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Wingspire Capital Commits $30 Million Term Loan and $15 Million Revolver to Mondee as Part of Add-On Financing

Wingspire Capital LLC (“Wingspire”) committed a $30 million term loan A and a $15 million revolver to travel technology and marketplace firm Mondee, Inc., participating and adding to an existing loan facility led by TCW Asset Management Company LLC.

The proceeds will be used to  fund general corporate business for the Austin, Texas-based company, including a disciplined and accretive M&A strategy.

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Hubert-Candice
Interview with Candice Hubert, Member of SFNet’s Diversity, Equity & Inclusiveness Committee
Representing Republic Business Credit in the Texas market out of an expanding Houston office, Candice brings more than 18 years of banking and commercial finance experience. Candice joined Republic in 2012, after a long tenure with Chase Bank providing asset-based lending solutions to a multitude of industries. Candice has been able to assist clients in start-up, high-growth, and recoverable distressed situations and values the opportunity to work with industry partners across the United States.   She is a member of the Houston Chapter for the Secured Finance Network, Association for Corporate Growth, and a member of Turnaround Management Association.  In 2018, Candice was a proud recipient of the Secured Finance Network's 40 Under 40 Award and continues to serve as an advocate for SFNet programs by participating in business development panel discussions and has been featured in past SFNet informative articles.   

TSL Express Daily Headlines & News

  • Oaktree Closes First Life Sciences Fund at $2.3B
    June 26, 2023
    Oaktree Capital Management has raised $2.3 billion for its oversubscribed first dedicated life sciences fund. The company said the fund will look to provide capital solutions to companies across the life sciences sector globally, with a focus on “high-growth subsectors such as biopharma and medical devices”.
  • First Citizens Bank Provides $10 Million in Financing to Nordic Hamburg
    June 26, 2023
    First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, arranged to provide Nordic Handysize IV AS, a subsidiary of Nordic Hamburg, $10 million to finance two dry bulk ships. ​
  • Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility
    June 26, 2023
    Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the maturity of our revolving secured line of credit facility with a commercial bank syndicate from June 22, 2025 to June 22, 2026.
  • Vince Holding Corp. Successfully Completes Refinancing of ABL Credit Facility
    June 26, 2023
    Vince Holding Corp. (NYSE: VNCE) (“VNCE” or the “Company”), a global contemporary retailer, today announced that it has entered into a new five-year credit agreement for an $85 million senior secured asset-based revolving credit facility (“ABL Credit Facility”) expected to mature in June 2028. The new ABL Credit Facility was entered into with Bank of America, N.A acting as administrative agent and replaces the Company's previous $70 million senior secured asset-based revolving credit facility.
  • Liberty Defense Announces Factoring Agreement to Support Improved Working Capital Credit Facility up to $10M
    June 26, 2023
    Liberty Defense Holdings Ltd., a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, announces it has finalized an accounts receivable-based factoring agreement with a well established financial firm that will advance capital to the Company.
  • BHI International Commercial and Industrial Team Arranges $40 Million Financing For A Premier Global Insurance Provider
    June 26, 2023
    BHI, a full-service commercial bank, announced that its International Commercial & Industrial Team has provided a $40 million credit facility for the issuance of standby letters of credit to a premier global insurance company. The facility, backed by the premier global insurance provider, will support the ongoing efforts of Doral Renewables LLC (“Doral Renewables”), to further develop its renewable energy pipeline in the US.
  • Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index
    June 26, 2023
    The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for May was $9.5 billion, up 1 percent year-over-year from new business volume in May 2022. Volume was down 2 percent from $9.7 billion in April. Year-to-date, cumulative new business volume was up 0.9 percent compared to 2022.
  • Ares Management Acquires $3.5 Billion Lender Finance Portfolio from Pacific Western Bank
    June 26, 2023
    Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that certain funds managed by its Alternative Credit strategy (“Alternative Credit”) have completed the acquisition of a $3.5 billion specialty finance loan portfolio (the “Portfolio”) from PacWest Bancorp (Nasdaq: PACW).
  • Huntington Business Credit Provides $40 Million Credit Facility to Tex-Tube Company
    June 26, 2023
    Huntington Business Credit announced it closed a $40,000,000 new credit facility with Tex-Tube Company on May 25, 2023. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
  • Caltius Structured Capital Fuels AspireHR's Growth with Significant Debt and Equity Investment
    June 26, 2023
    Caltius Structured Capital, is pleased to announce a debt and equity investment in AspireHR, a Human Capital Management (HCM) implementation, software, and managed services firm. The strategic infusion of capital will bolster AspireHR's growth trajectory and allow it to strategically invest in new innovation.
  • Republic First Bancorp, Inc. Enhances Senior Leadership Team with Appointment of Brian F. Doran as Executive Vice President and General Counsel
    June 26, 2023
    Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the parent company of Republic First Bank d/b/a Republic Bank (the "Bank"), today announced the appointment of Brian F. Doran, Esq., as Executive Vice President and General Counsel, effective June 20, 2023. Mr. Doran has a distinguished background in the financial services industry that includes relevant legal and corporate governance roles at top institutions.
  • Theratechnologies Draws Down on US$20 Million Second Tranche Under its Term Loan Facility With Affiliates of Marathon Asset Management
    June 26, 2023
    Theratechnologies Inc. (“Theratechnologies”, the “Company”, or “we”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it drew down on its second tranche of US$20 million under its credit agreement dated July 20, 2022, as amended (the “Credit Facility”), with certain funds and accounts for which Marathon Asset Management, L.P. acts as investment manager (collectively, “Marathon”).
  • Alvarez & Marsal's Automotive & Industrials Group Names Sohin Chinoy a Managing Director In Its Dallas Office
    June 26, 2023
    Mr. Chinoy brings more than two decades of consulting, real-world strategy and M&A experience across a wide field of engagements and management decision levels. He advises global clients in transportation and logistics sectors, supply chain management, industrial automation and robotics technology, commercial real estate, defense and aerospace, and financial services.
  • 6sense Secures $100 Million Revolving Debt Facility with Silicon Valley Bank
    June 26, 2023
    6sense, the leading platform to revolutionize the way B2B organizations create, manage and convert pipeline to revenue, today announced it has secured new debt financing totaling $100 million comprising a senior secured revolving credit facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. ​
  • McGuireWoods Appoints New Office Leaders
    June 26, 2023
    Maintaining the firm’s longstanding practice of rotating key leadership positions, McGuireWoods has appointed new office leaders in Los Angeles; Austin; Washington, D.C.; Pittsburgh; and Tysons, Virginia.
  • GridPoint Announces New $150M Credit Facility from HASI to Expand Financing of Energy Optimization Platform
    June 26, 2023
    GridPoint, a leader in energy management and optimization technology that decarbonizes commercial buildings, today announced that HASI (NYSE: HASI), a leading investor in climate solutions, has provided a credit facility of up to $150 million to enable GridPoint to meet the growing demand for its award-winning energy optimization platform.
  • Scorpio Tankers Inc. Announces a New Credit Facility
    June 26, 2023
    Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94 million. The credit facility will be used to finance one MR product tanker and three LR2 product tankers.
  • O2 Sponsor Finance Provides $24.5MM Credit Facility to Support Tilia Holding’s Recapitalization of Refrig-IT
    June 22, 2023
    O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $24,581,000 in senior secured credit facilities to support Tilia Holding's recapitalization of Refrig-IT Inc. and its affiliate Trilogy Warehouse Partners (together "Refrig-IT").
  • Star Mountain Capital Adds Longtime Goldman Sachs Veteran, MaryAnn Stauffer, as Managing Director
    June 22, 2023
    Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with approximately $3.5bn AUM, focused on delivering systematic alpha and low market correlated returns from the lower middle-market, announced that MaryAnn Stauffer has joined as a Managing Director from Goldman Sachs Asset Management to help Star Mountain continue to bring institutional quality investment products to qualified wealth management firms, family offices and high-net-worth investors.
  • Grant Thornton Expands Private Equity Offerings
    June 22, 2023
    Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, is expanding its private equity capabilities by hiring Bill McManus and Alex Arata to lead the firm’s Value Creation Planning services offering.

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