TSL Express Daily Articles & News

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.

Brightwood Capital Advisors (“Brightwood”), a leading private credit firm, and PhenixFIN Corporation (“PhenixFIN”), a publicly traded business development company, announced today that they have provided debt and equity financing to support CCP Capital Strategies’ (“CCP”) acquisition of 100 percent of Wireless Maritime Services, LLC (“WMS”) stock from AT&T and Anuvu.

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of its Ares Special Opportunities Fund II, L.P. (together with Ares Special Opportunities Fund II (Jersey), L.P. and each of their parallel vehicles, “ASOF II”). With strong global investor support, ASOF II closed at its hard cap with $7.1 billion of commitments, including General Partner commitments, which far surpassed its $4.0 billion target.

A food and beverage company had large orders from big box retailers they needed to fill. They had been working with a factoring company but needed additional working capital to fulfill the orders. The factoring company recommended reaching out to Gateway Trade Funding to see if purchase order funding could work with their existing financing and fill the funding gap.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the upsizing of their senior secured credit facility with WinCup, Inc., a leading manufacturer of traditional and sustainable disposable foodservice to-go ware, including phade® PHA straws. WinCup is a portfolio company of Atar Capital.

Kitchen Cabinet Designers, LLC, dba Kitchen Cabinet Distributors, was founded in 2007 and imports and distributes kitchen & bathroom cabinets and accessories throughout the US with regional locations in Raleigh, NC; Orlando, FL; Houston, TX; and Reno, NV.

GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated (i) a $1,770 million tranche of term loans maturing in 2029 (the "Replacement Term Loans"), the proceeds of which will be used to refinance all outstanding Tranche B-2 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017.

René Douville has been appointed Special Advisor to the Heads of BMO Commercial Bank, Canada. Mr. Douville's appointment follows seven years as Head of Corporate Finance in Quebec and a successful track-record overseeing the growth of BMO Commercial Bank in the province. In his new role, Mr. Douville will continue to work closely with our BMO Capital Markets' partners and Private Wealth's heads of family-run businesses. The appointment is effective November 1st.

Sound Point Capital Management (“Sound Point”) is pleased to announce that it provided an Accounts Receivable Facility for Centric Brands (“Centric” or the “Company”), a leading global lifestyle brand collective that designs, sources and markets branded products in the apparel, accessories, beauty and entertainment categories. The transaction refinances and upsizes a similar facility that was previously held by Sound Point.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Rainer Hepberger has joined the firm as a Managing Director in its European Healthcare team. He will be based in the firm’s London office.

Avant Brands Inc. announced today that 1000343100 Ontario Inc. (the "DIP Lender"), an entity of which Avant owns 50% of the issued and outstanding shares, has executed a term sheet with The Flowr Corporation and its subsidiaries, The Flowr Group (Okanagan) Inc., The Flowr Canada Holdings ULC and Terrace Global Inc. pursuant to which the DIP Lender will advance a debtor-in-possession ("DIP") loan in the amount of $2,000,000 (the "DIP Loan") in connection with the Flowr Group's application for protection from the Ontario Superior Court of Justice (Commercial List) (the "Court") under the Companies' Creditors Arrangement Act (the "CCAA").

Global FinTech Capital on Tap has secured a $110 million corporate revolving credit facility and said it will use the funding to build a central finance hub that will help small businesses in the United States and the United Kingdom manage all aspects of their business finances.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm providing senior debt to healthcare services and life sciences companies worldwide, today announced the closing of a $124.75 million senior credit facility for the acquisition of four Autumn Lake Healthcare Skilled Nursing Facilities (“Autumn Lake” or “the Company”) located in Maryland containing 520 licensed beds.

Insmed has entered into a $350 million senior secured term loan agreement with funds managed by Pharmakon Advisors, LP, a leading investor in non-dilutive debt for the life sciences industry and the investment manager of the BioPharma Credit funds (the "Term Loan"). The five-year Term Loan matures in October 2027. The Term Loan bears interest at a rate based upon the secured overnight financing rate (SOFR), subject to a SOFR floor of 2.5%, in addition to a margin of 7.75% per annum.

Flexport Capital, the trade financing arm of Flexport, today announced it has secured a credit facility of up to $200 million from separate insurance accounts managed by KKR, a leading global investment firm. The credit facility will allow Flexport Capital to continue to build an industry-leading financing product within the Flexport Platform, and to further invest in client growth and geographic expansion.

Castlelake, L.P. ("Castlelake"), a global alternative investment firm with approximately 17 years of experience investing in, financing and managing aviation assets, today announced that it has deployed $100 million through two ne transactions in its Aviation Lending Program.

SR Alternative Credit, LLC (“SRAC”), formerly Old Hill Partners, today announced a deal that provided $10 million in the form of a senior secured one-year term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among other transportation equipment.

Tricida, Inc. (Nasdaq: TCDA) announced today that it has entered into a debt facility with Hercules Capital, Inc. (NYSE: HTGC), a leader in customizing debt financing for companies in the life sciences and technology-related markets. The total amount of the debt facility is $125 million of which $100 million will be available for drawdown at Tricida’s option subject to the achievement of certain milestones.