TSL Express Daily Articles & News

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Charles (Chuck) Kavanagh, CPA has joined the firm as an assurance partner. Based in the Northeast, Kavanagh has more than two decades of experience providing attestation services, primarily across the consumer and industrial manufacturing industries including aerospace and defense, power production, life sciences, and plastics.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the closing of a commercial loan secured by a cultivation site in Florida for aggregate gross proceeds of $25 million. Trulieve will pay interest at a fixed rate of 8.31% for the duration of the five-year loan

Star Mountain Capital, LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce it has officially opened its Tampa office.

Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or "the Company") announced today that the Company has recently completed two financing transactions, which refinanced all of its remaining 2024 debt maturities. After giving effect to these transactions, the Company's next debt maturity without extension options is September 2025.

On.Energy, a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank.

Chicago Atlantic announced today the funding of a $16 million senior secured term loan to Margo, a cryptocurrency ATM operator that provides a secure and convenient way to instantly turn cash into digital currency.

nGene Holdings Inc. ("enGene,"Nasdaq: ENGN), a clinical-stage genetic medicines company whose lead EG-70 program is in a pivotal study for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC), announced today that it has entered into an amended USD $50 million loan agreement (the "Loan Agreement") with Hercules Capital, Inc. (NYSE: HTGC) ("Hercules").

Provident Financial Services, Inc. (NYSE:PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) (“Lakeland”), the parent company of Lakeland Bank, today announced that the two companies have agreed to extend their merger agreement to March 31, 2024, to provide additional time to obtain the required regulatory approvals.

Blank Rome LLP is pleased to announce that A. Kelly Williams has joined the firm’s Houston office as senior counsel in the Corporate, M&A, and Securities group. Kelly will focus his practice on advising clients, including private equity funds, portfolio companies, financial institutions, and privately held businesses, on structuring and implementing acquisitions, divestitures, and financing transactions, as well as providing strategic business counsel to support future growth.

Hull Street Energy has closed a $160 million financing for its 855 MW Milepost Power Texas portfolio known as Mesquite Generation. The plants in the Mesquite portfolio are located in Bastrop and Paris, Texas, and provide critical power generation and reliability services to the Texas grid. Proceeds will be used to fund reserves, expenses and distributions to investors.

Breakwall Capital LP (“Breakwall”), a credit investment firm that services the energy industry, announced today that it has launched as an independent and employee-owned asset manager. Breakwall is a seasoned credit investor and energy specialist dedicated to facilitating the growth and improvement of conventional, renewable and “next generation” energy companies.

MidCap Business Credit LLC announced today that it has completed a $12 million asset-based credit facility to an underground utility contractor located in New England.

Moritt Hock & Hamroff has announced that Sofia Fayer, Ilona Posner, Caitlyn Ryan and Michael Schwab have been elevated to Partner, and Karen Davakis, Marshall Dworkin, Grace Lee, Dan Lust and Michael Wickersham have been elevated to Counsel, effective January 1, 2024.

Salem Media Group, Inc. (NASDAQ: SALM) announced today that it has closed a new $26.0 million 3-year asset-based revolving credit facility with Siena Lending Group (the “New Revolving Facility”), which refinanced its prior revolving facility with Wells Fargo Bank.

Celtic Capital provided a $1,000,000 Accounts Receivable Line of Credit, a $200,000 Inventory Line of Credit and a $500,000 Equipment Loan which provided sufficient liquidity to meet the Company’s needs.

Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that it requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility by 18-months to April of 2026.

The company located on Hauppauge, New York on Long Island, that specializes in designing and creating tilt sensors and inclinometers since 1947, Spectron Systems Technology, opened a factoring line with Marco with the purpose of optimizing cash flow and operations.

U.S. lender Citigroup (C.N) is closing its global distressed-debt business as part of CEO Jane Fraser's overhaul, CNBC reported on Wednesday citing people with direct knowledge of the matter.

Haversine Funding announces $35 million in new lender finance loans for the final quarter of 2023. These transactions further underscore Haversine’s commitment to providing comprehensive and tailored solutions to the specialty finance market.

QMC Telecom International Holdings, LLC ("QMC"), a scaled, fast-growing wireless infrastructure platform in Latin America, announced today the successful issuance of debentures in Brazil totaling R$1.25 billion (more than US$250 million) by QMC Telecom do Brasil Cessão de Infraestrutura S.A. ("QMC Brazil"), its Brazilian subsidiary.