TSL Express Daily Articles & News

TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.

BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $35 million to Naftali Group, a leading privately held, global real estate development and investment firm, in predevelopment financing for a 70-story tower located at 1016 NE 2nd Avenue in Miami Florida.

Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is pleased to announce that Sameer Kapoor has joined the Firm’s Atlanta office as a partner in the Bankruptcy, Restructuring & Creditor Rights Practice Group.

SLR Healthcare ABL has provided a $5MM asset-based revolving credit facility to a large regional home care agency providing Medicaid personal care services to over 1,200 elderly and disabled adults.

Charlotte-based equipment finance company closes its eighteenth asset-backed security transaction, providing funding for ongoing growth.

​eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company.

When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.

The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help.

The cosmetics company’s parent group, Avon Products, said it recently filed for Chapter 11 bankruptcy protection in the US to stave off debt pressures and the impact of looming lawsuits.

Flatbay Capitals provided a $3.9MM sale leaseback loan to pay off company's remaining loan to the incumbent lender and provide extra cash to finance working capital.

Davis Polk & Wardwell is continuing its lateral expansion with a trio of asset management partners from Debevoise & Plimpton in New York.

RelPro, a leading business development and relationship management solution for Financial & Professional Services, has been included on the Inc. 5000 list for the fourth consecutive year, distinguishing RelPro as consistently one of the fastest-growing private companies in the United States. RelPro is ranked #2710 on Inc. Magazine’s list in 2024, published today, thanks to the continued growth of its client base which now includes almost 60% of the Top 50 U.S. Banks.

​Inc. revealed today that eCapital Corp, a leading tech-enabled finance provider across North America and the United Kingdom ranks number 1968 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.

JetBlue shares tumbled Monday after the company announced plans to raise over $3 billion in debt and received credit downgrades from major credit rating agencies.

Holland & Knight advised Optivations LLC, a leader in e-commerce marketplace management strategy services, in connection with a significant investment from Skylark Private Equity Partners. The transaction closed on July 26.

In a letter to Isabella Guzman, Secretary of the Small Business Administration, SFNet expressed material concerns regarding the SBA’s new Working Capital Pilot program, targeting under-served small business borrowers. SFNet provided recommendations to mitigate risks and improve outcomes leveraging current SFNet member capabilities.

The gym chain has filed for Chapter 11 bankruptcy in Delaware, struggling with high competition and costs, while continuing operations and aiming to repay creditors.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences, healthcare services, healthtech, business services and SaaS companies worldwide, today announced the closing of a $47 million senior credit facility to Creative Solutions in Healthcare, Inc.

Moritt Hock & Hamroff announced today that Gary S. Rosner, a Partner and member of the firm’s Alternative Dispute Resolution and Litigation Practice Groups has been appointed to the Florida Supreme Court's Mediator Ethics Advisory Committee (MEAC) by Chief Justice Carlos G. Muniz for a four (4) year term through June 30, 2028.

Cornerstone Business Credit is pleased to announce the funding of an expandable $25,000 line of credit to a start-up personnel agency.