- BHI Provides $38.7 Million in Financing to EPIRE for the Construction of One Jones Park, A 75 Unit Multifamily Development at 387 8th Street in Jersey City
- Regulators Hit Pause Button on Basel III Endgame
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- SFNet Market Pulse
- Preeminent Restructuring Partners to Join Latham & Watkins in New York
TSL Express Daily Articles & News
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First Citizens Bank Provides $44.2 Million for Medical Office Building Portfolio
First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, has provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties.
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Maryland Financial Disclosures Bill Dies in Committee
Leslie J. Polt, Esq., Adelberg Rudow, provided the following analysis of Maryland’s Commercial Financing Transactions Act (SB825). He can be reached at lpolt@adelberg.com.
SFNet will continue to track this along with all other state disclosure legislation and work to influence favorable outcomes for our industry.
TSL Express Daily Headlines & News
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CohnReznick Extends Offshore Capabilities; Establishes CohnReznick Philippines, Inc.
September 6, 2023CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has established a separate affiliate, CohnReznick Philippines, Inc. as part of an ongoing expansion of its offshore services and capabilities.
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US Capital Global Expands San Francisco Headquarters with Appointment of Vice President Tejal Shah
September 6, 2023US Capital Global is pleased to announce that Tejal Shah has joined the group as Vice President at the group’s global headquarters in San Francisco, California. Ms. Shah brings to US Capital Global a strong background in financial services and asset management, along with expertise in capital raising and fostering high-value relationships.
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First Citizens Bank Announces Leadership Structure for Wealth Organization
September 6, 2023First Citizens Bank today announced a new leadership structure for its wealth organization that will improve coordination and enhance its commitment to supporting individuals, families and institutions with outstanding financial solutions and guidance.
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Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
September 6, 2023Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services.
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Golub Capital Deepens Commitment To Korean Investors
September 6, 2023Golub Capital today announced that Sean Chung has joined as a Managing Director and will be based in the Firm’s Seoul office, further expanding the Korea-focused team.
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Houlihan Lokey Launches Sustainability Advisory Services Practice and Announces Senior Hire
September 6, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today the launch of a new practice within the firm’s Financial and Valuation Advisory (FVA) business to provide clients with strategic counsel on sustainability and environmental, social, and governance (ESG) issues and to assist boards of directors, investors, and management teams in successfully navigating the ever-evolving global sustainability business landscape.
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PB Financial Corporation and Coastal Bank & Trust Announce Signing of Strategic Merger Agreement
September 6, 2023PB Financial Corporation ("PB Financial") (OTCQX:PBNC), the holding company for Providence Bank ("Providence"), and Coastal Bank & Trust ("Coastal") jointly announce the signing of a definitive strategic merger agreement.
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Bluevine Expands FDIC Insurance Protection Up To $3 Million For Business Banking Customers
September 6, 2023--Bluevine, the one-stop digital banking platform specifically designed for small businesses, today announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x the industry standard of $250,000.
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Oak Valley Community Bank Announces Commercial Banking Officer Hiring
September 6, 2023Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Eric J. Manning has joined the bank as Vice President, Commercial Banking Officer. He is based out of the Roseville Office.
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Wintrust Receivables Finance Announces the Closing of a Line of Credit for a Temporary Staffing Firm
September 6, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $20 million account receivable line of credit for a Great Lakes-based temporary staffing firm (Company). The Company is a preferred staffing agency for some of the nation’s leading employers within the industries of aerospace, automotive, energy, oil and gas, power, and telecommunications.
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KKR Releases “Regime Change: The Role of Private Real Assets in the ‘Traditional’ Portfolio”
September 6, 2023KKR, a leading global investment firm, today announced the release of Regime Change: The Role of Real Assets in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio Construction, Investment Risk Management and Quantitative Analysis at KKR.
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Blank Rome Welcomes Experienced Derivatives Attorney Andrew Cross in Pittsburgh
September 6, 2023Blank Rome LLP is pleased to announce that Andrew P. Cross has joined the firm’s Pittsburgh office as of counsel in the Finance, Restructuring, and Bankruptcy group. Andrew focuses his practice on derivatives transactions and investment management regulatory matters. He joins from Perkins Coie LLP.
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Scotiabank Announces Senior Leadership Appointments
September 6, 2023Scotiabank announced today that Barb Mason, Group Head and Chief Human Resources Officer (CHRO), has announced her intention to retire from Scotiabank at the end of 2023, after a 41-year career with the bank.
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Jill Ford Joins the Corporate & Investment Bank as Head of Equity Capital Markets
September 6, 2023Wells Fargo & Company (NYSE: WFC) today announced that Jill Ford has joined the Corporate & Investment Bank (CIB) as head of Equity Capital Markets. She reports to Tim O’Hara, head of Banking, and is based in New York.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of BV Investment Partners’ Investment in the Hardenbergh Group
September 6, 2023Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group (“THG”), a leading provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.
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Express (EXPR) Enters Asset-based Term Loan Agreement with ReStore Capital
September 6, 2023On September 5, 2023, Express (NYSE: EXPR), Express, LLC (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, and certain other direct or indirect, wholly-owned subsidiaries of the Company (collectively, with the Company, the “Guarantors” and, together with the Borrower, the “Loan Parties”) entered into an asset-based term loan agreement (the “Term Loan Agreement”) with ReStore Capital LLC, as administrative agent, collateral agent and lender, and the other lenders from time to time party thereto.
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OPAL Fuels Announces New $500 Million Credit Facility
September 6, 2023OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced today the closing of a new $500 million senior secured credit facility (the “Credit Facility”).
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ASGN Successfully Completes Refinancing and Upsizing of $500 Million Revolving Credit Facility and $500 Million Term Loan B
September 6, 2023-ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors, announced today that the Company has successfully completed a series of transactions that upsize its Revolving Credit Facility and Term Loan B, extending the maturities of each.
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August Commercial Chapter 11 Filings Increase 54 Percent Over Last Year
September 6, 2023There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
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Prime Healthcare Services Completes Refinancing of ABL Credit Facility
September 6, 2023On August 25, 2023, Prime Healthcare Services, Inc. closed a $425 million senior secured revolving credit facility. Due to strong lender support, the new credit facility is expected to be upsized to $450 million in early September 2023.
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