TSL Express Daily Articles & News

Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger.

Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or “HRZN”) (the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it has appointed Paul Seitz as its new Chief Investment Officer.

Cornerstone Business Credit is pleased to announce it recently funded a $300,000 line of credit to a medical transportation company. This long-standing business recently encountered strained cash flow and traditional bank financing was not an option.

SFNet’s Secured Finance Certified Professional (SFCP) program, offered to employees of SFNet members, features a robust curriculum of live online courses. Certification criteria are designed to reinforce industry excellence, elevate professional standing, and propel careers forward. Here, we spotlight one of our first SFCPs, Nicole Williams, (pictured) V.P. Field Examination-Asset Based Lending at Regions Business Capital Corporation.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $9 million accounts receivable and inventory revolver facility for an innovative online retailer of consumer products. The facility was used to pay down higher-cost debt and is providing the company with the capital needed to introduce new product lines and increase inventory to support its aggressive growth strategy.

Mayer Brown announced today that Joanna Suna has joined the firm as a partner in its Banking & Finance and collateralized loan obligations (CLO) groups in the New York office. Joanna represents issuers, underwriters and portfolio managers covering a wide range of transactional and regulatory issues involving CLOs, securities repackagings, and other types of complex structured products.

GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the closing of the third tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $300,000 (collectively the "Loans").

OR Royalties Inc. (the “Company” or “OR Royalties”) (OR: TSX & NYSE) is pleased to announce that it has amended its existing revolving credit facility (the “Credit Facility”), including the conversion from a Canadian dollar denominated facility to a United States dollar denominated facility, as well as an increase in the overall size of the Credit Facility.

Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC”) today announced that it has expanded its senior secured revolving credit facility (“Credit Facility”) to $50 million with an additional $20 million commitment from the facility’s Lead Arranger, an FDIC-insured bank with over $75 billion of assets.

Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware and services, today announced the completion of a private placement by its subsidiary of £270.0 million aggregate principal amount of senior secured notes due 2030 (the “2030 Senior Secured Notes”).

The NORDAM Group LLC (“NORDAM” or the “Company”) announced it repaid the remaining outstanding principal amount of its Term Loan B issued on 9 April 2019. The instrument was refinanced by the issuance of a new $225mm private credit term loan, due 2031. The new term loan was provided by a group of lenders led by Crestline Investors, Inc. with Crestline Direct Finance, L.P. serving as the Administrative Agent.

Solar Mosaic (the "Company" or "Mosaic"), a fintech platform for U.S. residential solar and energy-efficient home improvements, today announced the Company filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the Southern District of Texas (the “Court”).

Accuray Incorporated (NASDAQ: ARAY) today announced that, after an extensive review over the last several months, including the evaluation of numerous potential financing partners, it has entered into privately negotiated agreements with the holders of its existing 3.75% senior convertible notes due 2026 (the "Notes") to exchange an aggregate of $82.0 million principal amount of Notes for an aggregate of 8,881,579 shares of the Accuray's common stock (the "Shares").

Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the Company") today announced that it requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility to June 2028, expands the size of the facility, and improves flexibility.

Western Alliance Bank’s Food, Agriculture and Beverage team is pleased to announce the successful closing and funding of a $60 million Asset-Based Lending (ABL) facility to support the working capital needs of a California-based company specializing in the growing, processing and distribution of fresh vegetables. The ABL facility will support the company’s growth and ongoing working capital requirements from farmgate to its consumer brand.

The transaction closing marks the start of a multi-faceted partnership that will enable Lincoln to accelerate its strategy, unlock value creation opportunities, and provide growth capital to be deployed in areas of strategic focus.

Global law firm Greenberg Traurig, LLP has grown its Corporate Private Funds Group with the addition of Daniel F. Rayner as a shareholder in the New York office. He joins the firm from Clifford Chance.

Clarus Capital (“Clarus”), a private credit firm specializing in equipment finance solutions, is pleased to announce the closing of a $25 million equipment loan facility for a privately held waste transportation provider. Immediate financing proceeds supported the acquisition of new waste collection vehicles deployed to service recently awarded and existing multi-year contracts.

Acting Comptroller of the Currency Rodney Hood confirmed that the Trump administration is working on plans to revise capital requirements for banks, aiming to ease what he described as excessive regulations that could contain credit.

Global law firm Norton Rose Fulbright today announced that Kyle Gann, a highly regarded corporate lawyer, has joined its Chicago office as a partner in the business practice group and a member of the firm’s transactional and regulatory insurance team.