TSL Express Daily Articles & News

Markus and Johnston have spent the bulk of their careers handling complex finance transactions in a variety of sectors, including manufacturing, distribution, energy, and electronics. They represent lenders, including international and regional banks, private equity funds and corporate borrowers, and have particular experience handling syndicated and bilateral domestic and cross-border asset-based lending (ABL) transactions and leveraged financings in the commercial and industrial spaces.

Sixpoint Partners (“Sixpoint”), a leading global investment bank serving the middle-market private equity industry, today announced the election of Shawn Schestag to Partner, and the promotions of six others, including two to Managing Director. The promotions span across the Secondary Advisory, Distribution and Project Management teams. Mr. Schestag’s election and the additional six promotions are effective immediately.

Larry Blackman joined Phoenix Management Services as a Senior Director in the firm’s Boston, MA office and brings to the firm more than 25+ years of experience in finance and operations.

ausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") announced today that it is seeking to amend and refinance its existing credit agreement (the "Credit Agreement") in order to extend and reprice its existing term loan facility and revolving credit facility and make certain other amendments to the terms of the facilities in connection therewith (collectively, the "Credit Agreement Refinancing"). Additionally, the Company intends, subject to market conditions, to have Bausch Health Americas, Inc. ("BHA"), a wholly-owned indirect subsidiary of the Company, issue $3.25 billion of secured debt securities (the "New Debt Securities").

Wingspire Capital, LLC (“Wingspire”) today announced that William Bence joined the firm as Principal, responsible for business development activities of Wingspire Capital in Chicago and the midwestern United States. Will joins Wingspire from Fifth Third Business Capital where he had nearly 15 years of experience, most recently leading the middle market ABL business development efforts in the Michigan and Ohio marketplace.

Company’s LA-based audiovisual vertical posts a 50 percent increase in total dollar volume for auctions, liquidations and turnkey sales in 2019; buyers and bidders increase by 40 percent.

True Wind Capital, a leading private equity firm focused on investments in targeted segments of technology, today announced the hiring of John Gray as Vice President.

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced the completion of a recent $3 million non-recourse factoring deal with Cady Industries, Inc., a specialty chemical manufacturer.

Lori Sommerfield—a seasoned consumer financial services attorney with over two decades of legal and compliance risk management experience—has joined Ballard Spahr as of counsel in Minneapolis, firm Chair Mark Stewart announced today.

The overall transaction is valued at up to USD $13.5 million (AUD $20.0 million). Initial consideration of USD $8.1 million (AUD $12.0 million) consists of an upfront cash payment of approximately USD $0.7 million (AUD $1.0 million) and a working capital debt refinancing in the amount of approximately USD $7.4 million (AUD $11.0 million), through a new Pasture Genetics working capital debt facility guaranteed by S&W's Australian subsidiary.

J.P. Morgan Securities LLC served as exclusive financial advisor to LendingClub in connection with the transaction and Sullivan and Cromwell LLP served as its legal counsel. Additionally, Broadhaven Capital Partners and Piper Sandler served as financial advisors to Radius Bancorp and Hogan Lovells US LLP served as its legal counsel in connection with the transaction.

BlackArch Partners, a leading middle-market investment bank, is pleased to announce that Will Pittman has joined the firm as Managing Director and Co-head of BlackArch's Consumer & Retail Group.

Trinity Capital Inc. (“Trinity” or the “Company”), a leading specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that effective January 16, 2020, it became a party to a $300.0 million credit facility (the “Credit Facility”) with affiliates of Credit Suisse AG.

Albright Capital Management, LP (“Albright Capital”) and Innovattel LLC (“Innovattel”) announced today that they have extended the credit facility provided by Albright Capital to Innovattel’s Argentine subsidiary, Torresec SA (“Torresec”) and agreed to the terms of a new capital commitment. Newly committed funds will be used to expand Torresec’s digital infrastructure assets in Argentina.

Monticello and its affiliates have provided $38 million in first lien debt financing for the acquisition of one rental-model retirement community in New Jersey. The community features 226 independent living units, 113 assisted living and memory care beds and 60 skilled nursing beds.

Pacific Western Bank today announced it has provided a $6 million credit facility to new client, Cradle Genomics, creator of non-invasive prenatal testing solutions to be offered at the earliest stages of pregnancy. The company will utilize the facility to support its rapidly expanding team and accelerate the development of proprietary technology enabling comprehensive and safe prenatal tests to be delivered as early as five weeks into a pregnancy.

Siena Lending Group LLC (“Siena”) announces it has surpassed $1.0 billion in closed credit facilities with the completion of a $25.0 million asset-based revolving credit facility for an integrated packaging company headquartered in California.

Trainor is the sixth attorney to join the Firm’s national Corporate, M&A, and Securities group in 2020. Masha focuses her practice on international and domestic mergers and acquisitions, corporate governance matters, joint ventures, private debt and equity financings, commercial transactions, and contract management, as well as venture capital and private equity transactions

BankFinancial NA (“the Bank”), the national banking association subsidiary of BankFinancial Corporation (Nasdaq - BFIN) announced today the expansion of BankFinancial Commercial Real Estate Capital Markets.

2020 has been busy for North American sustainability-linked loans with many firsts. Following previous sustainability-linked loan developments in Europe, US volume more than quadrupled to $18bn in 2019 from $4 billion in 2018 while global volume nearly tripled to $113 billion from $48 billion.