TSL Express Daily Articles & News
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Siena Lending Group Closes a $78 Million Credit Facility for an Alcoholic Beverages Company
Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”). The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.
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The Secured Finance Foundation has joined forces with NYU Stern Executive Education to bring a multi-faceted learning experience taught by NYU Professor, Nathan Pettit (pictured) coupled with real-world secured finance applications.
This two-day course, held in person at NYU Stern June 20-21, will introduce attendees to a variety of analytical frameworks while simultaneously modelling tactical approaches – all with the focus on developing leadership skills.
TSL Express Daily Headlines & News
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Power Solutions International Announces Extension to Credit Agreement
April 1, 2024Power Solutions International, Inc. (the “Company” or “PSI”) amended its $130 million uncommitted senior secured revolving credit agreement (the “Fourth Amended and Restated Credit Agreement”), with Standard Chartered Bank, as administrative agent (“Standard Chartered”), and the lenders party thereto from time to time.
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Tidwell Group Combines with EisnerAmper
April 1, 2024Global business advisory firm EisnerAmper announces that the partners and colleagues of Birmingham, Alabama-based tax, assurance and advisory, and real estate consulting firm Tidwell Group, LLC, are joining EisnerAmper in a transaction expected to close in May 2024.
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FinWise Bancorp Appoints Jim Noone President and Hires Robert Wahlman as Chief Financial Officer
April 1, 2024FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the appointment of Jim Noone to President along with the hiring and appointment of Robert Wahlman as Chief Financial Officer, effective immediately. Mr. Wahlman will succeed Javvis Jacobson, who will remain with the Bank as Treasurer.
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AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities
April 1, 2024FC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced that it has provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state Florida operator.
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Unused Packaging and Labeling Equipment Available in Exceptional Opportunity for Food, Pharma, Medical and Other Industries
April 1, 2024Tiger Group is offering for immediate purchase unused packaging and labeling equipment from a shuttered pharmaceutical company.
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Installed Building Products Successfully Closes New Term Loan B Facility
March 28, 2024Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the "New Term Loan").
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Benefit Street Partners L.L.C. Announces Closing of $120 Million Loan on a Texas Office Portfolio
March 28, 2024Benefit Street Partners L.L.C. (“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio. Silver Star expects to sell all current assets within their portfolio and subsequently acquire self-storage properties and transition to a self-storage REIT.
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BHI Provides $50 Million to The Kolter Group To Finance 144-Unit Condominium Project “The Dillon” Located In Buckhead Neighborhood of Atlanta, GA
March 28, 2024BHI, a full-service commercial bank, announced that it has provided $50 million to an affiliate of The Kolter Group LLC as part of an overall $133 million credit facility secured to finance their 144-unit luxury condominium project “The Dillon” in the Buckhead neighborhood of Atlanta, Georgia. BHI is acting as administrative agent for the credit facility.
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LendingTree Announces $175 Million Financing From Apollo Funds
March 28, 2024LendingTree, Inc. (NASDAQ: TREE) ("LendingTree" or the "Company"), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced that it has secured up to $175 million in financing in the form of a first lien term loan facility (the "facility") from funds managed by Apollo affiliates (the "Apollo Funds").
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TAB Bank Appoints Justin Hatch as Chief Lending Officer
March 28, 2024TAB Bank has appointed Justin Hatch as its Chief Lending Officer, effective immediately. In his new role, Hatch will oversee the lending activities of TAB Bank’s working capital lending products, including asset-based lending, factoring, lending partnerships, lender finance, small ticket A/R financing and the bank’s commercial real estate.
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Varex Announces Closing of Revolving Credit Facility of $155 Million
March 28, 2024Varex Imaging Corporation (Nasdaq: VREX) today announced it has entered into a senior secured revolving credit agreement (the “RLOC Facility”) for an initial aggregate principal amount of up to $155 million. Zions Bancorporation, N.A. (“Zions”) acted as lead arranger and bookrunner for the new RLOC Facility. Simultaneously, Varex terminated its existing senior secured asset-based revolving credit agreement.
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Pemberton Closes Third Strategic Credit Fund at €2.3bn
March 28, 2024Pemberton Strategic Credit was launched in 2017 as a differentiated opportunistic direct lending strategy investing in primary performing companies across Europe, deploying €5.4bn across three vintages.
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Wristwatch, Accessory Company Turns to Republic Business Credit for Spring Growth
March 27, 2024Republic Business Credit proudly announces its collaboration with a designer wristwatch and accessory distributor to provide vital financial support for the upcoming spring and summer sales surge. Recognizing the distributor's growth potential, Republic has approved a $5 million factoring facility, ensuring seamless fulfillment of initial orders while safeguarding against heightened summer demand.
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Lawrence Financial Appoints Mena M. Rizk its Newest Partner
March 27, 2024Lawrence Financial appointed Mena M. Rizk its newest partner. Rizk has background in originating and underwriting transactions, coupled with a unique approach to financial solutions.
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K-Bro Announces New Upsized Syndicated Credit Facility
March 27, 2024K-Bro Linen Inc. ("K-Bro" or the "Corporation") (TSX: KBL) today announced that it has entered into a three-year, $175 million committed, syndicated revolving credit facility (the "Credit Facility"). The Toronto-Dominion Bank ("TD") is acting as lead arranger, sole bookrunner, and administrative agent, with National Bank of Canada and Canadian Western Bank as lenders (together with TD, the "Lenders").
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SLR Digital Finance Completes $2,000,000 Revolving Credit Facility for Digital Marketing Company
March 27, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is pleased to announce the funding of a $2 million asset-based revolving line of credit to a provider of digital marketing services. The proceeds of the credit facility were used to repay the bank and provide additional working capital for growth.
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EisnerAmper Names New Leaders in Software and Biotech
March 27, 2024New York-based IPA top 100 firm EisnerAmper (FY22 net revenue of $614 million) has announced the appointment of new leaders to head its technology and life sciences divisions. This move reflects the firm’s strategic endeavor to enhance its proficiency in these pivotal sectors.
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Leste Group Appoints Four Executives to New Senior Team Roles
March 27, 2024Leste Group (“Leste”), a global alternative investment manager, today announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.
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Houlihan Lokey Expands Financial Sponsors Coverage Capabilities with Experienced Hire
March 27, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Val Shapiro has joined the firm’s Financial Sponsors Group as a Managing Director to support and expand the team’s credit coverage efforts, focusing on alternative asset managers, hedge funds, credit funds, and collateralized loan obligations.
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Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About Upcoming Presidential Election
March 27, 2024Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty surrounding the retail and construction industries.
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