Shiloh

Shiloh Bates, Flat Rock Global CIO, Releases Book, CLO Investing - With an Emphasis on CLO Equity and BB Notes

Retrieved on: 
Monday, August 7, 2023

JACKSON, Wyo., Aug. 7, 2023 /PRNewswire/ -- Flat Rock Global, LLC ("Flat Rock") today announced the release of CLO Investing – With an Emphasis on CLO Equity & BB Notes ("CLO Investing"), written by Chief Investment Officer Shiloh Bates.

Key Points: 
  • JACKSON, Wyo., Aug. 7, 2023 /PRNewswire/ -- Flat Rock Global, LLC ("Flat Rock") today announced the release of CLO Investing – With an Emphasis on CLO Equity & BB Notes ("CLO Investing"), written by Chief Investment Officer Shiloh Bates.
  • The book draws on Shiloh's more than 20-year career in the CLO (Collateralized Loan Obligations) space.
  • Today, the CLO market has over $1 trillion in assets under management and has replaced banks as the largest lender to private equity-backed companies.
  • This is your authoritative guide to the $1 trillion CLO asset class and CLO Equity and BB Notes in particular," said Steve Nesbitt, Chief Executive Officer of Cliffwater.

ComplYant raises $5.5M to Build Digital Tax Assistant for Small Businesses

Retrieved on: 
Tuesday, February 8, 2022

Using ComplYant, U.S. small business owners can easily manage and take charge of income tax, sales tax, business licenses, and even annual reports with deadline tracking, budgeting, tax education, and more.

Key Points: 
  • Using ComplYant, U.S. small business owners can easily manage and take charge of income tax, sales tax, business licenses, and even annual reports with deadline tracking, budgeting, tax education, and more.
  • "During my time as a CPA, I saw firsthand how small business owners struggle with managing their tax deadlines.
  • "ComplYant is a no-brainer for any small business owner to navigate complex tax rules and requirements," said Michael Tam, partner at Craft Ventures.
  • The new funding will allow ComplYant to build even more tax tools that small businesses need.

Aludyne Acquires Shiloh Industries' CastLight Business to Strengthen Leadership in Lightweighting Solutions

Retrieved on: 
Tuesday, April 13, 2021

b'SOUTHFIELD, Mich., April 13, 2021 /PRNewswire/ -- Aludyne announced today that it has acquired Shiloh Industries\' CastLight division.\nThe CastLight acquisition strengthens and expands Aludyne\'s position as a lightweighting solutions provider.

Key Points: 
  • b'SOUTHFIELD, Mich., April 13, 2021 /PRNewswire/ -- Aludyne announced today that it has acquired Shiloh Industries\' CastLight division.\nThe CastLight acquisition strengthens and expands Aludyne\'s position as a lightweighting solutions provider.
  • With the acquisition of Shiloh Industries\' CastLight business, Aludyne expands its product offering with high integrity, thin-walled components used in electrified drivetrains, e-motor housings, battery trays and automotive structural components.\n"We welcome the CastLight employees in North America, Europe and Asia to the Aludyne team," said Andreas S. Weller, President and CEO of Aludyne.
  • "Together we are a stronger company delivering innovative solutions to the mobility industry and meeting the needs of our customers globally.
  • Shiloh provides multi-component, multi-material solutions, along with a proprietary line of noise and vibration reducing ShilohCore acoustic laminate products.

Brad E. Tolley Named President of Shiloh Industries

Retrieved on: 
Thursday, January 21, 2021

MiddleGround Capital, a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors, has appointed Brad E. Tolley, president of Shiloh Industries.

Key Points: 
  • MiddleGround Capital, a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors, has appointed Brad E. Tolley, president of Shiloh Industries.
  • Tolley takes the helm following MiddleGround Capitals recent acquisition of Shiloh, an environmentally focused global supplier of lightweighting, noise and vibration solutions.
  • During his tenure, he has been instrumental in the companys significant growth and development globally, expanding Shiloh into Europe and Asia.
  • Prior to joining Shiloh, Tolley was vice president of strategy and marketing at Varroc Lighting Systems.

MiddleGround Capital Acquires Shiloh Industries, Inc.

Retrieved on: 
Tuesday, December 1, 2020

MiddleGround Capital announced today that it has acquired majority ownership of Shiloh Industries, Inc.

