- Hilton Grand Vacations Refinances Term Loan B
- Lebron Womack Named Chattanooga Market President for First Horizon Bank
- Market Sizing Study
- Stratton Capital Group Closes $32.75 Million Senior Bridge Loan for 152-Key Branded Hotel
- Lafayette Square Provides Financing to Support RM Capital Partners' Investment in Samaha & Associates
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Otterbourg P.C. announced today that Jennifer Feeney and Pauline McTernan have been promoted to Members of the firm. A member of Otterbourg’s Bankruptcy Department, Ms. Feeney represents debtors, creditors’ committees, post-confirmation committees and litigation/liquidation trusts in large and complex bankruptcy cases.
Ms. Feeney is a member of the American Bankruptcy Institute and the New York Bar Association. She received her B.A. from Cornell University in 1994 and her J.D. from Fordham Law School in 1997.
A member of Otterbourg’s Litigation Group and co-chair of the firm’s Recruiting Committee, Ms. McTernan represents corporations, governmental agencies, financial institutions, and individuals in a wide range of litigation, arbitration, and bankruptcy matters.
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TSL Express Daily Headlines & News
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MidCap Business Credit Announces Asset-Based Credit Facility
December 14, 2021MidCap Business Credit announced today they have closed on a $9,000,000 asset-based credit facility for a Titan Production Equipment, LLC, headquartered in The Woodlands, TX. Titan Production Equipment designs, engineers, and manufactures surface production equipment, focused on filtration and dehydration units, serving the oil and gas industry.
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Ocean Bank Finances HGreg Nissan Dealership
December 14, 2021Ocean Bank announced that it provided financing of $26.7 million to HGreg Nissan Kendall, LLC, a subsidiary of HGreg USA Holdings, Inc.
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Winston & Strawn Represents Aries I Acquisition Corporation
December 14, 2021Winston & Strawn is representing Aries I Acquisition Corporation (Nasdaq: RAM) (“Aries”), a special purpose acquisition company, in connection with its business combination with Infinite Assets, Inc. (“InfiniteWorld”), a leading Metaverse infrastructure platform that enables brands to create, monetize and drive consumer engagement with digital content, that upon consummation is expected to result in InfiniteWorld becoming a publicly traded company with a pro forma equity value of approximately $700 million, assuming no redemptions by Aries’s public shareholders.
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Gridiron-Backed Colibri Group Announces Strategic Acquisition of TeachNow, Inc.
December 14, 2021Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company, Colibri Group (“Colibri”), a professional education company with leading brands that provide learning solutions to licensed professionals, has acquired TeachNow, Inc., one of the nation’s largest technology-centric teacher certification institutions, providing professionals the opportunity to transition into teaching.
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UrgentMED Secures Growth Investment from Quilvest Capital
December 14, 2021Anaheim Urgent Care, LLC and affiliates (“UrgentMED” or the “Company”), a leading independent operator of urgent care clinics in Southern California, has received a substantial growth investment from Quilvest Capital Partners (“Quilvest”). Quilvest is partnering with UrgentMED’s co-founders, Dr. Jacob Rastegar, Dr. Morris Kokhab, and Dr. Pejman Bolourian, who will each remain significant shareholders and will continue to lead the business going forward. FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to the Company.
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Blue Owl Capital Acquires Ascentium to Establish Hong Kong Presence as Part of Further APAC Expansion
December 14, 2021Blue Owl Capital (NYSE: OWL), a leading alternative asset manager, today announced it acquired Ascentium Group Limited to establish its physical presence in Hong Kong.
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Lakeland Bancorp, Inc. and 1ST Constitution Bancorp Announce Final Regulatory Non-Objection in Connection with Proposed Merger
December 14, 2021Lakeland Bancorp, Inc. (“Lakeland”) (NASDAQ: LBAI), the parent company of Lakeland Bank, and 1st Constitution Bancorp (“1st Constitution”) (NASDAQ: FCCY), the parent company of 1st Constitution Bank, announced that on December 10, 2021, the Federal Reserve Bank of New York issued a non-objection to Lakeland’s request to waive the application requirement in connection with the proposed merger of 1st Constitution with and into Lakeland. The companies have now received all regulatory approvals and non-objections in connection with the proposed merger.
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Kiwetinohk Energy Corp. Announces Expansion of Lending Syndicate and Increased Credit Facility
December 14, 2021iwetinohk Energy Corp. (“Kiwetinohk” or the Corporation”) is pleased to announce a 40 percent increase to its Senior Secured Extendible Revolving Facility (or “Credit Facility”). Kiwetinohk’s existing lenders, Bank of Montreal as agent and co-leads ATB Financial and National Bank of Canada, have completed their semi-annual borrowing base redetermination and have agreed to amend the Credit Facility and increase the borrowing limit from $225 million to $315 million.
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Leading Credit Rating Agency KBRA Acquired by Parthenon Capital Partners
December 14, 2021KBRA, a full-service global rating agency committed to innovation and integrity, today announced it has entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company. KBRA is the largest global credit rating agency founded in the wake of the global financial crisis.
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Essent Group Ltd. Announces Amended and Extended $825 Million Credit Facility
December 14, 2021JPMorgan Chase Bank, N.A., BofA Securities, Inc., and Royal Bank of Canada Capital Markets acted as joint lead arrangers and joint bookrunners for the Credit Facility. Associated Bank, National Association, Citizens Bank, N.A., KeyBanc Capital Markets Inc., and U.S. Bank National Association also acted as joint lead arrangers.
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First Republic Bank Board of Directors Announces Leadership Transitions
December 14, 2021Founder, Chairman and Co-CEO Jim Herbert will take a medical leave of absence from his executive position in response to a recent medical recommendation regarding a coronary health issue. Hafize Gaye Erkan will continue to serve as Co-CEO, as well as assume additional responsibilities. The Board of Directors has appointed Mike Roffler President, effective January 1, 2022.
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FTI Consulting to Acquire BOLD
December 14, 2021FTI Consulting, Inc. (NYSE: FCN) today announced that it has entered into a definitive agreement to acquire BOLD, a leading restructuring, transactions, digital and transformation advisory firm in the Netherlands. The acquisition is expected to close during the first quarter of 2022. Terms of the transaction were not disclosed.
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SmartRent Announces Entry Into $75.0 Million Revolving Credit Facility
December 14, 2021SmartRent, Inc. (NYSE: SMRT) (the “Company” or “SmartRent”), a leading provider of smart home and smart building automation for property owners, managers, developers, homebuilders, and residents, today announced that it has entered into a $75.0 million Senior Secured Revolving Credit Facility (the “Revolving Facility”) with a five-year term.
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Darling Ingredients Amends and Extends its Senior Secured Credit Facility
December 13, 2021Darling Ingredients Inc. (NYSE: DAR), today announced that it has amended and extended its Senior Secured Credit Facility. The amendment extends the maturity date of the revolving credit facility under the credit agreement to December 9th, 2026 (which is also the maturity date for the term loan A) and increases the borrowing capacity under the Senior Secured Credit Facility to $1.9 billion, inclusive of the $400 million delayed draw term loan A.
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Rosenthal Upsizes Inventory Purchase Commitment To $60 Million For California-Based Solar Products Distribution Company
December 13, 2021Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced it has upsized its recent inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels, increasing the initial $30 million commitment to $60 million.
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Amerifactors Financial Group, Llc Announces Recent Funding For Businesses Across The Nation
December 13, 2021AmeriFactors Financial Group, LLC, a leader in business funding and accounts receivable financing, continues to help thousands of businesses nationwide across a wide variety of industries. They are pleased to announce the following recent deals through accounts receivable financing.
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GHO Capital Invests in Biocare Medical, A Global Leader in Oncology-focused Diagnostic Reagents and Instrumentation
December 13, 2021Global Healthcare Opportunities, or GHO Capital Partners LLP, the European specialist investor in global healthcare, announces its investment in Biocare Medical (“Biocare”), a leading developer of world-class immunohistochemistry (“IHC”) and in situ hybridization (“ISH”) reagents for cancer diagnosis and chromosomal profiling. Existing investor Excellere Partners, a US-based private equity firm shall remain a significant partner in the company alongside GHO.
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Audax Private Debt Provides Financing to Support Wind Point Partners’ Acquisition of good2grow
December 13, 2021Audax Private Debt announced that, as Administrative Agent and sole investor, it provided a Second Lien Credit Facility supporting Wind Point Partners’ (“Wind Point”) acquisition of good2grow (“Company”), a national provider of clean label children’s juice and other beverage products. Terms of the credit facility were not disclosed.
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Ares Management Closes Senior Direct Lending Fund II at $14 Billion with Expected Leverage
December 13, 2021Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund II (“SDL II” or the “Fund”). With total equity commitments of approximately $8 billion, SDL II was significantly oversubscribed relative to its initial target of $4.5 billion.
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Electrolux Signs Inaugural Sustainability Linked Revolving Credit Facility
December 13, 2021The facility is for general corporate purposes and has a five-year maturity, with options to extend for up to two more years. The new facility refinances an existing EUR 1,000 million syndicated facility due to mature in May 2023.
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