- Barings Closes Over $19 Billion for Global Direct Lending Strategy
- Eversheds Sutherland Welcomes Kathryn Nordick as Senior Counsel in Texas, Advancing Strategic Growth of the US Finance Practice Group
- HawkEye 360 Enters Into $125 Million Revolving Credit Facility
- CohnReznick Launches Public Finance and Sustainability Practice, led by Ted Kowalsky
- Cascadia Capital Expands Industrials Practice with Addition of Managing Director Mau
TSL Express Daily Articles & News
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SLR Credit Solutions Provides $30 Million Term Loan to Nautilus, Inc.
Nautilus, Inc., a fitness solutions company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, Europe, the Middle East, Africa, and internationally.
SLR Credit Solutions provided a $30,000,000 split lien term loan secured by all non-working capital assets of Nautilus. The incremental liquidity was created by (i) lending deeper into the domestic working capital assets (2nd lien), (ii) leveraging certain foreign jurisdictions (1st lien) and (iii) leveraging the value of the Company’s intellectual property / brand value (1st lien).
SLR Credit Solutions provided a $30,000,000 split lien term loan secured by all non-working capital assets of Nautilus. The incremental liquidity was created by (i) lending deeper into the domestic working capital assets (2nd lien), (ii) leveraging certain foreign jurisdictions (1st lien) and (iii) leveraging the value of the Company’s intellectual property / brand value (1st lien).
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David Wisen is the CEO and co-founder of Wingspire Capital, a diversified senior secured finance company focused on originating asset-based and specialty finance loans to middle market businesses in the U.S. Transaction sizes range from $20 million to $200 million, and proceeds are used to finance growth, M&A, dividend recapitalizations, restructurings, and turnarounds. Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC). Here, Wisen discusses Wingspire’s first two years, leading through COVID, new talent coming on board, its relationship with Blue Owl Capital and plans for the next several years.
TSL Express Daily Headlines & News
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HighPeak Energy, Inc. Announces the Closing of a $1.2 Billion Term Loan Financing and Company Update
September 18, 2023HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced the successful completion of a transformative debt refinancing. The Company entered into a senior secured term loan credit agreement (the “2023 Term Loan”) among the Company, as borrower, Texas Capital Bank (“Texas Capital”), as Administrative Agent, and Chambers Energy Management, LP (“Chambers”), as Collateral Agent.
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Eric McGriff Assumes Role of Chief Risk Officer at 36th Street Capital
September 18, 202336th Street Capital, a prominent provider of equipment financing solutions, proudly announces the immediate appointment of Eric A. McGriff as its new Chief Risk Officer (CRO). Mr. McGriff takes the reins from Gerry Kammerer, the longstanding CRO of 36th Street Capital, who will transition into an advisory capacity.
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Comvest Credit Partners Provides Financing to HighFive Healthcare to Support Expansion Strategy
September 18, 2023Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for HighFive Healthcare (“HighFive”, or the “Company”), a Birmingham, Ala.-based specialty dental service organization (“DSO”).
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Santander Bank Closes $250 Million Deal with Wind Turbine & Energy Cables Corp
September 18, 2023Santander acted as administrative agent, joint lead arranger and joint bookrunner on the credit facility and is one of eight international and U.S.-based banks providing financing to support WTEC’s production, logistics, fleet management and day-to-day operations.
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Tyler Jones Named Georgia Banking Company (GBC) Griffin Market President
September 18, 2023After eight years of diverse experiences across the financial services industry, Tyler Jones is returning home to Griffin, Georgia, as the newly appointed Market President for Georgia Banking Company (GBC).
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Texas Capital Strengthens Energy Industry Coverage
September 18, 2023Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital and Texas Capital Securities, announced key leadership appointments and enhanced capabilities as part of its Corporate & Investment Bank offerings for the energy sector.
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US Bank Launches Banking, Payments Services for Smaller Medical Practices
September 18, 2023U.S. Bank says it wants to give smaller medical practices the same financial help as their larger counterparts. The bank on Thursday (Sept. 14) announced a program to offer banking, payments and wealth management services for healthcare practices with up to $25 million in yearly revenue.
