TSL Express Daily Articles & News

By order of U.S. Bankruptcy Court, Tiger Group offers assets from Lemnature AquaFarmsproduction and R&D plants in Florida; bidding opens Dec. 5.

Sumitomo Mitsui Banking Corporation (SMBC), a member of SMBC Group, today announced that Paul Burke has joined the firm to lead a newly created Capital Solutions Group.

Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”). ING Capital LLC, Wells Fargo Bank, N.A., MUFG Bank, Ltd., and Societe Generale are Joint Lead Arrangers for the Facility. Other lenders participating in the facility are HSBC Bank USA NA, Coöperative Rabobank U.A, Natixis, New York Branch, Credit Agricole Corporate and Investment Bank, GarantiBank International N.V., and Valley National Bank.

Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

Siena Lending Group LLC ("Siena") is pleased to announce the closing of credit facilities totaling $45.6 million for a California-based manufacturer of healthier snacks and related food products (the “Company”).

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment, and fund the recapitalization of Parsec Automation, a leading Manufacturing Operations Management (MoM) software platform.

A vitamin supplement company secured a promising contract with payment terms beyond their current cash flow capabilities. Keen to take advantage of this significant opportunity, a broker referred them to Gateway Trade Funding.

Yieldstreet, a leading private markets investing platform, and Garrington Capital US Corp. (“Garrington”), a leading provider of capital solutions to small- and mid-sized enterprises in the United States and Canada, today announce a new joint venture focused on opportunities in the equipment finance sector.

Wells Fargo today announced its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction represents a significant investment in the New York City (NYC) market and an opportunity to bring most NYC-based Wells Fargo employees together in one location for improved collaboration and access to new, more modern workspaces, technology, and amenities.

Conducted and analyzed by Next Street, the research reveals that while midsize businesses generate significant revenue nationally and locally, there is an opportunity to better support them as they face headwinds such as increasing competition, slowing revenue growth and an uncertain economic outlook.

Star Mountain Capital, LLC ("Star Mountain"), a private credit and secondaries specialist investment firm with approximately $3.75 billion in assets under management (committed capital including debt facilities as of 10/31/2023) focused on generating premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that it has closed its Value-Added Direct Lending Fund IV above its $750 million LP capital target at approximately $1.2 billion (committed capital including debt facilities).

DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge"), today announced the close of its digital infrastructure credit fund, DigitalBridge Credit (Onshore), LP, together with its parallel vehicles, (collectively “DBC” or the “Fund”), which raised aggregate commitments of $1.1 billion inclusive of related co-investment commitments alongside the Fund.

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Brandon Rice as a managing director within the healthcare investment banking group. Rice joins Piper Sandler with 17 years of healthcare investment banking experience in strategic and capital markets transactions across the med-tech sector.

Churchill Asset Management and Arcmont Asset Management, the U.S. and European operating companies of Nuveen Private Capital, today announced the appointment of Jamal Hammoud as Managing Director and Senior Investment Strategist. Mr. Hammoud will be responsible for supporting and amplifying Churchill’s and Arcmont’s (collectively, Nuveen Private Capital’s) presence and fundraising efforts in the Middle East.

Banco Latinoamericano de Comercio Exterior - Bladex (NYSE:BLX), announced today the successful closing of a US$368 million A/B Loan Facility, under IDB Invest´s A/B Loan Structure, and US$27 million associated Debt Service Reserve Letter of Credit Facility.

Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest.

Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it has amended its existing $25 million revolving line of credit (the “Revolver”).

Longroad Energy Holdings, LLC ("Longroad"), a U.S.-based renewable energy developer, owner and operator, announced today that it has closed $600 million in debt financing to further accelerate the growth of its wind, solar, and battery portfolio. The credit facility is composed of a $275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.

Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global provider of energy storage products and services and optimization software for renewables and storage, today announced that it has entered into a new four-year $400 million Asset Backed Lending (“ABL”) credit facility maturing in November 2027.

RVL Pharmaceuticals, Inc. (“RVL” or the “Company”), a specialty pharmaceutical company focused on the commercialization of UPNEEQ® (oxymetazoline hydrochloride ophthalmic solution), 0.1%, for the treatment of acquired blepharoptosis, or droopy eyelids, in adults, today announced that it and its wholly-owned U.S. operating subsidiary RVL Pharmacy, LLC (collectively, the “RVL Subsidiaries”), successfully emerged from their Chapter 11 cases on November 22, 2023