TSL Express Daily Articles & News

The Maurice A. Deane School of Law at Hofstra University has named Juliana Gonzalez as the recipient of the 2022-2023 Moritt Hock & Hamroff Business Law Honors Fellowship and Estelle Gregory as the recipient of the 2022-2023 Marc Hamroff Annual Scholarship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law. The Scholarship is awarded to a deserving entering student on the basis of demonstrated academic achievement and/or financial need.

Nuveen, the investment manager of TIAA, has successfully completed its acquisition of a controlling interest in Arcmont Asset Management, a leading European private debt investment manager. The deal was initially announced on October 27, 2022.

King & Spalding announced today that Adam Baker has joined the firm’s Special Matters and Government Investigations team as a partner in the New York office. Baker most recently served as Assistant U.S. Attorney in the U.S. Attorney’s Office (USAO) in the District of New Jersey.

Monroe Capital LLC (“Monroe”) was selected as the recipient of two separate Private Debt Investor (“PDI”) awards, including the 2022 Lower Mid-Market Lender of the Year and CLO Manager of the Year in the Americas. PDI is published by PEI, the only global B2B information group focused exclusively on private equity, private debt, private real estate, infrastructure and agri investing.

Armory Securities, LLC is pleased to announce that Yucatan Foods, LLC has been sold to Flagship Food Group and CREO Capital Partners. The transaction closed on February 7, 2023. Armory served as exclusive M&A advisor for the transaction. Yucatan Foods, LLC (a subsidiary of Curation Foods and Lifecore Biomedical) markets pre-made fresh guacamole products under the Yucatan® and Cabo Fresh® brands which are among the largest retail brands in the category.

Dallas-based Axiom Commercial Finance is proud to announce the addition of Kurt Tegge to its team as Senior Underwriter for Asset Based Lending. Kurt brings over two decades of experience in underwriting asset-based loans and has an extensive background in credit risk analysis and portfolio management. He will be responsible for underwriting new loan opportunities.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of three recent transactions in the apparel and outdoor sectors, including a $1 million factoring deal for an outdoor apparel company, a $5 million asset based loan for a growing apparel brand and a $1.5 million purchase order financing program for a luxury outdoor home goods company.

J D Factors provided $10,745,000 in new factoring facilities to over 30 new clients in the US and Canada during the month of February.

A Southeast-based subsidiary of a European holding company was introduced to Prestige by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances. Within two weeks of signing the proposal letter, Prestige underwrote and closed the deal, enabling the company to expand its call center operations in the US and obtain additional funds to smooth out its cash flow needs.

United Capital Funding Group LLC, a Florida-based factoring firm with offices in Tennessee recently provided a $3 million accounts receivable facility to a Tennessee-based commercial printing company in partnership with KLC Financial, a Minnesota-based equipment finance firm, to issue an equipment loan. This was secured after the company was denied an increase in its SBA-guaranteed bank line of credit.

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 provided $10 million in financing to American Gas Products (AGP), a full-service national industrial and specialty gas supplier. The capital will help finance new equipment, leasehold improvements at AGP’s new headquarters, and refinance existing debt.

On March 1, First Citizens Bank celebrates its 125th year of delivering long-term value and excellent service to clients and strong results to shareholders. First Citizens is recognizing this significant service milestone with a celebration throughout the year highlighting core principles that have fostered success for the bank and its customers alike.

Theratechnologies Inc. (“Theratechnologies”, the “Company”, or “we”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it has entered into a first amendment to its credit agreement dated July 20, 2022 (the “Credit Facility”) with certain funds and accounts for which Marathon Asset Management, L.P. acts as investment manager (collectively, “Marathon”).

Global investment firm KKR announced today that KKR has completed KKR’s acquisition of Hitachi Transport System Ltd. (“HTS” or the “Company”). KKR holds the shares of HTS through HTSK Co., Ltd. (“HTSK”), a special purpose entity which owns 100% of the shares with voting rights in HTS, and through HTSK Holdings Co., Ltd. (“HTSK Holdings”), a 100% parent and holding company of HTSK. KKR will work in strategic partnership with Hitachi Ltd. (“Hitachi”), which owns 10% of the shares with voting rights in HTSK Holdings and KKR owns the remaining 90% of the shares with voting rights.

U.S. Bank announced today that it has added portfolio optimization capabilities to its Pivot client platform, giving collateralized loan obligation (CLO) clients comprehensive insights for faster and more effective trading. Using a set of criteria selected by the client, Pivot Portfolio Optimization sorts through tens of thousands of potential portfolio combinations to identify a combination of investments that best advance the client’s stated objective – typically, maximizing the weighted average spread of the CLO.

Robert Gorin has been named the Consumer Products Practice Leader of Getzler Henrich & Associates LLC (getzlerhenrich.com), one of the nation’s oldest and respected middle-market corporate restructurings and operations improvement firms. A Managing Director at Getzler Henrich since 2014, Mr. Gorin has more than 30 years of client-centric focus to business strategy and operations through his work in corporate turnarounds, process design and improvement, corporate mergers and acquisitions, and management consulting.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) (the "Company") today announced that it has successfully arranged a new forward starting $2.1 billion multi-currency revolving credit facility (the "New Revolver"). The New Revolver will replace Carnival Corporation's existing multi-currency revolving credit facility (the "Existing Revolver") upon its maturity in August 2024.

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) ("Chicago Atlantic" or the “Company”), a commercial real estate finance company, today announced that Chicago Atlantic Lincoln, LLC (“Chicago Atlantic Lincoln”), its wholly-owned financing subsidiary, entered into the First Amendment to the Third Amended and Restated Loan and Security Agreement by and among Chicago Atlantic Lincoln and six FDIC-insured financial institutions to extend the maturity of its $92.5 million secured revolving credit facility

NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that it has expanded its existing non-revolving credit facility between the Company and its Executive Chairman, Mark Smith, to US$4 million from the previous limit of US$3.5 million.

AmeriFactors Financial Group, LLC. recently provided funding to one of their return clients for a new start-up company. The business owners came back to AmeriFactors for a third time to help fund their third successful business.