TSL Express Daily Articles & News

When a travel company’s business picked up dramatically post-Covid, Accord Financial Corp., one of North America’s leading independent commercial finance companies ("Accord") (TSX: ACD) moved quickly to provide the company with the liquidity they needed to manage their fast-growing business.

Versana today announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Gareth Gibson will join the firm’s Transaction Advisory Services (TAS) team as a Managing Director to lead the business services industry segment within the Financial Due Diligence (FDD) practice. Mr. Gibson will be based in Houston and will join on April 3.

Wingspire Capital LLC (“Wingspire”) has agented a $125 million senior secured credit facility to an internationally recognized cosmetics company for the expansion of their complement of current brands, future product development, and potential acquisitions.

McGuireWoods is bolstering its global banking and finance capabilities with the arrival of London partner Alan Holliday, who returns to the firm’s highly ranked debt finance practice after serving in a senior legal role at a leading UK financial institution.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized businesses in the United States announces the completion of a $750,000 Accounts Receivable Factoring Facility with a privately-owned Specialty Maintenance and Welding Services Company.

Global law firm Norton Rose Fulbright announced today that corporate, M&A and securities partner Yan Zhang, who has extensive cross-border transactions experience, has joined its San Francisco office. Coming from Baker Botts, Zhang represents public and private companies in corporate and securities matters along with the financial institutions that invest in or provide services to them.

TradeCap Partners closed a $1,500,000 purchase order finance facility to a growing, West coast-based beauty products company. The facility will support fulfillment of large retail orders for multiple SKUs.

In early March, Big Shoulders Capital provided a $1MM term loan for a plastic injection molder with an automotive customer concentration. The loan was secured by machinery, equipment, and real estate.

CIBC Innovation Banking announced today that it has provided $40 million in growth capital financing to Viz.ai to expand the San Francisco-based company’s AI-powered care coordination platform and fuel its expansion, including potential acquisitions.

CenterPoint Energy, Inc. (NYSE:CNP) announced today that its natural gas distribution, pipelines and gathering operations subsidiary, CenterPoint Energy Resources Corp. (CERC), recently closed on a $250 million credit facility. This new, three-year credit facility, which closed on March 23, has a fully drawn cost of LIBOR plus 150 basis points at existing credit ratings.

Sidley represented Apollo affiliated entities (“Apollo”) in respect of a US$1.25 billion financing to R.R. Donnelley & Sons Company. Apollo served as lead left arranger and administrative agent in the syndicated senior secured Term Loan B transaction.

US Capital Global announced today that it has further expanded its range of custom bridge finance solutions for middle market businesses. Headquartered in San Francisco with primary offices in Dallas, Philadelphia, Miami, London, Milan, Zurich, and Dubai, US Capital Global is a full-service global private financial group with an established track record in corporate finance, asset management, and capital formation services.

The term loan amendment provides for an additional tranche of $2.5 million funded at closing to pay final interest and prepayment fees associated with the existing facility, increasing the total term loan to $47.5 million at closing. The amendment extends the maturity date to April 30, 2028, with monthly interest-only continuing to May 1, 2025, when principal amortization begins.

Nomura Private Capital ("NPC") is pleased to announce the launch of its first investment product, the Nomura Alternative Income Fund (NAIFX). NPC's inaugural fund marks a significant milestone in Nomura's global push into private markets - a top priority for the firm. To underline its commitment further, Nomura has provided an initial $100 million to seed this fund.

SageSure, a leading provider of catastrophe-exposed property insurance, today announced the close of a $50 million expanded revolving credit facility with its new commercial banking partner Wintrust Financial Corporation (“Wintrust”). The funding will enable SageSure to increase underwriting capacity in the catastrophe-exposed markets it currently serves.

Harrow (Nasdaq: HROW), a leading U.S. eyecare pharmaceutical company, today announced that it has entered into a $100 million secured credit financing agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”). The interest-only secured credit facility carries an interest rate equal to the three-month secured overnight financing rate (SOFR) plus 6.50%, includes flexible terms and covenants, and is expected to mature in approximately three years.

Solifi™, a global fintech software partner for secured finance, announced that Merchant West Group, a leading privately-owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on the Open Finance Platform.

Greystone Monticello, a bridge lending platform intended to serve as a one-stop shop provider of capital finance products and services for the senior housing, healthcare and multifamily sectors, announced the closing of $201.3 million in total capital financing for a portfolio of New Jersey-based skilled nursing facilities. The financing comprised a $191.3 million healthcare bridge loan and a $10 million working capital facility on behalf of Peace Capital.

Tradewind Finance today announced the successful completion of EUR 18 million in new funding for a silicon metal producer that is at the forefront of sustainable innovation in the industry. The firm's tailor-made financial solution, which includes credit protection, will deliver immediate working capital to the silicon maker to invest in their business and enable them to trade smoothly and securely.