TSL Express Daily Articles & News

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.

BofA Securities, Inc. served as Lead Arranger for the ABL Facility. The Company received strong support from the other participants in its bank group, including Wells Fargo, J.P. Morgan, Goldman Sachs, Fifth Third, PNC, Truist, New York Community Bank, BMO, Credit Suisse, MUFG, Regions, Capital One, Barclays, Huntington, ING, U.S. Bank, RBC and First Citizens.

Lucky Bucks, LLC and its parent, Lucky Bucks HoldCo, LLC (collectively, “Lucky Bucks”), among the largest Class B coin operated amusement machine (“COAM”) operators in Georgia, today announced a recapitalization transaction with the overwhelming support of its secured lenders holding over 86% of Lucky Bucks’ secured debt.

MUFG Bank, Ltd. and Natixis, New York Branch are Joint Lead Arrangers and Joint Bookrunners for the Facility. Coöperatieve Rabobank U.A., New York Branch, Société Générale and Wells Fargo Bank, N.A., are Joint Lead Arrangers. MUFG Bank, Ltd. is the Administrative Agent. The Co-Syndication and Co-Documentation Agents are Coöperatieve Rabobank U.A., New York Branch, ING BANK N.V., Société Générale and Wells Fargo Bank, N.A.

Avolon Holdings Limited (‘Avolon’), the international aircraft leasing company, announces the extension of the TLB-3 tranche of its senior secured US$2.92 billion Term Loan B facility (the ‘Facility’).

UBS has completed the acquisition of Credit Suisse today, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.

The Huntington National Bank ("Huntington") announced today the addition of a fund finance banking team to support its sponsor finance business within the Commercial Bank. The 10-person team will significantly boost Huntington's capabilities by providing strategically important financing directly at the fund level and expanding coverage across the sponsor ecosystem.

Citizens Financial Group, Inc. (NYSE: CFG) today announced it has significantly accelerated its private banking growth strategy with the addition of approximately 50 new senior private bankers and related support staff in Boston, Florida, New York, and San Francisco.

White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”) announced they have provided a $67 million ABL credit facility to a leading manufacturer of healthcare and food safety products.

The PNC Financial Services Group, Inc. (NYSE: PNC) announced that Jenn Garbach has joined the company as chief marketing officer. Previously, Garbach served as the head of Marketing Transformation & Operations at PayPal.

Trinity Capital, a division of Citizens Capital Markets, announced today that it served as the exclusive financial advisor to a California-based franchisee group managed by the Lutfi Family on the sale of 48 Arby’s restaurants located in Washington, Oregon and Southern California.

The new $75 million term loan and revolving credit line of up to $90 million were secured through Avenue Sustainable Solutions and MidCap Financial, respectively, and provide significantly enhanced liquidity to the Company.

In an immediate private-treaty sale, Tiger Group is offering more than $30 million of inventory, molded-pulp manufacturing equipment and other assets from the former California plant and global operations of Zume.

Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company. Founded in 1984, SPS New England is a bridge, highway, transit and marine contractor providing construction, bridge repair and design-build services to municipal and state clients throughout New England.

First Business Bank welcomes Aaron Brand to its Asset-Based Lending team as Vice President – Asset-Based Lending. Aaron Brand is an experienced financial sales leader with more than 20 years of experience in business lending and excels at developing creative solutions to fit clients' needs.