TSL Express Daily Articles & News

Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is proud to announce that it has been ranked the #1 Mid-Market Buyout firm on the 2024 HEC Paris-Dow Jones Performance Ranking.

Axos Bank (“Axos”), the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), announced the launch of its Middle Market Banking Division. Led by industry veteran Kristian (Kris) Ilkov, Axos will look to capitalize on disruptions in certain industry verticals. The Middle Market Banking team will provide hands-on relationship management for clients, including tailored banking solutions for middle market clients.

SoFi Technologies, Inc. (NASDAQ: SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi’s largest Loan Platform Business agreement to date.

Jones Day represented Nutrien Ltd. in connection with a public offering of U.S.$1.0 billion of Senior Notes, consisting of (i) U.S.$400 million aggregate principal amount of 4.500% Senior Notes due 2027 and (ii) U.S.$600 million aggregate principal amount of 5.250% Senior Notes due 2032.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the addition of Scott Schrenker to its construction team as a Business Development Manager. This new hire aligns with the company’s growth in the construction markets and provides additional resources to extend financing services and support to valued partners and clients.

GA Group, a leading asset disposition, valuation, appraisal, and real estate services firm, and A&G Real Estate Partners, a national real estate advisory firm specializing in lease optimization and real estate sales, announced plans to auction 790 retail store leases and five distribution centers in conjunction with the wind down of operations of fabric and crafts retailer, JOANN, Inc. following its filing for Chapter 11 bankruptcy on January 15, 2025.

Truist announced today the hiring of veteran commercial banking executive Gino Di Saverio, who leads a growing middle market banking team in New Jersey that includes three other recent hires.

Tiger Group and GESemi are now accepting offers for advanced equipment used to produce high-efficiency, gallium arsenide (GaAs) based thin-film photovoltaic (PV) cells The massive offering of fully decommissioned, ready-to-ship manufacturing assets from Endicott-based Ubiquity Solar—with nearly 600 crates stored in South-Central New York—features brands such as Aixtron Group, Attolight, GigaMat, SCHMID, Hercules and KLA Corp. (KLA-Tencor).

Further strengthening its premier asset-backed finance and complex securitization offerings, Paul Hastings LLP announced today that structured credit lawyer John F. Murphy III has joined the firm as a partner in New York.

Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC, ("Spirit" or the "Company") today announced that Spirit has emerged from its financial restructuring, completing a consensual, deleveraging transaction that equitizes approximately $795 million of funded debt. With significantly less debt and greater financial flexibility, Spirit emerges as a stronger company better positioned for long-term success.

Middle market leaders are navigating uncertainty while poised to make key longer-term investments in technology, talent, and growth according to propriety research on the views of C-Suite executives released by Citizens today.

HEALWELL has signed a $50 million credit agreement, contingent on and in support of its acquisition of Orion Health, with credit to be provided by a syndicate of Schedule I Canadian Banks, including The Bank of Nova Scotia as Sole Bookrunner, Admin Agent, and Co-Lead Arranger, and Royal Bank of Canada as Co-lead Arranger.

Audax Private Equity (“Audax”) and Lovell Minnick Partners (“LMP”) today announced a joint investment in Fortis, a payments technology leader for software providers, ERP customers, and scaling businesses.

Barings, one of the world’s leading investment managers, today announced it has served as lead agent for an incremental senior secured facility, increased revolver, and delayed draw term loan to support private investment firm Graham Partners’ portfolio company Woodland Gourmet (“Woodland”) in its acquisition of Sevillo Fine Foods (“Sevillo”), an artisan producer of quality, chef-inspired specialty ingredients.

Oxford Finance LLC (“Oxford” or the “Company”) today announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.

BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced that it has provided a $35 million construction loan to Yuval Shram’s Tay Investments to build a 6-Story, 202-Unit Residential Development at 277-301 West Side Avenue in Jersey City.

Silicon Valley Bank (SVB), a division of First Citizens Bank, announced today it has entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years.

First Citizens Bank today announced that its Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $75.0mm senior secured credit facility to Dixie Group, Inc. (“Dixie Group” or the “Company”).