- American Public Education, Inc. Completes Refinancing with New $130 Million Senior Secured Credit Facility
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
- Benefit Street Partners Announces Closing of a $1.1 Billion CRE CLO
- Gateway Completes a Record 39 Stretch Deals in 45 Days Totaling $15 Million
TSL Express Daily Articles & News
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AlerisLife (Formerly Known as Five Star Senior Living) Closes $95 Million Term Loan
AlerisLife (Nasdaq: ALR), formerly known as Five Star Senior Living, today announced that it has closed a $95 million senior secured term loan with Midcap Funding VIII Trust (“MidCap”), as administrative agent and lender, of which $63 million is currently outstanding. The remaining loan proceeds are subject to a $12 million capital improvements holdback and $20 million becomes available upon achieving certain financial thresholds by mid-2023.
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A-Mark Closes New $350 Million Credit Facility
December 21, 2021A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has closed a new three-year, committed $350 million credit facility led by CIBC Bank USA, replacing its existing $280 million credit facility. The new credit facility became effective on December 21, 2021 and matures on December 20, 2024. CIBC Bank USA acted as Administrative Agent, and Joint Lead Arranger.
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B. Riley Financial Establishes New Receivables Division To Provide Debt Monetization and Portfolio Acquisition Solutions
December 21, 2021B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley Financial" or the "Company"), a diversified provider of business advisory and financial services, announced it has established a new receivables business to provide debt monetization solutions and portfolio acquisition services for its clients.
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Black Diamond Group Limited Announces Renewal of Asset-Based Credit Facility
December 20, 2021lack Diamond Group Limited (“Black Diamond” or the "Company”) (TSX: BDI), a leading provider of space rental and workforce accommodation, today announced the renewal of its secured asset-based revolving credit facility (“Facility”). The renewal extends the maturity of the Facility out to October 31, 2026. The lending syndicate is unchanged and is co-led by The Bank of Nova Scotia and Bank of Montreal. There were no changes to the pricing grid and the size of the Facility remains unchanged at $300 million, with an uncommitted accordion of $50 million.
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Moritt Hock & Hamroff's Julia Gavrilov Named To Monitor's Top Women In Equipment Finance For 2021
December 20, 2021Julia Gavrilov, counsel in the Garden City office of Moritt Hock & Hamroff LLP, has been named as one of the Top Women in Equipment Finance for 2021 by the Monitor in recognition of her outstanding commitment, achievements and leadership in the equipment finance industry.
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Webster, Sterling Announce Receipt of All Required Regulatory Approvals For Merger
December 20, 2021Webster Financial Corporation (NYSE: WBS) ("Webster") and Sterling Bancorp (NYSE: STL) ("Sterling") jointly announced today that Webster has received regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced merger between the two companies.
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Synovus Expands Foodservice Focus with New Restaurant Finance Team
December 20, 2021Synovus today announced the launch of a new restaurant finance team focused on helping restaurants across the country execute strategic plans for growth while fostering relationships with established and up-and-coming names in the sector.
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Regions Financial to Build on Capital Markets Growth with Acquisition of Clearsight Advisors
December 20, 2021Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Friday announced it has entered into a definitive agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm serving clients in the technology, professional services, data and information services, and digital and technology-enabled services industries.
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Agree Realty Announces Expanded $1.0 Billion Credit Facility
December 20, 2021PNC Capital Markets LLC, Citibank, N.A. and Wells Fargo Securities, LLC served as Joint Book Managers for the Credit Facility. PNC Capital Markets LLC, Citibank, N.A., Wells Fargo Securities, LLC, Capital One, National Association, Regions Capital Markets and U.S. Bank National Association served as Joint Lead Arrangers for the Credit Facility. PNC Bank, National Association served as the Administrative Agent. Citibank, N.A. and Wells Fargo Securities, LLC served as Co-Syndication Agents. Capital One, National Association, Regions Bank, and U.S. Bank National Association served as Co-Documentation Agents.
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Mogo Expands Credit Facility and Lowers Interest Rate
December 20, 2021Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced amendments to its existing senior credit facility (“Credit Facility”) with funds managed by affiliates of Fortress Investment Group LLC.
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Winston & Strawn Represents Broadstone Acquisition Corp.
December 20, 2021Winston & Strawn represented Broadstone Acquisition Corp. (“Broadstone”) (NYSE: BSN), a special purpose acquisition company, in connection with its business combination with Vertical Aerospace Ltd. (NYSE: EVTL) (“Vertical” or the “Company”), a leading UK-headquartered engineering and aeronautical business developing electric vertical take-off and landing aircraft.
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Winston & Strawn Represents Arbor Investments
December 20, 2021Winston & Strawn represented Arbor Investments (“Arbor”), a specialized private equity firm that focuses exclusively on investing in food, beverage, and related industries, in its acquisition of Oregon Freeze Dry (“OFD” or the “Company”) from Endeavour Capital. OFD is North America’s largest and most technologically advanced freeze-dryer of food, probiotics, enzymes, proteins, specialty ingredients, and lyophilized pharmaceutical inputs.
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Holiday Message to SFNet Community
December 20, 2021
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Advocacy Alert: "Stop Wall Street Looting Act of 2021"
December 20, 2021Thank you to David Morse of Otterbourg P.C. for supplying the below information on the “Stop Wall Street Looting Act of 2021”. SFNet’s advocacy team is working with our Federal resources to monitor and advise as this develops.
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BNP Paribas to Sell Bank of the West to Canada's BMO for $16 Billion
December 20, 2021BNP Paribas (BNPP.PA) said Monday it is to sell U.S. unit Bank of the West to Canada's BMO Financial Group for $16.3 billion in a deal that will give France's biggest bank a huge step up in firepower for deals and buybacks. BNP Paribas has been struggling to keep up with larger rivals in the U.S. retail banking market, while the sale will also strengthen BMO's foothold in the United States.
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Acreage Holdings Secures $150 Million Credit Facility to Accelerate Strategic Growth Initiatives
December 20, 2021Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retail facilities in the U.S., today announced it has secured a $150 million credit facility (the “Credit Facility”) with AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”) and Viridescent Realty Trust, Inc. (“Viridescent”).
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Winston & Strawn LLP Represents Protocol First
December 20, 2021Winston & Strawn LLP represented Protocol First, a software solutions provider focused on accelerating clinical research, in its sale to Flatiron Health, a healthtech company dedicated to helping cancer centers thrive and deliver better care for patients.
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EzFill Announces New Revolving Credit Facility
December 20, 2021EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in on-demand mobile fueling, announced today that it has entered into a revolving credit line agreement with City National Bank of Florida (the “Bank”). Under the revolving credit facility, the Company may borrow up to approximately $16 million, a number that will vary over time. Funds can be used for general corporate purposes.
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Interfor Expands and Extends Its Revolving Credit Facility
December 20, 2021INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.
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NOW Inc. Amends Senior Secured Revolving Credit Facility
December 20, 2021NOW Inc. (NYSE:DNOW) announced today that it has entered into an amendment (the “First Amendment”) to the existing senior secured credit facility with a syndicate of lenders, with Wells Fargo Bank, National Association serving as the administrative agent (as amended, the “Credit Agreement”).
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Marathon Asset Management Closes $155 Million Credit Facility for Brown Jordan
December 20, 2021Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S.
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