TSL Express Daily Articles & News

Since the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) went into effect earlier this year, Wolters Kluwer CT Corporation has fielded a range of queries in light of the complexity surrounding trusts and the types of trusts that are required to file a BOI report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and, where a trust owns or controls a reporting company, who are the reporting company’s beneficial owners.

SLR Healthcare ABL provides $4MM asset-based revolving credit facility for a skilled nursing facility. The borrower is a Nevada-based provider of 24-hour skilled nursing, post-operative care, and specialized programs including orthopedic rehab, ventilator care, and wound management.

lear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") announced today that the Company's indirect, wholly owned subsidiary, Clear Channel International B.V. ("CCIBV"), entered into a credit agreement (the "CCIBV Credit Agreement") on March 22, 2024 (the "Closing Date") governing CCIBV's new term loan facility (the "CCIBV Term Loan Facility"). Under the agreement, JPMorgan Chase Bank, N.A. serves as administrative agent and collateral agent, and J.P. Morgan SE serves as lead arranger and bookrunner.

AvAir, a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

BMO Global Asset Management (BMO GAM) today announced its third collaboration to broaden access to private markets for Canadian accredited investors. The new strategy, in partnership with Carlyle, will provide access to a global diversified private equity portfolio through a single fund, expected to be available this spring.

Since the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) went into effect earlier this year, Wolters Kluwer CT Corporation has fielded a range of queries in light of the complexity surrounding trusts and the types of trusts that are required to file a BOI report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) and, where a trust owns or controls a reporting company, who are the reporting company’s beneficial owners.

Tech Cargo, leveraging its innovative technology and deep industry expertise, is redefining the landscape of cross-border trade finance for funders through its new product, Capital Waves. At the heart of Tech Cargo's mission is the commitment to simplifying and de-risking the process for funders aiming to support small and medium-sized enterprises (SMEs) engaged in international trade.

LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.

LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.

Montfort Capital Corporation, a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced an up to C$200 million senior secured, revolving credit facility (the "Credit Facility") for its wholly-owned subsidiary Brightpath Capital Corporation ("Brightpath") from funds managed by Atalaya Capital Management LP ("Atalaya").

Natixis CIB acted as Joint Lead Arranger, Co-Green Loan Coordinator and Joint Bookrunner. Natixis CIB was also the sole Documentation Agent and Administrative Agent across the four financings.

Altera, an alternative asset manager that capitalizes the lower middle market, announced that it has surpassed $400M of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over 35 GPs across private equity, real assets, and private credit.

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that Matador and its lenders successfully amended the Company’s credit agreement to, among other things, (1) increase the elected commitment from $1.325 billion to $1.5 billion, (2) increase the maximum facility amount from $2.0 billion to $3.5 billion and (3) extend the maturity date by three years to 2029. Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Thomas McDermott, CISA, CRISC, CGEIT, Principal, CohnReznick Advisory, has been named one of The Consulting Report’s Top 25 Technology Consultants and Leaders of 2024.

Gordon Brothers, the global asset experts, has completed the acquisition of substantially all the assets of Catch Co., a portfolio of fishing brands that has generated nearly $300 million in revenue since its inception in 2012 with the launch of Mystery Tackle Box.

-KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market. Highlights from the report are below:

Dext Capital (Dext), a leading essential-use healthcare equipment lessor, announces the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.

Eclipse Business Capital LLC (“EBC”) announced that it has provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industry.

Erik joined WebBank in September 2016 as the Vice President of Due Diligence and Implementation bringing many years of risk management, business development, operations, relationship management and leadership experience.

Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer.