- Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
- Canacol Energy Announces Agreement for Debtor in Possession (“DIP”) Financing
- Pathlight Capital Closes Fourth ABL Credit Fund and Second Evergreen Tranche With $1.9 Billion of Commitments
- ArentFox Schiff Welcomes Corporate Partner Julia Zhu-Morelli in Los Angeles
- MidCap Financial Announces Key Leadership Appointments as Part of Planned Succession
TSL Express Daily Articles & News
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Siena Healthcare Finance Provided a $15 Million Credit Facility to Optalis Health & Rehabilitation
Siena Healthcare Finance today announced the closing of a $15MM working capital facility for Michigan based Optalis Health & Rehabilitation. Siena provided the line of credit for Optalis’ acquisition of a new SNF group.
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On March 18, SFNet hosted a Webinar, “Cybersecurity: Evaluating and Mitigating Borrowers' Risk to Cyber Breaches”. It discussed current trends in cyber threats to commerce and the potential impact to borrowers, and the steps lenders and borrowers can take to guard against and mitigate and recovery from cyber-attacks or data breaches. Panelists focused on due diligence steps lenders should consider in assessing risk and the steps they may need in their lending agreements.
Tina Capobianco, senior vice president, J D Factors served as moderator. Panelists included Thomas J. DeMayo, principal, Cybersecurity and Privacy Advisory, PKF O'Connor Davies, LLP; Steven Teppler, of counsel, Mandelbaum Barrett P.C. and Louis Natale, chief credit officer, White Oak Commercial Finance. PFK Clear Thinking and White Oak Commercial Finance sponsored the webinar.
TSL Express Daily Headlines & News
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Greystone Names Debby Jenkins and Mordecai Rosenberg Co-Presidents of Lending Business Platform
February 12, 2024Greystone announced that Debby Jenkins and Mordecai Rosenberg have been appointed Co-Presidents of the firm’s comprehensive lending business platform, effective immediately, and will report directly to Steve Rosenberg, founder and CEO of Greystone.
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NanoString Announces Completion of Financing to Support Restructuring Process
February 12, 2024NanoString Technologies, Inc. (NASDAQ: NSTG), a leading provider of life science tools for discovery and translational research, today announced the Company has entered into a credit agreement with its existing lenders comprised of (a) $12,500,000 in new money term loans which have already been approved for funding pursuant to the February 5 interim order of the U.S. Bankruptcy court approving the credit facility.
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Blue Owl Capital to Partner with Lunate to Invest in Private Market Investment Managers
February 12, 2024Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, and Lunate, a global alternative investment manager headquartered in Abu Dhabi, managing US$105 billion in assets, announced today a joint venture to provide growth capital to leading mid-sized private capital GPs.
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CohnReznick Earns Two Awards at 15th Annual Americas M&A Atlas Awards
February 12, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has been recognized with two awards by Global M&A Network at its 15th annual Americas M&A Atlas Awards. The firm earned awards for U.S.A. Private Equity Deal of the Year | Small Markets and Hospitality & Services Private Equity Deal of the Year. Award winners were announced during the 15th Annual Americas M&A Atlas
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The Private Bank at PlainsCapital Names New Chief Investment Officer
February 12, 2024PlainsCapital Bank recently announced that Andrew Cunningham, CFA®, CMT®, ChFC® has been named Senior Vice President, Chief Investment Officer of The Private Bank at PlainsCapital.
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Trinity Capital Inc. Provides $20 Million Equipment Financing to Formlogic
February 12, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies.
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Boxwood Partners Maintains Momentum, Closes Record Number of Transactions
February 12, 2024Boxwood Partners continued its growth trajectory in 2023 as the premier advisor for middle market clients across the franchising, residential services, commercial and industrial services, health and wellness, and business services sectors. Taking 17 deals across the finish line in 2023, the trusted boutique investment bank projects another banner year for M&A activity in 2024.
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Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials
February 12, 2024The transaction will be financed by cash on hand and committed debt financing of $3 billion provided by Morgan Stanley Senior Funding, Inc. Following the closing, Masonite will operate as a reportable segment and will maintain Masonite’s brands and a presence in Tampa, Florida.
