TSL Express Daily Articles & News

Southwest Iowa Renewable Energy, LLC ("SIRE" or the "Company") is announcing the recent expansion of its credit facility and a repurchase of membership units.

Capital One announced today that Jamie Henderson will join as Executive Vice President and Head of Commercial Real Estate starting in January 2020. Henderson will report directly to Michael Slocum, President of Commercial Banking and Northeast Market President.

Recently, a turnaround consultant brought Gibraltar together with their client, an industry-leading retailer/e-tailer of new and preowned golf equipment, shoes, apparel and accessories. The company had been in business selling sports equipment to consumers through its multiple ecommerce sites.

Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced today the pricing of its previously announced private placement to eligible purchasers of $550.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026 at par (the “Notes”). The principal amount of the offering was increased from the previously announced offering size of $450.0 million. The offering is expected to close on December 9, 2019, subject to customary closing conditions.

Lucky Brand Dungarees, LLC ("Lucky Brand" or the "Company"), a portfolio company of Leonard Green & Partners, L.P. and a leading designer, distributor and retailer of premium denim and apparel goods in North America, announced today the completion of a new refinancing transaction.

The new Term B-5 Loan Facility will exist in conjunction with the Company's existing Term B-3 loan facility and Term B-4 loan facility (collectively with the Term B-5 Loan Facility, the "Senior Term Facilities"). The Senior Term Facilities are senior secured obligations of Univar Solutions USA and Univar Netherlands and are guaranteed by the Company and certain of its subsidiaries.

On 21 November 2019, TIP, a portfolio company of I Squared Capital, announced that it had successfully: increased its existing Revolving Credit Facility (RCF) from €967 million to €1,150.5 million with no change in pricing or structure.raised €274.5 million in the private placement term debt markets for the first time. The term loan tenor is seven years.

FSW Funding, a Phoenix-based company specializing in financing solutions for small to mid-size businesses, recently hired Patrick Cooper as Director of Underwriting. FSW continues to grow both its factoring and asset-based lending portfolios which dictates the need to increase the underwriting staff.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5.5MM AR and Inventory revolver and M&E Term Loan to a tier 1 OEM supplier of plastic and metal components located in the Southeastern U.S. The Company had outgrown its line of credit and was to looking to maximize the value of its assets and improve its liquidity position.

North Avenue Capital (NAC), a specialized commercial lender headquartered in Northeast Florida, has its eyes set on closing 2019 with over $140 Million in USDA Rural Loans to businesses across America. The USDA Rural Development Program works to create and save jobs in areas outside of metro areas, and NAC is committed to exclusively offering USDA Business & Industry (B&I) Loans nationwide with a focus on building businesses, growing economies, and creating jobs.

The Equipment Leasing and Finance Association recently announced its new board of directors and officers at its 58th annual convention on October 29. An active member of ELFA, this is Rutherford’s first time serving on the Board of Directors, where he will serve one three-year term on a staggered basis.

Wells Fargo Securities, LLC and RBC Capital Markets acted as Joint Lead Arrangers for the syndication of the New Credit Facility and Wells Fargo Bank, National Association is acting as Administrative Agent.

The Maurice A. Deane School of Law at Hofstra University has named Brian Primm as the recipient of the 2019-2020 Moritt Hock & Hamroff Business Law Honors Fellowship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law.

Leading global professional services firm Alvarez & Marsal (A&M) has expanded its Public Sector Services practice with the addition of Michael Carrasco as Managing Director in Houston, and Jay Nagy as Senior Director in New York. Their appointments demonstrate A&M’s strong commitment to assist local, state and federal agencies and their private sector partners cope with increasing costs and enhance services for their constituents and stakeholders.

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ), announced today that Jonathan Dale has been named regional director of commercial & corporate banking to support the growth needs of enterprising businesses across Portland Metro, Eastern Washington and Idaho. Dale's addition comes as Umpqua continues to prioritize supporting middle market companies in the region.

Wilmington Trust, part of the M&T Bank Family and a leader in corporate and institutional services, announced the expansion of its Loan Agency Services business, bringing on Medita Vucic as Head of U.S. Agency Loan Services and Antony Girling as Senior Relationship Manager in London. Vucic reports to Tim Mowdy, the firm's Capital Markets Agency Services Leader in the U.S., while, Girling reports to Elaine Lockhart, European Product Leader for Loan Agency Services.

CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided an acquisition and refinancing term loan and revolving line of credit to 3G Equity Inc. for its 10-hotel portfolio.

J.P. Morgan Securities plc, Merrill Lynch International, MUFG Securities EMEA plc and Wells Fargo Securities International Limited are joint book-running managers for the Senior Notes offering.

Previously funded by another factor, the company contacted BFS looking for better customer service and lower rates. With BFS’ factoring facility, the client was able to retain a significant contract and fund their day to day operations as the business grows.

Houlihan Lokey is pleased to announce that David Wagner has joined the firm as a Senior Advisor for the Portfolio Valuation and Fund Advisory Services practice. Mr. Wagner will lead the firm’s newly established LIBOR Transition Advisory Services practice to assist clients on the multitude of issues arising from the impending cessation of the London Interbank Offered Rate (LIBOR) and other interbank offered rates (IBORs), as well as their replacements.