TSL Express Daily Articles & News

Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California’s Chief Financial Officer.

Emergent BioSolutions Inc. (NYSE: EBS) announced today that it entered into a new credit agreement on September 30, 2024 providing for an asset-based revolving loan facility (ABL) with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent.

Haynes and Boone, LLP advised Satcom Direct in connection with its sale to Gogo Inc. (NASDAQ: GOGO). The transaction includes $375 million in cash and five million shares of Gogo stock. Satcom Direct could also receive up to an additional $225 million based on performance milestones through 2028.

Honigman announced that Kimberly (Kim) Dudek will succeed Donald (Don) Kunz as Chair of the Corporate Department, stepping up from her prior role as Vice Chair. Don, who served as Chair for 20 years, will continue as a partner in the Corporate Department, advising clients on corporate finance and governance matters while serving on the firm’s Attorney Compensation Committee and as Chair of the Operating Committee.

Barclay Damon announces the addition of 10 lawyers from Burns & Levinson, effective October 7. The group consists of a six-lawyer intellectual property team led by former B&L IP chair Deb Peckham that includes partners Kate Noll and Alex Smolenski, of counsel Jerry Cohen, and associates Dan McGrath and Kat Delos Reyes, along with several support staff.

Peregrine Energy Solutions LLC ("Peregrine"), an integrated multi-technology clean energy platform with a focus on utility-scale energy storage, and KKR, a leading global investment firm, today announced that Peregrine has closed on a credit facility from insurance accounts managed by KKR that can provide financing for up to $250 million in assets.

Powin, a global leader in battery energy storage solutions, announced today that it has successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm. The facility will be instrumental in supporting Powin’s working capital needs, driving continued innovation, and further enhancing the company’s financial flexibility as it expands its leadership position in the storage industry.

Cahill Gordon & Reindel LLP announced today that James Mandolfo has joined the firm’s Congressional Investigations and White Collar Defense & Investigations practices as a counsel in Washington, D.C.

Besse Forest Products Group, a longtime leader in Northern hardwood veneer, lumber, and specialty plywood manufacturing, has officially closed six of its green lumber sawmills and veneer mills in Wisconsin and Michigan. The closures mark a significant shift for the forest products industry in the Midwest, as the assets from these facilities are now up for sale.

Tiger Finance’s lending platform committed $125 million of capital in the third quarter to support clients’ strategic growth initiatives across various business sectors.

Monarch Alternative Capital LP, a leading opportunistic credit and real estate investment firm, announced today the successful final close of Monarch Capital Partners VI ("MCP VI").

Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today the completion of its acquisition of the business of alternative credit manager, Atalaya Capital Management LP (“Atalaya”). The acquisition was previously announced in July of 2024.

Lafayette Square USA, Inc. ("Lafayette Square"), a business development company, announced today that ING Capital LLC ("ING") has increased commitments to the hybrid credit facility that closed earlier this year. EverBank, N.A. ("EverBank") and First Citizens Bank ("First Citizens") will provide additional commitments which will increase the existing facility from $75 million to $150 million.

Large corporate bankruptcy filings continued to climb in the latter half of 2023 through the first half of 2024, according to a report released today by Cornerstone Research.

BIOLASE, Inc. (NASDAQ:BIOL) (the "Company"), a global leader in dental lasers, today announced that the Company and its direct domestic subsidiaries have voluntarily initiated Chapter 11 proceedings (the "Bankruptcy Petitions") in the United States Bankruptcy Court for the District of Delaware (the "Court").

ADT Inc. (NYSE:ADT), a leader in security and automation solutions for homes and businesses in North America, has announced the successful amendment and extension of its first lien revolving credit facility.

MKP Advisors (MKP), a leading global advisory firm, is pleased to announce that David O'Hara has joined the firm to drive the launch of its on-the-ground US operations. Having spent 16 years at Washington Analysis, where he built a strong following around both merger arbitrage and special situations investment strategies, David brings a wealth of knowledge translating complex policy into actionable investment ideas.

Advantage is proud to announce the funding of a $2.5MM invoice factoring facility for Houston, Texas area scaffolding, painting, welding, and machining business.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of a deal to acquire the assets of Accord Equipment Finance, the equipment leasing division of Accord Financial Corp. (TSX – ACD), the Toronto-based commercial finance company.

n September 30, 2024, Revlon Intermediate Holdings III (“Revlon”) and certain of its subsidiaries entered into a five-year senior secured asset-based credit agreement (the “Credit Agreement”) with Mitsubishi UFJ Financial Group (“MUFG”), as administrative agent, and the lenders party thereto.