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Joel Moss Joins Cahill’s New York Office as a Bankruptcy and Restructuring Partner
Cahill Gordon & Reindel LLP announced today that Joel Moss has joined the firm as a partner in its Bankruptcy & Restructuring practice.
Mr. Moss’s practice focuses on representing a broad range of clients including financial institutions, hedge funds, direct lenders and ad hoc secured lender and noteholder groups in complex in-court and out-of-court restructurings, workouts, rescue financings, liability management transactions and DIP and exit financings. He also has substantial experience advising financial institutions and hedge funds in connection with the mitigation of risks associated with derivative, futures and securitization transactions.
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Terry M. Keating is managing partner of Donald J. Keating & Sons.
Donald J. Keating & Sons provides broad-based consulting and advisory services to middle market companies and private equity with orientation to the financial services industry. Terry has over 30 years of leadership and operational experience knowledge and expertise developing “best practices” necessary for success serving as the leader | advisor within the financial services sector. Terry is currently serving as an independent member of the Board of Directors of a private equity owned commercial finance company and serving as a special advisor to an independent private equity sponsor.
TSL Express Daily Headlines & News
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Ampla Secures $275 Million Credit Facility from Citi and Waterfall Asset Management to Fuel Continued Expansion
December 20, 2023Ampla, a leading provider of innovative financial solutions for consumer brands, announced today the successful closure of a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.
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Monroe Capital Supports Carousel Capital Partners’ Expedited Travel
December 20, 2023Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinancing of Expedited Travel, an existing portfolio company of Carousel Capital Partners.
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Bird Enters into Comprehensive Restructuring Support Agreement with First- and Second-Lien Lenders to Strengthen Financial Position
December 20, 2023Bird Global, Inc. (OTCQX: BRDS), ("Bird" or the "Company") a leader in environmentally friendly electric transportation, today announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth.
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CIT Northbridge Credit Provides Working Capital Financing to Winona Foods
December 20, 2023First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, has provided working capital financing via a revolving line of credit to Winona Foods in Green Bay, Wisconsin.
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Austin Financial Services Closed a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 20, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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StoneCo. Announces $467.5 Million Credit Facility From DFC to Strengthen Working Capital of Micro, Small, and Medium Businesses
December 19, 2023StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or “the Company”) announced that it has obtained a commitment of US$467.5 million in the form of a revolving securitization facility from the United States International Development Finance Corporation (DFC), an agency of the United States government.
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Fifth Third Announces Leadership Changes
December 19, 2023The Board of Directors voted to appoint Tim Spence chairman of the board. Spence succeeds Nick Akins, who has been elected lead independent director. Spence’s responsibilities will include chairman, chief executive officer and president, Fifth Third Bancorp. Jamie Leonard, currently chief financial officer, will become chief operating officer (COO) with oversight of the Bank’s largest customer-facing employee groups.
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Rosenthal Closes 2 Midwest-Based Deals for $4 Million
December 19, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
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Rosenthal Closes 2 Midwest-Based Deals for $4 Million
December 19, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility.
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FrontWell Capital Partners Upsizes Senior Secured Credit Facility to Mara Technologies to CAD$45 Million
December 19, 2023FrontWell Capital Partners Inc. (“FrontWell”) today announced the increase of its secured credit facility with Mara Technologies Inc. and Mara Technologies USA Inc. (“Mara”) to CAD$45 million. Mara is a manufacturer of electronic boards and assemblies focused in infrastructure, broad band communications and power management systems.
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Churchill Asset Management Closes Second Collateralized Fund Obligation Investing in Nuveen Private Capital Flagship Strategies
December 19, 2023The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital, including U.S. senior lending, junior capital and equity co-investment, as well as European direct lending and capital solutions.
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Houlihan Lokey Expands Transaction Opinions and Board Advisory Capabilities With Senior Hires
December 19, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Keith Kushin has joined the firm as a Managing Director in its Transaction Opinions and Board Advisory practices. Mr. Kushin is based in New York and will expand the firm’s transaction opinions services for its clients in North America.
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Trinity Capital Inc. Continues Life Sciences Growth, Hires Industry Veteran Ryan Kaeding as Managing Director
December 19, 2023Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced the appointment of Ryan Kaeding as Managing Director, Life Sciences in San Diego, California. Mr. Kaeding, a veteran in the venture ecosystem, has been supporting venture capital-backed growth-stage companies for 20+ years.
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Connext Networks Announces Debt Financing to Accelerate Fiber Deployment
December 19, 2023Connext Networks, LLC (Connext), a Utah fiber infrastructure provider serving business and retail internet customers, announced the successful completion of a $70 million credit facility, including a $50 million accordion, arranged by Woodforest National Bank.
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Austin Financial Services Closes a $5MM ABL Credit Facility to a PE-owned Telecommunications Company
December 19, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $5MM ABL facility to a provider of communications and VoIP solutions to large enterprise businesses. Proceeds from AFS’ revolver were used to refinance the bank facility, with additional availability to support increased demand from existing customers, and to meet the Company’s long-term growth targets.
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OceanaGold Refinances Revolving Credit Facility With Improved Terms
December 18, 2023OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") announces it has refinanced its revolving credit facility. The new facility is supported by a group of seven leading international banks, five of which were part of the previous revolving credit facility.
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Sound Point Capital Partners With iCapital Marketplace
December 18, 2023Sound Point Capital Management, LP ("Sound Point"), an alternative asset management firm with approximately $46 billion of assets under management, announced today they have joined iCapital’s Marketplace, a platform offering a robust suite of alternative investment solutions to financial advisors and their clients.
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Webster Signs Definitive Agreement to Acquire Ametros
December 18, 2023Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
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Rosenthal Closes 20+ Transactions Totaling Nearly $600MM in Volume in Second Half 2023
December 18, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans.
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Iron Horse Credit Provides $6.8MM in Funding Across Multiple Companies
December 18, 2023Iron Horse Credit, a leading inventory lender, is pleased to announce $6,800,000 in recent fundings across six existing clients. These line increases will enhance the client’s liquidity going into 2024.
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