- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
- Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
TSL Express Daily Articles & News
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Siena Lending Group Announces Credit Facility Increase to $575MM
Siena Lending Group LLC ("Siena"), a leading independent asset-based lending company, today announced it has increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year where they closed over $565 million in facilities across 20 relationships.
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Hofstra Law Awards 2021-2022 Recipients Of Moritt Hock & Hamroff Fellowship & Marc Hamroff Annual Scholarship
February 28, 2022The Maurice A. Deane School of Law at Hofstra University has named Nicholas Tramposch as the recipient of the 2021-2022 Moritt Hock & Hamroff Business Law Honors Fellowship and Rachel November as the recipient of the 2021-2022 Marc Hamroff Annual Scholarship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law. The Scholarship is awarded to a deserving entering student on the basis of demonstrated academic achievement and/or financial need.
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Kayne Anderson Energy Infrastructure Fund Enters Into $200 Million Revolving Credit Facility
February 28, 2022Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it that it has entered into a $200 million unsecured revolving credit facility (the “Credit Facility”) with a syndicate of lenders. The Credit Facility matures on February 24, 2023. The Credit Facility replaces the Company’s $170 million unsecured revolving credit facility that was scheduled to mature on February 25, 2022.
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Three Troutman Pepper Attorneys Selected for Leadership Council on Legal Diversity Programs
February 28, 2022Troutman Pepper Partner Chris Araujo has been selected to participate in the Leadership Council on Legal Diversity (LCLD) 2022 Fellows Program, and Associates Adrian Boddie and Sasha Robertson have been named to the 2022 LCLD Pathfinder Program. LCLD seeks to create a more diverse and inclusive legal profession with more than 400 members, including corporate chief legal officers and law firm managing partners.
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Survey Reveals Middle Market Companies Struggling to Navigate Supply Chain Disruption, Labor Shortage Among Other Business Challenges and Risks
February 28, 2022According to Chubb and NCMM's 2021 Year-End Middle Market Indicator (MMI), more than a third (35%) of middle market firms rank increased risks among the top three most difficult aspects of running their business in the current environment.
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Monroe Capital Commits Over $6.3 Billion of Financings in 2021Monroe Capital Commits Over $6.3 Billion of Financings in 2021
February 28, 2022Monroe Capital today announced record investment activity for 2021. The firm closed in excess of $6.3 billion in new financing commitments across 131 separate transactions. Monroe’s assets under management increased by 35% to $12.7 billion as of December 31, 2021. In addition, the firm closed on over $4 billion of new capital for investments.
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $32.8 Million in Commercial Financing to 61 Businesses in the First Half of February
February 28, 2022Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $3,291,085 in ABL/factoring financial solutions for 14 new clients; Crestmark Equipment Finance provided $24,477,897 in seven new transactions; Crestmark Vendor Finance provided $5,096,070 in 40 new transactions in the first half of February.
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J D Factors Announces Factoring Facilities
February 28, 2022J D Factors announces it has provided the following factoring facilities: $250,000 to a transportation company in Nova Scotia; $300,000 to a transportation company in Illinois; $250,000 to a transportation company in Illinois; $100,000 to a transportation company in Ontario.
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Yieldstreet Launches Growth & Income REIT
February 28, 2022Yieldstreet, a leading digital alternative investment platform dedicated to providing access to exclusive private market opportunities, today announced the launch of its Growth & Income REIT giving investors greater access to the booming multibillion-dollar U.S. housing market.
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Horizon Technology Finance Management Announces Key Promotions
February 28, 2022Horizon Technology Finance Management LLC ("Horizon" or "the Adviser"), a registered investment adviser that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN), today announced two senior-level promotions within its business development team.
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ABC Technologies Announces Amendments to Credit Agreement Increasing Revolver Availability
February 28, 2022ABC Technologies Holdings Inc., a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry, today announced that its wholly-owned indirect subsidiaries, ABC Technologies Inc. and ABC Group Holdings Inc., as borrowers, have entered into a fifth amended and restated credit agreement, with a syndicate of lenders, including The Bank of Nova Scotia, as administrative agent, amending and restating the fourth amended and restated credit agreement dated February 22, 2021, as amended.
