TSL Express Daily Articles & News

Bank of America, N.A. will continue to serve as the administrative agent, and Bank of America, N.A. and JPMorgan Chase Bank, N.A. served as the Joint Lead Arrangers. In addition to increasing the size of the Credit Facility from $300 million to $350 million, there are changes to certain terms of the Credit Facility from the prior agreement, including modifications to the financial covenants.

Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the continued growth of Snowden Lane Partners (“Snowden Lane”), an existing portfolio company of Estancia Capital Partners.

Huntington Business Credit announced it closed $39,400,000 in new credit facilities with Santmyer Companies, Inc. on March 31, 2023. Proceeds of the facility were used to finance an acquisition, refinance existing debt and provide ongoing working capital growth financing.

Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Administrative Agent, Collateral Agent, Joint Lead Arranger and Joint Bookrunner for a Senior Secured Credit Facility supporting H.I.G. Capital’s acquisition of Tower Engineering Professionals

Republic Business Credit is proud to announce it recently provided a $6.75 million factoring legered line of credit facility to a women and minority-owned government contractor, with an accordion up to $10 million.

SG Credit Partners today announced the re-branding of Stonegate Capital, which it acquired in late 2021, to SG Consumer Products. SG Consumer Products provides asset-based lines of credit plus IP/brand and M&E term loans primarily to sponsor-backed, high-growth consumer brands generating revenue of $15 to $200+ million.

36th Street Capital announced today that it recently extended and upsized its senior secured revolving credit facility to $280 million, an increase of $110 million. The credit facility includes six lenders and is led by Capital One, N.A. as agent.

Intrinsic LLC, a national valuation and transaction advisory firm based in Denver, Colorado (“Intrinsic” or the “Company”), announced today that it has launched a separate Fixed Asset Valuation practice.

M C Bank has hired Steve Bergeron to fill the role of chief credit officer. Bergeron has been in the banking industry since 1980. He previously worked at Hancock Whitney Bank and Regions Bank. For the last twelve months, he has been working in a consulting role with M C Bank.

PetroFrontier Corp. ("PetroFrontier" or "the Corporation") (TSXV:PFC) is pleased to announce that it has successfully extended a total $6,353,000 of its principal debt obligations for a period of two additional years. The debt obligations included a debenture that matured on August 31, 2022 and previous credit facilities which matured on August 31, 2022, April 30, 2022 and October 31, 2022.

Quinn Residences ("Quinn" or the "Company"), the largest pure-play owner of high-quality, purpose-built communities of single-family homes for rent in the Southeastern United States, announced today the closing of a $500 million revolving credit facility (the "Facility") led by JPMorgan Chase Bank. An accordion feature permits the Company to increase the borrowing capacity up to $1.5 billion.

Sycamore Tree Capital Partners (“Sycamore Tree”), a specialist asset manager with private and alternative credit investment expertise, announced today the closing of STCP CLO 2023-3, Ltd. (“STCP CLO 3” or “the Fund”), the Firm’s third collateralized loan obligation since inception and the Firm’s second CLO in 2023.

Growth Lending, a leading provider of fast, flexible, and tailored funding for growing businesses has appointed Jeremy Talton as Senior Vice President of Sales, as the firm continues to expand its operations in the US.

David’s Bridal has filed for Chapter 11 bankruptcy, according to the Wall Street Journal. This comes just days after David’s Bridal, one of the largest sellers of wedding gowns in the United States, planned to cut at least 9,000 positions across the United States.

StratCap (“StratCap” or “the Company”) announced today that its wireless infrastructure division (“StratCap Wireless”) has completed the acquisition of more than $35 million in data centers and cell towers.

Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that the firm has provided a $44 million loan to McKee Homes, a Raleigh, North Carolina-based home builder and developer, and the Huff Family Offices, for The Palms at Edgewater, a 288-unit multifamily apartment complex in Summerville, South Carolina.

Jonathan Vukanovich, CPA, has been named a Director of the Automotive Industry Practice of Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation's oldest and most respected middle-market corporate restructurings and operations improvement firms.

Wells Fargo & Company (NYSE: WFC) today announced that Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO of Consumer & Small Business Banking (CSBB), effective May 1

NXT Capital announced today that it closed a senior credit facility in support of Audax Private Equity’s acquisition of Krayden. NXT Capital acted as the Administrative Agent, Joint Lead Arranger and Joint Bookrunner on this transaction.