TSL Express Daily Articles & News

Morgan Lewis advised Invenergy, a privately held developer, owner, and operator of sustainable energy solutions, on the closing of a $1.5 billion revolving credit facility to support Invenergy Renewables Operating I LLC and its parent company’s growing project development pipeline.

Instant Brands (the "Company"), maker of consumer favorites like Instant Pot®, Corelle®, Pyrex®, Snapware®, CorningWare®, Visions® and Chicago Cutlery®, today announced that it has received a commitment for an additional $30 million in new term loan financing from its existing lenders, increasing the amount of the term loan credit facility received by the Company to $162.5 million.

Proterra Inc (Nasdaq: PTRA) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale.

Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Michigan.

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $250,000 factoring facility for a transportation company in British Columbia.

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $200,000 factoring facility for a staffing company in Quebec.

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $2,000,000 factoring facility for a semiconductor sales company in California.

J D Factors provided $8,725,000 in new factoring facilities to 35 new clients in the US and Canada during the month of July. Some of these facilities include: a $400,000 factoring facility for a transportation company in Maryland.

First Horizon Corp. (NYSE: FHN or "First Horizon") has been recognized by Forbes Magazine as one of America's Best Large Employers. Forbes partnered with the market research firm Statista to compile a list of America's Best Large Employers.

Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European markets in the near future.

BHI, a full-service commercial bank, announced that it has closed a $10 million revolving line of credit for AM West, a Medipower (TASE:MDPR) Group company. The line of credit, based on this real estate holding company’s net asset value in its 17 properties, will provide the company with flexibility to pursue new asset acquisition opportunities as well as manage its day-to-day cash flow.

Another tranche of molded-pulp packaging equipment from manufacturer Zume—known for creating anti-leak and compostable products for the global foodservice industry—goes to auction August 17 in a sale byTiger Group and Liquidity Services.

Amerisource Business Capital announced the closing and funding of a $10,000,000 senior revolving credit facility and real estate term loan for a Florida-based green waste disposal company. The proceeds were used to refinance existing bank debt and to provide ongoing working capital.

Haversine Funding II LLC, one of the lender finance portfolios held by Haversine Management LLC, announced the closing of a $45,000,000 line of credit with First Horizon Bank on July 19, 2023. The new credit facility marks a new chapter in Haversine’s history as it moves forward with plans for continued growth, layering a bank line on top of an expanded investor base of foundational families including the continued, dedicated support of Halstatt, a family office headquartered in Naples, Florida with a 100+ year history.

The Equipment Leasing and Financing Association sent a letter to the CFPB requesting that the recent injunction granted to the Texas Bankers Association and the American Bankers Association apply to all covered finance institutions.

Kort Industries is a Texas-based steel fabricator and industrial fabrication specialist providing steel structures to environmental and oil & gas companies in the state. They offer Fabrication Maintenance Services, Pressure Vessels, High Pressure Piping, Tank Repair and Industrial Coating; and turnkey fabrication solutions to help increase productivity and operating efficiency while reducing downtime and cost.

BNP Paribas Securities Corp., a unit of Europe’s leading bank BNP Paribas, today announced the appointment of Matt O’Connor as Head of its new Miami office as well as Annabella Espina the Chief Operating Officer (COO).

Gordon Brothers, the global advisory and investment firm, has been engaged on an exclusive basis to offer for sale by private treaty Tek-Ocean Spirit on behalf of Barry Wight and Daniel Juratowitch of Cor Cordis, the Administrators of Tek-Ocean Group Ltd.

Winston & Strawn is representing Nxu Inc., (NASDAQ: NXU), a vertically integrated technology company creating energy storage and charging solutions for the infrastructure we need to power our electrified future, in its announced pricing of a public offering of 16,666,667 units at a public offering price of $0.30 per unit.