TSL Express Daily Articles & News

Eclipse Business Capital LLC (“EBC”) announced that it has provided an $80 million ABL credit facility to a consumer products manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.

Cliffwater Enhanced Lending Fund ("CELFX" or "the Fund"), an interval fund providing access to alternative private credit strategies, has announced the closing of a senior secured syndicated revolving credit facility (the "Facility"). The Facility is led by PNC Bank, N.A., as administrative agent and joint lead arranger and Barings as joint lead arranger through the Barings Portfolio Finance team.

In KBRA’s Q2 middle market (MM) surveillance compendium, we examine how revenue and EBITDA growth have cushioned the blow of higher interest costs among private credit borrowers. The analysis is especially interesting due to the dearth of observed defaults so far, relative to our expectations.

Today, Bank of America named Drew Slocum as president of Bank of America Wisconsin. As president, Slocum will lead the Wisconsin market and will be responsible for connecting clients, teammates and communities to the bank's eight lines of businesses and the full power of Bank of America.

Eisner Advisory Group LLC, the business consulting firm with a major presence in New Jersey, has admitted 23 new partners, effective Thursday, including three in the Iselin office.

Sabio Holdings Inc., a California-based ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands, is pleased to announce the closing of a new credit facility pursuant to the terms of a credit agreement between its U.S. operating subsidiaries and SLR Digital Finance ("SLRDF").

CIBC Innovation Banking announced today that it has provided $4.5M CAD in growth capital financing to support Wisedocs’ mission to both further broaden its client base and to expand its product offering. Wisedocs’ artificial intelligence (AI) software platform summarizes claim files for the insurance industry to enable fast and inexpensive medical record reviews.

US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to present eligible investors with a unique investment opportunity to participate in an investment round of up to $50 million for Zenon Laboratories (“Zenion” or the “Company”). Initially funded by NASA and deployed on the International Space Station, Zenion’s nanotechnology products provide low-cost, chemical-free drinking water that is inordinately superior to existing purification, filtration, and flocculation solutions.

First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand from its core clientele of entrepreneurs and business owners.

Monomy Capital Partners are thrilled to announce six well-deserved promotions across the Monomoy Investment, Operating and Origination Teams. These individuals’ collective efforts have been integral to the firm’s successes, and we look forward to the continued excellence each team member will bring to the firm and our partners.

LibreMax Capital, LLC (“LibreMax”), an asset management firm specializing in securitized products and asset-backed finance, today announced that it has entered into a partnership with iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, to offer wealth managers and advisors globally access to LibreMax’s investment strategy via iCapital Marketplace.

Morgan Stanley, Barclays, UBS, Bank of America, JPMorgan, Mizuho and SMBC are acting as joint lead arrangers and book-runners for the Term Loan. PJT Partners is acting as financial advisor to Allegro.

BrightNight (the "Company"), a leading renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions, announced today a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.

Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) to support the acquisition of TFS, Ltd. (“TFS”), by Southfield Capital.

Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it entered into a debt facility of up to $90 million with Perceptive Advisors LLC (Perceptive). Under the term loan, Neuronetics received the first tranche of $50 million at closing.

Thumbtack, the technology company helping millions of people confidently care for and improve their homes, today announced $75 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The debt facility provides access to efficient capital and liquidity for Thumbtack as it continues to bring the $600 billion home services industry online.

Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations.

The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024.

The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the home furnishing brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that it has entered into a five-year extension of its revolving credit facility and that its Board of Directors has authorized a share repurchase program.

Franklin Templeton Canada today introduced Benefit Street Partners' private credit investment strategy to Canadian qualified investors, accessible through iCapital's customized technology and servicing solutions.