TSL Express Daily Articles & News

Summit Ridge Energy, the nation's largest commercial solar company, has announced a $275 million expansion of its existing partnership with MUFG, a leading global financial group. The capital will be used for both construction and term debt financing, enabling Summit Ridge Energy to further expand its operations and execute on a growing community solar pipeline in Virginia and Illinois.

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has hired Sancia Dalley as a managing director in the PGIM Office of Diversity, Equity & Inclusion (DEI). In this role, Dalley will oversee the DEI Investment Portfolio and HBCU Investment Strategy.

In celebration of the Thanksgiving season, Hilco Redevelopment Partners (HRP) has completed its annual Turkey Drive initiative which aims to spread holiday spirit and gratitude in the communities surrounding HRP redevelopment projects. HRP redevelops complex industrial properties in major U.S. cities through a holistic approach that prioritizes environmental, economic, and community sustainability.

American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”). The Company also announced it intends to borrow up to $750 million in aggregate principal amount of term loans (the “Term Loan”) under a new senior secured credit facility.

KORE Group Holdings, Inc., the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that it has completed its previously announced transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital and a $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P.

Mammoth Holdings LLC, America's premier express car wash platform, announced the refinancing of its operations through Oak Hill Advisors ("OHA") totaling more than $500 million in size. The funding will support Mammoth's long term growth strategy of acquiring existing car wash brands and opening greenfield locations.

Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today announced that Alex Howell has joined the firm as a Senior Managing Director and Head of European Alternative Credit, responsible for leading public investments, corporate capital solutions, special situations and direct lending in Europe.

Leading global professional services firm, Alvarez & Marsal (A&M), today announces a major expansion of its Debt Advisory team in the UK. The firm announces further senior hires, including Jane Hartley, Senior Director, and a Director with an asset based finance background who is set to join in early 2024.

FlexCharge is highly unique AI-powered platform that partners with merchants and payment providers to instantly review and recover failed customer transactions at no risk to the merchant and at no cost to the customer. The platform can cure 30-40% of declines driving up merchant sales by 5-15%.

Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced that on November 17, 2023 the Company completed the refinancing of its credit facilities and entered into a new five-year credit agreement with a syndicate of financial institutions as lenders, led by BMO Capital Markets with Joint Lead Arranger partners, including Bank of America.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Soft Surroundings Holdings, LLC (“Soft Surroundings” or the “Company”), in the sale of substantially all of its assets to an affiliate of Coldwater Creek and an affiliate of Gordon Brothers Group (“Gordon Brothers”).

RBC Capital Markets, LLC acted as the lead financial advisor, and Baker Botts L.L.P. acted as counsel, to Summit in connection with the Transactions.

First Citizens Bank today announced that its Asset-Based Lending business provided a credit facility to The Stepping Stones Group to accommodate the business’ seasonal working capital needs during the school year. The Stepping Stones Group, a portfolio company of Leonard Green and Partners, is a provider of therapeutic, behavioral and autism services to children with developmental delays in school, home and center-based settings.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Kim Clark Pakstys, Managing Director, CFO Advisory, has been named one of The Consulting Report’s Top 25 Private Equity Consultants and Leaders of 2023.

Global law firm Hogan Lovells welcomed 28 partners and four senior counsel from Stroock & Stroock & Lavan, who have joined the firm in New York, Washington, D.C., Miami, and Los Angeles.

First Financial Northwest, Inc. (the “Company”)(NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”) today announced that Dalen D. Harrison was promoted to Executive Vice President and Chief Banking Officer of the Bank effective November 10, 2023. The promotion is in recognition of the breadth and depth of Ms. Harrison’s role in the success of the Bank.

Simpson Thacher & Bartlett LLP announced yesterday that it has elevated the following attorneys to Partner, effective January 1, 2024.

Phoenix IB®, a part of J.S. Held, a leading middle market special situations investment bank and independent licensed broker-dealer under federal and state securities law (CRD#: 132710/SEC#: 8-66628), acted as the financial advisor and investment banker to Congoleum Acquisition, LLC (“Congoleum”) in arranging, structuring, and negotiating a $10.0 million loan package with Pathward, National Association.

First Citizens Bank announced today that its Energy Finance business acted as co-lead arranger on a $250 million financing on behalf of a portfolio of 327MW, 1hr duration battery storage projects developed in California by Middle River Power.

First Bank, the wholly owned subsidiary of First Bancorp (NASDAQ – FBNC) and the largest North Carolina headquartered community bank, is pleased to announce changes to its executive leadership structure in order to more effectively execute its strategic vision.