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Wingspire Capital & TCW Private Credit Provide Unitranche Senior Credit Facility to cabi
Wingspire Capital LLC and TCW Asset Management Company LLC together provided a unitranche senior credit facility to women’s apparel brand cabi LLC.
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Guarded Optimism Prevails as Executives Chart the Future
Strengthening Bank Relationships Is Crucial to Seize Business Opportunities in the Potential Economic Downturn
TSL Express Daily Headlines & News
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DarioHealth Secures $50 Million Dollar Non-Dilutive Credit Facility with OrbiMed
June 13, 2022DarioHealth Corp. (NASDAQ: DRIO), a leader in the global digital therapeutics (DTx) market, announced today it closed a senior secured term loan facility of up to $50 million with OrbiMed, a leading investor in the healthcare industry, providing non-dilutive capital to fund the continued development of its platform and the acceleration of its adoption in the multi-billion dollar global chronic disease management market.
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CIFC Appoints Conor Daly Head of European Credit
June 13, 2022CIFC Asset Management LLC (“CIFC”), an alternative credit specialist serving institutional investors globally with approximately $40 billion in assets under management, today announced that Conor Daly, former Managing Director, Head of European Credit at Onex Credit, has joined CIFC as Head of European Credit.
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Duke Hinds Joins Trustmark as Director of Commercial Banking
June 13, 2022Trustmark National Bank, a wholly-owned subsidiary of Trustmark Corporation (NASDAQGS:TRMK) is pleased to announce that Duke Hinds has recently joined Trustmark as Director of Commercial Banking, and will be responsible for Trustmark’s commercial products and sales strategy. He joins Trustmark with 26 years of banking experience.
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Eduardo Gallardo, Preeminent Mergers and Acquisitions Leader, Joins Paul Hastings
June 13, 2022Paul Hastings announced today that Eduardo Gallardo, a preeminent M&A and corporate takeover defense lawyer, has joined the firm as Global Co-Chair of Mergers and Acquisitions, where he will focus on advising clients on mergers and acquisitions, takeover defense, shareholder activism, corporate governance and other corporate matters.
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Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in May and Increases Four Existing
June 13, 2022The first, is a $4,000,000 limit to a privately owned packager of specialty food products. The second, a $3,000,000 limit for a consumer-packaged goods company with a unique portfolio of specialty food and beverage brands. Additionally, Tradecycle increased four existing client relationships by $2,500,000 to support the organic growth of their clients.
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Callodine Commercial Finance Announces CFO, COO & CCO Transition
June 9, 2022Callodine Commercial Finance (“CCF” or the “Company”) today announced that the Company’s current Chief Financial Officer, Chief Operating Officer and Chief Compliance Officer, Oz Street, will retire after 15 years of distinguished service with CCF and its predecessor companies. CCF has hired industry veteran Stephen Rainville to succeed Mr. Street in his role.
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WesBanco Appoints Richard Hunt as Executive Vice President and Director of Commercial & Industrial Banking
June 9, 2022WesBanco, Inc. (NASDAQ: WSBC), a diversified, multi-state bank holding company, announced today that industry veteran Richard Hunt has been named Executive Vice President and Director of Commercial & Industrial Banking. In his new role, Mr. Hunt will lead and execute the strategic direction of the Commercial & Industrial Banking division for WesBanco.
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Cumulus Media Announces Extension of Existing ABL Credit Facility
June 9, 2022Cumulus Media Inc. (NASDAQ: CMLS) (the "Company” or "Cumulus Media") today announced that Cumulus Media New Holdings Inc., its indirect wholly owned subsidiary, entered into an amendment (the “Amendment”) of its existing $100 million revolving credit facility (as amended, the “Revolving Credit Facility”).
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CIBC Innovation Banking Provides Debt Financing to NowSecure
June 9, 2022CIBC Innovation Banking is pleased to announce new debt financing for Chicago-based NowSecure, a mobile application security and privacy software company. NowSecure plans to use the capital to further invest in its advanced application security testing solutions and go-to-market strategy.
