- Kimbell Royalty Partners Reaffirms $625 Million Credit Facility and Extends Maturity
- Service Compression Announces $400 Million ABL Facility Upsize
- Eagle Point Closes $30 Million Financing with Circular Services
- i80 Group and Brim Partner to Offer Funding-as-a-Service With $300 Million Credit Facility
- Polestar Secures New Term Loan Facility of Up To USD 600 Million
TSL Express Daily Articles & News
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JPMorgan Chase Leads Syndicate of Relationship Banks in $150MM Revolving Credit Facility for Novocure
Novocure (NASDAQ: NVCR), a global oncology company working to extend survival in some of the most aggressive forms of cancer, today announced the closing of a new $150 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent and a syndicate of three relationship banks. Novocure may, subject to certain conditions and limitations, increase the revolving credit commitments outstanding under the revolving credit facility or incur new incremental term loans in an aggregate principal amount not to exceed an additional $100 million.
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TSL Express Daily Headlines & News
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North Mill Capital Announces Asset Based Revolving Line of Credit and aEquipment Term Loan Facility
September 16, 2019North Mill Capital is pleased to announce the funding of a $7,000,000 asset-based revolving line of credit and a $1,575,000 equipment term loan facility to Aerospace Manufacturing Group, Inc.
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Weatherford Announces Confirmation Of Plan Of Reorganization
September 16, 2019The United States Bankruptcy Court for the Southern District of Texas issued an order confirming Weatherford's Second Amended Joint Prepackaged Plan of Reorganization (the "Plan") of Weatherford International plc and its Affiliate Debtors under Chapter 11 of the United States Bankruptcy Code.
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Hana Financial Completes $56 Million SBA Securitization
September 16, 2019Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, today announced that its SBA lending subsidiary, Hana Small Business Lending, Inc. has completed the issuance and sale of $56.2 million of asset-backed notes secured by the unguaranteed portion of a pool of loans originated pursuant to the U.S. Small Business Administration’s SBA 7(a) 504 loan program.
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Versant Funding Announces a new $1.1MM Factoring Facility
September 16, 2019The new client is in the medical technology industry, creating software solutions to improve health care.
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Ryman Hospitality Properties, Inc. Announces Pricing of $500 Million of Senior Notes Due 2027
September 16, 2019Ryman Hospitality Properties, Inc. (RHP) (the “Company”) announced today that RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), its indirect wholly owned subsidiaries, priced the private placement of $500 million aggregate principal amount of 4.75% senior notes due 2027 (the “notes”).
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Neiman Marcus Secures $100 Million Facility to Increase Liquidity
September 16, 2019The luxury retailer plans to use proceeds from the facility, also known as a FILO, to reduce its revolving credit facility and create $100 million in liquidity the company can access in the future. Neiman Marcus Group Inc. completed a $100 million first-in-last-out facility that it will use to pay down the company’s revolver.
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Pacific Mercantile Bank Provides $4.5 Million in Financing to BTG Textiles
September 16, 2019Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $4.5 million credit facility to BTG Textiles. In addition to the financing, BTG Textiles utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.
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Utica Leaseco and Utica Equipment Finance Announce Transactions
September 16, 2019Utica Leaseco and Utica Equipment Finance is pleased to announce the completion of five transactions totaling over $10,000,000 during the week of September 9-13, 2019.
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Fred’s Inc. Taps SB360 As Exclusive Consultant to Conduct Store Closing Sales in the Last Remaining 81 Fred’s Stores
September 12, 2019Fred’s Inc., a discount value retailer, has once again tapped SB360 Capital Partners as their exclusive consultant to conduct Store Closing Sales in all 81 remaining Fred’s locations. SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, has closed 442 Fred’s locations since April of this year.
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Why Partnerships Are the Future for Fintech
September 12, 2019As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank or a startup looking to bring cutting-edge technology into the mainstream.
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Bill Fasel Joins Grant Thornton to Help Grow its Financial Advisory and Transformation Offerings
September 12, 2019Bill Fasel has joined Grant Thornton LLP as a managing director in the firm’s Strategic Solutions practice within Advisory Services. In this role, he will leverage the firm’s financial advisory and transformation capabilities to deliver turnaround and restructuring, operational improvement and transaction advisory services to underperforming and distressed companies and their creditors, lenders and other key constituents.
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TradeCap Partners Provides $4,200,000 PO Facility for Consumer Products Importer
September 12, 2019TradeCap Partners, LLC (“TradeCap”) structured a $4,200,000 PO facility for a consumer products importer to support seasonal promotional programs with multiple retailers.
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CIT Serves as Sole Lead Arranger on $27.2 Million Financing for Texas Assisted Living Facilities
September 12, 2019CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger for a $27.2 million loan for two assisted living facilities in Texas.
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In Equipment Rental Company Wind-down, Tiger Group to Sell a Large Offering of Construction and Industrial Assets
September 12, 2019More than 1,500 well-maintained cranes, lifts, telehandlers, excavators and other assets from Aerial Access Equipment are available for immediate purchase.
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Wells Fargo Unveils New Commercial Banking Structure in Nevada
September 12, 2019Wells Fargo (NYSE: WFC) announced that Stuart Brady, Vincent Ciminise and Ivan Ferraz will lead its newly integrated Commercial Banking operations in Nevada. The new roles stem from the bank’s recently announced regional structure for its Commercial Banking business.
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Monroe Capital Expands Credit Facility to MC Group
September 12, 2019Monroe Capital LLC today announced an increase in the credit facility to MC Group to support the merger of MC Group and Icon Identity Solutions (“Icon”), an existing portfolio company of Arcapita Investment Management US, Inc.
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Citizens Further Expands Corporate Banking Capabilities by Adding West Region, New Midwest Leadership
September 11, 2019David Musicant hired as Citizens’ first West Region leader and Jim Malz to serve as new Midwest Region leader and Ohio President.
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WPX Energy Announces Upsize and Pricing of Senior Notes
September 11, 2019BofA Merrill Lynch, J.P. Morgan, and MUFG are acting as lead book-running managers for the offering.
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NXT Capital Closes $220 Million Facility to Finance New Mountain Capital's Acquisition of Ontario Systems
September 11, 2019NXT Capital acted as the Joint Lead Arranger, Joint Bookrunner and Administrative Agent for this transaction.
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Susan Carol Creative Adds Marketing Leader to Agency Helm--Colleen Daly-Tinkham Formerly with Key Equipment Finance
September 11, 2019Colleen Daly-Tinkham joined Susan Carol Creative’s senior management team this month. She has more than 25 years of experience in marketing communications, most recently serving as vice president of marketing at Key Equipment Finance.
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