TSL Express Daily Articles & News

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.

Crestmark is pleased to announce the appointment of Jon Ellis as vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik. With the addition of Ellis, Crestmark strategically increases a company focus on financing for the renewable energy landscape.

Upon the closing of the new term loan, which is expected next week, Cumulus will have fully refinanced the $1.3 billion term loan that the Company assumed upon emergence from Chapter 11 on June 4, 2018.

High Road Capital Partners (www.highroadcap.com) announced today that its portfolio company U-C Coatings (www.uccoatings.com) has completed the acquisition of the assets of the stains and industrial coatings business of Eco Chemical, Inc. (www.ecochemical.com), marking the company’s second acquisition under High Road’s ownership.

CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C.

Wells Fargo & Company (NYSE: WFC) today announced the extension of its vendor financing relationship with Doosan and its businesses – including Bobcat Company, the compact machinery maker and distributor – through December 2023.

The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market.

For the second day in a row, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress that has emerged in the overnight lending market.

Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc.

Judge Carey joins the firm following his retirement on August 31 from the United States Bankruptcy Court, District of Delaware, where he earned a reputation for being one of the nation’s top bankruptcy judges.

Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $11,000,000 revolving line of credit facility for a restaurant supplies distributor in Oregon.

In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region.

BlueVine, which provides small and medium-sized businesses with access to fast and simple online financing, today announced that it has named fintech veteran Brad Brodigan its Chief Commercial Officer. In this role, Brodigan will be responsible for overseeing revenue-generating functions including sales, customer service, and partner management.