TSL Express Daily Articles & News

As an investment team member, Eric Petersen, who joined Abacus in 2013, leads structuring, underwriting, executing, monitoring, and valuing investments for the firm. Rafal Rydzewski, who joined Abacus in 2014, is involved as an investment team member with structuring, underwriting, executing, monitoring, and valuing investments for the firm. Austin Rendell, who joined Abacus Finance in 2019 as an Analyst, works as part of the investment team in structuring, underwriting. and executing new investments.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $46,424,626 in ABL/factoring financial solutions for 22 new clients; Crestmark Equipment Finance provided $34,752,249 in 35 new transactions; Crestmark Vendor Finance provided $11,852,158 in 116 new transactions; and the Government Guaranteed Lending group provided $107,950,000 in financing for six new clients in the month of December.

“OpsCompass, along with our solutions company, House of Brick, is entering an exciting phase of accelerated growth in our recurring business offerings,” said Nathan Biggs, OpsCompass CEO. “We are seeing increasing worldwide customer adoption of our Cloud Intelligence Platform and our Managed Cloud Services. SG Credit Partners showed the unique insight into our business to tailor just the right capital structure we need to meet our aggressive growth targets.”

Pete Lowney, President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit facility for a Florida-based signage manufacturer and installer.

The Simply Good Foods Company (NASDAQ:SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced that its indirect, wholly owned subsidiary, Simply Good Foods USA, Inc. and other wholly owned subsidiaries successfully received commitments and all necessary consents from lenders for a repricing of their existing $431.5 million outstanding term loan under the Credit Agreement, dated as of July 7, 2017 (the “Term Loan”) at par.

Jet Edge International, the Ohio-based private aviation company, has raised an additional $75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately $265 million over the past year.

Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) today announced that it has successfully closed on the previously announced credit facility (the “Credit Facility”) with Toronto-Dominion Bank and National Bank Financial as co-lead arrangers and HSBC Bank Canada, JP Morgan Chase Bank and Export Development Bank as lenders. The Credit Facility provides for a US$300 million, four-year senior secured revolving facility.

Regents Capital Corporation (Regents), a leading provider of equipment leasing and financing solutions to middle-market borrowers, announced the closing of a $25.0 million investment-grade rated corporate note financing provided by a consortium of prominent institutional investors. Brean Capital, LLC served as the company's exclusive financial advisor and sole placement agent in connection with the transaction.

Värde Partners, a global alternative investment firm, and Hawkins Way Capital, a vertically integrated real estate company, have formed a joint venture to acquire more than $1 billion of value-add and distressed hospitality and housing assets in major U.S. cities. The assets will operate under a Hawkins Way affiliate.

Cambridge Wilkinson ("CW") is pleased to announce the closing of a $150MM credit facility for an institutional caliber litigation finance lender which specializes in originating and underwriting loans that have a first priority claim on all revenues generated by the case collateral.

Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies ("Accord") (TSX: ACD) announced the hiring of Todd Eubanks as SVP, Underwriting and Portfolio Risk. As a member of the Executive Leadership team, he will be responsible for setting the direction of the company’s credit risk functions, culture and policies, helping to advance Accord’s credit strategy and the processes and controls designed to mitigate risks within the loan portfolio.

Big Shoulders Capital provided a $1,500,000 equipment term loan to a Utah-based resort developer. The loan was secured by the developer’s fleet of construction equipment.

The KeyBank 2022 Financial Mobility Survey, released today, finds many Americans are reconsidering their work and financial priorities, with two-thirds (62%) of respondents indicating that work-life balance is more important to them than a high-paying salary (22%). While the desire for greater work-life balance exists, only a quarter (25%) of Americans say they have experienced an improvement in their standard of living compared to 2020. These findings highlight a shift in mentality as Americans take steps to overcome obstacles and re-align priorities for financial mobility.

Middle market private companies in the Golub Capital Altman Index experienced EBITDA growth of 22% and revenue growth of 21% in October and November 2021 compared to their October and November 2019 earnings and revenue. The data in this report reflects the median performance of approximately 100 companies that were in the Golub Capital Altman Index in both periods. The comparison over a two-year period is intended to provide greater insight than the report's typical year-over-year analysis, given the impact of COVID-related lockdowns throughout much of 2020.

Fintech company Quartix, who provides a SaaS platform that unlocks digital Supply Chain Finance solutions to mid-size industrial companies, announced today it has successfully secured a $20M funding facility from two Fintech credit funds with a potential to increase the credit facility.

OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that we have completed the one-time adjustment of our syndicated credit facility effective December 31, 2021. Our aggregate commitment amount is now $366.8 million adjusted from the previous amount of $415.0 million.

Crown Partners LP, a debt advisory firm specializing in senior financings for US companies, announced the completion of a successful recapitalization of Arsenal Funding, a merchant cash advance provider. Headquartered in New York City, Arsenal has provided merchant funding to thousands of small businesses and corporate organizations since 2014.

US Capital Global is pleased to announce the promotion of Vanessa Guajardo to Chief Marketing Officer (CMO). Ms. Guajardo is responsible for leading all national and international marketing and PR activities, investor events, and investor relations of the group. As a member of the group’s Executive Team, she oversees a global marketing team in fifteen locations, with primary offices in San Francisco, Las Vegas, London, and Milan.

AssetMark Financial Holdings, Inc. (NYSE: AMK) announced today that it has entered into an Amended and Restated Credit Agreement with ten banks, led by Bank of Montreal as Administrative Agent and Sustainability Coordinator. The agreement provides for a $500 million Senior Secured Credit Facility, comprised of a $375 million revolving facility and a $125 million term loan.

Leading global professional services firm Alvarez & Marsal (A&M) Private Equity Performance Improvement has appointed Tamseel Butt a Managing Director within the Insurance and Risk Advisory Services practice. Mr. Butt’s hire reflects A&M’s ongoing commitment to helping companies and investors address current and future financial performance and operating risk concerns in a rapidly changing insurance marketplace.