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Francis C. Meagher Joins Mitsubishi HC Capital Canada as Vice President, Legal Affairs and Senior Counsel, Institutional Transactions & Special Loans
February 8, 2024Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, is pleased to announce that Francis C. Meagher has joined the company as Vice President, Legal Affairs and Senior Counsel, Institutional Transactions & Special Loans.
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Constellation Software Inc. Announces U.S.$1 Billion Private Offering of Senior Notes
February 8, 2024Constellation Software Inc. (TSX: CSU) (the “Company”) announced today that it has priced a private offering of U.S.$500 million aggregate principal amount of 5.158% senior notes due 2029 and U.S.$500 million aggregate principal amount of 5.461% senior notes due 2034 (collectively, the “Notes”).
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FLEETCOR® Upsizes Credit Facility by $600 Million; Establishing 10b5-1 Plan to Repurchase Shares
February 8, 2024Bank of America, N.A. is the Administrative Agent and BOFA Securities, Inc., PNC Capital Markets, LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Bookrunners Fifth Third Bank, National Association, BMO Bank N.A., The Bank of Nova Scotia, and Citizens Bank, N.A., as Co-Documentation Agents Barclays Bank, PLC, Citibank, N.A., and JP Morgan Chase Bank, N.A. as Co-Managing Agents.
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Cineplex Announces Proposal to Amend its Convertible Debentures as Part of a Comprehensive Refinancing Plan
February 8, 2024Cineplex Inc. ("Cineplex"), a leading entertainment and media company, announced today a proposal to amend the terms of its 5.75% convertible unsecured subordinated debentures due September 30, 2025 (the "Convertible Debentures") as part of a comprehensive refinancing plan to improve financial flexibility and strengthen its balance sheet.
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Amer Sports, Inc. Announces Launch of Proposed Senior Secured Notes Offering
February 8, 2024Amer Sports, Inc. (“Amer Sports,” “we,” “us” or the “Company”), a global group of iconic sports and outdoor brands, announced today that its wholly-owned subsidiary, Amer Sports Company (the “Issuer”), has launched an offering of $600 million aggregate principal amount of new senior secured notes due 2031 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
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Timbercreek Financial Secures $510 Million Revolving Credit Facility
February 8, 2024Timbercreek Financial Corp. (TSX: TF) (“Timbercreek Financial” or the “Company”) is pleased to announce that on February 8, 2024, the Company entered into a third amended and restated credit agreement (the “New Credit Agreement”) with a syndicate of 9 lenders for revolving credit facilities in an aggregate amount of $510 million (which includes a $20 million swingline facility).
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Tiger Group and AVGear.com Announce Inaugural Spring Pro AV Auction
February 8, 2024Tiger Group andAVGear.com today announced a collaboration that will bring a wide array of new, refurbished and certified professional audio visual equipment to the market across North America and globally.
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Lafayette Square Provides Financing to Support Growth of Marshall & Stevens
February 8, 2024Lafayette Square, a national investment platform, announced today that it has provided financing to support the growth of Marshall & Stevens. Marshall & Stevens is a leading provider of independent valuation and advisory services, providing multi-disciplinary solutions for independent assessments of corporations, debt and equity instruments, infrastructure, intangible assets, litigation support, machinery and equipment, and real estate.
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BNP Paribas Partners with Blackstone for Private Credit Fund
February 8, 2024BNP Paribas Wealth Management and BNP Paribas Cardif announce a partnership with Blackstone, the world’s largest alternative asset manager, to offer “Blackstone European Private Credit Fund”, a new unit-linked private debt-backed unit-linked account.
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First Eagle Alternative Credit Announces Organizational Changes
February 8, 2024First Eagle Alternative Credit (“FEAC”) today announced that President Chris Flynn plans to leave the firm in early 2025. Effective immediately, Flynn will share the title of FEAC Co-President with Jim Fellows, Chief Investment Officer of FEAC. Fellows will become President upon Flynn’s departure, while continuing to serve as CIO, and this period of co-leadership is intended to promote a smooth transition of responsibilities.
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Pagaya Closes Five-Year $280M Credit Facility with BlackRock, UBS, JPMorgan Chase and Other Lenders
February 8, 2024Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital (“BlackRock”), UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank.
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Arglass Secures Over $230 Million Investment for Second Cutting-Edge Facility
February 7, 2024Glass container manufacturer Arglass has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia. Arglass raised a combination of structured equity and debt to finance the construction.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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