TSL Express Daily Articles & News

Gordon Brothers, the global asset experts, has agented a $150 million debtor-in-possession (DIP) term loan for Big Lots Inc. The U.S. closeout retailer focused on value will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings to support the going-concern sale and stalking horse bid.

Porter Capital, a leading provider of invoice factoring and accounts receivable financing solutions, has provided an $8 million credit facility to a Boston, MA-based staffing agency specializing in life sciences, renewable energy, and information technology. This infusion of capital will support the company’s efforts to expand its operations and respond to the increasing demand for specialized talent across these high-impact sectors.

Tempur Sealy International has refinanced its credit lines with 13 different lenders that includes a $1.15 billion revolving credit facility, a $500 million term loan facility and an incremental facility that allows up to $850 million and additional amounts.

DailyPay, a provider of earned wage access solutions, has announced a USD 100 million increase in its secured credit facility from Citi.

The label will team up with Janie and Jack, an upscale children’s apparel retailer the investment platform acquired from Gap Inc. in 2021. ​

Austin Financial Services is pleased to announce significant growth in the first three quarters of 2024, supported by a strong backlog of deals expected to close in Q4.

nFusion Capital and Iron Horse Credit announced the funding of a $5.5 million line of credit to a wholesaler of kitchenware, chinaware, and kitchen accessories. The financing will support the Company’s working capital needs and provide a steady flow of capital during seasonal fluctuations in demand for its products.

Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE: 4WE) ("Entourage" or the "Company"), a Canadian producer and distributor of award-winning cannabis products, confirmed today it has signed an amendment (the "Amendment") to its senior secured amended and restated credit facility entered into on January 31, 2023 (the "Credit Facility") with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada ("LPF").

Las Vegas Sands Corp. (NYSE:LVS) has entered into a new credit agreement and terminated an existing one, as per a recent 8-K filing with the U.S. Securities and Exchange Commission.

In a significant development for the private funds industry, the U.S. Court of Appeals for the Fifth Circuit has unanimously vacated the SEC's 2023 Private Funds Rule, marking a major setback for the Commission's efforts to enhance regulation of private fund advisers. The ruling, issued this summer, found that the SEC exceeded its statutory authority in implementing the sweeping regulatory framework that would have imposed substantial new disclosure requirements and restrictions on the $26 trillion private funds industry.

The client, referred by Sallyport's account executive Olivia Hudson, is expanding into a new division focused on renewable energy and this funding will enable them to meet their payroll obligations and drive business growth as they break into a new sector.

First Business Financial Services, Inc., (Nasdaq: FBIZ), the parent company of First Business Bank, proudly announces its selection by Piper Sandler for the prestigious Sm-All Stars Class of 2024.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the following Investment and Accounting & Finance team additions: Caroline Sizer as Vice President of Portfolio Analytics, Paul Addeo as Accounting Manager, Elisa Gashaj as Tax Manager, and Will Atkins and Jemarc Walters as Investment Associates.

A Tiger Group online auction on November 5 will offer over 900 lots from PRG’s extensive rental inventory of professional production equipment. PRG, with offices worldwide, offers the industry’s largest inventory of professional production gear.

American Tire Distributors (ATD) has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. The restructuring plan aims to transition ownership of the company while addressing significant debt obligations.

Dave Gilbert, CEO of National Funding and its recently launched holding company FairSquare, announces a bank line of credit commitment for $83.25 million from Forbright Bank (with a total expansion capacity of up to $150 million).

Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that Kevin Blitz has joined the direct lending investment platform as a Managing Director.

Pure Fishing Inc., ("Company" or "Pure Fishing"), a global leader in the fishing tackle industry and portfolio company of Sycamore Partners, today announced the closing of a refinancing transaction of its outstanding debt.

Lawfty, the data-powered personal injury law firm that offers a clear advantage for personal injury clients and firms, today announces $40 million in debt financing led by CoVenture Management LLC ("CoVenture").

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Clinton Miyazono has joined as a Managing Director in its Capital Markets Group. Mr. Miyazono will supplement the firm’s credit capabilities and augment the Chicago office.