TSL Express Daily Articles & News

AustralianSuper, Australia's largest superannuation (pension) fund, today announced a new partnership with Churchill Asset Management ('Churchill'), with an initial instalment of US$250 million, intended to grow substantially over time. The partnership will invest in traditional senior and unitranche loans to private equity-backed U.S. middle market companies.

TD Bank, America's Most Convenient Bank®, announced today that it has named Sheryl L. McQuade as the Regional President of its New England Metro. In this role, McQuade will lead TD Bank’s New England consumer and small business, commercial, and middle-market banking and lending services throughout a network of approximately 310 stores and nearly 2,900 employees in the greater New England region.

Bridge Bank today announced it closed a $10 million line of credit, back in October, to fuel the growth of Xeal, a technology company that’s making electric vehicle (EV) charging more reliable and accessible for building developers and owners in addition to EV owners.

CIBC (TSX: CM) (NYSE: CM) Asset Management today announced that it is expanding its strategic relationship with Ares Management Corporation ("Ares") (NYSE: ARES) to add strategies that invest in global private credit markets. Ares is currently the sub-advisor to the Renaissance Floating Rate Income Fund.

CIBC Innovation Banking is pleased to announce the lead arrangement of a $45 million syndicated debt financing for Atlanta-based Azalea Health, a leading provider of electronic health records and revenue cycle management for community-based healthcare providers.

B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley"), a diversified financial services platform which is one of the largest creditors of Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or "the Company"), today issued an open letter to Core Scientific shareholders and lenders.

Aziyo Biologics, Inc. (Nasdaq: AZYO) (“Aziyo”), a biologics company with a portfolio of regenerative products aimed at improving compatibility between medical devices and the patients they treat, today announced that it has received an additional $4 million term loan from SWK Holdings Corporation, a healthcare-focused investment firm.

Kindred utilises the one-year extension option of the revolving facility agreement previously signed in November 2021 and thereby extends the existing financing until November 2025. The total committed facilities will also be increased by EUR 40 million by utilising the accordion feature and at the same time the group of lenders will be broadened.

Lendbuzz, the AI-based fintech company that is revolutionizing the auto finance market, announced today that it closed a $135 million credit facility with Regions Bank. Lendbuzz intends to use the funds to fuel the continued growth of its dealership floor planning portfolio—which doubled with the recent acquisition of Shamrock Finance—and to increase the number of borrowers its proprietary, AI based auto finance platform serves.

BillionToOne, Inc., a molecular diagnostics company with a mission to create powerful and accurate tests that are accessible to all, announces it has secured an additional $48.5 million of funding from existing equity investors as well as upsized its Term Loan Facility with access to up to $35 million, with its existing lender, Bridge Bank.

Winston & Strawn represented NTG, LLC, the franchisor of the Nick the Greek (NTG) restaurant chain, in the sale of its controlling interest to Anil Yadav’s YTG Enterprises LLC (YTG). The founding management team will continue running NTG and retain a substantial minority stake in the current 48 franchise units in operation and approximately 70 units in the development pipeline.

GemCap Solutions (“GemCap”), a leading non-bank capital lender providing working capital solutions, today announced that it had provided a $7MM line of credit to Solstice Sunglasses (“Solstice”), the second largest sunglass retailer in the United States.

VSS Capital Partners (“VSS”), a private investment firm that targets the healthcare, education, and business services industries, today announced the successful final close of VSS Structured Capital Fund IV (“VSS SC IV”) at $530 million, exceeding its target of $400 million. The fund received strong support from existing as well as new institutional investors, including insurers, pensions, asset managers, foundations, endowments and select family offices.

Aequum Capital is pleased to announce it recently closed a $10,000,000 revolving credit facility to a Midwest based industry-leading, plastic injection molder parts manufacturer. The Company has a diversified customer base serving the automotive, agricultural, construction, and food services industries.

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it has amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by US$50 million to US$250 million. The maturity date of the credit facility remains unchanged and matures in November 2025.

Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced a corporate rebranding, which includes the changing of its name to Obra Capital, Inc. (the “Company” or “Obra”), as part of the Company’s ongoing business evolution.

Sekou Kaalund has joined U.S. Bank in a newly created role as the head of branch banking, a leadership role within Consumer & Business Banking responsible for the 2,200+ branches as well as the consumer and small business bankers spread out across 26 states. The bank’s branch and small business presence on the West Coast will expand further in 2023 upon full conversion of its acquisition of MUFG Union Bank.

Gordon Brothers, the global advisory and investment firm, has transformed and sold the global ORSAY brand, archives, and related trademarks and other intellectual property to a private investor from the Czech Republic operating under Orsay International.

AmeriFactors Financial Group, LLC is pleased to announce the following recent deals through their accounts receivable financing facilities: $1,600,000 to a software company located in Delaware; $200,000 to a mechanical company located in Arizona; $1,000,000 to an underground utilities company located in Texas; $1,500,00 to an energy company located in Georgia; $500,000 to a food supply company located in Nevada...

The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today announced that it has successfully amended the Company’s existing credit facility to provide an additional $50 million delayed draw senior secured term loan to its existing $25 million term loan and $12 million revolving credit facility.