TSL Express Daily Articles & News

Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, today announced that it has successfully extended and upsized the Company’s existing credit facility to $13.5M with Wintrust Financial Corporation (“Wintrust”), a leading commercial bank headquartered in Chicago, Illinois.

Siena Lending Group LLC ("Siena") announces the completion of a $45 million asset-based revolving line of credit for Gladiator Energy LLC (“Gladiator”). The facility was provided to repay existing debt and to support the company’s growth initiatives. Based out of Houston, Texas, Gladiator provides coil tubing and ancillary services to large, well -known oil and gas customers operating in the Permian, Eagle Ford, Haynesville, and Marcellus basins throughout the US.

eCapital Corp. ("eCapital" or "the Company"), a leading finance provider for businesses across North America and the U.K., is pleased to share the appointment of Jennifer Palmer, CEO of eCapital Asset Based Lending, to President of the Secured Finance Network (SFNet), a leading industry organization for companies and professionals who deliver and enable secured financing to businesses.

TAB Bank is pleased to announce it has provided a beverage company based in British Columbia, Canada with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. In addition, the new facility from TAB Bank allows the company to move away from a smaller community bank and meet aggressive growth targets.

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment to facilitate the recapitalization of Elgin Industries, Inc. ("Elgin" or the "Company"), a fully integrated supplier of engine and chassis components to original equipment manufacturers and the aftermarket.

Republic First Bancorp, Inc. (NASDAQ: FRBK), the parent company of Republic Bank, promotes Steve McWilliams to Executive Vice President, Chief Lending Officer. Mr. McWilliams has spent over 30 years in the banking industry, previously serving as Republic Bank’s Market President for Philadelphia Metro for the last two years and 12 years as a Senior Lender.

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Kort Schnabel was appointed as Co-President. Concurrently, Michael Smith stepped down as Co-President and has been appointed to the Ares Capital Board of Directors. Mr. Smith will continue to serve as a member of the Investment Committee of Ares Capital’s investment manager. Mitchell Goldstein will continue in his role as Co-President of Ares Capital alongside Mr. Schnabel.

The syndication of the new facility was completed with Wells Fargo Securities, LLC, PNC Capital Markets LLC and Truist Securities, Inc. acting as Joint Lead Arrangers and Joint Bookrunners, PNC Bank, National Association and Truist Bank as Syndication Agents, and JPMorgan Chase Bank, N.A. and The Toronto Dominion Bank, New York Branch as Documentation Agents. Wells Fargo Bank, National Association, will serve as Administrative Agent, Swingline Lender and Issuing Lender.

Hamilton Grant LLC, an SEC-registered broker/dealer and member FINRA / SIPC, has enhanced its solutions, completed a corporate rebranding and expanded its team. The firm’s new website at hamiltongrant.com includes a secure, interactive client portal to facilitate efficient communication with its affiliates.

Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $2,500,000 stand-alone inventory revolving line of credit to an e-commerce retailer and wholesaler of athletic mats and flooring tiles. Started by a husband and wife from their garage, the company’s product was created out of the need for safe, reliable, and cost-effective interlocking foam mats. From an opportunistic idea, to selling to customers worldwide, the client has positioned itself as one of the leading companies in its space.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce one of its portfolio companies, Vertical Supply Group (“VSG”), recently acquired two respected U.K. arborist retail and product development organizations, Honey Brothers and TreeKit. These acquisitions further establish a U.K. and Western Europe beachhead for VSG and provide an owned channel in a well-known end market to drive VSG brands internationally.

LBC Credit Partners (“LBC”) and Sound Point Capital two of the leading providers of financing solutions to middle market companies, provided a $180 million senior secured credit facility to Greenbelt Capital Partners (“Greenbelt”) to support the acquisition of Unirac, Inc. LBC served as Agent and Lead Arranger for the senior secured credit facility. Sound Point Capital served as Co-Lead Arranger.

Cyprium Partners, a private equity firm focused on non-control investments in profitable middle-market companies, is excited to announce the promotion of three key leaders in the firm: Drew Molinari and Nick Stone to Partner, and Lisa Vulic to Chief Financial Officer & Chief Compliance Officer.

Advanced Power announces the close of a $60 million capital facility at its corporate level through Crédit Agricole Corporate and Investment Bank (CIB). The new line of credit enables Advanced Power to more expeditiously deliver its North American pipeline of renewables projects.

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 $17 million venture loan facility to Robin Healthcare, Inc. ("Robin"), of which $7 million has been initially funded.

In this new role, Kim oversees all aspects of the company’s finance and accounting functions, including financial reporting, accounting operations, budgeting and forecasting, funding, deposit operations, and asset liability management. Previously, Kim was responsible for all of Gateway’s capital markets and investment-related activities, including developing and executing investment, funding, secondary marketing strategies, servicing, and treasury operations.

Eiffel Investment Group and R.Power Investment B.V., a wholly-owned subsidiary of R. Power SA – a vertically integrated international solar photovoltaic power plants developer and independent power producer based in Poland – have entered into a loan agreement up to the amount of EUR 30 million (with an option to increase the loan amount to EUR 40 million) for a period of up to 18 months. The loan was granted from bridge financing funds managed by the French investor Eiffel Investment Group.

Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that the Company entered into an amended and restated senior secured revolving credit facility (the "Credit Facility"), which extends the maturity to October 19, 2027. The Credit Facility will have a borrowing base of $2.0 billion with an elected commitment of $1.5 billion.

Provident Bank, a leading New Jersey-based financial institution, has released the results of its 2022 National Labor/Staffing Shortage Survey. The survey includes insights from 1,000 hiring managers and department heads, small business owners, recruitment and talent acquisition specialists, and compensation and/or business managers, and explores how businesses are dealing with the effects of the labor shortage.

KKR, a leading global investment firm, and Mubadala Investment Company (“Mubadala”), a global sovereign investor, today announced the signing of a Strategic Partnership (the “Partnership”) that will see the two firms co-investing across performing private credit opportunities in the Asia Pacific (“APAC”) region.