TSL Express Daily Articles & News

Provident Bank, a leading New Jersey-based financial institution, today announced the promotion of three executives. Robert Vivo has been promoted to Senior Vice President, Regional Director and Darleen Gillespie and Paula Palermo will now both serve as First Vice President, Regional Manager and report to Vivo.

Wolters Kluwer’s Compliance Solutions business has earned four 2019 Golden Bridge Awards for product innovations developed on behalf of financial services client firms. Compliance Solutions was honored with a Golden Bridge gold award for its CASH Workflow commercial lending solution, two silver awards for its OneSumX regulatory compliance offerings, and a bronze award for its Vanceo Mortgage automated loan operating system.

CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division provided a $56 million senior secured mortgage loan for the acquisition and renovation of the Bel Air Las Colinas Apartments, a multifamily complex in Irving, Texas.

JD Factors announced several factoring facilities.

Halcón Resources Corporation (“Halcón” or the “Company”) is pleased to announce that it has emerged from bankruptcy under Chapter 11 of the US Bankruptcy Code. By successfully completing its financial restructuring, the Company eliminated more than $750 million in debt and more than $40 million of annual interest expense, significantly enriching its financial condition.

KB Home (NYSE: KBH) today announced it has completed an amendment to its revolving credit facility, increasing the borrowing capacity to $800 million from $500 million and extending the maturity date to October 2023 from July 2021. The borrowing capacity can be further increased to $1 billion, subject to additional lender commitments.

Agera Energy and its affiliates have filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court, Southern District of New York and is facilitating an asset sale to Constellation, a subsidiary of Exelon Corporation (Nasdaq: EXC), subject to bankruptcy court approval.

Horizon North Logistics Inc. ("Horizon North" or the "Corporation") (TSX: HNL.TO) announced today that the Corporation recently reached an agreement with its lenders to amend its credit facility. Among other things, the amended agreement maintains the existing revolving commitment of $150 million.

Biron currently serves as chief financial officer and Head of Planning Strategy and Finance Division at IDB’s Tel Aviv-based parent, Discount Bank. He succeeds Uri Levin, who has been promoted by Discount Bank’s Board of Directors to take on the position of CEO of Discount Bank in Israel.

Access Capital recently provided financing to HonorVet Technologies (“HonorVet), a Certified Service-Disabled-Veteran-Owned Small Business (SDVOSB). HonorVet provides the veteran community with employment opportunities in civilian workplaces in various industry verticals including information technology, light industrial, healthcare and telecommunications.

OnDeck (NYSE: ONDK), the leader in online lending to small business, today announced it will host events in New York and Denver this month featuring accomplished women entrepreneurs relating how they overcame challenges to build their small businesses. The "How She Built This" events are part of OnDeck's celebration of National Women's Small Business Month.

36th Street Capital announced a recently funded a $6 million equipment financing for a leading energy services company that provides fuel cell solutions to commercial clients.

Siena Lending Group LLC (“Siena”) announces the completion of a new asset-based revolving credit facility for Doodad Printing, LLC (“Doodad”). The proceeds will be used to repay existing debt and provide the business with additional working capital to fund the company's operations and growth.

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the appointment of Phillip Daks as VP Account Executive in the firm’s West Coast office.

This year’s research surveyed 2,300 small and medium-sized businesses across 13 countries: Canada, USA, Ireland, UK, Netherlands, Belgium, France, Germany, Poland, Czech Republic, Slovakia, Hong Kong and Singapore.

Wintrust Financial Corporation (“Wintrust”) (WTFC) today announced the completion of its previously announced acquisition of STC Bancshares Corp. (“STC”). STC is the parent company of STC Capital Bank, an Illinois state-chartered bank, which operates five banking offices located in the communities of St. Charles, Geneva and South Elgin, Illinois.

ING Capital LLC ("ING") led a US$300 million syndicated financing on behalf of GT Commodities LLC ("GTC" / "Company"), the North American trading hub for Gerald Group, the world's largest employee owned metals merchant. The deal closed on October 4, 2019. ING, as Administrative Agent, structured and arranged this inaugural revolving credit facility. Deutsche Bank and Rabobank acted as Joint Lead Arrangers.

LBC Credit Partners announced an increase in the DreamLine senior secured credit facilities to support an investment in Arizona Shower Doors, LLC ("Arizona"). DreamLine is a portfolio company of MPE Partners.

According to the FBI’s Internet Crime Report, losses from Business Email Compromise (BEC) scams amounted to $1.3 billion in 2018 — twice the losses in 2017. Over the 12 months ending in July, more than 6,000 organizations were targeted each month by BEC scams, according to cybersecurity software firm Symantec.

Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, today announced that it served as Administrative Agent and Co-Lead Arranger for $48 million in senior secured credit facilities to support the recapitalization of Receivable Solutions, LLC by WestView Capital Partners. Abacus also made an equity co-investment in Receivable Solutions.