TSL Express Daily Articles & News
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Eric Huff Joins S&T Bank as Director of Asset-Based Lending
S&T Bank has named Eric Huff as senior vice president, managing director of asset-based lending.
With over 25 years of experience in financial services, most recently as the senior regional director and business development officer at Huntington Bank, Huff brings a wealth of knowledge and experience. In his role at S&T Bank, he will be responsible for the ongoing sales and growth of the bank’s asset-based lending portfolio.
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Staffing: An Industry with Many Facets
In May of 2022, when the author became CEO of Access Capital, the Company already had a long history of being a leading non-bank lender to the staffing industry. In this article, written with the help of Raphael Torres, head of business development, and Jessica Sanchez, director of marketing, Terry Keating will share some thoughts about the industry that he has learned through his journey over the past 18 months.
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CIT Northbridge Credit Provides $75 Million to Cisco Equipment Rentals
May 30, 2024First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and used equipment sales, parts and service.
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Marc Swirsky Joins EquipNet, Inc. as Managing Director, Industrial
May 30, 2024EquipNet, Inc., a member of the 3S Circular Network (3SCircular.com), welcomes Marc Swirsky as the Managing Director of the organization’s industrial business. Swirsky joins as a tenured and experienced professional, known in the manufacturing industry for his expertise in industrial capital equipment auctions and liquidations.
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Creative Realities Closes on New Revolving Credit Facility
May 30, 2024Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage and media solutions, today announced that it and First Merchants Bank (“FMB”) executed a credit agreement implementing the previously-announced $22.1 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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Natixis Corporate & Investment Banking acts as Coordinating Lead Arranger for the Infrastructure Debt Financing FirstLight Fiber, Sponsored by Antin Infrastructure Partners
May 30, 2024Natixis Corporate & Investment Banking (Natixis CIB) has successfully closed a five-year senior secured infrastructure debt financing package for FirstLight Fiber, the largest independent fiber bandwidth infrastructure provider in Northeast U.S. FirstLight Fiber owns a fiber network extending over 25,000 route miles and covering 125,000 addressable locations.
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Dynata Secures DIP Financing After Successful Prepackaged Chapter 11 First Day Hearing
May 30, 2024Dynata, LLC ("Dynata" or the "Company"), the most trusted source for reliable, accurate first-party data — announced today that the Company has successfully concluded its first day prepackaged chapter 11 hearing and received $31.5M in new financing, with access to another $50 million in new financing set for early July 2024 following emergence from its short chapter 11.
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Alvarez & Marsal Expands its Disputes Offering and Regional Footprint By Appointing Managing Director John A. Taylor
May 30, 2024Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Los Angeles-based John A. Tayloras a Managing Director in its Disputes and Investigations practice. Mr. Taylor’s joining expands A&M’s West Coast footprint and deepens its disputes capabilities in alignment with DI’s talent growth strategy to help clients address current needs and anticipated challenges.
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Gateway Fiber Secures $175.5 Million in Debt Financing
May 30, 2024Gateway Fiber, a leading fiber-to-the-home internet provider, is pleased to announce the closing of a senior secured debt facility, providing additional funding for the provider to continue expanding its growing network.
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Carver Bancorp, Inc. Announces $25 Million Revolving Loan Facility with NY Green Bank to Support Building Decarbonization Projects in New York City
May 29, 2024Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding company for Carver Federal Savings Bank (the "Bank"), a certified Community Development Financial Institution and a designated Minority Depository Institution, is proud to announce the closing of a $25 million revolving senior unsecured term loan under the Community Decarbonization Fund with NY Green Bank.
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Birkenstock Holding Inks New Term Loan and Revolving Credit Facilities Agreement
May 29, 2024Birkenstock Holding plc subsidiaries have signed a new term loan and revolving credit facilities agreement with a syndicate of nine banks providing for new facilities with aggregate loans and commitments of approximately €850 million that will be used to refinance the existing term loans and to replace the undrawn ABL facility with a new revolving credit facility (RCF).
