TSL Express Daily Articles & News

PolyPid Ltd. (Nasdaq: PYPD) (“PolyPid” or the “Company”), a late-stage biopharma company aiming to improve surgical outcomes, announced today that the Company has entered into a secured loan agreement for up to $15 million with Kreos Capital VI (Expert Fund) LP (“Kreos”).

Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is announcing the closing of a $75 million senior secured term loan with Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) (“Fusion” or “the Company”), a clinical-stage oncology company focused on developing next-generation radiopharmaceuticals as precision medicines to treat a broad range of cancers.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$925 million to $1.1 billion of the commitment capacity for the Accounts Receivable Securitization Program for Bunge Limited (“Bunge”), a US-based leading global agribusiness and food company.

Marc L. Hamroff, managing partner of Moritt Hock & Hamroff LLP (MH&H), was celebrated as an inaugural member of Hofstra University's Maurice A. Deane School of Law's Hall of Fame on April 5, 2022 at a gala event held at the Whitney Museum of American Art in New York City.

SLR Equipment Finance is pleased to announce Casey Maley has joined our company as a senior vice president of business development. In his role, Casey will help grow SLR Equipment Finance’s leasing and lending activities in the Ohio Valley region of the U.S.

Hilco Global is excited to announce that Michael Appel has joined Getzler Henrich & Associates as a Managing Director. He will be based in the Getzler Henrich New York City office. In this role, Mr. Appel will be a key contributor to helping Getzler Henrich build a best-in-class national Retail Turnaround and Restructuring practice.

Wolters Kluwer Compliance Solutions and Lightico are collaborating to leverage the capabilities of Wolters Kluwer’s eOriginal product suite of digital lending tools, including its eVaulting technology, to enhance Lightico customer transactions. The alliance strengthens Lightico’s next-generation digital completion platform, which supports millions of insurance, automotive, telecom and financial interactions.

First Financial Bank, N.A. has named Jamie Esch as Chairman and CEO of First Financial Bank, Hereford Region. The announcement was made by Ron Butler, Chief Administrative Officer of First Financial Bankshares, Inc.

Smith Micro Software, Inc. (NASDAQ: SMSI) (“Smith Micro” or the “Company”) today announced that on March 31 2022, the Company entered into a secured revolving credit facility with Wells Fargo Bank, National Association. This revolving line of credit provides the Company with borrowings of up to $7.0 million that can be utilized to finance the Company’s working capital requirements and other general corporate purposes.

The commitments, which are subject to satisfaction of certain conditions, will include $425 million from Apollo Funds for a credit facility to help Liquidity scale its lending activity for late-stage technology companies, $300 million from MUFG Bank (NYSE: MUFG), for a debt fund JV named Mars Growth Capital, investing in future unicorn companies, as well as a $50 million SAFE note investment by Apollo Funds, MUFG Innovation Partners and Spark Capital.

Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it has increased commitments under its Revolving Credit Facility (the “Facility”) to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo Mitsui Banking Corporation and Wells Fargo and includes a total of 39 lenders.

Tangelo, a leading financial technology company in Latin America specializing in alternative credit, announced the closing of its credit facility for $3 billion Mexican pesos (around $150 million US dollars) with HSBC.

In her new role, Kumar will lead consolidated business planning and analysis, investor relations, business unit profitability, investment decisioning, and the financial aspects of corporate development.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $700,000 medical accounts receivable financing facility with an infusion pharmacy in Florida (“Company”).

Lewis & Clark Capital, a St Louis-based private equity firm today announced the hiring of Tim Spihlman as Managing Director. Tim is responsible for the private equity strategy including leading a team of investment professionals, sourcing and analyzing opportunities for new investments, negotiation and execution of transactions, and post-execution oversight and governance of portfolio companies.

Schulte Roth & Zabel LLP advised Associated Materials in its merger with funds managed by SVPGLOBAL, a global investment firm with over $18 billion of assets under management, which merger was completed earlier this month.

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, has expanded its growth and acquisitions team with the appointment of Nigel Hibbert as Sales Director. Nigel has over 20 years’ experience within the financial and professional services industry, focusing on both Asset Based Lending (ABL) and Invoice Finance.

North Avenue Capital was proud to partner with Mega Highwall and the USDA to secure the capital required to keep one of Ashland’s star enterprises at the industry’s cutting edge.

Assembled Brands announced it has provided a new $3.5 million facility with Mason Dixie Foods. Ayeshah Abuelhiga founded the company in 2014 on a mission to change Southern comfort food for the better. Mason Dixie Foods offers a variety of high-quality homestyle classics like biscuits and breakfast sandwiches, all made with ingredients that can be bought at the store and without unnecessary chemicals.

GemCap provided a $4.0 million facility consisting of a working capital revolver, an equipment term loan, and a mortgage for a munitions manufacturer which wholesales and retails its inventory. “This is a high-growth, high-demand industry and we’re happy to assist our client’s growth,” says Richard Ellis, Co-President. “GemCap continues to focus on assisting small and mid-sized businesses across a diverse range of industries”