- Catherine Wood Promoted to Head of Commercial Banking Strategy for First Horizon Bank
- Latham Adds Leading Investment Grade Debt Partner to Preeminent Capital Markets Practice in New York
- Hogan Lovells Cadwalader Continues Boston Office Expansion with Additional M&A Partner
- EBSC Lending Structures $43 Million Construction Loan for 152-Unit Senior Housing Development in Rochester, New York
- Hilco Global Provides $65 Million FILO Loan to a National Specialty Retailer
TSL Express Daily Articles & News
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Ares Management Corporation Closes Oversubscribed Second Junior Capital Direct Lending Fund
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger than its 2017 predecessor fund.
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DLL to Provide Dealer Floor-plan Financing for Forest River, Inc.
June 22, 2021DLL, global asset finance company for equipment and technology partnered with Forest River, Inc., manufacturer of a wide variety of quality recreational vehicles, cargo trailers, pontoon boats and specialty vehicles. Dealers of Forest River product will now have the benefit and option of financing floorplan and inventory purchases with a DLL line of credit, anywhere in North America.
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Siena Closes $58 Million Credit Facility for Textile Manufacturer
June 22, 2021Siena Lending Group LLC ("Siena") announces the completion of a three-year asset based revolving credit facility for a family‐owned and operated Textile Manufacturer (“Company”). The facility consists of a $50MM Revolver and a $8.1MM Term Loan. As one of the oldest textile businesses in the United States with a deep and rich history dating back to the mid-1800’s, the company and its 1,000 plus dedicated employees have consistently demonstrated their ability to provide high-quality fabrics and products to the industrial, workwear, retail, sportswear and protective markets.
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Rosenthal Completes $25 Million Factoring Deal for a New York-Based Apparel and Home Goods Company
June 22, 2021Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $25 million factoring facility to support future growth opportunities for a major supplier of apparel and home goods.
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Winston & Strawn Represents One Homecare Solutions
June 22, 2021Winston & Strawn represented One Homecare Solutions (“onehome”) in its sale to leading health and well-being company Humana Inc. (NYSE: HUM), from WayPoint Capital Partners (WayPoint), the private equity affiliate of a New York-based family investment office.
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FocalPoint Advises SDI Presence on a Minority Investment from Abry Partners
June 22, 2021SDI Presence LLC (“SDI” or the “Company”), an IT consultancy and managed services provider (“MSP”), has secured a minority investment from Abry Partners, LLC (“Abry”), a Boston-based sector-focused private equity firm. FocalPoint served as exclusive financial advisor to the Company.
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Northpoint Commercial Finance Hires David Zimmerman as Business Development Officer for their Asset Based Lending Division
June 22, 2021Northpoint Commercial Finance is pleased to announce the addition of David Zimmerman to their team as Business Development Officer for their asset-based lending division supporting North America-based middle and lower middle-market companies. He will report to Robert Wagner, General Manager and Head of Asset Based Lending.
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Sallyport Commercial Finance Provides $2 Million in Purchase Order Finance for Apparel Business Expansion
June 22, 2021Sallyport is thrilled to announce $2.0 million in accounts receivable and purchase order finance for an expanding apparel business. Sallyport already had a valued relationship with the client and had previously supported them with tailored financial services, so they had no doubts about returning to us when they found themselves in need of funding and a letter of credit in order for their suppliers to release their goods for shipping to the US.
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Wintrust Receivables Finance Partners with Elite Transit Solutions in Support of the 3PL's National Expansion and Explosive Growth
June 22, 2021Wintrust Receivables Finance announces its partnership with Pittsburgh-based, leading 3PL company Elite Transit Solutions (ELITE). The financing will support ELITE's rapid transformation from a regional transportation logistics company to a national brand fueled by its proprietary Chameleon TMS software.
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Prospect Capital Funds $55 Million First Lien Senior Secured Floating Rate Term Loan to Enseo
June 22, 2021Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Prospect has funded a $55 million first lien senior secured floating rate term loan to support the acquisition of Enseo Holdings, Inc. (“Enseo”) by an affiliate of H.I.G. Capital, LLC (“H.I.G.”).
