TSL Express Daily Articles & News

Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a credit facility to BWD Technologies (Blanking Without Dies), representing the first asset-based lending (ABL) initiative from its new Business Credit team.

Kapitus, a leading provider of financing for small and medium-sized businesses, has announced the closing of a $250 million asset-backed securitization (ABS). The facility, which has a 3-year revolving period and is expandable to $500 million, was rated by Kroll Bond Rating Agency, LLC (KBRA), with Truist Securities, Inc., as the sole structuring agent and bookrunner.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of a $10.5 million asset-based loan (ABL) facility for a leading textile manufacturing and distributor based in New York.

Encina Private Credit, LLC (“Encina”) provided a $150 million commitment consisting of a revolver and term loan in the $525 million Senior Secured Credit Facility.

SG Credit Partners, through its Consumer Products division, is pleased to announce a senior debt investment in Murphy’s Naturals, a leading outdoor lifestyle brand on a mission to help people enjoy life outdoors with worry-free, plant-powered mosquito repellents and personal care products.

Assembled Brands announced a new credit facility with Ana Luisa, a pioneering jewelry brand that has rapidly grown into a recognized leader in the sustainable luxury market. This financing partnership provides Ana Luisa with the flexible capital necessary to support rapid growth, optimize its robust supply chain, and accelerate the development of new products.

Evolution Credit Partners Management, LLC (“Evolution”), a leading provider of single buyer, non-cancellable Trade Credit Protection (“TCP”) for accounts receivable from high-yield buyers, today announced it has delivered more than $1 billion in protection since launching its TCP business in late 2020.

Peter Palladino, a leading finance practitioner known for his loan structuring and negotiation, workout and insolvency experience, has joined Holland & Knight as a partner in Boston. Mr. Palladino was previously a partner at Choate Hall & Stuart, where he served in various leadership roles.

Culain Capital Funding, LLC (“Culain Capital”) announced the closing and funding of a $3,750,000 accounts receivable financing facility for a luxury bedding and linens supplier headquartered in New York City.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured leverage facility agented by Capital One, National Association (“Capital One”) that provides over $1.1 billion of capital.

LifeScan, Inc., (“LifeScan” or the “Company”), a world leader in blood glucose monitoring, today announced that it has entered into a Restructuring Support Agreement (“RSA”) with its first- and second-lien lenders and current equity sponsor, Platinum Equity, that will transform its balance sheet and position the Company for a stronger and more profitable future

Gray Media, Inc. (“Gray” or the “Company”) (NYSE: GTN) today announced that it has (i) increased the aggregate commitments under its revolving credit facility (the “Revolving Credit Facility”) by $50 million, resulting in aggregate commitments under the Revolving Credit Facility of $750 million.

US$450 million project loan facility secured from new strategic partner Appian Capital Advisory to fund the development and construction of the Cariboo Gold Project in B.C., Canada

Stampede Drilling Inc. ("Stampede" or the "Company") (TSXV: SDI) is pleased to announce that it has entered into an amending agreement (the "First Amending Agreement") to its amended and restated credit agreement with Royal Bank of Canada and The Toronto-Dominion Bank originally made as of September 20, 2023 and amended and restated as of August 21, 2024 (as amended by the First Amending Agreement.

Wag! Group Co. (the “Company” or “Wag!”; Nasdaq: PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced that it is pursuing a comprehensive balance sheet restructuring through a voluntary, pre-packaged Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware.

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the appointment of Sarah Cole as Partner and Co-Head of the Ares Global Capital Solutions team alongside current Partner and group Co-Head Roshan Chagan.

A leading Georgia-based provider of drilling equipment and foundation tools for the construction industry has secured a $3,000,000 financing facility from Prestige Capital. The company, which offers new, used, and rental equipment, was referred by a New Jersey-based consulting firm.

Flatbay Capital provided a $1.4MM CRE line of credit for an international company specializing in drilling and excavation services for working capital.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of up to $40 million in an asset based revolving credit facility to Alt, a dynamic online marketplace that facilitates buying, selling, vaulting, and loans against investment-grade trading cards.

ATX Specialty Foods (ATX) is a premier manufacturer of high-quality sauces and condiments serving the food industry. Headquartered in Texas, ATX serves up a broadly diversified portfolio of retail branded, foodservice, and private label offerings, and believes that great food comes from passion, quality ingredients and good people.