TSL Express Daily Articles & News

Vinson & Elkins L.L.P. served as legal advisor, Evercore Group L.L.C. served as investment banker, and Opportune LLP served as restructuring advisor to the Company. Weil, Gotshal & Manges LLP served as legal advisor and Greenhill & Co., LLC served as financial advisor to an ad hoc group of holders of Subordinated Notes.

King Trade Capital is pleased to announce the financing of a PO finance facility of $5 million to help a Texas-based distributor purchase and sell hand sanitizing wipes to 7-11, Walgreens and other national retailers.

Hiring plans are expected to be flat over the next 12 months; Only 24 percent of executives say they are optimistic about the U.S. economy and profit and revenue expectations stabilize from last quarter’s steep drop.

Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced that it has executed a new five-year $100 million senior secured credit facility with a group of financial institutions led by KeyBanc Capital Markets. KeyBanc Capital Markets acted as the joint lead arranger and will be the administrative agent for the financing. Funding will be provided through a syndicate of banks including Keybank, Bank of Montreal, Fifth Third Bank, Silicon Valley Bank, Truist, Wells Fargo, Raymond James, and Arvest Bank.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Keith Barry has joined the firm as a Managing Director and Head of Medical Technology, a new practice within the Healthcare Group. He is based in San Francisco. Also joining the Healthcare Group as a Vice President in San Francisco is Allan Burton, who will cover medical technology.

Fifth Third’s credit facility was used to facilitate the acquisition of Donnelly Custom Manufacturing by Akoya Capital Partners, LLC and will assist the company with capital expansion, growth, and working capital funding.

Bridge Bank today announced it has extended a credit facility to Miva, Inc., a San Diego-based e-commerce software and service provider for mid-size and enterprise merchants, offering flexible, agile solutions that drive online sales.

Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $3,000,000 to Right Sized Solutions, Inc. (“RSSi” or the “Company”). The credit facilities will provide working capital to further expand and support the Company’s future projected payroll and growth.

Lands' End, Inc. (NASDAQ: LE) today announced financial results for the second quarter ended July 31, 2020.

On August 31, 2020, Wayside Technology Group, Inc. and certain of its wholly owned subsidiaries (collectively, the "Company"), entered into an amendment to the Company's existing $20,000,000 revolving credit facility (the "Amended Credit Facility") with Citibank N.A. ("Citibank")...

Neiman Marcus is set to close two more outposts. The high-end chain has confirmed that it will permanently shut down its full-line stores in Natick, Mass., and Walnut Creek, Calif. The company said that the locations are expected to continue operations into 2021, with exact closing dates yet to be announced.

Armstrong Teasdale proudly announces that seven attorneys and 13 staff members from Martin Leigh have joined the firm’s Kansas City and St. Louis offices.

Alterna Capital Solutions (Alterna) announced the recent addition of three members to its team of dedicated specialty and alternative financing experts.

MidFirst Business Credit (MFBC) announced it has provided a $3 million working capital facility to Northern Brewer, LLC (Northern).

Akorn, Inc., a leading specialty pharmaceutical company, today announced that the United States Bankruptcy Court for the District of Delaware has approved its sale to the Company's existing lenders.

Mr. Rubin joins ReStore Capital in the newly created position of Managing Director. In this role, he will be responsible for identifying, cultivating, structuring, and closing potential retail M&A, financing, and debt acquisition transactions.

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that it extended and amended its North American credit facility on August 26, 2020.

U.S. Xpress Enterprises, Inc. (NYSE: USX) the nation’s fifth largest asset-based truckload carrier by revenue, today announced that Eric Fuller, President and Chief Executive Officer, and Eric Peterson, Chief Financial Officer, are scheduled to virtually participate at the following conferences:

KB US Holdings, Inc. ("KB or the Company"), parent company of the Kings Food Markets and Balducci's Food Lover's Market subsidiary banners, today announced it has accepted a stalking horse bid from TLI Bedrock to purchase the Company for $75 million.

Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to September 30, 2020.