the now-shuttered Jefferson plant of global automotive supplier Toledo Molding & Die, Inc. Bidding on the equipment is already underway on Bidspotter and will go live at 10 a.m. (ET) on September 14.

BHI, a full-service commercial bank, announced that it has received its own assigned S&P credit rating. BHI USA has been rated A/A-1 with a stable outlook, similar to the credit rating for Bank Hapoalim in Israel, one of the world’s largest financial institutions with $170 billion in assets.

DLL, global asset finance company for equipment and technology has appointed of two key members to the U.S. Commercial Finance sales team: Mike Mekus and Marjorie Roy. Both leaders will bring valuable tenure and experience to DLL’s expansion in the recreation product and leisure lifestyle market.

Winston & Strawn represented Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory® Fitness, the heart-rate based interval training fitness franchise, in its acquisition of ten Orangetheory studios and the area development rights in Charlotte, including parts of North Carolina and South Carolina.

A California-based private label organic baby food manufacturing and co-packer needed a working capital line to increase volume in order to add additional product lines to their offering. They previously secured a credit facility based on real estate and machinery from their bank but a prospective AR lender that they were hoping to receive funding from backed out at the 11th hour.

Freeport Financial Partners, LLC (“Freeport”), a U.S. lower middle market direct lending manager, today announced the appointment of Stephanie Hartnett as Assistant Vice President, responsible for sourcing, structuring, and managing debt investments for the Freeport loan funds. Ms. Hartnett is based in Chicago.

VetCare Canada Inc. (“VetCare”) announced today that it has raised up to $175 million through a senior secured credit facility arranged by Northleaf Capital Partners (“Northleaf”). Northleaf acted as the sole lead arranger. This debt financing will support VetCare’s continued expansion across Canada to complement its existing network of practices in Alberta, British Columbia, Manitoba, Ontario and Quebec and to further strengthen its corporate and operational capabilities that support the Company’s practices and medical teams.

Mr. Peduzzi has over 34 years’ experience in banking and financial services, having most recently served as Senior Executive Vice President & Chief Financial Officer of a Pennsylvania community bank. During his five-year tenure, the bank grew from less than $1 billion in assets to over $3 billion, with 36 office locations throughout Pennsylvania. During this time, he has also served on the Board of Directors of the Pennsylvania Association of Community Bankers.

Sequential Brands Group, Inc. (“Sequential” or the “Company”) (NASDAQ:SQBG) today announced that it, together with its wholly-owned subsidiaries, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). Gibson, Dunn & Crutcher LLP and Pachulski Stang Ziehl & Jones LLP are serving as Sequential’s legal counsel. Stifel and its affiliate Miller Buckfire & Co. are serving as Sequential’s investment banker. ​

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that the Company's Canadian subsidiary has completed the second scheduled drawdown of US$30 million on its previously announced US$120 million Project Financing Facility ("Credit Facility") with an affiliate of RK Mine Finance (see news release dated January 4, 2021).

The economic impact of the global pandemic has yet to be seen in the health care industry, at least not in bankruptcy filings, as seen in the newest Polsinelli-TrBK Distress Indices Report. For the first time in more than 13 quarters, the Health Care Services Distress Research Index dipped below 100 points – an unprecedented drop in Chapter 11 filings for the commonly distressed industry.

Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) is pleased to announce an initial debt agreement for project financing for its Goose Mine on its 100%-owned Back River Gold Project (“Back River” or the “Project”) in Nunavut, Canada

Premier Health of America Inc. (TSXV: PHA) (the “Corporation” or “Premier Health”), a leading Canadian Healthtech company, announces it has negotiated the provision of two senior secured credit facilities by Royal Bank of Canada (“RBC”) for a total amount of up to C$27,00,000 (each a “Credit Facility”).

MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, today announced that it has secured an expanded credit facility with M&T bank in the amount of $10.5 million for the purpose of acquisition financing at an interest rate of 3.5% above one-day LIBOR.

Old Point National Bank (Old Point) has expanded its Richmond, Virginia team with the addition of three new Commercial Relationship Managers. Robert Campbell has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Katherine Wagner has been appointed Senior Vice President and Senior Relationship Manager with Old Point's Richmond Commercial Lending Team. Ian Splisgardt has been appointed Assistant Vice President and Relationship Manager with Old Point's Richmond Commercial Lending Team.