- SouthStar Capital Provides $5 Million Accounts Receivable Financing Facility for a Growing Commercial Construction Company
- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- Pathlight Capital Closes Fourth ABL Credit Fund and Second Evergreen Tranche With $1.9 Billion of Commitments
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Finacity Facilitates USD 50 Million Receivables Securitization for Kudelski S.A.
Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS.
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Crypto-Based Lending and the 2022 UCC Amendments
In this article, the author revisits cryptocurrency-based lending and how the 2022 UCC amendments provide welcome clarity to lending transactions involving digital assets.
TSL Express Daily Headlines & News
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Terminated Private Equity Deal Downtrend Signals Improving M&A Climate
July 22, 2024The number of terminated private equity-backed deals globally fell 86.2% year over year to just four in the second quarter, according to data from S&P Global Market Intelligence The decrease in terminated deals suggests a stronger closing momentum in recent periods, as buyers and sellers bridge valuation gaps more effectively.
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Cart.com Secures $105 Million in Debt Refinancing from BlackRock
July 22, 2024Cart.com (the “Company”), a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill wherever their customers are, today announced it has secured a $105 million term loan facility provided by funds and accounts managed by BlackRock (“BlackRock”).
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Slope, AI-Led B2B Payments Platform, Secures $65 Million Strategic Equity and Debt Funding Provided by J.P. Morgan and Others
July 22, 2024Following continued strong traction and robust demand, Slope has closed an additional financing round, taking total funding to $252M ($77M in equity and $175M in debt). The funding will be used to scale operations as the B2B payments platform continues serving many of the world’s largest enterprises. Alongside J.P. Morgan Payments, other participants in the round include Y Combinator, Jack Altman, and Max Altman’s new fund, Saga.
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Lloyds Bank and Oaktree Partner to Launch a New Direct Lending Facility
July 22, 2024Lloyds Bank and Oaktree Capital Management, L.P. have today announced a strategic partnership (the “Partnership”) to support UK middle-market sponsor-backed borrowers. Lloyds Bank Structured Debt Finance team will partner with Oaktree’s European Private Debt platform to provide clients with a comprehensive senior debt solution for new buyouts and refinancings with term debt, acquisition and working capital facilities in addition to agency and full ancillary product services.
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Health Catalyst Announces New Credit Facility for up to $225,000,000
July 18, 2024Health Catalyst, Inc. ("Health Catalyst" or the "Company") (Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced it has entered into a five-year term loan facility for up to $225,000,000 (the "Credit Facility" or the "Financing") with Silver Point Finance, the direct lending business of Silver Point Capital, L.P.
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Cambridge Wilkinson Investment Bank Closes $90MM Credit Facility for Infrastructure Development Company
July 18, 2024Cambridge Wilkinson is pleased to announce the close of a $90 Million credit facility for a fast-growing North American infrastructure development company. This facility will support the company's strategic expansion plans and will increase their capacity to acquire and develop prime assets
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Stellantis Announces Successful Amendment and Maturity Extension of €12 Billion Syndicated Revolving Credit Facility
July 18, 2024Stellantis N.V. announced today that it has successfully extended the maturity and amended its syndicated revolving credit facility (“RCF”) of €12.0 billion, originally signed in July 2021.
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Ascend Wellness Holdings Closes $235 Million Private Placement of Senior Secured Notes
July 18, 2024Ascend Wellness Holdings, Inc. ("AWH," "Ascend" or the "Company") (CSE: AAWH-U.CN) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, is pleased to announce that it has closed its previously announced private placement of $235 million of 12.75% Senior Secured Notes due 2029 (the "Notes").''
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Blank Rome Bolsters Energy Industry Team in Houston and Pittsburgh with Leading Transactional Group
July 18, 2024Blank Rome LLP is pleased to announce that Ryan T. Purpura, Matthew “Matt” D. Lea, and Ryan A. Haddad have joined the firm as partners and members of the Energy industry team. All three partners bring significant experience in the energy sector, with a focus on oil and gas and related energy transactions, financings, and project development.
