TSL Express Daily Articles & News

Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of secured credit facility having a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management (“Goldman Sachs”) and CPPIB Credit Investments III Inc., a subsidiary of Canada Pension Plan Investment Board (“CPP Investments”).

Lands' End, Inc. (NASDAQ: LE) today announced that it has entered into a new term loan of $260 million. The loan proceeds were used to refinance the Company’s existing term loan well ahead of its maturity in September 2025. The loan is secured by a first lien on all non-ABL assets and a second lien on all ABL assets.

Calliditas Therapeutics AB (Nasdaq: CALT) and (Nasdaq Stockholm: CALTX) ("Calliditas") today announced that the company has signed and fully drawn a term loan of 92 million Euros with funds managed by Athyrium Capital Management, LP ("Athyrium"). Proceeds from the loan will primarily be utilized for full repayment of the company's existing 68 million Euro loan with Kreos Capital.

Wolters Kluwer, a global leader in professional information, software solutions, and services, today announced the launch of an expert solution aimed at helping the nearly 33 million U.S. businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act (CTA). This Wolters Kluwer solution spans its Financial & Corporate Compliance (FCC) and Tax & Accounting (TAA) divisions to serve the reporting and filing needs of small businesses, corporate, financial, legal, tax and accounting professionals across the U.S.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of an additional $1 billion, for the Accounts Receivable Securitization Program (“Program”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company.

Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, today announced the closing of a new 3-year $120 million senior secured asset based credit facility with White Oak Commercial Finance, LLC.

First Citizens Bank today announced that its Middle Market Banking business provided $16 million in financing to Raymour & Flanigan for the purchase of an existing furniture showroom in White Plains, New York.

Laurence Sax has joined Getzler Henrich & Associates LLC, (getzlerhenrich.com), one of the nation’s oldest and most respected middle-market corporate restructuring and operations improvement firms, as a Managing Director in the firm’s Boston office.

Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from May 20, 2025 to December 29, 2026. There were no other material changes to the terms of the facility.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the upsize of its leverage facility with KeyBank National Association, one of the nation's largest bank-based financial services companies.

J D Factors provided $9,285,000 in new factoring facilities to 31 new clients in the US and Canada during the month of December. Some of these facilities include: A $500,000 factoring facility for an auto body repair company in California. A $100,000 factoring facility for a food distribution company in Ontario.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Charles (Chuck) Kavanagh, CPA has joined the firm as an assurance partner. Based in the Northeast, Kavanagh has more than two decades of experience providing attestation services, primarily across the consumer and industrial manufacturing industries including aerospace and defense, power production, life sciences, and plastics.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the closing of a commercial loan secured by a cultivation site in Florida for aggregate gross proceeds of $25 million. Trulieve will pay interest at a fixed rate of 8.31% for the duration of the five-year loan

Star Mountain Capital, LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce it has officially opened its Tampa office.

Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or "the Company") announced today that the Company has recently completed two financing transactions, which refinanced all of its remaining 2024 debt maturities. After giving effect to these transactions, the Company's next debt maturity without extension options is September 2025.

On.Energy, a proven end-to-end integrator of battery energy storage and Independent Power Producer (IPP), today announced it has closed both construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank.

Chicago Atlantic announced today the funding of a $16 million senior secured term loan to Margo, a cryptocurrency ATM operator that provides a secure and convenient way to instantly turn cash into digital currency.

nGene Holdings Inc. ("enGene,"Nasdaq: ENGN), a clinical-stage genetic medicines company whose lead EG-70 program is in a pivotal study for BCG-unresponsive non-muscle invasive bladder cancer (NMIBC), announced today that it has entered into an amended USD $50 million loan agreement (the "Loan Agreement") with Hercules Capital, Inc. (NYSE: HTGC) ("Hercules").

Provident Financial Services, Inc. (NYSE:PFS) (“Provident”), the parent company of Provident Bank, and Lakeland Bancorp, Inc. (Nasdaq: LBAI) (“Lakeland”), the parent company of Lakeland Bank, today announced that the two companies have agreed to extend their merger agreement to March 31, 2024, to provide additional time to obtain the required regulatory approvals.

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.