TSL Express Daily Articles & News

nFusion Capital (the “Company”), a leading commercial finance company to entrepreneurs, announced that William Brice Reid has joined their team as Senior Vice President. Brice will be responsible for receivables purchasing, asset-based lending and loan originations and developing client and referral relationships across the United States. He will be based in nFusion Capital’s Dallas office.

A&G Real Estate Partners, in its capacity as real estate advisor to Rite Aid Corporation (the “Company”), today announced plans to market for sale 78 Rite Aid and Bartell Drugs neighborhood pharmacy leases, as well as 21 fee-owned properties, pending approval by the U.S. Bankruptcy Court for the District of New Jersey.

Gridiron Capital, LLC (“Gridiron Capital” or the “firm”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the closing of Gridiron Capital Fund V and its affiliated funds (“Gridiron V”) at $2.1 billion, which exceeded its target of $1.8 billion and represents an increase in fund size of 56% over the prior fund, Gridiron IV.

Siena Lending Group LLC ("Siena") is pleased to announce the closing of a CDN$30 million credit facility to support the acquisition of Ottawa, Canada based companies Ontario Medical Supply (“OMS”) and Royal Drugs, by Capital Health Partners (“CHP”). CHP will carry on and expand OMS’ medical service offering that targets the homecare patient population.

Michael Burden and Al Williams have joined Gordon Brothers, the global asset experts, as Co-Heads of North America Real Estate Services. Burden and Williams will lead the growth and expansion of Gordon Brothers’ real estate services platform providing full life cycle portfolio optimization services to retail, office, commercial and industrial clients. They will focus on helping companies develop and implement operational efficiency plans within their real estate portfolios.

InterNex Capital provided a $1.5 million revolving line of credit to a company that specializing in selling and installing HVAC systems for residential communities. They also offer repair services. The company was referred by an existing InterNex construction services client.

Citizens today announced the appointment of Mark Valentino as Head of Business Banking and Witt Nicholson as Head of Consumer Strategy. Valentino, who will be based in Massachusetts, is rejoining Citizens from LA Downtown Medical Center, a three-campus community hospital and affiliated long-term care business, where he served as CEO and CFO. Prior to his role there he was the Head of Healthcare and Not-for-Profit Banking at Citizens and, previously, the National Sales Manager for Corporate Banking.

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company"), a vertically integrated, multi-state cannabis operator and retailer, today announced that it has entered into a $10 million senior secured credit facility agreement (the "Credit Facility") with ALT Debt II, LP (the "Lender"), an affiliate of Altmore Capital.

Crayhill Capital Management LP (Crayhill), a New York-based, minority-owned private credit manager focused on asset-based investments, announced the closing of a $50mm capital facility with E2M Ventures ("E2MV"), a real estate investment firm focused on middle market debt and equity.

Pemberton, a leading alternative credit specialist, announces a $275mm first-close of its inaugural, fully-ERISA compliant, evergreen, multi-asset solution Fund, anchored by five new Limited Partners to the firm.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a credit facility to Bigbelly Solar, LLC (Bigbelly), the global leader in waste solutions for public spaces.

CIBC Innovation Banking is pleased to announce an upsized growth capital financing for DealMaker, a leading capital-raising technology platform. This funding will further fuel the company’s accelerated expansion across North America.

Alpine Ridge Funding ("Alpine Ridge"), a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from $50,000 to $30 million.

Gibraltar Business Capital (GBC) is pleased to announce the closing of a $20MM senior secured credit facility in support of Revolution Foods. The facility will provide additional liquidity for the continued development of the company’s vision.

First Citizens Bank today announced that its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy storage capacity.

Maxim Commercial Capital (“Maxim”) announced robust demand across its diverse financing programs for the third quarter of 2023. The hard asset secured lender reported a 100% year-over-year increase in truck financings for the period. Furthermore, it experienced a surge in demand for second-lien mortgages to refinance Merchant Cash Advance (MCA) loans and to support working capital.

HyperAMS, LLC, in partnership with Jeff Martin Auctioneers, Inc., announced the court-ordered live and webcast auction of Twin Express, Inc., a Minnesota-based trucking business, on behalf of the company’s appointed receiver.

First Citizens Bank today announced that its Middle Market Banking business served as lead arranger on acquisition financing for Nashville-based Encore Luxury Coaches, a leading provider of luxury entertainment travel.

Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced the final closing of Hamilton Lane National Small Business Credit Fund, L.P. and Hamilton Lane New York SBIC Fund II, L.P. (or "the Funds"). Together, the Funds total $290 million in size,* with commitments from leading institutional investors across the United States.

Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it has finalized all documentation giving effect to the amendments to certain of the terms and conditions of its credit agreement dated July 20, 2022, as amended from time to time (the “Credit Agreement”), with certain funds and accounts for which Marathon Asset Management, L.P. acts as investment manager (collectively, “Marathon”).