- TSL Feature Articles
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- Hogan Lovells Expands Corporate & Finance Practice with Addition of Krisa Benskin in Houston
- Rosenthal Capital Group Closes Two Purchase Order Financing Transactions Totaling $5 Million
- Bally’s Corporation Amends and Restates Its Commitment Letter to Increase Term Loan Availability to $1.1 Billion
TSL Express Daily Articles & News
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Jon Mooney Joins McGuireWoods in Pittsburgh
Jon R. Mooney has joined McGuireWoods’ debt finance practice as a partner in Pittsburgh after nearly a decade serving in senior legal roles at one of the nation’s largest financial institutions.
Mooney comes to the firm from the PNC Financial Services Group, Inc., where he served as managing chief counsel for corporate banking and capital markets. He was responsible for legal coverage in several diverse banking sectors, including large corporate finance, asset-backed finance, public finance and asset-based lending.
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Antonio McKinney is a business intelligence analyst with over 10 years of professional sales, workforce management and factoring experience. Antonio is an HBCU alumni, hailing from Langston University with a bachelor’s degree in Business Management. He currently works for TBS Factoring, LLC as the embedded analyst for the accounting division. Antonio resides in Oklahoma where he enjoys spending time with his wife and their 8-month-old daughter.
TSL Express Daily Headlines & News
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Wells Fargo Hires Credit Suisse Veteran as Head of Financial Sponsors
August 8, 2023U.S. bank Wells Fargo (WFC.N) said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse.
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KKR to Acquire Simon & Schuster from Paramount Global for $1.62 Billion
August 8, 2023Paramount Global (NASDAQ: PARA, PARAA) and KKR today announced the signing of a definitive agreement pursuant to which KKR will acquire Simon & Schuster for $1.62 billion in an all-cash transaction.
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Real Estate Finance Trio Joins Blank Rome in Chicago
August 8, 2023Blank Rome LLP is pleased to announce that Partner Joel V. Sestito, Of Counsel Rachel E. Mather, and Associate Olivia S. Ortiz have joined the firm’s nationally recognized Real Estate group in Chicago. Real estate finance pros, Joel, Rachel, and Olivia represent lenders in real estate and commercial loan transactions. The team joins from Akerman.
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Monroe Capital Supports Olympus Partners' Acquisition of MEI Rigging & Crating
August 8, 2023Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of MEI Rigging & Crating (“MEI”) by Olympus Partners.
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Julie A. Bonness Appointed as Senior Vice President - Global Strategic Partnerships at SAPRO
August 8, 2023SAPRO, a renowned global talent outsourcing firm providing expert professionals in tax, audit, and advisory services, is thrilled to announce the appointment of Julie Bonness as the new Senior Vice President - Global Strategic Partnerships.
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Legacy Corporate Lending Expands Team with Addition of Anthony DiChiara as Managing Director of Originations
August 8, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that Anthony DiChiara has joined the firm as Managing Director of Originations.
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Dynatronics Corporation Announces New Credit Facility
August 7, 2023Dynatronics Corporation (NASDAQ: DYNT) ("Dynatronics" or the "Company"), a leading manufacturer of athletic training, physical therapy, and rehabilitation products, today announced that on August 1, 2023 the Company and its subsidiaries entered into a new Loan and Security Agreement ("the credit facility") with Gibraltar Business Capital, LLC ("Gibraltar").
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NOG Announces Expansion of Revolving Credit Facility
August 7, 2023Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”). In connection with the redetermination, NOG entered into an amendment to the Facility that will increase the borrowing base to $1.8 billion (from $1.6 billion) and increase the elected commitment amount to $1.25 billion (from $1.0 billion).
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Credibly Announces Management Buyout
August 7, 2023Brean Capital and RBC Capital Markets served as financial advisors on this transaction, and Brean Capital also served as the placement agent.
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Gibraltar Equipment Finance Provides $1MM to Transportation Maintenance Contractor
August 7, 2023Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company and affiliate of Gibraltar Business Capital, is pleased to announce the successful completion of a $1MM equipment financing transaction.
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Flatbay Capital Funds a $1.7MM Bridge Loan to Premier Fiber Internet Provider
August 7, 2023Flatbay Capital funds a $1.7MM bridge loan to a Houston, Texas-based provider of private fiber-optic connections to cities, municipalities, and educational institutions across the state. The commercial real estate loan was secured by an owner-occupied light industrial building whose main use is a data center.
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Austin Financial Services Closes a $10MM Club Facility to a toy Manufacturer and Distributor
August 7, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM club ABL facility to a toy manufacturer and distributor. Proceeds from AFS’ revolver were used for seasonal inventory purchases and will also provide ongoing working capital to support the Company’s growth plans.
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Bright Health Group Secures Financing to Support Operations Pending the Expected Close of California Medicare Advantage Business Sale
August 7, 2023Bright Health Group, Inc. (“Bright Health” or the “Company”) (NYSE: BHG), the technology enabled, value-driven healthcare company, today announced that it entered into a credit facility with an investment partnership of New Enterprise Associates (“NEA”) with $60 million of credit capacity on August 4, 2023.
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OncoSec R&D Facility and Lab Goes to Auction on Aug. 10
August 7, 2023By order of a U.S. bankruptcy court, Tiger Group and Liquidity Services on Aug. 10 will auction OncoSec Medical Inc.’s former immunotherapy laboratory and R&D facility in San Diego.
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1st Capital Bancorp Announces Change In Executive Management Position
August 7, 20231st Capital Bancorp (the “Company”), (OTCQX: FISB), the $960 million asset bank holding company and parent company of 1st Capital Bank (the “Bank”), announced a recent change in executive management.
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Janus International Group Successfully Completes Debt Refinancing
August 7, 2023Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced a series of related transactions to refinance its debt.
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Macquarie Leads $275 Million Syndicated Financing for Precious Metals Merchant Auramet
August 7, 2023Auramet was pleased to expand its lender group to include Wells Fargo Bank. The Facility also includes previous participants Coöperatieve Rabobank U.A., N.Y. Branch, HSBC Bank USA, N.A., Commonwealth Bank of Australia, CIBC Bank USA, and Brown Brothers Harriman & Co.
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Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property
August 7, 2023Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district. Crow Holdings Capital (the “Borrower”, “Crow”) is the property developer and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with more than 70 years of history and approximately $24 billion of assets under management.
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Credit Card Fintech Petal Secures $200m Debt Facility from Victory Park Capital
August 7, 2023The credit card start-up has secured a $200 million debt facility from Victory Park Capital (VPC) and a new term loan facility for up to $20 million of incremental commitments with Trinity Capital.
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Rosenthal & Rosenthal Promotes Derek Sigler to EVP, Northeast Region Co-Portfolio Manager
August 7, 2023Rosenthal & Rosenthal has promoted Derek Sigler to EVP, Northeast Region Co-Portfolio Manager. Derek has been at Rosenthal for more than 10 years and will work alongside his colleague Josh Ceccarelli to run the Northeast factoring portfolio.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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