TSL Express Daily Articles & News

Paladin Management, the middle-market advisory firm driving value creation through financial and operational consulting services, has further strengthened its partnership roster with new hire Amy Kirschner. Amy Kirschner, a senior corporate and investment banking professional, joins the Paladin team.

Kennedy Lewis Investment Management LLC ("Kennedy Lewis"), a leading alternative credit firm, and the California State Teachers' Retirement System (“CalSTRS”), have announced a strategic partnership focused on senior corporate lending for non-sponsored borrowers.

BB Energy Group Holding Ltd. – known as BB Energy – a leading and globally integrated commodities group, is pleased to announce the successful signing of its new USD 400 million 1 Year Revolving Credit Facility (RCF).

The first of its kind in Europe, Eiffel Impact Direct Lending is a unitranche private debt fund that systematically incorporates Impact Covenants® dedicated to SMEs.

Dundee Corporation (TSX: DC.A, DC.PR.B and DC.PR.D) (“Dundee” or the “Corporation”) announced today that it has entered into an amended and restated loan agreement dated July 9, 2024 (the “Amended and Restated Loan Agreement”) among the Corporation, as borrower, Dundee Resources Limited, as guarantor, and Earlston Investments Corp. (“Earlston”), as lender, pursuant to which Earlston has agreed to advance an additional C$5,000,000 to Dundee (the “Second Advance”).

Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (“CIBC”), as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof (the “CIBC Credit Facility”).

Tiger Group’s Advisory Services division has facilitated the sale of athleisure lifestyle brand Outdoor Voices to consumer-focused investment manager Consortium Brand Partners.

Audax Private Debt announced that, as Joint Lead Arranger, it provided a unitranche credit facility to support Macquarie Capital in their acquisition of Kalkomey (or the “Company”), a provider of online recreational safety education in North America.

Monomoy Capital Partners, a private investment firm focused on the middle market, is pleased to announce the closing of its fifth private equity fund (“Fund V”). Fund V exceeded its initial target of $1.6 billion and was oversubscribed at its final close of $2.25 billion (including a $250 million GP commitment). The firm’s previous fund closed in late 2021 at over $1.1 billion.

trategyCorps, LLC (“SC” or the “Company”), the industry-leading provider of deposit analytics and retail and small business checking-related solutions, and Estancia Capital Partners, a respected lower-middle market private equity firm with a successful investing track record in the financial services industry, announced today that they have successfully closed on a capital partnership.

Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of National Manufacturing Co. ("National" or the “Company”) by PrecisionX Group, an existing portfolio company of CORE Industrial Partners (“CORE”). PrecisionX Group was formed in 2023 following two previous CORE acquisitions, GEM Manufacturing and Coining.

Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the second quarter of 2024. Revenue grew 7% during the same period.

Wells Fargo & Company (NYSE: WFC) today announced that Alexandra Barth has joined the Corporate & Investment Bank (CIB) as co-head of Leveraged Finance within the Banking division. She will co-lead the Leveraged Finance team with Trip Morris.

Naked Wines PLC on Tuesday said it secured a new credit facility as the company also announces plans to recruit a new chief financial officer. The Norwich, England-based online wine retailer said CFO James Crawford has declared his intention to resign and step down from the board later this year in the autumn period.

In an attempt to deal with a heavy debt load and strained cash flow, market research firm Dynata has filed for prepackaged Chapter 11 bankruptcy protection, listing assets and liabilities of at least $1bn each.

ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured a $150 million five-year syndicated green term loan and revolving credit facility. Additionally, this transaction was well-received by a consortium of international financial institutions. The funds from this loan will support ACEN’s presence in the Asia Pacific.

North Dakota-based Epic Companies has filed for bankruptcy. The Minot-based business filed for Chapter 11, which involves the reorganization of debts and assets. The reorganization would allow Epic to continue operating under supervision of the court.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to the Special Committee at Via Renewables, Inc. (the "Company") (NASDAQ:VIA) (NASDAQ:VIASP), an independent retail energy services company, in the acquisition of the Company by a corporate entity owned by William Keith Maxwell III, Chief Executive Officer and Chairman of the Board.

Court-ordered sales by Tiger Group and Liquidity Services will feature more than 10,000 items, including drilling and frac equipment, rolling stock, industrial machinery, and more; first two auctions close July 17 and July 25

RelPro, the fast-growing business development and relationship management solution for Financial Services professionals, announced today its latest data integration with Rivel Banking Research, bringing Local Market Research into the RelPro platform. This new integration leverages data from Rivel’s Commercial and Small Business Customer Reports to provide bankers with insights into their customers’ experience as well as competitive benchmarking within their local market.