- Dropbox Completes New Senior Secured Revolving Credit Facility; Announces $900M Stock Repurchase Program
- White Oak Commercial Finance and Hilco Global Provide $192MM Senior Secured Credit Facility for Royal Cup Coffee and Tea
- Loeb Helps Power a $3.5M Construction Acquisition Financing Deal
- Asset-Based Lending & Factoring Surveys
- Market Sizing & Impact Study 2023
TSL Express Daily Articles & News
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Eric Gul Joins Tiger Group as Managing Director
Brand executive and corporate counsel Eric Gul has joined Tiger Group as a Managing Director. Most recently General Counsel at Sequential Brands Group, Inc., Gul brings 22 years of experience in advising both public and private companies on IP, licensing, M&A, divestitures, financings and other matters involving consumer-facing brands.
Based in New York, Gul joins Tiger Group at a time when the asset valuation, disposition and finance firm is scaling up its practice of appraising and verifying brand value as lending collateral. He will play a central role in those efforts and will also bring his expertise to projects involving licensing, M&A and new IP investment opportunities.
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TSL Express Daily Headlines & News
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Alleon Healthcare Capital Provides a $500,000 Medical AR Facility to Illinois Community Integrated Living Arrangement Provider
January 24, 2022Alleon Healthcare Capital ("Alleon"), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $500,000 medical accounts receivable financing facility with a Community Integrated Living Arrangement (“CILA”) provider located in Illinois (“Company”).
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A&G to Auction Portfolio of 12 Multi-Unit Residential Buildings in New Rochelle, NY
January 24, 2022A&G Real Estate Partners is auctioning a portfolio of 12 multifamily buildings with a total of 30 units in New Rochelle—a rare opportunity given the tight supply of residential real estate in Westchester County. The sealed-bid deadline for the auction is February 23. A&G Realty Brokerage, LLC, is conducting the sale on behalf of a private seller.
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Nabors Announces New Revolving Credit Facility
January 24, 2022Nabors Industries Ltd. ("Nabors") (NYSE: NBR) closed, on January 21, 2022, a secured $350 million revolving credit facility maturing on January 21, 2026. The new credit facility replaces the Company's 2018 Revolving Credit Facility, which would have matured on October 11, 2023. Institutions participating in the credit facility are Citibank, N.A., Goldman Sachs Bank USA, HSBC Bank USA, N.A., Morgan Stanley Senior Funding, Inc. and Wells Fargo Bank, N.A.
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Ellomay Capital Announces the Successful Closing of a €175 Million Facilities Agreement by Talasol Solar, Replacing Previous Financing in the Amount of €121 Million
January 24, 2022Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO) ("Ellomay" or the "Company"), a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, today announced that Talasol Solar S.L. ("Talasol"), which owns a photovoltaic plant with installed capacity of 300MW in the municipality of Talaván, Cáceres, Spain and is 51% owned by the Company, achieved financial closing of the previously announced Facilities Agreement in the aggregate amount of €175 million provided by European institutional lenders.
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Blue Ridge Bankshares and FVCBankcorp Mutually Agree to Terminate Merger Agreement
January 24, 2022Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) (“Blue Ridge”), the parent company of Blue Ridge Bank, National Association, and FVCBankcorp, Inc. (NASDAQ: FVCB) (“FVCB”), the parent company of FVCbank, jointly announced today a mutual agreement to terminate their merger agreement, previously announced on July 14, 2021, pursuant to which the companies had agreed to combine in an all-stock merger of equals transaction.
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Citizens Annual Middle Market M&A Outlook Finds Continued Strength
January 24, 2022Middle-market companies and private-equity firms foresee an extremely strong year for the M&A market in 2022, with bullish forecasts for both deal volumes and for company valuations, according to a Citizens survey of 400 leaders at U.S. middle market companies and private equity firms.
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MidOcean Partners Bolsters CLO Business With Appointment of Jamil Nathoo as Managing Director
January 24, 2022MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced today that Jamil Nathoo is joining the firm as a Managing Director of MidOcean Credit. In this role, he will be responsible for expanding MidOcean’s institutional relationships and CLO platform.
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Winston & Strawn LLP Serves as Legal Advisor to the Placement Agents in Connection with Allwyn Entertainment
January 24, 2022Winston & Strawn LLP is serving as legal advisor to the placement agents in connection with Allwyn Entertainment, (“Allwyn Entertainment” or “Allwyn” or the “Company”), a leading multinational lottery operator, business combination with Cohn Robbins Holdings Corp. (CRHC), a special-purpose acquisition company, resulting in Allwyn becoming a public company on the NYSE with an expected total enterprise value for Allwyn of approximately $9.3 billion.
