TSL Express Daily Articles & News

Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that pursuant to its News Release dated June 19, 2023, it has closed the US$14 million subordinated convertible credit facility (the “Nebari Convertible Facility”) with Nebari Gold Fund 1, LP (“Nebari”).

Pathlight Capital LP ("Pathlight" or "Pathlight Capital") announced it is serving as the Administrative Agent on a $135,000,000 senior secured term facility for Designer Brands Inc., ("Designer Brands", "DBI" or the "Company"), one of the world's largest designers, producers, and retailers of footwear and accessories in North America.

-Peer Street, Inc. and its affiliated companies (“PeerStreet”) announced that on Monday, June 26, 2023, they filed for protection under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Founded in 2013, PeerStreet was a platform for online investing in real-estate debt that enabled accredited investors, funds, and institutions

The movie theater advertising giant will strike a $55 million exit financing deal and the existing leadership will remain in place as part of a debt-for-equity deal agreed with lenders. Movie theater advertising giant National CineMedia has been cleared by a Texas court to emerge from Chapter 11 bankruptcy protection as part of a debt restructuring deal earlier agreed with key lenders.

Blue Bridge Financial, Inc. (“Blue Bridge” or the “Company”), a leading independent commercial equipment finance company, announced the successful upsizing and extension of its corporate notes to $20.0 million. These notes refinanced the Company’s $15.0 million corporate notes financing from January 2021.

Moritt Hock & Hamroff announced today that Leslie Berkoff and Theresa Driscoll, partners of the firm, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2023. The annual Lawdragon 500 Leading Lawyers in America is the most elite distinction in the profession, covering the best of the best in all practice areas.

BHI, a full-service commercial bank, announced that it has closed a $90 million capital call line of credit facility for Yellowstone Real Estate Investments. The financing provides a one-year line of credit that the company will employ for ongoing property acquisitions.

Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group. This new financing will further augment Aequum's significant equity base led by Castlelake, LP.

The Huntington National Bank ("Huntington") has welcomed Vijay Konduru as executive vice president, chief marketing officer (CMO). In this role, Konduru will lead Huntington's marketing organization, overseeing the bank's marketing strategy and long-term vision.

CIBC Innovation Banking announced today that it has provided growth financing to KeyOps, a Toronto-based insights and engagement platform that connects physicians to life science companies. KeyOps will use the funds to invest in product development and expansion into the US market.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, has announced the launch of Texas Capital Initio™, an internally developed, proprietary digital onboarding solution designed to revolutionize the commercial banking experience by simplifying and accelerating the process of opening an account.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Danielle D’Aloia has joined the firm as a partner in its Financial Services practice. She brings more than 27 years of combined experience providing tax planning, compliance services, audit, and fund administration to investment management organizations and the alternative investments industry.

Blank Rome and Keller Benvenutti Kim provided legal counsel to Trident. SSG Capital Advisors served as financial advisor to CAC and Rabinowitz, Lubetkin & Tully and Cole Schotz provided legal counsel to CAC.

Intersect Power, LLC, ("Intersect Power" or "Intersect"), announced the closing of an up to $800 million new revolving corporate credit facility to support its continued organizational growth and expansion of its clean energy platform. Partnering with Coordinating Lead Arrangers and Joint Bookrunners, Deutsche Bank AG, Nomura Securities International, and Santander Corporate & Investment Banking ("CIB"), Intersect closed on this revolving loan and letter of credit facility that will be used to further support Intersect's development pipeline and growing operational fleet.

Eclipse Business Capital LLC (“EBC”) announced it has provided financing to certain members of Shoppers World in conjunction with their acquisition of Forman Mills. Shoppers World is a discount retailer with 40 locations owned by the Dushey family. With the acquisition, Shoppers World continues their growth initiative, by doubling its store count and saving jobs across the Greater Atlantic and Midwest regions.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is experiencing significant growth in rental financing for dealer-owner and dedicated rental fleets, with year-over-year increases of 150%-550% among some of its clients.

BMO has been named the Best Private Bank and Best Commercial Bank in Canada by World Finance Magazine for the 13th and 9th consecutive time respectively. BMO has also been awarded the Best Retail Bank in Canada for the second year in a row and Best Private Bank in the U.S. and Best Commercial Bank in the U.S. for the first time.

Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base was reaffirmed at $600 million under its $1.0 billion senior revolving credit facility (the “Credit Facility”).

Porsche AG has signed a syndicated revolving credit facility of €2.5 billion. In total 21 banks from Europe, the Americas, and Asia have taken part in the transaction and will form the strategic core banking group in the future. The credit facility has a term of five years with two one-year extension options. There are currently no plans to draw the credit line as its sole purpose is to further strengthen Porsche’s liquidity position.

CIBC Innovation Banking announced today that it has provided growth financing to KeyOps, a Toronto-based insights and engagement platform that connects physicians to life science companies. KeyOps will use the funds to invest in product development and expansion into the US market.