TSL Express Daily Articles & News

Alternative Fund Advisors (AFA) offers institutional quality private investment strategies in a convenient registered fund format for fiduciary advisors seeking to enhance clients' portfolio exposures. AFA manages the AFA Multi-Manager Credit Fund, a closed-end fund that seeks to provide high levels of income by investing in private credit strategies.

Harmony Biosciences Holdings, Inc. ("Harmony") (Nasdaq: HRMY), a pharmaceutical company dedicated to developing and commercializing innovative therapies for patients with rare neurological diseases, today announced it has entered into a new $185 million senior secured term loan facility with a bank syndicate.

Versant Funding LLC is pleased to announce it has funded a $4.8 million non-recourse factoring transaction to a commercial bakery which serves major grocery chains.

First Citizens Bank today announced that its Healthcare Finance business, part of the CIT division, provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on campus medical office building located adjacent to the Adventist White Oak Medical Center in Silver Spring, Maryland.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based tank truck hauler of gasoline, diesel, oil and other related products.

Alvarez & Marsal Tax (A&M Tax), an independent tax group made up of experienced tax professionals and part of Alvarez & Marsal, LLP (A&M) announced the appointment of Ms. Amanda Bowker (US), Mr. Chad Woodfork (US), and Mr. Rhys Owen (UK) as Managing Directors.

FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that it has entered into a membership interest purchase agreement with Business Funding Group, LLC (“BFG”) and four members of BFG (“Sellers”), in which FinWise will acquire an additional 10% ownership and voting interest in BFG, bringing the total ownership to 20% upon closing.

ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced a new credit agreement which provides for a $150 million revolving credit facility led by J.P. Morgan Chase Bank as Administrative Agent and Joint Lead Arranger, HSBC Innovation Banking as Joint Lead Arranger, and both Citi and Goldman Sachs as Documentation Agents.

MidFirst Business Credit (MFBC) announced it has recently provided a $9.5 million working capital and term facility to Chase Products Co (Chase). Headquartered in Broadview, IL, Chase is a manufacturer and leader of aerosol solutions serving diverse end markets, including household products, coatings and paints, automotive, personal care, janitorial, industrial and institutional and arts and crafts.

Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today announced that it has entered into an agreement with its financial stakeholders and strategic partners on the terms of a refinancing that would immediately strengthen the Company’s liquidity and overall financial positions by extending the maturity of its debt facilities, amending certain credit facility covenants and modifying certain other agreements.

The multinational Cineworld cinema chain has secured a new revolving credit facility of $250 million as part of its restructuring process. Cineworld recently revealed details of a planned restructuring that will allow it to exit U.S. Chapter 11 bankruptcy strictures. The U.K.-listed company owns or operates cinemas in the U.K., continental Europe and the U.S.’s Regal chain.

Pacific Valley Bank is proud to welcome Steve Leen as its new Chief Financial Officer (CFO), effective August 1, 2023. Steve brings an unmatched level of experience and knowledge to the team, with over thirty years in the financial industry. As CFO for two larger Bay Area institutions, Mr. Leen has overseen IT, Compliance and Operations, and most recently concluded an Interim CFO term for United Security Bank in Fresno in the fourth quarter of 2022. Steve is an ideal fit for the role of CFO at Pacific Valley Bank.

SouthState Bank recently launched a comprehensive small business banking team to meet the growing demand in its Southeastern footprint.

Goldman Sachs (GS.N) executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his incoming firm said, marking yet another high-profile exit from Goldman.

Theratechnologies Inc. (“Theratechnologies”, the “Company”, or “we”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it entered into an agreement with certain funds and accounts for which Marathon Asset Management, L.P. acts as investment manager.

MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Alcrete Industries, LLC (Alcrete). Headquartered in Pell City, AL, Alcrete is a manufacturer of precast concrete products used in new construction projects. The funds were used for an add-on acquisition, to refinance existing loans and provide additional working capital to help facilitate further business expansion.

Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Revolver Agent and Term Loan lender for a senior secured credit facility to support Visual Edge IT™ (VEIT) long term growth. Visual Edge IT, which specializes in managed IT services and security, cloud computing, and print/copy solutions for businesses across the U.S., has received new capital commitments from Encina Private Credit and funds managed by Ares Management totaling $40 million which the Company intends to use to support its long-term growth objectives.

Parker, Hudson, Rainer & Dobbs LLP strengthened its Litigation team recently with the addition of two seasoned Of Counsel, R. David Gallo and Drew Stevens, and Associate E. Wylly Killorin III. The new hires complement the firm’s nationally recognized capabilities serving our clients in complex commercial litigation across industries, including healthcare, franchise, insurance coverage, and real estate.

Progressive Capital Equipment Finance Inc. (Progressive Capital) announced today that its wholly owned subsidiary, Dynamic Capital Equipment Finance (Dynamic Capital), has secured a $55 million funding facility with Mitsubishi HC Capital Canada.

Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Jason Heilig to the position of chief technology officer of its factoring division. He will continue to report to Tim Valdez, president of Triumph’s factoring division.