TSL Express Daily Articles & News

Crystal Financial LLC announced the closing of a Senior Credit Facility for Computer Data Source (“CDS” or “the Company”) An accordion facility was also provided. CDS is a leading specialist provider of enterprise-level data center third-party maintenance, focused on high-end data storage.

Monroe Capital LLC today announced it co-sponsored Thunder Bridge Acquisition II, Ltd. (“Thunder Bridge II”), a special purpose acquisition company (“SPAC”). This is the second SPAC that Monroe Capital has co-sponsored. Last year, Monroe Capital co-sponsored Thunder Bridge Acquisition, Ltd. and supported its successful business combination with Repay Holdings Corporation (NASDAQ: RPAY).

Business Capital structured and delivered a $16.5MM project finance loan for Naumes, Inc., a family-owned operation that has been growing, packing, storing and selling tree fruit for over seven decades to domestic and international markets.

sPower, a leading renewable energy Independent Power Producer (IPP), today announced that the company closed on the debt financing and tax equity commitment for Prevailing Wind Park, in Bon Homme, Charles Mix and Hutchinson Counties in South Dakota.

This new facility was closed in less than 60 days and is being used to help increase sales and support open account payment terms to overseas suppliers.

Today, Northstar Commercial Partners is thrilled to announce the hiring of Jonathan Smith, who will be focused on strategically sourcing distressed commercial real estate properties and mortgages from banks and financial institutions.

Commercial Finance Partners, headquartered in Boca Raton, Florida, is pleased to announce the recent addition of Kevin Soles to manage business development efforts in the Northeast.

Maverix would like to thank Canadian Imperial Bank of Commerce and National Bank of Canada for their continued support and confidence in the Company's business model as well as welcome The Bank of Nova Scotia as a new member to the syndicate. Maverix intends to use the Increased Facility for future royalty and stream acquisitions

Atlantic RMS the leading provider of Diligence, Workout and Collection Services to the ABL, ABS and Receivables Finance Industry, has extended its reach and presence in Germany.

Kurt Sequer, Senior Vice President, Commercial Banking, Steve Humphreys, Senior Vice President, Commercial Banking, Brian Michel, Senior Vice President, Commercial Banking, and Christy Chumney, Assistant Relationship Manager joined the Charleston, SC location.

BancorpSouth Bank (NYSE: BXS) announced today that it has hired Jake Munn as president of Corporate Commercial and Industrial (C&I) and Syndications Lending to help the bank diversify its loan portfolio and build out its loan syndications operations.

Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of two transactions totaling over $8,000,000 during the week of September 16-20, 2019.

BBVA USA announced today that it has named Luisa Gavino Martinez as its new Commercial Relationship Manager, where she will be tasked with managing and developing a robust portfolio of commercial and Global Wealth clients in the Austin market.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM senior secured credit facility comprised of an AR and Inventory revolver to a southwest based developer & manufacturer of specialty chemical compounds used in oil & gas drilling and road constructio

OSG Group Holdings, Inc., the parent company of OSG Billing Services (with its related companies, “OSG”), a leading provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management, today announced that it has completed a significant debt refinancing in connection with the acquisitions of Communisis PLC and NCP Solutions at the end of 2018.

Fifth Third Business Capital Canada Inc., a subsidiary of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $7,000,000 senior credit facility to Scarborough, Ontario, Canada-based CLT Logistics, Inc.

Refinancing reduces average cost of debt and significantly extends maturities from 2020 to 2024.

Headquartered in Medford, NY, Global Tissue Group is a leading private label paper manufacturer for paper towels, napkins, bath and facial tissue.

Crestmark secured a total of $12,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $10,041,309 in four new lease transactions; Crestmark Vendor Finance provided $4,761,049 in 53 new lease transactions; and the Government Guaranteed Lending Division provided $5,730,000 in financing for four new clients in the first half of September.

Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, today announced that Byron Howell has joined the Company as Managing Director-Sales. He will be responsible for sourcing and developing client and referral source relationships throughout the United States.