TSL Express Daily Articles & News

LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured term loan facility to support the investment in iVision by CIVC Partners, in partnership with the existing management team. LBC served as Joint Lead Arranger for the senior secured term loan facility.

Versant Funding LLC is pleased to announce it has funded a $1,800,000 non-recourse factoring facility to a national distributor of sweets and treats.

Bank of America N.A. is the Administrative Agent and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Co-Syndication Agents. BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC were the Joint Lead Arrangers and Joint Book Managers.

Malfitano Partners continues to grow the resources available to help its clients with liability management and restructuring needs by expanding and entering into an exclusive strategic alliance with The Branford Group, a premier industrial asset valuation and monetization firm led by seasoned industrial experts, including Bill and James Gardner and Scott Lonkart.

Prestige Capital Finance, LLC is proud to continue funding PPE providers. In July alone, Prestige provided $7 million to two companies to fund the manufacturing and importing of masks, swab transport containers, disinfectant wipes and more.

Strategic Data Center Fund Manager, LLC (“Strategic Data Center” or the “Company”) today announced it has secured a revolving line of credit that converts into a permanent loan from Sunflower Bank. The credit facility will initially provide the ability to borrow up to $25,000,000. Over time, and subject to certain conditions, Strategic Data Center anticipates increasing the size of the facility to aggregate commitments of up to as much as $200,000,000. The Company believes the credit line will significantly enhance its ability to continue acquiring and developing a diversified portfolio of data center real estate assets within the U.S.

Enable Injections, Inc. ("Enable"), a company developing and manufacturing the enFuse® platform of investigational wearable infusion devices, today announced it has completed a credit facility for $25 million from Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide. The funds will support the scaling of high-volume manufacturing and achievement of major inflection points as Enable approaches commercialization.

Green Plains Inc. (NASDAQ:GPRE) today announced the closing of a $75 million 15 year term loan facility with MetLife Investment Management (MIM), due 2035. The company will use the proceeds to finance the construction of high protein technology at Green Plains Wood River LLC as well as a yet to be announced future location.

The law firm of Moritt Hock & Hamroff LLP with offices on Long Island and in Manhattan is pleased to announce that the following attorneys have been selected for inclusion in the 2021 Editions of Best Lawyers® and Best Lawyers®: Ones To Watch.

Data Security is Top Concern for Businesses During Pandemic More efficient treasury platforms with self-service capabilities also on business leaders’ wish list

Sallyport Commercial Finance helps a passionate entrepreneur and hobby enthusiast in the trading card business find a solution to meet the growing demand and fill upcoming orders. The credit facility will enable the business to continue to service their existing customers and help grow market share.

Online bidding opens on Sept. 15 for Aprinta Group surplus assets; auction includes everything from textile, extrusion and sewing equipment, to inventories of blank pens and flashlights. Tiger Group will begin accepting bids on September 15 for an online auction of hundreds of pieces of equipment used for screen printing and manufacturing apparel and premium promotional products. Online bidding at SoldTiger.com will commence on Tues., Sept. 15, at 10:30 a.m. (EDT) and will close on Tues., Sept. 22, at 10:30 a.m. All bidders are required to register prior to the sale at SoldTiger.com.

John Kevill, Avison Young Principal and President of U.S. Capital Markets, today announced the appointment of Tim Hall as Avison Young Principal. Hall is based in Washington, D.C., and brings his corporate finance expertise to the firm's Capital Markets team, focusing on working with private equity firms, public/private corporations and institutional real estate owners.

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry. CIT’s Power and Energy business was selected by the Power Finance & Risk editorial team based on its independent research and industry insights. The award is granted for excellence and innovation while serving as lead arranger in financing renewable energy projects for a variety of clients, the magazine said.

Crestmark secured a total of $16,993,300 in ABL financial solutions for ten new clients; Crestmark Equipment Finance provided $11,387,492 in six new lease transactions; Crestmark Vendor Finance provided $10,647,040 in 132 new lease transactions; and the Government Guaranteed Lending group provided $6,869,300 in financing for four new clients in the second half of August.

The Federal Reserve's Main Street Lending Program is shutting out a significant chunk of U.S. mid-sized companies, excluding some whose pre-coronavirus business models make them appear too indebted. The program's restrictions have largely excluded companies that rely on asset-based borrowing, a financing method prominent in real estate but also used in a variety of other industries, including retail and manufacturing.

CIBC Innovation Banking is pleased to announce a growth capital financing for Toronto-based Vena Solutions Inc. (“Vena”), a provider of cloud-based financial planning and analysis software. The funding enables Vena to accelerate growth by further expanding product content and market reach.

BCT-Bank of Charles Town, also known as The Community's Bank, announced the appointment of Terry L. Elliott to the position of Senior Vice President, Commercial Lender, serving Loudoun County, Prince William County, and Northern Virginia. Ms. Elliott brings a record of success to BCT. Most notably, she was recognized as Financial Services Champion of the Year by the United States Small Business Administration for the Richmond District.

Main Street partnered with the Company's management team to facilitate the transaction, with Main Street funding $26.0 million in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street is providing Superior with access to additional term debt to facilitate its future growth needs.

Graham Nelson joins the California office as a Collateral Analyst with previous experience in the banking, payments, and healthcare industries. Hailey Williams is a recent graduate from Drew University with a Bachelor of Arts degree in Business. Kelly South came on board as a Marketing intern in January and after assisting with the Gerber Finance Foundation, social media efforts, and marketing campaigns she has officially been hired as Marketing & Communications Coordinator.