TSL Express Daily Articles & News

PNC Bank, National Association, announced today the closing of a $235 million senior secured credit facility to support New York-based KPS Capital Partners’ (KPS) acquisition of Life Fitness (the company).

Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that it recently completed purchase order transactions.

Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) (“Pure Gold” or the “Company”) is pleased to announce closing of a US$90 million project financing package (the “Financing”) with Sprott Resource Lending Corp. (“Sprott”).

Halcón Resources Corporation (OTC PINK: HKRS) (“Halcón” or the “Company”) and its subsidiaries today announced that they filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.

ObsEva SA (NASDAQ: OBSV / SIX: OBSN), a Swiss clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for serious conditions that compromise a woman’s reproductive health and pregnancy, today announced the closing of a $75 million senior secured credit facility with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.

TAB Bank is pleased to announce it has provided a $10 million asset-based revolving credit facility for a drone manufacturing company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Leading full service residential solar provider announces lender commitment to warehouse debt facility to fund continued growth.

Capital to Fuel Company's New Business Growth Endeavors

The credit facilities provide financing for a strategic acquisition and will provide working capital for the company going forward.

An existing client of Allied received an acquisition opportunity with an assignment for the benefit of creditors sale and was seeking financing for the purchase, along with ongoing working capital for their operations and growth.

Christopher Addison, Shawn Janko, Jake Nash to Join Bank as Managing Directors

CIT Group Inc. (NYSE: CIT) announced that it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.

Crestmark secured a total of $27,055,000 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $4,673,558 in four new lease transactions; Crestmark Vendor Finance provided $6,870,396 in 49 new lease transactions; the Joint Ventures Division provided $1,369,370 for one new client; and the Government Guaranteed Lending Division provided $2,010,000 in financing for three new clients in the second half of July.

In this role, Travis will be responsible for new business origination and other business development objectives in the southeastern U.S.

Through the Bank on Building a Brighter Community campaign two-and-a-half hours of tutoring will be donated for every qualifying checking account opened

Rosenthal & Rosenthal, Inc., today announced the completion of a recent $2 million purchase order finance facility to support the production financing requirements of a California-based cosmetic and beauty products company.

UMB Capital Finance is pleased to announce that Rhett Bentley has joined its business development team as a Senior Vice President - Asset Based Lending.

Diamond Business Credit is excited to announce that Dan Roderigues has joined the firm to lead the new business development effort.

LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.