Trade Finance Solutions served as lead financier for the completion of the second tranche of a $100 million supply chain finance program for a Southeastern U.S. mobile technology company.
Trade Finance Solutions funded a $3 million ABL revolving credit facility for a New York-based manufacturer of jewelry and other consumer products.
Trade Finance Solutions funded a cross border $3.5 million ABL credit facility to a water and vacuum services provider in the oilfield industry.
Barry Kastner, formerly executive vice president and head of ABL at Bibby Financial Services, joined Trade Finance Solutions as senior managing director and national business development director.
As part of its 2017 expansion plan, Gerber Finance created a partnership with Global Fund Holding, parent company of Miami-based Trade Finance Solutions. Gerber will raise its finance cap from $10 million to $15 million.
Trade Finance Solutions appointed Rebecca Mackenzie as senior credit director at its European headquarters in London. She joins from PNC Financial Services UK.
Trade Finance Solutions expanded into Europe with the opening of its UK headquarters in London. TFS acquired an experienced team of lenders, headed by Corporate Finance expert Chris Ash, who was named president of TFS Europe.
Karim Habib joined Trade Finance Solutions as managing director, Business Development. Habib will be responsible for originating new business relationships with clients and industry professionals across Canada.
Trade Finance Solutions provided a $8.65 million supplier credit facility to a Slovakia-based manufacturer of specialty fibers.