TSL Express Daily Articles & News

CIBC Innovation Banking announced today that it has provided growth financing to support Work Truck Solutions, a leading provider of software solutions for the commercial vehicle industry.

Trafigura Trading LLC (“Trafigura”), a wholly-owned subsidiary of Trafigura Group Pte Ltd, has this month renewed its North America Energy Borrowing Base Credit Facility (the “Facility”).

Knight Therapeutics Inc. (TSX: GUD) ("Knight" or “the Company”), a pan-American (ex-US) specialty pharmaceutical company, announced today that it has entered into a revolving credit facility (“the Credit Facility”), with National Bank of Canada (NBC).

Golub Capital BDC, Inc. (NASDAQ:GBDC), a business development company with a market capitalization of $3.86 billion and an impressive 12.11% dividend yield, has amended its revolving credit facility with GC Advisors LLC, increasing its borrowing capacity from $200 million to $300 million.

Turning Rock Partners ("TRP" or "Turning Rock"), a New York-based private investment firm, announces Shahid Khoja has joined the firm as Head of Credit. Mr. Khoja brings nearly 20 years of experience across public and private credit investing and leveraged finance, with deep expertise in opportunistic credit, structured products and special situations.

Haversine Funding, a trusted capital partner to the specialty finance market, is pleased to announce a new wave of fundings, highlighting its range of capital solutions for commercial lenders – from senior and junior lender finance lines of credit to participations in factoring, ABL, bridge loans, equipment lenders and more.

Truist Financial Corporation (NYSE: TFC) today announced it has hired Charles Alston as head of its new Nonprofit Hospitals, Higher Education and Government (HHG) banking team to drive focused growth and deepen client relationships.

Global law firm Squire Patton Boggs continued the expansion of its private capital and cross border financing capabilities with the addition of a three-lawyer team in its Private Credit and Direct Lending practice group.

Victory Park Capital (VPC), a global alternative asset manager specializing in private credit, has announced that Justin Maleson will expand his role to Managing Director, co-heading the firm’s legal credit investment strategy. The promotion underscores VPC’s ongoing investment in its legal finance capabilities and follows Maleson’s initial appointment in 2024 as Assistant General Counsel.

Culp Inc . (NYSE:CULP), a $49.86 million market cap company currently trading below its Fair Value according to InvestingPro analysis, has announced the extension and amendment of its asset-based revolving credit facility (ABL Facility) with Wells Fargo Bank, National Association.

Top 100 retailer At Home Group and its affiliates filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on June 16.

Diversified Healthcare Trust (Nasdaq: DHC) today announced the closing of a new $150 million secured revolving credit facility. The facility is secured by 14 senior housing communities with 2,632 living units managed by Five Star Senior Living, the operating division of AlerisLife Inc., and provides DHC with enhanced liquidity to support its general business needs.

Republic Business Credit successfully funded a $1,000,000 non-recourse factoring facility for a prominent Los Angeles-based fashion and textile manufacturer. Republic's tailored solution provided the company with an outsourced accounts receivable partnership, cash flow support and resources to identify the creditworthiness of its customers.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of a $9.5 million asset-based loan facility for a large-scale manufacturer of graphic printing solutions.

Wintrust Business Credit (WBC) announces the closing of a new $100 million asset-based revolving line of credit to this Midwest-based distributor. WBC acted as the administrative agent and lead arranger for the new credit facility.

Blank Rome LLP is pleased to announce that partner David M. Clem and associate Megan A. Altobelli have joined the firm’s nationally recognized Business Litigation group and Financial Services industry team.

Aviation Capital Group LLC (“ACG”) announced today the closing of a $1 billion delayed draw secured credit facility entered into with a syndicate of lenders and maturing in June 2027.

KeyBank is on track to increase its commercial banker headcount by 10% this year – targeting 170 to 180 commercial bankers by the end of 2025 – and plans to pursue more team hiring, Ken Gavrity, head of Key’s commercial bank, said Wednesday.

CleanCapital, a leading independent power producer and investor in distributed clean energy assets, has expanded its warehouse credit facility with Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition.

Barclay Damon announces Natalia Ahmad, associate, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. Her primary office location is Syracuse.