TSL Express Daily Articles & News

Zions Bancorporation, N.A., through its Colorado division, Vectra Bank, closed and funded two loan facilities totaling $7,068,600 for a vertically integrated co-pack manufacturer of fire-roasted green chilis, jarred salsa and other southwestern foods. The two separate credit facilities consisted of a $4,000,000 multi-year revolving line of credit and a $3,068,600 term loan.

Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including Citi’s global client base. It will invest across multiple asset classes, including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure.

SKYLIGHT LENDING, a leading provider of financing solutions in the residential solar space, proudly announces the successful closure of a multi-million-dollar credit facility with M&T Bank. This strategic relationship marks a significant milestone for Skylight as it positions the company for rapid expansion into five new states, solidifying its commitment to making solar energy affordable for homeowners nationwide.

Zions Bancorporation, N.A., through its Texas division, Amegy Bank closed {and funded} a $70,000,000 credit facility for an Owner-Occupied Real Estate Lender. The credit facility consisted of a multi-year revolving line of credit.

Gibraltar Equipment Finance (GEF) is pleased to announce the closing of a $1.75MM equipment lease to support an electric utility infrastructure services company (Company). The new capital equipment facility supports the Company’s recent geographical footprint expansion.

Brightwood Capital Advisors, LLC, a private credit firm, announced that it has provided financing to support Rockbridge Growth Equity’s (“Rockbridge”) acquisition of TouchFuse, LLC (“TouchFuse”). As part of the transaction, Rockbridge combined TouchFuse with its existing portfolio company, White Glove. Financial terms of the transaction were not disclosed.

Mitsubishi UFJ Financial Group (NYSE: MUFG) Economic Research Office issued its 2024 outlook report titled "Five Key Questions for 2024," in which contributors Henry Cook, Senior Economist, London; Agron Nicaj, U.S. Economist, New York; and Sai Yabuki, Japan Economist, Tokyo, explore major global macro themes for the next 12 months.

Peabody (NYSE: BTU) today announced the closing of a new $320 million senior secured revolving credit facility maturing in January 2028, subject to certain conditions relating to the company's outstanding Convertible Senior Notes due March 1, 2028.

Associated Bank today announced the appointment of Steven Zandpour as the company's executive vice president, director of retail banking. In his new role, Zandpour will focus on consumer and small business growth across the company's major metropolitan markets. He will also lead Associated Bank's branch network, contact centers and other sales and service channels.

Golub Capital today announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March. Andrea has over 30 years of industry experience and is joining the Firm after more than a decade in institutional sales leadership roles at BlackRock, most recently as head of its U.S. Pensions business.

First Business Bank announces that its Accounts Receivable Financing team recently funded a $5 million ledgered line Factoring facility to a client operating as a carrier in the transportation sector. The facility includes an additional $5 million accordion piece for future growth.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $5,000,000 debtor in possession asset-based loan to a specialty pharmacy in Texas (“Company”).

Phoenix Management, a part of J.S. Held’s “Lending Climate in America” survey results reveal concern for the second half of 2024, despite expected interest rate declines and customer’s expansion plans.

The following Cohn & Dussi attorneys were chosen as Top Lawyers for 2023: Managing Partner Lewis J. Cohn in the field of bankruptcy and workouts Partner Richard E. Alpert in the field of personal injury law Partner Russell A. Rosenthal in the field of personal injury law Associate Andrew B. Glaab in the field of bankruptcy and workouts

Audax Private Debt announced that, as Lead Investor, it provided Mezzanine Notes to support Sentinel Capital Partners’ (“Sentinel”) investment in Market Performance Group (“MPG” or the “Company”), a provider of sales strategy, account management, data and analytics, and other outsourced marketing services to health, beauty, personal care, and food brands across e-commerce and brick-and-mortar retail channels.

Amerisource Business Capital announced the closing and funding of a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy industry.

The Equipment Leasing & Finance Foundation (the Foundation) releases the January 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.

Edge Capital is a family office-backed specialty finance company focused on providing working capital solutions to businesses looking for flexibility and to those that may not have access to traditional bank financing. Edge is free from the layers of approvals, one-size-fits all approach, and regulations of most financial lending institutions.

NGL Energy Partners LP (NYSE: NGL) (“Partnership” or “NGL”), together with its wholly owned subsidiary NGL Energy Operating LLC (“NGL Energy Operating”), today announced plans to syndicate a new seven-year $700 million senior secured term loan facility (the “Term Loan Facility”).

Golub Capital BDC, Inc. (“GBDC,” or the “Company”), a business development company (Nasdaq: GBDC), announced today that it entered into a definitive merger agreement with Golub Capital BDC 3, Inc. (“GBDC 3”), with GBDC as the surviving company, subject to certain stockholder approvals and customary closing conditions.