TSL Express Daily Articles & News

Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that it has amended its existing credit agreement with its lending group, led by BMO Harris Bank N.A., to modify various aspects of the agreement

Sterling National Bank, the principal subsidiary of Sterling Bancorp (NYSE: STL), announced that Kevin Henry has joined the bank’s Capital Finance division as Managing Director, Commercial Services - Originations. He will report to Michael Haddad, President, Capital Finance at Sterling.

2020 was a landmark year for Paladin as the fast-growing consultancy guided a number of middle-market companies through a multitude of challenging financial, operational and strategic transitions in an unprecedented economic environment. Their commitment and dedication have been recognized by the Global M&A Network in their annual Turnaround Atlas Awards, honoring the best value-creating transactions, outstanding firms, professionals and leaders from the global restructuring, insolvency, and distressed investing communities.

B. Riley Advisory Services, a leading valuation and financial consulting firm, and a subsidiary of B. Riley Financial (NASDAQ: RILY), today announced it was named a top law services provider in the Daily Report (Law.com) “Best of 2021” ranking. B. Riley earned first-place in multiple categories including Top Forensic Accounting Firm, Top Litigation Valuation Firm, and Best Overall Expert Witness Services.

Tradewind Finance is pleased to announce that Kevin Gillespie has joined the firm as Vice President, Sales based out of Pittsburgh, PA. Gillespie brings years of experience in the factoring and larger finance industry to the role, where he will be responsible for driving business growth.

Ares Management Corporation (NYSE: ARES) announced today that funds managed by Ares have committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector. Ares employs a global flexible private capital strategy that invests in both debt and equity investments, including senior debt, junior debt, preferred equity and minority equity while leveraging its relationships and capabilities across the Ares platform.

LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance today announced that its Singapore entity, LiquidX Insurance Services (Singapore) Pte. Ltd. (LISS), has received approval from the Monetary Authority of Singapore (MAS) to offer insurance brokerage services in the country. Alex Bursak, Director and Regional Head of Insurance Asia Pacific at LiquidX, was named Director of the program.

Gordon Brothers, the global advisory and investment firm, has provided Malouf Companies™ with financing to fund its continued extraordinary progress. Malouf Companies™ experienced extreme growth based on their abilities to capitalize on consumer demand during the pandemic. The multi-industry corporation was able to expand all sectors of their lifestyle- and wellness-focused company, which includes a total network of 55 brands and businesses. Malouf Companies™ will use the proceeds to support numerous strategic initiatives as it continues to build its status as a pioneer in the home sector.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $27.5 million senior credit facility to Cascades Healthcare (“Cascades” or “the Company”), an owner and operator of long term care facilities. The funds were used for the acquisition of four skilled nursing facilities (“SNFs”) located in Texas containing 647 licensed beds.

ABM (NYSE: ABM), a leading provider of facility solutions, announced today it has amended its senior, secured credit agreement. The upsized credit facility totals $1.95 billion and consists of a $1.3 billion revolving credit facility and a $650 million term loan and has a maturity date of June 28, 2026.

Wingspire Capital LLC (“Wingspire”) announced that it has provided a $50 million senior secured revolving line of credit to SG Credit Partners, Inc. (“SG Credit”) to support their growth trajectory. SG Credit’s broad credit lending platform, focused on serving lower middle market entrepreneurs, is unique with its ability to structure senior and junior debt transactions based on cash flow, working capital assets, equipment, real estate, intangibles, and personal assets individually or in a hybrid structure.

Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the refinancing of Argano, and support its’ recent acquisitions of SCMO2 and Arbela Technologies and future growth opportunities. Argano is an existing portfolio company of Trinity Hunt Partners.

The client is a 25-year-old functional service provider (FSP) in the health sciences industry, providing biostatistics, data science, and support during clinical trials. The client sought a line of credit for general working capital needs and a term loan to retire other debt obligations.

Angeles Equity Partners, LLC (“Angeles” or the “Buyer”) has announced the acquisition of Primus Aerospace (“Primus” or the “Company”) with financing provided by Stellus Capital Management, LLC (“Stellus”). FocalPoint Partners (“FocalPoint”) served as the debt placement agent to Angeles on the transaction.

For the second straight year, A&G Real Estate Partners—an advisory firm specializing in lease restructuring, real estate sales and auctions nationwide—was named ‘Real Estate Restructuring Firm of the Year’ at the 13th Annual Turnaround Atlas Awards, a virtual event held from June 23-25.

MetaBank®, N.A., an industry leading financial enablement company, announced the promotion of Christopher Soupal to Commercial Finance Division President. He will report to Brett Pharr, co-president and Chief Operating Officer of MetaBank. Soupal brings more than 20 years of finance and capital management experience to the new role. He will lead all aspects of Commercial Finance, including the Crestmark and AFS/IBEX divisions as well as commercial operations.

Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com/) closed on a $10,000,000 senior secured credit facility to the leading maternity apparel sister brands Motherhood Maternity and A Pea in the Pod within the Marquee Brands portfolio. The credit facility will be used for general working capital purposes and will provide the company with additional liquidity for future expansion to implement post-pandemic digital growth initiatives.

Sallyport is delighted to have been able to support a longstanding contact with $1,500,000 in accounts receivable finance to propel their wholesale business to the next level. The client needed funds to pay an overseas supplier for a large order, in full, prior to goods being shipped.

Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, today announced the addition of Joseph Birkholz to its team as Chief Risk Officer. Joseph joins Bridgewater with over 15 years’ experience in various enterprise risk management capacities. Joseph most recently served as Senior Vice President of Risk Operations at TCF Bank (nka Huntington Bank), where he led teams across operational risk, vendor risk and risk operations disciplines.

Agility Capital today announced it has provided follow-on financing to Violet Grey, a direct to consumer personal beauty platform. The Company’s unique value proposition is centered around its community of beauty experts. In addition to a best-in-class editorial team, the Company engages Hollywood’s leading beauty experts — a network of 150+ world-class makeup artists, hair stylists, estheticians, dermatologists, and celebrity influencers with a combined social reach of 23M+ — to test and approve their curation of the industry’s best products.