TSL Express Daily Articles & News

Greenbox Capital CEO, Jordan Fein, said, “We are thrilled to have Level Up Funding join our organization. Their founders and key staff are a wealth of industry knowledge. The acquisition will immediately impact growth and the unique selling proposition that we offer our clients. We’ll continue to make strategic moves to scale, which includes synergistic acquisitions to further distance ourselves from our competitors. Level Up is the first of many to come.”

Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Prospect has funded total commitments of $202 million, comprised of a $49 million first lien senior secured floating rate term loan and a $153 million second lien senior secured floating rate term loan to support the refinancing of PGX Holdings, Inc. (“Progrexion”) a portfolio company of H.I.G. Capital, LLC (“H.I.G.”).

TD Bank, America's Most Convenient Bank®, announced today it has appointed Hugh W. Allen Regional President for its Mid-South Metro, which includes Virginia, Maryland, the District of Columbia, Delaware, North Carolina and South Carolina. In this role, he will provide strategic direction and sales leadership to TD Bank’s Mid-South consumer, small business, commercial and specialty banking operations and lending services. Allen, who will be based in Charlotte, will lead a team of approximately 4,400 regionally based employees and a network of nearly 130 stores.

Cantor Fitzgerald Income Trust, Inc. (CFIT), an institutionally managed NAV REIT, announced that its wholly owned operating partnership secured a new $100 million revolving credit facility with an accordion feature up to $200 million. The credit line will be used for general corporate purposes and to fund new portfolio investments.

The Hercules team would like to sincerely thank its diversified group of innovative entrepreneurs and seasoned operating executives and their venture capital partners and financial sponsors for their continued support. Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has originated more than $1.0 billion year-to-date in annual total debt and equity commitments for the fourth consecutive year.

TAB Bank is pleased to announce it has provided a chemical manufacturer in Texas with a $9 million asset-based credit facility comprised of a $6 million accounts receivable and inventory line plus a $2 million equipment loan with additional equipment funding available for future CapEx needs. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Deutsche Bank Securities Inc. acted as sole financial advisor to EisnerAmper and has provided committed debt financing in support of the transaction.

Alston & Bird client Sole Source Capital LLC, an industrial-focused private equity firm, has acquired I.D. Images, a premier provider of product identification solutions offering one of the most comprehensive selections of labels in the industry. Founded in 2016, Sole Source focuses on investments in fragmented, high-growth industrial subsectors.

The company is a family-office backed provider of mental and behavioral health services catering to Medicaid patients.

Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced that David Maiuri has joined the bank’s Capital Finance division as Director, Commercial Services – Portfolio Management. He will report to James Bodie, Managing Director, Commercial Services at Sterling.

Accord's newest client is a bottler and distributor of spring water with over two decades of experience in the industry.

LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, today announced that Coface Singapore Branch has joined its LiquidX 360 digital platform. The state-of-the-art tech platform offers enhanced operational efficiency and transparency for all participants in the trade credit insurance market, including carriers, brokers, and policyholders.

Winston & Strawn represented Oppenheimer & Co. as sole underwriters counsel in connection with Williams Rowland Acquisition Corp. (the “Company”), a newly organized blank check company incorporated as a Delaware corporation and led by Co-Chief Executive Officers, David “Tiger” Williams and Jonathan Rowland, in its initial public offering of 20,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of the common stock of the Company and one-half of one redeemable warrant.

BizCap® (Business Capital since 2002) structured and secured $10 Million in real estate financing for Deerfield Ranch Winery (DRW), an award-winning organic winery producing 15,000 cases annually. Family owned and operated since 1982, DRW is located in the heart of Sonoma Wine Country with a unique wine cave tasting room experience and production facility located on 47-acres with frontage on the scenic Sonoma Highway – one of the most traveled wine country roads in the world with some of the most well-known and sought-after wineries.

Cantor Fitzgerald Income Trust, Inc. (CFIT), an institutionally managed NAV REIT, announced that its wholly owned operating partnership secured a new $100 million revolving credit facility with an accordion feature up to $200 million.

Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that, under its senior secured superpriority debtor in possession term loan facility ("DIP Facility"), the Company needs to deliver final valuation materials to its DIP Lenders in advance of filing a Plan of Reorganization.

Hilco Redevelopment Partners names two new scholarship recipients to local residents of Chicago’s Little Village community, continuing its commitment to support local students for the third consecutive year.

J D Factors announced it has provided the following factoring facilities: $100,000 to a transportation company in Tennessee, $200,000 to a transportation company in New Jersey, $150,000 to a temporary staffing company in Arizona

July was a month of exponential growth for Marco Financial. Recently announcing an $82 million round, with a $100 million credit line, the young fintech is now adding to its roster of c-level executives: Sabrina Teichman as Chief Growth Officer and Prajwal Manalwar as Chief Product Officer.

SLR Capital Partners, LLC ("SLR" or "SLR Capital Partners") today announced initial closings of its healthcare direct lending funds (together "SLR HCLF" or the "Fund"), securing over $480 million in equity commitments, reaching SLR's initial target.