TSL Express Daily Articles & News

Shawn McCutcheon has joined Associated Bank as community market president for the St. Louis and Metro East market. He is responsible for the commercial, private and retail banking operations for Associated Bank's Southern IL and Missouri markets.

The leverage facility agented by KeyBank provides over $450MM of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank, and Synovus Financial Corp.

FGI Worldwide LLC (www.FGIWW.com) (“FGI”), has announced the hiring of Rick Perea as Director, FGI Risk. Based out of the Boca Raton office, Mr. Perea is responsible for originating new business opportunities for FGI’s credit insurance brokerage and risk advisory division by cultivating relationships throughout the Southeast marketplace.

SG Credit Partners, through its SG Consumer Products division, is happy to announce a partnership with Bulletproof 360, a coffee and functional nutrition brand best known for the “Bulletproof Coffee” recipe. Bulletproof embraces mind-body nutrition by using a blend of high-quality coffee, MCT oil, and grass-fed butter.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the "Company") today announced that it has amended its Receivables-Based Credit Facility and Revolving Credit Facility (together, the "Amendments") with Deutsche Bank AG New York Branch as administrative agent.

Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $20 million venture loan facility to Viken Detection Corp. ("Viken"), of which $10 million has been initially funded.

Verdant Commercial Capital, LLC, the nation’s sixth largest independent equipment finance company, announces the expansion of its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America, N.A.

Stabilis Solutions, Inc. announced that it has successfully arranged a new, $10 million secured revolving credit facility (the "Facility") with Cadence Bank. The Facility, which matures in June 2026, includes a $5 million accordion provision, subject to lender approval.

Instant Brands, the parent company of Instant Pot, Pyrex, CorningWare, Chicago Cutlery and other big household names, has filed for Chapter 11 protection, citing unsustainable debt and other macro-economic challenges.

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 Joint Lead Arranger for senior secured credit facilities to support the growth recapitalization of Triple Crown Consulting by WestView Capital Partners.

The client was referred to Sallyport through a broker and needed an influx of working capital to support their payroll obligations while they focus on growing their client base. Dan Millar, vice president for Sallyport, was pleased that with the usual Sallyport team effort, the customer was funded quickly and efficiently.

Growth Lending has closed a $2.5m, single-customer concentration working capital facility for a manufacturer of baby blankets and swaddling products.

Moritt Hock & Hamroff is pleased to welcome Sidney Balaban, Danielle Halevi, Mary Johnson, Juliette Matchton, Sam Tanenbaum, and Isaiah Williams to its 2023 Summer Associates & Legal Interns Program. Sidney, Danielle, Mary, Juliette and Sam join the firm as Summer Associates while Isaiah joins as a Legal Intern.

Hidden River Strategic Capital, a Philadelphia-based investment firm, announced that its inaugural fund, Hidden River Strategic Capital I, LP (“Hidden River” or the “Fund”), has closed on $245 million of committed capital, significantly above its initial target.

Exponential Power Inc., a provider in stored power services utilized by the energy services, utilities, industrial, telecom, data center, motive power, and material-handling markets and backed by High Road Capital Partners, has purchased DC Kilowatts. Twin Brook served as administrative agent on debt financing in this transaction.

Representing one of the first significant real estate debt transactions in this market cycle, global real estate investment company Kennedy Wilson (NYSE: KW) has closed on the initial tranche of loans as part of a $5.7 billion loan portfolio acquisition from Pacific Western Bank.

Riveron (or “the Company”), a national business advisory firm focused on the office of the CFO, private equity, and other capital providers, announced today that it has entered into a definitive agreement to be acquired by affiliates of Kohlberg & Company (“Kohlberg”). H.I.G. Capital (“H.I.G.”) will continue its partnership with Riveron through a minority investment.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has invested $1 million in Healthy Neighborhoods Equity Fund II (HNEF II).

Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), maker of premium smart home gyms and provider of virtual personal training services, announces that on June 6th the Company signed a note purchase agreement to issue senior secured notes (the "Notes") with gross proceeds to the Company of up to $15.0 million.

Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced the close of a $200 million credit facility with Aiga Capital Partners (“Aiga”), an investment management firm providing flexible capital solutions to North American-based companies developing sustainable infrastructure assets.