TSL Express Daily Articles & News

Wells Fargo & Co. today named David Kowach head of Community Banking, Jim Hays president and head of Wells Fargo Advisors, Andy Rowe Enterprise Customer Excellence executive, and Elli Dai Small Business and Personal Lending Group executive.

Torex Gold Resources Inc. is pleased to announce that the Company’s wholly-owned subsidiary Minera Media Luna, S.A. de C.V. has signed an amended and restated credit agreement with Bank of Montreal, BNP Paribas, ING Bank N.V., Dublin Branch, Société Générale and The Bank of Nova Scotia (the “Banks”) in connection with a secured $335 million debt facility.

The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $10.0 million credit facility to Mercury GSE. In addition to the financing, Mercury GSE utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.

MUFG, one of the world's leading financial groups, has opened an office in Charlotte, NC for its Operations & Technology for the Americas group, Americas Risk Management group, and other select functions.

DO USA, LLP, one of the nation’s leading accounting and advisory firms, today announced the acquisition of Loughlin Management Partners & Co, Inc. (“LM+Co”).

Holland & Hart announced the addition of partner Burke Gappmayer to its Commercial Finance practice in its Salt Lake City office.

Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally.

CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services Inc.

AutoCanada Inc. ("AutoCanada" or the "Company") (TSX: ACQ), a multi-location North American automobile dealership group, announced today that its lenders under the Company's syndicated credit facility have agreed to extend the previously granted increase .

Millennium Funding, a leading provider of working capital solutions to U.S. and Canadian businesses, today announced they have joined RangeMe, the leading online platform that streamlines product discovery, sampling, and sourcing between suppliers and retailers.

Monroe Capital LLC announced an increase in its credit facility to Prototek to support the acquisition of Cal-X, Inc. (“Cal-X”), an existing portfolio company of CORE Industrial Partners.

The facility consists of a revolving line of credit based on accounts receivable and inventory

This summer, Sallyport Commercial Finance wanted to give back to our heroic men and women of the Armed Forces who are serving this Nation overseas.

FTI Consulting, Inc. (FCN) today announced the appointment of Diederick van der Plas, Nick Carmichael and Duncan Turner as Senior Managing Directors in the firm’s Corporate Finance & Restructuring segment in London.

Tradewind has completed a $600,000 trade finance facility for a high-quality organic honey exporter based in Brazil that sells mainly to buyers in Europe and North America.

The New York-based brand was experiencing a major uptick in sales, as a result of orders from both new and existing retail customers. To support the brand’s growth and to mitigate any future cash flow strains, the company was seeking a permanent working capital solution.

Cristina Brabson has joined in the role as Vice President-Senior Operations Manager and Abbey Henderson has taken a position as Vice President-Portfolio Manager for the Specialty Lending Group.

Montebello, NY-based Sterling Bancorp may announce a portfolio acquisition by the end of the year, management said on their second-quarter earnings call.

Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance and data, today announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with Covenant Trucking Company Inc.