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Commercial Finance Partners Closes $15,000,000 Cash Flow Loan with a $5,000,000 Multi Delayed Draw Term Loan
September 18, 2023Commercial Finance Partners (CFP) is proud to announce the closing of a $15,000,000 enterprise value-based cash flow term loan with a $5,000,000 multi delayed draw term loan for the refinance and de novo growth strategy of a specialty dentures and implants DSO.
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Bladex Acts as Joint Lead Arranger for Ecopetrol US$1bn Term Loan Facility
September 14, 2023Bladex acted as Joint Lead Arranger and three additional financial institutions joined the facility including Deutsche Bank AG as Global Coordinator and Joint Lead arranger. The funds from the Facility will be used to fund Ecopetrol's organic investment plan in 2023.
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Sycamore Tree Capital Partners Closes Fourth CLO Totaling $405 Million
September 14, 2023-Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-4, Ltd. (“STCP CLO 4” or “the Fund”), the Firm’s fourth collateralized loan obligation since launching the CLO platform in July of 2021 and the Firm’s third CLO in 2023.
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Safe Harbor Financial Originates $3 Million First Lien Secured Loan for a Leading THC-infused Beverage Company
September 14, 2023SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a leader in facilitating financial services and credit facilities to the regulated cannabis industry, today announced that it has originated a $3 million loan for a Washington-based organic, THC-infused beverage company to support its expansion into the California market.
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Helios Towers Agrees to new Loan and Credit Facility
September 14, 2023Helios Towers PLC on Thursday said it has signed a new five-year term loan facilities agreement of up to USD600 million and a revolving credit facility agreement for up to USD120 million.
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The Prax Group Announces Successful Closing of a US$300 Million Private Credit Facility
September 14, 2023The Prax Group ("Prax") – a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream – has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility").
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Leonid Capital Partners Secures $200 Million Credit Facility from Victory Park Capital to Support Government Contractors
September 14, 2023Leonid Capital Partners (“LCP”), a Huntington Beach-based specialty credit fund, announced today that it has secured a $200 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The credit facility will be used to leverage LCP’s first institutional fund and finance a portfolio of loans to contractors serving the U.S. Department of Defense (“DoD”).
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Zions Bancorporation Completes Asset-Based Lending Deal With Product Manufacturer
September 14, 2023Zions Bancorporation, N.A., through its Utah division, Zions Bank closed and funded a $4,000,000 credit facility for a client in design, manufacture, and logistics. The credit facility consisted of a multi-year revolving line of credit.
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US Capital Global Securities Advises on $10MM Financing for Multi-Award-Winning Smart Card Cybersecurity Firm
September 14, 2023US Capital Global Securities LLC, an affiliate of US Capital Global, has provided customized financial advisory services for Danish high-security smart card provider CardLab ApS (“CardLab” or the “Company”), culminating in a $10 million offer for convertible note financing. CardLab provides best-in-class technical design and manufacturing support for biometric card solutions, including scalable security platforms and seamless integration into existing cybersecurity infrastructure.
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Unlock Technologies and Saluda Grade Secure $100 Million Revolving Credit Facility Led by Texas Capital
September 14, 2023Unlock Technologies Inc. (Unlock), a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, have secured a $100 million revolving credit facility led by Texas Capital Bank (Texas Capital).
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Regions Bank Announces Newly Appointed Risk Management Executives
September 14, 2023Regions Bank on Wednesday announced Anna Brackin has been appointed to serve as Chief Compliance Officer overseeing the company’s compliance risk management program. In addition, Gary Walton recently joined the bank as Business Unit Chief Risk Officer for Regions’ Consumer Banking and Wealth Management divisions.
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Blackstone (BX) Combines Its Credit and Insurance Groups
September 14, 2023Blackstone Inc. BX has integrated its corporate credit, asset-based finance and insurance groups into a single unit called the Blackstone Credit & Insurance (“BXCI”). BXCI is expected to accelerate growth by creating a more seamless experience for clients and borrowers.
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CIBC Innovation Banking Provides Performio $13 Million in Debt Financing to Drive Continued Growth and Innovation
September 14, 2023CIBC Innovation Banking announced today that it has provided $13 million in growth capital financing to Performio, an incentive compensation-software company. Performio offers a SaaS platform that unlocks the power of incentive compensation management; saving on the time, money and resources required to manage the complexity of paying people on performance
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