TSL Express Daily Articles & News

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.

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.

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.

Navy Federal Credit Union announced that Stephen Rice has been selected to serve as the credit union’s deputy chief information officer (DCIO)

Greenspoon Marder is pleased to announce the expansion of the firm's Corporate & Business practice group with the addition of partner, Michael Smith in New York.

Global law firm Greenberg Traurig, P.A. has added Shareholders Michael G. Taylor and Michael E. Strauch in the firm’s Miami office. Taylor rejoins the firm as a shareholder in the Corporate Practice, while Strauch is a shareholder in the firm’s Litigation Practice.

Emergent Capital, Inc. (OTCQX: EMGC) ("Emergent" or the "Company"), announced that on July 18, 2019, Emergent and its subsidiaries, including White Eagle Asset Portfolio, LP, entered into a binding commitment with Jade Mountain Partners

Capital One announced today that Tim Fouts has joined its Commercial Bank as a Senior Vice President and Relationship Manager.

1st Capital Bank (OTC Pink: FISB) President and CEO, Thomas Meyer announced 1st Capital Bank has opened a commercial lending office in Santa Cruz, California.

Donald J. Clark of Chicago has been named Senior Vice President, Commercial Banking, with Old Second National Bank, operating from the Chicago—Loop location

Hans Sitarz has been chosen to lead commercial banking operations in Alabama and Mississippi for Wells Fargo.

He replaces Don Kincey, Senior Vice President, who retired from Comerica after working for 20 years at the bank.

Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. served as Joint Bookrunners, JPMorgan Chase Bank, N.A. served as Administrative Agent, and Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association served as Joint Lead Arrangers.