TSL Express Daily Articles & News

Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico, today announced that it has closed on a senior secured credit facility provided by Crayhill Capital Management ("Crayhill"), a New York-based private credit manager and asset-based lender.

Cobalt Broadband Services S.A. de C.V., a wholly owned operating subsidiary in Mexico of GigNet, Inc., announced today that based on progress to date, Mexico Credit Opportunities Fund II, managed by Credit Suisse Asset Management, has agreed to increase the funds available under a credit facility established one year ago.

Huntington Business Credit announced it closed a new credit facility with First SOURCE Electrical, LLC on June 13, 2019.

Antares announced today that it served as sole lead arranger and is acting as administrative agent for a senior secured credit facility to support Alpine Investors’ (“Alpine”) investment in Frank Gay Services and Best Home Services to form Apex Service Partners, an HVAC, plumbing and electrical services platform.

Grasshopper Bank, the new commercial venture bank built for innovation economy companies and the venture capital firms that fund them, has appointed Jeremy Shure as its Global Head of Early Stage Practice.

Capital One announced today that Larry Schmill has joined its Government Contracting Banking Group as a Managing Director, Aerospace, Defense and Government Services, based in Los Angeles.

Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce that its joint venture partner, Sunens Farms Inc. (“Sunens”), has entered into a term sheet for a syndicated credit facility, with the Bank of Montreal (“BMO”) as Lead Underwriter.

Francesca’s Holdings Corporation (the “Company”) (Nasdaq: FRAN) today announced that it has entered into a second lien term loan Credit Agreement (“Term Loan Credit Agreement”) with Tiger Finance, LLC.

AlixPartners, the global consulting firm, announced today that Nick Wood has joined the firm as a Managing Director in its M&A Services practice in London.

Wells Fargo Commercial Distribution Finance (CDF), a unit of Wells Fargo Commercial Capital, announced today the continuation of Polaris Acceptance, a joint venture with Polaris Inc., into 2027. CDF and Polaris began the dealer wholesale financing joint venture in 1996.

Garrod will be responsible for sourcing Machinery & Equipment Loans nationwide starting at $100,000.

Simaika has almost 20 years of professional experience in banking and financial advisory, providing solutions to clients across a wide range of industries including manufacturing, distribution, automotive, food and beverage, commercial products and retail, real estate, building materials and construction, and professional services.

The joint bookrunners and joint lead arrangers are Credit Suisse Loan Funding LLC, JP Morgan Chase Bank, N.A., Citizens Bank, N.A., PNC Capital Markets LLC and Wells Fargo LLC.

Santander Bank today announced that Paul Cronin has been selected to lead the Bank's asset based lending ("ABL") business in its Commercial Banking division. Cronin will be responsible for growing Santander's ABL business, a full-service provider with a highly diversified portfolio and particular expertise in equipment financing, wholesale trade and financial services.

Conway MacKenzie has announced that Steven J. Alexander has joined the firm as an Executive Director and will lead the Grand Rapids office. In his role, Alexander will provide strategic counsel to senior leaders of middle market companies and their constituents.

Rosenthal & Rosenthal, Inc., today announced the completion of a recent $1 million purchase order finance facility to support the production financing requirements of a women’s private label apparel company.

Crossroads Financial, a leading provider of inventory financing, has recently provided a $1.8 Million inventory revolver for the benefit of a shoe retailer.

Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for a medical research and record retrieval company based in Texas. Proceeds of the facility are being used to support the company’s significant growth plans.

In column for Retail Dive, retailing veterans Peter Lynch and John Graub encourage chains to revisit their portfolio strategies in response to today’s challenges.

radewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and accessories for the house to buyers located domestically and in the United States and Europe.