TSL Express Daily Articles & News

Files Voluntary Chapter 11 Petitions to Facilitate Transaction; Currently Engaged in Active Discussions with Interested Bidders; Secures Commitment of Approximately $20 Million in Debtor-in-Possession Financing. High Ridge Brands has a portfolio of over thirteen trusted brands, serving primarily North American skin cleansing, hair care and oral care markets, including Zest®, Alberto VO5®, REACH®, Firefly®, Dr. Fresh®, Coast®, White Rain®, LA Looks®, Zero Frizz®, Rave®, Salon Grafix®, Binaca® and Thicker Fuller Hair®.

Omni-Lite Industries Canada, Inc. (the “Company” or “Omni-Lite Industries”) (TSXV: OML; OTCQX: OLNCF) is pleased to announce today the successful refinancing of its current US$700,000 senior bank credit facility with the entering of a new three-year, US$3.0 million revolving line of credit facility with City National Bank, an RBC Company

ING Capital LLC ("ING") has closed a $402 million financing for Paramount Group, Inc. (NYSE: PGRE) ("Paramount") to fund their acquisition of Market Center, a two- building, 753,000 square foot, Class A office complex located at 555 and 575 Market Street in San Francisco's Financial District. ING acted is the Administrative Agent and Sole Lead Arranger and plans to syndicate the loan in early 2020.

Gordon-Seifert will work with McDonald Hopkins clients on intellectual property litigation matters. The Ohio State University alum spent the last four years at the Akron office of a Columbus, Ohio-based firm, where he handled commercial and antitrust litigation, as well as matters involving trademark, trade secret and copyright issues.

Smart Sand, Inc. (NASDAQ: SND) (the “Company”) announced today that it has refinanced its existing Credit Facility into a combination 5-year equipment financing (“Oakdale Equipment Financing”) and a 5-year senior secured asset-based lending credit facility (“ABL Credit Facility”).

Cinesite announced today it has secured investment from Gryphion Capital Investments along with new banking facilities from Barclays and NatWest which amount to US$112m. Working together Barclays and NatWest will initially provide Cinesite with up to US$52 million for general funding and revolving credit facilities. The independent studio group has a further US$20m in future flexible facilities to deal with acquisition or expansion. In parallel, Gryphion Capital Investments has taken a minority equity position in the company which will further support Cinesite’s strategy for growth.

TCF Financial Corporation (TCF) (NASDAQ: TCF) today announced that Dennis Klaeser will step down from his role as chief financial officer on October 1, 2020. At that time, Brian Maass, deputy chief financial officer and treasurer, will assume the role of chief financial officer and will report directly to Craig Dahl, president and chief executive officer.

The Amended DIP Facility is intended to provide the Wayland Group with financing to continue operations during their CCAA proceeding, to fund necessary capital expenditures that are agreed to by the DIP Lender, with the consent of PricewaterhouseCoopers Inc., in its capacity as monitor of the Wayland Group, and to conduct a sale and investment solicitation process (“SISP”) and consummate any transaction resulting from that process.

Australia and New Zealand Banking Group Limited, Bank of China, Bank of Montreal, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank N.A., Rabobank, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, Industrial and Commercial Bank of China, Mizuho Bank (USA), Société Générale, Standard Chartered Bank, UniCredit Bank AG, U.S. Bank National Association and Wells Fargo Bank National Association have also acted as Mandated Lead Arrangers and Bookrunners for this transaction.

Bridge Bank today announced it has extended a credit facility to H Code Media, Inc., the leading technology platform offering a full suite of integrated marketing and media solutions for the U.S. Hispanic market. The new credit facility will be used to fund working capital needs and support growth initiatives.

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.