TSL Express Daily Articles & News

Knight Therapeutics Inc. (TSX: GUD) ("Knight" or “the Company”), a pan-American (ex-US) specialty pharmaceutical company, announced today that it has entered into a revolving credit facility (“the Credit Facility”), with National Bank of Canada (NBC).

Turning Rock Partners ("TRP" or "Turning Rock"), a New York-based private investment firm, announces Shahid Khoja has joined the firm as Head of Credit. Mr. Khoja brings nearly 20 years of experience across public and private credit investing and leveraged finance, with deep expertise in opportunistic credit, structured products and special situations.

Haversine Funding, a trusted capital partner to the specialty finance market, is pleased to announce a new wave of fundings, highlighting its range of capital solutions for commercial lenders – from senior and junior lender finance lines of credit to participations in factoring, ABL, bridge loans, equipment lenders and more.

Truist Financial Corporation (NYSE: TFC) today announced it has hired Charles Alston as head of its new Nonprofit Hospitals, Higher Education and Government (HHG) banking team to drive focused growth and deepen client relationships.

Global law firm Squire Patton Boggs continued the expansion of its private capital and cross border financing capabilities with the addition of a three-lawyer team in its Private Credit and Direct Lending practice group.

Victory Park Capital (VPC), a global alternative asset manager specializing in private credit, has announced that Justin Maleson will expand his role to Managing Director, co-heading the firm’s legal credit investment strategy. The promotion underscores VPC’s ongoing investment in its legal finance capabilities and follows Maleson’s initial appointment in 2024 as Assistant General Counsel.

Top 100 retailer At Home Group and its affiliates filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on June 16.

Diversified Healthcare Trust (Nasdaq: DHC) today announced the closing of a new $150 million secured revolving credit facility. The facility is secured by 14 senior housing communities with 2,632 living units managed by Five Star Senior Living, the operating division of AlerisLife Inc., and provides DHC with enhanced liquidity to support its general business needs.

Republic Business Credit successfully funded a $1,000,000 non-recourse factoring facility for a prominent Los Angeles-based fashion and textile manufacturer. Republic's tailored solution provided the company with an outsourced accounts receivable partnership, cash flow support and resources to identify the creditworthiness of its customers.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of a $9.5 million asset-based loan facility for a large-scale manufacturer of graphic printing solutions.

Wintrust Business Credit (WBC) announces the closing of a new $100 million asset-based revolving line of credit to this Midwest-based distributor. WBC acted as the administrative agent and lead arranger for the new credit facility.

Blank Rome LLP is pleased to announce that partner David M. Clem and associate Megan A. Altobelli have joined the firm’s nationally recognized Business Litigation group and Financial Services industry team.

Aviation Capital Group LLC (“ACG”) announced today the closing of a $1 billion delayed draw secured credit facility entered into with a syndicate of lenders and maturing in June 2027.

CleanCapital, a leading independent power producer and investor in distributed clean energy assets, has expanded its warehouse credit facility with Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition.

Barclay Damon announces Natalia Ahmad, associate, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. Her primary office location is Syracuse.

Survey results suggest economic pullback as middle market firms slow CapEx and hiring plans

Sunnova Energy International Inc. (“Sunnova” or the “Company”) today announced that it has received approval for a series of strategic transactions intended to support a value-maximizing sale process as part of its ongoing Chapter 11 proceedings.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) (the "Company") today announced that it has successfully arranged a new $4.5 billion multi-currency revolving credit facility (the "New Revolver"). The New Revolver matures in June 2030 and will replace the existing multi-currency revolving credit facility of Carnival Holdings (Bermuda) II Limited, a subsidiary of Carnival Corporation. The New Revolver also contains an accordion feature, allowing for up to $1.0 billion of additional revolving commitments.

WhiteHawk Capital Partners has provided a $70 million senior secured term loan to an online grocer focused on providing fresh, high-quality, and locally sourced products to customers.

Lawrence has over 27 years of expertise in Asset-Based Lending (ABL) diligence, with an impressive 19 years as Executive Director for JPMorgan Chase's Field Examination Group. In that capacity, he oversaw all aspects of collateral diligence for ABL borrowers across both Investment and Commercial Bank sectors. His leadership and understanding of the various credit and collateral risks extended to transactions ranging from $5 million to $6 billion, including direct lending and private equity deals.