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TSL Express Daily Articles & News
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BMO Announces Executive Appointment
BMO today announced the appointment of Darrel Hackett as U.S. Chief Executive Officer of BMO Financial Group, President & CEO of BMO Harris Bank N.A., and CEO of BMO's U.S. holding company, BMO Financial Corp. (BFC). Mr. Hackett will report to Chief Executive Officer Darryl White, join the bank's Executive Committee, and will chair the U.S. Management Committee. His appointment is effective June 1, 2023.
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A Look at Continued Inflation and Its Impact on a Group of Key Industries
In this article, Hilco experts from across the Valuation Services team discuss how the ongoing inflationary environment is impacting a broad range of industries from a cost, pricing and operational perspective.
TSL Express Daily Headlines & News
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KKR Sells Stake in Chord Music Partners Portfolio to UMG and Dundee Partners Investor Consortium
February 20, 2024Universal Music Group (UMG), the world-leader in music-based entertainment, and Dundee Partners, the investment office of the Hendel family, today announced that UMG will acquire a 25.8% interest in Chord Music Partners (Chord) for US$240 million (approximately €223 million when translated into € at today’s current EUR/USD rate), in a deal that values Chord at US$1.85 billion.
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Greenalia Secures $200 Million of 3-Year Credit Facilities
February 20, 2024Greenalia S.A. (the "Company" or "Greenalia"), a leading Spanish developer of renewable power projects, today announced the close of $200 million of three-year credit facilities to support the development of its solar and wind project pipeline in the U.S. Greenalia Power US Advanced II, LLC ("Greenalia US" or the "Borrower") is a subsidiary of Greenalia that acquires, develops, constructs and operates utility-scale solar, wind and energy storage projects in the U.S.
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Montrose Environmental Group Upsizes Credit Facility to $400 Million
February 20, 2024Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG), today announced that it has upsized its Senior Secured Credit Agreement (“Credit Facility”) to $400 million. The additional $100 million of availability includes a $50 million increase in the revolving credit facility to $175 million and a $50 million increase to the term loan.
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Gray Announces Closing and Upsizing of Revolving Credit Facility Refinancing and Announces Update on Term Loan and BMI Sale Proceeds
February 20, 2024Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that it has closed a refinancing and upsizing of its revolving credit facility and has postponed its planned opportunistic refinancing of its $1.19 billion term loan due in 2026, due to recent market conditions.
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Tech-Enabled Private Credit Asset Manager Liquidity Group Strengthens Ties with Institutional Investors with Senior Hires
February 20, 2024Liquidity Group, the global $2.5B AUM asset manager specializing in growth-stage private credit, added three executives to lead its newly formed Financial Institutions Group (FIG). Reggie Mills, Robert Amato and Sonia Peterson now hold roles as Head of FIG; Head of FIG, North America; and Head of FIG, Europe respectively.
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Trident Royalties PLC Announces Completion of Revolving Credit Facility
February 20, 2024Trident Royalties Plc ("Trident" or the "Company") (AIM:TRR)(OTCQB:TDTRF) is pleased to announce that, following the announcement on 29 November 2023, the Company has now signed the facility agreement with BMO Capital Markets and CIBC for a new US$40 million revolving credit facility (the "RCF"), with an option to increase the facility to US$60 million via an accordion feature.
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Golub Capital Acted as Sole Lender on Unitranche Facility for Agilio Software
February 20, 2024Golub Capital acted as Sole Lender on a unitranche facility to support the acquisition of Agilio Software (“Agilio”) by Five Arrows and TA Associates (“TA”). Terms of the deal were not disclosed.
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U.S. Small Businesses Increasingly Upbeat About the Economy—and Their Banks
February 20, 2024-Increased optimism among small businesses about the U.S. economy is carrying over to their banking relationships. Falling inflation, a friendlier Federal Reserve and diminishing concerns about a recession have elevated small business owners’ and executives’ outlook for the economy to the strongest levels since 2022, according to new data from the Greenwich Business Community.
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New England Consulting Partners Marks Milestone Growth with Promotions
February 20, 2024New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.
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Republic Business Credit Provides Non-Borrowing Traditional Factoring Facility to Apparel Company
February 20, 2024Republic provided a non-borrowing traditional factoring facility to help reduce the company’s payment risk. Republic gave the company comfort that its shipments would be paid for in full, so the company could focus on growing its new brand.
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Norsk Hydro: Hydro Signs New USD 1,000 Million Revolving Credit Facility
February 20, 2024Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction. In addition, Danske Bank and ING acted as the Bookrunners, while BNP Paribas, Citibank, Goldman Sachs Bank, Handelsbanken, JP Morgan, Nordea Bank, and SEB participated in the transaction as Mandated Lead Arrangers.
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First Business Bank Announces Commercial Banking Promotion
February 20, 2024Schremp has more than a decade of commercial banking experience. First Business Bank hired Schremp as a credit analyst in 2013. He eventually moved to the commercial banking team.
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Mountain Ridge Capital Provides $29 Million Credit Facility Designer and Manufacturer of Plastic Injection Products
February 20, 2024Mountain Ridge Capital (“MRC”) is pleased to announce the closing of a $29 million senior secured credit facility for a category-leading designer and manufacturer of plastic injection products.
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Northleaf Leads $75 Million Senior Secured Credit Facility for Duetti
February 16, 2024Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.
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MB2 Dental Raises US$2.344bn Unitranche Debt Facility With KKR
February 15, 2024Leading dental partnership organization (“DPO”), MB2 Dental has closed a US$2.344bn unitranche debt facility with credit vehicles and accounts managed by KKR, which acted as Lead Investor and Arranger on the transaction.
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Cineplex Announces Pricing of Private Placement Notes Offering
February 15, 2024The Notes Offering is being underwritten by BMO Capital Markets and Scotiabank, as joint active bookrunning managers, in a syndicate that also includes RBC Capital Markets and TD Securities, as joint bookrunning managers, and CIBC Capital Markets and Canaccord Genuity Corp., as co-managers.
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Electrovaya Announces Increase in Credit Facility to C$22 million
February 15, 2024Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$16 million to C$22 million, with uncommitted accordions up to $4MM to increase the facility to C$26 million in the future.
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Robertshaw Takes Strategic Actions to Position the Company for Long-Term Growth
February 15, 2024Robertshaw US Holding Corporation and certain of its U.S. affiliates (“Robertshaw” or the “Company”), a leading global design, engineering, and manufacturing company, today announced that it has commenced a financial restructuring process to improve its capital structure, strengthen its business, and position the Company for future growth.
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Cambridge Savings Bank Hires Ryan Bailey as New President and Chief Executive Officer
February 15, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it has hired Ryan Bailey as the bank’s new president and chief executive officer (CEO).
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TD Bank Names Don Baker Northern New England Commercial Market President
February 15, 2024TD Bank, America's Most Convenient Bank®, has named Don Baker Commercial Market President of Northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont.
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SFNet's The 81st Annual Convention Issue

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