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First Citizens Bank Provides $24 Million for Acquisition of PAM Rehabilitation Hospital in Tulsa, Oklahoma
July 18, 2024First Citizens Bank today announced that its Healthcare Finance business provided $24 million to finance the acquisition of a post-acute medical rehabilitation hospital in Tulsa, Oklahoma.
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James Camarda, Former Merrill Lynch Alternative Investments Specialist, joins Star Mountain Capital as Managing Director
July 18, 2024Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 6/30/2024) focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that James Camarda has joined as a Managing Director in Star Mountain’s Tampa, Florida office.
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TruckSmarter Announces $50 Million in Debt Financing to Continue Empowering Drivers Across the Trucking Industry
July 18, 2024TruckSmarter, a digital platform designed to assist owner-operators and trucking companies in optimizing their operations, today announced the close of a $50 million debt facility, with the option to scale to $100 million, led by CoVenture. The funding will allow TruckSmarter to continue to scale its suite of financial services to further empower truck drivers to build, manage, and grow their businesses.
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Summit Midstream Partners, LP Announces Pricing of Upsized Offering of $575 Million of Senior Secured Second Lien Notes Due 2029
July 17, 2024Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") announced today that Summit Midstream Holdings, LLC, which is a subsidiary of the Partnership, priced an upsized offering (the "Offering") of $575 million in aggregate principal amount of new 8.625% Senior Secured Second Lien Notes due 2029 (the "New Notes").
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NineDot Energy Upsizes Revolving Credit Facility to $50 Million
July 17, 2024NineDot Energy®, the leading developer of community-scale battery storage projects in the New York City metro area, today announced the closing of an additional $25 million revolving credit facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Stonebriar Closes $200mm Lease for Global Data Center
July 17, 2024Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $200 million lease financing to a global data center operator. The lease is supported by assets consisting of new, high-performance servers, data storage systems, and other networking equipment located at Lessee’s five primary US data centers.
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QuickFi Selected as Finalist for the Best Embedded Finance Solution at the 2024 Finovate Awards
July 17, 2024QuickFi® is a finalist in the New York based 2024 Finovate Awards for Best Embedded Finance Solution. Other finalists include TD Bank, Mastercard, Brex, and Clair. QuickFi is honored to be recognized among these outstanding finalist companies.
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SSG Advises Eiger BioPharmaceuticals, Inc. in the Sale of Avexitide Program Assets to Amylyx Pharmaceuticals
July 17, 2024SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Eiger BioPharmaceuticals, Inc. (“Eiger” or the “Company”) in the sale of Avexitide and its related clinical assets to Amylyx Pharmaceuticals, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The transaction closed in July 2024.
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Flatbay Capital Closes a $1MM CRE Loan for a Midstream Manufacturing and Service Company
July 17, 2024Founded in 1978, the client is a Texas-based mechanical contracting firm that offers equipment and services to bulk liquid storage terminals and the pipeline industry.
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Womble Expands International Bench in New York With Capital Markets Partner David Contreiras Tyler
July 17, 2024Womble Bond Dickinson announced today that David Contreiras Tyler has joined the firm’s New York office as a partner in the Finance, Bankruptcy, and Restructuring practice. Tyler has extensive experience advising issuers, project sponsors, underwriters, initial purchasers, placement agents, and investors on public and private offerings of debt and equity securities, with a focus on capital markets and securitization transactions originating in Latin America.
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SLR Healthcare ABL Provides Financing to a Chronic Care Physician Services Company
July 17, 2024SLR Healthcare ABL has provided a $7.5MM asset-based revolving credit facility to a chronic care physician services and technology company. The company offers around-the-clock medical coverage (primary care physicians, internal medicine doctors, nurse practitioners, and licensed clinical social workers, etc.) for its contracted skilled nursing facility clients.
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