TSL Express Daily Articles & News

5 Star Apparel, which styles and manufactures many of the best-known names in fashion, announced a new $125 million credit facility to support its existing operations and continued expansion. IDB Bank was the lead agent and one of three banks financing the credit facility.

Tiger Group is liquidating equipment from well-known movie chain Pacific Theatres, which operated theaters across the United States before filing for Chapter 7 bankruptcy in the wake of Covid-19 lockdowns. Bidding in the timed, online auction opens on Tuesday, February 15, at 10:30 a.m. and closes on Tuesday, February 22, at 10:30 a.m. (PT).

Wingspire Capital LLC (“Wingspire”) provided a senior secured credit facility to AvAir, LLC, (“AvAir”) a global supplier of aftermarket parts for commercial passenger and cargo aircraft. Since its inception in 2000, Arizona-based AvAir has developed a reputation as a nimble, knowledgeable and trusted provider of a broad variety of aircraft parts and components. The company used the proceeds to refinance an existing bank facility and for ongoing working capital needs.

KTC King Trade Capital (“KTC”) is pleased to announce the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company. The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares, and party supplies.

Northpoint Commercial Finance ("Northpoint"), a North American diversified financial services company, provided a $9.5 million senior secured revolving line of credit to support the acquisition of a food processor and distributor (the "Company") by a lower middle-market focused private equity firm.

Winston & Strawn represented Vistas Media Acquisition Company Inc. (NASDAQ: VMAC, VMACU and VMACW) ("VMAC"), a special purpose acquisition company, in connection with its business combination with Anghami Inc. ("Anghami"), the first legal music streaming platform and digital distribution company in the Arab world.

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, Foundation Wellness, manufacturer of aftermarket insoles, supplying footwear and foot care products to multiple companies and leading brands, has acquired Doctor Hoy’s Natural Pain Relief (“Doctor Hoy’s” or the “Company”).

The Company had recently secured a new license with exclusive distribution rights to the Canadian market. Shortly thereafter they landed a seasonal program with a major wholesaler for distribution in all doors throughout Canada. Despite their existing line of credit in place with a large Canadian bank, the size of the program required additional capital to support production with the licensors overseas supplier

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $75 million to VertexOne, a recognized leader in SaaS platforms for critical business processes of utilities across North America.

SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ: SGH) today announced that it has completed refinancing transactions via a $275 million Term Loan A Facility and a $250 million undrawn Revolving Credit Facility (collectively, the “Credit Facilities”).

In this role, Mr. Fisher is responsible for capital development and managing relationships with institutional investors across the globe. His role will also include product development, investor marketing, due diligence, onboarding, and ongoing customer service.

White Oak Global Advisors, LLC, (“WOGA”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively, “White Oak”), originated $2.1 billion of loan transactions across 133 companies in 2021.

FTI Consulting, Inc. (NYSE: FCN) today announced the addition of Jason Ho as a Senior Managing Director and Asia Leader of the Capital Solutions offering within the firm’s Corporate Finance & Restructuring segment, based in Hong Kong. FTI Consulting’s Capital Solutions team in Asia assists and provides solutions to corporates to enable opportunities such as acquisitions, refinancings and dividend recapitalisations.

CEMATRIX Corporation, a North American leading manufacturer and supplier of technologically advanced cellular concrete products, announces that it has entered into a new credit facility that provides for a $5 million secured revolving operating line with the Canadian Imperial Bank of Commerce.

Gordon Brothers, the global advisory and investment firm, has made a majority investment in Nicole Miller. The global, eponymous fashion and lifestyle brand was founded by Nicole Miller in 1982 and has become one of the premier names in American fashion. In addition to its womenswear collections, the company has previously partnered with leading licensees in numerous categories, including handbags, shoes, jewelry, fragrance and beauty, and home.

King Trade Capital (“KTC”) is pleased to announce the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company. The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares and party supplies.

Alterna Capital Solutions (Alterna), a specialty and alternative financing lender to small businesses experiencing growth, today announced a move into a larger office space as it continues expanding its best-in-class team focused on helping clients achieve greatness. The new office at 2420 Lakemont Avenue, Suite 350 near downtown Orlando will serve as the firm’s national headquarters as Alterna continues building a hub of growth capital influence extending from Central Florida to all regions of the United States.

Gerber Finance, an eCapital company and the leading finance partner for companies experiencing accelerated growth, today announced the closing of a $10MM line of credit to ZOA Energy. A better-for-you, clean energy drink created for the everyday warrior, ZOA Energy offers vitamins and nutrients that boost immune systems and provide a healthy dose of natural caffeine for focus, balance, and success throughout the day.

Resutek has served as Senior Vice President and Account Executive at Rosenthal since 2018, managing recourse and non-recourse factoring and asset based lending clients throughout the Southeast. Before joining Rosenthal through Rosenthal’s acquisition of BB&T’s factoring portfolio, he held similar roles in BB&T’s factoring and regional corporate banking groups for over ten years.

Customers Bank, a top 100 digital forward consumer and commercial bank with approximately $19.1 billion in assets, introduced a national Technology and Venture Banking Group to serve early, growth and late-stage technology companies as part of the bank’s continued strategic growth. The bank earned national recognition for its technology prowess and agility to create a hybrid fintech banking model that provided more than 325,000 PPP loans with an aggregate value of $9.5 billion to small businesses earlier this year.