TSL Express Daily Articles & News

Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.

CFG Merchant Solutions, LLC (“CFGMS”), a technology-enabled specialty finance and alternative funding provider, announced the closing of a $20.0 million investment-grade rated corporate note financing from a group of leading U.S.-based institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.

Castlelake Aviation Limited ("CA Ltd."), a corporate lessor of commercial aircraft focused on financing a portfolio of modern, young, fuel-efficient aircraft, today announced the closing of a $635 million incremental Term Loan B facility. The proceeds of the facility will be used to refinance existing debt and for general corporate purposes.

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 recent $25 million factoring deal for an established and growing company in the juvenile products space.

Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, today reported its subsidiaries had obtained $51 million of new funding from B. Riley Commercial Capital, LLC (“BRCC”) and an affiliate of BRCC through a combination of an amendment of the Company’s existing $150 million PNC securitization facility to permit the addition of $35 million of junior secured financing, a separate sale of receivables, and an increase in availability under a revolving line of credit.

Sachem Capital Corp. (NYSE American: SACH) (“Sachem”, “the Company”), a financing company that specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans, announced today the Company has entered into a $45 million revolving line of credit with Needham Bank.

First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the MV Green Power, a 40,000 cbm ammonia carrier.

Medalist Partners, an alternative investment management firm focused on asset-based private credit and structured credit, announced today that industry veteran Mark Crawley has joined the firm as a Private Credit Sector Manager.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized businesses in the United States announces the completion of a $250,000 Accounts Receivable Factoring Facility with a privately-owned national provider of Security Guards and Investigative Services Company.

SLR Equipment Finance is pleased to announce Kevin Libert has joined our company as a Senior Vice President of Business Development. In his role, Kevin will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers in California, Nevada, Arizona, Utah, Wyoming, Idaho, Montana, Oregon, Washington, Alaska, and Hawaii. Kevin began his career with ITT Industrial Credit Company.

Chomps, a family-owned and operated healthy meat snack brand offering products made from the highest-quality, sustainably sourced proteins. This announcement comes on the heels of Chomps’ latest innovation launch of Habanero Beef and Taco Beef on March 1, as well as the brand’s appointment of Liz Carter as President and COO.

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.