TSL Express Daily Articles & News

ORIX Corporation USA (“ORIX USA”), the U.S. investment and asset management arm of ORIX Group, announced that President and CEO Terry Suzuki has assumed the role of Senior Managing Executive Officer of ORIX Corporation and is responsible for ORIX Group’s USA & Europe Business Unit, in addition to his current role at ORIX USA.

PowerBank Corporation (NASDAQ: SUUN; Cboe CA: SUNN, FSE: 103) (“PowerBank” or the “Company“), a leader in North American energy infrastructure development and asset ownership, today announced that it and its subsidiaries have entered into a loan agreement with NY Green Bank (“NYGB”) for a revolving credit facility with initial principal amount of up to $8 million USD (the “Loan”) that will be used to fund interconnection deposits for an initial portfolio of 50 MW of distributed solar power and battery energy storage projects located in New York State (the “Projects”).

Onset Financial, Inc. today announced that Silver Point Capital has acquired a controlling interest in the claims of Onset Financial, Inc. and certain of its funding partners against First Brands Group, LLC and certain of its affiliates. Terms of the transaction were not disclosed.

Leon Capital Group (“Leon” or “The Company”), a diversified holding company for a privately-owned group of entities, today announced the launch of a Transaction Advisory Services practice (TAS). The TAS practice will be led by Kevin Muskat who will be responsible for the growth and development of the new service offering based in Dallas.

Picard Medical, Inc. (NYSE American: PMI) (“Picard” or the “Company”), parent company of SynCardia Systems LLC, maker of the world’s first total artificial heart approved by both the U.S. FDA and Health Canada, today announced that it has entered into a definitive agreement for a private placement financing of up to $50.0 million aggregate principal amount of senior secured notes due 2028 together with warrants to purchase common stock of the Company.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $100 million of liquidity through a senior secured revolving credit facility. The financing supports a sponsor-owned industry-leading provider of power solutions, including mobile gas-powered turbines and diesel generators.

MidCap Business Credit is pleased to announce the closing of two new senior secured ABL credit facilities totaling $19MM. The first is a $7MM facility comprised of a working capital revolver and machinery and equipment term loan for a manufacturer of highly engineered roller components for the digital printing industry.

Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced the promotions of Seth Friedman and Eric Petersen from Managing Director to Senior Managing Director and Greg Scanlon from Senior Associate to Vice President.

J D Factors provided $5,425,000 in new factoring facilities to 22 new clients in the US and Canada during the month of December. Some of these facilities include: a $600,000 factoring facility for a transportation company in Illinois; a $500,000 factoring facility for a staffing company in North Dakota and a $500,000 factoring facility for a transportation company in Colorado.

Celtic Capital Corporation today announced its most recent new client relationship – a South-Central United States manufacturer of eyeglass lenses. This Company was seeking financing to pay off a small bank line of credit and a high-priced merchant cash advance loan, as well as a need for additional working capital to fund the Company’s anticipated growth.

Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") announced that its principal bank lender, KeyBank, N.A. ("KeyBank"), amended the Company's existing Revolving Credit Agreement to increase the overall commitments under the Facility to $500 million, including a $350 million revolving commitment and a $150 million accordion feature.

Collegium Pharmaceutical, Inc. (Nasdaq: COLL), today announced the closing of its inaugural syndicated credit facility. The new aggregate $980 million credit facility will mature in 2030 and consists of a $580 million initial Term Loan, $300 million Delayed Draw Term Loan, and $100 million revolving credit facility (collectively the “Credit Facility”).

SouthStar Capital is pleased to announce the funding of a $500,000 accounts receivable financing facility for a growing staffing services company supporting commercial property projects.

OceanFirst Financial Corp. (NASDAQ: “OCFC”), (“OceanFirst”), the holding company for OceanFirst Bank N.A., and Flushing Financial Corp. (NASDAQ: “FFIC”) (“Flushing”), the holding company for Flushing Bank, today announced entry into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger transaction.

Orion Group Holdings, Inc. (NYSE: ORN) (the “Company” or “Orion”), a leading specialty construction company, today announced that it has entered into a new, five-year $120 million Senior Credit Facility (the “Credit Facility”) with UMB Bank (“UMB”).

T-Max Lending LLC announced the successful closing of a $36.2 million loan to finance the development of a 4.5-acre greenhouse cultivation facility located in Port Orange, Volusia County, Florida.

Deerpath Capital Management, LP ("Deerpath"), one of the largest lower-middle market private credit managers in the U.S., recently announced a reset of Deerpath CLO 2023-2, a $353.55 million collateralized loan obligation (CLO).

Baker Garrington announced it has provided the following recent facilities: A $1 million factoring facility for an oil and gas company in Louisiana; a $250,000 factoring facility for a transportation company in Houston, TX: a $500,000 factoring facility for an oil field services company in Carrizo Springs, TX and a $250,000 factoring facility for an oilfield services company in Del Rio, TX.

SouthStar Capital has funded a $500,000 invoice factoring facility for a Virginia-based janitorial and maintenance services company supporting a large commercial contract. The company has been providing services at a temporary casino location and has now been awarded the contract to continue operations at the permanent facility, driving a significant increase in monthly revenue.

O’Melveny advised Samsung Biologics on its definitive agreement to acquire 100% of Human Genome Sciences from GSK, marking Samsung Biologics’ first US-based manufacturing facility. The transaction, valued at US$280 million, was announced on December 22.