TSL Express Daily Articles & News

American Physician Partners, a medical staffing company based in Brentwood, Tenn., has filed for Chapter 11 bankruptcy protection as it winds down its business.

Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ: KITT), a developer of ocean robots and artificial intelligence for autonomous services to the offshore industries, today announced it has entered into a senior secured term loan agreement (the "Term Loan Agreement") with existing stakeholders, Transocean (NYSE: RIG), ATW Partners, Material Impact, and RCB Equities (collectively, the "Lenders").

PlainsCapital Bank recently announced that Kaley Lilley has joined its Westlake lending group as senior vice president, commercial loan officer with the Bank’s Westlake commercial banking team at 2705 Bee Caves Road.

North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, announced the closing of its seventh asset-backed securitization (ABS), NMEF Funding 2023-A (“NMEF 2023-A”).

Kyriba’s solution will be used by the bank to expand on its ability to provide its Canadian commercial clients with integrated and enhanced working capital solutions

Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5 billion AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that Michael Goldstein, former executive at Blackstone and KKR, joins as a Director focused on portfolio management.

The Brattle Group has welcomed David W. Prager as a Principal and Co-Leader of its Bankruptcy & Restructuring practice. Based in Brattle's New York office, Mr. Prager brings over two decades of experience as a financial advisor, restructuring consultant, and expert witness in complex commercial litigations.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Michael Harlow has been named Leader of CohnReznick’s Cannabis Industry practice, effective today. This expands Harlow’s leadership role within the firm as he continues to serve as Co-Practice Director – DC-Metro Tax.

nFusion Capital (the “Company”), a leading commercial finance company to entrepreneurs, recently announced they have sold their transportation factoring portfolio to a leading provider of factoring services for motor carriers and owner-operators. This strategic decision will enable the Company to focus on growing their core portfolios of General Factoring and Asset Based Lending. ​

Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the findings of its annual Business Barometer ― an in-depth study of the mood, mindset, and strategic priorities of small and middle market businesses across the U.S. While concerns about the direction of the economy persist, business optimism is rising, and expectations for revenue and profitability are increasing.

Brightwood Capital Advisors, LLC, a private credit firm, announced it has priced Brightwood Capital MM CLO 2023-1 Ltd., a $319 million collateralized loan obligation. This CLO represents the fifth CLO issued by the firm since 2019.

Today, Percent, the innovative private credit platform that has created the modern credit marketplace, announced a new partnership with a multibillion dollar, US based, alternative credit investment manager focused on uncorrelated income-generating assets in niche markets.

King Trade Capital is pleased to provide a seasonal increase to an existing clients PO finance facility in support of their seasonal sales growth into big box retail.

Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that its joint venture with GIC, Singapore's sovereign wealth fund, has successfully completed the refinancing of its $200 million senior credit facility (the "Credit Facility"), which is comprised of a $125 million revolving credit facility (the "$125 Million Revolver") and a $75 million term loan (the "$75 Million Term Loan").

Eco Oro Minerals Corp. (CSE:EOM) (the “Company” or “Eco Oro”) is pleased to announce that it has entered into a credit agreement dated September 19, 2023 (the “Credit Agreement”) with Graywolfe Capital SEZC (the “Lender”) pursuant to which the Company may borrow up to US$6 million from the Lender (the “Facility”).

Standard Chartered Americas (the “Bank”) today announced that it has entered a trade finance partnership with Truist Bank (NYSE: TFC) that will enhance Truist clients’ ability to conduct global business.

Golub Capital acted as Administrative Agent, Left Lead Arranger and Joint Bookrunner on a $3.4 billion unitranche facility for Hyland Software ("Hyland"). The proceeds will be used to refinance Hyland's existing broadly syndicated debt which is made up of a first lien loan, second lien loan and revolving credit facility.

Women’s apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy and announced plans to close all 44 of its stores. The company’s remaining assets have been acquired by Coldwater Creek under the ownership of Newtimes Group, which plans to continue to sell Soft Surroundings' apparel and accessories online and via catalogs. Soft Surroundings has secured $18 million in debtor-in-possession financing from liquidation consultancy Gordon Brothers to enable business continuity.

UpHealth, Inc. (“UpHealth,” the “Company”) (NYSE: UPH), a global digital health company delivering technology platforms, infrastructure, and services to modernize care delivery and health management, today announced that its subsidiary, UpHealth Holdings, has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware

Termgrid, the software platform for private capital markets today announced that Anthony Sage has joined as Global Head of Private Credit and Bank Coverage.