TSL Express Daily Articles & News

Stonebriar Commercial Finance announced the closing of a $40 million equipment lease facility with a publicly traded oilfield services provider. The company provides completion, intervention and production services in all the major U.S. onshore oil and gas basins.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the merger of Anova and Silicon Controls, an existing portfolio company of FFL Partners.

White Clarke Group is delighted to announce that its CALMS platform has once again earned both the Best Point-of-Sale (POS) and Best Back-Office Innovation Awards at the International Asset Finance Network (IAFN) conference last week in London.

Hubbard comes to Liberty Bank as a veteran Connecticut Banker with over 30 years of experience. Most recently, he was the Market President and Commercial Bank Sales Leader for CT and Western MA at KeyBank. For four years, Hubbard supervised KeyBank’s commercial banking business, Specialty Lending, Capital Markets and Financial Services.

Focus Management Group is excited to announce that Andrew Jarvis has joined our team. Focus Management Group (FMG), a nationwide turnaround and restructuring firm, has enhanced its team with the addition of Andrew Jarvis. Andrew will serve as a Senior Managing Director out of the firm’s new Pasadena, California office and will complement the firm’s growing demand for its turnaround management and corporate restructuring services

J.P. Morgan Asset Management today announced the appointment of Meg McClellan as Head of Private Credit in the firm's Global Alternatives group, effective January 1, 2020, to lead the firm's major expansion in Private Credit.

TradeCap Partners provided a $1.4MM Purchase Order Facility to a West coast, branded, consumer goods company. The facility was structured to satisfy a seasonal working capital need related to a program with a key customer.

Jennifer has been with the Company since 2001. Throughout the years her role at North Mill Capital has evolved and she is currently a senior portfolio manager in our Minneapolis office. She manages a portfolio of ABL and invoiced based accounts and oversees our invoiced based collection team.

TAB Bank is pleased to announce it has provided a $4 million asset-based revolving credit facility for a transportation company located in Kentucky. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. In addition to the working capital facility, TAB has also provided $1.2 million in equipment financing for the company.

The UK strengthens its role as EU leader thanks to a flexible regulatory regime, a supportive government policy and strong interest from investors, according to a new study commissioned by the Italian Factoring Association.

The facility was brought to market by Joint Bookrunners and Joint Lead Arrangers JPMorgan Chase Bank, N.A; BofA Securities and Citizens Bank, N.A.

Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, announced today that it has entered into an agreement with funds managed by Pharmakon Advisors, LP, that provides Sarepta with up to $500 million of borrowing capacity in two tranches.

Ocrolus, a leading fintech infrastructure company that transforms documents into actionable data with over 99% accuracy, today announced a new premium extension to its core technology platform. At a reception held tonight in New York, the company introduced Ocrolus+, the first turnkey solution for ingesting documents and digital data streams through a single API.

Lithia Motors Inc. (NYSE: LAD), a leading provider of personal transportation solutions, announced today that it completed an amendment and extension of its existing syndicated credit facility, increasing the total financing commitment to $2.8 billion, and extending the maturity date to January 1, 2025. The syndicated credit facility can be expanded to $3.2 billion in total availability, subject to lender approval.

Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced it has moved its credit facility to Bridge Bank, a division of Western Alliance Bank, effective December 11, 2019. Bridge Bank has extended the Company a new credit facility with a total capacity of $6 million. This credit facility replaces the Company's prior credit facility with Wells Fargo Bank N.A.

This facility is led by Wells Fargo Bank, National Association as Administrative Agent, RBC Capital Markets as Syndication Agent, Joint Lead Arranger and Joint Bookrunner, along with Wells Fargo Securities, LLC, BMO Capital Markets Corp., Barclays Bank PLC, BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., and Credit Agricole Corporate and Investment Bank as additional Joint Lead Arrangers and Joint Bookrunners.

Business Capital (BizCap ®) continued to strengthen its industry presence in 2019, expanding its team of professionals, successfully closing 12 transactions covering a wide range of industries and financial structures with 8 more expected by year end.

Lazard Ltd (NYSE: LAZ) announced today that Tim Wielechowski has joined Lazard’s Middle Market Consumer, Food & Retail (CFR) group as Managing Director. He is based in Charlotte. Mr. Wielechowski has more than two decades of experience advising middle market private and public companies in the consumer products, retail, and restaurant sectors.

Leading global professional services firm Alvarez & Marsal (A&M) announces Lisa Price has joined A&M as Managing Director in Atlanta in its Restructuring & Turnaround practice. Ms. Price will leverage her wealth of global restructuring and leadership experience to strengthen the firm’s turnaround and restructuring service offerings.

TCF Middle Market Banking (TCFMMB), a division of TCF National Bank (TCF Bank) which is a subsidiary of TCF Financial Corporation (TCF) (NASDAQ: TCF), today announced that it provided secured financing to support Legacy Center, LLC.