- The Importance of Stretching
- 275 Volunteer Projects Completed During CIT Cares Month
- White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
- CIT Serves as Sole Lead Arranger on Financing for Technology Consulting and Services Firm
- U.S. Bank Hires Dr. Tanushree Luke as Head of Artificial Intelligence
LBC Credit Partners (“LBC”), a leading provider of financing solutions to middle market companies, provided a senior secured credit facility to support the acquisition of My/Mo Mochi Ice Cream (“Company”) by an investment fund managed by Lakeview Capital, Inc. LBC served as agent and sole lead arranger for the senior secured credit facility.
TSL Express Trending Story
TSL Express Daily Headlines & News
Earth Fare Enlists Firms to Market Stores, Intellectual Property
February 11, 2020Earth Fare, which filed for Chapter 11 bankruptcy protection last week, has retained A&G Real Estate Partners to market and sell all of its stores and leases and Hilco Streamback to do the same for its intellectual property.
Knightsbridge Capital Group Announces $100 Million Credit Agreement with BCI
February 11, 2020Knightsbridge Capital Group, an asset-based lender based in Vancouver, is pleased to announce that it has entered into a credit agreement with British Columbia Investment Management Corporation ("BCI") for a $100 million operating facility to leverage one of its asset-based funds - Maynbridge Capital Inc. Raymond James' Private Capital Solutions Investment Banking Group advised Knightsbridge Capital Group on the new leverage facility.
Noble Roman's Completes Strategic New Financing Package
February 11, 2020Noble Roman's, Inc. (NROM), the Indianapolis based franchisor and operator of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub announced today that it has completed a new financing package that provides for three new company-owned Craft Pizza & Pub locations, the repayment of its existing term loan and the repayment of all non-extended subordinated convertible debt.
PQ Group Holdings Announces Successful Repricing and Extension of Term Loan Facility
February 11, 2020PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, materials, chemicals, and services, announced today that its indirect, wholly owned subsidiary, PQ Corporation (the “Company”) has successfully secured commitments to amend its existing senior secured term loan facility (the “Amended Term Loan Facility”) in an aggregate principal amount of $947.5 million at a lower interest rate margin and with an extended maturity.
Agile Therapeutics, Inc. Enters into up to $35 Million Loan Facility with Perceptive Advisors
February 11, 2020Agile Therapeutics, Inc. (AGRX), a women’s healthcare company, today announced that it has entered into a senior secured term loan credit facility with Perceptive Advisors to provide Agile with up to $35 million through term loans in three tranches: $5 million was funded today after the satisfaction of customary closing conditions, $15 million will be available if Twirla® is approved by the U.S. Food and Drug Administration (“FDA”), and $15 million will be available upon the achievement of certain revenue milestones
Ares Management Provides $450 Million Credit Facility to Ag Resource Management
February 11, 2020Ares Management Corporation (NYSE: ARES) ("Ares") announced that funds managed by its Alternative Credit strategy have provided a $450 million revolving asset-backed credit facility secured by agricultural production loans originated by Ag Resource Management ("ARM").
Alleon Healthcare Capital Provides a $750,000 Medical Accounts Receivable Financing Facility to a Pennsylvania-Based Pharmacy
February 11, 2020The Company is a 20-year old multi-state licensed, independently owned pharmacy provider. In 2015 the Company created the my-medPak Medication Management Program. This program provides a simple and safe solution to help manage a patient’s medications at no additional cost. The Company sorts and delivers patient medications in customized medPaks with a care team that provides the added support to ensure patients adherence to their medication protocol.
Uniti Group Inc. Announces Closing of Senior Secured Notes Offering and Effectiveness of Credit Agreement Amendment
February 10, 2020The Issuers used the net proceeds from the offering to repay all $2.05 billion of outstanding borrowings under Uniti’s term loan facility and $156.7 million of outstanding borrowings under Uniti’s revolving credit facility (and terminated related revolving commitments in an amount equal to $157.6 million).
Oncor Electric Delivery Secures $450M Term Loan
February 10, 2020Oncor Electric Delivery Co. LLC entered a term loan credit agreement for $450 million with certain lenders and Sumitomo Mitsui Banking Corp. as the administrative agent. The Sempra Energy subsidiary can borrow the full loan amount in up to four borrowings at any time before April 27, according to a Jan. 30 filing.
Dean Nordlinger Joins Blank Rome as Corporate Partner in D.C.
