TSL Express Daily Articles & News

TradeCap Partners recently closed a $2.5MM purchase order finance facility for a West coast-based consumer packaged goods company. The venture capital backed company partnered with a major wholesaler to contribute to Feeding America.

Jaguar Freight, a leading global freight forwarder and U.S-based NVOCC., together with King Trade Capital, the largest purchase order finance company in the U.S., have announced the addition of a new trade and purchase order finance solution to Jaguar’s portfolio of services.

FSW Funding, a Phoenix-based company that specializes in financing solutions for small and mid-size businesses, recently promoted Ashton Bennett to the position of Director of Operations. Bennett will oversee the management of the factoring and asset-based lending portfolio.

Bank of America today announced that it has acquired Axia Technologies, Inc. (“AxiaMed”), an industry-leading health care payment and technology company focused on facilitating secure patient payments. The acquisition will deepen and expand Bank of America’s payment offerings for healthcare clients and will further accelerate the bank’s ability to serve this key vertical. It is part of a broader initiative to integrate merchant services onto its proprietary platform following the dissolution of its merchant services joint venture last year. Terms of the acquisition were not disclosed.

Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, is pleased to announce the appointment of Dina DiLorenzo and David Rone, as Co-Presidents of Guggenheim Investments. Investment decisions will continue to be supervised and executed by investment personnel, as has been the case since our founding. Those activities are led by Scott Minerd, Guggenheim Partners Global Chief Investment Officer and Chairman of Guggenheim Investments, and by CIO of Fixed Income Anne Walsh.

Sidley Austin LLP is pleased to announce that Anthony Norris and Christopher Rile are joining the firm in New York as partners in its global M&A and Private Equity practice. They join from Ropes & Gray LLP, where they have been longtime partners in the firm’s private equity transaction group.

ING led a new $650 million syndicated secured borrowing base loan on behalf of the energy and wholesale marketing division of Pilot Company, one of the leading suppliers of fuel and the largest operator of travel centers in North America. The facility supports Pilot Company's oil product purchase and storage, energy and wholesale marketing, logistics and merchant activities. ING acted as the Sole Mandated Lead Arranger and Bookrunner, with participant lenders BNP Paribas, Rabobank, MUFG and Wells Fargo Bank N.A.

Avtech Capital, LLC ("Avtech" or the "Company") today announced the completion of a new credit facility with Capital One, N.A. The facility was established to provide additional liquidity to support the Company's growth strategies and diversify its funding model.

J D Factors announced it provided the following factoring facilities: $1,000,000 to a transportation courier company in California; $100,000 to a transportation company in Alberta; $300,000 to a transportation company in Illinois; $100,000 to a transportation company in Alberta...

Aurora Capital Partners ("Aurora"), a leading middle-market private equity firm, today announced the acquisition of Curtis Bay Medical Waste Services ("Curtis Bay"), an industry leader in medical waste collection, treatment and disposal services, from Summer Street Capital Partners.

Regions Bank on Thursday announced Caroline Taylor has joined its Corporate Banking group as senior vice president and head of Small Business Administration (SBA) Lending. Taylor brings extensive banking experience focused on meeting the financial needs of small businesses. Reporting to Timothy Monte, executive vice president and head of Credit Products for Regions, Taylor will be based in North Carolina while guiding services for Regions’ small-business clients across the South, Midwest and Texas.

WW International, Inc. (NASDAQ: WW) (the “Company”) announced today that it has completed the pricing and allocation of the previously announced $1.5 billion refinancing of its existing credit facilities and senior notes. The refinancing is expected to close on April 13, 2021, subject to customary closing conditions.

SLR Capital Partners, LLC ("SLR"), a leading commercial finance platform with expertise across cash flow and specialty finance senior secured financing solutions for U.S. middle market companies, announces that Phil Guerin, Senior Partner and Head of Originations, has been named Chief Marketing Officer. Additionally, Mr. Guerin has joined SLR's Investment Committee. We appreciate and recognize Mr. Guerin's leadership role in delivering the firm's full suite of financing solutions to its clients.

Fora Financial, a leading provider of flexible working capital to small- and medium-sized businesses nationwide, announced today the closing of a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the debt facility, which will give the company up to $150 million of borrowing capacity over the next two years.

Jennifer Rabinowitz has joined Ritchie Bros. as a National Strategic Accounts Manager in the Bankruptcy and Insolvency Group. She will be responsible for developing custom solutions for complex situations with regard to asset valuations and liquidations. Ms. Rabinowitz brings three decades of sales and marketing experience, with 20 years focused specifically in the financial services space.

Goulston & Storrs, an Am Law 200 firm, has promoted five attorneys to partner, Timothy John Carter, Brian W. Dugdale, George W. Evans, III, Philip E. Tedesco, and Megan Watts. "We are thrilled to elevate these five talented attorneys to director," said Bill Dillon, Co-Managing Director at Goulston & Storrs. "Each one has proven themselves invaluable to our firm and our clients, and we look forward to their continued success as members of our firm's partnership."

Burns & Levinson LLP has elected three attorneys – Caitlin Barrett, Laura Lee Mittelman, and Bryan Natale – to the firm's partnership effective April 1. "We are excited to welcome these three attorneys to the firm's partnership. They are all talented attorneys who have worked hard to reach this important milestone in their careers," said managing partner David P. Rosenblatt. "We look forward to their continuing contributions as partners for many years to come."

Ares Management Corp. said it has struck an agreement with a BrightSphere Investment Group Inc. subsidiary and Landmark Investment Holdings LP to buy Landmark Partners LLC, an investor that acquires secondary private fund ownership stakes, for $1.08 billion.

Neuberger Berman MLP and Energy Income Fund Inc. (NYSE American: NML) (the "Fund") announced today that it has amended its revolving credit facility (the "Facility") to increase the amount of available debt financing in order to bring it more in line with the Fund's current asset level. Under the amended terms of the Facility, the lender's total commitment increased from $50 million to $75 million, the commitment fee and spread-component of the interest rate were lowered and the duration of the Facility was extended, among other changes.

Full House Resorts, Inc. (Nasdaq: FLL) announced today that it has entered into an agreement for a five-year, senior secured revolving credit facility. The $15.0 million credit facility may be used for working capital, letters of credit, and other ongoing general purposes.