TSL Express Daily Articles & News

Twin Brook Capital Partners (“Twin Brook” or the “Firm”), the middle market direct lending subsidiary of Angelo Gordon, today announced that it committed $3.5 billion to private equity sponsors in support of healthcare transactions last year, completing 60 healthcare transactions across 33 subsectors.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Spherix Global Insights (“Spherix” or “The Company”) by private equity sponsor Susquehanna Private Capital. Additionally, Monroe provided equity capital to support the transaction and future growth of the Company.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Spherix Global Insights (“Spherix” or “The Company”) by private equity sponsor Susquehanna Private Capital. Additionally, Monroe provided equity capital to support the transaction and future growth of the Company.

.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce several senior level promotions. The executive leadership team has been expanded with the promotions of Stuart Aronson and Jordan Peer Griffin to Executive Managing Director:

Hilco Merchant Resources is pleased to announce that interim CEO Raymundo Armendariz has been permanently appointed as Chief Executive Officer and Katie Feodoroff has been promoted to Senior Vice President and General Merchandise Manager of Hilco Wholesale Solutions (HWS) effective immediately.

Furthering its commitment to providing the best banking solutions for their clients, Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, announced the launch of its Equipment Financing product offering.

Bowery Farming ("Bowery" or "the Company"), the largest vertical farming company in the United States, today announced it has secured a $150 million credit facility led by private credit accounts managed by KKR, a leading global investment firm.

FundThrough, a financial technology platform that solves cash flow challenges for growing businesses through fast invoice payments, today announced that it has acquired the invoice factoring business of financial technology company BlueVine.

SC&H Capital, the investment banking and valuation advisory practice of SC&H Group, announced today that Founder and Managing Director Christopher Helmrath transitioned the leadership of the SC&H Capital practice to longtime partners Greg Hogan and Matt Roberson effective January 1, 2022. This leadership change follows the practice’s most successful year in its history having advised on 27 transactions in 2021.

Briar Capital Real Estate Fund ("Briar") (www.BriarCapital.com) is pleased to announce it closed a new $12.023MM real estate loan facility to a company that provides Oil Country Tubular Goods (“OCTG”) services to support businesses in the oil and gas industry.

Winston & Strawn represented Culper Capital Partners, a private investment firm that invests both debt and equity in middle market companies, in the formation of its first control platform, The Producto Group ("Producto" or the "Company"), which is the result of the acquisition of Ring Precision Components ("Ring Precision"), New Vision Industries ("New Vision") & Dieco Ring Precision and Dieco were sold as part of a corporate carve out from The PMT Group.

SLR Business Credit announced it has provided an $8 million asset-based revolving line of credit for Dana Foods, Inc. The funds were used to repay the previous lender and provide ongoing working capital for the company.

Newly formed Robbins DiMonte, Ltd. combines to become one of Chicagoland’s largest boutique law firms, an all-in-one legal source offering full-service capabilities for individuals, investors, businesses and financial institutions

SLR Healthcare ABL is pleased to announce it has provided $3 million in financing to a skilled nursing operator. The asset-based revolving line of credit was provided in December 2021.

CIT, a division of First Citizens Bank, today announced that its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital. The helicopters, used for emergency medical transport services, are on long-term lease to Apollo Medflight, which provides emergency transport services on behalf of regional and community hospitals in six midwestern and southern states.

First Business Bank announces the funding of a $12 million ledgered line accounts receivable finance facility by its Accounts Receivable Financing group. The facility will allow existing management to purchase 100% of the company and will also support increasing working capital needs.

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 $30 million venture loan facility to Interior Define, Inc. ("Interior Define"), of which Horizon funded $12.5 million of the initial $20 million draw, and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $7.5 million.

Automotive FinTech company, Car Capital, has closed a $150 million three-year secured credit facility and a $6.125 million equity investment from funds managed by affiliates of Fortress Investment Group. This milestone transaction provides Car Capital with the debt needed to continue to expand their rapidly growing business, fund more dealers, and increase the number of underserved consumers who want to purchase a vehicle.

Apollo Debt Solutions BDC (“ADS” or the “Fund”) today announced that it has launched with more than $1 billion in assets under management. On Friday, January 7, the Fund broke escrow with approximately $657 million in equity net proceeds for its continuous public offering (the “Offering”). In connection with breaking escrow, the Fund issued and sold 26,258,912 shares of beneficial interest in the Offering. The Fund intends to continue selling shares in the Offering on a monthly basis.

Barings, one of the world's leading investment management firms, announced that it has served as the lead agent and arranger on a senior secured credit facility to support a Peak Rock Capital affiliate's acquisition of Amtech Software, a leading provider of manufacturing ERP software and technology services for the packaging and other manufacturing industries. Financial terms were not disclosed.