TSL Express Daily Articles & News

Sunnova Energy International has announced that it has closed an aggregate USD 150 million in financing through an approximately USD 95 million revolving asset-based loan facility and a private placement of USD 55 million aggregate principal amount of convertible senior notes.

A subsidiary of B. Riley Financial Inc. in Woodland Hills and Kayne Anderson Capital Advisors in Los Angeles will provide a $700 million credit facility to finance the buyout of a furniture store chain.

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has closed the previously announced senior secured first lien credit facility of up to $42.7 million (the “Facility”) with Maynbridge Capital Inc. (the “Lender”).

Encina Business Credit, LLC (EBC) announced today that it has provided a $10 million senior secured credit facility to a leading provider of oilfield equipment and services.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based distributor of contract manufactured electrical testing devices

Advance Auto Parts is acquiring Sears’ DieHard brand, known for its car batteries, for $200 million in cash, CNBC has learned.

Dean Foods Company (NYSE: DF) (“Dean Foods” or the “Company”) today announced that the U.S. Bankruptcy Court for the Southern District of Texas has entered a final order granting the Company authority to access the full amount of its $850 million in debtor-in-possession (“DIP”) financing.

Abu Dhabi National Energy Company, TAQA, announced today that it has secured a US$3.5 billion revolving credit facility.

Encina Business Credit, LLC (EBC) announced today that it has provided a $15 million senior secured credit facility to a coal mining company. The facility consists of a revolving line of credit based on accounts receivable and equipment. Loan proceeds will be used to support working capital and maintenance capex.

Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small- and medium-sized businesses, announced today the hiring of Moises Bolanos as Senior Vice President of Client Experience. Bolanos joins Triumph after nearly four years in a similar role at eCapital, a freight factoring company based in Southern California.

Cobb County stalwart Rob Garcia joins Pinnacle as the firm’s Atlanta president. Garcia will immediately begin building a team of experienced financial professionals to serve commercial, small business and personal clients. The process is underway to identify a location for the first Pinnacle office in Georgia.

SunTrust Robinson Humphrey, KeyBank and JP Morgan served as joint lead arrangers on the transaction.

Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") have received an additional extension to the maturity date, associated with the Company's existing senior secured reserve-based revolving credit facility (the "RBL Facility"), until January 15, 2020.

The amended Facility was joint-led by the Bank of Nova Scotia, BMO Capital Markets, and TD Securities. Additionally, the syndicate includes the Canadian Imperial Bank of Commerce, National Bank of Canada, and ING Capital LLC.

Vivint Solar announced it closed a $200 million revolving asset-based loan facility. The facility will help fund the company's continued growth in 2020 and beyond by allowing Vivint Solar to finance the purchase of safe harbor equipment and receive attractive advance rates on projects throughout the development life cycle. The lenders include affiliates of Bank of America Securities and Credit Suisse.

JPMorgan acted as sole bookrunner and lead arranger and will serve as administrative agent and lender under the revolving credit facility, while Wells Fargo, Bank of America, Cadence Bank and Wintrust Financial will serve as additional lenders.

BPG, through its financing subsidiary, BPG International Finance Co. LLC, provided a senior secured loan to Grabit in June 2018. The purpose of the loan was to help advance electro-adhesion technologies for customers of both Grabit and BPG.

Faegre Baker Daniels and Drinker Biddle & Reath announced the combination of their law firms, following an affirmative vote by the partnerships of both organizations. The combined firm will begin operations as Faegre Drinker Biddle & Reath (Faegre Drinker) on Feb. 1, 2020. Designed for clients, Faegre Drinker will have more than 1,300 attorneys and consultants and 22 offices worldwide.

Global law firm Ropes & Gray announced today that Martin Q. “Marty” Ruhaak has joined the firm in Chicago as a partner in the firm’s preeminent private equity transactions practice group.

Betty Hernandez, Executive Vice President and CCO of North Mill Capital had been appointed to the Executive Committee of Secured Finance Network (SFNet), an international trade association for organizations and professionals who deliver and enable secured financing. The $4.1 trillion secured finance industry provides seven major types of financing to businesses: asset-based lending, factoring, supply chain finance, equipment finance and leasing, leveraged lending, cash flow lending, and securitization.