TSL Express Daily Articles & News

H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital ("H.I.G.") is pleased to announce that it has arranged a £55 million unitranche financing package for AnaCap Financial Partners (“AnaCap”) in support of its sector growth and consolidation strategy in the UK wealth management platform industry.

Exchange Bank (OTC: EXSR) today announces that Mary Leonard-Wilson, SVP, senior credit officer has been promoted to Exchange Bank’s Executive Committee as SVP, chief credit officer, reporting directly to Troy Sanderson, president and CEO. Mary has over 20 years of community banking and executive experience, and has been fulfilling this role on an interim basis since May of this year.

For its work on the Chapter 11 bankruptcy restructuring of off-price home goods retailer Tuesday Morning, A&G Real Estate Partners was among the winners of the Turnaround Management Association’s 2021 Turnaround/Transaction of the Year Awards. The awards recognize the year’s 10 “most successful turnarounds and impactful transactions industrywide,” according to TMA, a nonprofit serving corporate renewal and restructuring professionals worldwide.

Davidson Kempner Capital Management LP ("Davidson Kempner"), an institutional investment management firm, today announced the launch of Ashland Place Finance LLC ("Ashland Place"). Ashland Place is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. The business will be led by Jennifer Villa Tennity, a veteran aircraft leasing and banking executive.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the appointment of Diane Conboy, Senior Managing Director, Market President. Operating out of the Bank’s newest private banking location in Red Bank, New Jersey, she will lead a team of commercial private bankers, providing high-touch, personal client service, along with wealth and deposit solutions for Commercial and Industrial (C&I) businesses throughout Monmouth and Ocean Counties

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 led a $15 million venture loan facility to Spineology, Inc. ("Spineology"), of which Horizon funded $5 million of the initial $10 million draw and a private investment vehicle managed by Horizon Technology Finance Management LLC, Horizon's advisor, funded $5 million.

Monroe Capital LLC (“Monroe”) was selected as the recipient of the 2021 Best U.S. Direct Lending Fund by Creditflux, a London-based global publication and leading information source for the rapidly evolving market for credit funds and CLOs. The award was presented to the firm’s Monroe Capital Senior Secured Loan Fund LP. This award is given to one direct lending fund each year among all the U.S direct lending funds.

Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a late clinical-stage biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, today reported it has obtained a $200 million term loan facility from Hercules Capital, Inc. (NYSE: HTGC), a leader in customized debt financing for companies in life sciences and technology-related markets.

Royal Bank of Canada is the Administrative Agent and RBC Capital Markets and Canadian Imperial Bank of Commerce are Joint Lead Arrangers and Joint Bookrunners

The Toigo Foundation and B. Riley Financial, Inc. (Nasdaq: RILY) are pleased to announce the successful culmination of the 2021 Summer MBA Investment Competition. Almost 50 MBAs participated in an immersive four-month summer program uniquely designed to facilitate industry education, mentorship, and the practical application of present-day business strategies led by experienced investment professionals from B. Riley.

J D Factors announced it provided the following factoring facilities: $50,000 to a transportation company in Georgi; $300,000 to a transportation company in Quebec; $250,000 to a transportation company in Illinois; $100,000 to a transportation company in Ontario...

JLL announced today that its Capital Markets group arranged $381 million in construction financing for the development of Bronx Logistics Center, a Class A, two-story last-mile distribution facility totaling 1.3 million square feet in the Bronx, New York.

Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO), parent company of Peoples Bank, announced today that it has completed its acquisition of Premier Financial Bancorp, Inc. ("Premier") (Nasdaq: PFBI) and Premier's wholly-owned subsidiaries, Premier Bank, Inc. ("Premier Bank") and Citizens Deposit Bank & Trust, Inc. ("Citizens"). Peoples was advised by Raymond James & Associates, Inc. and the law firm of Dinsmore & Shohl LLP. Premier was advised by Piper Sandler Companies and the law firm of Jackson Kelly PLLC.

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Credit Group have closed on a $150 million preferred equity investment in Inter Miami CF. The transaction is in connection with Inter Miami’s announcement that Jorge and Jose Mas and David Beckham have finalized the buyout of Marcelo Claure and Masayoshi Son.

Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and equity investment in Genius SIS, LLC (“Genius”) to support a growth investment by Leeds Equity Partners (“Leeds Equity”). Leeds Equity is a private equity firm dedicated exclusively to investing in the education, training, and information services industries (the "Knowledge Industries").

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $13.2 million senior secured credit facility with IFS Intermediate (“IFS”), a full-service water blasting, hauling, and industrial vacuuming business that serves utility companies throughout the Midwest and along the East coast.

Aptinyx Inc. (Nasdaq: APTX), a clinical-stage biopharmaceutical company developing transformative therapies for the treatment of brain and nervous system disorders, today announced that it has entered into a $50 million loan facility and security agreement with K2 HealthVentures (K2HV). The funds will provide general growth capital as Aptinyx advances its late-stage clinical pipeline of novel NMDA modulators.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization and growth of Invisors, LLC, a WestView Capital Partners portfolio company. Abacus also made an equity co-investment in Invisors.

SG Credit Partners today announced $3 million growth capital facility to Foresite, a leader in cybersecurity managed security services, compliance, and consulting. Foresite is a portfolio company of Elsewhere Partners, an Austin, Texas-based growth-stage venture capital firm focused primarily on B2B software companies.

Harbor, a fintech company redefining international trade finance, announced the closing of a supply chain finance program for a Mexico-based injection molding company. Harbor's program will allow the business to procure goods from their international suppliers on credit to better manage their working capital. This program was structured with Kampala Capital, an origination and syndication partner based in Monterrey, Mexico.