TSL Express Daily Articles & News

Crossroads Financial announced it provided a $5.8 million inventory revolving line of credit for a producer, direct seller and distributor of wines.

White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as sole lender and administrative agent of a senior credit facility to California Specialty Pharmacy (“CSP” or the “Company”) to support the acquisition by Assured Healthcare Partners (“AHP”). CSP is a specialty infusion pharmacy platform focused on managed care.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced four senior-level additions to its Transactions and Turnaround advisory team, strengthening its capabilities to meet key client needs. Anthony (Tony) Enlow and Ryan McCaslin join the firm as partners in the Transactions group. Christopher Livingstone and Arthur Simonson join as Managing Directors in Project Finance and Consulting.

Gordon Brothers, the global advisory and investment firm, has provided Tuesday Morning a $10 million committed term loan to increase the company’s liquidity and support its continued growth. Tuesday Morning, a publicly traded off-price retailer of housewares, home furnishings and seasonal décor, will use the funds to refinance and pay off existing debt and for working capital purposes.

TI Consulting, Inc. (NYSE: FCN) today announced the appointment of Manoj Daga as a Managing Director in the Business Transformation practice within the firm’s Corporate Finance & Restructuring segment. Mr. Daga, who is based in New York, brings more than 25 years of experience leading large-scale transformations and managing global business operations across the mortgage, consumer finance, retail banking and payments industries, as well as private equity portfolio companies.

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that on June 7, 2022, it entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells Fargo, as administrative agent, and a syndicate of 14 lenders.

LiquidX, the leading global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets today announced a strategic investment from Citi, one of the largest trade finance banks in the world. The funding round was led by Broadridge, LiquidX’s largest strategic investor.

-Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, and one of the fastest-growing RIAs in the category, together with Snowden Lane’s majority investor, Estancia Capital Partners (“Estancia”), today announced that Snowden Lane secured an expanded $50 million credit facility from ORIX Corporation (“Orix”).

HireRight Holdings (NYSE: HRT), amended and upsized its revolving credit facility (the “Revolving Facility”), increasing the committed line under the Revolving Facility to $145 million, effective June 3, 2022.

TradeCap Partners closed a $1.75mm purchase order finance facility for a growing, better for you, consumer packaged goods company to support their expansion with Costco. After a successful regional launch, Costco issued orders for additional doors in new regions. The Company was in the midst of due diligence with an ABL lender but order delivery dates required an immediate bridge to get goods produced and shipped before the ABL could close.

Winston & Strawn represented the underwriter in connection with Prime Number Acquisition I Corp. (the "Company"), a newly organized blank check company incorporated as a Delaware corporation and led by Chairman and Chief Executive Officer, Dongfeng Wang, in the closing of its previously announced initial public offering of 6,450,000 units at an offering price of $10.00 per unit, which includes 450,000 units issued pursuant to the partial exercise of the underwriter's over-allotment option, for aggregate gross proceeds to the Company of $64,500,000.

CIT, a division of First Citizens Bank, has added seasoned real estate pro Ted Dalton as a Managing Director in its Real Estate Finance group. Dalton is based in New York and will operate as a senior relationship manager driving new business development offering construction, bridge and permanent loan solutions.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent $1.75 million purchase order financing facility to support a high-security printing and technology company working with the U.S. government.

LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Aterian Investment Partners (“Aterian”) to support the acquisition of ATCO Industries, Inc. (“ATCO” or the “Company”).

LSQ, a leading provider of working capital finance and payments solutions, recently originated a $1.5 million credit facility for a woman-owned industrial auto parts manufacturer and supply-chain management company. The company will use the additional capital to expand their operations.

Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) is pleased to announce the closing of a revolving credit facility with National Bank of Canada (“National Bank”) for US$40 million (the “Credit Facility”). In addition to the Credit Facility, National Bank has provided the Company with an up to US$15 million treasury line enabling additional access to funds for future zinc contract commitments.

-Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, announced today that its affiliates provided senior debt financing in support of Aterian Investment Partners’ (“Aterian”) acquisition of ATCO Industries, Inc. (“ATCO” or the “Company”). Founded in 1980 and headquartered in Sterling Heights, MI, ATCO is a leading provider of tech-enabled testing, measurement, and quality containment services, primarily to the North American automotive market.

American Homes 4 Rent (NYSE: AMH) (the "Company"), a leading provider of high-quality single-family homes for rent, and Värde Partners, a leading global alternative investment firm, today announced that they have entered into a land banking facility agreement. This facility provides $500 million in initial capacity to acquire and develop new land opportunities as part of American Homes 4 Rent's internal development platform.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Howard Steinberg has joined the firm as a Managing Director and Global Head of Tax Restructuring within its Financial and Valuation Advisory business. He is based in New York.

Stifel Financial Corp. (NYSE: SF) today announced several key hires within its Municipal Securities Group. John McShane, Edward Murray, Joseph Muscatello, and Michael Wolf join the firm’s top ranked Public Finance department as Managing Directors. Additionally, Rachel Perlman, Craig Burdulis, and Maryanne Kelly join the firm’s Municipal Capital Markets practice.