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Freepoint Commodities Renews Its Revolving Credit Facility at $2.63 Billion; Allows Growth to $3.2 Billion
June 9, 2022BNP Paribas Securities Corp ("BNP Paribas"), MUFG Bank, Ltd. and Natixis, New York Branch are Joint Lead Arrangers and Bookrunners for the Facility. Coöperatieve Rabobank U.A., New York Branch, Société Générale and Wells Fargo Bank, N.A., are Joint Lead Arrangers. BNP Paribas remains as the Administrative Agent.
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Stretto Selected as Turnaround Product and Service of the Year for Third Consecutive Year in M&A Advisor Turnaround Awards
June 9, 2022The M&A Advisor has selected Stretto, a market-leading technology and bankruptcy-services firm, as a winner in its 16th Annual Turnaround Awards, naming Stretto Corporate Restructuring Services as the Turnaround Product/Service of the Year. This recognition marks the third consecutive year that Stretto has received this award. Stretto also was honored in the Chapter 11 Reorganization of the Year category for its role in the crypto company Cred, Inc. case
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Antares Partners with Hello Alice to Allocate $1M in Grants to Underrepresented Founders
June 9, 2022Antares today announced the launch of REACH, a program designed to help level the playing field for entrepreneurs who are members of diverse and historically underrepresented groups including women, people of color, military-affiliated, persons with disabilities, or LGBTQ+. The initiative will allocate $1M of Antares’ own capital to a grant program in partnership with Hello Alice, a multichannel platform that helps businesses launch and grow.
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Peapack-Gladstone Bank Promotes Lisa Ciampi, CPA to Senior Vice President, Managing Principal, Head of Operations
June 9, 2022Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the promotion of Lisa Ciampi, CPA to Senior Vice President, Managing Principal, Head of Operations at Peapack-Gladstone Bank.
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Ivy Asset Group Closes on $115 Million Direct Lending Fund
June 9, 2022Ivy Asset Group, LLC announced the final close of its 2022 Ivy Credit Opportunity Fund ("Fund") with $115 million of capital raised, including targeted fund leverage and separately managed accounts investing alongside the Fund. The Fund primarily targets direct lending to lower middle-market U.S. companies with less than $35 million in EBITDA.
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Comvest Credit Partners Leads Refinancing of SMART Financial
June 9, 2022Comvest acted as Administrative Agent and Sole Lender in providing SMART a $68 million senior secured credit facility, which the Company will use to refinance existing debt and fund further growth of the business. SMART has been a company in Comvest’s direct lending portfolio since 2016.
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Westlake Capital Finance Issues $40M Credit Facility, Expands to Additional Asset Class
June 9, 2022Westlake Capital Finance (WCF), the commercial lending entity & subsidiary of Westlake Technology Holdings, funded a $40 Million revolving credit facility with one of country’s top solar companies, highlighting WCF’s expansion into the solar loan asset class.
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Niko Tsitsos Joins SLR Healthcare ABL
June 9, 2022SLR Healthcare ABL is pleased to announce that Niko Tsitsos is joining the team as a director. Tsitsos brings more than ten years’ experience in asset-based lending. In his most recent role, he served as business development officer at a non-bank healthcare lender.
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KLA Announces $1.5 Billion Sustainability-Linked Revolving Credit Facility
June 8, 2022KLA Corporation (NASDAQ: KLAC) today announced the successful closing of an inaugural $1.5 billion sustainability-linked revolving credit facility. The new five-year facility reinforces the company's commitment to its environmental, social, and governance (ESG) programs and goals. JPMorgan Chase is administrative agent and lead arranger on the transaction, and other joint bookrunners include Bank of America Securities, Inc., Citibank, N.A. and Wells Fargo Securities, LLC.
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MidCap Business Credit LLC Completes a $5 Million Asset Based Credit Facility to Crozier Welding LLC
June 8, 2022MidCap Business Credit LLC., announced today that it has completed a $5 million asset-based credit facility to Crozier Welding LLC. Founded in 1980 and headquartered in Coshocton, OH, the company specializes in the design and manufacturing of oil and gas production equipment.
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Rich Martinez to Join Greystone as Executive Managing Director
June 8, 2022Greystone, a leading national commercial real estate finance company, announced Rich Martinez will join the firm as an Executive Managing Director, Multifamily Sales & Production in mid-June. In this newly created role, he will focus on new business growth for Greystone’s expanding multifamily platform as well as enhancing and optimizing the firm’s joint venture relationship with Cushman & Wakefield
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