TSL Express Daily Articles & News

GOLDEN RIDGE RESOURCES LTD. (TSX-V: GLDN) ("Golden Ridge" or the "Company") announces that in connection with its previously announced acquisition (the “Proposed Transaction”) of 80% of the issued and outstanding membership interests in MM Group Ltda. (“MMG”) it has entered into a credit facility agreement dated November 29, 2024, pursuant to which the Company has agreed to advance to MMG up to an aggregate of $950,000 (the “Loan”).

A New York-based apparel company has partnered with Republic Business Credit to secure a non-recourse factoring solution, allowing the company to extend payment terms to its customers without assuming additional financial risk. This partnership will enable the company to meet recent, growing demand for its products and solidify customer relationships to support long-term growth potential.

Winston & Strawn LLP advised Kans Capital Investments LLC (Kans), a Mexican private equity fund, in a joint venture arrangement with Castillo Funding, LLC (Castillo), whereby the parties have entered into an agreement to acquire U.S.-based Courtyard and Residence Inn hotels from Annemid PWDP, LLC.

Global law firm Hogan Lovells announced today that Jay Singer has joined as a tax partner in the firm’s Corporate & Finance practice group in the Washington, D.C. office. Singer, who joins from A&O Shearman advises clients on the tax aspects related to spin-offs, complex M&A, and cross-border transactions.

Crown Partners announces it has successfully arranged senior financing for Wyandot Snacks ("Wyandot"), a portfolio company of Astara Capital Partners. The firm served as exclusive financial advisor to Wyandot in connection with this transaction, which provides increased capital to support its continued growth.

Flatbay Capital is proud to announce the addition of Jesus Becerra, Business Development Officer in Austin, Texas. Jesus has extensive experience in banking, finance and business development.

Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest-based company supplying advanced structural composite assemblies and components for commercial and military aerospace markets.

KeyBank announced that Jonathan Munro has been named senior director of business banking for KeyBank. In this role, Munro is responsible for building KeyBank’s future operating strategy for the business banking segment of the Consumer Bank, which includes building and strengthening client relationships and growing capabilities in cash management, payments, and other business banking products and services.

The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that it has entered into additional amendments to (i) its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada, as administrative agent and collateral agent, and including Bank of Montreal and Federation des Caisses Desjardins du Québec

LSQ, a leading provider of working capital and payments management solutions, recently originated a $30 million accounts receivable credit facility for a New York-based staffing company.

Peterson Hawkins and Lilium Group announced the sale of Xcel Bulk Logistics (“XBL”) to the Kenan Advantage Group, Inc. (“KAG”), North America’s largest bulk logistics company. Amerisource provided both debt and equity to support the growth of XBL.

Fueled by a demand for its innovative automated handling solutions, a national manufacturer has partnered with Republic Business Credit to secure a $4,000,000 recourse factoring facility. Republic partnered with an independent private equity sponsor to complete the corporate divestiture of one orphan division that was primed for growth with the right partner.

Sallyport Commercial Finance is delighted to announce a $4,000,000 funding facility for Belluscura, a trailblazing medical device company focused on developing innovative oxygen enrichment technology. The funding, comprising accounts receivable and cash flow loans, will empower Belluscura to expand its operations into the U.S. market, supporting the production and distribution of their groundbreaking oxygen treatment devices.

Stoli Group's US unit has filed for Chapter 11 bankruptcy in a bid to safeguard its business operations, brands and personnel. The protection, which covers the company's Stoli Group USA LLC and Kentucky Owl LLC entities, was submitted to the United States Bankruptcy Court for the Northern District of Texas.

Mercuria Energy Group Ltd. ("Mercuria") is pleased to announce the successful closing of its USD 1,699,084,507 equivalent in USD and CNH Syndicated Term Loan and Revolving Credit Facilities (the "Facilities") in Asia.

On 29 November 2024, EDF (BBB positive S&P / Baa1 stable Moody's / BBB+ negative Fitch) signed a €6 billion syndicated credit facility for a five-year term, renewable twice for one year. Its cost will be indexed to three Group sustainability performance indicators, in line with the Loan Markets Association's Sustainability Linked Loans Principles:

MONTICELLOAM, LLC (“MonticelloAM”), a specialized multifamily and seniors housing bridge lending platform, closed $18,000,000 in bridge financing for a seniors housing community in Wisconsin. The financing was originated by Karina Davydov, Managing Director at MonticelloAM.

Installed Building Products, Inc. (the "Company") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company successfully repriced its $500 million term loan (the "Term Loan").

Amerisource Business Capital is pleased to announce the successful closing and funding of a $3,000,000 term loan and revolving credit facility for a utility consulting firm located in Texas.

Blackstone and Santander Corporate & Investment Banking today announced an agreement under which funds managed by Blackstone Credit & Insurance (“BXCI”) will acquire interests in a $1 billion portfolio of high-quality infrastructure loans from Santander.