TSL Express Daily Articles & News

Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its European Direct Lending strategy are serving as the sole lenders of £1 billion of available debt facilities to the RSK Group (“RSK”), the U.K.’s largest privately-owned multi-disciplinary environmental business. This transaction marks the largest private credit-backed sustainability linked financing to date and will be used to refinance RSK’s existing credit facilities as well as support its continued organic and inorganic growth plans.

Republic Capital Access, LLC has entered into an arrangement with the newly formed partnership of Northpoint Commercial Finance and Reed Advisory Solutions LLC to provide financing for sellers of technology products to the U.S. Government.

Marble Financial Inc. (CSE: MRBL; OTCQB: MRBLF; FSE:2V0) (“Marble” or the “Company”) an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, is pleased to announce it has entered into an arm’s length definitive credit facility agreement (“Credit Agreement”) with CHP Agent Services Inc., a subsidiary of an independent, non-affiliated Canadian based alternative specialty lender, Cypress Hills Partners Inc. (“CHP”).

Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise operator, today announced that the Company and certain of its subsidiaries have in advisory with Auspex Capital, closed on a new $302.8 million senior secured credit facility syndication led by City National Bank.

Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of a $10.2 million term loan with a premier Jones Act marine transportation and logistics services company. The loan represents Stonebriar’s third transaction with the borrower and its affiliates with total funded volume approximating $80 million. The loan proceeds were used for general corporate purposes. Consistent with the client’s required timeline, the transaction closed in less than 30 days.

Boxed, an e-commerce grocery platform selling bulk consumables to households and businesses, and an e-commerce enabler selling software and services to enterprise retailers around the world, announced today that it has entered into a new $45 million secured credit facility (“New Credit Facility”) provided by funds and accounts managed by BlackRock. The New Credit Facility will mature on August 4, 2025, and is secured by all of the assets of Boxed and its subsidiaries, subject to customary exceptions.

CIBC Innovation Banking is pleased to announce it has provided a $5 million credit facility to Nevada-based Karbon Inc. (“Karbon”), which provides industry-leading practice management software for accounting firms. The company plans to use the facility to support its hiring plans and further invest in its diverse product set.

INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today INDUS, as parent guarantor, INDUS RT, LP, as borrower, and certain subsidiaries of INDUS RT, LP as guarantors, have entered into a secured revolving credit facility of up to $100 million (the “New Credit Facility”), replacing both the Company’s former revolving credit line and acquisition credit line, which totaled $50 million in the aggregate and were scheduled to expire on September 30, 2021. The New Credit Facility has a three-year term with two one-year extensions at the Company’s option. T

Golub Capital acted as Left Lead Arranger, Administrative Agent and Joint Bookrunner on an $810 million broadly syndicated loan facility to support the acquisition of Rough Country, LLC ("Rough Country") by TSG Consumer Partners ("TSG"), and on a $425 million broadly syndicated loan facility to support the acquisition of Confluence Technologies, Inc. ("Confluence") by Clearlake Capital ("Clearlake").

FTI Consulting, Inc. (NYSE: FCN) today announced that the Company has been named Global Turnaround Consulting Firm of the Year and Public Relations Firm of the Year by Global M&A Network. The firm also was recognized for its work on 14 restructuring and merger and acquisition engagements. The Turnaround Atlas Awards, presented by Global M&A Network, honor excellence in the restructuring, distressed investing, insolvency, special situations M&A transactions and turnaround communities.

Winston & Strawn represented Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., in its investment to support the recapitalization of Brewster Home Fashions LLC (“Brewster”) and Fine Decor Wallcoverings Ltd (“Fine Decor” and together with Brewster, the “Company”).

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced that it has entered into a definitive agreement to acquire Willamette Management Associates, a valuation consulting and forensic analysis firm with offices in Chicago, Atlanta and Portland, Ore. This transaction further strengthens our growing corporate financial advisory capabilities and places Citizens among the top valuation services providers in the country.

Colbeck Capital Management announced it had provided a $58.5 million facility to ramp up operations of an American fuel producer. The growth capital will support the new company's production, storage, and distribution of biodiesel.

BOK Financial Corporation has named Stacy Kymes president and CEO effective April 1, 2022, upon the retirement of Steven G. Bradshaw. Kymes has also been appointed to the company’s board of directors effective August 3. Kymes, who has been with the company for 25 years, has served in various roles with the company, including chief auditor, director of mergers and acquisitions, and chief credit officer. In his current role as chief operating officer, he leads BOKF’s revenue-generating business lines including Specialized Banking, Regional and Commercial Banking, Consumer Banking, and Wealth Management.

GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management (along with other affiliated investment managers "GoldenTree"), announced the closing of a $640 million collateralized loan obligation ("CLO") to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 10 ("GLM US CLO 10"), GoldenTree has issued 16 CLOs totaling over $9 billion under its GLM CLO strategy.

Corvias Infrastructure Solutions, a leader in public infrastructure development and program management, today announced its closing with the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs) for a new credit facility of up to $75 million to finance vital municipal stormwater and green infrastructure programs. With $10.4 million committed, this financing will be used for the development of sustainable stormwater infrastructure in the Milwaukee metropolitan region of Wisconsin.

GemCap closed five loan facilities in July spanning a wide-range of industries. “While other lenders were on vacation, GemCap focused on business, closing more than a facility per week,” said Richard Ellis, Co-President. David Ellis, also Co-President, replied: “Our economy can’t wait. GemCap wants to be part of the American recovery story, and that all starts with small and mid-sized businesses.”

Winston & Strawn represented Investcorp Credit Management in its return to the U.S. new issue CLO market with its first new issue deal since March 2020. Credit Suisse arranged the $406.9 million deal, which is named Jamestown CLO XVI. The US CLO launch is the first since former Libremax CLO head David Moffitt joined Investcorp to lead Investcorp’s US credit business.

Green Ivy Capital, LLC ("Green Ivy Capital"), an affiliate of Chicago Atlantic Advisers, LLC ("Chicago Atlantic"), announced today it funded a new $10 million senior secured term loan facility (the "Term Loan Facility") for Silverpeak Holdings, LLC ("Silverpeak"), a vertically integrated operator in Colorado. The Term Loan will provide Silverpeak capital to refinance its existing indebtedness and support further growth.

With more than two decades of experience, Hyman focuses his practice on the representation of domestic and foreign lenders in connection with in-court and out-of-court workouts and restructurings in both large and middle-market transactions. He has vast transactional experience representing agents and other secured creditors in order to maximize their recoveries in all types of distressed situations. Hyman represents lenders and other creditors in all aspects of bankruptcy, including negotiating restructuring support agreements and debtor-in-possession financing facilities.