TSL Express Daily Articles & News

The ranking, released today, states that Itkin acts for a broad range of clients on bankruptcy matters, including out-of-court restructurings and chapter 11 proceedings. Client comments include, "she is excellent in court," and "she is very smart, detail-oriented, hard-working and very dedicated to her clients."

Atkore Inc. (the “Company”) (NYSE: ATKR), a leading provider of electrical, safety and infrastructure solutions, today announced that it had completed the refinancing of the senior secured term loan facility of its subsidiary, Atkore International, Inc. (“AII”), which had been scheduled to mature in December 2023. The Company replaced the existing term loan facility with a new $400 million senior secured term loan facility of AII that matures in 2028.

Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Simple Admit, a leading provider of automated patient relationship management solutions for surgery centers, on its merger with HST Pathways, a Bain Capital portfolio company and leading provider of cloud-based software focused on the ambulatory surgery center (“ASC”) space.

Debt financing for the transaction is being led by Barclays and Credit Suisse. Kirkland & Ellis LLP is serving as legal counsel to Bain Capital Private Equity.

IntelePeer, a leading Communications Platform as a Service (CPaaS) provider, is pleased to announce the completion of $110M in new funding, with $75M in convertible notes and debt financing from Sixth Street Growth and $35M in equity from Savant Growth. Building on a recent credit facility of over $60M from Sixth Street Growth to further accelerate the growth and innovation of its enterprise-centric Atmosphere® CPaaS platform, the new funding allows continued execution on IntelePeer’s growth and acquisition strategy to become the world’s leading CPaaS innovator.

King Trade Capital is pleased to announce the completion of a $5,000,000.00 purchase order finance facility for a Massachusetts based HEPA Air Purification company. King Trade Capital was contacted by a referral partner who was working with the Client to find working capital to support purchasing inventory to fulfill its growing sales. During the Covid-19 pandemic the Client expanded its product offering from its core business of water filtration systems to include HEPA Air Purifiers.

HYPERAMS, LLC announces the online auction of assets pertaining to a complete liquidation of Calibre, Inc, a provider of complex, high content, Class A paint solutions for North America’s largest motorcycle manufacturer. The assets are located in three facilities, two of which are located in Grafton, Wisconsin, and one in Saukville, Wisconsin.

Finitive, the leading data-driven private credit marketplace, today announced has named Andrew Holgate to lead Finitive's European initiatives as the company's Managing Director – Head of Europe. In this UK-based role, Holgate will develop and maintain Finitive's relationships throughout Europe with non-bank lenders seeking financing, such as specialty finance companies, online lenders, marketplace lenders and private credit funds.

Hilco Global (www.hilcoglobal.com), the world's premier authority on asset valuation, monetization, and advisory solutions, announced today that it’s commercial-industrial team has acquired all of the assets of Sutton Leasing, a large fleet leasing company based in Sterling Heights Michigan, in a multi-million-dollar transaction which closed on May 7, 2021.

Funds managed by Stonepeak Infrastructure Partners (“Stonepeak”), a private equity firm specializing in infrastructure investing, have partnered with Bellinger Asset Management (“Bellinger”) to complete the acquisition of a US$1.1 billion performing aircraft loan portfolio from National Australia Bank. Allen & Overy LLP served as legal advisor on the transaction. Deutsche Bank Securities Inc. served as financial advisor on the transaction.

Wells Fargo & Company (NYSE: WFC) today announced that Ulrike Guigui has been named head of Payments Strategy. She will join the company on June 1 and will report to Ather Williams III, Wells Fargo head of Strategy, Digital, and Innovation. In this new position, Guigui will be responsible for leading the company’s enterprise payments strategy. She will work across the company and with industry partners to ensure Wells Fargo is strategically aligned and positioned for growth opportunities in the payments industry.

Based in New York City, Otté will help private equity (PE) firms leverage Raymond James’ industry insight, execution expertise and long-standing dedication to the middle market space. With more than 20 years of deal experience across investment banking, private equity, debt capital markets and commercial lending, Otté is a trusted partner to PE firms with a proven track record of identifying potential acquisitions, refinancing portfolio companies and monetizing investments.

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 recapitalization of Oscar W. Larson Company (“Oscar Larson”) by private equity sponsor Trive Capital.

EisnerAmper, the accounting, tax and advisory firm, has launched a new group focused on special purpose acquisition companies, or SPACs. The new team will be led by Nina Kelleher, a director with Eisner.

Sidley is pleased to announce that Holt Foster has joined the firm as a partner in the Dallas office. Mr. Foster will be a member of the global Energy and Infrastructure group and a practice area team co-leader of the Energy practice. He joins Sidley from Thompson Knight where he has served on the firm’s Management Committee and as head of the Dallas office.

Struggling British fashion retailer Ted Baker (TED.L) has refinanced by extending a revolving credit facility with its existing syndicate of lending banks, it said on Tuesday. The group said that under the new agreement a facility of 108 million pounds ($153 million) maturing in September 2022 and a restricted facility of 25 million pounds maturing in January 2022, will be replaced by a new facility of 90 million pounds reducing to 80 million pounds in January 2022 until maturity in November 2023.

“We’re very excited to help fuel the rapid growth of our client as they support the post pandemic recovery” said Mark Horan, Chief Growth Officer at 36th Street. “We are optimistic that companies like this will continue to drive demand for financing as the U.S. economy rebounds”.

InterNex Capital, a technology driven lender to the lower middle market has hired Heather Fidura as a business development officer. Fidura will be based in Tampa, Florida and will focus on generating new business with InterNex’s suite of products including ABL, invoice finance, and term loans.

Greystone, a leading national commercial real estate finance company, announced that Rob Russell has been appointed head of Greystone Special Servicing. As President of this group, Mr. Russell will focus on its continued growth and will further integrate special servicing with Greystone’s existing primary servicing division, led by Sharon Briskman.

Argenta Limited (“Argenta”), the only global contract research organization (CRO) and contract development and manufacturing organization (CDMO) specializing in animal health, and NovaQuest Capital Management (“NovaQuest”) announced today a $30 million product financing agreement for the development of several innovative veterinary pharmaceuticals.