TSL Express Daily Articles & News

Cerebro Capital, a commercial loan marketplace, today announced the appointment of John Robinson and James Paterson as Managing Directors of Credit Origination. Together, Robinson and Paterson will source credit opportunities among private equity firms, investment banks, and other advisors to the middle-market for placement on Cerebro's platform.

Northleaf Capital Partners (“Northleaf”), a global private markets investment firm, is pleased to announce the appointment of Michael Hyatt as a Senior Advisor supporting Northleaf’s venture capital and growth equity investment program. Michael will work alongside the Northleaf private equity and venture capital team to source and evaluate investment opportunities.

Founded in 1953, Alliance Precision Plastics is a value-added manufacturer of thermoplastic component parts. The Company sells primarily to the healthcare/hospital equipment, business office machine, consumer appliance, industrial equipment and sporting equipment markets. Learn more about Alliance by visiting allianceppc.com.

Following strong results in 2020, LiquidX’s insurance business continued its positive momentum by posting revenue growth of 600% and expanding its network to over 350 unique insurance platform users in 2021. This growth was largely driven by the adoption of the LiquidX Partner Program, a white label offering that enables clients across the Credit Insurance value chain – brokers, insurers, alternative risk providers, and insured parties – to digitize their operations by leveraging LiquidX technology.

LSQ, a leading provider of working capital and payments solutions, recently originated a $7 million credit facility for a technology hardware company in Washington. The company will use the additional capital to fund their projected demand growth for new and existing products.

Solifi today announced a collaboration with BlackBerry Limited that will integrate BlackBerry IVY™ with the company’s open finance platform to drive innovative, high-impact finance use cases for OEMs and automotive finance providers.

Schulte Roth & Zabel LLP represented Deer Park Road Management Company (“Deer Park Road”), an alternative investment manager, in the formation of Flywheel SFR Fund I LP (the “Fund”), a closed-end real estate fund that will pursue a single-family rental strategy.

LBC Small Cap provided senior secured credit facilities and an equity co-investment to support Susquehanna Private Capital’s (“SPC”) investment in Soccer Shots (the “Company”). LBC Small Cap served as Agent and Sole Lead Arranger for the senior secured credit facilities.

BizCap®, a national commercial finance and advisory firm, today announced it has successfully delivered a customized financing solution for its client, Pacific Recycling, Inc. This financing will be used to pay-off existing debt, with the remaining proceeds available as working capital to finance infrastructure expansion projects.

Moritt Hock & Hamroff LLP has announced that Michael Cardello III, a Partner of the firm, has been elected to serve as Vice Chair of the Commercial & Federal Litigation Section of the New York State Bar Association (COMFED).

SLR Business Credit provides a $5,000,000 asset-based revolving line of credit. The proceeds were used to repay the bank and provide additional ongoing working capital for the company.

SLR Healthcare ABL is pleased to announce it has provided a $3.5 million asset-based revolving line of credit for a skilled nursing operator in December 2021.

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that Philip Moore, Alessandro Luca and Anisa Dudhia have joined Ares to expand its real estate debt presence in Europe. These additions reflect a natural evolution of the Ares Real Estate Group’s 25-year track record in European real estate equity investing and its 10-year track record in U.S. real estate debt...Read More

Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Guillaume de Chalendar in the new position of SVP, Head of Media & Entertainment.

Audax Private Debt announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support CIVC Partners’ (“CIVC”) investment in InnovateMR (or the “Company”). Headquartered in Calabasas, CA, InnovateMR is one of the fastest growing providers of tech-enabled survey and sampling services to market research agencies, consulting firms, and corporations.

Blank Rome LLP is pleased to announce that David E. Kronenberg has joined the firm as an energy finance partner in the Finance, Restructuring, and Bankruptcy practice group and as a member of the firm’s cross-practice Energy Industry Team, and will be based in the firm’s Washington, D.C., and Cincinnati, OH, offices.

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 that on December 14, 2021 it led a $50 million venture loan facility to Nextcar Holding Company, Inc. dba Autonomy, a completely digital mobility offering that provides consumers with an affordable way to get access to a vehicle without long-term debt or commitment.

CIT, a division of First Citizens Bank, today announced that its Asset-Based Lending business arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund L.P. (the "FPA WhiteHawk Fund" or the "Fund") to facilitate the Fund's investments.

Gold Royalty Corp. said Monday that it has reached an agreement with a Canadian bank for a revolving credit facility of up to $25 million. The company said that the agreement with Bank of Montreal is for a $10 million secured revolving credit facility that includes an additional $15 million accordion feature.

LSQ, a leading provider of working capital and payments solutions, recently originated a $15 million credit facility to a new client. The client, a Florida-based food and beverage distributor, provides seafood and beverages to the cruise ship industry and required increased cash flow to help grow its business.