TSL Express Daily Articles & News

Stifel Financial is deepening its investment in healthcare with the purchase of Torreya Partners. The investment banking company announced the acquisition of Torreya, a merger and acquisition and private capital advisory firm in the life sciences sector, in a news release Thursday (Dec. 22). Founded in 2007, Torreya specializes in life sciences, including biotechnology and pharmaceuticals.

Brightwood Capital Advisors, LLC, a private credit firm, today announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. Reset, a $426 million collateralized loan obligation. This CLO represents the fourth CLO issued by the firm since 2019. The vehicle is backed by loans the firm has originated for Brightwood Capital Fund IV and is intended to provide that fund with non-recourse financing.

In the spirit of giving and sharing, Siena Lending Group has started off the year by donating to food pantries and soup kitchens across the country on behalf of its employees and clients. Siena Lending Group is proud that this financial support will provide over 300,000 meals to individuals and families who are food insecure.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based manufacturer of precision machined products using metal alloys and plastics for industrial and commercial applications.

Apollo (NYSE: APO) today announced that Tatsuo Tanaka has been named as Japan Chair to Apollo. Mr. Tanaka is a 50-year veteran of the banking and finance industry in Japan, having held various senior positions in leading financial institutions, including as Deputy President of MUFG Bank and Mitsubishi UFJ Financial Group, Chairman of Union Bank and, most recently, Chairman of Citigroup Japan. Mr. Tanaka’s appointment reflects Apollo’s continued growth in its asset management and retirement services businesses in Japan.

Tupperware Brands Corporation (NYSE: TUP), a leading global consumer products company, announces today that it has entered into a second amendment (the "Second Amendment") to its Credit Agreement dated as of November 23, 2021 (as amended by that certain First Amendment to Credit Agreement dated as of August 1, 2022, the "Credit Agreement").

Cohn & Dussi LLC is proud to announce that three attorneys at the firm were recognized by Super Lawyers for 2022. William J. Delaney, Counsel at Cohn & Dussi, has been named to the Super Lawyers list for Bankruptcy every year since 2008. Only 5 percent of lawyers are named each year. The selection process includes independent research, peer nominations and peer evaluations by practice area.

Skyscend Capital Inc, an Atlanta-based financial services firm, announced today the appointment of Robert A. Zadek as President, effective January 1, 2023. Bob is a nationally recognized expert in factoring, reverse factoring, supply-chain finance, asset-based lending, purchase order financing, commercial loan documentation, trade finance and letters of credit, loan workouts, and bankruptcy.

Thomas (“Tom”) X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of Directors (the “Board”), effective immediately. Mr. Geisel has a diverse financial services background, including leadership experience growing regional banks for more than twenty years – most recently as President, Corporate Banking, at Webster Bank (formally known as Sterling National Bank). Additionally, Michael (“Mike”) W. Harrington has been appointed Chief Financial Officer, effective immediately. Mr. Harrington’s background includes extensive experience in community banking and financial services – most recently as Chief Financial Officer of Bryn Mawr Trust.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) is proud to announce the appointment of Patrick Scatuorchio as Senior Vice President, Business Development at Peapack Capital, the equipment finance subsidiary of Peapack-Gladstone Bank. Working out of the organization’s Red Bank, New Jersey location, Mr. Scatuorchio joins Peapack-Capital’s team of experienced equipment finance and leasing professionals.

Evolv Technology (NASDAQ: EVLV), the leader in AI-based weapons detection security screening, today announced that it has closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank, the bank of the world’s most innovative companies and investors.

Aspen Neuroscience, Inc., a private biotechnology company developing autologous cell therapies including the first iPSC-derived autologous neuron replacement treatment for Parkinson's disease (PD), has signed a $40 million credit facility with Silicon Valley Bank (SVB). Deal terms were not disclosed.

Clean Energy Fuels Corp. (Nasdaq: CLNE), the largest provider of the cleanest fuel for the transportation market, today announced that it entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P. (“Riverstone Credit Partners”), a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”).

Assembled Brands is pleased to announce a new $1.5MM facility with Aura Bora, a craft sparkling water brand. Founded in 2020, Aura Bora is on a mission to create sparkling water with deeper, richer, aromatic flavors made from all-natural ingredients such as herbs, fruits, and flowers. Its products are made from natural and vegan ingredients without icky additives, such as citric acid.

PKF Clear Thinking, LLC, the award-winning business advisory firm and subsidiary of PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, today announced that Patrick Diercks, a Partner of the Firm, has been named Plan Administrator of Charming Charlie Holdings, Inc.’s confirmed Plan of Liquidation, effective November 28, 2022.

Winston & Strawn is representing AlphaVest Acquisition Corp, a blank check company, in its initial public offering of 6,000,000 units at a price of $10.00 per unit. EarlyBirdCapital, Inc. is acting as sole bookrunning manager of the offering and Revere Securities is acting as co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any.

US-based Core Scientific is the latest in the cryptocurrency market to file for bankruptcy. On Wednesday, the crypto miner said they have filed for Chapter 11 bankruptcy protection. The company is one of the leading publicly traded cryptocurrency mining companies in the US. This blow comes after the FTX Group's voluntary insolvency proceedings.

On September 8, 2022, a three-judge panel in the United States Court of Appeals for the Second Circuit (the “Second Circuit”) reversed the United States District Court for the Southern District of New York (the “District Court”) when it determined that lenders of a syndicated loan facility to Revlon, Inc. (“Revlon”)1 who received an accidental and unintended payment from the loan agent of approximately $500 million dollars were not excused from returning a mistaken payment under New York’s “discharge-for-value” exception to restitution.2 The Second Circuit’s ruling clarifies application of the discharge-for-value rule and provides guidance to creditors on issues of notice.

Gatos Silver (NYSE:GATO) has extended the maturity date and re-established a credit limit of $50M in an amended and restated revolving credit facility with Bank of Montreal. -Gatos Silver (NYSE:GATO) has extended the maturity date and re-established a credit limit of $50M in an amended and restated revolving credit facility with Bank of Montreal. -The revolver includes an accordion feature providing up to an additional $25M of credit. -The revolver is available for general corporate purposes, working capital, acquisitions, and investments

AlphaVest Acquisition Corp (the “Company”) today announced the pricing of its initial public offering of 6,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “ATMVU” beginning tomorrow, December 20, 2022. Each unit consists of one ordinary share and one right, entitling the holder thereof to receive one-tenth of one ordinary share upon consummation of an initial business combination. After the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “ATMV” and “ATMVR,” respectively. The offering is expected to close on December 22, 2022, subject to customary closing conditions.