TSL Express Daily Articles & News

Cambridge Wilkinson arranged $75 million in debt for a multi-strategy real estate development firm focusing on workforce housing, ground up-development and tax credit-related estate transactions.

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to Mairec Precious Metals U.S., Inc. ("Mairec" or the "Company") in the sale of substantially all of its assets to BASF Corporation ("BASF"). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of South Carolina. The transaction closed in October 2019.

Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, today announced the closing of a term loan to a portfolio company of Skyway Group that will be managed by Mission Health Communities LLC ("Mission Health"), a provider of senior living and skilled rehabilitation communities. The funds will be used for the acquisition of 15 skilled nursing facilities in Kansas.

Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $12,000,000 revolving line of credit facility and real estate term loan for a home and bath storage products distributor in Oregon.

Allied Affiliated Funding closed $500,000 in receivables financing to a Texas-based company that provides staffing services, primarily to the oil and gas industry and $150,000 in receivables financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies.

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a web and applications developer based in Illinois. Proceeds of the facility are being used to support the Company’s growth.

FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juan Carlos Raposo as a Senior Managing Director in Madrid to lead its M&A Advisory offering, FTI Capital Advisors Spain. With the appointment of Mr. Raposo, FTI Consulting expands its global footprint for M&A services to serve clients in Spain and throughout Europe.

The announcement comes as LendingUSA, a leading point-of-sale (POS) fintech company that offers merchants a seamless financing solution with access to instant pre-approval decisions, promotional financing terms and low monthly payment options, continues to see rapid growth in its markets.

CRH Medical Corporation (TSX: CRH) (NYSE MKT: CRHM) ("CRH" or the "Company") today announced that it has entered into a new, three year revolving credit facility (the "new facility"), which provides up to $200 million in borrowing capacity, and represents an increase from the company's previous $100 million facility.

SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the U.S. office-space sharing startup's co-founder Adam Neumann to relinquish control.

Amerisource Business Capital announced the closing and funding of a $25,000,000 credit facility for an oil field services company based in Texas and Oklahoma.

Santander today announces that it has agreed to sell its retail and commercial banking franchise in Puerto Rico, Santander Bancorp (the holding company that includes Banco Santander Puerto Rico), to FirstBank Puerto Rico, for a total consideration of approximately $1.1 billion (€1 billion) 1. Banco Santander Puerto Rico is the fourth largest banking franchise on the Island with a deposit market share of c.8%. It has 27 branches and 1,000 employees, with total assets of $6.2 billion (€5.6 billion).

Santander Bank today unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and provides access to local payment initiation and information reporting services in 15 markets around the world via a single point of entry.

Aligned Energy, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announced today it has completed a $495 million secured credit facility with investors including Goldman Sachs Bank USA, CPPIB Credit Investments Inc. (CPPIB Credit), a subsidiary of the Canada Pension Plan Investment Board, and a global investment management corporation.

Sallyport Commercial Finance offers a $500,000 accounts receivable facility, including a small purchase order solution that helps fuel future growth.

Northern has engaged Wells Fargo Securities as Left Lead Arranger, Bookrunner and Administrative Agent. Wells Fargo Securities has obtained lender commitments to the Credit Facility for substantially more than $800 million to date, subject to customary closing conditions.

ToneyKorf Partners, LLC was hired to lead Milford Health and Medical, Inc. (“Milford”), a not-for-profit corporation in Milford, CT, that included an acute care hospital, home care agency, captive insurance company, and medical office buildings. Like many community hospitals and systems, Milford was financially and operationally struggling despite cost-cutting measures and reductions in clinical service offerings.

Vcheck Global, a leading provider of business-to-business due diligence background checks, is delighted to announce the hiring of Adam Fromowitz. Fromowitz brings nearly a decade of experience in financial, technology, and professional services to his new role as a Managing Director for Vcheck Global.

Investors who have binged on the US private credit market in the last few years are now turning to the growing specialty finance space where competition is less intense and spreads are more attractive. Because of the complexity of the lending structures, the specialty finance market is only a fraction of the size of cash flow lending, but investors are attracted to the potential for double-digit returns and the enhanced protection from asset collateralization.