TSL Express Daily Articles & News

FocalPoint (“FocalPoint”), a division of B. Riley Securities, Inc., is pleased to have served as the exclusive financial advisor to Exact Customer LLC (“Exact Customer” or the “Company”) in connection with its strategic investment from Gauge Capital (“Gauge”). Exact Customer is a software-enabled, digital performance marketing agency focused on providing large average order value sales leads of high intent consumers to the home services market. Exact Customer utilizes first- and third-party data to aggregate and assess leads from multiple channels, including email, pay-per-click, and publishers.

BMO employees have pledged more than $31 million to the United Way and thousands of other community organizations across North America, setting a new BMO record and exceeding the bank's annual Employee Giving Campaign target by $5 million. Since kicking off their annual campaign in late November, 88 per cent of BMO employees across North America came together to reach beyond and Boldly Grow the Good in business and life, by making donations to thousands of organizations. These donations will help address the disproportionate impacts felt more acutely by the most vulnerable in our society, and drive progress in a year which saw higher costs for basic life essentials.

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced that it has successfully expanded its credit facility by €230 million to €400 million. The new facility expires in December 2027. Societe Generale acted as structuring bank, and Societe Generale and Banco Santander served as the mandated lead arrangers and book runners on this facility.

Crescendo Asset Management, LLC (“CAM”) with its newly launched CAM Alternative Capital Solutions, LLC (“CAM ACS”), celebrates $200 million in facilities closed in its first year of business. CAM ACS (www.acsfund.com) provides invoice discounting, traditional factoring, supply chain finance, and asset-based lending, worldwide.

William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that it has further expanded its investment banking team with the addition of William Kallop as a managing director in the firm’s consumer and retail group. Based in Chicago, Kallop will focus on clients across the consumer and retail sector, including consumer services, food and beverage, and enthusiast brands.

itan Mining Corporation (TSX: TI) (“Titan” or the “Company”) announces it has extended the maturity date of its US$40 million credit facility (the “Credit Facility”) with National Bank of Canada (“National Bank”). The maturity date of the Company’s revolving credit facility has been extended from December 6, 2023 to December 6, 2024. Concurrently, the guarantee provided by the Company’s Executive Chairman through Augusta Investments Inc. and its related entity was also extended to December 6, 2024.

Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, today announced that it has increased commitments under its senior unsecured revolving credit facility by $45 million with the addition of Royal Bank of Canada as a top tier lender.

Mid Penn Bancorp, Inc., headquartered in Harrisburg, Pennsylvania, and Brunswick Bancorp, headquartered in New Brunswick, New Jersey, today jointly announced the signing of a definitive merger agreement pursuant to which Mid Penn will acquire Brunswick in a combination cash and stock transaction valued at approximately $53.9 million (based upon Mid Penn’s closing stock price of $30.95 for the trading day ending December 19, 2022).

Hunter Street, a Minneapolis-based alternative investment management firm, has partnered with Five Crowns Credit Partners ("Five Crowns") to provide $15.5 million in financing to support Metar Capital's acquisition of Ready Made Builders Supply ("Ready Made"), a manufacturer of trusses, doors, and cabinets in the Salt Lake City market.

Core Scientific, Inc., a leader in high-performance blockchain computing data centers today announced that, after a comprehensive review of potential alternatives and exhaustive discussions with various Company stakeholders, the Company expects to enter into a restructuring support agreement with the Ad Hoc Noteholder Group, representing more than 50% of the holders of its convertible notes. Core Scientific is being advised by Weil, Gotshal & Manges LLP as its legal advisor, AlixPartners, LLP as its financial advisor and PJT Partners LP as its investment banker.

Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to announce that it has extended the maturity date and re-established a credit limit of US$50 million in an amended and restated revolving credit facility (the “Revolver”) with Bank of Montreal (“BMO”). The Revolver includes an accordion feature providing up to an additional US$25 million of credit (the “Accordion”).

Obra Capital, Inc. (“Obra”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that it completed a super priority secured Debtor-In-Possession credit and security agreement with GWG Holdings, Inc. Obra, through Vida Insurance Credit Opportunity Fund III, LP and its related affiliates, agreed to provide a term loan credit facility in an initial aggregate principal amount of approximately $564 million and a revolving credit facility in an aggregate principal amount of up to $40 million.

Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the closing of a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package backed by accounts receivable and inventory as well as a term loan supported by equipment.

On December 6, 2022, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") announced its plans to complete a non-brokered private placement of approximately 3.1 million units ("Units") for total proceeds of $2 million (the "Offering"). The Company is pleased to announce that it has received subscription agreements for in excess of $4.2 million and that the Company intends to increase the size of the Offering and accept these additional orders.

CMCT (NASDAQ: CMCT and TASE: CMCT-L) announced today that it has entered into a new $206 million secured credit facility. The new facility matures in December 2025 with two one-year extension options and replaces the company's prior credit facility that was set to mature in October 2023.

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced that it has successfully expanded its credit facility by €230 million to €400 million. The new facility expires in December 2027.

Evans Transportation Services Inc. today announced it has closed a new credit facility with PNC Bank, N.A. The new larger credit facility will serve as a vehicle for supporting the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.

B. Riley Securities, Inc., a leading full-service investment bank, was pleased to serve as lead left bookrunner to the Lion Electric Company (NYSE: LEV) ("Lion" or the "Company") in its successful Follow-On Offering which resulted in gross proceeds of US$50 million to Lion Electric.

OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a leading financial technology platform that powers banks to help the everyday consumer gain access to credit, today announced that subsidiaries of the Company have closed a $150 million credit facility with an affiliate of Castlelake L.P. ("Castlelake") as lender. Affiliates of Hudson Cove Capital Management LLC ("Hudson Cove") are also participating in the credit facility.

Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the refinancing of Prototek Holdings LLC (“Prototek”), an existing portfolio company of TruArc Partners.