TSL Express Daily Articles & News

Terra Firma Capital Corporation (TII.V) ("Terra Firma" or the “Company”), is pleased to announce the closing of a US$40 million secured corporate line of credit (the “LOC”) with Texas Capital Bank (“Texas Capital”). The LOC replaces the previous corporate credit facility the Company had with a Canadian financial institution which was fully repaid in Q4 2019.

Orrick announced today that leveraged finance and direct lending rising star Anthony Kay has joined the firm as a partner in London. He joins Orrick from Latham & Watkins. Anthony joins an established finance team in London and will work alongside M&A and private equity partners James Connor and Daniel Wayte in growing the firm's private equity practice. James and Dan moved to Orrick in 2018 from Simpson Thacher and Milbank respectively.

Imperial Capital, LLC (“Imperial Capital”), today announced the continued expansion of its High Yield Sales Group with the hiring of Drew Hall, a senior high yield institutional sales professional who will be based in its New York Office.

Shoreline Equity Partners, LLC, a purpose-driven lower middle market private equity firm, has partnered with management to recapitalize Florida Veg Investments, LLC. Senior financing for the transaction was provided by NXT Capital and the junior debt financing was provided by Nuveen. SunTrust Robinson Humphrey represented Mr. Greens in the transaction.

Breakout Capital, a leading nationwide small business lender focused on transparent, business-friendly loans and product innovation, announced today the promotion of McLean Wilson from Chief Credit Officer to Chief Executive Officer and President. The industry veteran steps into the role with deep experience in asset-based lending, factoring, asset management, and capital raising for alternative investments.

Ares Commercial Finance announced that it has provided a $17.3 million senior secured credit facility to Cox Interior, Inc. comprised of a revolving line of credit and a term loan secured by real estate, machinery and equipment. Proceeds from the financing were used to refinance the company’s debt and to provide for ongoing working capital needs.

Tradewind Finance has completed a $1 million non-recourse factoring facility for a packaging manufacturer in the UAE that primarily sells to domestic big names. The company, who produces cardboard boxes and packing tape, is allocating the funding to purchase raw materials for new orders.

Oxford is the sole lead arranger and administrative agent in this transaction with Sheridan Capital Partners as the lead equity investor in Tarrytown.

Sundance Energy Inc. (NASDAQ: SNDE) (“Sundance” or the “Company”) today announced that the Company’s bank group has completed its scheduled fall borrowing base redetermination under the Company’s senior secured revolving credit facility, resulting in unanimous approval for a borrowing base increase to $210 million with an elected commitment of $190 million presently available, and an increase in the facility’s maximum credit amount to $500 million. The Company also announced TD Securities as the new administrative agent under the revolving credit facility.

Fusion, a leading provider of integrated technology solutions, today announced that the Company, along with each of its U.S. subsidiaries, has emerged from Chapter 11 bankruptcy protection, successfully completing its financial restructuring process and implementing its plan of reorganization (the "Plan"), which was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on December 17, 2019.

NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB;OTCQX: NIOBF) is pleased to announce that it has expanded its existing non-revolving credit facility between the Company and its Executive Chairman, Mark Smith, to US$2.5 million from the previous limit of US$2 million.

King Trade Capital is pleased to announce the completion of a $2.4MM purchase-order finance facility for a Florida-based, minority-owned government contractor (the “Client”). A financial consultant, who had previously utilized KTC to finance another government contractor, contacted King Trade Capital to help its current client acquire the capital necessary to fulfill its growing contracts with FEMA.

InterNex Capital announced recently completed transactions powered by Velocity, InterNex’s underwriting and business analytics platform.

Gibraltar ended its most successful year ever on a strong note, closing a $10 million credit facility for a New York-based heating oil distributor on December 23.

Stonebriar Commercial Finance announced that Alex Palazzolo has joined the company as Managing Director of Originations. Based in Plano, Texas, Alex will leverage existing and develop new relationships to source fixed asset secured loan and lease opportunities.

Business Capital structured and delivered a $5.5MM working capital facility for Wedderspoon, the largest seller of Manuka honey and its portfolio of branded products in North America. Sourced almost solely from New Zealand, Manuka is a rare and supercharged version of traditional honey with medicinal and nutritional properties. Coastline Capital, Wedderspoon’s private equity sponsor, brought in Business Capital to arrange financing for its rapidly growing portfolio company.

Simon Freakley, Chief Executive Officer of AlixPartners, said, "I congratulate our newly promoted Managing Directors on their new leadership roles. These exceptional individuals exemplify AlixPartners’ core values while delivering high impact results for our clients by guiding them through times of unprecedented disruption. I wish them every success in the next phase of their careers at AlixPartners."

Capital Southwest Corporation (“Capital Southwest”) (CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Cotton Creek Capital’s (“Cotton Creek”) recent acquisition of Landpoint, LLC and all of the Company’s subsidiaries, which include King Surveyors, LLC and West Company of Midland, LLC (collectively “Landpoint”) with a senior secured first lien term loan. Capital Southwest led the financing and will act as the sole administrative agent on the credit facility.

LongueVue Capital Partners ("LVC"), a partnership-driven, operator-centric private equity firm based in New Orleans with approximately $500 million of assets under management, announced today that Geoff Glass and Pete Allen have joined the firm as healthcare Operating Partners. Geoff, a seasoned pharma services executive, will focus on the life science space.

Sidley Austin LLP is pleased to announce that Parthiv Rishi has joined the firm in Singapore as a partner in its global M&A and Private Equity practice. Mr. Rishi was previously a partner at Linklaters LLP, where he led the firm’s financial sponsor and private equity practice in Southeast Asia.