- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
- American Signature’s Retail Boxes Create Expansion Opportunity for Growing Retailers
- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- Essex Capital Group Advises ProTelesis on $4.58 Million Debt Financing to Support Shareholder Buyout and Strategic Acquisition of AmerX Security
TSL Express Daily Articles & News
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Revolution Capital Acquires Grand Financial New York
Revolution Capital, the leading provider of factoring & cashflow financing in Canada and the United States, has acquired Grand Financial New York., a factoring company specializing in staffing and transportation.
The move expands Revolution Capital’s reach in the US market, solidifies its presence on the East Coast, and allows clients of Grand Financial New York to access faster funding, personalized service, and transparent online reporting.
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H.I.G. Capital Makes a Strategic Investment in The Bluebird Group
August 9, 2021H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that one of its affiliates has made an equity investment in The Bluebird Group (“Bluebird” or the “Company”), an innovative retail services consulting firm. Founded in 2015, Bluebird provides emerging and category-leading brands with outsourced retail services required to optimize online and in-store sales.
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Gordon Brothers Launches Sale of Automotive Seat Manufacturing Assets
August 9, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed as sole asset selling agent for car seat manufacturer, TS Tech UK Ltd (TS Tech), in Swindon. This specialised sale presents the opportunity to acquire state-of-the-art automotive seat manufacturing equipment.
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Ares Management Corporation Leads £1 Billion of Available Debt Facilities to RSK Group in Largest Sustainability Linked Private Credit Financing to Date
August 9, 2021Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its European Direct Lending strategy are serving as the sole lenders of £1 billion of available debt facilities to the RSK Group (“RSK”), the U.K.’s largest privately-owned multi-disciplinary environmental business. This transaction marks the largest private credit-backed sustainability linked financing to date and will be used to refinance RSK’s existing credit facilities as well as support its continued organic and inorganic growth plans.
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Greenrose Acquisition Corp. Enters Agreements for Up to $103 Million in Additional Capital
August 9, 2021Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) (Greenrose), a special purpose acquisition company targeting companies in the cannabis industry, has entered into agreements for up to $103 million in capital from SunStream Bancorp (“SunStream”), a joint venture initiative sponsored by Sundial Growers Inc. (Nasdaq: SNDL). SunStream’s investment comprises $78 million in a multi-tranche senior secured loan facility and $25 million in unsecured convertible notes.
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Republic Launches Technology Finance Program
August 9, 2021Republic Capital Access, LLC has entered into an arrangement with the newly formed partnership of Northpoint Commercial Finance and Reed Advisory Solutions LLC to provide financing for sellers of technology products to the U.S. Government.
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Marble Financial Executes Definitive $10 Million Credit Facility Agreement With Cypress Hills Partners Inc., to Fund Its Fast-Track Loan Product
August 9, 2021Marble Financial Inc. (CSE: MRBL; OTCQB: MRBLF; FSE:2V0) (“Marble” or the “Company”) an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, is pleased to announce it has entered into an arm’s length definitive credit facility agreement (“Credit Agreement”) with CHP Agent Services Inc., a subsidiary of an independent, non-affiliated Canadian based alternative specialty lender, Cypress Hills Partners Inc. (“CHP”).
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Meritage Completes New $302 Million Credit Facility; Positioning for Long-Term Growth
August 9, 2021Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise operator, today announced that the Company and certain of its subsidiaries have in advisory with Auspex Capital, closed on a new $302.8 million senior secured credit facility syndication led by City National Bank.
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Stonebriar Commercial Finance Closes $10.2 Million Loan
August 9, 2021Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $10.2 million term loan with a premier Jones Act marine transportation and logistics services company. The loan represents Stonebriar’s third transaction with the borrower and its affiliates with total funded volume approximating $80 million. The loan proceeds were used for general corporate purposes. Consistent with the client’s required timeline, the transaction closed in less than 30 days.
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Boxed Announces New $45 Million Secured Credit Facility Provided by Funds and Accounts Managed by BlackRock
August 9, 2021Boxed, an e-commerce grocery platform selling bulk consumables to households and businesses, and an e-commerce enabler selling software and services to enterprise retailers around the world, announced today that it has entered into a new $45 million secured credit facility (“New Credit Facility”) provided by funds and accounts managed by BlackRock. The New Credit Facility will mature on August 4, 2025, and is secured by all of the assets of Boxed and its subsidiaries, subject to customary exceptions.
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CIBC Innovation Banking Provides Karbon with Credit Facility to Support its Growth Plans
August 9, 2021CIBC Innovation Banking is pleased to announce it has provided a $5 million credit facility to Nevada-based Karbon Inc. (“Karbon”), which provides industry-leading practice management software for accounting firms. The company plans to use the facility to support its hiring plans and further invest in its diverse product set.
