TSL Express Daily Articles & News

Sallyport Commercial Finance is delighted to announce the first funding for 2024 - $500,000 in financing for a chemicals importer experiencing a common challenge for newer businesses. With no payment terms from their suppliers and extended payment terms from their customers, the client had a bottleneck in working capital preventing them fulfilling orders.

More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital Funding. The latest is an Ohio-based food company, which recently received a $250,000 purchase order financing and accounts receivable factoring facility through Culain.

Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate sector, have closed an asset-backed revolving warehouse facility of up to $200 million from Macquarie Group (“Macquarie”).

Leading global professional services firm Alvarez & Marsal (A&M) has announced the promotion of 69 professionals, across Europe and Middle East, India, Latin America, North America, North Asia and Southeast Asia & Australia to the position of Managing Director.

Ares Management is set to close the largest ever direct lending fund, which will be valued at more than €20bn (£17.2bn). The investment firm is looking to raise at least €15bn from investors, according to sources cited by Bloomberg, with additional leverage of around €5bn.

NXT Capital announced today that it has provided a senior credit facility to support Sentinel Capital Partners’ recapitalization of Online Labels Group. NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.

BlackRock, Inc. (NYSE: BLK) and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.

CHICAGO (January 11, 2024) ––SG Credit Partners, through its Consumer Products division, is excited to partner with 4th & Heart, an emerging premium food brand. The brand is focused on disrupting the $5.6 billion butter category through its ghee products including sticks, jars and sprays. Their products can be found nationwide in major retailers like Whole Foods and Kroger as well as specialty stores like Citarella and Erewhon.

Castlelake, L.P., a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, today announced the entry into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to $180 million to Vervent and its affiliates.

DecisionRx, Inc., a value-based healthcare company reducing the cost of care by helping physicians eliminate medication failure, today announced that it has entered into a $100 million credit facility with global investment firm Carlyle.

KeyBank has named Erica Choi Senior Vice President, Commercial Team Leader for the Capital Region. Choi joined KeyBank in 2020 and most recently served as Senior Commercial Relationship Manager. She has 20 plus years of leadership, business and banking experiences across both the public and private sector.

The Kroger Co. (NYSE: KR), its consumer product investment platform PearlRock Partners (“PearlRock”), and MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced the formation of MPearlRock, a strategic collaboration to introduce emerging consumer packaged goods (“CPG”) brands to new customers.

eCapital Corp. (“eCapital” or “the Company”), a leading technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., announces the recent funding of a $16MM asset-based loan for a menswear brand apparel company.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, earned a top score of 100 (out of 100) on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI).

White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, (“White Oak”) has closed a $25 million Senior Secured Facility (“Facility”) to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and accessories.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced that it has provided a $10M senior factoring facility to a leading worker management software company. The facility will be used for working capital to help the company expand on the heels of its own successful equity raise.

SSG Capital Advisors, LLC (“SSG”) acted as investment banker to Winona Foods, Inc. (“Winona Foods” or the “Company”) in the private placement of a term loan. The term loan was placed alongside a revolving credit facility.

Citizens’ 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms also uncovered notable trends related to interest in artificial intelligence (AI) assets, international dealmaking and the upcoming U.S. election that provide support for the upbeat forecast.

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 Sole Lender for senior secured credit facilities to support the leveraged buyout of Bellwether Media by Lineage Capital.

VINCI SA announces that it has entered into an agreement with a syndicate of 23 core relationship banks, which was signed on 9 January 2024, to amend its revolving credit facility.