February 10, 2020Blank Rome LLP is pleased to announce that Dean S. Nordlinger has joined the Firm’s Washington, D.C., office as a Partner in the Corporate, M&A, and Securities group, which welcomed Partner Stacy H. Louizos earlier this week in the New York office. Dean brings more than 20 years of experience representing privately held and closely held companies of all sizes, private equity firms, and entrepreneurs from a broad range of industries.
H.I.G. Bayside Capital Promotes Andrew Scotland to Co-Head of Special Situations Debt in Europe
February 10, 2020H.I.G. Bayside Capital (“Bayside”), the distressed debt and special situation affiliate of H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €31 billion of equity capital under management, is pleased to announce the promotion of Andrew Scotland to Co-Head of the firm's European special situations debt activities. Andrew will co-head alongside Bayside Managing Director Duncan Priston.
Valeritas Announces Agreement for Zealand Pharma to Acquire Business and Retain Employees
February 10, 2020Company and Subsidiaries Commence Voluntary Chapter 11 to Facilitate Value-Maximizing Sale; Commercially Successful Business to Continue as Usual During Court-Supervised Sale Process; Commitment Obtained for Debtor-in-Possession Financing to Support Ongoing Operations; DLA Piper LLP (US) is serving as legal counsel to Valeritas, Lincoln International is serving as investment banker, and PricewaterhouseCoopers LLP is serving as financial advisor..
PGIM Private Capital Provides $13B in Private Debt to Middle-market Companies in 2019
February 10, 2020PGIM Private Capital provided $13 billion of senior debt and junior capital to 228 middle-market companies and projects globally in 2019. PGIM Private Capital, a leading source of private capital for public and private companies, is the private capital arm of PGIM Inc., the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Regions Bank Names Tara Odell as East Texas Market Executive
February 10, 2020As Market Executive, Odell will leverage her local experience and insights to expand Regions’ client base while also taking a strategic, proactive role in addressing various needs across the area. She will work with colleagues and community members in support of Regions’ community engagement initiatives throughout East Texas, including volunteer service, nonprofit assistance, delivering financial education and more.
TradeCap Partners Closes $500,000 Purchase Order Facility for Footwear Apparel Importer
February 10, 2020TradeCap Partners (“TradeCap”) is pleased to announce the closing of a $500,000 purchase order facility for a New York-based clothing and footwear apparel importer selling through retail channels in the United States. The impact of tariffs hindered the Client’s ability to meet price points and margin requirements retailers were demanding as a tradeoff for growth in purchasing volume.
Greg Seibly Named as President of Union Bank and Head of Regional Banking
February 10, 2020Seibly will oversee the Union Bank commercial banking, real estate industries, consumer banking (including PurePoint Financial, an online direct bank), Intrepid Investment Bankers and wealth markets businesses, as well as the bank's corporate social responsibility programs. Seibly will report directly to Steve Cummings, President and Chief Executive Officer for MUFG Americas, and will serve as a member of the Executive Committee for the Americas.
American Commercial Lines Inc. Commences Next Step to Implement Prepackaged Recapitalization Plan
February 10, 2020Milbank LLP is serving as the Company's legal counsel, Greenhill & Co. is serving as its financial advisor and Alvarez & Marsal North America, LLC. is serving as restructuring advisor.
CohnReznick Guides Successful Restructuring and Sale of Coordinated Health to Lehigh Valley Health
February 10, 2020A restructuring advisory team led by CohnReznick principals Cynthia Romano and Chris Creger recently achieved a monumental success in the restructuring, workout and sale of Allentown, PA-based Coordinated Health (CH). The assets of CH were sold to Lehigh Valley Health Network (LVHN) through an out-of-court transaction that provides protection for more than 1,300 jobs, and preserves and bolsters a nationally ranked orthopedics program.
North Mill Capital Funds of $1,000,000 Accounts Receivable Facility
February 10, 2020North Mill Capital is pleased to announce the funding of a $1,000,000 accounts receivable facility. North Mill provided additional working capital for the company in conjunction with the current lender. Master Packing & Rubber Company is a manufacturer and global supplier of sealing products serving the rail, marine and bio-fuel industries.
Lamar Advertising Company Announces Completion of Refinancing Transactions & 2020 Distribution Plan
February 10, 2020Lamar Advertising Company (“Lamar”) (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed $2.35 billion in refinancing transactions through its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), strengthening its balance sheet.
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