TSL Express Daily Articles & News

UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), today announces the expansion of its CLO Trustee and Loan Administration team with the hire of Henry Brigham, Willis Hwang and David Knecht.

Third Coast Bank, a wholly owned subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX), is pleased to announce today the successful completion of a New Syndicated Senior Credit Facility led by the Bank's Corporate Banking team.

The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP ("RSM") in partnership with the U.S. Chamber of Commerce, eased slightly to 130.0 in the third quarter from 132.3 in the prior period on a seasonally adjusted basis.

Bryant Park Capital ("BPC") announced today that Deminor Recovery Services ("Deminor"), a leading privately-owned global litigation funder, recently closed on an approximately $100,000,000 committed senior credit facility and asset-backed financing with two leading U.S.-based asset managers focused on the legal assets industry.

AdaptHealth Corp., a national leader in providing patient-centered, healthcare-at-home solutions including home medical equipment, medical supplies, and related services, announced today that it has closed a $950 million senior secured credit facility, consisting of a fully funded $650 million Term Loan A (the “Term Loan”), and a $300 million revolving line of credit (the “Revolver”).

Three Keys Capital Advisors (“Three Keys”) is pleased to announce a new agreement with Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America to source and advise on commercial finance transactions, as well as those in sustainable development and capital raising.

Private equity and venture capital investments in the battery energy storage system, energy management and energy storage sector so far in 2024 have exceeded 2023's levels and are on pace to reach one of the highest annual totals in five years.

Wingspire Capital is pleased to provide $40 million in senior secured financing to a technology firm that provides solutions for mass transportation systems. The transaction includes a $20 million revolver and a $20 million term loan.

BizCap®, a commercial finance firm established in 2002, announces it has secured financing for Primavera Foods USA, a family-owned business with over 25 years of experience serving major food service and retail operations across the nation.

BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans, announced today the appointment of Richard Henderson as the company’s new CEO.

Advantage Business Capital announces that it has approved and funded a $4MM invoice factoring participation for a California-based electronics manufacturer. This participation is non-lead and will allow the overall credit facility for the client to grow.

After achieving success and notoriety through excellent service to its residential community, a Southeastern-based HVAC company sought the opportunity to grow with several large, commercial facilities. The company did not have a working capital facility, so it called Renasant Bank.

Assembled Brands Capital is excited to announce a strategic lending partnership with Dirty Labs, a trailblazer in the sustainable cleaning products industry. Known for its groundbreaking approach to green chemistry and eco-friendly cleaning solutions, Dirty Labs has established itself as a leader committed to revolutionizing the cleaning sector with science-driven, environmentally conscious products.

SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $2 million credit facility for a leading Security and Maintenance of Traffic scheduling company, 904 Security, LLC. 904 Security provides Security and Maintenance of Traffic solutions to communities throughout Florida by deploying highly trained police officers.

NXT Capital announced today that it closed a senior credit facility in support of Revelstoke Capital Partners’ investment in MediQuant. NXT Capital acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent on this transaction.

Castlelake L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based investing with nearly 20 years of experience in aircraft investing, leasing and servicing, today announced it has entered into a sale-purchase agreement with Avolon, a leading global aviation finance company, for the sale of a $5 billion, 118-aircraft portfolio held by Castlelake Aviation Limited ("CA Ltd.").

First Trust Advisors L.P. (“FTA”) announced today the timing of the closing of the reorganization First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) (the “Fund”) with and into abrdn Income Credit Strategies Fund (“ACP”).

2U, a global leader in online education, announced it has successfully completed its financial restructuring and emerged from Chapter 11 as a privately held entity. With this transaction complete, 2U now operates with a significantly strengthened balance sheet, firmly positioning the company to support leading universities in delivering high-impact, career-focused education essential for building a skilled global workforce. 2U moves forward with complete continuity of its operations and the full support of a deeply aligned new ownership group.

Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs has completely replaced Goldman Sachs’ participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank.

Concord Summit Capital, LLC (“Concord Summit”), a nationally prominent real estate investment banking company, has closed on $83 million in construction financing for completion of a mixed-use residential and retail project in New Rochelle, N.Y.