TSL Express Daily Articles & News

Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $35 million credit facility with Charah Solutions, Inc. (“Charah”) or (“Company”), a leading provider of mission-critical environmental services and by-product recycling to the power generation industry. The new two-year credit facility was utilized to refinance existing debt as well as to provide additional working capital to support the Company's growth.

Buchalter is pleased to announce the addition of Juan Pablo Albán as a Corporate Shareholder in its Los Angeles office. Albán also joins as a member of the firm’s recently established Latin American Practice Group.

The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) (“Baldwin”) (NASDAQ: BRP), announced today the pricing of the previously announced offering by its direct subsidiary The Baldwin Insurance Group Holdings, LLC (“Baldwin Holdings”) and a wholly-owned corporate subsidiary of Baldwin Holdings of $600 million (representing an upsize from the previously announced $500 million) aggregate principal amount of senior secured notes due 2031 (the “notes”).

Haynes and Boone, LLP represented WinVest Acquisition Corp. (“WinVest”) (Nasdaq: WINV), a publicly traded special purpose acquisition company, in its proposed business combination with Xtribe P.L.C., a UK-based technology platform that aims to revolutionize local e-commerce.

C3 Rentals LLC ("C3"), a leader in trailer rental and ownership solutions, has successfully secured a $100 million debt facility funded by WhiteHawk Capital Partners, LP ("WhiteHawk") and arranged by Ankura Capital Advisors. This strategic financial boost is aimed at increasing liquidity and supporting the company's future working capital needs, enabling further expansion across the United States.

FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$14.2 million secured credit facility with Uniroyal Engineered Products LLC. (“Uniroyal”), a manufacturer of vinyl-coated fabrics and soft trim technologies.

Eclipse Business Capital LLC (“EBC”) announced that it has provided a $105.8 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a sporting goods manufacturer.

The Commercial Finance division of Pathward®, N.A., today announced an $8 million asset-based revolving line of credit facility to a PVC and thermoplastics manufacturer in Indiana. The financing provides the company with funding to pay off its current line of credit and to provide ongoing working capital.

Sallyport Commercial Finance is delighted to announce $2M in finance for a leading developer of cutting-edge optical equipment and corneal topography technology. This funding comprises cash flow loans and inventory finance as the business sets its sights on accelerating domestic revenue, achieving financial stability and further advancing its research and development endeavors.

Nabil Istafanous today announced the launch of Foothills Capital Advisory, a practice dedicated to helping businesses secure the necessary working and growth capital to succeed in today's challenging credit environment.

QuickFi® is pleased to announce the expansion of its QuickFi equipment financing platform into Canada. The patented QuickFi platform enables OEMs to offer equipment buyers a consistent, nearly instant, self-service equipment financing experience throughout the U.S. and Canada.

In his new role, Norman will be responsible for managing a portfolio of clients while consistently supporting the overall growth of Commercial Services in the Western region. Based in Los Angeles, he will report to Michael Raynor, portfolio team leader, under the direction of Western Regional Manager Darrin Beer.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Eiger BioPharmaceuticals, Inc. (“Eiger” or the “Company”) in the sale of substantially all of its assets related to the FDA-approved drug Zokinvy®, to Sentynl Therapeutics, Inc. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Dallas Division). The transaction closed in May 2024.

eCapital Corp. ("eCapital"), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, funded an $18 million asset-based lending facility for a leading commercial linen services company.

Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing. Royal Chemical Company, Ltd., headquartered in Macedonia, Ohio, is a manufacturer of custom mixed chemical products serving the industrial, commercial, and cleaning markets.

Verona Pharma plc announces it and its wholly-owned subsidiary, Verona Pharma, Inc., have entered into strategic financing agreements providing access to up to $650 million from funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and OMERS Life Sciences (“OMERS”).

Today, Electric Hydrogen announced $100M in corporate credit financing to support manufacturing and deployment of their innovative 100MW electrolyzer plants, which enable the lowest cost production of green hydrogen. The funding was led by HSBC, with participation from J.P. Morgan, Stifel Bank, and Hercules Capital.

Rashawn Parker joined SLR Equipment Finance as Associate Vice President in the Risk Department. In his new role, Rashawn will utilize his prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s evolving financial solutions platform.