TSL Express Daily Articles & News

CohnReznick, a leading professional services firm, today announced that Nicholas Papke has joined the firm as a Managing Director in its rapidly growing Transaction Advisory practice. Papke joins the firm with extensive deal experience, having led more than 100 transactional advisory engagements since 2020.

MBG is pleased announce the successful closing of an Energy Upstream Reserve-based Revolving Line of Credit for a Houston, TX-based E&P company. With MBG acting as Lead Arranger for this clubbed facility, this transaction delivered critical debt capital, supported by a strong consortium of accredited investors, enabling the Borrower to acquire primarily operated natural gas properties and proved reserves across multiple counties in South Texas.

Gordon Brothers, the global asset experts, has been retained to lead the sale of the 925 Euclid Avenue building, a historic landmark office known as the Huntington Building. It is nearly 1.5 million square feet in the heart of downtown Cleveland’s central business district.

Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of E-Therapy by Edustaff, LLC (“Edustaff”), an existing portfolio company of PPC Enterprises, LLC.

Sallyport Commercial Finance is proud to announce the completion of a $125,000 accounts receivable financing facility for a Florida-based pet services company providing cremation services for pets.

CyrusOne, a leading global data center developer and operator, today announced it has upsized its Revolving Credit Facility (“RCF”) and U.S. Term Loan (“USTL”) to approximately $8.0 billion in aggregate commitments and extended the maturity dates of both facilities.

BrightNight, a next-generation power and digital infrastructure company with a 30 GW national portfolio, today announced the successful first closing of its upsized corporate credit facility. The Corporate Facility provides a maximum total commitment of up to $850 million, including up to $550 million for letters of credit, up to $200 million for equipment deposits and limited notice to proceed facilities, and $100 million in revolving credit capacity.

Turn Therapeutics, Inc. (Nasdaq: TTRX), a clinical-stage dermatology company developing novel therapies for inflammatory skin diseases, today announced it has entered into a growth capital loan facility with Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, for up to $25 million.

Tiger Group today announced the promotion of Chad Farrell to Senior Managing Director of its Commercial & Industrial (C&I) asset-disposition platform. In leading C&I, Farrell structures and executes complex, multi-asset transactions across a broad range of industrial verticals.

Archway announced today its $50 million commitment of an asset-based credit facility for Mason Companies, Inc., a family-owned direct-to-consumer retailer headquartered in Chippewa Falls, Wisconsin. The transaction represents a refinancing and upsizing of Mason’s existing credit facilities at BMO to support the company’s continued growth.

MidCap Business Credit LLC (“MBC”) is pleased to announce the closing of a $15 million asset-based credit facility for a manufacturer of oil field storage tanks primarily serving the Permian Basin and Eagle Ford Shale. The credit facility is comprised of a working capital revolver, machinery and equipment term loan, and a real estate term loan.

Vonetta Greene recently joined SLR Business Credit as vice president, field examiner. Ms. Greene, with over 20 years of field examination experience, has held field examiner roles at Presidential Financial, PNC Bank, Bibby Financial Services, CBIZ and Silicon Valley Bank and holds a Master of Accounting from Kennesaw University.

Provident Financial Services, Inc. (NYSE: PFS), the parent company of Provident Bank, announced today that Michael A. Perito has been appointed Head of Investor Relations. In this role, Mr. Perito will lead the company’s engagement with the investment community, including shareholders, equity research analysts, and industry stakeholders.

Bridgeport Capital is pleased to announce the addition of Debbie Sill as senior vice president of Business Development to the Bridgeport team. Debbie will be opening a regional sales office in Dallas and will report to Max Toledo.

SLR Business Credit (“SLRBC”) is pleased to announce the closing of a $5 million senior secured invoice financing credit facility to a fast-growing fuel transporter serving commercial customers in 15 States stretching from the East to West Coast. (“the Company”).

The company specializes in the supply and installation of window coverings for new construction and retrofit projects, working closely with general contractors and property managers. With increasing demand and a growing pipeline of projects, the business has continued to expand its footprint in the commercial construction space.

Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) (the “Company”), an affiliate of Monroe Capital, today announced it has provided a $40 million loan facility to Hyperfine, Inc. (NASDAQ: HYPR) (“Hyperfine”), with an initial funding of $15 million at closing, and up to $25 million available to support future commercial growth.

Sallyport Commercial Finance is pleased to announce a new $500,000 accounts receivable finance facility for Houston-based lubricant manufacturer, arranged through a valued broker referral.

Through a broker referral, Sallyport delivered a tailored receivables-based facility designed to support the company’s cash flow cycle. The funding will be used to meet ongoing working capital needs, including ensuring timely payments to both overseas and domestic vendors, enabling uninterrupted production and consistent, on-time delivery to customers.

Beacon Pointe Advisors ("Beacon Pointe") introduces its acquisitions of MGB Wealth Management, LLC ("MGB") in Addison, TX, joining the existing Beacon Pointe Dallas, TX team and Pacifica Wealth Advisors, Inc. ("Pacifica Wealth") in Franklin, TN and Irvine, CA, partnering with the existing Newport Beach, CA team.