TSL Express Daily Articles & News

Needham Bank is pleased to announce that Brad Buckley has joined the Commercial & Industrial Lending (C&I) team as Senior Vice President, Senior Relationship Manager, Middle Market. Reporting to Brian Sutton, Senior Vice President, Director of Middle Market, Mr. Buckley is responsible for initiating and developing relationships with Middle Market C&I customers, actively managing loan requests from the application stage to funding.

Orthofix Medical Inc. (NASDAQ:OFIX), a leading global medical technology company, today announced the entry into a new credit agreement providing the Company with up to $275 million in a senior-secured term loan with a 48-month interest only period.

Legacy Corporate Lending, LLC (“Legacy”), a leading independent asset-based lending (ABL) company, today announced that it provided a $40 million asset-based credit facility to Spray Products Corporation (“Spray Products” or the “Company”), a family-owned contract manufacturer of aerosol and liquid consumer products.

Latham & Watkins LLP1 is pleased to announce that 24 associates have been elected to the partnership and another 27 associates have been promoted to the role of counsel, effective January 1, 2025. The associate promotions announced today follow the election of 19 counsel to the partnership earlier this year.

Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm, and PhenixFIN Corporation (“PhenixFIN”), a publicly traded business development company (NASDAQ: PFX), today announced that they have partnered with Insight Equity (“Insight”) to provide a senior secured credit facility and preferred equity facility to support the refinancing of MB Precision Investment Holdings LLC (“Precision” or the “Company”) d/b/a Midstate Machine.

Monroe Capital LLC (“Monroe”) today announced the closing of its inaugural collateralized fund obligation (“CFO”) known as Monroe Capital CFO I, Ltd. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies, including Monroe’s flagship senior secured direct lending and alternative credit solutions platforms, in both rated and non-rated securities.

Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $54 million C&I loan portfolio on behalf of one of the 25 largest commercial U.S. financial holding companies.

Indivior Plc has entered into a refinancing agreement that would allow it to push back the maturity on its existing term loan with new six-year debt facilities.

Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced it successfully completed a new $40 million revolving credit facility with a major commercial regional bank. The credit line will be available to be drawn down as needed for general corporate purposes and working capital needs.

Holland & Knight has strengthened its Financial Services Team with the addition of Patricia "Tricia" Duffy as a partner in Washington, D.C. Ms. Duffy represents sponsors, equity investors, developers and lenders in the development, construction and financing of energy and infrastructure projects, including solar, wind, battery storage, hydroelectric and other renewable energy projects.

Katten announced today that Maximilien Pucci-Sisti Maisonrouge has joined its Private Credit practice as a partner in New York. There, he will apply his proven ability to navigate complex transactions and provide key guidance on various deal types, assisting the group's longtime work with many of the most active investors in the market.

Total bankruptcy filings were 47,104 in October 2024, a 16 percent increase from the October 2023 total of 40,674, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.

Delta Apparel has filed for Chapter 11 bankruptcy protection in the District of Delaware court. The news was announced following several challenges the apparel supplier faced over the course of the last several months, including the closure of its DTG2Go business and the departure of several key executives.

Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, announced today that it has completed an amendment to its existing senior secured credit facility.

Wrena, LLC ("the Company"), a full-service supplier of stamped metal products to the automotive industry, has announced a sale process under Chapter 11, Section 363 of the U.S. Bankruptcy Code.

Arch Capital Group Ltd. (NASDAQ:ACGL), a Bermuda-based insurer, has increased its letter of credit facility by $170 million, according to a recent SEC filing. The amendment to the credit agreement, executed on October 30, 2024, with Lloyds (LON:LLOY) Bank Corporate Markets plc, raises the available credit to $700 million.

eCapital Corp. (“eCapital”), a tech-enabled leader in financing solutions for small and medium-sized businesses (SMBs) across North America and the U.K., announced today the successful upsizing of its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million

SLR Equipment Finance (‘SLR EQF’) is pleased to announce Shila Ray has joined our company as Chief Financial Officer. In his position, Shila will play a key role in leading the Finance Team and in shaping portfolio strategies, undertaking investment/financing decisions and communicating with financial institutions/stakeholders.

RA Capital Funding LLC, a finance lender that specializes in asset-based lending and factoring in multiple industries, has closed on a $2 million credit facility with a northeast tri-state black car service company. The financing will be used for working capital and to foster expansion.

An outdoor apparel manufacturer approached Republic Business Credit for an asset-based loan when its existing senior lender could no longer support the company’s accelerated growth. Republic was able to provide a $15,000,000 asset-based loan and partnered with Change Capital to secure an additional $2,000,000 junior debt facility.