TSL Express Daily Articles & News

ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac", or the "Company") today announced that, on December 27, 2023, it completed the refinancing of its existing Senior Secured Term Loan and other debt with two new financings totaling $885 million, which will both mature in 2029.

Eastern Bank is pleased to welcome Richard Norberg as Vice President, Underwriter and Portfolio Manager focused on asset-based lending. Based in Boston, Mr. Norberg’s experience spans asset-based lending as well as broader commercial lending, primarily focused on executing and managing asset-based lending solutions for a diverse range of both retail and C&I clients.

Parker, Hudson, Rainer & Dobbs LLP is pleased to announce real estate attorney Wes Pickard, healthcare attorney Tara Ravi, and bankruptcy attorney Matthew M. Weiss have been admitted to the partnership as of January 1, 2024.

Over the course of its 123-year history, Armstrong Teasdale has enjoyed a proud tradition of strong and visionary leadership. In keeping with that tradition, Armstrong Teasdale is proud to announce that effective Jan. 1, 2024, Richard (Rick) W. Engel, Jr. has been elected managing partner.

HSBC (HSBA.L) subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday.

Verona Pharma plc (VRNA) on Tuesday announced that its unit Verona Pharma, Inc. has entered into a debt financing with Oxford Finance LLC and Hercules Capital, Inc. (HTGC) to the tune of up to $400 million.

Fourshore Partners (Fourshore) announced today its acquisition of Power Funding (“Power”; “Company”), a premier factoring company focused on the oil & gas and transportation industries.

More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital. The latest is a Georgia based School Supplies company that services various schools throughout the United States, which just received a $250M accounts receivable factoring facility through Culain Capital.

Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, N.A., co-led by JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, and includes HSBC and MUFG as additional lenders. The Credit Facility replaces the Company's existing $25 million line of credit with JPMorgan Chase Bank, N.A.

KonaTel, Inc. (OTCQB:KTEL) (www.konatel.com), a voice/data communications holding company, announced that to support the expansion of its wholly owned subsidiary, IM Telecom LLC /d/b/a Infiniti Mobile a national Lifeline and ACP provider, it has closed a secured credit facility with ACP Financing VII LLC ("ACP Finance").

TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a vertically-integrated operator in Colorado and Oregon, today announced a significant restructuring of its senior secured loan; a strategic move designed to strengthen the Company's financial foundation and foster growth.

Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).

North Avenue Capital (NAC), a leading provider of USDA Rural Development Program financing across America, is pleased to announce the successful closing of a $1.8 million USDA Rural Energy for America Program (REAP) Loan for SEPV Cuyama, LLC (SEPV). As an industry leader, NAC's alignment with the renewable energy sector demonstrates its commitment to bolstering innovation and sustainability across rural America. ​

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.

Post-pandemic shifts necessitate more efficient operations and portfolios, advises Joe McKeska of A&G, along with fellow panelists at major restaurant industry conference

Hilco donates over 8,000 new winter coats to those in need and living in shelters in Chicago, IL, Boston, MA, Philadelphia, PA, and Alexandria, VA.

Vensure Employer Solutions, a leading provider of HR/HCM technology, managed services, and global business process outsourcing, today announced that Stone Point Capital Markets, a division of Stone Point Capital LLC, a private equity firm based in Greenwich, Connecticut, led a senior secured financing of $500 million to support Vensure Employer Solutions.

Amerisource Business Capital announced the closing and funding of a $5,000,000 working capital facility for a Texas-based manufacturer of outdoor recreational products. The proceeds were used to refinance the company's existing bank line and support its ongoing working capital needs.

Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to announce that it has amended and extended its credit facilities with The Toronto-Dominion Bank effective December 19, 2023. The maturity date for the credit facilities has been extended from December 22, 2024 to December 19, 2026.

Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG, a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.