TSL Express Daily Articles & News

Alignment Credit, a leading provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured term loan commitment to Total MD, LLC (“Total Primary Care”) to refinance previous debt facilities and provide capital for continuing expansion.

Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates acted as administrative agents and provided senior debt financing and an equity co-investment in support of Recognize Partners’ (“Recognize”) investment in 2X LLC (“2X” or the “Company”), an outsourced digital business-to-business (“B2B”) marketing-as-a-service (“MaaS”) provider.

Global law firm Norton Rose Fulbright announced today that corporate finance lawyer Kimberly Perdue has joined its Dallas office as a partner.

The facility is supported by a group of ten leading global and regional banks. Bank of America and SEB acted as joint Co-ordinating Mandated Lead Arrangers and Bookrunners in the process. In addition, Bank of China, BNP Paribas, Citibank, Deutsche Bank, Handelsbanken, HSBC, J.P. Morgan, and Nordea, joined the facility as Mandated Lead Arrangers and Bookrunners.

First Bank has ranked #1 as a BEST Employer in the Extra Large (330+) Employer category in Business NC Magazine. The nod, announced in the June issue, features 50+ employers (categorized by number of employees) in the state who were selected for the designation out of hundreds of nominations.

Huntington Business Credit announced it closed a $35,000,000 new credit facility with SupplyCore Inc. on May 19, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

Cohen joined the firm in 1998 and was promoted to partner in 2007. He is Regional Practice Area Leader of the Americas Real Estate practice and Chair of the Americas Personnel Committee. His practice focuses on real estate private equity and joint ventures as well as acquisitions, dispositions and financings involving real estate.

CIBC Innovation Banking is pleased to announce the lead arrangement of a $60 million syndicated debt financing commitment for Indianapolis-based Bloomerang, LLC (Bloomerang), a complete donor relationship management solution for thousands of small and medium-sized nonprofits.

NMEF, a leading independent commercial equipment lender located in Norwalk, Connecticut, announced that the company won the prestigious GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. The company accepted its award at a gala industry dinner in New York City at the Metropolitan Club.

Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $7 million revolving line of credit, equipment term loan, and real estate term loan for a tempered glass product manufacturer in Tennessee.

Airwavz Solutions, Inc., the market's leading provider of smart building wireless infrastructure, today announced it has closed a transaction to significantly upsize its existing credit facility with AB Private Credit Investors ("AB-PCI"), the middle market direct lending platform of AllianceBernstein.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announces the appointment of Tony Macchi to the role of Senior Vice President, Digital and Products.

A transaction in which Morgan Lewis lawyers represented ACIA Aero Leasing has been named the Revolving Credit Facility Deal of the Year for 2022 at the AirFinance Journal Awards, which recognize outstanding work on aviation finance transactions.

In 1992, the AIRA established the Certified Insolvency and Restructuring Advisor (CIRA) program to recognize by public awareness and certification those individuals who possess a high degree of knowledge and proficiency across a spectrum of functions related to serving clients in situations involving distressed and/or insolvent entities.

Big Shoulders Capital affiliate completed the asset purchase of Design Molded Plastics, a 40-year-old custom plastic injection molding business in Macedonia, Ohio. Big Shoulders previously invested in another Ohio injection molder and mold builder, DRS Industrial, LLC in 2020.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to welcome Ben Warren and Jack Rutter to the firm as Associates. Throughout the year, Gridiron has continued to bolster its team to add value and enhance its Winning Together culture.

The Business Development team of Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently added Brian Sheehy to its Business Development team as its Vice President reporting to Raphael Torres, Head of Business Development.

Traditional bank lenders are applying more pressure to borrowers and showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors, a leading investment bank.

Augmedix (Nasdaq: AUGX), a healthcare technology company that delivers industry-leading ambient medical documentation, today announced that it has amended its existing senior secured term loan facility with Silicon Valley Bank (“SVB”), a division of First Citizens Bank, which may extend the interest only period by as long as 18 months from January 2024 to July 2025, and finalized terms on its previously disclosed equity line of credit with Redmile Group, LLC (“Redmile”).

Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Atlanta-based Tiffany Brown as a Managing Director and the North American Solution Leader for the CFO Services practice within the firm’s Corporate Performance Improvement (CPI) division.