- Tikehau Capital Upsizes Its Existing Revolving Credit Facility to €1.15bn With an Extended Maturity to 20301
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- Market Sizing & Impact Study
- Armory Securities, LLC Announces the Successful Closing of a Credit Facility for Copper Cane Wines & Provisions
- TSL Feature Articles
TSL Express Daily Articles & News
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TPG to Acquire Angelo Gordon
TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, and Angelo Gordon, a $73 billion1,2 alternative investment firm focused on credit and real estate investing, today announced that the companies have entered into a definitive agreement under which TPG will acquire Angelo Gordon in a cash and equity transaction valued at approximately $2.7 billion, based on TPG Inc.’s share price as of May 12, 2023, including an estimated $970 million in cash and up to 62.5 million common units of the TPG Operating Group and restricted stock units of TPG, in each case, subject to certain adjustments.
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A Moritt Hock & Hamroff partner discusses the potential legal implications for companies that are not committed to diversity and inclusion as increasing shareholder pressures and legal complaints mount.
TSL Express Daily Headlines & News
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Poised for Growth, Powerhouse Resources and Outage Solutions Turn to LSQ for Working Capital
March 25, 2024LSQ, a leading provider of working capital finance and payments solutions, recently originated twin $2 million invoice finance facilities for sister companies serving the electric utility industry.
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Montfort Capital Announces New C$200 Million Credit Facility for Brightpath
March 25, 2024Montfort Capital Corporation, a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced an up to C$200 million senior secured, revolving credit facility (the "Credit Facility") for its wholly-owned subsidiary Brightpath Capital Corporation ("Brightpath") from funds managed by Atalaya Capital Management LP ("Atalaya").
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Natixis Corporate & Investment Banking Leads $1.27Bn Construction Financing of Four Renewable Energy Projects for Invenergy
March 25, 2024Natixis CIB acted as Joint Lead Arranger, Co-Green Loan Coordinator and Joint Bookrunner. Natixis CIB was also the sole Documentation Agent and Administrative Agent across the four financings.
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Altera, An Alternative Asset Manager, Exceeds $400M In Committed Capital
March 25, 2024Altera, an alternative asset manager that capitalizes the lower middle market, announced that it has surpassed $400M of capital commitments across its flagship private equity strategies and thematic private investments. Since inception, the firm has backed over 35 GPs across private equity, real assets, and private credit.
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Matador Resources Company Announces Amendment to Its Credit Facility and Completion of Natural Gas Pipeline Connections
March 25, 2024Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that Matador and its lenders successfully amended the Company’s credit agreement to, among other things, (1) increase the elected commitment from $1.325 billion to $1.5 billion, (2) increase the maximum facility amount from $2.0 billion to $3.5 billion and (3) extend the maturity date by three years to 2029. Matador is also pleased to announce that five new banks joined the credit facility, bringing the total bank group to 19 banks.
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The Consulting Report Names McDermott a Top 25 Technology Consultant and Leader of 2024
March 25, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Thomas McDermott, CISA, CRISC, CGEIT, Principal, CohnReznick Advisory, has been named one of The Consulting Report’s Top 25 Technology Consultants and Leaders of 2024.
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Gordon Brothers Completes Catch Co. Acquisition
March 25, 2024Gordon Brothers, the global asset experts, has completed the acquisition of substantially all the assets of Catch Co., a portfolio of fishing brands that has generated nearly $300 million in revenue since its inception in 2012 with the launch of Mystery Tackle Box.
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KBRA DLD Report: Direct Lending Defaults Low; Sponsored at 1.5%, Non-Sponsored at 3.5%
March 25, 2024-KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market. Highlights from the report are below:
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Dext Capital Upsizes Corporate Note Financing
March 25, 2024Dext Capital (Dext), a leading essential-use healthcare equipment lessor, announces the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.
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Eclipse Business Capital Provides $15mm ABL Credit Facility to a Connector & Cable Manufacturer
March 25, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $15 million senior secured ABL credit facility to a connector and cable manufacturer that primarily serves the telecommunications industry.
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WebBank Announces Erik Cannon named SVP – Chief Operations Officer
March 25, 2024Erik joined WebBank in September 2016 as the Vice President of Due Diligence and Implementation bringing many years of risk management, business development, operations, relationship management and leadership experience.
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Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise
March 25, 2024Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer.
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OHA is the Left Lead Arranger of STV’s Private Unitranche Financing
March 25, 2024Oak Hill Advisors (“OHA”) served as the Left Lead Arranger for the private financing of STV Group, Inc. (“STV”), which is partnered with The Pritzker Organization (“TPO”).
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Prestige Capital Supports the Growth of an AI Company with a $7,500,000 line
March 25, 2024A cutting-edge artificial intelligence company based in Salt Lake City faced a funding roadblock during a four-month engagement with a potential funding source. Despite persistent efforts, the needed funding remained elusive, hindering the company's ability to capitalize on emerging opportunities within the AI sector.
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B. Riley Recognized by the M&A Advisor Turnaround Awards 2024
March 25, 2024B. Riley Financial (Nasdaq: RILY) ("B. Riley") is pleased to announce it was honored by The M&A Advisor at the 18th Annual Turnaround Awards Gala during the 2024 Distressed Investing Summit on March 18-19, 2024 in Palm Beach, FL.
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Dye & Durham Announces Marketing of New Credit Facility
March 21, 2024Dye & Durham Limited ("Dye & Durham" or "Holdings"), (TSX: DND) today announced that Dye & Durham Corporation (the "Company"), a wholly-owned subsidiary of Holdings, commenced the marketing of a new senior secured Term Loan B facility and revolving credit facility (the "New Senior Secured Credit Facilities"). In conjunction with the New Senior Secured Credit Facilities, and subject to market and other conditions
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Air Canada Completes Closing of U.S.$2.15 Billion Senior Secured Credit Facilities
March 21, 2024Air Canada announced today that it has completed the closing of U.S.$2.15 billion senior secured credit facilities, comprised of (i) a U.S.$1.175 billion term loan B maturing in 2031 (the "Term Loan") and (ii) a U.S.$975 million revolving credit facility maturing in 2029 (the "Revolving Facility" and, together with the "Term Loan", the "Senior Credit Facilities").
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Teresa C. Kohl Recognized with the M&A Advisor’s 2024 Leadership Award
March 21, 2024SSG Capital Advisors, a leading special situations investment bank, announced that Managing Director Teresa C. Kohl was presented with the M&A Advisor’s Leadership Award during the 18th Annual Turnaround Awards Gala in West Palm Beach, Florida on March 19.
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Mitsubishi HC Capital America Targets AI Predictive Purchase Model
March 21, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, continues to make significant strides in its digital transformation efforts with the recent integration of MuleSoft Robotic Process Automation (RPA).
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Par Pacific Announces Expected Increase in ABL Commitments to up to $1.4 billion and Replacement of Intermediation Facility
March 21, 2024Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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