TSL Express Daily Articles & News

White Oak Global Advisors, LLC, (“White Oak”) announced it provided a $40 million term loan to Solace Capital Partners to support its acquisition of Sun Mountain Sports. In addition, White Oak Commercial Finance, LLC, an affiliate of WOGA, provided a $10 million ABL credit revolver to help meet Sun Mountain’s ongoing working capital needs.

CapStar Bank, a subsidiary of CapStar Financial Holdings, Inc. (NASDAQ: CSTR), announces the hiring of Richard Stone as Senior Vice President, Rutherford & Williamson Counties Market President, where he will lead business development and customer service initiatives across the region. The Bank currently has two locations (Brentwood and Murfreesboro) and four commercial relationship managers to serve the area and is poised to expand services and recruit additional bankers in 2022 to further deliver its best-in-class banking experience.

Leading international law firm Clifford Chance announced today the hiring of experienced structured finance attorney Leah Feldman as counsel in its US Structured Finance team. Feldman will focus her work on commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), collateralized loan obligations (CLO) and asset-backed securities (ABS).

Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leader in enterprise-level digital engineering services and solutions, today announced that it has obtained a new revolving line of credit facility with J.P. Morgan Chase Bank. The credit facility is up to an amount of $30 million for a period of three years. Grid Dynamics expects to use the loan proceeds to support its growth and operational objectives.

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 closed a $15 million venture loan facility to Secure Transfusion Services, Inc. ("STS"), of which Horizon funded $5 million of the initial $10 million draw.

Chowder, a home improvement-focused FinTech company providing flexible payment options to cash- and credit-constrained homeowners, has secured its first credit facility with Coromandel Capital. This $25 million facility, with the option to increase, allows Chowder to more rapidly scale its contractor, distributor, and manufacturer network. Chowder will also be able to expand the offering of its flexible payment options to the 25 million-plus homeowners who have limited or no access to credit for vital home improvement purchases.

Impel NeuroPharma (NASDAQ: IMPL), a commercial-stage pharmaceutical company developing transformative therapies for people suffering from diseases with high unmet medical needs, with an initial focus on the central nervous system, today announced two separate transactions with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) totaling $100 million in gross funding. The transactions include a $50 million royalty agreement on net sales of the nasal spray, Trudhesa™, and $50 million of senior secured debt.

Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of sustainable full life cycle water and chemical solutions to the U.S. unconventional oil and gas industry, today announced that it has successfully transitioned its existing Asset-Backed Loan facility into a Sustainability-Linked Loan facility, while extending the facility through March of 2027.

Scout Clean Energy ("Scout"), a Colorado based renewable energy developer, owner, and operator, is pleased to announce the closing of a $250 million revolving corporate credit facility ("facility"). The facility will primarily be used to fund pre-construction development and equipment expenses, PPA security requirements and other corporate expenses for Scout's rapidly growing pipeline of wind, solar and storage projects. Scout is a portfolio company of Quinbrook Infrastructure Partners.

DailyPay, a leading technology platform, today announced it has secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to significant capital to service its ever-growing roster of partners, which includes America's leading employers.

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced that its Strategic Direct Lending team has provided a $50mm credit facility to Cherry Technologies (“Cherry”) which enables medical practices to offer flexible payment plans to their patients. Additionally, Cross River will originate the loans through its comprehensive banking and technology platform, enabling Cherry to deliver greater and more efficient access to credit for patients nationwide.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital engineering services and solutions, today announced that it has obtained a new revolving line of credit facility with J.P. Morgan Chase Bank. The credit facility is up to an amount of $30 million for a period of three years.

From the first quarter Phoenix Management “Lending Climate in America” survey results reveals the majority of lenders anticipate geopolitical tension and an increase in interest rates to be the biggest economic headwind in 2022 Phoenix’s Q1 2022 “Lending Climate in America” survey asked lenders what the biggest headwind will be for 2022. Fifty percent of the lenders surveyed believe geopolitical tension will be the biggest headwind, while the other 50% of lenders believe higher interest rates will be the biggest headwind for 2022. Zero percent of lenders cited higher corporate taxes or the Omicron COVID-19 variant to be an economic headwind for 2022.

Schulte Roth & Zabel represented CarVal Investors L.P. in AllianceBernstein L.P. and AllianceBernstein Holding L.P.’s acquisition of CarVal. CarVal, a leading global private alternatives investment manager with approximately $14.3 billion in assets under management, brings complementary private markets capabilities to AB’s Private Alternatives business and augments the firm’s position as a market leader.

Demand from across the theater and professional AV industries drove strong results in Tiger Group’s February 22 auction of equipment from Pacific Theatres. The movie chain, formerly one of North America’s largest, filed for Chapter 7 bankruptcy in March 2020 in the wake of Covid-19 lockdowns. Tiger’s globally marketed online auction featured 297 lots of equipment, including projectors, a state-of-the-art LED screen, cinema monitors, servers, amplifiers, media blocks and even popcorn makers, all from an initial group of closed Pacific Theatres locations.

Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long term. Those are among the findings of a new survey of small and midsized business leaders conducted by The Harris Poll1 and sponsored by CIT, a division of First Citizens Bank.

Huntington Bancshares, Inc. (Nasdaq: HBAN) announced today that Brant J. Standridge will join Huntington as President of Consumer & Business Banking, effective in early April 2022. In this role, Standridge will have responsibility for Huntington's branch network, business banking, mortgage and home lending, and Huntington Financial Advisors, as well as the segment's digital strategies and priorities, along with risk management.

ArentFox Schiff is pleased to announce the expansion of its Corporate & Securities practice with the addition of counsel Gabriela E. Palmieri. After serving nearly a decade as the exclusive New York general counsel to a global, ultra-high-net worth family office and their US private companies, Gabriela will counsel clients on complex joint venture, private equity, venture capital, and real estate investments, as well as on the corporate governance of private companies.

Castlelake L.P. ("Castlelake"), a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, and Chesswood Group Limited (TSX: CHW), a specialty finance company with 40 years of experience in the commercial equipment finance market, today announced an agreement for the forward purchase of diversified equipment loan and lease receivables originated by Chesswood subsidiaries Pawnee Leasing Corporation and Tandem Finance Inc.

Versana today announced its plans to launch a leading-edge, industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion market. Versana's founding members are J.P. Morgan, Bank of America, Citi and Credit Suisse.