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TSL Express Daily Articles & News
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Great Rock Capital Expands Underwriting Team
Mignon Winston Joins as Vice President
Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Mignon Winston has joined the firm as a Vice President of Underwriting. She will be based in Connecticut and serve as one of the company’s underwriting team leaders.
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Terry M. Keating is managing partner of Donald J. Keating & Sons.
Donald J. Keating & Sons provides broad-based consulting and advisory services to middle market companies and private equity with orientation to the financial services industry. Terry has over 30 years of leadership and operational experience knowledge and expertise developing “best practices” necessary for success serving as the leader | advisor within the financial services sector. Terry is currently serving as an independent member of the Board of Directors of a private equity owned commercial finance company and serving as a special advisor to an independent private equity sponsor.
TSL Express Daily Headlines & News
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PNC Bank Appoints Steven González Regional President For Austin
July 17, 2023PNC Bank has appointed Steven González regional president for Austin. González will have direct oversight of business development, building and maintaining client relationships and leading philanthropic initiatives in support of the Austin community. González currently serves as market leader for PNC’s Corporate Banking business in Austin and will continue in the role in addition to the regional president position.
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First Bank and Malvern Bancorp, Inc. Complete Merger
July 17, 2023First Bank (Nasdaq Global Market: FRBA) today announced that its acquisition of Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF) was completed before the open of business on July 17, 2023.
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Rosenthal Completes Two Asset-Based Lending Transactions Totaling $15 Million
July 17, 2023A New York-based publicly traded industrials company was facing increased restrictions and red tape from its existing bank lender and was looking for more flexible options to support its growth plans. The company, a designer and assembler of sophisticated control equipment for the space, military, aircraft and medical industries, was already well established, with $35 million in sales volume.
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Rosenthal Completes Two Asset-Based Lending Transactions Totaling $15 Million
July 17, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two recent asset-based lending facilities totaling $15 million.
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First Citizens Provides $40 Million in Financing for Florida Apartment Complex Development
July 17, 2023First Citizens Bank today announced that its Real Estate Finance group, part of the CIT division, provided $40 million in construction financing to a joint venture between Grandview Partners and Crosland Southeast for the development of Evelyn City Lofts apartments located in Tampa, Florida.
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Maxim Commercial Capital Expanded Business in Q2 2023
July 17, 2023Maxim Commercial Capital (“Maxim”) reported nearly 300% more funded deals in the second quarter of 2023 than in the prior year’s period, despite broader economic headwinds and rising interest rates.
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Cornerstone Business Credit Provides $300,000 for a Start-up Aviation Business
July 17, 2023The principals of the company have been in the business for many years. When the American dream opportunity came to launch their own company and build something for themselves, they took it.
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Gunvor Secures $1.125 Billion Sustainability-Linked Syndicated Revolving Credit Facility With Oversubscription and Accordion
July 17, 2023Gunvor Singapore Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1.035 billion sustainability-linked, syndicated revolving credit facility (the “Facility”) on 16 June 2023.
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Cerebro Capital Facilitates Over $111mm in Financings
July 17, 2023Cerebro Capital recently announced they had facilitated $111mm in financings for 28 companies. The technology driven commercial lending marketplace to the lower and middle market assisted companies looking for debt across numerous structures including senior and junior cash flow, asset based, equipment financing, recurring revenue, et al.
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Diebold Nixdorf Plan of Reorganization Confirmed
July 17, 2023Diebold Nixdorf today announced that the U.S. Bankruptcy Court in the Southern District of Texas has confirmed the company's plan of reorganization related to its comprehensive debt restructuring. This confirmation is one of the final steps in Diebold Nixdorf's restructuring, allowing the company to move forward and execute its plan.
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Argonne Capital Group Announces Closing of $1 Billion in Continuation Vehicles, Four Executive Appointments as Firm Pursues a New Era of Growth
July 17, 2023Argonne Capital Group, LLC announced the completion of two recapitalizations and added to its executive ranks as the firm institutionalizes and seeks to propel future growth.
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Synovus Promotes Charlie Clark to President of Community Bank
July 17, 2023Synovus Bank has named Charlie Clark as president of the community bank, effective July 10. In this new position, Clark will advance the community bank’s geography-based delivery model. This includes management of local leadership across the bank’s five-state footprint as they continue to build and deepen relationships while delivering exceptional service to clients.
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QualTek Successfully Emerges from Chapter 11 Emerges with Significantly Stronger Balance Sheet
July 17, 2023QualTek Services Inc. (the “Company” or “QualTek”), a leading infrastructure services provider, today announced that it has successfully emerged from Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas following the confirmation of its Plan of Reorganization (“Plan”) on June 30, 2023.
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ViewRay® Files Voluntary Chapter 11 Petitions
July 17, 2023ViewRay, Inc. (Nasdaq: VRAY) announced today that it and certain of its subsidiaries (collectively, "the Company") filed voluntary petitions for relief (the "Petitions") under Chapter 11 of Title 11 the U.S. Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the District of Delaware (the "Court").
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nFusion Capital Provides $20 Million to Fund Growth
July 17, 2023The Company’s parent company, a foreign-owned entity, sought a lender to capitalize their U.S. venture with debt for tax and non-tax reasons. The Company required a sufficient line of credit to fund its operating needs and large multi-year projects, which required a substantial upfront investment to pay staff and purchase materials.
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Midyear Business Leaders Outlook: Optimism is up, but still far from upbeat
July 17, 2023Only 3 in 10 leaders at midsize businesses are upbeat about the national economy. But they feel good about their own industries and companies.
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Condor Announces Closing of US$5.9 Million Term Loan Facility Financing and Corresponding Warrant Private Placement
July 17, 2023Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), is pleased to announce the closing on July 14, 2023 of a US$5.9 million term loan facility (the “Loan Facility”). The Loan Facility comprises separate loans from a group of arm’s length lenders (each a “Lender”) made pursuant to credit agreements between Condor and each Lender (the “Credit Agreements”) having an aggregate principal amount of US$5.9 million (CA$7.8 million).
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Paytient Officially Closes $7.5M in Venture Debt From Silicon Valley Bank to Help Americans Access and Afford Healthcare
July 17, 2023Paytient, the creator and leading provider of Health Payment Accounts (HPAs) today announced it has finalized a $7.5M venture debt facility with Silicon Valley Bank (SVB), a division of First Citizens Bank, which was first announced in January of this year.
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MarineMax Expands Financial Flexibility For Continued Growth
July 17, 2023MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht, and superyacht services company, today announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for the future.
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Peapack-Gladstone Financial Corporation Announces Expansion Into New York City
July 17, 2023New Jersey holding company, Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), Peapack-Gladstone Bank and Peapack Private, announce expansion plans with the official filing of an application to open a location in New York City. Peapack Private is actively recruiting from the Tri-State area and beginning to build a presence in Manhattan.
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