TSL Express Daily Articles & News

At less than US$112bn, 3Q19 US M&A loan volume marked the lowest quarterly result in two and a half years, bringing total issuance for the year to less than US$395bn. Quarter-over-quarter M&A lending via the loan market has been eroding since 3Q18. Issuance for the first nine months of 2019 was down nearly 15% compared to the year-ago period.

The funds were used to pay off the current lender and provide additional working capital for the company.

Union Bank today announced Elaine Genevro as Head of Branch Banking for the Regional Bank. Genevro will oversee a network of more than 350 branches throughout California, Oregon, and Washington.

Utica Leaseco completed the funding of a $400,000 true lease secured by machinery and equipment to a hemp processing company located in California.Utica Leaseco completed the funding of a $500,000 capital lease secured by machinery and equipment to a hemp processing company located in Kentucky.

Heritage Southeast Bank announced today that Paul Hoerig has joined the team as Executive Vice President and Chief Credit Officer. Mr. Hoerig will manage all credit-related functions for the company’s three banking regions.

Kinderhook Industries has acquired Copperweld Bimetallics, a supplier of bimetallic wiring products, from THL Credit.

Ankura, a leading global business advisory and expert services firm, today announced the appointment of two new Senior Managing Directors based in London, UK — economist Andrew K. G. Hildreth and infrastructure and capital projects expert Jonathan Roe.

Horizon North Logistics Inc. ("Horizon North" or the "Corporation") (TSX: HNL.TO) announced today that the Corporation recently reached an agreement with its lenders to amend its credit facility.

Named Best in Business Bank, Private Bank and Attorney Escrow Services Categories; Ranks in Top Three in Business Bank Category for 10th Consecutive Year

Deluxe Entertainment Services Group, the Hollywood production services provider that had been backed by billionaire Ron Perelman, filed for a prepackaged Chapter 11 bankruptcy protection Thursday.

Encina Business Credit, LLC (EBC) announced today that it has provided a $25 million senior secured credit facility to a pharmaceutical company. The company is focused on developing, manufacturing, and commercializing its three patented products, which aim to treat ADHD.

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to LuckyVitamin, LLC ("LuckyVitamin" or the "Company") in the sale of substantially all of its assets to Lucky Health Group, Inc. ("LHG"). The transaction closed in September 2019.

Fund Finance Partners (FFP) today announced the launch of their new fund advisory business. FFP co-founders Zac Barnett and Richard Wheelahan bring a combined 35+ years of direct experience in the fund finance space. FFP will improve efficiency and investor returns for fund sponsors by optimizing fund and sponsor debt strategies.

Crestmark secured a total of $5,916,667 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $20,017,859 in 15 new lease transactions; Crestmark Vendor Finance provided $5,101,432 in 46 new lease transactions; the Joint Ventures Division provided $13,294,364 in financing for three clients; and the Government Guaranteed Lending Division provided $740,000 in financing for one new client in the second half of September.

ApplePie Capital, the first and only online lender dedicated to franchising, today announced a new strategic partnership with LSQ Funding Group, a leading technology-enabled provider of accounts receivable financing for small and mid-sized businesses.

LSQ and BDC Capital have announced a strategic partnership to bring new funding sources to developing businesses across the nation. Between both partners, companies will have access to a full suite of creative finance solutions, including invoice financing, asset-based lines of credit, SBA 7(a), 504 funding, and term loans, to name a few.

North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in South Norwalk, Connecticut, announced today record originations for the 3rd Quarter of 2019. The best quarter in North Mill’s history, the company exceeded $43 million in funded volume representing a growth rate in excess of 30% from the prior quarter.

Kantor will oversee a team of specialized professionals delivering financing and banking solutions to BHI clients in the senior housing sector, as well as lead the practice in expanding to other healthcare related areas.

Mr. O'Hare brings more than 40 years of lending and factoring experience to Pinnacle Bank. During that timeframe, he has been a part of several banking institutions as well as independent finance businesses. He also was the founder of a variety of private finance companies including Graystone Capital that he sold to Scott Valley Bank in 2014.

Stenn International, an international provider of cross-border trade finance, today announces Steve Box, a globally-recognized visionary in the world of trade finance, as Strategic Advisor to the Board. Mr. Box is the Founder and Managing Director of Kata Executive Consulting Limited, with over 35 years of experience building and running businesses in invoice, trade, and receivables finance.