TSL Express Daily Articles & News

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank,is pleased to have led a $46.9 million financing for Radiopharm Theranostics Limited ("RAD" or the "Company”), an ASX listed clinical stage biotechnology company developing targeted radiopharmaceutical therapies and diagnostics for multiple types of cancer.

Bob's Stores ("Bob's"), a subsidiary of GoDigital Media Group, announced that the company will close all of it's Bob's locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. Despite making swift and aggressive changes to the company's structure and operations, Bob's Stores was unable to secure the finances needed to maintain operations. Bob's stores began Going Out of Business sales in stores on Friday June 28, with discounts of 30-70% off.

BNP Paribas received three prestigious industry awards, solidifying our position as a leading player in the growing CLO space. Winning the coveted CLO Bank of the Year and US CLO Deal of the Year from GlobalCapital in their annual US Securitization Awards and Best Performing Private Credit CLO of the Year from DealCatalyst in their U.S. CLO Awards acknowledges BNP Paribas’ commitment to clients across the US CLO market and represents a significant achievement for the bank.

Credit facility provides timely non-dilutive capital to support ongoing global commercialization of CytoSorb® as well as regulatory submissions and potential commercialization plans for DrugSorb™-ATR in the U.S. and Canada

Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has agreed heads of terms, subject to final documentation, with Landsbankinn for US$35 million in three Revolving Credit Facilities (the "Facilities"), securing a substantial increase and extension to its current debt facilities.

The funding round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. With this, it brings the total funds raised to $45m.

BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider.

Frontier Communications Parent, Inc. (NASDAQ: FYBR) (“Frontier” or the “Company”) today announced the closing of its previously announced fiber securitization notes offering. This transaction is the Company’s second fiber securitization and again demonstrates the long-term value of Frontier’s fiber assets and the Company’s ability to flexibly access investment grade capital.

Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.

Guess?, Inc. (NYSE: GES) today announced the successful expansion of the borrowing capacity under its existing European revolving credit facility from €250 million to €350 million. The facility, maintained through the Company’s wholly-owned Swiss subsidiary, Guess Europe Sagl, has a remaining term of roughly three years.

The Credit Facility has a four-year term and consists of a US$350 million revolving senior secured credit facility (previously US$250 million) with a US$100 million accordion feature.

BrightView Holdings, Inc. (NYSE: BV) (“Company”) today announced that its wholly-owned subsidiary, BrightView Funding LLC, has increased the overall size of its existing receivables financing agreement (the “Receivables Facility”) from $275 million to $325 million and extended its maturity date from June 2025 to June 2027.

Main Street Capital Corporation is pleased to announce the amendment of its revolving credit facility (the "Corporate Facility"). The recently closed amendment provides an increase in total commitments from $995.0 million to $1.110 billion and an increase to the diversified group of lenders to 19 lenders, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billion of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, advised on the sale of The Santa Barbara Smokehouse ("SBS"), a leader in producing smoked salmon of the highest quality, to HKW's portfolio company, PANOS Brands, LLC (“PANOS”), a provider of branded consumer foods.

The parent company of Redbox, the video rental kiosk often parked inside or outside grocery stores, filed for bankruptcy on June 28. This comes after the company, Chicken Soup for the Soul Entertainment, failed to pay employees, suspended medical benefits, defaulted on loans, and had an order for its vehicles to be repossessed. According to the filing, it has a total of $970 million in debt.

Ravinia Capital, LLC ("Ravinia") is pleased to announce the successful closing of a $35 million debt transaction by CommonView Capital ("CommonView") and Sandton Capital Partners ("Sandton"), to provide Pain Specialists of America ("PSA"), a portfolio company of CommonView and a leading interventional pain management services provider based in Austin, Texas, with enhanced financial flexibility to support its ongoing growth initiatives and strategic objectives.

ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), announces today that the Company and its subsidiaries, ONWARD Medical Inc. and ONWARD Medical S.A., signed a loan agreement in the amount of up to €52.5 million (the “Loan Agreement”) with U.S.-based lender Runway Growth Capital LLC (the “Lender”).

Wiggin and Dana LLP announced today that Miami-based restructuring partner Tamara Van Heel has joined the firm in South Florida, further expanding its platform in the state following the launch of a new Boca Raton office earlier this year.

On June 27, 2024 Hawaiian Electric Company, Inc. (Hawaiian Electric), a subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI), received approval from the Public Utilities Commission (PUC) for an asset-based lending facility credit agreement (ABL Credit Facility Agreement) that allows short-term borrowings of up to $250 million on a revolving basis using certain accounts receivable as collateral.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and equity co-investment to support Stellex Capital Management's ("Stellex") acquisition of TriplePoint MEP ("TriplePoint" or the "Company").