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Kyle Myers, Regional President & Head of Corporate Banking, PNC Bank, Kansas City
June 22, 2021PNC Bank, N.A. today announced the appointment of Kyle Myers as the regional president and head of Corporate Banking for Kansas City, effective immediately. In this role, Myers will lead the efforts to provide customers and clients in the market with access to a full range of products and capabilities through PNC’s differentiated Main Street Bank model.
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Kredivo Closes an Additional US$100M Warehouse Financing Facility with Victory Park Capital, Expanding the Total Facility to US$200M
June 22, 2021Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Victory Park Capital Advisors, LLC ("VPC"), a global alternative investment firm headquartered in Chicago, today announced the expansion of the initial US$100 million debt facility closed in July 2020 to a new total of US$200 million. The capital will be used to fund consumer loans for Kredivo's borrowers in Indonesia.
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Pacific Western Bank Appoints Steven Schwimmer to a Newly Created Role as Chief Innovation Officer
June 22, 2021Pacific Western Bank announced today that they have hired Steven Schwimmer to a newly created position as their new EVP, Chief Innovation Officer. Steve will be responsible for the Bank's systems and applications environment, as well as various Bank Operations Groups. He comes to the Bank with over 27 years of experience in the technology and process area of banking and financial services.
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Raymond James Adds Senior Banker
June 22, 2021Raymond James has expanded recapitalization and restructuring investment banking group with the addition of senior banker Richard Klein. During his career, Klein has advised boards of directors, official and ad hoc creditors committees, private equity sponsors, and various creditor constituencies on transactions involving restructured liabilities. Klein’s transaction expertise includes in-court and out-of-court restructurings, M&A transactions, section 363 asset sales, rescue financing, and exchange offers.
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CIT Northbridge Provides $30 Million Credit Facility to Online Luxury Accessories Retailer
June 22, 2021CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $30 million credit facility to an online retailer of luxury accessories.
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Castleton Commodities International LLC Closes on $1.7 Billion Credit Facility
June 22, 2021Credit Suisse (Switzerland) Ltd., ING Capital LLC and Wells Fargo Bank N.A. acted as senior managing agents in the facility. BNP Paribas served as global coordinator and administrative agent for the facility. Cadwalader, Wickersham & Taft LLP served as counsel to the lenders. Stroock & Stroock & Lavan LLP served as counsel to the borrower.
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Schulte Roth & Zabel Announces Addition of Leading Finance Lawyer Gregory Ruback
June 22, 2021Schulte Roth & Zabel (SRZ) announces the addition of Gregory Ruback as a partner in the Finance & Derivatives Group, resident in the firm’s New York office. He joins SRZ from DLA Piper, where he was a partner in the Finance Group.
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Wolters Kluwer Earns 2021 Star Tribune Top Workplace Honors
June 22, 2021Wolters Kluwer has been named one of the Top 175 Workplaces in Minnesota by the Star Tribune in the Star Tribune 2021 Top Workplaces program. The prestigious program recognizes the most progressive workplaces in Minnesota and is based on employee opinions measuring engagement, organizational health and satisfaction. According to the newspaper, this year’s Star Tribune Top Workplaces survey analysis included responses from more than 76,000 employees at nearly 400 participating Minnesota public, private and nonprofit organizations.
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Monroe Capital Supports CORE Industrial Partners’ Arizona Natural Resources
June 22, 2021Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Marianna Beauty Holdings, Inc. (“Marianna”) by Arizona Natural Resources (“ANR”), a portfolio company of CORE Industrial Partners.
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Lam Research Reinforces its ESG Goals with New $1.5 Billion Sustainability-Linked Revolving Credit Facility
June 21, 2021Lam refinanced and upsized its existing $1.25 billion facility maturing October 2022 with this new five-year $1.5 billion sustainability-linked facility. JPMorgan Chase is the administrative agent and BNP Paribas is acting as the sustainability structuring agent. Joint bookrunners and joint lead arrangers on this transaction include JPMorgan Chase, Goldman Sachs Bank USA, Barclays Bank PLC, Citibank, N.A., BNP Paribas Securities Corp., and BofA Securities, Inc.
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Paya Announces Pricing of $250 Million Term Loan and $45 Million Revolving Credit Facility
June 21, 2021Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”), a leading provider of integrated payment and commerce solutions, today announced the pricing of a seven-year, $250 million senior secured term loan and a five-year, $45 million senior secured revolving credit facility.
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