TSL Express Daily Articles & News

Gregory Bauer, a nationally recognized leveraged finance lawyer, joined the firm's finance practice today. Greg is based in Ropes & Gray's 100-lawyer Chicago office – a team known for "talented, sophisticated problem solvers" who "understand what is important to clients," according to Chambers USA in its 2021 guide. The firm continues to expand its leveraged finance practice in the Midwest, complementing a world-class team of private equity and M&A business advisers.

Theresa A. Driscoll, a partner at Moritt Hock & Hamroff, has been named by Long Island Business News as a member of its Top 50 Most Influential Women In Business for 2021. The award recognizes the significant contributions of women professionals to the region’s economy and to the communities in which we do business.

Sallyport is delighted to announce another early September funding - $1,000,000 accounts receivable finance for a startup business manufacturing sustainable, eco-friendly kitchenware. The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they've recently secured.

Genesis Bank (“Genesis” or the “Bank”), announced today the veteran leaders of each of the Bank’s lines of business, including Commercial Banking, Income Property Banking, Small Business Administration (“SBA”) and Government Lending, Private and Specialty Banking, and Treasury Management.

Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, today announced the final close of Crayhill Principal Strategies Fund II ("Principal Strategies II") with approximately $820 million of capital commitments.

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Kiran Lulla has joined the firm’s Financial and Valuation Advisory business as a Managing Director in Transaction Advisory Services (TAS). He is based in Dallas and will focus on supporting the firm’s continuing build-out of its technology, media, and telecom (TMT) service capabilities in TAS.

D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO), a world leader in haptic and immersive entertainment experiences, announced today the closing of a loan with the National Bank of Canada (“NBC”) in connection with the Highly Affected Sectors Credit Availability Program (“HASCAP”) offered by the Business Development Bank of Canada (“BDC”).

Amerisource Business Capital announced the closing and funding of a $2,000,000 real estate loan for an Ohio based metal stamping and machining firm. The proceeds were used to re-finance the company’s bank loan that was maturing.

SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, today announced it has assembled an industry-leading technology investment banking team led by Jason Auerbach, SVB Leerink's new Co-Head of Investment Banking. These additions to SVB's existing investment banking business, SVB Leerink, will expand and build on SVB's core capabilities. SVB serves the world's most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital.

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) and JMP Group LLC (NYSE: JMP or “JMP”) announced today that they have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a highly regarded capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real estate sectors. Upon the closing of the transaction, JMP, which was founded in 1999 and is headquartered in San Francisco, will operate as a wholly-owned subsidiary of Citizens.

Katten announced today that Dilen Kumar has joined the firm as a partner in its award-winning Mergers and Acquisitions/Private Equity practice in its Dallas office, which has seen major growth and success since opening three years ago. Prior to joining Katten, Kumar was a corporate partner at Kirkland and Ellis in the firm's private equity and M&A practice, where he also served as a diversity and pro bono coordinator for the Dallas office and on the firm's Pro Bono Management Committee and Diversity and Inclusion Committee.

Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its August 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, August was flat with 32,225 new filings across all chapters, down slightly from July 2021 with 32,391. Total commercial filings, across all chapters, was up 1% over July 2021 with 1,724 new cases.

Wells Fargo Bank, N.A. is the Admin Agent and Joint Lead Arranger for the ABL Facility. Regions Bank and Fifth Third Bank are also Joint Lead Arrangers under the ABL Facility. Simpson Thacher & Bartlett LLP was counsel to TNT.

Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the refinance of NationsBenefits. Additionally, The Pritzker Organization, Denali Growth Partners, and Monroe Capital provided equity capital to enhance the existing service offerings and support future growth of the Company.

BMO Harris Bank announced today the launch of the new BMO Women in Business Credit Program – a loan product offered under the Women In Business initiative that began last year as part of BMO's five-year, $5 billion BMO EMpower commitment. The loan program offers women-owned businesses expanded access to affordable business credit, which the National Association of Women Business Owners has identified as a priority to help women-owned businesses grow.

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

Citizens M&A Advisory announced today that it served as the financial advisor to Ridgemont Equity Partners on its acquisition of Sparus Holdings (“Sparus”), a leading provider of critical outsourced field and professional services for utility and industrial customers. Citizens also served as Administrative Agent for the senior debt financing that supported the transaction, which closed in March 2021

Global law firm Greenberg Traurig, LLP has been honored in several categories at the M&A Advisor’s 15th Annual Turnaround Awards. The firm’s attorneys were members of the teams awarded Restructuring of the Year ($500 MM- $1 B) for the restructuring of American Addiction Centers; Restructuring of the Year ($100 MM to $500 MM) for the restructuring of Vivus Inc.; and Financials Deal of the Year for the acquisition of Gateway Insurance Company by Buckle.

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling investment opportunities in the $12 trillion net lease market in the U.S. and Europe as well as the Company’s continued commitment to enhance its capabilities across the platform.

Harrow Health, Inc. (Nasdaq: HROW), an ophthalmic-focused healthcare company, and Melt Pharmaceuticals, Inc., a clinical-stage pharmaceutical company developing first-in-class medicines for sedation and analgesia, today announced that Harrow Health has provided a $13.5 million senior secured loan to Melt Pharmaceuticals.