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Finacity Facilitates USD 50 Million Receivables Securitization for Kudelski S.A.
Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS. 

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SFNet’s Emerging Leaders Summit, Mid-Year Roundtables to Offer More Networking Opportunities
SFNet’s Emerging Leaders Summit (formerly YoPro Leadership Summit) will be held in Florida for the first time since its inception in 2018. This year, SFNet is adding Mid-Year Member Roundtables, a CEO Roundtable (invitation only), and a Chapter Presidents meeting held in conjunction with the Summit, May 22-23, 2023 at the Innisbrook Resort in Palm Harbor, FL.

“Our younger members have told us they want to build relationships with cohorts at all levels of experience and influence as well as with their peers,” said Rich Gumbrecht, CEO, SFNet. “So, we tried something new this year by coupling our Mid-Year Member Roundtables and Chapter Presidents meeting with the Emerging Leader Summit. We programmed lots of interconnectivity through social events and shared programming to create a contact-rich environment.”

TSL Express Daily Headlines & News

  • Petersen Health Care Files Voluntary Petition for Relief Under Chapter 11
    March 21, 2024
    Petersen Health Care (“Petersen” or “The Company”), an operator of nursing homes and assisted living and long-term care facilities in Illinois, Iowa and Missouri, today announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate the restructuring of its balance sheet.
  • Fetch Secures $50 Million from Morgan Stanley After Achieving Profitability, Signaling Strong Growth Ahead
    March 21, 2024
    Fetch, America's Rewards App, has secured $50 million in debt financing from Morgan Stanley Private Credit. This infusion of capital will prime Fetch for another year of aggressive growth as the now-profitable company accelerates its journey to become the world's first rewards-for-everything platform.
  • Cambridge Savings Bank Provides Stauer With a $10.5 Million Credit Facility to Facilitate Future Growth
    March 20, 2024
    Cambridge Savings Bank​ (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that its Asset-Based Lending (ABL) team has provided a $10.5 million credit facility to Stauer, a direct marketing retailer offering consumers affordable jewelry, watches, accessories, and collectibles with a satisfaction guarantee.
  • Olivia Hudson Promoted to Portfolio Manager at Sallyport Commercial Finance
    March 20, 2024
    Sallyport Commercial Finance, LLC announced that Olivia Hudson has been promoted to program manager. This pivotal new role reflects Sallyport's commitment to excellence as it grows.
  • Sallyport Commercial Finance Provides $750,000 in Growth Capital for Staffing Visionaries
    March 20, 2024
    Sallyport Commercial Finance announced it has provided $750,000 in accounts receivable financing for Staffing Visionaries, that will facilitate the company delivering innovative industry solutions and realizing their growth goals.
  • Capital Southwest Announces New $150 MM Secured Credit Facility
    March 20, 2024
    Capital Southwest Corporation (“Capital Southwest” or “we”") (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that its wholly owned subsidiary, Capital Southwest SPV LLC (the “SPV”), entered into a senior secured revolving credit facility (the “SPV Facility”) with Deutsche Bank AG, New York Branch.
  • MITER Brands Announces $500 Million Offering of Senior Secured Notes
    March 20, 2024
    MITER Brands ("MITER") announced today the commencement of a private offering of $500 million aggregate principal amount of senior secured notes due 2032 (the "Notes") to be issued by two of its wholly-owned subsidiaries, MITER Brands Acquisition Holdco, Inc. ("Acquisition Holdco") and MIWD Borrower, LLC ("MIWD Borrower"), as co-issuers. MITER intends to use the net proceeds from the offering of the Notes as part of its financing for its previously-announced acquisition (the "Acquisition") of PGT Innovations, Inc. ("PGTI").
  • Globavend Holdings Limited Enters Into a US$20,000,000 Equity Line of Credit Facility to be Registered on Form F-1
    March 20, 2024
    Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, is pleased to announce that it has entered into a US$20,000,000 equity purchase agreement (the “Equity Purchase Agreement”) with Square Gate Capital Master Fund, LLC – Series 1 (“Square Gate”), as well as a registration rights agreement (“Registration Right Agreement”) related thereto.
  • Kobalt Music Group Announces Transactions to Increase Funding Capacity to More than $1 Billion
    March 20, 2024