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CIBC Innovation Banking Provides Financing to Shorelight
May 29, 2024CIBC Innovation Banking announced today that it has provided extended financing to Boston-based Shorelight, an enrollment and performance management platform that drives international student success at top universities. Shorelight will use the extended financing to continue enhancing its product and service offering to international students and university partners.
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Coniglio Named Co-Chair of Vorys’ Bankruptcy Group
May 29, 2024Kari Balog Coniglio, a partner in the Vorys Cleveland office, has been named the co-chair of the firm’s bankruptcy and creditors’ rights group. She will serve as co-chair alongside Tiffany Strelow Cobb, a partner in the firm’s Columbus office. Together, Coniglio and Cobb compliment each other to strengthen client service.
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Monroe Capital Supports Avathon Capital’s Acquisition of Summit Professional Education
May 29, 2024Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Summit Professional Education (“Summit”) by Avathon Capital.
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Blank Rome Continues to Bolster New Boston Office with Leading Corporate Trio
May 29, 2024Blank Rome is pleased to announce the expansion of the firm’s newly opened Boston office with the addition of partners Stephen “Steve” D. Brook and Robert “Rob” Y. Chow, and senior counsel William “Bill” V. Sopp, who join the Corporate, M&A, and Securities group.
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Wiggin and Dana Opens Boston Office, Adds Private Equity Partner Daniela Badiola Spanos
May 29, 2024Wiggin and Dana LLP announced today that it will open an office in Boston in June, formalizing its long-time presence in a key market for clients in industries including life sciences, technology, healthcare, financial services, and aerospace and defense. The office will be anchored by Corporate Partner Daniela Badiola Spanos, who joins the firm from Choate Hall & Stewart, as well as Wiggin and Dana Life Sciences Chair Patti Kavee Melick and Emerging Companies and Venture Capital Partner Paul Hughes, who previously served as the firm’s Managing Partner.
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Timed Online Auction on June 11 Features Assets from Medrobotics’ 40,000-Square-Foot Massachusetts Plant
May 29, 2024A June 11 online auction by Tiger Group and Liquidity Services features intellectual property and $12 million in medical equipment and inventory from Medrobotics—including 23 of the company’s groundbreaking Flex and next-gen Flex360 surgical robotics systems.
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A&G Plans to Offer 27 Sam Ash Store Leases in 12 States Pending Bankruptcy Court Approval
May 29, 2024A&G Real Estate Partners today announced plans to market 27 store leases in 12 states on behalf of Sam Ash Music Corp., the century-old American music retailer, pending court approval.
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Wyndham Hotels & Resorts Completes Successful Debt Repricing and Upsizing
May 29, 2024Wyndham Hotels & Resorts, Inc. today announced that it successfully completed the repricing of its existing $1.1 billion Senior Secured Term Loan B Facility due May 2030. Wells Fargo Securities, LLC acted as lead arranger. Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., BofA Securities, Inc., Barclays Bank PLC, U.S. Bank National Association, The Bank of Nova Scotia and Truist Securities, Inc. acted as joint bookrunners.
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Ocorian Appoints Chief Financial Officer
May 29, 2024Ocorian, specialist global provider of fund administration, capital markets, corporate, trust and regulatory & compliance services, has recruited Craig Buick as Chief Financial Officer as it continues to strengthen its leadership team for growth.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces That Drew Pennline has Joined
May 29, 2024SLR Equipment Finance is pleased to announce Drew Pennline has joined the company as senior vice president, direct sales. In his role, Drew will help grow SLR Equipment Finance’s leasing and lending activities in Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Ohio, Delaware, Mayland, Virgina, West Virgina, & Kentucky.
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First Citizens Bank Provides $31.5 Million to Fashion Retailer for Purchase of Warehouse and Distribution Center
May 29, 2024First Citizens Bank today announced that its Middle Market Banking business provided $31.5 million in financing to national fashion retailer Jaclyn LLC for the purchase of a newly constructed industrial warehouse and distribution center in Southern California.
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