- Gridiron Announces Investment Professional Steve Lamb as Managing Director
- Market Sizing & Impact Study
- Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
- BHI Provides $20 Million Capital Call Line to Triangle Capital Group
TSL Express Daily Articles & News
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Today's Top Story
Featured
Monroe Capital Supports Spectrum Science’s Add-on Acquisitions
Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support three add-on acquisitions (Sonic Health, The Seismic Collaborative, and Aurora Healthcare Communications) and provide growth capital for Spectrum Science.
TSL Express Trending Story
Featured
Interview with Paul Cronin of Santander Bank
Coming up on almost one year as head of ABL at Santander Bank, Paul Cronin reflects back on his proudest accomplishments, goals and new challenges with COVID-19.
TSL Express Daily Headlines & News
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Paul Hastings Grows Again in London, Adding Weil Finance Partner
December 19, 2022U.S. law firm Paul Hastings on Monday said it had added another partner from rival Weil, Gotshal & Manges, bringing on London-based Patrick Bright to strengthen its global finance practice.
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Configure Partners Advises Hidden Harbor Capital Partners on its Acquisition Financing for Inspire Aesthetics LLC
December 19, 2022Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor”) in securing committed debt capital to support Hidden Harbor’s acquisition of Inspire Aesthetics, LLC (“Inspire Aesthetics”), a leading network of plastic surgery and aesthetics centers in South Florida.
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Evelo Biosciences Announces $45 Million Loan Agreement with Horizon Technology Finance Corporation to Refinance Existing Debt
December 19, 2022Evelo Biosciences, Inc. (Nasdaq:EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered medicines acting on the small intestinal axis, SINTAX, today announced it has entered into a senior secured loan agreement with Horizon Technology Finance Corporation (Horizon) (Nasdaq: HRZN), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and sustainability industries.
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Tele2 Signs EUR700 Million Sustainability-Linked Revolving Credit Facility
December 19, 2022ele2 AB said Monday it has signed a 700 million euro ($741.1 million) sustainability-linked revolving credit facility, refinancing its existing EUR760 million facility dated Jan. 12, 2016. The Sweden-based telecom company said this is its first facility that is linked to sustainability targets, while the margin adjustments are conditional upon the achievement of targets within climate and gender equality.
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Synovus Names New Enterprise and Operational Risk Executive Director
December 19, 2022Synovus Financial Corp. (NYSE: SNV) today announced the hiring of Michael Colasso as the company’s new enterprise and operational risk executive director. Colasso reports to Executive Vice President and Chief Risk Officer Shellie Creson and is based in Atlanta, Georgia.
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Avaya Holdings Likely To File For Bankruptcy: Report
December 19, 2022Avaya Holdings Corp (NYSE: AVYA) will likely file for chapter 11 bankruptcy. Earlier in the week, Avaya said it is considering restructuring proposals from creditor groups. The technology company, Bloomberg reported, has been trying to clear problems around its accounting standards.
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Wastequip Extends Senior Secured Revolving Credit Facility
December 19, 2022Wastequip, the leading North American manufacturer of waste handling equipment, today announced it has successfully completed an amendment and extension of its senior secured revolving credit facility. As a result of the transaction, Wastequip's revolving lenders have agreed to extend the maturity of commitments totaling $45 million by 18 months to September 20, 2024.
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Ero Copper Increases Revolving Credit Facility to $150 Million and Extends Maturity to December 2026
December 19, 2022Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce that it has amended its existing senior secured revolving credit facility (the "Amended Credit Facility") to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026.
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Huhtamaki Extends the Maturity of EUR 400 Million Syndicated Revolving Credit Facility for a Further Period of one Year
December 19, 2022Huhtamäki Oyj has signed a confirmation to extend the maturity of a EUR 400 million syndicated revolving credit facility loan agreement for a further period of one year in accordance with the extension option of the loan agreement. The new termination date is January 7, 2026. The credit facility will be used for general corporate purposes of the Group.
