TSL Express Daily Articles & News

New England Consulting Partners, a national turnaround management firm headquartered in Boston, today announced two senior-level promotions in conjunction with the company’s recent expansion into new industries and geographies, including Europe.

A group of banks launched a $5 billion leveraged loan sale on Wednesday to help finance KKR & Co.’s purchase of a stake in Cotiviti Inc., according to people with knowledge of the matter.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility.

SLR Digital Finance announces the funding of a $2,000,000 asset-based revolving credit facility which incorporates tiered pricing to match and refinance an SBA loan and allows for additional growth under the revolving line of credit.

Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, today announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments facilitated approximately $9 billion of commercial and consumer loans in North America and Europe.

Fora Financial, a leading provider of short-term financing to the SMB community, announces that it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible financing.

Sientra, Inc. (NASDAQ: SIEN) (“Sientra” or the “Company”), a surgical aesthetics company developing and commercializing safe and innovative solutions for the best aesthetic outcomes, announced that it filed for Chapter 11 protection in the United States Bankruptcy Court for the District of Delaware on February 12, 2024.

Dechert LLP announced today the addition of Eliot L. Relles as a partner in its corporate and securities practice group, further enhancing the firm’s capabilities in leveraged finance and private credit. Mr. Relles will be based in the firm’s New York office.

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 that Robert Kaplan has joined as Senior Advisor.

Frost Brown Todd (FBT) broadened and deepened its leading national finance capabilities by adding Jamie Brodsky, Alexander G. Staffieri, and Kaitlyn J. George as partners in the firm’s Commercial Finance Practice Group in its Louisville office.

CVC Credit, the $43 billion dedicated credit strategy of CVC, is pleased to announce that it has successfully priced Apidos XLVII (47), a $507 million (c.€471 million) Collateralized Loan Obligation ("CLO"). BNP Paribas acted as the lead arranger.

Citizens announced today that it led a $377.5 million senior credit facility for Arlington Capital Partners to support the acquisition of Merrill Technologies Group and the formation of Keel Holdings, LLC. Citizens served as Lead Left Arranger, Left Lead Bookrunner and Administrative Agent.

GreenPower Motor Company Inc. ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, has entered into a revolving loan agreement with Export Development Canada ("EDC") for up to $5 million (the "Facility") to fund all-electric vehicle production pursuant to customer orders.

Potbelly Corporation (NASDAQ: PBPB) today announced that the Company has closed a new $30 million revolving credit facility (the “Facility”) that matures on February 7, 2027 led by Wintrust Bank.

EBSC Lending, a private lender focused on real estate financing, has announced that it will be providing a senior credit facility to Metro Capital worth $25 million.

Float, one of Canada's fastest growing fintechs, has kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank.

MidCap Financial, a leading commercial finance company focused on middle-market transactions, today announced it has provided a $35mm senior revolving credit facility to Arc International North American Holdings, Inc. (“Arc” or “Company”).

Evolve Bank & Trust (“Evolve”), a global leader in the payments and Banking-as-a-Service (“BaaS”) industry, announced today it has appointed Peter Moenickheim as Chief Risk Officer. Peter brings with him more than 20 years of experience assessing and managing risk for the banking, consumer finance, and payments industry.

Cliffwater Enhanced Lending Fund ("CELFX" or "the Fund"), an interval fund providing access to alternative private debt strategies, announced Nicholas Lenicheck has joined its investment team as a Managing Director and will be based in New York.

Wingspire Capital has agented a senior secured credit facility to a specialty finance company that offers senior secured loans to high growth consumer products companies. Wingspire Capital agented the facility and brought in Encina Lender Finance as a partner.