TSL Express Daily Articles & News

Chris Sheldon and Tal Reback published their quarterly credit letter, V for Volatility: Part II? In the note, they reflect on how volatility has returned in a more targeted way, how credit has held its ground in a shifting landscape, and why the ability to navigate across platforms and structures matters more than ever for achieving a truly diversified portfolio.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, today announced a recently originated $40 million senior secured term loan to Autobooks, a financial technology innovator providing integrated payment, invoicing, and accounting solutions specifically tailored for small and medium sized businesses.

MetLife's institutional asset management business announced on Wednesday the origination of $21.6B in private credit transactions in 2024.

Holland & Knight continues to strengthen its Corporate, M&A and Securities Practice Group with the addition of Hyung Soo Kim as a partner in New York. Mr. Kim will also be a key member of the Firm's Korea Practice Team. Before joining Holland & Knight, he was a partner at Arnold & Porter in its Seoul and New York offices.

Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility (the “Financing”) for Peer Advisors, parent company of Celink, the nation’s leading reverse mortgage subservicer. The Financing supports Celink’s continued ownership by private equity sponsor Further Global Capital Management (“Further Global”).

Infillion, a leading advertising technology company recognized for its modular and data-driven media solutions, has secured a $45 million asset-based revolving credit facility from SLR Digital Finance to support its continued growth and operational initiatives.

Armory Securities, LLC is pleased to announce that Revol Greens, a leading Controlled Environment Agriculture (“CEA”) greenhouse-based lettuce producer with over $200MM invested across four U.S. growing locations, has secured new financing and restructured existing indebtedness.

Barnes & Thornburg announced today that Joshua P. Hollingsworth has been appointed co-chair of the firm’s Mergers and Acquisitions practice group. Hollingsworth, is based in Indianapolis and has been with the firm since 2005. He shares co-chair duties for the M&A practice alongside Kepten Carmichael.

A long tenured and well-established NYC-based provider of plumbing and sewer services needed an innovative and flexible lender, who possessed a deep knowledge of their industry and could provide growth capital. InterNex Capital provided a $4 million senior secured financing, inclusive of a $2.5 million revolving line of credit and $1.5 million term loan.

WW International, Inc., the global leader in science-backed weight management, and certain of its affiliates (NASDAQ: WW) (collectively, “WeightWatchers” or the “Company”), announced today that it will implement a financial reorganization transaction (the “Transaction”) that will bolster its financial position, increase investment flexibility in its strategic growth initiatives, and better serve its millions of members around the world.

The amended agreement increases potential borrowing from $150 million to $200 million and restructures the facilities to provide for a $100 million revolver, a $50 million term loan, and a $50 million delayed-draw term loan.

First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $40 million credit facility to ADC Solutions Holdings.

Monroe Capital, Sumitomo Mitsui Banking Corporation (SMBC) and MA Asset Management (part of MA Financial Group, ASX: MAF) today announced the formation of a new joint venture (“JV”), which will invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers. The JV harnesses the complementary capabilities of the three partnering institutions to establish a differentiated platform focused on the attractive middle market subset of private credit.

Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the growth equity investment in Hoist Global Tech Solutions by WestView Capital Partners

BizCap®, a national commercial finance and advisory firm, today announced that it has successfully structured and secured a comprehensive financing package for Cerebelly, a leading producer of organic, nutrient-rich baby and toddler food formulated to support brain development.

UBS Group AG and General Atlantic announce today a strategic partnership focused on private credit opportunities. The collaboration between UBS and General Atlantic Credit (GA Credit) aims to enhance investing clients’ and borrowers’ access to a broader set of direct lending and other credit products.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of two recourse factoring deals in the apparel and beauty sectors totaling $2.5 million.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of two recourse factoring deals in the apparel and beauty sectors totaling $2.5 million.

First Citizens Bank today announced that its Healthcare Finance business provided $24.9 million to RX Health & Science Trust and Transwestern Investment Group for the recapitalization of Copper Point, a medical outpatient building located in Phoenix, Arizona.

Bridge Bank, a division of Western Alliance Bank, Member FDIC, today announced that its Innovation Banking Group has provided a new $20 million credit facility to industry-leading digital accessibility company AudioEye, Inc. (Nasdaq: AEYE).