TSL Express Daily Articles & News

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.

Winston & Strawn represented NexPoint Storage Partners, Inc., a self-storage platform affiliated with NexPoint Advisors, in the acquisition of 29 new, well-located, and high-quality self-storage properties developed by SAFStor. The acquisition brings NexPoint Storage to a total asset value of approximately $1.7 billion with 71 wholly owned and operating properties and one additional property expected to open in February 2023.

SLR Equipment Finance is pleased to announce Harold Amador has joined our company as a Vendor New Business Development Officer. In his role, Harold will help grow SLR Equipment Finance’s vendor platform through commercial strategy development. Harold was most recently with Toyota Industrial Equipment in Mexico City. Harold brings many years of account development, client relations and client focus to SLR Equipment Finance.

F.N.B. Corporation (NYSE: FNB) announced that it successfully completed its acquisition of Greenville, North Carolina-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank (Union). As a result of the acquisition of Union, FNB has nearly $44 billion in total assets, $29 billion in total loans and $35 billion in total deposits on a proforma basis.

Mercuria's North American operating entities ("Mercuria" or "the Company") are pleased to announce the successful closing of its US$ 3,400,000,000 multi-year senior secured borrowing base credit facility (the "Facility"). The Facility was over-subscribed, enabling Mercuria to increase the size by US$ 100,000,000. The joint and several borrowers are Mercuria Energy America LLC, Minerva Bunkering (USA) LLC, and Mercuria Commodities Canada Corporation (the "Borrowers").

Sallyport is delighted to confirm a combined $1,000,000 in financing for a Canadian importer of industrial pipes and flanges. The financing consists of $750,000 in accounts receivable funding and $250,000 purchase order finance, which will be utilized for ongoing working capital requirements, leaving the client free to increase their debtors and grow business in the region.

Assembled Brands is pleased to announce a new $1MM facility with innovative denim brand The Perfect Jean. The Perfect Jean mastered making incredibly comfortable and reasonably-priced men’s denim jeans with stretch and fabric that’s wearable all day, every day. These are not your regular jeans - the product’s versatility, quality, comfort and durability differentiate these pants from the rest.

-Applied UV, Inc. (NasdaqCM: AUVI) (“Applied UV” or the “Company”), a pathogen elimination technology company, announces today a $5 million secured revolving credit facility effective December 8, 2022. Borrowings under the revolving credit facility will be used for general corporate purposes and to advance Applied UV’s organic and strategic growth initiatives. The facility currently has no outstanding balance.

Struggling online fashion retailer Asos Plc and its lenders are discussing whether to hire a restructuring expert following the departure of its chief financial officer. A number of turnaround professionals held informal talks about a role, which would sit below executive level, but no decision has been made, according to people familiar with the matter.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) today announced it has amended and extended the majority of its operating credit facility consisting of its senior secured revolving credit facility and senior secured term loan A facility (the “Operating Credit Facility”) on December 6, 2022

Edge Capital Lending, LLC (“Edge”) announced today six new hires to support its rapid portfolio growth. Edge recognized that in this increasingly uncertain economic climate, speed and certainty to close have become even more important to its private equity and other referral partners. This recent addition of six new hires will allow Edge to continue to meet the timing and flexibility needs of its borrowers and lead sources.