TSL Express Daily Articles & News

The financing was structured for a borrower facing a compressed timeline after construction delays created an imminent maturity default under the existing debt.

Quickpay Funding, LLC (“Quickpay”) has established a $200,000 accounts receivable factoring facility for a U.S.-based fresh produce wholesaler. The company, which sources fruits and vegetables from Central and South America and distributes to buyers across the United States, partnered with Quickpay to strengthen cash flow as produce season ramps up and order volumes increase.

Eversheds Sutherland is pleased to announce that Eric Kristiansen, Cleve Glenn and Ryan Pittman have joined the firm’s Houston office as partners, further expanding its Litigation and Corporate benches in a market that continues to drive significant client demand and underscoring the firm’s continued investment in Texas.

Jones Day has advised Montepino Logística SOCIMI, S.A., Montepino Logística Big Box, S.L.U., Montepino Logística Málaga, S.L.U., and Montepino Logística Last Mile, S.L.U. in connection with the refinancing of a €460,000,000 green syndicated financing.

Perfect Moment Ltd. (NYSE American: PMNT), a high-performance, luxury lifestyle brand that fuses technical excellence with fashion-led designs, today announced it has secured $12 million in growth financing.

BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH" or the "Company") today announced the launch of BRC Specialty Finance ("BRCSF"), a platform focused on addressing the short- and medium-term capital needs of underserved U.S. public companies, generally with market capitalizations under $1 billion.

Ravinia Capital LLC, a boutique investment bank focused on middle-market mergers and acquisitions, distressed situations, and restructuring, today announced that Rob Schwartz has joined the firm as Managing Director. Schwartz, based in Cleveland, Ohio, brings more than 15 years of private equity experience and a national origination network built across the middle-market deal community.

Citizens Capital Markets & Advisory announced today that it served as exclusive financial advisor to Lync Health Partners on its majority recapitalization by United Surgical Partners International, an operating subsidiary of Tenet Healthcare Corporation (NYSE: THC).

AFC today announced that it has expanded its senior secured revolving credit facility (“Credit Facility”) to $80 million with an additional $30 million commitment from the facility’s Lead Arranger, an FDIC-insured bank with over $75 billion of assets.

Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (‘Alkane’) is pleased to announce that it has executed an A$110 million Revolving Credit Facility (“RCF”) and A$40 million Contingent Instrument Facility (“CIF”).

Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and a global provider of aviation services, today announced that it has amended and extended its existing revolving credit facility, increasing total commitments from $1.0 billion to $1.75 billion and extending the maturity to April of 2031.

Southstar Capital is pleased to announce the closing of a $1,000,000 combined purchase order and accounts receivable financing facility for a Southeast-based importer and wholesaler of specialized concrete construction materials.

GACC™, GA Group's asset-centric lending platform, is pleased to welcome Jared Price as Director. In this role, Jared will oversee underwriting, credit risk, and portfolio management, strengthening the firm's core operational capabilities in providing flexible capital solutions to mid-market companies.

Barnes & Thornburg continues its strategic corporate practice expansion with the addition of New York-based Philip Cooke in the Tax practice. Cooke’s move follows the addition of six other corporate partners this year in Atlanta, Chicago, Dallas, Los Angeles and New York.

Alpine Ridge Funding (“Alpine”), an accounts receivable commercial finance company, announces the hiring of Cheryl Hollingshead. Cheryl is a seasoned industry veteran in the factoring and asset-based lending market with over 25 years of experience delivering customized working capital solutions to businesses nationwide.

Wingspire Capital provided a first out senior secured credit facility to a borrower that offers industrial fastening, packaging, labeling and coding solutions to manufacturing and distribution customers across the country.

Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that it has completed the refinancing (the “Refinancing”) of its former senior secured credit facility (the “Former 1st Lien Credit Facility”) and its former second lien credit facility (the “Former 2nd Lien Credit Facility”) through the issuance of a $160 million senior secured term loan (the “Term Loan”) with funds managed by FocusGrowth Asset Management, along with other members of a loan syndicate. FG Agency Lending LLC, a subsidiary of FocusGrowth Asset Management, acted as administrative agent for the Term Loan.

Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced the commitment of $50 million in growth capital to Sage Health ("Sage"), a full-risk primary care and wellness provider serving Medicare-eligible seniors.

JPalmer Collective (JPC), an asset-based lending firm focused on funding high-growth, women-led, and natural products companies, today announced the appointment of Ellie Jester as Chief of Staff. Jester joins JPC at a time of continued growth, as the firm builds out its team and deepens its focus on delivering relationship-driven capital to its partners.

eCapital Corp. (“eCapital”), a leading tech-enabled specialty finance provider for businesses across North America and the United Kingdom, today announced the appointment of Richard Tong as Chief Legal Officer. Tong will join eCapital’s senior leadership group, reporting directly to Marius Silvasan, Chief Executive Officer, and will oversee the company’s global legal operations.