TSL Express Daily Articles & News

TKO Miller, LLC is pleased to announce the successful closing of TJ Hale Company’s debt financing, which will be used to support its growth and working capital needs. The debt package included a revolver, an equipment loan, and a cashflow term loan.

White Oak Healthcare Finance, LLC (“White Oak”) today announced it acted as administrative agent and lead lender on the funding of a $241 million senior credit facility secured by 19 skilled nursing facilities diversified across 6 states. The total portfolio comprised over 2,000 beds.

Ferroglobe PLC (GSM) (“Ferroglobe” or the “Company”) announced today that it has obtained the consent of its lenders for and entered into an amendment (the “Amendment”) to its existing revolving credit agreement (the “RCF”).

LBC Small Cap, an affiliate of LBC Credit Partners, a leading provider of financing solutions to lower middle market companies, provided a unitranche credit facility and equity co-investment to support Susquehanna Private Capital’s (“SPC”) acquisition of McNally Industries, LLC (“McNally”).

Coral Capital Solutions, a leading provider of financing solutions for medium sized enterprises, today announced a $7.5 million annual factoring facility with a profitable, fast growing provider of rehabilitative, educational and therapeutic services to children.

PNC Bank, National Association, announced today the closing of a $57.3 million senior secured credit facility to support Dallas, TX-based Crossplane Capital’s acquisition of the Accent Family of Companies (Accent).

Among other items, the amended credit facility extends the maturity date from March 23, 2023 to September 27, 2024; increases the aggregate revolving commitments from $500 million to $600 million.

Tradewind has closed a deal with a tire company based in China to provide a recurrent facility of $800,000 to support the company’s export business to the USA. The supplier, whose products are sold globally, has additional branches in the United States, Africa, and Southeast Asia.

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

LaPorta will be responsible for the growth of PCLC’s equipment sales finance business, primarily focused on Transportation, and the growth of PCLC’s other equipment markets.

The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.

Clear Thinking Group LLC announced today that Mark Fagnani has joined the firm as a Senior Managing Director. Mr. Fagnani has more than 30 years of hands-on experience working with large bank groups, private equity sponsors, turnarounds, workouts and insolvencies.

Nebraska Book Company (NBC) entered into a new five-year, asset-based loan facility with CIT Bank. Part of the proceeds will be used to replace its existing credit facility with Callidus Capital Corporation, which will mature in January 2020.

Irene will be a member of the executive leadership team at Accord, focusing on all aspects of capital markets, including sourcing, closing and managing financing relationships. She will be located in the firm's New York office

Expansion of Operating Line of Credit to $4.5 Million; Renewal of $3 Million Acquisition Line of Credit

Conifex Timber Inc. (TSX: CFF) (“Conifex”) announced today that it has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones.

U.S. Xpress Enterprises, Inc. (NYSE:USX) (the “Company”), the nation’s fifth largest asset-based truckload carrier by revenue, today announced that it has amended the Company’s credit facility.

Rayonier Advanced Materials Inc. (the “Company”) today announced that it has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment (the “Amendment”) under which, among other changes, the lenders have agreed to relax the Total Net Senior First Lien Secured Leverage Ratio and Interest Coverage Ratio tests through 2021.

Modeso LLC dba RapidFunds ("RapidFunds" or the "Company") announced today that it has closed on a $70 million term loan facility, consisting of a $40 million delayed draw term loan and $30 million accordion feature, with a multi-billion dollar institutional investment firm.

The funds will be used to pay off the previous lender and provide additional working capital for the company.