TSL Express Daily Articles & News

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.

ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) announces that its wholly-owned subsidiary, ClearStream Energy Holdings LP (“CEHLP”), has entered into a first amending agreement with, among others, the Company and Bank of Montreal, as administrative agent, pursuant to which its third amended and restated credit agreement dated as of June 26, 2019.

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.

Stonebriar Commercial Finance announced the closing of a $55 million equipment lease facility with a private equity owned manufacturer of ceramic fiber products and specialty microfiber materials.

Wintrust Receivables Finance is pleased to announce the closing and funding of a $10 million credit facility for a logistics firm based in Chicago. The firm was recognized in the 2018 Inc. 5000 as one of the fastest growing companies in the country.

B&G Foods, Inc. (NYSE: BGS), announced today that it intends to refinance its 4.625% senior notes due 2021 and existing indebtedness under its revolving credit facility with new tranche B term loans under B&G Foods’ existing credit facility and/or the issuance of new senior notes.

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