TSL Express Daily Articles & News

Griffon Corporation (“Griffon” or the “Company”) (NYSE: GFF) announced today that it has completed a favorable repricing of the outstanding balance of $459 million of its Secured Term Loan B facility (“Term Loan B”), which matures in January 2029.

Bridge Bank announced today that its Technology Banking Group has closed a $47 million term loan with Divergent Technologies Inc. to support the company’s continued growth.

Film, television and media financing firm BondIt Media Capital has closed a new credit facility of $60 million with the option to increase to $100 million, from Keystone National Group, a private credit fund and investment advisory firm.

Culain Capital is pleased to announce the successful structuring of a $3 million accounts receivable financing facility for a prominent manufacturer of sustainable denim. This financing arrangement will provide the necessary working capital to support the company's ongoing growth and future expansion plans.

BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $95 million in construction financing to developers David Bistricer and Anshel Friedman to build a 226-unit multifamily rental building located at 2359 Bedford Ave in the Flatbush neighborhood of Brooklyn, New York. The financing will be split evenly between BHI and Bank Hapoalim.

For 22 years Flatbay client, IBC Advanced Alloys, has manufactured beryllium and copper alloys to a variety of industries, becoming a leading expert in their field. In 2023, IBC experienced a decrease in profit margins due to two reasons: metal costs and existing customer contracts. In 2023, IBC experienced a decrease in profit margins due to two reasons: metal costs and existing customer contracts.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Summit Off Duty Services (“Summit”) by Security Services Holdings LLC (“Protos Security”), an existing portfolio company of Southfield Capital.

Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager with over $4.0 billion in assets under management (committed capital including debt facilities as of 5/31/2024) focused on generating defensive and premium yield and total returns from the less efficient and resources-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Charles Millard has joined as Senior Advisor.

Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology, today announced it has entered into an amendment and restatement of its existing term loans and revolving credit facility (“amended credit agreement”) to extend debt maturities, strengthen and streamline its lender group, reduce borrowing spreads, and expand the borrowing capacity under both its revolving credit facility and accordion feature.

CAN Capital, Inc., ("CAN") an innovator in alternative small business finance, has successfully completed a $175 million funding program, which includes a variable funding note facility with a maximum borrowing amount of $50 million and a $125 million asset-backed notes ("Notes") term securitization.

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $501 million collateralized loan obligation (“CLO”) to be managed by GLM III.

First Citizens Bank today announced that its Commercial Real Estate business provided $52 million in financing to a joint venture between Wheelock Street Capital and Foundry Commercial for the construction of Egret Point Logistics Center in Boynton Beach, Florida.

Solifi, a global fintech software partner for secured finance, announced that it was shortlisted in three categories at the Asset Finance Connect (AFC) Summer awards, which will take place at the Honorable Artillery Company on Tuesday 9th July and will focus on People, Planet and Profit, emphasising excellence in ESG.

Womble Bond Dickinson today announced that Phyllis A. Guillory has joined the firm’s Houston office as a partner in the Corporate and Securities group, where her practice will focus on complex tax issues and cross-border transactions.

LSQ, a leading provider of working capital and payments management solutions, recently originated an accounts receivable credit facility for a Louisiana-based AI software and services company.

RelPro, the fast-growing business development and relationship management solution for Financial & Professional Services, announced today that it is expanding its Business Executive and Company coverage through a new partnership with Cognism, a leader in premium sales intelligence. The new partnership and data integration will expand and deepen RelPro’s coverage of business decision-makers in the U.S. and globally with accurate emails, and mobile and direct phone numbers.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Jessie Handforth Kome has joined the firm as a Director in its Government and Public Sector Advisory practice. Based in the Washington, DC area, Kome has almost four decades of U.S. Department of Housing and Urban Development (HUD) leadership experience focused on community development, neighborhood stabilization, disaster recovery, and program innovation.

Crossroads Financial, a leading provider of inventory financing, is excited to announce that it has provided a $2.5 Million inventory revolver to support the acquisition of a 30-year plastic injection molding manufacturer specializing in kitchen utensils. The acquisition of this "Made in America" manufacturer, producing private label products for big box retailers throughout the United States, was necessitated by the retirement of its original owners.

Hilco Global is pleased to announce the completion of a successful engagement with Express as it is sold to Phoenix Retail. Phoenix Retail, a new retail business, is a joint venture between WHP Global and mall owners Simon Property Group and Brookfield Properties. ReStore Capital, an operating company of Hilco Global and a credit focused investment manager, agented a $65 million Second Lien Term Loan to Express in September 2023.

Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan.