TSL Express Daily Articles & News
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Travel + Leisure Co. Announces Closing of $300 Million Secured Term Loan B Financing
Travel + Leisure Co. (NYSE:TNL) announced today the closing of the third amendment (the “Third Amendment”) to its existing Credit Agreement. The Third Amendment provides for an incremental term loan B of $300 million, which will mature on December 14, 2029 (the "Term Loan B").
The Company expects to use the net proceeds from the Term Loan B, available cash on hand and revolving credit facility borrowings, to redeem, repurchase or repay its outstanding $400 million 3.90% secured notes due March 2023, and to pay related fees and expenses.
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Last month, eCapital Corp., a leading capital solutions provider for small and medium-sized businesses in North America and the UK, announced it achieved substantial growth in 2020 and consolidated a total of eight acquired entities into a simplified corporate structure.
Marius Silvasan, CEO of eCapital, is responsible for leading the company’s overall vision and direction, as well as developing the overarching strategies that support its corporate goals. In this role, Silvasan balances the interests of a diverse investment community with the operational model and resources required to become a global leader in alternative lending.
TSL Express Daily Headlines & News
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Matrix Announces the Successful Sale of Vital Plastics, Inc.
July 19, 2023Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. (“Vital Plastics” or the “Company”), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners (“Wolverine Capital”).
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Audax Private Debt Provides Financing to Support Incline Equity Partners’ Acquisition of GME Supply Co.
July 19, 2023Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Incline Equity Partners (“Incline”) in their acquisition of GME Supply Co. (“GME” or the “Company”), a leading omni-channel distributor of fall protection, safety, and productivity equipment.
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ATN International Completes Renewal and Expansion of Credit Facilities
July 19, 2023ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communication services, today announced the completion of a $300 million debt financing that includes extending, and expanding its senior secured credit facilities, consisting of a five-year $170 million revolving line of credit and a six-year $130 million term loan.
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UMB Appoints New Leadership to its Institutional Banking Division
July 19, 2023UMB Financial Corporation (Nasdaq: UMBF) has announced the appointment of Phil Mason to the role of president, Institutional Banking. Brian Hutchin has been promoted to fill Mason’s prior role of director of UMB Healthcare Services.
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Carlyle Provides $175 Million Asset-Backed Credit Facility to New Regency
July 19, 2023Global investment firm, Carlyle (NASDAQ: CG), today announced it has closed a $175 million term loan to New Regency, a leading independent, founder-owned global entertainment company that creates and distributes film, television and documentary content across all platforms.
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CIBC Innovation Banking Provides Growth Capital to ConnectCPA
July 18, 2023CIBC Innovation Banking is pleased to announce it has provided growth capital financing to ConnectCPA, an industry leading provider of cloud-based accounting and bookkeeping services. The financing will be used to propel ConnectCPA's product development and expand its market footprint.
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BHI Provides $27.34 Million Senior Secured Construction Loan to 13th Floor Homes LLC, a Leading Florida-Based Investment and Development Firm
July 18, 2023BHI, a full-service commercial bank, announced that it has provided a $27,343,317 Senior Secured construction loan to 13th Floor Homes LLC to finance enhancements to and completion of Villas of Torino, a multi-family townhome community located in Port St. Lucie, Florida.
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JPalmer Collective Announces Appointment of Gerald Joseph as Chairman of Advisory Board
July 18, 2023JPalmer Collective, an asset-based lending company empowering consumer brands with personalized financing solutions that fuel sustainable growth, today announced the appointment of Gerald Joseph, founder of Gerber Finance, as Chairman of the company’s Advisory Board. Joseph brings over 27 years of experience and a wealth of knowledge to the role.
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JPalmer Collective Provides Funding to Nona Lim, the Women-Owned Asian Street Food Company Known for Providing Fresh, Convenient, Plant-Rich Comfort Food
July 18, 2023JPalmer Collective, an asset-based lending company committed to funding high-growth, women-led and natural products companies today announced the closing of a line of credit up to $1,000,000 to Cook San Francisco, LLC, dba Nona Lim, a woman-owned producer of fresh, convenient better-for-you noodles, broths and stir-fry kits based in San Francisco.
