TSL Express Daily Articles & News

CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Hantover Inc., a leading distributor of products to the food processing industry.

Hitachi Capital America has announced its continuing software partnership with White Clarke Group, allowing the ongoing use of the CALMS Compass software solution to manage its floorplan/wholesale finance business. Hitachi Capital America’s relationship with White Clarke Group began in 2011 with the initial implementation of their CALMS Compass floorplan solution. At the time, Hitachi Capital America had been searching for an automated finance software solution to enhance both user and customer experience within their floorplan business.

Wells Fargo Commercial Capital announced today the realignment of its Canada-based Equipment Finance and Asset-Based Lending (ABL) originations teams into a newly integrated business unit, harnessing the collective expertise to enhance the customer experience. Nicolas Lessard now heads the combined team, which expands his previous role leading Wells Fargo Equipment Finance’s manufacturing group in Canada.

With the always improving quality of cinema and film and changing technology, the demand for quality assistance is always in constant flux. The Company sets itself apart from the industry with its unparalleled customer service, industry knowledge, experience and product depth. However, with the ever-growing list of clients, the Company found itself needing additional working capital in order to purchase new products to service new orders.

– ITC - Invoice to Cash, an Accutrac Capital Group Company, is excited to announce the launch of their new branding and accompanying website. ITC – Invoice to Cash provides fast and dependable financial solutions to small and medium sized trucking companies. This refreshed branding was done to better serve the North American trucking industry – with a focused effort to deliver services catered to the Hispanic market.

Prestige Capital, a 34-year-old specialty finance company based in Ft. Lee, NJ recently hired Stacey Huddleston of Kansas City, Missouri to join its team as Sales Director, Midwest. Mr. Huddleston has almost two decades worth of experience in the financial services sector specifically in the Commercial & Industrial and asset-based lending spheres.

Commitments upsized to $100 million, plus an accordion feature. Further supports acquisition and organic growth strategies. JPMorgan Chase and Bank of America Join Bank Group

On October 12, 2019, Endava plc (the “Company”) along with Endava (UK) Limited, Endava Inc. (the “Original Borrowers”) and Endava LLC (together with the Original Borrowers, the “Original Guarantors”) entered into a new multicurrency revolving credit facility (the “Multicurrency Revolving Credit Facility”) with HSBC Bank plc as agent

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 combined $5 million inventory production and asset based lending deal...

Worthy Lending LLC (WL) closed a multi-collateral ABL revolving finance facility for a northeastern electrical installation specialty company.

This transaction highlights SGCP’s ability to write larger checks as a result of its recent capital raise as well as our ability to provide a one-stop solution.

Trans-Lux is a leading designer and manufacturer of high-performance state-of-the-art digital display solutions and fixed digit scoreboards. The asset based credit facility is comprised of a working capital revolver and a machinery and equipment term loan.

Monroe Capital LLC today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support TEAM Services Group’s partnership with AmeriBest Home Care, Inc.

New underwriting team will support BHI’s continued growth.

Coral Capital Solutions, a leading provider of financing solutions for businesses, today announced a $1.2 million annual factoring facility with a fast growing startup distributor of natural frozen hand-held pies.

Most recently John was the President of the Commercial Services division of Sterling National Bank where he led specialty lending teams in a highly regulated banking environment. Under John’s 20 year leadership, Sterling grew to one of the largest factoring companies in the United States.

Freeman handles a broad array of matters in the middle-market energy sector, including mergers and acquisitions, divestitures, securities offerings and other entity governance and commercial transactions. He primarily advises private equity-sponsored midstream and upstream energy ventures.

The new financial facility is provided by Barclays Bank, Citibank N.A., HSBC and Silicon Valley Bank for an initial €100m over a three-year term, with the option to extend the facility up to €140m and by a further two years, the company said.

In this role, Moenickheim will provide executive oversight to the company’s credit and risk management teams. His responsibilities will span all efforts in enterprise risk management, compliance and quantitative analytics.

CredoLab, a Singapore-based developer of bank-grade digital credit scorecards based on anonymous smartphone metadata, has partnered with iovation, a TransUnion company, specializing in device-based fraud detection and authentication solutions.