TSL Express Daily Articles & News

The company this week announced that it has secured a scalable facility underwritten by mandated lead arranger ING Bank, as well as ABN Amro, Crédit Agricole CIB, The Bank of Nova Scotia, National Westminster Bank Plc, Banco Santander, and UniCredit Bank AG. The package consists of €525 million ($579m) in committed debt financing and a further €200 million ($221m) uncommitted accordion. The financing also includes sustainability-linked targets focused on efficiency and renewable energy usage.

First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced today that W. Todd Ross has been hired as Market President for the Roanoke Valley Region. Todd will be responsible for all lines of business banking, and business development, while partnering with other core functions such as retail, treasury, and mortgage banking.

Briar Capital Real Estate Fund (www.BriarCapital.com) announced it has provided a $4.35 million real estate term loan to a contract manufacturer in North Carolina providing utility enclosures/shelters and metal finishings for the automotive and HVAC industries to customers across North America.

Barclay Damon announces Christopher Babiarz, associate, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. His primary office is Syracuse. Babiarz focuses his practice on commercial real estate transactions, including purchases, sales, lending, and title work, from inception to closing.

The financing consists of an $18 million senior secured revolving line of credit plus a $7 million accordion to refinance existing debt, finance an acquisition, and support working capital.

Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) is now offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal.

Trinity Capital Inc. (NASDAQ: TRIN, TRINL), a leading provider of diversified financial solutions to growth-stage companies, today announced a $40 million facility to support the growth of Convergent Dental, Inc., the power behind Solea®, the world's first computer-aided all-tissue CO2 dental laser.

The acquisition is not subject to any financing conditions and Casella expects to fund the purchase price through a combination of cash on hand, revolving credit facility borrowings, and from a planned new Term Loan A under its existing senior secured credit facility. Casella received a bridge financing commitment from Bank of America, N.A., BofA Securities Inc., JPMorgan Chase Bank N.A., Comerica Bank, and Citizens Bank, N.A.

Scott Boyle was named managing director, co-head of consultant relations at Marathon Asset Management. Based in New York, Mr. Boyle reports to Jason Friedman, partner and global head of business development, a spokesman said in an email.

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares Strategic Income Fund (“ASIF” or the “Fund”), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured, floating-rate loans to U.S. middle-market companies.

Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $35MM credit facility for a fourth-generation, family-owned Company based in Milwaukee, Wisconsin. The Company was founded in 1911 and has a long history of designing and selling on-trend and functional footwear and accessories.

CL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced it has entered into a $1,550 million sustainability linked revolving credit facility agreement. The initial term is for five years, with an option for the lenders to extend the period for another two years. The agreement is with a consortium of 12 international banks and replaces the previous revolving credit facility, which was entered into in 2018.

Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of USD 225 million and EUR 193 million. Funding will take place mid June this year and is subject to customary closing conditions.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $7.5 million credit facility for a Florida-based telecom field services firm. The company will use the additional working capital to support current operations and growth.

BizCap®, a national commercial finance and advisory firm, is proud to announce that it has raised over $30,000 for Team IMPACT, a national non-profit that matches children facing serious illness and disability with college sports teams, creating a long-term, life-changing experience for everyone involved.

CrossFirst was advised in this transaction by Raymond James & Associates, Inc. as financial advisor and Stinson LLP as legal counsel. Canyon was advised by Keefe, Bruyette & Woods, A Stifel Company as financial advisor and Hunton Andrews Kurth LLP as legal counsel.

Evercore (NYSE: EVR) announced today that Lyle Schwartz will be joining Evercore in late April as a senior managing director and head of the firm’s expanded Equity Capital Markets business in EMEA. Based in London, he will work closely with Jim Renwick, who will become chairman of Equity Capital Markets in EMEA, and senior leaders in both Europe and the U.S. to expand the firm’s Equity Private Placements capabilities in EMEA alongside its existing public equity advisory business.

J.P. Morgan Growth Equity Partners (GEP) has closed its inaugural Growth Equity Fund, with over $1bn in aggregate capital commitments to invest in growth stage companies across software, FinTech, real estate and consumer technology. J.P. Morgan Growth Equity Partners is the technology focused late-stage venture and growth equity investment arm within J.P Morgan Private Capital.

Texas Capital Bank agented and arranged a $125,000,000 senior secured debt facility to support the acquisition, refinance existing debt and provide growth capital to NPH.

Reliable Medical, a partner company of Seven Hills Capital, has acquired Capstone Medical Partners, a rehab and medical equipment provider based in Lakewood, Wash. Capstone Medical is focused on providing complex rehabilitation technology (CRT) and durable medical equipment (DME) to long-term care facilities. Twin Brook served as administrative agent on debt financing.