TSL Express Daily Articles & News

Kayne Anderson Private Credit (“KAPC”), the middle market private credit group of Kayne Anderson Capital Advisors, L.P., announced today it had successfully closed the firm’s fourth middle market senior credit fund, Kayne Senior Credit Fund IV (“KSCF IV”).

Glenn Agre Bergman & Fuentes LLP, the bankruptcy and trial law firm that launched in 2021, has taken a major step forward in its evolution with the addition of Kurt Mayr, most recently the head of the bankruptcy practice at Morgan Lewis & Bockius, LLP.

The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or “the Company”), holding company for The First Bank (“The First”), announced today that it has entered into a definitive agreement to acquire Beach Bancorp, Inc. (“BBI”), parent company of Beach Bank based in Fort Walton Beach, Florida.

Establishment Labs Holdings Inc. (NASDAQ: ESTA), a medical technology company focused on women’s health, initially in the breast aesthetics and reconstruction market, today announced that it has entered into a $225 million term loan financing facility with funds managed by Oaktree Capital Management, L.P.

AGP Group (“AGP” or “the company”), a global leader in the design and production of specialty automotive glazing components, today announced it has entered into a debt financing agreement with OMERS Capital Markets (“OMERS”) and BMO Financial Group (“BMO”) to provide up to US$250 million in a senior secured term loan facility.

IBI Investment House Ltd. (“IBI”), one of Israel's leading investment houses, announced the launch of IBI CLO Strategies Fund, a fund investing in collateralized loan obligation (“CLO”) debt, equity, and warehouses (the "Fund").

VOX Funding, an alternative finance company, announced today the closing of a $40M credit facility with funds managed by affiliates of Fortress Investment Group (“Fortress”). This 3-year term facility is expandable up to $75M and will be used to further VOX’s ability to fund short-term bridge capital to small-to-medium size enterprises (“SMEs”) nationwide.

Vobile Group Limited (SEHK: 3738;OTCQX: VOBIF), a global leader in Software-as-a-Service for online video content protection and monetization, has secured more than US$127 million in facility for its proposed acquisition of Particle Culture Technology Group in mainland China.

Bridge Bank today announced its Structured Finance Group has closed on credit facilities totaling $7.5 million for San Diego-based Blue Sky eLearn. Blue Sky eLearn, sponsored by McCarthy Capital, plans to use the funds as working capital to support its growth.

Annaly Capital Management Inc. agreed to sell its middle market lending portfolio to Ares Capital Management LLC, a subsidiary of Ares Management Corp. Ares Capital Management entered into a definitive agreement to acquire, on behalf of funds managed by Ares Management's credit group, the middle market lending portfolio from Annaly for approximately $2.4 billion.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization and future growth of Dealer Services Network (“DSN”) by private equity sponsor Frontenac.

Winston & Strawn represented Convene, the leading hybrid meeting, event, and workspace provider, in its recapitalization plan, led by HBC, a holding company at the intersection of real estate, technology and retail, and a fund managed by the Private Equity Group of Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager.

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the successful closing of a $3.5MM commercial real estate bridge loan for a troubled property located in Phoenix, Arizona. The property, which had been vacant since the onset of COVID-19, sustained fire damage during the vacancy period and was the subject of a foreclosure sale slated to take place in late March 2022.

InterNex Capital provided a $1.5 million line of credit to a technology company serving the construction industry and based in the Northeast US. The company sought a flexible funding facility to support their projected growth and capital requirements, and an integrated technology solution to enhance their overall working capital and receivables management processes.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to DSG Consulting, LLC on its sale to Corporate Visions, Inc., a portfolio company of The Riverside Company. DSG is a technology-enabled growth consultancy that helps B2B companies accelerate revenue growth through a modern video-based playbook approach

Rothschild & Co and JP Morgan have been identified as the top mergers and acquisitions (M&A) financial advisers in South & Central America region for Q1 2022, according to the latest Financial Advisers League Table by GlobalData.

JPMorgan Chase Bank, N.A. and Citibank, N.A. were the Joint Lead Arrangers and Joint Book Runners, with JPMorgan Chase Bank, N.A. as Administrative Agent, and Citibank, N.A. as Syndication Agent. BMO Harris Bank, N.A., Citizens Bank, N.A., KeyBank National Association and TD Bank, N.A. also participated in the Term Loan.

New Market Bank and Teslar Software today announced their partnership to streamline the bank’s commercial and consumer lending processes. The bank will leverage Teslar’s configurable lending process automation platform, starting with exceptions management.

Crossroads Financial, LLC announced it provided inventory revolving lines of credit for a manufacturer and distributor of art glass and tile and a manufacturer of upstream and midstream process and production equipment for the oil and gas space.

Fifth Third Bank, National Association, announced Art Weston will be rejoining the Bank in a newly created role to deploy artificial intelligence at scale delivering leading customer experiences in assisted self-service channels. As director of automated channel transformation, Weston will be responsible for developing and executing artificial intelligence capabilities into the Bank’s customer experience across all consumer channels.