TSL Express Daily Articles & News

The Issuers used the net proceeds from the offering to repay all $2.05 billion of outstanding borrowings under Uniti’s term loan facility and $156.7 million of outstanding borrowings under Uniti’s revolving credit facility (and terminated related revolving commitments in an amount equal to $157.6 million).

Oncor Electric Delivery Co. LLC entered a term loan credit agreement for $450 million with certain lenders and Sumitomo Mitsui Banking Corp. as the administrative agent. The Sempra Energy subsidiary can borrow the full loan amount in up to four borrowings at any time before April 27, according to a Jan. 30 filing.

Blank Rome LLP is pleased to announce that Dean S. Nordlinger has joined the Firm’s Washington, D.C., office as a Partner in the Corporate, M&A, and Securities group, which welcomed Partner Stacy H. Louizos earlier this week in the New York office. Dean brings more than 20 years of experience representing privately held and closely held companies of all sizes, private equity firms, and entrepreneurs from a broad range of industries.

H.I.G. Bayside Capital (“Bayside”), the distressed debt and special situation affiliate of H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over €31 billion of equity capital under management, is pleased to announce the promotion of Andrew Scotland to Co-Head of the firm's European special situations debt activities. Andrew will co-head alongside Bayside Managing Director Duncan Priston.

Company and Subsidiaries Commence Voluntary Chapter 11 to Facilitate Value-Maximizing Sale; Commercially Successful Business to Continue as Usual During Court-Supervised Sale Process; Commitment Obtained for Debtor-in-Possession Financing to Support Ongoing Operations; DLA Piper LLP (US) is serving as legal counsel to Valeritas, Lincoln International is serving as investment banker, and PricewaterhouseCoopers LLP is serving as financial advisor..

PGIM Private Capital provided $13 billion of senior debt and junior capital to 228 middle-market companies and projects globally in 2019. PGIM Private Capital, a leading source of private capital for public and private companies, is the private capital arm of PGIM Inc., the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

As Market Executive, Odell will leverage her local experience and insights to expand Regions’ client base while also taking a strategic, proactive role in addressing various needs across the area. She will work with colleagues and community members in support of Regions’ community engagement initiatives throughout East Texas, including volunteer service, nonprofit assistance, delivering financial education and more.

TradeCap Partners (“TradeCap”) is pleased to announce the closing of a $500,000 purchase order facility for a New York-based clothing and footwear apparel importer selling through retail channels in the United States. The impact of tariffs hindered the Client’s ability to meet price points and margin requirements retailers were demanding as a tradeoff for growth in purchasing volume.

Seibly will oversee the Union Bank commercial banking, real estate industries, consumer banking (including PurePoint Financial, an online direct bank), Intrepid Investment Bankers and wealth markets businesses, as well as the bank's corporate social responsibility programs. Seibly will report directly to Steve Cummings, President and Chief Executive Officer for MUFG Americas, and will serve as a member of the Executive Committee for the Americas.

Milbank LLP is serving as the Company's legal counsel, Greenhill & Co. is serving as its financial advisor and Alvarez & Marsal North America, LLC. is serving as restructuring advisor.

A restructuring advisory team led by CohnReznick principals Cynthia Romano and Chris Creger recently achieved a monumental success in the restructuring, workout and sale of Allentown, PA-based Coordinated Health (CH). The assets of CH were sold to Lehigh Valley Health Network (LVHN) through an out-of-court transaction that provides protection for more than 1,300 jobs, and preserves and bolsters a nationally ranked orthopedics program.

North Mill Capital is pleased to announce the funding of a $1,000,000 accounts receivable facility. North Mill provided additional working capital for the company in conjunction with the current lender. Master Packing & Rubber Company is a manufacturer and global supplier of sealing products serving the rail, marine and bio-fuel industries.

Lamar Advertising Company (“Lamar”) (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed $2.35 billion in refinancing transactions through its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), strengthening its balance sheet.

International law firm Dorsey & Whitney LLP is pleased to announce that Sativa Rasmussen has joined the Firm’s Seattle office as a lawyer in the Cannabis Practice Group.

First Eagle Alternative Credit, LLC today announced the final closing of its fourth middle-market direct lending fund, THL Credit Direct Lending Fund IV (“Fund IV”), with $782 million of available investment capacity including leverage.

Led by Tom Jennings, the team will focus on providing business owners in Southern California with BMO's industry expertise, innovative products and services, and local market knowledge.

In another signal of a changing landscape for American retailers, Macy's announced a massive restructuring that would involve shuttering 125 department stores, cutting 2,000 jobs and closing three corporate offices.

The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and leading provider of anti-fraud training and education, is pleased to award Dwight O. Clarke, of Hollywood, Florida, the globally preferred Certified Fraud Examiner (CFE) credential. In order to become a CFE, Clarke has met a stringent set of criteria and passed a rigorous exam administered by the ACFE.

Huntington Business Credit announced it closed a new $7,500,000 credit facility with International Control Services, Inc. on December 20, 2019. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital growth financing.

First Business Growth Funding reports a 103% increase in 2019 factoring volume over the prior year with a corresponding 85% increase in gross revenues. The group attributes the exponential growth to increased marketing activity, flexible transaction structuring, and superior client service.