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Coty Successfully Completes Refinancing of Its Revolving Credit Facility
July 18, 2023Coty Inc. (NYSE: COTY) (“Coty” or “the Company”), announced today that it has successfully completed the refinancing of its existing $2.0 billion revolving credit facility (the “Revolving Credit Facility”). The over-subscribed refinancing extends maturity until July 2028 at the same terms to existing facilities and welcomes a strong group of top-tier existing and new creditors into our facilities.
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Avant Brands Reports Q2 Fiscal 2023 Results with Fourth Consecutive Quarter of Cash Flow from Operations, Closes $3.5 Million Credit Facility
July 18, 2023On July 17, 2023, the Company completed the closing of a $3.5 million credit facility (the "Credit Facility"), which will be secured by the real-estate of the Company's non-operational and non-licensed real property (the GreenTec BP in-construction facility) owned by GreenTec Holdings Ltd. ("GreenTec Holdings") and guaranteed by certain subsidiaries of the Company, including 3PL, Flowr Okanagan and GreenTec Holdings.
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Ares Management Corporation to Acquire Crescent Point Capital
July 18, 2023Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital (“CPC”), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of March 31, 2023.
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Houlihan Lokey Expands Consumer, Food & Retail Group With Senior Hire
July 18, 2023Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Nick Pavlidis has joined the firm as a Managing Director in its Consumer, Food & Retail Group. Mr. Pavlidis will focus on the consumer household sector, further strengthening the firm’s coverage for its corporate and financial-sponsor-backed clients. He is based in Houlihan Lokey’s Chicago office.
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Angelo Gordon Raises $1 Billion for Asset Based Specialty Private Credit Opportunities
July 18, 2023Angelo Gordon, a $73* billion alternative investment firm focused on credit and real estate investing, today announced the final close of the AG Asset Based Credit Fund, L.P. (the “Fund”) with over $1 billion of equity commitments, exceeding its $800 million target. The
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Citi, Deutsche Bank Arrange $500MM Warehouse Facility for High Ridge Aviation
July 18, 2023High Ridge Aviation – the strategic commercial aviation finance platform – is taking aviation finance to new heights, announcing a seven-year senior secured warehouse facility with an initial committed amount of $500 million.
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First Citizens Bank Serves as Lead Arranger on $70.4 Million in Financing for Two Texas Battery Storage Projects
July 18, 2023First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas, totaling 160 megawatts (MW) / 320 megawatt-hours (MWh). BankUnited N.A. and Siemens Financial Services participated as Joint Lead Arrangers in the financing.
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Lighthouse Welcomes Austin Campbell
July 18, 2023Lighthouse Financial Corp. is pleased to announce the addition of Austin Campbell to the team as Collateral Analyst & Marketing Associate. In this role, Mr. Campbell will support the operations, account management, and marketing functions at Lighthouse.
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Tradewind Finance Enters Bunkering Industry; Factoring a Natural Fit
July 18, 2023Tradewind Finance, an international trade finance firm with headquarters in Germany, has successfully entered the bunker market, delivering a USD 2 million credit facility for an international bunker trader.
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Oxford Finance’s Healthcare Leveraged Lending Group Provides 2023 Mid-Year Update
July 18, 2023Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is pleased to announce that its Healthcare Leveraged Lending Group closed a strong first half of 2023, providing approximately $1 billion of commitments across 13 new platform investments and supporting multiple follow-on investments by portfolio companies.
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Monroe Capital Supports PPC Enterprises, LLC Investment in Aduro Advisors, LLC
July 18, 2023Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the continued growth of Aduro Advisors, LLC (“Aduro”), an existing portfolio company of PPC Enterprises.
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SFNet's The 81st Annual Convention Issue
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