- Gordon Brothers Invests in Rachel Zoe
- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- Lafayette Square Provides Senior Secured Financing to Support the Growth of Prime IV Hydration & Wellness
- Aspen Aerogels Announces Amendment to MidCap Credit Facility
- SFNet New Member Spotlight: Cascade Credit Services, LLC
TSL Express Daily Articles & News
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MUFG Union Bank Leads Recapitalization for Carlyle-backed Software Company NetMotion
MUFG Union Bank today announced that its Commercial Banking group acted as lead arranger for a recapitalization for software company NetMotion, optimizing the company's debt financing. NetMotion is a portfolio company of The Carlyle Group.
"With this transaction, we are pleased to deepen our relationship with NetMotion and help them continue their growth trajectory both in the U.S. and abroad," said Bita Ardalan, Head of Commercial Banking for Union Bank. "Our dedicated Equity Sponsor Finance and Technology teams take the time to evaluate and truly understand each client's business, enabling us to meet the needs of our most sophisticated clients who require deep industry expertise, a high level of service and solutions specifically tailored to their unique business objectives."
"With this transaction, we are pleased to deepen our relationship with NetMotion and help them continue their growth trajectory both in the U.S. and abroad," said Bita Ardalan, Head of Commercial Banking for Union Bank. "Our dedicated Equity Sponsor Finance and Technology teams take the time to evaluate and truly understand each client's business, enabling us to meet the needs of our most sophisticated clients who require deep industry expertise, a high level of service and solutions specifically tailored to their unique business objectives."
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TSL Express Daily Headlines & News
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Yuma Energy, Inc. Enters Into Restructuring and Exchange Agreement
October 2, 2019Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma," the "Company," "we" or "our") today announced that it has entered into a Restructuring and Exchange Agreement (the "Restructuring Agreement") with Red Mountain Capital Partners LLC and its affiliates ("Red Mountain").
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Kindred Biosciences Secures $50 Million Debt Facility with Solar Capital Partners
October 2, 2019Kindred Biosciences, Inc. (KIN), a commercial-stage biopharmaceutical company focused on saving and improving the lives of pets, today announced the closing of a $50 million senior secured debt facility with investment affiliates managed by Solar Capital Partners, LLC.
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Badger Daylighting Ltd. Announces Increase and Extension to Credit Facility
October 2, 2019Badger Daylighting Ltd. (“Badger”) is pleased to announce that its wholly-owned subsidiaries, Badger Daylighting Limited Partnership and Badger Daylighting Corp., have increased their senior secured credit facility (the “Credit Facility”) with a group of five lenders from $145.0 million to $300.0 million.
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TKO Miller Advises TJ Hale Company on its Debt Financing
October 1, 2019TKO Miller, LLC is pleased to announce the successful closing of TJ Hale Company’s debt financing, which will be used to support its growth and working capital needs. The debt package included a revolver, an equipment loan, and a cashflow term loan.
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White Oak Healthcare Finance Provides $241 Million Financing for a 19 Facility Skilled Nursing Portfolio
October 1, 2019White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as administrative agent and lead lender on the funding of a $241 million senior credit facility secured by 19 skilled nursing facilities diversified across 6 states. The total portfolio comprised over 2,000 beds.
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Ferroglobe Amends its Revolving Credit Facility
October 1, 2019Ferroglobe PLC (GSM) (“Ferroglobe” or the “Company”) announced today that it has obtained the consent of its lenders for and entered into an amendment (the “Amendment”) to its existing revolving credit agreement (the “RCF”).
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LBC Small Cap Provides Unitranche Credit Facility and Equity Co-Investment to Support the Acquisition of McNally Industries
October 1, 2019LBC Small Cap, an affiliate of LBC Credit Partners, a leading provider of financing solutions to lower middle market companies, provided a unitranche credit facility and equity co-investment to support Susquehanna Private Capital’s (“SPC”) acquisition of McNally Industries, LLC (“McNally”).
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Coral Capital Solutions Extends $7.5 Million Factoring Facility to Provider of Therapeutic Services
October 1, 2019Coral Capital Solutions, a leading provider of financing solutions for medium sized enterprises, today announced a $7.5 million annual factoring facility with a profitable, fast growing provider of rehabilitative, educational and therapeutic services to children.
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PNC Bank Provides Financing to Industrial Distributor
October 1, 2019PNC Bank, National Association, announced today the closing of a $57.3 million senior secured credit facility to support Dallas, TX-based Crossplane Capital’s acquisition of the Accent Family of Companies (Accent).
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Huron Amends and Extends Senior Secured Credit Facility
October 1, 2019Among other items, the amended credit facility extends the maturity date from March 23, 2023 to September 27, 2024; increases the aggregate revolving commitments from $500 million to $600 million.
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Tradewind Funds Tire Supplier Based in China
October 1, 2019Tradewind has closed a deal with a tire company based in China to provide a recurrent facility of $800,000 to support the company’s export business to the USA. The supplier, whose products are sold globally, has additional branches in the United States, Africa, and Southeast Asia.
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InterNex Capital Announces Recently Completed Transactions
October 1, 2019InterNex Capital announces recently completed transactions powered by Velocity, InterNex’s underwriting and business analytics platform.
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People’s Capital and Leasing Corp Appoints Gerald LaPorta as Southeast Regional Vice President
October 1, 2019LaPorta will be responsible for the growth of PCLC’s equipment sales finance business, primarily focused on Transportation, and the growth of PCLC’s other equipment markets.
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TAB Bank Provides Supply Chain Management Company in Ohio with a $5 Million Revolving Credit Facility
October 1, 2019The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
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Senior Financial Executive Mark Fagnani Joins Clear Thinking Group
October 1, 2019Clear Thinking Group LLC announced today that Mark Fagnani has joined the firm as a Senior Managing Director. Mr. Fagnani has more than 30 years of hands-on experience working with large bank groups, private equity sponsors, turnarounds, workouts and insolvencies.
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CIT Bank Provides Nebraska Book Company New Credit Facility
October 1, 2019Nebraska Book Company (NBC) entered into a new five-year, asset-based loan facility with CIT Bank. Part of the proceeds will be used to replace its existing credit facility with Callidus Capital Corporation, which will mature in January 2020.
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Accord Financial Hires Irene Eddy as Senior Vice President, Capital Markets
October 1, 2019Irene will be a member of the executive leadership team at Accord, focusing on all aspects of capital markets, including sourcing, closing and managing financing relationships. She will be located in the firm's New York office
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Hamilton Thorne Announces US$7.5 Million Line of Credit
October 1, 2019Expansion of Operating Line of Credit to $4.5 Million; Renewal of $3 Million Acquisition Line of Credit
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Conifex Amends Senior Credit Facility
October 1, 2019Conifex Timber Inc. (TSX: CFF) (“Conifex”) announced today that it has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones.
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U.S. Xpress Enterprises Announces Amendment to Credit Facility
October 1, 2019U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.
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