TSL Express Daily Articles & News

Michael Skat, Managing Director for Cogent Bank’s Specialty Lending Group stated, “We are off to a great start building this unique product line in a community banking environment. Our thoughtful approach in assembling an experienced, client focused team combined with innovative technology helps our customers manage their business more efficiently and effectively. The creation of the Specialty Lending Group is a testimony to the progressive mindset of our Executive Management Team and our Board of Directors.”

Holland & Hart announced the addition of partner Terry Gorrell, of counsel Ned Giles, and associate Kevin Giles, deepening Holland & Hart’s multifaceted real estate development and finance practice. Gorrell and Ned Giles join the firm’s Denver office, while Kevin Giles joins the Aspen office.

Chubb and the National Center for the Middle Market (NCMM) – housed at The Ohio State University Fisher College of Business – have published a summary of findings from the most recent Middle Market Indicator (MMI), which underscores a slowing growth rate and a perception of escalating risk among middle market companies. Issued quarterly, the MMI explores current and emerging macro trends along with business risks across the middle market, measuring past and predicted revenue growth, employment growth, economic confidence levels and business investment.

Advanced Energy Capital provided the funding for Alpine 4 Technologies, Ltd. (Alpine) to close on their latest acquisition of Deluxe Sheet Metal Inc. Deluxe is a company that has been in business for over 45 years, specializing in all aspects of Commercial and Industrial Sheet Metal installations.

The new cloud-based platform is specifically designed to offset traditional outplacement hurdles. Convenient, comprehensive, and cost effective, our technology prepares your displaced team members for their next chapter while helping you get the most out of your closing event.

Union Bank named Sandy Walia as Regional President for Northern California and the Pacific Northwest Branch Banking division. Walia will oversee a network of 111 branches and nearly 600 employees in the region. In addition, she will continue to serve as Managing Director and Head of Client Services for PurePoint Financial, which is a division of MUFG Union Bank.

Wells Fargo & Company today announced that General Counsel C. Allen Parker has made the decision to leave the company effective March 31, 2020, to pursue other business opportunities. Parker joined Wells Fargo as General Counsel in March 2017, served as interim CEO and President from March 2019 to October 2019, and then returned to the General Counsel role.

CIBC Innovation Banking is pleased to announce two separate transactions totaling US$16 million for Madwire®, LLC, a Fort Collins, Colorado-based technology company which provides software and services to meet the business management and marketing needs for small-to-medium sized businesses (SMBs).

Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced it has entered into a $100 million Senior Secured Second Lien Term Loan Facility (“Second Loan Facility”) with Angelo Gordon Energy Servicer, LLC. Net proceeds from the financing are estimated to be approximately $95 million, all of which was used to pay down the Company’s revolving credit facility.

Ares Management Corporation (NYSE: ARES) announced today that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U.S. and Europe.

High Road Capital Partners (www.highroadcap.com) announced the sale of its portfolio company Banner Solutions (www.bannersolutions.com) to Tailwind Capital. The sale, which closed on October 31, 2019, marks the second exit for High Road Capital Partners Fund II.

Expedition Water Solutions ("Expedition"), the leading midstream produced water infrastructure company in the Rockies, announced today it has expanded its revolving credit facility to $100 million. Cadence Bank ("Cadence") served as lead arranger and administrative agent.

Bibby Financial Services is delighted to announce a new addition to our team, Scot Barber. Mr. Barber joined our team in mid-October as our Regional Sales Manager - East. We are excited about the wealth of experience and dynamism in building partner relations that Mr. Barber brings to BFS.

Tradewind has closed a $2.5 million trade finance facility for a company based in China and the USA that sells sustainable, ecologically sourced, and manufactured homewares. The company exports to major retailers in the US including Amazon, Target, Kroger, and The Container Store, as well as to distributors in key international markets globally.

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 $1 million inventory production finance deal for a well-known designer and importer of women’s footwear.

Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced that it has received commitments to extend the maturity for its existing Revolving Credit Facility and Term Loan A to October 2022, and reduce the respective pricing by 25 basis points.

LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, the “Company”) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed the previously announced amendment of its senior secured credit facilities and offering of senior unsecured notes (the “senior notes”).

Learning company Houghton Mifflin Harcourt ("HMH" or the "Company") (HMHC) announced today that its wholly owned subsidiaries, Houghton Mifflin Harcourt Publishers Inc., Houghton Mifflin Harcourt Publishing Company and HMH Publishers LLC, will offer, subject to market and other conditions, $350 million aggregate principal amount of Senior Secured Notes due 2025 (the "Notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act").

FirstClose (the "Company"), a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.

BFS Capital, a leader in small business lending, today announced the appointment of Brian Simmons as Chief Operating Officer. Simmons will join the executive team reporting to the company’s CEO Mark Ruddock.