TSL Express Daily Articles & News

Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the available credit under its existing facility with Silicon Valley Bank (“SVB Credit Facility”). The amended agreement increases the available capacity of the facility from $8 million to $14.0 million to support higher working capital requirements related to increased customer demand.

NowVertical Group Inc. (TSXV: NOW) ("NOW" or the "Company"), the VI software and solutions company, is pleased to announce a new credit agreement with The Toronto-Dominion Bank (“TD Bank”) for a CAD$7 million credit facility (the “New Facility”) and closed the previously announced agreements to acquire 100% of the issued and outstanding securities of two U.K. based data analytics solution providers (the“Acquisitions”), Acrotrend Solutions (“Acrotrend”) and Smartlytics (“Smartlytics”).

AmplifyBio announced that it had augmented its balance sheet with non-dilutive debt financing, whereby it may borrow a principal amount of up to $50 million from Hercules Capital, Inc. (NYSE: HTGC). The move allows AmplifyBio to continue investing in its strategic plan, including the rapid growth of sites, technology, and service offerings planned for the coming 18 to 24 months.

Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), today named Alistair McKay as Head of European Investment Banking. In addition, Alex Smith and Gonzalo Smolders have joined the firm as Managing Directors.

Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 9% and revenue growth of 11% during the first two months of the fourth quarter of 2022.

Walker & Dunlop, Inc. (NYSE: WD; the “Company”) today announced that it closed a $200 million incremental loan under its senior secured term loan facility. The incremental term loan bears interest at a rate equal to adjusted Term SOFR plus 3.00% per annum and matures in December 2028. JP Morgan served as Administrative Agent and Lead Arranger.

MediaValet Inc. (TSX: MVP) (the Company), a leading provider of enterprise digital asset management (DAM), video content management and creative operations software, is pleased to announce its credit facility with TD Bank Group has been increased to $9 million (previously $7M).

Keltbray Holdings Limited has announced that it has agreed a new £33 million Credit Facility with its principal bankers, Santander UK Ltd, for a three year-term. The facility provides the business with committed bank financing, underpinning the Group’s 2022 year-end liquidity position of £44.1 million, supporting its continued growth strategy.

Geneva-based energy trader Gunvor Group on Wednesday said it has renewed a $1.565 billion loan facility to support the working capital needs of its liquefied natural gas (LNG) activities globally.

Armory Securities, LLC is pleased to announce that Universal Gaming Group has secured a new senior secured credit facility. Armory served as exclusive financial advisor and placement agent to Universal Gaming Group for the transaction. Following a competitive proposal process, Universal Gaming Group (“Universal Gaming”) entered into a new credit facility with a leading global private capital provider.

B. Riley Securities, Inc., a leading full-service investment bank, was pleased to serve as exclusive financial advisor to Evans Manufacturing, a leading supplier to the promotional products industry, in connection with its acquisition by HPG. The partnership brings new North American manufacturing capabilities into the HPG portfolio, with the addition of Evans’ facilities in Southern California and Nogales, Mexico.

Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the acquisition of The Omerta Group by Kingsley Gate Partners, an existing portfolio company of Crescent Cove Private Equity.

FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a CAD 25 million secured credit facility with Mara Technologies Inc. and Mara Technologies USA Inc. (“Mara”), a manufacturer of electronic boards and assemblies focused in infrastructure, broad band communications and power management systems. Mara is a subsidiary of the Invotek Group, a global leader in electronics manufacturing services based in Markham, Ontario.

Bed Bath & Beyond Inc. has brought on turnaround consultant AlixPartners as its new restructuring adviser as the troubled home goods retailer prepares for a likely bankruptcy, according to sources familiar with the matter. The company has also been working with law firm Kirkland & Ellis LLP and investment banker Lazard Ltd. on restructuring efforts and last week said it is considering all options, including a bankruptcy filing, to battle its declining cash and dropping revenue.

KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, today announced that KKR is making an additional $1.15 billion commitment to expand its global portfolio of leased commercial aircraft in partnership with Altavair. The investment will come from KKR’s credit and infrastructure funds.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $7,000,000 medical accounts receivable financing facility with a behavioral therapy treatment center based in Florida (“Company”).

Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the acquisition of ITK Solutions Group LLC (“ITK”) by Argano, an existing portfolio company of Trinity Hunt Partners.

Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $247.0 million in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured loans and 4% were equity and other securities. Of the new middle-market investment commitments, $216.5 million funded at close.

Antares Capital (“Antares”) announced today that Seth Katzenstein has joined the firm as Managing Director and Head of Broadly Syndicated Loans to build the firm’s broadly syndicated loan (“BSL”) business. Mr. Katzenstein will be based in New York and report to Vivek Mathew, Head of Asset Management.

Cresset Partners has launched the Cresset Partners Private Credit Fund, LLC (the "Fund"). The Fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering consistent income and strong downside management.