TSL Express Daily Articles & News

Poor communication and mistakes with due diligence are the biggest issues for alternative investment fund managers switching administrators, Ocorian, the specialist provider of alternative fund services and global leader in entity administration, fiduciary and compliance solutions warns.

Altriarch Specialty Finance Fund, LP (“Altriarch”), a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in the form of senior, mezzanine and participation capital, with a maximum of $50 million per borrower.

Chicago Atlantic announced it closed a secured term loan with Halo Collar™, the AI-driven dog collar that utilizes proprietary technology to offer highly accurate GPS dog fencing solutions.

Global energy infrastructure company New Fortress Energy Inc. announced the closing of its $856 million aggregate principal amount of a senior secured term loan credit facility due in 2028, according to an Oct. 30 release.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (“Rite Aid” or the “Company”), today announced plans to market for sale a second tranche of neighborhood pharmacy leases, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.

Sallyport Commercial Finance is delighted to announce a $1,000,000 accounts receivable finance for an ambitious Canadian entrepreneur in the food manufacturing industry. The business was referred to Sallyport through a US competitor who wasn’t able to finance a Canadian organization.

Moritt Hock & Hamroff announced today that the Firm has been recognized in the 2024 edition of Best Law Firms®, ranked by Best Lawyers®, nationally in one practice area and regionally in four practice areas:

J D Factors provided $10,2100,000 in new factoring facilities to 28 new clients in the US and Canada during the month of September.

A company selling outdoor and lifestyle products was expanding its business by doing its own inventory. With this business expansion, they needed cash flow assistance. A current Gateway client suggested they reach out to Gateway Trade Funding.

IronNet, Inc. ("IronNet" or "the Company") stabilizes operations and continues plan of reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court" and such cases, the "Chapter 11 Cases" or "Restructuring").

SG Credit Partners has provided a commitment for up to $10 million in debtor-in-possession (“DIP”) financing to Water Gremlin, the world’s technological and market leader in battery terminals, to support ongoing manufacturing and distribution as it continues to offer customers consistent quality solutions during its Chapter 11 proceedings. The DIP financing has received interim court approval.

Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics™ as prescription medical treatments, today announced that it has closed on a $20 million term loan from HSBC Innovation Banking, a division of HSBC Bank USA, N.A.

Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.

Jones Lang LaSalle Incorporated (NYSE: JLL) amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. The borrowing capacity will be $3.3 billion and the new five-year term extends the maturity from April 2026 to November 2028.

Guidehouse, (“Guidehouse”, or the “Company”), a leading global provider of consulting services to the public sector and commercial markets, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Bain Capital Private Equity (“Bain Capital”) for $5.3 billion. Guidehouse will continue to operate under its current management team, led by Chief Executive Officer Scott McIntyre.

KKR, a leading global investment firm, today announced the final closing of KKR Global Impact Fund II (“GIF II” or the “Fund”), a $2.8 billion fund dedicated to investing in companies whose products and services contribute measurable progress toward the United Nations Sustainable Development Goals (“SDGs”). The Fund is the successor fund to the first KKR Global Impact Fund.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth recapitalization of Rokolabs by WestView Capital Partners.

Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans.

Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans. By extracting working capital from their existing M&E, these three businesses will continue to operate without missing a beat.

Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans.