TSL Express Daily Articles & News

“Unquestionably, this year’s survey findings point to the critical role that a robust regulatory change management program—particularly one featuring an up-to-date regulatory library—plays in helping ensure compliance and addressing risk across a lending organization,” said Timothy R. Burniston, Senior Advisor for Regulatory Strategy with Wolters Kluwer Compliance Solutions.

KKR, a leading global investment firm, today announced the release of Regime Change: The Benefits of Private Credit in the ‘Traditional’ Portfolio by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA) and Racim Allouani, Head of Portfolio Construction, Investment Risk Management and Quantitative Analysis at KKR. The latest Insights piece follows the publication of Regime Change: Enhancing the ‘Traditional’ Portfolio, which urged investors to reexamine the traditional 60/40 portfolio construction model in order to protect their pricing power in a new investing environment.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small- and medium-sized business in the United States announces the completion of a $200,000 accounts receivable factoring facility with a new lumber millworks Company based in Arizona.

SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Brazi Bites, a leading U.S. brand of Latin-inspired foods.

Celtic Capital Corporation is pleased to announce that Timothy (Tim) Serritella has joined the firm as senior vice president-client development for the Central Midwest (Illinois, Iowa, Minnesota, Mississippi, Wisconsin). He’s been in the industry for over two decades and is firmly entrenched in the business community as an active member of the TMA, SFNet, ACG and ABI.

Republic Capital Access was introduced to a medical staffing company needing an asset-based working capital facility to finance several large awards. Complicating the company’s balance sheet were an existing SBA loan and expensive private debt.

Lighthouse Financial Corp. is pleased to announce the completion of a $3,675,000 credit facility to a North Carolina-based manufacturer of metal, tubular products. The company was originally set up to produce diesel injection lines and has since expanded to produce a full range of industrial products, supplying tubing solutions to some of the world's largest blue chip companies for over three decades.

Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Michael Guelfo to Managing Director, Commercial & Industrial, and Samantha Findley to Managing Director, Capital. ​ In his new role, Guelfo structures and executes large, multi-asset transactions within a broad cross section of manufacturing segments.

CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, Kansas.

William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, announced today that it has continued its investment banking growth in Europe with the opening of an office in Madrid and the addition of investment banking capabilities to the firm’s office in Zurich.

Kennedy Wilson’s real estate debt investment platform surpassed $3 billion in originations in just over two years, with a strong pipeline of new origination opportunities heading into 2023. Kennedy Wilson reached the milestone ahead of business plans, driven by lending on an unlevered basis, enabling the team to stay active while many traditional institutional lenders have reduced their origination capacity.

Marathon Asset Management, L.P., a global credit manager, today announced the closing of MAST 2022-1, its inaugural aircraft securitization. The transaction was privately issued and resulted in the placement of $304 million of debt backed by a pool of 15 Airbus and Boeing narrowbody aircraft, leased to ten different airlines across nine countries. The average age and lease term of the aircraft are 6.0 and 6.4 years, respectively.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Wpromote by private equity sponsor ZMC.

SunVest Solar LLC, a leading independent, vertically integrated solar business, is pleased to announce the closing of a $113 million debt facility led by Silicon Valley Bank, the bank of the world's most innovative companies, and $41 million of tax equity from Rockwood Group, through its partnership with Fortune 250 Guardian Life Insurance Company of America.

SLR Healthcare ABL is pleased to announce it provided a $3 million asset-based revolving line of credit to a men's primary healthcare provider in November 2022.

Triumph, a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands and a leading provider of working capital financing solutions to the transportation industry, announced today the appointment of Tim Valdez as president of its factoring division. In this new role, Valdez will now oversee the strategic direction of Triumph’s factoring vertical.

Luxury fashion resale platform Vestiaire Collective has signed a 75-million-euro sustainability-linked revolving credit facility (RCF) from Crédit Agricole CIB, Société Générale, HSBC Continental Europe, Bank of America and Goldman Sachs. The facility has an initial term of three years, which can be extended by two years.

Quasar Capital Partners, LLC is excited to announce that Karol Guerrero, a seasoned factoring finance executive with a superior track record of delivering results and creating value, has joined the company's leadership team as Chief Financial Officer and Controller.

Fundare Resources Company, LLC (“Fundare” or the “Company”) announced that it has entered into a credit agreement (the “Credit Agreement”) among Fundare Redtail, LLC (the “Borrower”) and a syndicate of lenders led by BOK Financial as administrative agent. KeyBanc Capital Markets served as joint lead arranger and UMB Bank served as syndication agent.

Following the consummation of the merger, PSB's bank subsidiary, Provident State Bank, Inc., will be merged with Summit's bank subsidiary, Summit Community Bank, Inc.