TSL Express Daily Articles & News

Akebia Therapeutics®, Inc. (Nasdaq: AKBA), a biopharmaceutical company with the purpose to better the lives of people impacted by kidney disease, today announced it has closed a loan facility with funds and accounts managed by BlackRock. The loan provides Akebia with up to $55.0 million of borrowing capacity available in three tranches.

Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, today announced that its wholly-owned subsidiary, The Dun & Bradstreet Corporation, has successfully refinanced its Term Loan and Revolving Credit facilities.

The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the economy exited 2023 with momentum as signs of moderating inflation support optimism for a soft landing.

Otterbourg P.C. is pleased to announce the arrival of Ron Brody as the head of the firm’s Leveraged Finance Practice Group. Mr. Brody is a nationally recognized high-yield securities lawyer with a broad range of corporate, transactional and finance experience. His clients include leading investment banks, private equity funds and public and private companies.

Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $2,00,000 RLOC to a truck, trailer, and hitch distributor. The company came to Iron Horse looking for first-time financing when the son was looking to buy out his father for retirement and bring suppliers current after the post pandemic slowdown.

Lighthouse Financial Corp. is pleased to announce the completion of a $6,500,000 Credit Facility to an Ohio based manufacturer of precision machined components. The company's global expertise and capabilities in micro and high precision manufacturing has allowed it to uniquely serve a variety of high-technology markets including aerospace, diesel/off-road vehicles, fluid power, medical/dental devices, and more.

Gordon Brothers, the global asset experts, has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.

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.

Phoenix Merchant Partners, LP ("Phoenix" or the "Firm"), an independent investment firm focused on providing broad financing solutions to the middle-market universe of companies, today announced the closing of its first transaction, an innovative financing to Gryphon Holdings (the "Company"), a company involved in quota share non-catastrophic property and casualty reinsurance services.

Southern California Bancorp (NASDAQ: BCAL), the holding company for Bank of Southern California, N.A., and California BanCorp (NASDAQ: CALB), the holding company for California Bank of Commerce, jointly announce the execution of a definitive merger agreement, pursuant to which the companies will combine in an all-stock merger valued at approximately $233.6 million, or $26.54 per share of California BanCorp, based on the closing price of Southern California Bancorp on January 29, 2024.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to AdCellerant LLC ("AdCellerant" or the "Company") in connection with its strategic investment from Clearview Capital, L.P. ("Clearview Capital").

National Funding, one of the largest U.S. specialty financing companies serving small- and medium-sized businesses celebrates its 25th anniversary on January 27. It has provided over $4.5 billion in working capital and equipment leasing for SMBs nationwide.

Arlington Capital Partners (“Arlington”), a Washington, D.C.-area private investment firm, today announced the formation of Keel Holdings, LLC (“Keel” or the “Company”), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.

SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors access to the power to build and protect their wealth through investment opportunities traditionally reserved for the ultra wealthy.

Churchill Asset Management LLC, an investment specialist of Nuveen that provides customized financing solutions to U.S middle market-focused private equity sponsors and their portfolio companies, today announced the closing of a $400 million middle market collateralized loan obligation (“CLO”), Churchill MMSLF CLO III, on January 24, 2024.

Commercial Finance Partners announces the funding of a $500,000 accounts receivable (AR) financing facility to a new specialty staffing company. This financial support is designed to enhance the company's ability to manage and expand its operations.

Mayer Brown announced today that Janelene Chen has joined the firm's Banking & Finance practice as a partner in Singapore, where she will focus on trade and other structured finance transactions. She joins from Norton Rose Fulbright where she was a partner.

Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that portfolio company, Leaf Home™, a leading technology-enabled and direct-to-consumer provider of home improvement products and solutions, has named Scarlett O’Sullivan as the Company’s Chief Financial Officer. I

PPL Group LLC is conducting a large, 3-day auction sale of Superior Die Set Corp in Oak Creek, WI. Features late model grinding, vertical and horizontal machining, turning, fabrication, and heat treat equipment. Sale starts January 31.

Entrepreneur Growth Capital (“EGC”) is pleased to announce that Joe Triscoli has joined as Senior Vice President. Based in South Florida, Joe will be responsible for both business development and portfolio management.