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Apollo Launches Sustainable Investing Platform, Sees the Opportunity to Deploy More Than $100 Billion in Energy Transition and Decarbonization Investments by 2030
February 28, 2022Apollo (NYSE: APO) today announced the launch of a comprehensive sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate capital over the next five years and sees the opportunity to deploy more than $100 billion by 2030. With approximately $4.5 trillion1 annually in investments needed to achieve global net zero by 2050, Apollo aims to be a leading capital partner to companies and communities globally.
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Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities and Increases Facilities for Two Other Clients in February
February 28, 2022Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded two new revolving accounts payable funding facilities and upsized two existing clients in February. The first, is a $3,500,000 limit to a private equity owned distributor of RV and marine parts and accessories who needed additional support for Sales growth. The second, a $500,000 limit is for a precision PET plastic injection molder seizing the opportunity to reshore production for a major customer.
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Austin Financial Services Closes an $8.5M Revolving Facility to a Midwest Dairy Distributor
February 28, 2022Austin Financial Services, Inc. (AFS) is pleased to announce the closing of an $8.5MM revolving A/R and inventory facility to a Mid-West based dairy and dairy by-products supplier working with large well-known brands who have nationwide presence. Proceeds from AFS’ revolver were used to pay off the Company’s existing bank line and provide additional funds for working capital support and growth.
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FocalPoint Closes Financing for Huron Capital’s Portfolio Company Pueblo
February 24, 2022Huron Capital Partners (“Huron Capital”) has announced the successful closing of both a refinancing and an acquisition capital facility for its portfolio company, Pueblo Mechanical & Controls, LLC (“Pueblo” or the “Company”) with financing provided by BlackRock Capital Investment Corp. (“BlackRock”) and Deerpath Capital Management, LP (“Deerpath”). FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to Pueblo on the transaction.
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Ardelyx Announces $27.5 Million Debt Financing Agreement with SLR Capital Partners
February 24, 2022Ardelyx, Inc. (Nasdaq:ARDX), a biopharmaceutical company founded with a mission to discover, develop and commercialize innovative first-in-class medicines that meet significant unmet medical needs, today announced that it has entered into a debt financing agreement with investment affiliates managed by SLR Capital Partners ("SLR").
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White & Case Advises Banks on €830 Million Financing for Acquisition of Seqens by SK Capital
February 24, 2022Global law firm White & Case LLP has advised a banking syndicate led by Deutsche Bank AG, J.P. Morgan AG, Royal Bank of Canada and Société Générale, acting as mandated lead arrangers and bookrunners, on the €830 million debt financing for the acquisition by SK Capital of a majority shareholding in Seqens, a French based leader in pharmaceuticals and specialty chemicals.
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Electrovaya Announces Increase in Credit Facility to C$11 million and Extension of C$6 million Promissory Notes
February 24, 2022Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity enabling industry-leading performance, today announced that its credit facility has been increased from C$7 million to C$11 million to support its sales growth.
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Intelsat Announces Successful Emergence from Financial Restructuring Process
February 24, 2022-Intelsat S.A. announced today that it has successfully completed and emerged from its financial restructuring process as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary conditions.
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Diversified Healthcare Trust Announces Amendment to Credit Facility
February 24, 2022Wells Fargo Securities, LLC, Citigroup Global Markets Inc., RBC Capital Markets and PNC Capital Markets, LLC acted as Joint Lead Arrangers for the amendment to DHC’s revolving credit facility agreement. Wells Fargo Bank, National Association is the Administrative Agent for the facility.
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GemCap Funds $4.0 Million Facility for Nut Processing Company
February 24, 2022GemCap provided a $4.0 million facility consisting of a working capital revolver and an equipment term loan for a nut processing company. "We're happy to support the food industry and agriculture," says David Ellis, Co-President. "GemCap continues to focus on assisting small businesses grow and rebound!"
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