TSL Express Daily Articles & News

Kari Balog Coniglio, a partner in the Vorys Cleveland office, has been named the co-chair of the firm’s bankruptcy and creditors’ rights group. She will serve as co-chair alongside Tiffany Strelow Cobb, a partner in the firm’s Columbus office. Together, Coniglio and Cobb compliment each other to strengthen client service.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Summit Professional Education (“Summit”) by Avathon Capital.

Blank Rome is pleased to announce the expansion of the firm’s newly opened Boston office with the addition of partners Stephen “Steve” D. Brook and Robert “Rob” Y. Chow, and senior counsel William “Bill” V. Sopp, who join the Corporate, M&A, and Securities group.

Wiggin and Dana LLP announced today that it will open an office in Boston in June, formalizing its long-time presence in a key market for clients in industries including life sciences, technology, healthcare, financial services, and aerospace and defense. The office will be anchored by Corporate Partner Daniela Badiola Spanos, who joins the firm from Choate Hall & Stewart, as well as Wiggin and Dana Life Sciences Chair Patti Kavee Melick and Emerging Companies and Venture Capital Partner Paul Hughes, who previously served as the firm’s Managing Partner.

A June 11 online auction by Tiger Group and Liquidity Services features intellectual property and $12 million in medical equipment and inventory from Medrobotics—including 23 of the company’s groundbreaking Flex and next-gen Flex360 surgical robotics systems.

A&G Real Estate Partners today announced plans to market 27 store leases in 12 states on behalf of Sam Ash Music Corp., the century-old American music retailer, pending court approval.

Wyndham Hotels & Resorts, Inc. today announced that it successfully completed the repricing of its existing $1.1 billion Senior Secured Term Loan B Facility due May 2030. Wells Fargo Securities, LLC acted as lead arranger. Deutsche Bank Securities Inc., JPMorgan Chase Bank, N.A., BofA Securities, Inc., Barclays Bank PLC, U.S. Bank National Association, The Bank of Nova Scotia and Truist Securities, Inc. acted as joint bookrunners.

Ocorian, specialist global provider of fund administration, capital markets, corporate, trust and regulatory & compliance services, has recruited Craig Buick as Chief Financial Officer as it continues to strengthen its leadership team for growth.

SLR Equipment Finance is pleased to announce Drew Pennline has joined the company as senior vice president, direct sales. In his role, Drew will help grow SLR Equipment Finance’s leasing and lending activities in Maine, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Ohio, Delaware, Mayland, Virgina, West Virgina, & Kentucky.

First Citizens Bank today announced that its Middle Market Banking business provided $31.5 million in financing to national fashion retailer Jaclyn LLC for the purchase of a newly constructed industrial warehouse and distribution center in Southern California.

Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $20 million USD credit facility to support the share purchase of Goli Nutrition Inc. (“Goli”) by a consortium consisting of Group KPS, Bastion Capital and one of the company’s original founders.

Flatbay Capital was able to put together a new, three-year interest-only deal that unlocked equity, eased reporting requirements, and reduced fees for this great client. The excess cash was used to support the expansion of the company’s business and the reduction in required reporting freed up time to focus on their core business.

Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $3,500,000 account receivable line of credit for a Midwest-based third-party logistics company.

First Horizon Corporation (NYSE: FHN or "First Horizon") has been recognized as one of America's Best Employers for New Grads 2024! This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 21, 2024, and can be viewed on Forbes.com.

CFG Merchant Solutions, LLC (“CFGMS” or the “Company”), a technology-enabled specialty finance and alternative funding provider, announced the successful completion of a $100.0 million senior credit facility. The credit facility is expandable up to an additional $45.0 million, representing a total capital raise of up to $145.0 million.

GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), a leading domestic airline in Brazil, today announced the next important milestone in its financial restructuring process initiated in the United States Bankruptcy Court, disclosing its new 5-Year Financial Plan (the "GOL 5-Year Plan" or the "5-Year Plan") that is expected to serve as the foundation for the Company's standalone legal plan of reorganization under Chapter 11 (the "Plan of Reorganization").

Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to extend and increase its credit facilities ("Facilities"). The Facilities were increased to $200 million (previously $155 million) and the revolving period and maturity date were extended to May 31, 2025 and May 31, 2026, respectively.

Creative Realities, Inc., a leading provider of digital signage and media solutions, today announced that it and First Merchants Bank (“FMB”) executed a credit agreement implementing the previously-announced $22.1 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.

Movie theater operator Cineworld Group, which has 9,139 screens in 10 countries, has received approval from the U.S. Bankruptcy Court for the Southern District of Texas for “first day” relief related to its Chapter 11 proceedings filed on Sept. 7. The group’s companies include Regal in the U.S.

Canadian insurtech Apollo Insurance has raised C$18.5m ($13.5m) to establish its new buy-now-pay-later (BNPL) subsidiary, FinShore. This initiative is set to offer more than 100,000 Canadians, particularly renters, a BNPL payment solution for their insurance premiums.