TSL Express Daily Articles & News

Adam Milton joins SB360 as a Senior Financial Analyst. He will be engaged in varied financial analyses of SB360’s business including acquisitions, collateral monitoring, dispositions, and special projects. Tiffany Arredondo joins SB360 as Assistant Vice President of Corporate Development. She will be responsible for corporate initiatives and assisting with new business. Tiffany will play a role in all aspects of assessing new business opportunities, generating business insights to further advance short and long-term growth strategies and priorities.

The funds will be used to support the working capital needs of the business.

The financing is the largest domestic debt facility raised for a portfolio of community and distributed solar and represents the third large umbrella facility AES DE has completed since 2017. Silicon Valley Bank (SVB), KeyBank N.A. and Nomura acted as coordinating lead arrangers.

Ralph Hamers, CEO of ING, will step down from his position and leave ING as of 30 June 2020. After 29 years at ING he will join UBS on 1 September 2020 and will become Group Chief Executive Officer per 1 November 2020. Over the past six years Ralph Hamers has transformed ING into a leading digital bank, on the way to become the go-to financial platform for our customers. He created value for all stakeholders and played a leading role in driving sustainability efforts in the financial industry.

David has been in the secured lending business his entire career and has held various leadership positions in both ABL and Equipment Finance.

Axiom Bank N.A., a Maitland-based, leading community bank, recently named Bryan Scheff as VP, Commercial Relationship Manager. In this role, Mr. Scheff will develop relationships with Axiom’s commercial partners in Central Florida.

Heritage Global Valuations ("HGV") is pleased to announce the addition of William (Bill) Kleibenstein, ASA to its Machinery and Equipment valuation practice. Bill comes to HGV with over 30 years of appraisal experience and is based in our new Milwaukee, WI office.

Asset Based Lending Consultants (ABLC) , one of the nation’s leading field examination outsource firms, is pleased to announce the opening of a new office in the Los Angeles, California area. This expansion helps to give ABLC a farther reach within the ever-growing ABL market. With an already global reach with offices in Hollywood, FL and London, England, the ABLC brand is only getting stronger.

Artis Trade Systems (“Artis”) added another bank to ArtisPay, its supply chain finance (SCF) software platform. On December 2nd, Artis entered into an agreement with 5Star Bank, a community bank in Colorado Springs, CO.

Stonebriar Commercial Finance (“Stonebriar”), a leading independent large-ticket commercial finance company, is pleased to announce a number of rating upgrades published by both Kroll Bond Rating Agency (“KBRA”) and Moody’s Investors Service (“Moody’s”) on its various asset-backed securities (“ABS”). Stonebriar is an experienced ABS issuer and servicer with approximately $2bn of outstanding ABS across 5 deals each backed by a variety of large ticket equipment asset types.

Nair joins California Bank of Commerce with more than 15 years of experience in commercial banking. He has held various positions with Wells Fargo, most recently serving as Vice President and Senior Treasury Management Consultant for the past three years. Nair was named Wells Fargo’s Top Treasury Consultant in 2018.

Encina Business Credit, LLC (“EBC”) announces the completion of a $25.0 million senior secured revolving credit facility for etailz, Inc. The facility will be used to refinance an existing facility and to support etailz ongoing working capital, capex, and general corporate requirements.

AJ Walter Aviation, part of the AJW Group (AJW), has closed a US$70m senior secured credit facility with Wells Fargo Capital Finance (UK) – part of Wells Fargo & Company – as lead bank and Shawbrook Bank (Shawbrook) as participant.

Newly closed transaction highlights Tiger's growing focus on valuation, asset-monetization and strategic financing for e-commerce businesses and stakeholders.

The $169 billion-asset Fifth Third will use a white-label lending service from Fundation that will allow it to approve and fund loans within a day. Small-business clients can apply for loans or lines of credit up to $100,000 through the new service, which the bank is calling Fifth Third Fast Capital.

UBS Private Wealth Management (PWM) is proud to announce that it has hired Denis J. Cleary and Gregory M. Devine, along with Analysts Abigail Harris, Seamus O’Neill, Mindi Chen and Christopher Carbone. Denis and Gregory will maintain offices in both Boston and Los Angeles.

Markus and Johnston have spent the bulk of their careers handling complex finance transactions in a variety of sectors, including manufacturing, distribution, energy, and electronics. They represent lenders, including international and regional banks, private equity funds and corporate borrowers, and have particular experience handling syndicated and bilateral domestic and cross-border asset-based lending (ABL) transactions and leveraged financings in the commercial and industrial spaces.

Sixpoint Partners (“Sixpoint”), a leading global investment bank serving the middle-market private equity industry, today announced the election of Shawn Schestag to Partner, and the promotions of six others, including two to Managing Director. The promotions span across the Secondary Advisory, Distribution and Project Management teams. Mr. Schestag’s election and the additional six promotions are effective immediately.

Larry Blackman joined Phoenix Management Services as a Senior Director in the firm’s Boston, MA office and brings to the firm more than 25+ years of experience in finance and operations.

ausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") announced today that it is seeking to amend and refinance its existing credit agreement (the "Credit Agreement") in order to extend and reprice its existing term loan facility and revolving credit facility and make certain other amendments to the terms of the facilities in connection therewith (collectively, the "Credit Agreement Refinancing"). Additionally, the Company intends, subject to market conditions, to have Bausch Health Americas, Inc. ("BHA"), a wholly-owned indirect subsidiary of the Company, issue $3.25 billion of secured debt securities (the "New Debt Securities").