TSL Express Daily Articles & News

MSouth Equity Partners IV, L.P. ("MSouth Fund IV") has formed MSouth Capital as a provider of private credit and minority equity financing solutions, to meet the needs of companies in the South that have a desire to pursue recapitalizations, acquisitions or other corporate initiatives, with a focus on businesses generating EBITDA of $3 million or greater. MSouth Capital aims to deploy in excess of $350 million in its target markets over the next three years.

Antares announced today that it acted as administrative agent on senior secured credit facilities to support the acquisition of 80/20 Inc. by MPE Partners. Based in Columbia City, IN, 80/20 Inc. is the originator and manufacturer of “The Industrial Erector Set,” a modular aluminum T-slotted building system for various applications and end-markets.

Opportunity Financial, LLC (OppFi), a U.S.-based fintech platform that powers banks to help the everyday consumer gain access to credit, announced on Monday it has closed an expanded $50 million corporate credit facility with Atalaya Capital Management. OppFi’s key mission is to help consumers who are turned away by traditional providers build a better financial path.

Amerisource Business Capital announced the closing and funding of a $4,500,000 senior credit facility for a Texas based field services firm. The proceeds were used to support the company’s growth plans.

LiquidX, the global technology platform for working capital, trade finance, and insurance, is pleased to welcome Banco Bradesco to its network. Banco Bradesco, founded in 1943, is the second largest private sector bank in Brazil by total assets, serving clients through 79.9 thousand Service Points, 70 million customers, and 32.3 million account holders.

J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Ontario; $100,000 to a transportation company in California; $75,000 to a transportation company in Nova Scotia; $200,000 to a transportation company in New Jersey.

Banking industry veteran George Boyan has joined Unity Bank as Chief Financial Officer (CFO) bringing more than 20 years of financial services industry leadership experience to the community bank. Boyan is responsible for financial and accounting operations for Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, which manages approximately $2 billion in assets and $1.6 billion in deposits.

Funds managed by the Credit Group of Ares Management Corporation (“Ares”) provided an $85 million commitment to lead the recent financing round, with the remainder provided by funds managed by affiliates of Birch Lake Fund Management, LP (“Birch Lake”) and other lenders.

Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced the successful completion of a $300 million syndicated credit facility (the “Credit Facility”) by amending and restating the Company’s existing Credit Agreement which had been set to expire on March 31, 2022. The Credit Facility extends the maturity to March 31, 2024. Bank of America, N.A. and JPMorgan Chase Bank, N.A. served as the Joint Lead Arrangers.

Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced that it has completed its offering of 5.5 percent $350 million Senior Unsecured Notes due 2029 (the "Notes") and refinanced its existing 2018 credit agreement (as amended, the "Credit Agreement") with a new $650 million first lien term loan bearing an interest rate of the London Interbank Offered Rate ("LIBOR") plus 3.25 percent, which matures in 2028.

Crescent Capital Group LP, a leading alternative asset management firm, announced today that its European Specialty Lending strategy has provided a unitranche facility to support the refinancing of DMC Group, a leading global platform of needlecraft brands and a portfolio company of Lion Capital. In addition, Crescent has provided an acquisition facility to further support strategic M&A. Terms of the financing were not disclosed.

Acerus Pharmaceuticals Corporation (“Acerus” or the “Company”) (TSX: ASP; OTCQB: ASPCF) today announced that it has entered into an amended agreement related to its existing credit facility with SWK Funding LLC (“SWK”), a subsidiary of SWK Holdings Corporation (Nasdaq: SWKH).

CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, has launched a new Materials Financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital.

A&G Real Estate Partners is now accepting bids for a 19.34-acre industrial parcel located approximately five miles from the Indiana/Illinois border and 25 miles from downtown Chicago. The bid deadline in the bankruptcy sale of the Hammond, Indiana, property is April 16.

Cerebro Capital, a commercial loan marketplace platform, today announced a partnership with Ken Singleton, Adams Distinguished Professor of Management at the Graduate School of Business at Stanford University. Together, Cerebro and Singleton will study activity on the middle market and create analysis and content to help both borrowers and lenders better understand movements and drivers within the credit market.

BMO Capital Markets is serving as financial advisor and Goodwin Procter LLP and McCarthy Tétrault LLP as legal advisors to Slate. Evercore is serving as financial advisor and Ropes & Gray LLP as legal advisor to Annaly.

Vireo Health International Inc., ("Vireo" or the "Company") (CNSX: VREO,OTCQX: VREOF), the leading physician-led, science-focused multi-state cannabis company, today announced that it has closed on the first tranche of the previously-announced senior secured, delayed draw term loan (the "Credit Facility") with Chicago Atlantic Group (the "agent"), an affiliate of Green Ivy Capital, and a group of lenders.

MidCap Business Credit announced today they have closed on an $8,000,000 asset-based credit facility for a manufacturer of precision components and assemblies in the aerospace and defense industry.

The law firm of Moritt Hock & Hamroff has announced that Scott K. Levine has joined the firm as Counsel. Mr. Levine will continue his practice in the firm's Creditors' Rights, Restructuring & Bankruptcy and Secured Lending, Equipment & Transportation Finance practice groups. Prior to joining Moritt Hock & Hamroff, Mr. Levine served as the managing partner of Platzer, Swergold, Levine, Goldberg, Katz & Jaslow LLP in New York City.

Helbiz Inc., a micro-mobility leader, which has entered into an agreement to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced it has entered into a $15.0 million secured term loan facility with an institutional lender. The loan was funded in full on March 23, 2021.