    Kobalt Music Group, the world's leading independent music publishing company powered by innovative technology, announced the execution of its inaugural $266.5 million Asset-Backed Securitization ("Term ABS") transaction, comprising more than 5,000+ musical works from 66 writers across more than 50 catalogs, and a new $450 million Revolving Credit Facility ("RFC").
  • Crescent Energy Announces Offering of $700 Million Private Placement of Senior Notes Due 2032
    March 20, 2024
    Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), to eligible purchasers $700 million aggregate principal amount of Senior Notes due 2032 (the “Notes”).
  • Briar Capital Expands Again and Hires Jonathan “JD” Davis
    March 20, 2024
    Briar Capital Real Estate Fund LLC (www.BriarCapital.com) is pleased to announce the continued expansion of its business development team with the hiring of Jonathan “JD” Davis. Working out of Briar’s Houston corporate office, Davis will be responsible for sourcing new business in Texas and the Southwest United States as Vice President of Business Development.
  • Gambling.com Group Secures New $50 Million Credit Facility
    March 20, 2024
    Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of player acquisition services for the regulated global online gambling industry, today announced the closing of a new credit facility (the “Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) in the principal amount of $50 million, comprised of a $25 million revolving credit facility and a $25 million term loan facility.
  • Finacity Facilitates a USD 30 Million Receivables-Based Loan Program for Novaria Holdings LLC with Synovus Bank
    March 20, 2024
    Finacity Corporation (“Finacity”), a White Oak Company, and Synovus Bank (“Synovus”) today announced that they have successfully arranged and closed a USD 30 million receivables-based loan program for Novaria Holdings LLC (“Novaria”), a leading manufacturer of specialty aerospace hardware.
  • TAB Bank Promotes Terri Lins to Chief Credit Officer
    March 20, 2024
    TAB Bank announced today the promotion of Terri Lins as Chief Credit Officer, effective immediately. Lins has been an integral part of the TAB Bank team for more than a decade, most recently serving as Senior Vice President and Senior Credit Officer.
  • Monroe Capital Hires Waleed Noor as Head of Middle East and Plans to Open Abu Dhabi Office
    March 20, 2024
    Monroe Capital LLC (“Monroe”) today announced it has expanded its platform to the Middle East with the appointment of Waleed Noor as Managing Director and Head of Middle East Distribution. Monroe is in the process of opening an office in Abu Dhabi. Mr. Noor will be based in Abu Dhabi and be responsible for representing Monroe throughout the region.
  • Haynes Boone Advises BiomX in Completed Merger with Adaptive Phage Therapeutics and $50 Million Financing
    March 20, 2024
    A deal team from Haynes and Boone, LLP advised BiomX Inc. (NYSE: PHGE) in its merger with Adaptive Phage Therapeutics, Inc. (APT) and the concurrent $50 million private placement financing. The merger created an impactful phage therapy company with a robust pipeline, featuring two Phase 2 assets targeting chronic pulmonary infections in cystic fibrosis patients and diabetic foot osteomyelitis.
  • Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt
    March 19, 2024
    Allison Transmission Holdings Inc. (NYSE: ALSN) (“Allison” or the “Company”) announced today that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”).
  • Kyte Secures $250M in Asset-Backed Debt with Barclays and Waterfall to Scale Fleet
    March 19, 2024
    Kyte (https://kyte.com), the company pioneering cars delivered to you on-demand, today announced the closing of an asset-backed credit financing of up to $250 million from Barclays Bank ("Barclays") and Waterfall Asset Management ("Waterfall") to accelerate the company's fleet growth and profitability.
  • Holland & Knight Advises DifGen Pharmaceuticals on Acquisition of Manufacturing Facility in South Florida
    March 19, 2024
    Holland & Knight advised DifGen Pharmaceuticals LLC on its all-cash purchase, through its subsidiary Aveva Drug Delivery Systems Inc., of the operating and manufacturing assets of a U.S. Food and Drug Administration (FDA)-registered manufacturing facility owned by New Vision Pharmaceuticals and located in Tamarac, Florida.
  • Huntington Business Credit Closes New $45 Million Facility with SDB Trade International, LLC
    March 19, 2024
    Huntington Business Credit announced it closed a $45,000,000 new credit facility with SDB Trade International, LLC on February 16, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

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