TSL Express Daily Articles & News

First Citizens Bank today announced that its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund.

Pipe, the modern capital platform for fast, frictionless, dilution-free funding, today announced the close of a $100 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The facility, which has the potential to upsize up to $200 million in the future, will support Pipe’s Capital-as-a-Service solution, enabling access to capital for millions of small and medium-sized businesses (“SMBs”) historically lacking traditional financing options.

Barnes & Noble Education, Inc. (NYSE: BNED) (“BNED” or the “Company”), a leading solutions provider for the education industry, today announced that it has successfully closed its milestone equity and refinancing transactions (the “Transactions”) with Immersion Corporation (NASDAQ: IMMR) (“Immersion”) and certain of the Company’s existing stockholders and strategic partners.

SouthState Bank has announced the addition of seven new commercial and private bankers in its growing Georgia market.

Natural Gas Services Group, Inc. (“NGS” or the “Company”), a premier provider of natural gas compression equipment to the energy industry, announced today the closing of an expansion of its existing credit facility (the “Facility”) led by Texas Capital Bank.

Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) and its subsidiaries (collectively, “Nevada Copper” or the “Company”) today announced that they have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada.

Monroe Capital LLC (“Monroe”) announced it acted as lead arranger and administrative agent on the funding of a senior credit facility to support the growth of Signal 88, LLC (“Signal Security”).

International law firm McDermott Will & Emery welcomes Ellen Snare as a partner in the Transactions Practice Group in New York. Ellen represents some of the largest private equity portfolio companies, corporate borrowers, traditional lenders and private credit funds in various financings and restructurings. She joins from King & Spalding.

Unum Group (NYSE: UNM) announced today that it has completed an offering of $400 million aggregate principal amount of senior notes due in 2054 with an annual coupon rate of 6.00 percent. Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., PNC Capital Markets LLC and Truist Securities, Inc. were joint active book-running managers.

WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has named Patrick O'Malley to the role of Charleston/Huntington/Southeast Ohio (CHS) Market President and Senior Commercial Banker.

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has entered into a definitive agreement to acquire Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors with offices in New York City, Dallas, London and Munich.

Meridian Capital Group, one of the nation’s leading commercial real estate finance, investment sales and retail leasing advisors, announced today that it has named Melissa Martinez as the firm’s first Chief Risk Officer, effective June 17, 2024.

Assembled Brands Capital is celebrating the closing of a new revolving line of credit with BOBABAM, a high-growth, instant boba beverage brand based in California. After securing a new line of credit, the CPG company plans to invest in scaling up production, expanding distribution channels, and optimizing inventory management to drive growth and enhance operational efficiency.

KBRA releases research about the connection between appraisal values of distressed loans and CMBS performance. In light of the continued rise in CMBS delinquency rates, KBRA reviewed updated appraisal values from January 2021 through May 2024 of distressed CMBS 2.0 loans.

Ares Commercial Finance (“ACF”) announced today that it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with the acquisition of the First Capital asset-based portfolio in 2015.

Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced today that the Company has secured private financing from CIM Group, a leading investment firm and alternative asset manager with extensive experience in top-tier datacenter finance and development. APLD Holdings 2, LLC, a subsidiary of the Company (the “Borrower”), has issued a Promissory Note (the “Note”) for commitments that total $125 million at close (“Initial Commitments”).

PowerSchool Holdings, Inc. (NYSE: PWSC) (“PowerSchool” or “the Company”), a leading provider of cloud-based software for K-12 education, announced today that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the Company at $5.6 billion.

O’Melveny represented Citibank, N.A. as administrative agent in connection with Easterly Government Properties’ US$400 million revolving credit facility.

Osisko Development Corp. announces it has entered into an amending agreement to the credit agreement (the "Amendment") with National Bank of Canada (the "Lender") made as of March 1, 2024 providing for a US$50 million delayed draw term loan (the "Credit Facility"), through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("Barkerville").

Bayview Acquisition Corp (NASDAQ: BAYA, BAYAU, and BAYAR) (“BAYA”), a special purpose acquisition company, announced the execution of an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which BAYA will undergo a business combination with Oabay Inc. (“Oabay”), which provides trade credit digital transformation solutions, through its wholly owned subsidiary in mainland China.