TSL Express Daily Articles & News

JPalmer Collective (JPC), an asset-based lending firm dedicated to supporting high-growth, women-led and natural products companies, today announced the closing of a $3 million working capital facility for Kiala Nutrition, a science-backed wellness brand redefining daily nutrition through powerful superfood formulations.

Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced it has closed its merger with Cadence Bank, a regional bank headquartered in Houston, Texas and Tupelo, Mississippi.

Western Alliance Bank today announced that Ian Hawk has joined the company as New York market manager for the Note Finance Group, expanding the bank’s presence in one of the nation’s most competitive private credit hubs.

Aequum Capital Financial LLC ("Aequum Capital"), a leading asset-based and private credit lender today announced the promotion of Eric Weisheit and Geno Ruggles to Partner, effective immediately.

Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced the commitment of £25 million in growth capital to Motorway, one of the UK's leading online used-car marketplaces.

Primary care company Carbon Health filed for Chapter 11 bankruptcy relief in Texas. The company, which offers both in-person care at nearly 100 clinics and virtual care services, said Monday it reached a restructuring agreement with its existing lenders that establishes a "clear path to recapitalization and new ownership.

TradeCap Partners, LLC (“TradeCap”) recently provided a $9.2 million production PO finance facility for a ready to eat food manufacturer. TradeCap was originally introduced to the company’s banker who was helping the company find an incremental capital solution since the bank wasn’t able to directly help with the size of the company’s immediate funding need.

Outdoor apparel chain Eddie Bauer's nearly 200 stores in the United States and Canada may soon be on the chopping block. An entity of retail holding company Catalyst Brands, which owns the license rights to operate Eddie Bauer stores across North America, is prepping a Chapter 11 bankruptcy filing, sources familiar with the situation told Business Insider.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Agile Occupational Medicine LLC (“Agile” or the “Company”).

CohnReznick, a leading professional services firm, announced today that Marco Sideri has joined the firm as a Financial Sponsors Tax Partner in its Boston office. Sideri brings extensive experience advising top-tier private equity firms, venture funds, hedge funds, and other alternative asset managers on complex tax matters and delivering tax co-sourcing and outsourcing solutions for asset and wealth managers.

Blank Rome LLP is pleased to announce the addition of nationally recognized hospitality lawyers Jim Butler, David Sudeck, Mark Adams, Jeff Myers, and Joe Mellema as partners. The group previously practiced at Jeffer Mangels Butler & Mitchell LLP, where Jim Butler was a founding partner and established and built its market-leading hospitality group, for which he and David most recently served as co-chairs.

On the heels of New York-based Neil Begley joining its national practice last month, Barnes & Thornburg welcomes corporate partners Katie Mills and Ryan Mitchell, who bring years of dealmaking and financial regulatory experience to the firm’s growing bench.

Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a senior secured credit facility to Guardian Propane Partners, the propane distribution platform of Inyarek Partners. Inyarek is a Boston-based investment firm specializing in supporting companies in the energy and industrial sectors through their next stage of growth.

Nine Energy Service, Inc. ("Nine"), a leading onshore completion solutions provider, announced today that it has reached an agreement with its debtholders on a comprehensive recapitalization transaction designed to strengthen its capital structure and support the Company's long-term financial health.

California BanCorp (the “Company”) (Nasdaq: BCAL), the holding company for California Bank of Commerce, N.A. (the “Bank”), announces that the Bank has hired two seasoned commercial bankers to strengthen its presence in its Northern California footprint. Linda Wang has joined our San Jose office, and Angel Herrera has joined our Walnut Creek office. Both will report to Chris Barr, Regional Market President – Northern California.

Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that it has amended its existing asset-based loan (ABL) facility to extend the maturity date from January 2027 to January 2031. The amended facility provides for total commitments of $500 million, subject to borrowing base limitations, and is led by Bank of America, N.A., as agent for a group of lenders.

New AI-assisted website search assistant, Alfred, connects secured finance professionals to SFNet insights, data, programs, and education faster and with greater clarity.

Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the closing of a $500.0 million, four-year secured term loan credit facility provided by investment funds and accounts managed by HPS Investment Partners, LLC (“HPS”). The term loan credit facility has an annual variable rate of SOFR plus 675 basis points and may be prepaid at any time, subject to certain conditions.

The global law firm Jones Day announced today that Caroline Gregson and Nath Curtis have joined the Firm as Partners in its Financial Markets Practice. Both lawyers are based in the Firm’s London Office.

H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce that it has provided a new first lien, senior-secured credit facility to Büter Group (“Büter”, or “the Company”), a portfolio company of NPM Capital (“NPM”). Based in Emmen, the Netherlands, Büter is a manufacturer of hydraulic cylinders and hydraulic lift solutions.