TSL Express Daily Articles & News

Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.

TAB Bank is pleased to announce it has provided a $1 million asset-based revolving credit facility for a machine parts manufacturing company located in Oregon.

Peabody (NYSE: BTU) announced today that it has launched a process to refinance its term loan and revolver with larger facilities to accommodate the pending PRB/Colorado joint venture with Arch Coal, increase financial flexibility, extend debt maturities and increase pre-payable debt as part of the company's previously announced comprehensive refinancing initiative.

Urban Grid, a leading developer of solar projects throughout the United States, today announced that it has closed a senior secured term loan facility (the "Facility") for up to $100 million with Crayhill Capital Management LP ("Crayhill"), a New York-based private credit manager and asset-based lender.

Today, Windels Marx announced the arrival of Partner Leon A. Yel, resident in the New York office joining from CKR Law.

Caltius Equity Partners (“Caltius Equity”) is pleased to announce it has made a significant investment in Air Conditioning Innovative Solutions (“ACIS” or the “Company”), a founder-owned provider of commercial HVAC and plumbing maintenance and repair services in Texas.

Hitachi Capital America Corp. (HCA) today announced that Tom Waters has joined the company as Director, Clean Technology.

Dana Incorporated (DAN) has announced the closing of an amendment to its existing senior secured credit facility.

IDB Bank®, a New York-based private and commercial bank, today announced it has provided American Customer Care with a three-year $9.3 million loan.

OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company’s $10 billion to $12 billion offer in August to end their lawsuits as part of a negotiated Chapter 11 case.

Chembio Diagnostics, Inc. (Nasdaq: CEMI), a leading point-of-care diagnostics company focused on infectious diseases, today announced the closing of a $20 million term loan with an affiliate of Perceptive Advisors, one of the world’s leading healthcare-focused investment firms.

Park Hotels & Resorts Inc. (“Park” or “the Company”) (PK) today announced that it entered into a $950 million unsecured delayed draw term loan agreement (“Term Facility”) in order to help finance its previously announced proposed acquisition (“Acquisition”) of Chesapeake Lodging Trust (“Chesapeake”).

Business Capital (BizCap) structured and delivered a credit facility to Innominds Software, Inc., (Innominds) a provider of convergent design, technology and engineering solutions that accelerate digital transformation and growth for its enterprise clients, which include large blue chip technology companies.

Gibraltar welcomes Tony Vassallo as the newest veteran specialty-finance expert to join its experienced and dynamic Northeast regional business development team.

LeClairRyan, the battered Richmond law firm that in recent weeks announced it would shut down in the face of mass defections, has filed for bankruptcy.

US middle market lenders are optimistic that post-Labor Day dealflow will be steady and could likely accelerate heading into the fourth quarter.

Neiman Marcus closed on a nearly $27 million loan for its Fort Lauderdale location, marking the second loan the struggling retailer has secured in recent months in South Florida.

Capital One announced that it recently appointed Jeff Goldsmith to its Underwriting and Portfolio Management team.

B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") today announced its investment banking subsidiary, B. Riley FBR, Inc., served as exclusive financial advisor to PCM, Inc. (NASDAQ: PCMI) ("PCM") in connection with its completed sale to Insight Enterprises (NASDAQ: NSIT) ("Insight").

In order to complete numerous purchase orders and to prepare for a very busy year end, this midwestern manufacturer and servicer of 21st century state-of-the-art printing presses looked for a flexible lender able to finance its inventory.