TSL Express Daily Articles & News

Old National Bancorp (NASDAQ: ONB) (“Old National”) and CapStar Financial Holdings, Inc. (NASDAQ: CSTR) (“CapStar”) jointly announced today that they have entered into a definitive merger agreement for Old National to acquire CapStar in an all-stock transaction.

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments.

Flatbay Capital is excited to announce the successful funding of a $2.5 million owner-occupied commercial real estate bridge loan for a family-owned fabricator and supplier of HVAC ductwork.

TerraVest Industries Inc., (TSX: TVK) ("TerraVest" or the "Company") announces today that it has entered into a new credit facility (the "Credit Facility") with a syndicate of lenders comprised of Desjardins Capital Markets acting as sole lead arranger and bookrunner, National Bank of Canada, The Bank of Nova Scotia and the Business Development Bank of Canada.

With over 16 years of banking experience, Knudson most recently served as Regional President and Head of Commercial Banking at PNC Bank in Austin. In that role, he executed the Bank’s local strategic growth initiatives after PNC’s acquisition of BBVA USA in 2021.

According to the second annual BMO Climate Institute Business Leaders Survey, the business impact of climate change is driving more business leaders to think about mitigation plans, especially in the United States. Based on a survey of 700 business leaders in the U.S. and Canada, the 2023 results reveal why companies are increasingly taking action, how they are thinking about climate risk, and the challenges and opportunities they face in their transition to net-zero.

Cahill Gordon & Reindel LLP announced today that Andrew E. Lee, Tristan E. Manley, Juliana Obregon, Javier Ortiz, Matthew E. Rosenthal, Sean R. Tierney and Miles Wiley have been elected to the partnership, effective January 1, 2024.

HealthCare Royalty (“HCRx” or the “Company”), a leading middle market royalty acquisition firm that has raised $7.6 billion in capital since inception, today announced several important firm developments:

Burnham Holdings, Inc. (OTC-Pink: BURCA), the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers and related HVAC products and accessories (including advanced control systems, furnaces, and radiators) for residential, commercial, and industrial applications, announced changes in its funding structure today, including a new revolving credit facility.

MA Financial Group, a North American integrated financial services company specializing in risk management, retail and wholesale insurance brokerage, and wealth management, has entered a strategic partnership with Chicago-based RedRidge, expanding its suite of services for clients engaging in M&A transaction support and lender diligence. The partnership was effective on October 1.

SG Credit Partners, through its SG Consumer Products Division, is thrilled to announce its partnership with the fastest growing kombucha brand in the United States, Brew Dr. Kombucha1. SG is providing debt financing to support Brew Dr.’s brand growth and bring the benefits of tasty and fizzy probiotic tea to people across the country. This announcement comes on the heels of Brew Dr.’s new packaging roll-out and flavor releases earlier this year.

As part of a companywide initiative focused on the development of our teams to support growth and a continuing dedication to the prosperity of our clients, Access Capital is pleased to announce that Natasha Vaughn has been promoted to the position of collateral analyst.

MidCap Business Credit LLC, announced today that it has completed a $11.2 million asset-based credit facility to a producer of luxury bottled and canned water products, headquartered in New York, NY.

Vision Ridge Partners (“Vision Ridge” or the “Firm”), a global sustainable real assets investor, today announced the opening of its London office to support the Firm’s global investment activity.

LongWater Opportunities, LLC (“LongWater”), a lower middle market alternative asset manager, today announced the launch of a new dedicated private credit and capital solutions strategy focused on the lower-middle market. To drive the strategy, LongWater has hired a team of eight seasoned and highly successful private investment professionals who previously led and managed the Private Debt and Equity Group of Reinsurance Group of America (RGA), a global reinsurance company.

Cadence Bank ("Cadence" or the "Company") (NYSE: CADE) today announced that it entered into a definitive agreement to sell its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. ("Gallagher") (NYSE: AJG) for $904 million in cash1.

SB360 Capital Partners, a leading asset disposition and advisory firm, has been selected as the exclusive agent for the disposition of finished goods, work-in-process inventory, and raw materials for Klaussner Furniture Industries, Inc., an Asheboro, North Carolina-based furniture manufacturer.

Eiffel Investment Group has announced a new financing of €60m to support in its growth plans Fives, an international leader in industrial engineering. This new financing is part of the "Obligations Relance" scheme initiated by France Assureurs and Caisse des Dépôts.

Store closing sales have commenced at Z Gallerie retail locations nationwide. B. Riley Retail Solutions, LLC, a subsidiary of B. Riley Financial, Inc. (“B. Riley”) (Nasdaq: RILY), is operating the sale in its capacity as retail consultant in connection with the Chapter 11 bankruptcy of DirectBuy Home Improvement, Inc. (dba Z Gallerie).

Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.