Key Points: 
  • MiddleGround Capital announced today that it has acquired majority ownership of Shiloh Industries, Inc.
  • MiddleGround is actively investing in lower middle market B2B industrial businesses headquartered in North America from its first institutional fund.
  • Shiloh is a global innovative solutions provider focusing on light weighting technologies that provide environmental and safety benefits to the mobility market.
  • MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors.

Shiloh Industries, Inc. Receives Court Approval of Bidding Procedures

Retrieved on: 
Friday, September 25, 2020

The Company also received final approval for a number of its First Day motions related to the Companys voluntary Chapter 11 petitions filed on August 30, 2020.

Key Points: 
  • The Company also received final approval for a number of its First Day motions related to the Companys voluntary Chapter 11 petitions filed on August 30, 2020.
  • Under the approved bidding procedures, interested parties must submit qualified bids to acquire the Company no later than 5:00 PM ET on October 26, 2020.
  • Shiloh continues to have sufficient liquidity to operate its business, with access to up to $18.1 million in DIP financing for which the Court previously granted interim approval.
  • Shiloh has approximately 3,450 dedicated employees with operations, sales and technical centers throughout Asia, Europe and North America.

Shiloh Industries, Inc. Receives Court Approval of "First Day" Motions to Support Business Operations

Retrieved on: 
Thursday, September 3, 2020

We are pleased to have received the Court authorization we need to continue our operations during the sale process, said Cloyd J. Abruzzo, Interim chief executive officer of Shiloh.

Key Points: 
  • We are pleased to have received the Court authorization we need to continue our operations during the sale process, said Cloyd J. Abruzzo, Interim chief executive officer of Shiloh.
  • I would also like to thank our employees for their continued dedication to our company.
  • Shiloh intends to pay its suppliers in full under normal terms for goods and services provided on or after August 30, 2020.
  • Shiloh has approximately 3,450 dedicated employees with operations, sales and technical centers throughout Asia, Europe and North America.

The Jamaican Dancehall Pioneer Buju Banton Celebrates His Birthday With Fans Around The World And Recieves A Special RIAA Gold Album For His 1995 Seminal Album 'Til Shiloh

Retrieved on: 
Friday, July 17, 2020

"Buju Banton's determination and discovery led him to create one of the most seminal albums in the dancehall reggae genre.

Key Points: 
  • "Buju Banton's determination and discovery led him to create one of the most seminal albums in the dancehall reggae genre.
  • Remarkably, 'Til Shiloh is the only RIAA certified reggae album in the past year.
  • "Thank you to everyone," said Buju Banton, who thanked his entire team who worked on the recording.
  • (His nickname "Buju" came from a Jamaican breadfruit due to his childhood appetite; his chosen surname toasted his deejay hero Burro Banton.)

Shiloh Industries, Inc. Amends Agreement with Bank Lenders to Provide Additional Financial Flexibility as It Resumes Production Across Its Global Operations

Retrieved on: 
Monday, June 15, 2020

Among other things, the amendments provide certain covenant relief as the Company continues to resume production across its global operations.

Key Points: 
  • Among other things, the amendments provide certain covenant relief as the Company continues to resume production across its global operations.
  • Shiloh now has safely restarted nearly all of its global production facilities as the Company ramps up production to continue to serve customers.
  • We are pleased to reach this agreement with our lenders, which ensures liquidity and additional financial flexibility as we continue to navigate the current environment, said Cloyd J. Abruzzo, Interim Chief Executive Officer.
  • Shiloh has approximately 3,600 dedicated employees with operations, sales and technical centers throughout Asia, Europe and North America.

Shiloh Industries, Inc. Withdraws FY2020 Outlook Due to COVID-19 Uncertainty

Retrieved on: 
Friday, May 8, 2020

Shiloh will provide a business update and a more detailed analysis of how it has been impacted by the COVID-19 pandemic in conjunction with its next earnings report.

Key Points: 
  • Shiloh will provide a business update and a more detailed analysis of how it has been impacted by the COVID-19 pandemic in conjunction with its next earnings report.
  • Shiloh Industries, Inc. (NASDAQ: SHLO) is a global innovative solutions provider focusing on lightweighting technologies that provide environmental and safety benefits to the mobility market.
  • Shiloh designs and manufactures products within body structure, chassis and propulsion systems.
  • Shiloh has approximately 3,600 dedicated employees with operations, sales and technical centers throughout Asia, Europe and North America.