TSL Express Daily Articles & News

The facility amount totaled USD 1 billion. The Mandated Lead Arrangers are Deutsche Bank AG, ING Bank NV, Société Générale, ABN AMRO Bank NV, Bank of China Limited, Crédit Agricole Corporate and Investment Bank, Credit Suisse AG, ICBC London, Natixis and PJSC «SOVCOMBANK». Other lenders in the facility are Bank of Montreal, DZ Bank AG, Intesa SanPaolo S.P.A., Mizuho Bank, Sumitomo Mitsui Banking Corporation, HSBC Bank PLC, KFW Ipex-Bank GMBH, Raiffeisen Bank International AG and Citibank N.A.

Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Lender in providing a $92.2 million Senior Secured Credit Facility (the “Financing”) to Cassavant Holdings, LLC (“Cassavant”), a vertically-integrated manufacturer of precision-machined components and sub-assemblies serving the aerospace and defense industries.

The continued worldwide spread of COVID-19 (the coronavirus disease) may weaken the U.S. dollar over the long run by impelling multinational corporates and foreign investors in the United States to repatriate money back to their home countries, said Kuniyuki Hirai, Managing Director and Head of Trading in the Americas for Mitsubishi UFJ Financial Group (MUFG). Mr. Hirai delivered his remarks at an MUFG media roundtable last week to discuss the coronavirus's implications for the global economy and currency markets.

Mr. Santamarina joins Hilco Redevelopment Partners (www.HilcoRedev.com) as the Vice President of Development for the Southeast Region. In this role, he will be responsible for the overall development process in the southeast region for new and existing construction projects which includes land acquisition, due diligence, initial concept feasibility, land entitlement, governmental approvals, selecting project teams, design oversight, bidding, project budgets, construction oversight, project schedules, and leasing.

Continuing its strategic growth in London, international law firm Proskauer announced today the arrival of Litigation Partner Dorothy Murray.

Trichome Financial Corp. is pleased to announce that it has entered into a $2.25 million term loan with 2673943 Ontario Inc., d/b/a Hello Cannabis. Upon closing, Trichome Financial advanced the first $1.0 million tranche under the Term Loan, which will be used to fund capital expenditures in connection with the retrofit of Hello SSM, as well as inventory purchases.

Obsidian Energy announces the extension of the Company's syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility set at $550 million and $450 million , respectively, subject to specific items being amended as discussed below. The amount available under the syndicated credit facility has been reduced by $10 million to the aforementioned $450 million level. Additional terms in the amending agreement are as follows:

North Mill Capital is pleased to announce the funding of an $8,000,000 asset-based credit facility to Coastal Wire Company based in Georgetown, SC. The funds were used to pay off the previous lender and provide additional working capital for the company.

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to healthcare services and life sciences companies worldwide, is pleased to announce Richard Russakoff has joined its Healthcare Real Estate lending team.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) announces that it has extended its euro 4 billion committed revolving credit facility for one additional year with all lenders, by exercising the first one-year extension option.

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent purchase order finance facility. The deal will support the production financing requirements of an Illinois-based manufacturer and importer of mechanical components for large customers in the OEM industrial sector.

In a statement issued to Kew Media Group’s investors on Friday, the company said it has been placed in receivership under the orders of the Ontario Superior Court. FTI Consulting Canada will manage Kew Media Group’s affairs, including selling off its assets. The collapse came just hours after Truist Bank demanded the “repayment of all amounts owing under the senior credit facilities” after Kew Media Group defaulted on its credit facility last year because it filed “inaccurate” financial information

MidCap Business Credit completed a $5 million revolving credit facility for Appco Pharma, LLC. The facility was used to provide additional liquidity and support the company’s growth plans and working capital needs.

36th Street Capital announced a recently funded $8 million equipment financing for a leading technology company that provides ridesharing, meal preparation and delivery services to end-users worldwide.

The funds were used to pay off the previous lender and provide additional working capital for the company. Coastal Wire Company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and specialty wire products for the recycling and galvanizing industries.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $2.750M ABL facility to a Midwest based freight transportation company that provides freight management and brokerage services of fresh produce and refrigerated goods for customers nationwide. Proceeds from AFS’ revolver were used to pay off the Company’s existing bank line and provide new funds for working capital and to support business growth.

Celtic Capital Corporation today announced its most recent new client relationship – an Idaho-based company that designs and manufactures parts and pieces for food processing plants as well as construction of primarily steel buildings.

JPMorgan Chase & Co. curbed non-essential travel globally, joining a string of other corporate giants in restricting business trips as the spreading coronavirus risks becoming a pandemic. Because of the broadening spread of the virus, it’s now “restricting all international travel to essential travel only,” the New York-based bank said in a memo distributed to staff, confirmed by spokespeople. The move marks an escalation in its travel precautions, which had previously been limited to regions where the spread of the virus has been heaviest, such as parts of Asia and northern Italy.

Company enters into an amended and restated loan agreement with noteholder to repay and convert the existing $1,212,006 million balance under facility. Trutankless, Inc. (OTCQB: TKLS) manufactures an award-winning line of WiFi enabled electric tankless water heaters which are an attractive option for American households to upgrade from traditional inefficient hot water tanks. The Company has reported growing demand and sales over the last several period.

DNB Markets, a part of DNB Bank ASA, and Danske Bank A/S acted as Co-ordinators, Mandated Lead Arrangers and Bookrunners on the transaction. In addition, BNP Paribas SA Norway Branch and Swedbank AB (publ) joined as Mandated Lead Arrangers and Bookrunners, whilst J.P. Morgan Securities plc and ING Bank N.V. participated in the transaction as Lead Arrangers.