TSL Express Daily Articles & News

Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the add-on acquisitions of Blue Star Security (“Blue Star”), ControlByNet, and MG Security Services, by Protos Security (“Protos”), an existing portfolio company of Southfield Capital.

Endodontic Practice Partners (EPP), a Nashville-based specialty partnership organization, announces the securing of an additional debt facility to expand its growing partnership of endodontic practices. The transaction, which closed on November 2, with Twin Brook Capital Partners ("Twin Brook") and sponsored by RC Capital, raised an additional $100 million of committed debt financing to continue the growth of EPP.

InterNex Capital provided a $500,000 line of credit to a management consulting and facility Support Services company specializing in nuclear science and disaster recovery. The 5-year-old company required a lending partner to capitalize on the surge of nuclear energy projects in the market.

FitLife Brands, Inc. (“FitLife” or the “Company”) (OTCPK: FTLF), a provider of innovative and proprietary nutritional supplements for health-conscious consumers, announced that it has entered into definitive documentation to acquire all of the issued and outstanding common shares of Mimi’s Rock Corp. (“Mimi’s Rock” or “MRC”) (TSXV: MIMI, OTCQB: MIMNF), subject to customary closing conditions. FitLife plans to fund the consideration, the transaction costs, and the working capital investment using a combination of cash on hand and a new, committed term loan not to exceed $12.5 million to be provided by First Citizens Bank. In addition, in conjunction with the closing of the Arrangement, the Company intends to enter into a new upsized, undrawn $3.5 million revolving line of credit, which facility has already been approved by First Citizens Bank.

The global law firm Jones Day announced today that David Peavler, Director of the U.S. Securities and Exchange Commission (SEC)’s Fort Worth Regional Office, will join Jones Day as a partner in its Securities Litigation & SEC Enforcement Practice based in the Firm’s Dallas and Washington Offices. Mr. Peavler served for the last three years as Regional Director for the SEC office that covers Texas, Oklahoma, Arkansas and Kansas.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Helana Robbins Huddleston is joining Henrietta Fuchs as co-leader of the firm’s Manufacturing & Distribution practice. Together, they will help to drive practice growth and address the expanding needs of clients.

CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $27.78 million credit facility for Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic networking products.

ZCG Consulting (“ZCGC”), the business consulting platform of ZCG and a results‐oriented management consulting firm for middle market businesses, today announced the hiring of Francesco Meloni as Partner and Head of Strategic Finance.

Novan, Inc. (“the Company” or “Novan”) (Nasdaq: NOVN), today announced that EPI Health, LLC, a fully consolidated subsidiary of the Company, has signed an accounts receivable-backed factoring agreement, to support its operations, with Bay View Funding, a wholly owned subsidiary of Heritage Bank of Commerce (Nasdaq: HTBK).

Wilmington Trust, the leader in corporate, institutional, and global capital market services, today announced five new team members have joined the CLO division – Ann Cung, Jeremy Edmiston, Jack Lindsay, Ana Perkovic and Wolf Thiele. This marks 22 hires thus far in 2022, as the division continues its commitment to attracting top talent to service the thriving CLO marketplace and growing Wilmington Trust client base. They will report directly to Richard Britt, CLO Product Division Leader.

EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that the Company successfully refinanced its existing credit facilities on December 1, 2022. The new credit facilities consist of an expanded $200 million revolving credit facility and a $415 million term loan A, both of which are due on December 1, 2027. Proceeds from the new term loan and a $50 million draw on the revolving credit facility were used to repay in full the Company’s existing term loan A and term loan B.

Bank of Montreal (BMO) (NYSE: BMO) (TSX: BMO) announced today it has completed the acquisition of Radicle Group Inc., a Calgary-based leader in sustainability advisory services and market-based solutions, and technology-driven emissions measurement and management. Radicle's management team and staff will join BMO Capital Markets' Global Markets group, effective immediately.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Jenny Brusgul has joined the firm’s rapidly growing Global Consulting Solutions practice as Managing Director and ESG Practice Leader. In this newly created role, Brusgul will help CohnReznick clients manage ESG risk and develop and implement ESG strategies that deliver value to their stakeholders.

xiom Bank, N.A., a Maitland-based bank, has expanded its team with the hiring of Cheryl Hollingshead as Senior Vice President, Business Development Officer in its asset-based lending division headquartered in Dallas. ​ Hollingshead brings over 20 years of experience in asset-based lending and commercial finance. In this new role with Axiom Bank’s Commercial Finance division, she will oversee development of business in the Western United States.

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that it has refinanced its US$120 million secured project financing facility, of which only US$90 million was drawn, with a new US$120 million senior secured credit facility (the "Credit Facility") through a syndicate of lenders comprised of The Bank of Nova Scotia (the "Administrative Agent") and Bank of Montreal.

Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it has provided a venture loan facility to Groundspeed Analytics, Inc. (“Groundspeed”).

Miller served as Chief Credit Officer since 2013 when he joined the company. In his new role, he will be responsible for the institutional and commercial banking divisions. Miller will retain oversight of the bank's credit related activities and continue to serve as a member of the Investment, Finance, Credit, and Enterprise Risk Management Committees.

Upon the close of the Acquisition, NBNYC will be renamed Newtek BankTM, National Association (“Newtek Bank, N.A.”) and Newtek’s current portfolio companies Newtek Business Lending, LLC and Small Business Lending, LLC will be contributed to Newtek Bank, N.A.

The Company’s Credit Facility was jointly arranged by Wells Fargo Securities, LLC, BofA Securities, Inc., JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, and Truist Securities, Inc., with Wells Fargo Bank, N.A. acting as Administrative Agent, Wells Fargo Securities, LLC, BofA Securities, Inc. and JPMorgan Chase Bank, N.A. acting as Joint Bookrunners, and Bank of America, N.A. and JPMorgan Chase Bank, N.A. acting as Co-Syndication Agents. PNC Bank, National Association, Truist Bank, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA, served as Co-Documentation Agents.

New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company" or "NYCB") announced that its acquisition of Flagstar Bancorp, Inc. ("Flagstar" or "FBC") was completed earlier today, creating a regional banking franchise ranking among the top 25 banks in the country based on total assets. In accordance with the Agreement and Plan of Merger dated April 24, 2021, as amended on April 26, 2022 and October 27, 2022 by and among the Company, Flagstar, and 615 Corp. (the "Merger Agreement"), Flagstar merged with and into the Company and Flagstar Bank, FSB now operates as Flagstar Bank, N.A., with New York Community Bank having merged into Flagstar Bank, N.A.