TSL Express Daily Articles & News

Further strengthening its market-leading financial restructuring practice and continuing its strategic expansion in Texas, Paul Hastings LLP has added restructuring lawyer Charles Persons as a partner in Dallas.

Wrena, LLC, a leading full-service automotive supplier of stamped structural, tubular components, assemblies, and fine blank components, today announced that it has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan to pursue a sale of the company's assets.

Alaska Air Group, Inc. (the "Company") today announced that it launched a proposed senior secured term loan facility and intends to issue additional pari passu senior secured debt (collectively, the "Mileage Plan Financing"). The aggregate principal amount of the Mileage Plan Financing is expected to be $1.5 billion.

Lighthouse Financial Corp. is pleased to announce the completion of a $3,175,000 Credit Facility to an Atlanta-based manufacturer and distributor of healthy snacks and supplements.

Siena Lending Group LLC ("Siena") is pleased to announce that Jackson Bunn has joined the team as Vice President, New Business Originations within the Healthcare Division. Jackson has 11 plus years of diverse experience across ABL and Real Estate finance in the Healthcare sector and will be located in North Carolina.

Miller & Chevalier Chartered is pleased to announce Brian Gleicher has joined the firm as a Member in the Tax Controversy and Litigation practice. Gleicher brings decades of experience in guiding multinational corporations through complex tax issues.

Mountain Ridge Capital ("MRC") is pleased to announce the closing of a new credit facility for Owlet, Inc. (NYSE: OWLT). The new agreement provides for a three-year revolving credit facility of up to $15 million, increasing to up to $20 million on the first anniversary of closing.

Helana Robbins Huddleston, Partner, Transaction Advisory Services and Co-Leader of the Manufacturing and Distribution practice, and Jeff Wissink, Principal, Performance Improvement Practice Leader, are both members of CohnReznick’s Transaction Advisory Services practice.

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of Terry Kistler to Senior Vice President, Regional Manager of the Southern Delaware region, reporting to Shelly Kavanagh, Senior Vice President and Director of Retail Delivery.

Barclays today announces the appointments of Greg Petit as Head of Infrastructure, Power and Utilities for Canada, and Ken Davis as Head of Western Canadian Coverage. Mr. Petit will be based in Toronto, will report to Ryan Voegeli, Head of Investment Banking for Canada, and will collaborate closely with Sean Diskin, Head of Power & Utilities for the Americas.

Bahlam Capital (“Bahlam”), a Central American-based private equity firm focused on transformational growth opportunities, announced that it provided growth capital in the form of a mezzanine loan to Albedo Solar Leasing, S.A. (“Albedo” or “the Company”) on July 17, 2024.

Apollo (NYSE: APO), ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, and BNP Paribas, the European Union’s leading global bank, today announced a strategic financing and capital markets collaboration between Apollo, ATLAS and BNP Paribas.

OIC, a leading North American infrastructure investment firm with offices in New York, Houston, and London, has announced three internal promotions. Abbie Perry was promoted to Managing Director and Co-Chief Financial Officer, Fund Operations, Accounting & Tax.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is strengthening its construction division with the addition of James Elwood, Senior VP – Strategic Development. He will be responsible for establishing strategic finance programs for manufacturers and distributors of construction equipment across the United States.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that William (Bill) Gassel, CPA, has joined the firm as a partner in its National Assurance group. Based in Stamford, CT, Gassel focuses on assessing, developing, structuring, and managing internal quality control monitoring systems.

Simon Property SPG recently announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has amended, restated and extended its multi-currency unsecured revolving credit facility amounting to $3.5 billion.

Silver Point Capital held the final close of its latest opportunistic credit fund at $4.6 billion, surpassing the $4 billion target and more than double the size of its 2019 predecessor fund, which closed at $1.7 billion.

Wingspire Capital provided a revolving credit facility to a third-party logistics firm for enhanced liquidity. The company is a leading innovator in e-commerce logistics and supply chain as a service, offering skilled low-cost labor and bespoke fulfillment with value-added warehousing services to upstart retailers and omnichannel brands.

The private credit market, in particular the direct lending and infrastructure segments, continues to grow at a rapid pace, as reflected in the number of KBRA-rated private credit transactions.

CapitalPlus Supply LLC, a leading material provider for the construction industry, is pleased to announce it has provided $3 million in materials to a prominent Louisiana-based marine contractor.