TSL Express Daily Articles & News

J D Factors provided $7,555,000 in new factoring facilities to 26 new clients in the US and Canada during the month of January. Some of these facilities include: a $500,000 factoring facility for a transportation company in South Carolina; $1,500,000 factoring facility for a gas detection sensor manufacturing company in Nevada.

Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $8,000,000 revolving line of credit, equipment term loan, and a capital expenditure equipment loan to a healthy snack food manufacturer in Wisconsin for restructuring.

Aequum Capital is pleased to announce it recently closed $21,600,000 in credit facilities to a leading logistics and transportation organization providing hauling services to the New Mexico and Rocky Mountain Region. The credit facilities support ongoing working capital needs in the form of a working capital revolver, term loan, and a delayed draw term loan.

PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company") today announced it has successfully completed a repricing of its term loan credit facility. Among other things, the repricing removes the credit spread adjustment with respect to term loan borrowings and reduces the interest rate applied to such borrowings to the Secured Overnight Financing Rate (“SOFR”) plus 3.75%.

Otterbourg P.C. is pleased to announce that Sunni P. Beville has joined the firm as a partner in its Restructuring and Bankruptcy Department and as a Co-Leader of its Mass Torts Bankruptcy Practice Group. Ms. Beville comes to Otterbourg from Brown Rudnick, where she was a partner in the Bankruptcy & Corporate Restructuring Practice Group.

United Capital Funding Group, LLC, a Florida-based factoring firm completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4 of 2023.

United Capital Funding Group, LLC, a Florida-based factoring firm completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4 of 2023

MA Financial Group (MAFG) is a ASX listed global alternative asset manager with US$5.8 billion in assets under management (AUM) specializing in private credit, real estate and hospitality.

Golub Capital acted as Sole Lender on a senior credit facility to support Thoma Bravo’s take private acquisition of German company EQS Group AG (“EQS”). Proceeds of the transaction will be used to fund future growth initiatives and provide capital for potential add-on acquisitions.

Commercial Financial Consulting, LLC is pleased to announce that Chrissy Crimmins has joined the firm as Managing Director.

Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announced today that it has reached an agreement under which Guardian’s wholly-owned subsidiary Guardian Capital LLC will acquire Sterling Capital Management LLC (Sterling) from Truist Financial Corporation (Truist) (NYSE: TFC).

Golub Capital acted as Joint Lead Arranger on a unitranche facility to support the organic and inorganic growth strategy of German insurance broker MRH Trowe, a portfolio company of TA Associates (“TA”) and AnaCap.

Total bankruptcy filings were 36,607 in January 2024, a 17 percent increase from the January 2023 total of 31,176, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. January marks 18 consecutive months that total, individual, and commercial bankruptcy filings have registered monthly year-over-year increases.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Tiffany Mason has joined the board of Gridiron’s portfolio company, Leaf Home™, a leading technology-enabled provider of home improvement products and services.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $6 million accounts receivable credit facility for a Pennsylvania-based IT services provider.

More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is a mechanical services company based in Houston, TX, which recently received a $3,500,000 accounts receivable factoring facility through Culain Capital.

Cano Health, Inc. (NYSE: CANO) ("Cano Health" or the "Company"), a leading value-based primary care provider and population health company, today announced that it has entered into a Restructuring Support Agreement (the "RSA") with lenders (the "Ad Hoc Lender Group") holding approximately 86% of its secured revolving and term loan debt and 92% of its senior unsecured notes.

NGL Energy Partners LP (NYSE: NGL) (“NGL”) through its wholly owned subsidiaries NGL Energy Operating LLC and NGL Energy Finance Corp., closed $2.9 billion of refinancing transactions, consisting of their previously announced $2.2 billion senior secured notes offering of $900 million in aggregate principal amount of 8.125% senior secured notes due 2029 and $1.3 billion in aggregate principal amount of 8.375% senior secured notes due 2032, and a seven-year $700.0 million senior secured term loan facility.

eCapital Corp, a leading finance provider across North America and the United Kingdom, today announced the appointment of Rob Wright as chief product officer. Wright will refine eCapital’s technology vision and product roadmap to strengthen customer experience and accelerate company growth.

White Oak Global Advisors, LLC (“WOGA”), a global alternative asset manager that provides senior bank lending products to middle market companies announced that, along with its Financing Affiliates (collectively “White Oak”), it deployed $1.1 billion in capital in 2023.