TSL Express Daily Articles & News

Lakeview Energy, LLC. (“Lakeview”) announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. (“Orion”) to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio (the “Plant”). The capital investment will provide energy savings to Lakeview and support a long-term offtake agreement with an industry leading producer of hand sanitizer and other hygiene products. Under this strategic arrangement, Lakeview will supply the offtaker with low carbon United States Pharmacopeia (“USP”) grade ethyl alcohol for use in its various product lines.

Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $9 million revolving line of credit facility and real estate term loan for a musical instrument sales and service company in Michigan.

UV Resources, LLC (“UVR” or the “Company”), a designer and manufacturer of industrial lighting and technology solutions, has been acquired by Madison Industries (“Madison”). Specific terms of the transaction were not disclosed. FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to UVR.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $5,400,000 in ABL/factoring financial solutions for nine new clients; Crestmark Equipment Finance provided $5,707,263 in 22 new transactions; Crestmark Vendor Finance provided $4,865,488 in 45 new transactions; and the Government Guaranteed Lending group provided $980,000 in financing for two new clients in the second half of April.

KeyBank today announced its strategic affiliation with an equity investment in XUP Payments ("XUP"), a leading payments innovator, to deliver a digital and physical merchant services experience that provides an end-to-end streamlined process for sales, onboarding, activation, and servicing.

Axalta (NYSE: AXTA), a leading global coatings company, today announced it has entered into a Tenth Amendment to its Credit Agreement in order to, among other things, increase commitments available pursuant to the revolving credit facility, which is currently undrawn, from $400.0 million to $550.0 million and extend the maturity of the revolving credit facility to 2026. The Tenth Amendment is supported by a lending syndicate arranged and led by Barclays Bank PLC, as administrative and collateral agent.

JLL Capital Markets announced that it has added Tony Nargi as a Managing Director within its multihousing debt and equity placement team in Denver, Colorado. Nargi has 15 years of real estate experience and a strong background in originating and managing multi-housing real estate debt and equity transactions.

Mountain Province Diamonds Inc. today announces that it has amended and restated its credit agreement with Dunebridge Worldwide Ltd., as lender, adding a US$33.0 million term loan facility to its existing US$25.0 million revolving credit facility. In connection with this transaction, the Company was advised by its financial advisor Lazard Canada. Bennett Jones LLP acted as counsel to the Company and Stikeman Elliott LLP acted as counsel to the Independent Directors.

Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, has successfully closed the refinancing of its six vessels through a Term Loan Facility with CIT Bank, N.A., the majority proceeds of which were used to repay the Company’s loan facility with EnTrust Global’s Blue Ocean Fund.

CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a Capital Call Line of Credit, to Vertu Partners Fund I L.P. (“Vertu Fund I”), a private equity fund managed by Vertu Capital (“Vertu”). The capital call facility provides Vertu Fund I with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.

Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the formation of Magnolia Wash Holdings (“Magnolia”) via the acquisitions of Oasis Express (“Oasis”) and Wash Factory by Express Car Wash, LLC (“Express”).

Adams Street Partners, LLC, a private markets investment management firm with $45 billion of assets under management, announced today that Leland Richards joined the firm as a Partner on the Private Credit Team on April 30, 2021. Mr. Richards will support all aspects of the decision-making process of the Private Credit Team, including sourcing, structuring, performing due diligence, and negotiating investment opportunities as well as helping shape the strategic direction of the business.

Bank of America has named Kieth Cockrell as president of Bank of America Charlotte. Cockrell succeeds Charles Bowman, who has served as Charlotte market president since 2007. Bowman will continue in his role as President of North Carolina. He will also lead the expansion of the bank’s Leader-on-Loan Program, an industry-leading initiative which embeds a key employee with a non-profit or educational partner to help provide leadership and strategic guidance.

PlainsCapital Bank today announced that Derrich Rodriguez has joined its San Antonio lending group as senior vice president and senior commercial loan officer at 70 North East Loop 410, Suite 100.

Amalgamated Financial Corp. [Nasdaq: AMAL] (“Amalgamated” or the “Company”), America’s socially responsible bank, today named Priscilla Sims Brown its next President and Chief Executive Officer. Ms. Brown will join Amalgamated on June 1, 2021 from Commonwealth Bank, Australia’s largest bank, where she serves as Group Executive, Marketing and Corporate Affairs, with responsibility for end-to-end marketing, branding, stakeholder insights, government and public affairs, and environment and social policy.

Positions Luxury Ecommerce Company to Capitalize on Economic Recovery and Drive Growth

Paper Source named Elliott Investment Management as the successful bidder in a process for the specialty retailer to sell itself in Chapter 11.

Facility Provides for an Expansion Feature of an Additional $30 Million Under Certain Conditions

Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, has announced the closing of a $125 million senior secured term loan with Kala Pharmaceuticals, Inc. (NASDAQ: KALA) (“Kala” or “the Company”), a biopharmaceutical company focused on the discovery, development, and commercialization of innovative therapies for diseases of the eye.

Camping World Holdings, Inc. (NYSE: CWH) (the “Company,” “Camping World,” “we,” “us” or “our”), America’s Recreation Dealer, today announced plans to refinance its senior secured credit facilities.