TSL Express Daily Articles & News

Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the closing of a senior secured revolving credit facility (the “Revolving Facility”) with BankUnited, Inc. The facility will provide the Company with a $25 million capacity over a two-year term.

Crédit Agricole CIB has appointed Ghislain Descamps as Senior Country Officer for Canada, effective March 2, 2022. Mr. Descamps most recently led the Multinational Corporation Coverage Team in the Americas based in New York City since 2014. In that position, he contributed to the strategic growth of the MNC business, culture, and global franchise while also developing a renewable energy and distributed generation international and US client base.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that its portfolio company Colibri Group (“Colibri”), a professional education company with leading brands that provide learning solutions to licensed professionals, has acquired Becker Professional Education (“Becker”) and OnCourse Learning.

SSG Advisors, LLC (“SSG”) acted as the investment banker to NITROcrete, LLC and its affiliates (collectively “NITROcrete” or the “Company”) in the sale of substantially all of its assets to an affiliate of Cryogenic Industrial Solutions, LLC (“Cryogenic”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Colorado.

The omicron variant and rising prices have taken a toll on both overall economic activity and consumer and business confidence over the past three months, according to the latest proprietary RSM US Middle Market Business Index.

Xeris Biopharma Holdings, Inc. (“Xeris” or “the Company”) (Nasdaq: XERS), a biopharmaceutical company developing and commercializing unique therapies for patient populations in endocrinology, neurology, and gastroenterology, today announced it has entered into a senior secured term loan agreement (“debt facility”) with funds managed by Hayfin Capital Management LLP (“Hayfin”) to provide Xeris with up to a total of $150 million of capital.

An accessories company had received a large order from a national retailer and needed letters of credit so their suppliers would ship the goods. They had just started working with a new factoring company that recommended partnering with Gateway Trade Funding for purchase order financing.

Schulte Roth & Zabel today announced that Ned S. Schodek has joined the firm as a partner in the Business Reorganization Group, based in the New York office. Ned focuses his practice on representing creditors (with a focus on fund clients), ad hoc creditor groups, debtors, acquirers of assets, and other parties-in-interest in large and complex prepackaged, pre-negotiated and traditional Chapter 11 bankruptcies, out-of-court workouts, debtor-in-possession financings, adversary proceedings, and broker-dealer liquidations.

Ensurem, a Florida-based insurance technology and distribution company, today announced that it has entered into a $100 million credit facility with DZ BANK. This facility refinances existing debt and allows Ensurem to meaningfully increase the marketing and distribution of Medicare Advantage and Medicare Supplement policies.

CIBC Innovation Banking is pleased to announce $12 million of growth financing for Dublin-based Phorest Salon Software (“Phorest”), a leading provider of online booking and management software for salon owners. Phorest will use the capital to expand its market growth and accelerate the launch of strategic products to deliver on its next-generation platform and machine learning initiatives.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Norwood Sawmills (“Norwood”) by private equity sponsor, GreyLion.

Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced a refinancing of a portion of its existing indebtedness. Sabre incurred no additional indebtedness as a result of the refinancing above the refinanced amount, other than amounts covering certain interest, fees and expenses. The refinancing has meaningfully improved Sabre's debt maturity profile.

People's Bank of Commerce is pleased to announce the recent hiring of William (Bill) Whalen as executive vice president and chief credit officer. Whalen joins People's Bank with almost 33 years of experience in the banking industry, of which 30 have been in Oregon. He most recently worked as senior vice president and chief credit officer for another Oregon based community bank.

Richard M. Adams, Chairman of the Board of United Bank (“United”), announced the Board’s approval of the promotion of Julie R. Gurtis to President effective April 1, 2022. Julie Gurtis currently serves as United’s EVP and Chief Commercial Banking Officer. In addition to managing Commercial Lending, she is responsible for overseeing Commercial Services, Business Banking, Loan Administration, Sales Management, and Marketing. Her 31-year career at United has included roles as Commercial Lender, Market President, and Regional President.

Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Mary Beth Henson has joined its Board of Directors (the “Board”) as an independent director. The Board has been expanded from nine to 10 members, including six independent directors.

The global law firm of Winston & Strawn LLP announced today that the Firm will close its Moscow office, citing the escalation of Russia's unprovoked invasion of Ukraine and the consequent ongoing violations of basic human rights and international law. This decision follows Winston's March 4 announcement that, in addition to complying with all applicable sanctions, the Firm would withdraw from the representation of Russian state-owned entities and any clients who the Firm reasonably believes have known ties to Russia's war efforts.

Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), a leading U.S. provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash.

EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT), a pharmaceutical company committed to developing and commercializing therapeutics to help improve the lives of patients with serious eye disorders, today announced that it has entered into a loan agreement providing for senior secured credit facilities in the aggregate amount of $45 million with Silicon Valley Bank to replace its existing credit facility with CRG Servicing LLC (CRG).

Hooters of America, LLC (the “Company,” or “HOA”) announced today that Hawk Parent, LLC, an indirect parent entity of the Company, has successfully closed on a credit facility (the “Credit Facility”) with an unaffiliated lender. The Credit Facility provides for a $70 million, 5-year senior secured term loan.

Truist Financial Corporation (NYSE: TFC) today announced that as part of a planned transition, William H. "Bill" Rogers Jr., Truist's chief executive officer, will become chairman of the board and Thomas E. Skains will become lead independent director. Both appointments are effective March 12, 2022. Rogers succeeds Kelly S. King, who will be stepping down from the role of chairman as previously announced. Skains succeeds David M. Ratcliffe. Both King and Ratcliffe will remain on the board.