TSL Express Daily Articles & News

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.

Oakworth Capital Bank (OTCQX: OAKC) acted as servicer and sole agent for a senior secured credit facility that supports the Navis Clinical Laboratories purchase of the clinical laboratory business of Cordant Health Solutions. Proceeds from the financing were used to fund the acquisition, as well as support Navis’ ongoing working capital needs.

Origis Energy, one of America’s leading renewable energy platforms, today announced the close of an upsizing amendment to their development finance facility doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline. This financing round follows a $375 million facility announced in May 2022.

Vmo Aircraft Leasing (“Vmo”), announces the upsizing and extension of its warehouse credit facility to $1.225 billion. The five-year senior secured warehouse facility originally closed in November 2021, with an initial committed amount of $600 million. The upsizing more than doubles the capacity of the facility and brings new banking partners into the credit facility, including BNP Paribas, Goldman Sachs, KeyBank and Societe Generale.

Arnold & Porter announced today the continued growth of its Corporate & Finance practice with the arrival of partner Marina Richter. She will be resident in New York. Ms. Richter’s practice spans a wide range of domestic and cross-border M&A transactions, fund investments, private equity, alternative assets, and venture capital transactions.

Citizens today named Jessica Rascionato to lead its Commercial Real Estate team and expanded Joanne Wyper’s role to head of Commercial Banking Digital and Operations to drive the Commercial Bank’s digital-forward strategy. Bragg Comer will succeed Rascionato as head of underwriting and portfolio management.

Solomon Partners, a leading financial advisory firm, announces Joseph Watson has joined the firm as a Managing Director in its Technology Group, the firm’s newest practice. Creating and building out Solomon’s tenth vertical is part of the firm’s mission to continue to strategically expand and diversify its platform.

NantHealth, Inc., a leading provider of enterprise solutions that help businesses transform complex data into actionable insights, today announced the entry into a credit agreement for a new senior secured term loan in an aggregate principal amount of $22.5 million. The Term Loan Facility was funded by two existing NantHealth investors: Highbridge Capital Management, LLC and Nant Capital, LLC

Angelo Gordon, a $53 billion alternative investment firm focused on credit and real estate investing, today announced the final closing of the AG CSF2A (Annex) Dislocation Fund, L.P. (the “Annex Dislocation Fund 2”) with $1.3 billion of equity commitments. The Fund received strong support from existing investors of the flagship Credit Solutions strategy, as well as a significant level of commitments from institutional and retail investors new to Angelo Gordon.