TSL Express Daily Articles & News

SAS Scandinavian Airlines (SK) has successfully emerged from U.S. Chapter 11 bankruptcy proceedings, marking what the company's CEO, Anko van der Werff, describes as a "new era" for the airline.

Tradewind Finance, an international trade finance company, has completed a USD 900,000 credit facility for an Indian seafood exporter specializing in frozen shrimp. The facility is providing additional working capital for the company to support their growth in line with increasing demand for their value-added shrimp product, which can come peeled, deveined and cooked.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has announced that, as part of its expanding cybersecurity and incident response capabilities, it has opened a digital forensic lab facility outside of Washington, DC.

Deerpath Capital Management, LP ("Deerpath"), a $8B AUM private credit manager focused on lending to the U.S. lower-middle market, recently announced a reset and upsize of Deerpath CLO 2018-1, a $402.8 million collateralized loan obligation (CLO).

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 future growth of EverService Holdings, LLC (“EverService”), an existing portfolio company of Sunstone Partners.

Haynes and Boone, LLP represented Arch Lending in securing $70 million in debt financing. The transaction coincides with an oversubscribed $5 million equity seed round.

The five-year loan and four-year interest-only period may each be extended another year should Arcus initiate Phase III trials for its cancer therapies, a HIF-2α inhibitor casdatifan and the CD73 inhibitor quemlicustat, and meet regulatory milestones, respectively.

These new positions will enhance the Company’s origination capabilities and portfolio management to better serve the needs of its existing and potential borrowers and their venture investors.

Comvest Partners (“Comvest”), a middle-market private investment firm, today announced the promotions of three key leaders of Comvest Credit Partners, its direct lending investment platform. Robert O’Sullivan has been appointed as Chief Executive Officer; Jason Gelberd as Chief Operating Officer; and Greg Reynolds as Chief Investment Officer, effective immediately. With these appointments, Michael Falk, Comvest’s Founder and Chief Executive Officer, assumes the role of Executive Chairman.

MoneyThumb, a leader in automated document evaluation and fraud detection solutions announced today that it has been acquired by Iron Creek Partners LLC (“Iron Creek”), a private investment firm with a focus on investments in the software, data, communications, and business services industries. Iron Creek led the investment group, which also included Main Street Capital Corporation (NYSE: MAIN).

HealthEquity, Inc. has successfully refinanced its prior credit obligations, repaying $511.9 million and establishing a new $1 billion senior secured revolving credit facility, which includes a $25 million sub-limit for letters of credit.

Varsity Brands (the “Company”), a leader in team sports, athletics and spirit, and KKR, a leading global investment firm, today announced the completion of the acquisition of Varsity Brands by KKR from Bain Capital and Charlesbank. As the new majority owner of Varsity Brands, KKR will support the Company as it continues to grow its business.

Capstone Partners, a leading middle market investment banking firm, has announced a significant appointment within its management team. Ken Wasik, Managing Director and Head of Consumer Products Banking, will now also serve as Co-Head of Investment Banking.

Fortress Investment Group today announces the appointment of Damola Adamolekun as CEO of RL Investor Holdings LLC.

Culain Capital, a premier provider of creative financial solutions, proudly announces the successful structuring of a $3,000,000 accounts receivable financing facility for a prominent warehousing and logistics services firm specializing in the renewable energy sector.

Almost three quarters (73%) of American small business owners say their business has grown in the last year, with even higher percentages for Black (84%) and Hispanic (80%) owners, according to the U.S. Bank 2024 Small Business Perspective that was released today.

nFusion’s $2 million factoring facility funding helped the Company to pay subcontractors faster, so they could acquire additional subcontractors’ services which enabled them to take on bigger projects and continue to grow.

VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, education, and business services industries, announced that David Fann has joined the firm as Senior Managing Director and Head of Investor Relations. Mr. Fann brings vast experience, having held executive leadership roles in private market firms that have invested over $50 billion in private equity and private credit for institutional investors.

BizCap®, a commercial finance advisory firm established in 2002, announces it has structured and secured financing for Gibbs Smith, an American publisher known for producing beautifully crafted books designed to enrich and inspire readers.

The trendy restaurant chain serves a popular niche, but has struggled to find enough customers.