TSL Express Daily Articles & News

Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided first lien senior secured term and convertible loans to support the acquisition of Druid City Infusion, LLC (“Druid City”) by investment funds managed by Inlet Road Capital Management, LLC (“Inlet Road”) in partnership with Druid City’s founders and leadership team.

Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York, announced the realization of its $45 million investment in MedShift (the "Company"). The Company is a founder owned and led medical technology software provider based in Charlotte, NC.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $40 million to $45 million for the commitment capacity of the Accounts Receivable Securitization Program of Hyperion Materials & Technologies Inc. (“Hyperion”), headquartered in Worthington, Ohio.

JPMorgan Chase Bank, N.A., Truist Securities, Inc., BMO Capital Markets Corp., and MUFG Bank, LTD. are Joint Bookrunners and Joint Lead Arrangers on the Facility. JPMorgan Chase Bank, N.A is the Administrative Agent on the Facility.

Following a period of rapid growth, a Texas-based solar panel installation company sought a long-term funding partnership with Republic Business Credit. The company’s founder said, “We needed a team with expertise in the energy industry combined with the long-term ability to scale with our business. Republic has that industry knowledge and vital flexibility.”

Altriarch Asset Management (“Altriarch”), a private credit firm, today announced a $70 million commitment from the State of Wisconsin Investment Board (“SWIB”). The investment allocates $20 million for Altriarch’s Specialty Finance Strategy (the “Strategy”), launched in August 2023, that seeks to deploy capital through a network of secured finance operators across the United States.

Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, today announced its third annual Power Partner Awards. The prestigious list honors B2B organizations across the country that have proven track records supporting entrepreneurs and helping startups grow. This year’s list recognizes eCapital among 359 companies in marketing and advertising, health and wellness, financial services, legal, logistics, public relations, and productivity, as well as other critical areas of business.

Commercial Credit Group Inc. (CCG), an independent equipment finance company serving the construction, manufacturing, transportation, and waste industries held employee events on Friday, October 18, to celebrate the 20th anniversary of the company’s founding.

Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Documentation Agent on a $425,000,000 SPV ABL facility ("SPV ABL") and $120,000,000 retail inventory ABL facility ("Retail ABL") for The Aaron's Company, Inc. ("Aaron's", or the "Company"), an omni channel provider of lease-to-own ("LTO") and retail purchase solutions of furniture, consumer electronics, and home appliances across its brands: Aaron's, BrandsMart U.S.A, BrandsMart Leasing, and Woodhaven.

Atlantic Union Bankshares Corporation (“Atlantic Union”) (NYSE: AUB) and Sandy Spring Bancorp (“Sandy Spring”) (Nasdaq: SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion.

Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, welcomes Ryan Senter as a Managing Director in the Performance Improvement practice.

eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced the completion of a $50 million confidential factoring facility for a prominent staffing company specializing in power and energy

Launched today, BRG’s "M&A Disputes Report: Five Years in Review – Lessons Learned and Future Outlook" examines the evolution of the M&A disputes landscape since BRG’s research into this area first launched in 2020.

Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of Assets Under Management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”).

Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo.

Culain Capital Funding, LLC, a leading factor and asset-based lender, is pleased to announce the closing of a new $30 million senior lending facility with Texas Capital. This strategic partnership will provide Culain Capital with enhanced capabilities to expand its working capital solutions, allowing the firm to support a broader range of businesses in need of flexible financing options.

Greenbelt Environmental Services ("GES"), a leading provider of comprehensive waste and recycling solutions, is pleased to announce the successful closing of a new credit facility (the "Financing"). The Financing will enable GES to execute its strategic growth initiatives, including investments in capacity expansion and technological solutions to enhance the customer experience.

First Citizens Bank today announced the appointment of Michelle Draper to Chief Marketing Officer (CMO). Most recently, Draper served as Chief Marketing and Sales Strategy Officer of Silicon Valley Bank (SVB), a division of First Citizens Bank.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce that Paul Slocum has joined the company as Vice President of Sales for the technology finance team.

For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today.