TSL Express Daily Articles & News

Over the course of its 123-year history, Armstrong Teasdale has enjoyed a proud tradition of strong and visionary leadership. In keeping with that tradition, Armstrong Teasdale is proud to announce that effective Jan. 1, 2024, Richard (Rick) W. Engel, Jr. has been elected managing partner.

Verona Pharma plc (VRNA) on Tuesday announced that its unit Verona Pharma, Inc. has entered into a debt financing with Oxford Finance LLC and Hercules Capital, Inc. (HTGC) to the tune of up to $400 million.

Fourshore Partners (Fourshore) announced today its acquisition of Power Funding (“Power”; “Company”), a premier factoring company focused on the oil & gas and transportation industries.

More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital. The latest is a Georgia based School Supplies company that services various schools throughout the United States, which just received a $250M accounts receivable factoring facility through Culain Capital.

Harmonic Inc. (NASDAQ: HLIT) today announced that it has entered into a new five-year, $160 million committed credit agreement (the "Credit Facility") with a lending syndicate led and arranged by Citibank, N.A., co-led by JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, and includes HSBC and MUFG as additional lenders. The Credit Facility replaces the Company's existing $25 million line of credit with JPMorgan Chase Bank, N.A.

KonaTel, Inc. (OTCQB:KTEL) (www.konatel.com), a voice/data communications holding company, announced that to support the expansion of its wholly owned subsidiary, IM Telecom LLC /d/b/a Infiniti Mobile a national Lifeline and ACP provider, it has closed a secured credit facility with ACP Financing VII LLC ("ACP Finance").

Travel + Leisure Co. (NYSE:TNL) announced today the closing of the Fifth Amendment to its Credit Agreement, which established $598 million of incremental term loans (the “2023 Term Loan B Facility”).

North Avenue Capital (NAC), a leading provider of USDA Rural Development Program financing across America, is pleased to announce the successful closing of a $1.8 million USDA Rural Energy for America Program (REAP) Loan for SEPV Cuyama, LLC (SEPV). As an industry leader, NAC's alignment with the renewable energy sector demonstrates its commitment to bolstering innovation and sustainability across rural America. ​

Blank Rome LLP is pleased to announce that A. Kelly Williams has joined the firm’s Houston office as senior counsel in the Corporate, M&A, and Securities group. Kelly will focus his practice on advising clients, including private equity funds, portfolio companies, financial institutions, and privately held businesses, on structuring and implementing acquisitions, divestitures, and financing transactions, as well as providing strategic business counsel to support future growth.

Post-pandemic shifts necessitate more efficient operations and portfolios, advises Joe McKeska of A&G, along with fellow panelists at major restaurant industry conference

Hilco donates over 8,000 new winter coats to those in need and living in shelters in Chicago, IL, Boston, MA, Philadelphia, PA, and Alexandria, VA.

Vensure Employer Solutions, a leading provider of HR/HCM technology, managed services, and global business process outsourcing, today announced that Stone Point Capital Markets, a division of Stone Point Capital LLC, a private equity firm based in Greenwich, Connecticut, led a senior secured financing of $500 million to support Vensure Employer Solutions.

Amerisource Business Capital announced the closing and funding of a $5,000,000 working capital facility for a Texas-based manufacturer of outdoor recreational products. The proceeds were used to refinance the company's existing bank line and support its ongoing working capital needs.

Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, today announced the close of a $344 million construction financing facility and conversion to term loan with MUFG, a leading global financial group, for its Golden Triangle I solar plus battery energy storage project in Lowndes County, Mississippi.

Pathlight Capital LP ("Pathlight") announced today the final closing of its third fund, Pathlight Capital Fund III LP ("Fund III") as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP (the "Evergreen Fund" and together with Fund III, the "Fund").

Catalent, Inc. announced today that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., as borrower, and certain other wholly owned subsidiaries of Catalent, entered into an amendment, dated as of December 19, 2023, to its existing credit agreement for the issuance of new incremental term loans in an aggregate amount of $600 million, which was upsized due to very strong lender demand.

Leading banking, finance, and restructuring lawyer Kalyan “Kal” Das joined Greenberg Traurig, LLP along with Sharan Calay and Andrew Silverstein. They join from Seward & Kissel, where Das has spent over three decades and was head of its Global Bank and Institutional Finance & Restructuring Practice.

Ranked by Chambers as one of the leading lawyers in banking and finance, Katie focuses on fund finance matters, advising borrowers across numerous fund strategies, as well as private credit lenders, on the full spectrum of products available in the market. Her work includes advising on subscription financings, NAV and hybrid financings, secondaries, GP-support debt facilities and equity products.

Deerpath Capital Management, LP announced the closing of Deerpath CLO 2023-2, a $353.65 million collateralized loan obligation (CLO). This marks Deerpath's second new issuance CLO in 2023.

Ampla, a leading provider of innovative financial solutions for consumer brands, announced today the successful closure of a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.