TSL Express Daily Articles & News

Katten's Insolvency and Restructuring practice was honored three times during the Global M&A Network's presentation of the 14th Annual Turnaround Atlas Awards, which are a celebration of excellence among "the best value-creating transactions, outstanding firms, professionals and leaders from the global restructuring, insolvency, and distressed investing communities."

Regis Corporation (NYSE: RGS), a leader in the haircare industry, announced today that it successfully amended its credit facility and extended the maturity date from March 23, 2023 to August 31, 2025. Under the amendment, the revolving credit facility was converted to a $180 million term loan and $55 million revolving credit facility with the minimum liquidity covenant reduced to $10 million from $75 million

CIT, a division of First Citizens Bank, today announced that Diana Jackson has joined its Equipment Finance-Industrial business as a vice president and national business development officer. In this role, Jackson will be responsible for developing and maintaining vendor programs with OEM’s and very large dealers in the construction, transportation, material handling and manufacturing sectors.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced that Vivek Misra has been appointed to serve as Executive Vice President, Chief Compliance Officer, effective immediately.

atai Life Sciences N.V. (Nasdaq: ATAI) (“atai”), a clinical-stage biopharmaceutical company aiming to transform the treatment of mental health disorders, today announced that the company has entered into a term loan facility for up to $175 million with Hercules Capital, Inc. (NYSE: HTGC).

SAS AB shares jumped in Stockholm trading after the Scandinavian airline reached a key goal in its restructuring plan by obtaining a $700 million loan from U.S. private equity firm Apollo Global Management Inc.

HYPERAMS, LLC is pleased to announce the completion of the e-commerce liquidation sale of The Grommet. The liquidation, which was conducted entirely via the company’s website, was highly successful and generated significant cost recovery for the business’ ownership.

King & Spalding announced today that partner Jamie Dycus has joined the firm’s Trial and Global Disputes practice group in the New York office. Dycus represents financial institutions and other commercial clients in a variety of complex litigation, regulatory and enforcement matters.

The 2nd version of Don’s Clarke’s book, Asset Based Lending Disciplines, is available today. Donald Clarke is a world-renowned scholar and teacher on the disciplines of asset-based lending. This updated and well written book, covers all aspects of asset-based Lending and filled is with vital information that will help ABL professionals become efficient and effective in the ABL industry.

Against a background of higher raw material prices and delivery volumes, the Oryx Stainless Group is increasing its financial flexibility with a syndicated credit facility in the amount of 125 million Euros, replacing the existing facility at an early stage.

MVB Financial Corp. (“MVB,” “MVB Financial”) (Nasdaq: MVBF), the holding company for MVB Bank, Inc. (“MVB Bank”), announced today that it has entered into a definitive merger agreement pursuant to which MVB will acquire Integrated Financial Holdings, Inc. (“IFH”) (OTCQX: IFHI) in an all-stock transaction. Stephens, Inc. served as financial advisor and Squire Patton Boggs (US) LLP served as legal advisor to MVB. Raymond James & Associates, Inc. served as financial advisor and Wyrick Robbins Yates & Ponton LLP served as legal advisor to IFH.

J D Factors announced it provided the following: $150,000 to a transportation company in Texas;$100,000 to a transportation company in Alberta; $250,000 to a transportation company in Ontario; $500,000 to a transportation company in Ohio; $200,000 to a transportation company in New Jersey

Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today that Jordan Lee has joined the firm as a Principal to expand Kian’s capacity for making new investments and continue to grow its operations and origination capabilities.

Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.

H.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with over $50 billion of capital under management, is pleased to announce that Carlos Soto has joined the firm as a Managing Director and Head of U.S. Private Equity Business Development.

King & Spalding announced today that Marisa Sotomayor has joined the firm as a partner in its Corporate, Finance and Investments (CFI) practice group. Sotomayor is based in New York.

SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced that Tom Bausano has joined the firm as Managing Director, Co-Head of Debt Capital Markets and Debt Syndicate. In this role, Tom will work closely with the firm’s debt capital markets business, providing his expertise and leadership to help drive further growth for this area.

Mitsubishi UFJ Financial Group (MUFG) announced today the formation of a Direct Lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions.

CIT Commercial Services, a subsidiary of First Citizens Bank, today announced that it has completed a $75 million factoring facility on behalf of a consumer products wholesaler. CIT worked with the client to arrange a factoring facility to replace an existing asset-based lending facility with another lender.

Citizens announced today that its Commercial Real Estate Finance team led a $67.3 million construction loan to Trinitas Ventures for the development of a new 286-unit, 750-bedroom student housing project near the University of Central Florida in Orlando, Fla. Citizens is Sole Lead Arranger, Sole Bookrunner and Administrative Agent.