- Siena Lending Group Agents a $35M Credit Facility for a Leading Media Company
- BRC Specialty Finance Provides $20 Million Senior Secured Term Loan Supporting AI-Driven HPC Data Center Infrastructure Provider
- Abacus Finance Group Provides Senior Debt Financing to Support SBJ Capital’s Strategic Investment in 3B International, LLC
- Perk Secures $300 Million Credit Facility to Accelerate Global Growth of Its AI-Native Platform
- Leading Securities Litigator Paul Rugani Joins Jones Day as Partner in Irvine
TSL Express Daily Articles & News
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Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that it has entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks.
JPMorgan Chase Bank, N.A., Citizens Bank, N.A., PNC Capital Markets LLC, Silicon Valley Bank, and Truist Securities, Inc. served as the Joint Bookrunners and Joint Lead Arrangers for the new credit facility with JPMorgan Chase Bank, N.A. serving as Administrative Agent, and Citizens Bank N.A., PNC Bank, National Association, Silicon Valley Bank, and Truist Bank serving as Co-Syndication Agents.
JPMorgan Chase Bank, N.A., Citizens Bank, N.A., PNC Capital Markets LLC, Silicon Valley Bank, and Truist Securities, Inc. served as the Joint Bookrunners and Joint Lead Arrangers for the new credit facility with JPMorgan Chase Bank, N.A. serving as Administrative Agent, and Citizens Bank N.A., PNC Bank, National Association, Silicon Valley Bank, and Truist Bank serving as Co-Syndication Agents.
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TSL Express Daily Headlines & News
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CIBC Innovation Banking Backs Madwire® with US$16 Million of New Financing
November 15, 2019CIBC Innovation Banking is pleased to announce two separate transactions totaling US$16 million for Madwire®, LLC, a Fort Collins, Colorado-based technology company which provides software and services to meet the business management and marketing needs for small-to-medium sized businesses (SMBs).
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Abraxas Announces Debt Refinancing and New Borrowing Base, Ample Liquidity and Enhanced Balance Sheet Stability
November 15, 2019Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced it has entered into a $100 million Senior Secured Second Lien Term Loan Facility (“Second Loan Facility”) with Angelo Gordon Energy Servicer, LLC. Net proceeds from the financing are estimated to be approximately $95 million, all of which was used to pay down the Company’s revolving credit facility.
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Michael Schechter Joins Ares Management Corporation as Head of Credit Trading
November 15, 2019Ares Management Corporation (NYSE: ARES) announced today that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U.S. and Europe.
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High Road Cap Sells Banner Solutions; Second Exit from Second Fund
November 15, 2019High Road Capital Partners (www.highroadcap.com) announced the sale of its portfolio company Banner Solutions (www.bannersolutions.com) to Tailwind Capital. The sale, which closed on October 31, 2019, marks the second exit for High Road Capital Partners Fund II.
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Expedition Closes $100M Revolving Credit Facility to Support Ongoing Rockies-Focused Water Midstream Development
November 13, 2019Expedition Water Solutions ("Expedition"), the leading midstream produced water infrastructure company in the Rockies, announced today it has expanded its revolving credit facility to $100 million. Cadence Bank ("Cadence") served as lead arranger and administrative agent.
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Bibby Financial Services Appoints Scot Barber as Regional Sales Manager - East
November 13, 2019Bibby Financial Services is delighted to announce a new addition to our team, Scot Barber. Mr. Barber joined our team in mid-October as our Regional Sales Manager - East. We are excited about the wealth of experience and dynamism in building partner relations that Mr. Barber brings to BFS.
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Tradewind Announces $2.5 Million Credit Facility for Sustainable Homewares Company based in China and the USA
November 13, 2019Tradewind has closed a $2.5 million trade finance facility for a company based in China and the USA that sells sustainable, ecologically sourced, and manufactured homewares. The company exports to major retailers in the US including Amazon, Target, Kroger, and The Container Store, as well as to distributors in key international markets globally.
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Rosenthal Provides $1 Million Purchase Order Finance Facility for International Women’s Footwear Designer
November 13, 2019Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $1 million inventory production finance deal for a well-known designer and importer of women’s footwear.
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Integer Announces Commitments to Reprice and Extend Maturity of its Revolving Credit Facility and Term Loan A; Launches Term Loan B Repricing
November 13, 2019Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced that it has received commitments to extend the maturity for its existing Revolving Credit Facility and Term Loan A to October 2022, and reduce the respective pricing by 25 basis points.
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LPL Financial Announces Completion of Leverage-Neutral Transaction Amending Senior Secured Credit Facilities and Offering Senior Unsecured Notes
November 13, 2019LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, the “Company”) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed the previously announced amendment of its senior secured credit facilities and offering of senior unsecured notes (the “senior notes”).
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FirstClose Completes a Credit Facility with Pacific Western Bank; Westlake Securities Serves as Advisor
November 13, 2019FirstClose (the "Company"), a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.
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BFS Capital Names Brian Simmons as Chief Operating Officer
November 13, 2019BFS Capital, a leader in small business lending, today announced the appointment of Brian Simmons as Chief Operating Officer. Simmons will join the executive team reporting to the company’s CEO Mark Ruddock.
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SG Credit Partners Adds Bridge Loan Product to Solve For High Net Worth Liquidity Issues
November 13, 2019SG Credit Partners ("SGCP") now offers an interest only bridge loan product designed to provide a liquidity solution for asset rich, liquidity constrained entrepreneurs when speed and certainty to close are required. We call it the "Personal Financial Statement (PFS) Loan."
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Change Capital Appoints Scott Bernstein as General Counsel
November 13, 2019Scott brings to his role extensive bankruptcy, reorganization, and commercial litigation experience, representing financial institutions, financial services companies, and secured and unsecured creditors. He will provide counsel and representation to Change Capital in these areas as well all legal matters.
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Ferrellgas, L.P., Reaches Agreement With Lender Regarding Alleged Defaults
November 13, 2019Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (NYSE:FGP) (“Ferrellgas”) announced today that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent (“TPG”) under its senior secured credit facility regarding alleged events of default that occurred under the credit facility.
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Austin Financial Services Provides a $3MM Revolving Credit Facility to a Telecommunications Company
November 12, 2019Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3MM ABL credit facility to a telecommunications company who specializes in the design, component procurement, installation, and training for specialized IT electronics systems servicing end-user markets in the western U.S.
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Big Shoulders and Iroquois Industrial Purchase Assets of Tennessee Company
November 12, 2019Big Shoulders Capital and Iroquois Industrial Group have formed a joint venture to purchase the assets of Savannah All American Millwork and Fabrication in Savannah, Tennessee. The purchase will save approximately 100 jobs which may have otherwise have been eliminated.
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J D Factors Announces Factoring Facilities
November 12, 2019
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Fifth Third Business Capital Provides $8 Million to Troy Lee Designs
November 12, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of an $8,000,000 senior credit facility to Troy Lee Designs, LLC. Based in Corona, California, Troy Lee Designs is a designer and distributor of high-quality helmets, apparel, safety gear and accessories used in the off-road motorcycling and mountain biking industries.
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Encina Business Credit Provides $15 Million Facility to a Coal Mining Company
November 12, 2019Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million commitment as part of a $135 million senior secured credit facility to a coal mining company. The company operates transloading and mining equipment facilities. The loan consists of a revolving line of credit secured by trade accounts receivable and inventory.
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