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CE Brands Enters Into Financing Arrangement for a $12 Million Secured Credit Facility and Appoints new CFO
December 19, 2022CE Brands Inc. (TSXV: CEBI; CEBI.WT) (“CE Brands”, “we”, “our”, or the “Company”), a data-driven consumer-electronics company, today announced that it has entered into a binding financing arrangement with Vesta Wealth Partners Ltd. (“Vesta”), pursuant to which Vesta will provide a secured revolving credit facility of up to CA$12,000,000 (or US dollar equivalent) to the Company (the “Credit Facility”) to be used for the working capital needs of the Company.
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SLR Digital Finance Closes $5 Million Credit Facility for Audigent, the leading Data Curation Platform
December 19, 2022SLR Digital Finance LLC (“SLR Digital Finance”) announces the funding of a $5 million credit facility for Audigent, the leading data activation, curation and identity platform for the media industry. Audigent’s next-generation curated marketplaces – SmartPMPs™, ContextualPMPs™, and CognitivePMPs™ – are revolutionizing how data and identity are actioned across programmatic media channels.
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Wells Fargo Introduces Emerging Middle Market Offering to Metro NY/NJ Area
December 19, 2022Wells Fargo & Co. launched a new segment in the region to serve businesses in the $10 million to $75 million range. The San Francisco-based financial services company announced the launch of its emerging middle market segment within its Metro NY/NJ commercial team Dec. 15, along with leaders for each of the neighboring states.
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Private Equity Firms Dig Deep for Acquisitions While Banks Nurse Losses
December 19, 2022Private equity will have to get the check book out in the coming months if the industry wants to return to its record pace of deal making. That’s because banks stuck with billions of dollars of risky corporate loans, a hangover from deals underwritten in a lower-rate environment, are unlikely to back sizable new transactions until well into 2023, dealmakers say.
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First Business Bank’s Asset-Based Lending Group Funds $9.2 Million Credit Facility
December 19, 2022Mike Colloton, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $9.2 million revolving line of credit, equipment term loan, and structured overadvance for the acquisition of a manufacturer of home building supplies.
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MidCap Financial Closes Senior Secured Credit Facility to Mervin Manufacturing
December 19, 2022MidCap Financial (“MidCap”), a leading commercial finance company focused on middle market transactions, announced this week it has provided a $10 million revolving line of credit and $5 million senior secured term loan to Mervin Manufacturing, Inc. (“Mervin”).
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DSD Closes $155 Million Financing for First-of-its-Kind ABS with Community Solar
December 19, 2022DSD Renewables (DSD) has raised $155 million in debt financing for the first commercial and industrial (C&I) solar asset-backed securitization (ABS) with a significant concentration of community solar assets. The transaction, which is DSD’s first issuance of asset-backed securities, was structured and underwritten by Credit Suisse Securities (USA) LLC.
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AustralianSuper and Churchill Asset Management announce new lending partnership
December 19, 2022AustralianSuper, Australia's largest superannuation (pension) fund, today announced a new partnership with Churchill Asset Management ('Churchill'), with an initial instalment of US$250 million, intended to grow substantially over time. The partnership will invest in traditional senior and unitranche loans to private equity-backed U.S. middle market companies.
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TD Bank Names Sheryl McQuade to Lead New England Metro
December 19, 2022TD Bank, America's Most Convenient Bank®, announced today that it has named Sheryl L. McQuade as the Regional President of its New England Metro. In this role, McQuade will lead TD Bank’s New England consumer and small business, commercial, and middle-market banking and lending services throughout a network of approximately 310 stores and nearly 2,900 employees in the greater New England region.
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Bridge Bank Provides Xeal $10 Million Line of Credit to Support Continued Development of Self-Reliant EV Charging Network
December 19, 2022Bridge Bank today announced it closed a $10 million line of credit, back in October, to fuel the growth of Xeal, a technology company that’s making electric vehicle (EV) charging more reliable and accessible for building developers and owners in addition to EV owners.
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CIBC Asset Management Expands Strategic Relationship with Ares Management to Include Private Credit Français
December 19, 2022CIBC (TSX: CM) (NYSE: CM) Asset Management today announced that it is expanding its strategic relationship with Ares Management Corporation ("Ares") (NYSE: ARES) to add strategies that invest in global private credit markets. Ares is currently the sub-advisor to the Renaissance Floating Rate Income Fund.
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