TSL Express Daily Articles & News

Sidley represented Apollo affiliated entities (“Apollo”) in respect of a US$1.25 billion financing to R.R. Donnelley & Sons Company. Apollo served as lead left arranger and administrative agent in the syndicated senior secured Term Loan B transaction.

US Capital Global announced today that it has further expanded its range of custom bridge finance solutions for middle market businesses. Headquartered in San Francisco with primary offices in Dallas, Philadelphia, Miami, London, Milan, Zurich, and Dubai, US Capital Global is a full-service global private financial group with an established track record in corporate finance, asset management, and capital formation services.

The term loan amendment provides for an additional tranche of $2.5 million funded at closing to pay final interest and prepayment fees associated with the existing facility, increasing the total term loan to $47.5 million at closing. The amendment extends the maturity date to April 30, 2028, with monthly interest-only continuing to May 1, 2025, when principal amortization begins.

Nomura Private Capital ("NPC") is pleased to announce the launch of its first investment product, the Nomura Alternative Income Fund (NAIFX). NPC's inaugural fund marks a significant milestone in Nomura's global push into private markets - a top priority for the firm. To underline its commitment further, Nomura has provided an initial $100 million to seed this fund.

SageSure, a leading provider of catastrophe-exposed property insurance, today announced the close of a $50 million expanded revolving credit facility with its new commercial banking partner Wintrust Financial Corporation (“Wintrust”). The funding will enable SageSure to increase underwriting capacity in the catastrophe-exposed markets it currently serves.

Harrow (Nasdaq: HROW), a leading U.S. eyecare pharmaceutical company, today announced that it has entered into a $100 million secured credit financing agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). The interest-only secured credit facility carries an interest rate equal to the three-month secured overnight financing rate (SOFR) plus 6.50%, includes flexible terms and covenants, and is expected to mature in approximately three years.

Solifi™, a global fintech software partner for secured finance, announced that Merchant West Group, a leading privately-owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on the Open Finance Platform.

Greystone Monticello, a bridge lending platform intended to serve as a one-stop shop provider of capital finance products and services for the senior housing, healthcare and multifamily sectors, announced the closing of $201.3 million in total capital financing for a portfolio of New Jersey-based skilled nursing facilities. The financing comprised a $191.3 million healthcare bridge loan and a $10 million working capital facility on behalf of Peace Capital.

Tradewind Finance today announced the successful completion of EUR 18 million in new funding for a silicon metal producer that is at the forefront of sustainable innovation in the industry. The firm's tailor-made financial solution, which includes credit protection, will deliver immediate working capital to the silicon maker to invest in their business and enable them to trade smoothly and securely.

Hilco Digital Assets, a Hilco Global company and leader in the acquisition and monetization of premium digital assets, has made a substantial strategic investment in Squadhelp.com, a disruptive naming platform that combines AI, Crowdsourcing, and Gamification to provide branding solutions to companies. As part of the investment, Andrew Miller, Managing Director of Hilco Digital Assets, will join the Squadhelp Board of Directors.

When a Gulf Coast-based second-generation food manufacturing company needed more support during seasonal growth periods, the company’s commercial banker sought a better partner for a line of credit that would allow the referring banker to maintain treasury management. Republic Business Credit stepped up to provide a $6.5 million asset-based loan with a seasonal uplift.

-Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today announced that Curt Lueker has joined the firm as Managing Director, to lead the firm’s sponsor coverage and direct lending business. In addition, Mr. Lueker will become a member of the firm’s Investment Committee.

Greenbrook TMS Inc. (NASDAQ: GBNH) ("Greenbrook" or the "Company") today announced that it has (i) completed a non-brokered private placement (the "Private Placement") of common shares of the Company (the "Common Shares") for aggregate gross proceeds of approximately US$6.25 million, and (ii) entered into amendments to its credit facility (the "Credit Facility") with Madryn Asset Management, LP and affiliates

-FinWise Bank, a subsidiary of FinWise Bancorp, announced today that the Board of Directors approved the promotion of Chief Credit and Chief Strategy Officer, James Noone to succeed President Kent Landvatter effective immediately. Mr. Landvatter will remain Chief Executive Officer of FinWise Bank and Chairman of the Board, President and CEO of FinWise Bancorp.

Yak also entered into a new $75,000,000 revolving credit facility led by MidCap Financial. By eliminating over $500,000,000 of net debt and substantially reducing leverage and debt service, Yak has emerged from this transaction with ample liquidity and a healthy, sustainable balance sheet.

Uniti Group Inc. today announced that it has entered into an amendment to its credit agreement that, upon receipt of routine regulatory approvals, extends the maturity date of each lender’s commitment under the Company’s senior secured revolving credit facility to September 24, 2027. Bank of America acted as Left Lead Arranger on the transaction.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.

Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme” or the “Company”) today announced that it has successfully completed the refinancing of existing Term Loan A and Revolver Facilities. The new $700 million Term Loan A and $300 million revolver extends maturities until March 2028 at the same terms to existing facilities and welcomes several new creditors into our facilities. There is no change in the Company’s net debt as a result of this refinancing.

OYA Renewables ("OYA"), a leading energy transition solutions platform, today announced that it has secured backing from City National Bank (CNB), a wholly-owned US subsidiary of Royal Bank of Canada – with a US$27.1 million long-term loan facility. In addition to this, OYA also received funding from Greenprint, the tax equity investor for the four projects, due to the projects reaching the Substantial Completion milestone.

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules Capital” or the “Company”) today announced that Hercules Adviser LLC (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, announced it has established a new institutional private credit lending program. The new private credit lending program was established to support the venture and growth stage companies that are being impacted by the recent market events across the venture and growth stage lending ecosystem.