TSL Express Daily Articles & News

Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of five transactions totaling over $10,000,000 during the week of September 9-13, 2019.

Fred’s Inc., a discount value retailer, has once again tapped SB360 Capital Partners as their exclusive consultant to conduct Store Closing Sales in all 81 remaining Fred’s locations. SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, has closed 442 Fred’s locations since April of this year.

As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank or a startup looking to bring cutting-edge technology into the mainstream.

Bill Fasel has joined Grant Thornton LLP as a managing director in the firm’s Strategic Solutions practice within Advisory Services. In this role, he will leverage the firm’s financial advisory and transformation capabilities to deliver turnaround and restructuring, operational improvement and transaction advisory services to underperforming and distressed companies and their creditors, lenders and other key constituents.

TradeCap Partners, LLC (“TradeCap”) structured a $4,200,000 PO facility for a consumer products importer to support seasonal promotional programs with multiple retailers.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger for a $27.2 million loan for two assisted living facilities in Texas.

More than 1,500 well-maintained cranes, lifts, telehandlers, excavators and other assets from Aerial Access Equipment are available for immediate purchase.

Wells Fargo (NYSE: WFC) announced that Stuart Brady, Vincent Ciminise and Ivan Ferraz will lead its newly integrated Commercial Banking operations in Nevada. The new roles stem from the bank’s recently announced regional structure for its Commercial Banking business.

Monroe Capital LLC today announced an increase in the credit facility to MC Group to support the merger of MC Group and Icon Identity Solutions (“Icon”), an existing portfolio company of Arcapita Investment Management US, Inc.

David Musicant hired as Citizens’ first West Region leader and Jim Malz to serve as new Midwest Region leader and Ohio President.

BofA Merrill Lynch, J.P. Morgan, and MUFG are acting as lead book-running managers for the offering.

NXT Capital acted as the Joint Lead Arranger, Joint Bookrunner and Administrative Agent for this transaction.

Colleen Daly-Tinkham joined Susan Carol Creative’s senior management team this month. She has more than 25 years of experience in marketing communications, most recently serving as vice president of marketing at Key Equipment Finance.

Bibby Financial Services (BFS) provided $2M in funding to a manufacturing company based in Ohio; extended $750,000 to an Indiana staffing company and included $1.85M extended to a Canadian oilfield services company, $1M in funding to US staffing companies, $500K in funding to Canadian transportation businesses, $250K in funding to a New York wholesale/distribution company and more.

By order of the U.S. Bankruptcy Court, District of Minnesota, Tiger Group, in cooperation with Loeb Winternitz, will conduct an online-only offering for well-maintained trencher/cable plows, hydraulic mini excavators, service trucks and other vehicles, and electrical parts inventory formerly owned by People's Electric Co., Inc.

Ronnie Bloom joins firm to support continued expansion in Canadian market.

YRC Worldwide Inc. (NASDAQ: YRCW) announced today it has completed a refinancing of its term loan obligations and entered into a term loan agreement (“Term Loan Agreement”) with funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) acting collectively as the Lead Lender for a $600 million facility.

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today that it, and certain of its subsidiaries, entered into two credit agreements that collectively provide for $75 million to fully fund the construction and development of MAXIM's 204 MW power plant located near Grande Cache, Alberta ("M2").

Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma," the "Company," "we" or "our") today announced that an affiliate of Red Mountain Capital Partners, LLC ("Red Mountain") has purchased all of Yuma's outstanding senior secured bank indebtedness and related liabilities (the "Senior Secured Debt") totaling approximately $35 million from the Company's lending group, led by Société Générale.

Crestmark secured a total of $6,950,000 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $8,809,604 in three new lease transactions; Crestmark Vendor Finance provided $6,071,483 in 61 new lease transactions; and the Government Guaranteed Lending Division provided $30,233,000 in financing for five new clients in the second half of August.