TSL Express Daily Articles & News

HGGC, a leading middle-market private equity firm with over $6.9 billion of cumulative capital commitments, today announced it has promoted Colin Phinisey to Partner. Since joining HGGC in 2018 as a Principal, Phinisey has led Debt Capital Markets activities for all new and existing portfolio company investments, including acquisitions, recapitalizations, refinancings and capital structure management.

Pinnacle Capital Finance is proud to announce the issuance of a $4.5MM combination asset-based line of credit, PO financing and term loans to a California-based winery. The company offers a wide variety of premium wines as well as spirits with products in each category awarded 95 points by The Tastingpanel Magazine.

Scale Microgrids (“Scale”) recently closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power (CHP) systems, community solar, rooftop solar, battery energy storage systems, and microgrid electric vehicle infrastructure projects in markets including California, Oregon, the District of Columbia, Pennsylvania, Delaware, Colorado, North Carolina, New Jersey and New York.

As part of its deep and long-standing commitment to drive greater economic inclusion and mobility, Eastern Bank is announcing today the launch of Equity Alliance for Business to further advance the growth of underrepresented business owners and entrepreneurs. Specifically for business owners who are women or people of color and all their intersectionality, including the LGBTQIA+, veterans and disabled communities, Equality Alliance for Business provides a specialized credit offering designed to meet the needs of diverse business owners.

BizCap, a leading provider of financial solutions for small and lower middle market businesses, is pleased to announce that Kylie Whetsel has joined the firm as Marketing Manager. In this role, Kylie will be responsible for developing and executing strategies that will further enhance the company's visibility and growth in the marketplace.

Just days before Christmas, 2022 Flatbay Capital LLC closed the fastest loan in Flatbay Capital’s company history, from term sheet signing to funding in 5 days! The deal was a $6,960,000 owner-occupied CRE loan for a Texas-based commercial transportation company.

Gibraltar Business Capital (“GBC”) is proud to announce it has secured an increased line of credit with Bank of America, building upon the partnership first announced in May 2021. While Bank of America remains the lead agent in the expanded senior line of credit financing arrangement, the syndicate backing this credit line also includes M&T Bank, Truist Bank and Wells Fargo.

Drive Shack Inc. (OTCQX: DSHK) (the “Company”), a leading owner and operator of golf-related leisure and entertainment businesses, announced today that it has obtained a $26.5 million senior secured term loan facility to fund the construction of its Puttery venues currently in development.

Medexus Pharmaceuticals (TSX: MDP; TSX: MDP.DB; OTCQX: MEDXF) today entered into a new senior secured credit agreement agented by BMO. The credit agreement provides for a US$35 million term loan facility and a US$3.5 million revolving loan facility for working capital. The term loan facility benefits from an additional US$20 million uncommitted accordion feature, which Medexus is confident will be available.

Embraer (NYSE: ERJ, B3: EMB3) has closed a US$200 million credit facility to finance purchases from direct suppliers in the United States. This financing is being provided by Citibank and guaranteed by the Export-Import Bank of the United States (EXIM), the country’s official export credit agency.

Marathon Asset Management LP (“Marathon”) is pleased to announce the closing of Bryant Park Funding 2023-19 Ltd., a $400mm new issue Collateralized Loan Obligation (“CLO”). This is the first new CLO executed by Marathon’s global Performing Credit platform in 2023, as well as the first under the firm’s Bryant Park Funding shelf. Marathon’s Bryant Park Funding CLO program focuses on high-quality, liquid, broadly syndicated senior secured loans with an emphasis on capital preservation, lower volatility, and structural durability.

Automated Financial Systems, Inc. (AFS®) is pleased to announce the delivery of our latest release 3.4 of AFSVision, the industry’s only true real-time, end-to-end, commercial lending platform.

A&G Real Estate Partners will be auctioning over 250 leases nationwide as part of a first round of store closures from Tuesday Morning Corp. in connection with the off-price home goods and décor retailer’s voluntary Chapter 11 reorganization.

A trio of fintechs with years of industry-leading experience are joining forces to form a powerhouse set to take on consumer and commercial lending markets. Lenvi brings together EQ Credit Services, EQ RiskFactor and EQ KYC Solutions into a single entity under a new leadership team, with big ambitions to deliver more powerful, relevant and responsible lending solutions for customers.

R.R. Donnelley & Sons Company (“RRD” or the “Company”) today announced the pricing and allocation of a 5-year $1.25 billion senior secured term loan B (the “New Term Loan”).

FTI Consulting, Inc. (NYSE: FCN) today announced the launch of its FTI Capital Advisors offering in Hong Kong, complementing the existing operations in Singapore. Led by Senior Managing Director Jason Ho, the senior team based in Hong Kong includes Managing Director Alex Wong.

United Furniture Industries, Inc. ("UFI") has engaged a joint venture of SB360 Capital Partners, LLC ("SB360") and Hilco Global ("Hilco") (SB360 and Hilco together are hereinafter referred to as the "JV") as exclusive agents for the disposition of Inventory, M&E, and FF&E, as well as the servicing and settlement of Receivables on the Company's behalf. Specific engaged Hilco entities include Hilco Wholesale Solutions, LLC, Hilco Commercial Industrial, LLC, and Hilco Receivables, LLC.

Golub Capital has expanded its presence in Europe with three new additions to its London-based team. Daniel von Rothenburg joined as a Managing Director and Head of EMEA on the Business Development and Investor Relations team. Philipp Schroeder joined Golub Capital as a Senior Director on the Direct Lending team. Mensah Lambie joined Golub Capital as a Principal on the Direct Lending team.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it acted as Administrative Agent on a first lien senior secured credit facility to Gannett Fleming (the “Company”), a leading engineering and infrastructure solutions provider. The financing was used to support the acquisition of the Company by OceanSound Partners (“OceanSound”).

Brian Gagel Joins Rosenthal as Recourse Factoring Portfolio Manager (NEW YORK) MARCH 9, 2023– 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 a combined deal for a specialty foods company that includes a $3.5 million recourse factoring facility and a $2 million purchase order line.