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INDUS Closes New Revolving Credit Facility
August 9, 2021INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today INDUS, as parent guarantor, INDUS RT, LP, as borrower, and certain subsidiaries of INDUS RT, LP as guarantors, have entered into a secured revolving credit facility of up to $100 million (the “New Credit Facility”), replacing both the Company’s former revolving credit line and acquisition credit line, which totaled $50 million in the aggregate and were scheduled to expire on September 30, 2021. The New Credit Facility has a three-year term with two one-year extensions at the Company’s option. T
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Golub Capital Acts as Left Lead Arranger and Administrative Agent on Two Rated, Broadly Syndicated LBO Financings in July
August 9, 2021Golub Capital acted as Left Lead Arranger, Administrative Agent and Joint Bookrunner on an $810 million broadly syndicated loan facility to support the acquisition of Rough Country, LLC ("Rough Country") by TSG Consumer Partners ("TSG"), and on a $425 million broadly syndicated loan facility to support the acquisition of Confluence Technologies, Inc. ("Confluence") by Clearlake Capital ("Clearlake").
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FTI Consulting Named Global Turnaround Consulting Firm of the Year, Public Relations Firm of the Year by Global M&A Network
August 9, 2021FTI Consulting, Inc. (NYSE: FCN) today announced that the Company has been named Global Turnaround Consulting Firm of the Year and Public Relations Firm of the Year by Global M&A Network. The firm also was recognized for its work on 14 restructuring and merger and acquisition engagements. The Turnaround Atlas Awards, presented by Global M&A Network, honor excellence in the restructuring, distressed investing, insolvency, special situations M&A transactions and turnaround communities.
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Winston & Strawn Represents Industrial Opportunity Partners
August 9, 2021Winston & Strawn represented Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., in its investment to support the recapitalization of Brewster Home Fashions LLC (“Brewster”) and Fine Decor Wallcoverings Ltd (“Fine Decor” and together with Brewster, the “Company”).
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iMedia Announces New Lenders & Expanded $108.5 Million Debt Financing to Accelerate Growth
August 5, 2021iMedia Brands, Inc. (“iMedia” or the “Company”) (Nasdaq: IMBI) announces that on July 30, 2021, the Company closed on a new $108.5 million debt financing comprising a revolving credit facility from Siena Lending Group and a term note from GreenLake Asset Management. The new revolving credit facility led by Siena provides an $80.0 million commitment. The $28.5 million term note provided by GreenLake is backed by iMedia’s owned real estate, which includes its corporate headquarters and production studios located in Eden Prairie, MN, as well as its warehouse and fulfillment center centrally located in Bowling Green, KY. Both the revolving credit facility and term note have three-year terms.
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Citizens Financial Group Expands Financial Valuation Practice with Willamette Management Associates Acquisition
August 5, 2021Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced that it has entered into a definitive agreement to acquire Willamette Management Associates, a valuation consulting and forensic analysis firm with offices in Chicago, Atlanta and Portland, Ore. This transaction further strengthens our growing corporate financial advisory capabilities and places Citizens among the top valuation services providers in the country.
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Colbeck Capital Management Provides $58.5 Million Facility to American Biodiesel Producer
August 5, 2021Colbeck Capital Management announced it had provided a $58.5 million facility to ramp up operations of an American fuel producer. The growth capital will support the new company's production, storage, and distribution of biodiesel.
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BOK Financial Names Stacy Kymes President and CEO
August 5, 2021BOK Financial Corporation has named Stacy Kymes president and CEO effective April 1, 2022, upon the retirement of Steven G. Bradshaw. Kymes has also been appointed to the company’s board of directors effective August 3. Kymes, who has been with the company for 25 years, has served in various roles with the company, including chief auditor, director of mergers and acquisitions, and chief credit officer. In his current role as chief operating officer, he leads BOKF’s revenue-generating business lines including Specialized Banking, Regional and Commercial Banking, Consumer Banking, and Wealth Management.
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GoldenTree Announces Closing of $640 Million CLO Under GLM Strategy
August 5, 2021GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management (along with other affiliated investment managers "GoldenTree"), announced the closing of a $640 million collateralized loan obligation ("CLO") to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 10 ("GLM US CLO 10"), GoldenTree has issued 16 CLOs totaling over $9 billion under its GLM CLO strategy.
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Corvias Infrastructure Solutions Announces Financing From Goldman Sachs Asset Management For Green Stormwater Infrastructure
August 5, 2021Corvias Infrastructure Solutions, a leader in public infrastructure development and program management, today announced its closing with the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs) for a new credit facility of up to $75 million to finance vital municipal stormwater and green infrastructure programs. With $10.4 million committed, this financing will be used for the development of sustainable stormwater infrastructure in the Milwaukee metropolitan region of Wisconsin.
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