TSL Express Daily Articles & News

Fennec Pharmaceuticals Inc. (NASDAQ:FENC; TSX: FRX), a specialty pharmaceutical company focused on the development of PEDMARKTM (a unique formulation of sodium thiosulfate) for the prevention of platinum-induced ototoxicity in pediatric patients with localized, non-metastatic solid tumors, today announced an amendment to its existing senior debt facility with the Life Sciences Group at Bridge Bank increasing the size of the facility from $18 million to $20 million.

Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets, and Citizens Bank acted as joint lead arrangers and bookrunners for the transaction.

Bob Dorrance to retire as President and CEO of TD Securities; will remain Chairman of TD Securities Riaz Ahmed to become President and CEO of TD Securities Kelvin Tran – Executive Vice President, Enterprise Finance – to become Chief Financial Officer, TD Bank Group and join Senior Executive Team Barbara Hooper – Executive Vice President, Corporate Development, Treasury and Strategic Sourcing – to join Senior Executive Team Moti Jungreis and Robbie Pryde to become Executive Vice-Chairs, TD Securities

BMO Financial Group today announced the appointment of Kimberley Goode as Chief Communications & Social Impact Officer. She will join the bank in August and report to Cameron Fowler, Chief Strategy & Operations Officer. Ms. Goode will lead a new team combining the Communications practice areas of Employee Communications, Media Relations, and Government Relations with the Purpose and Community Giving teams, creating a single organization unified in its focus on achieving the bank's strategic priorities and purpose.

Cathedral Energy Services Ltd. (TSX: CET) ("Cathedral" or the "Company") is pleased to announce that it has agreed to a series of amendments to its existing credit facility ("the Extended Facility") with its sole lender ATB Financial ("ATB"). In addition, Cathedral has secured a further $1 million of liquidity through the Highly Affected Sectors Credit Availability Program ("HASCAP") that sees Business Development Bank of Canada ("BDC") guarantee a fixed interest rate loan made available to the Company by ATB (the "HASCAP Loan").

Analog Devices, Inc. (Nasdaq: ADI) today announced that it has successfully executed a $2.5 billion sustainability-linked senior revolving credit facility (the “facility”), replacing its existing $1.25 billion senior revolving credit facility. Half of the $2.5 billion facility will become available only upon the consummation of ADI’s acquisition of Maxim Integrated Products, Inc.

Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $750,000 to Memories Apparel, Inc. The credit facilities will be used to provide working capital for the company’s anticipated future growth.

Thompson Pipe Group ("TPG" or the "Company"), a leading provider of innovative solutions for demanding infrastructure applications, today announced it has engaged B. Riley Securities, Inc., a full-service investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), to provide buy-side advisory services in accordance with the Company's plan to grow its presence in North America.

In her new role, Ms. O'Grady will work with all of Palladium's deal teams on sourcing and origination, reporting to Leon Brujis, a Partner of the Firm. Ms. O'Grady brings to Palladium a wealth of business development experience and skills. This includes her deep relationships across multiple channels, including development teams of both public and private corporations, investment banks and proprietary sources such as entrepreneurs, industry executives, advisors and private wealth managers.

SLR Business Credit is excited to announce the promotion of Lucy Csizmas with SLR Business Credit to Senior Managing Director. Lucy is an industry veteran with 25+ years of experience. She is responsible for sourcing and structuring new transactions from a long- standing network of commercial banks, private equity firms, investment banking, consulting firms, CPA firms, law firms, as well as other intermediaries.

CNH Finance is pleased to announce new financings for May 2021. CNH provided a $10,000,000 senior secured revolving line of credit facility to form the carve-out of a health information management (“HIM”) transcription business and an electronic health record (“EHR”) service activation business. Both carve-out entities will be co-borrowers under this facility. The company will use loan proceeds for working capital purposes.

Winston & Strawn represented Edmentum, a portfolio company of The Vistria Group and a global pioneer in education technology, in connection with its definitive agreement to acquire Apex Learning, a Seattle-based industry leader in digital curriculum and virtual learning with over 20 years of deep expertise providing high-quality, rigorous, and teacher-centered programs.

Signify Health, Inc. (NYSE: SGFY), a leading healthcare platform that leverages advanced analytics, technology and nationwide healthcare networks to create and power value-based payment programs, today announced the successful completion of a refinancing of its first lien term loans and revolving credit facility.

BMO Capital Markets, the corporate banking and investment division of BMO Financial Group (BMO), announced on Tuesday the hiring of Evan Seigerman as Managing Director and Senior Equity Research Analyst covering the biotechnology and pharmaceutical sectors. Mr. Seigerman will lead the expansion of BMO's healthcare research franchise, which currently consists of four analysts, including Mr. Seigerman, as well as Gary Nachman, who covers biopharma and biotechnology; Matthew Luchini, who covers biotechnology; and Matt Borsch, CFA, who covers managed care and providers.

AeroCentury Corp. (“AeroCentury” or the “Company”) (NYSE American: ACY), announced today that the Company and its two U.S. subsidiaries (collectively the “Debtors”) have filed with the Delaware Bankruptcy Court a proposed combined Plan of Reorganization and Disclosure Statement (the “Plan/Disclosure Document”) with respect to its proposed plan to exit Chapter 11 bankruptcy protection (“Plan”).

Comvest Credit Partners has acted as Administrative Agent and Lender in providing a $190.0 million Senior Secured Credit Facility (the “Financing”) to Uniguest (the “Company”), a leading provider of highly-secure Content Management Software and Managed Services (“CMS”). The Financing was used to support the acquisition of the Company by Atlantic Street Capital.

Fifth Third Bancorp (NASDAQ: FITB) today announced a definitive agreement to acquire Provide, a digital platform for healthcare practices. Building on Fifth Third’s strong legacy of digital innovation and focus on the healthcare sector, this transaction adds world-class national digital capabilities addressing the most complex lending and banking needs of retail healthcare providers.

The RCF will supplement the Company’s existing $1 billion non-recourse warehouse and be used to fund continued origination growth. RBC Capital Markets will serve as Administrative Agent, Joint Lead Arranger and Joint Bookrunning Manager. Fifth Third Bank will serve as Joint Lead Arranger and Joint Bookrunning Manager. Other lenders include Bank of America, BNP Paribas, Citizens Bank and MUFG Union Bank.

Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Carmela Thomson to be the firm's first Vice President of Finance and Accounting, and Andy Weyer to the post of Managing Director, Technology for Runway's Origination team.

Sallyport has just finalized an agreement to provide $5.0 million in finance for a construction business. The client had limited options given that they needed funding quickly and didn't want to rely on an expensive MCA lender to meet their needs. They required $1.5 million immediately with an uplift to a total facility of $5 million following a field exam.