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BHI Provides $36 Million Construction Financing For 144 First Street in Jersey City
January 24, 2022BHI, a full-service commercial bank, announced that its Commercial Real Estate Group has provided $36 million in construction financing to EPIRE for the development of 144 First Street, the firm’s new condominium development located in the Powerhouse Arts District of Jersey City, New Jersey.
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Another Broken Egg Announces New Credit Facility With Comvest Credit Partners
January 24, 2022Another Broken Egg ( “Company”), an Orlando-based operator and franchisor of southern-inspired daytime cafes owned by an affiliate of The Beekman Group, a leading private equity firm, announced that it has closed on a New Senior Secured Term Loan Facility provided by Comvest Credit Partners that was used to facilitate a Dividend Recapitalization of the Company, fund future corporate cafe growth and support accelerated franchisee system development and remodeling.
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Huntington Business Credit Closes a new Credit Facility with Dakkota Integrated Systems, LLC
January 24, 2022Huntington Business Credit announced it closed a new $150,000,000 credit facility with Dakkota Integrated Systems, LLC on December 13, 2021. Proceeds of the facility were used to refinance existing debt and to provide ongoing working capital growth financing.
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TAB Bank Provides Quality Assurance Service Provider in Texas with an $5 Million Asset-Based Credit Facility
January 20, 2022TAB Bank is pleased to announce it has provided a quality assurance serve provider in Texas with an $5 million asset-based credit facility. TAB was introduced to the company through an established broker/consultant relationship because the company’s previous lender was not able to facilitate growth based on a large new contract.
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Sierra Wireless Announces Debt Financing for CAD$60 million
January 20, 2022Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that it has entered into a credit agreement for a new debt financing facility with CIBC Innovation Banking as administrative agent, and CIBC Innovation Banking and the Business Development Bank of Canada (BDC) as lenders.
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Winston & Strawn Represents PreventionGenetics
January 20, 2022Winston & Strawn represented PreventionGenetics, a CLIA-certified and CAP-accredited clinical DNA testing laboratory providing more than 5,000 predefined genetic tests for nearly all clinically relevant genes, additional custom panels, and comprehensive germline whole exome and whole genome sequencing tests, in its sale to Exact Sciences Corp. (NASDAQ: EXAS), a leading provider of cancer screening and diagnostic tests.
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Lewis and Clark Capital Completes Five Acquisitions in 2021 to Enhance its Midwest Flow Control Solutions Company, Ovation Holdings
January 20, 2022Ovation Holdings, owners of Allied Valve, Automation Service and Valve Sales Inc., has expanded its array of “brands you know and service you can trust” with the acquisitions of Power Specialties, Inc., PROMAC, Inc., and JMI Instrument Company. The three companies will be merged to form Allied Instrumentation, which will cover seven states in the Midwest, generate over $50 million, and will be led by CEO Barry Shoulders. With these additions, Ovation Holdings now has 15 locations, revenues of $150 million and employs more than 350 people.
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Agility Provides Financing to Gento
January 20, 2022Agility Capital, an innovative lending company, announces the recent financing of Gento, a rapidly growing, Los Angeles based provider of Home Healthcare Services. Agility partnered with Top Mark Capital Partners in this financing.
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Macrae Joins CohnReznick’s Restructuring and Dispute Resolution Practice as Managing Director
January 20, 2022CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that after several years in industry John Macrae has rejoined the firm as Managing Director as the firm continues to expand the talent and resources of its Restructuring and Dispute Resolution practice.
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Tiger Group Offers $15 Million in Hemp CBD Wellness Products and Child-Resistant Packaging and Related Accessories in Major Liquidation
January 20, 2022Tiger Group is selling over 55 million pieces of brand-new hemp CBD wellness products, packaging and related accessories in a major liquidation event. Worth a total of approximately $15 million at cost, the inventory is available for immediate purchase at SoldTiger.com.
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CIT Provides More Than $5 Million in Financing to Construction Firm for Heavy Equipment
January 20, 2022CIT, a division of First Citizens Bank, today announced that the Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm. The 10 items of heavy equipment financed by CIT include articulated dump trucks, excavators and wheel loaders.
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Republic Capital Access, LLC Launches Financing Program for AWS Marketplace
January 20, 2022Republic Capital Access, LLC, a DoD Trusted Capital Marketplace Provider, and AWS Marketplace are collaborating to provide financing for government contractors procuring third-party software through AWS Marketplace.
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