- Sallyport Commercial Finance Welcomes Josh Sapolich
- T-Max Lending LLC Successfully Finalizes $22 Million Multifamily Loan in Titusville, Crawford County, Pennsylvania
- Sallyport Commercial Finance Delivers the Vision with a $2 Million Funding Solution
- Soleno Therapeutics Enters Into $200 Million Debt Financing with Oxford Finance LLC
- Pathward Lends $15 Million to Transportation Parts Distributor to Provide Working Capital
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Rockland Trust recently expanded its Asset Based Lending Team with the appointment of William Walsh as Vice President, Relationship Manager. In this role, Mr. Walsh is responsible for cultivating and nurturing relationships with clients across the team’s portfolio.
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The Secured Finance Foundation has again joined forces with NYU Stern Executive Education to bring a multi-faceted learning experience taught by NYU Professor, Nathan Pettit coupled with real-world secured finance applications. This two-day course, held in person at NYU Stern, June 11-12, 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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Crown Partners Serves as Exclusive Financial Advisor on $175 million Senior Debt Recapitalization
September 24, 2024Crown Partners announced that it served as exclusive financial advisor to a sponsor-backed distributor for a wide range of home services products (the “Company”). In connection with this mandate, Crown arranged a new $75 million ABL revolver for the Company with Siena Lending Group, and restructured an existing $100 million term loan from the Company’s cash flow term lender.
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NXT Capital Closes Senior Credit Facility in Support of GHK’s Acquisition of Horizon Group
September 24, 2024NXT Capital announced today that it closed a senior credit facility in support of the acquisition of Horizon Group by GHK Capital Partners LP (“GHK”). NXT Capital acted as the Co-Lead Arranger and Joint Bookrunner on this transaction.
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Clifford Chance Advises Gonher Music on Acquisition of Sam Ash
September 24, 2024Clifford Chance has advised Mexico-based Gonher Music Center on its acquisition, through newly formed US affiliates, of storied US music retailer Sam Ash. The 42-store retail chain filed for Chapter 11 bankruptcy protection in May 2024, citing declining sales as customers shifted to online shopping during the COVID-19 pandemic, and subsequently launched a court-supervised sale process under Section 363 of the Bankruptcy Code.
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Oportun Announces $306 Million Committed Warehouse Facility Extension
September 24, 2024Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include: $306 million total commitment; Goldman Sachs as senior lender – and Jefferies, as mezzanine lender – both existing, longstanding lenders to Oportun
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Butterfly Announces $300 Million Dividend Recapitalization of Milk Specialties Global
September 24, 2024Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced the successful closing of a $300 million second lien term loan facility (the “Second Lien Term Loans”) issued by portfolio company Milk Specialties Global (“Milk Specialties” or the “Company”).
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SFNet Key Sponsor Highlight: SierraConstellation Partners (SCP)
September 24, 2024SierraConstellation Partners (SCP) is an interim management and advisory firm serving middle-market companies and their partners and investors that are navigating their way through difficult business challenges.
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Life Time Completes Revolver Upsize and Extension
September 23, 2024Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced that its wholly-owned subsidiary, Life Time, Inc., has completed the refinancing of its revolving credit facility.
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Latham Advises on Halyk Bank’s US$300 Million Syndicated Term Loan
September 23, 2024Latham & Watkins has advised the banks on Halyk Bank of Kazakhstan’s successful signing of its US$300 million syndicated term loan, comprising one-year and three-year tenor tranches.
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Republic Business Credit Funds $1.5M Asset-Based Loan for California-based Temporary Staffing Company
September 23, 2024A California-based, national staffing firm wanted a new financing partner after its incumbent bank opted not to renew its current line of credit due to the size of the credit facility, as the bank chose to focus on mid-market clients.
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Paul Hastings Further Strengthens Market-Leading Restructuring Platform with Partner in Dallas
September 23, 2024Further strengthening its market-leading financial restructuring practice and continuing its strategic expansion in Texas, Paul Hastings LLP has added restructuring lawyer Charles Persons as a partner in Dallas.
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Wrena, LLC Files for Chapter 11 Bankruptcy to Pursue Sale
September 23, 2024Wrena, LLC, a leading full-service automotive supplier of stamped structural, tubular components, assemblies, and fine blank components, today announced that it has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan to pursue a sale of the company's assets.
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Alaska Air Group Announces Proposed Mileage Plan Financing
September 23, 2024Alaska Air Group, Inc. (the "Company") today announced that it launched a proposed senior secured term loan facility and intends to issue additional pari passu senior secured debt (collectively, the "Mileage Plan Financing"). The aggregate principal amount of the Mileage Plan Financing is expected to be $1.5 billion.
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Lighthouse Provides $3,175,000 Credit Facility to Atlanta Based Healthy Snack & Supplement Co.
September 23, 2024Lighthouse Financial Corp. is pleased to announce the completion of a $3,175,000 Credit Facility to an Atlanta-based manufacturer and distributor of healthy snacks and supplements.
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Siena Lending Group Expands Healthcare Originations Team
September 23, 2024Siena Lending Group LLC ("Siena") is pleased to announce that Jackson Bunn has joined the team as Vice President, New Business Originations within the Healthcare Division. Jackson has 11 plus years of diverse experience across ABL and Real Estate finance in the Healthcare sector and will be located in North Carolina.
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Miller & Chevalier Adds Tax Controversy and Litigation Member Brian Gleicher
September 23, 2024Miller & Chevalier Chartered is pleased to announce Brian Gleicher has joined the firm as a Member in the Tax Controversy and Litigation practice. Gleicher brings decades of experience in guiding multinational corporations through complex tax issues.
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Mountain Ridge Capital Provides $15 Million Credit Facility to Owlet, Inc.
September 23, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a new credit facility for Owlet, Inc. (NYSE: OWLT). The new agreement provides for a three-year revolving credit facility of up to $15 million, increasing to up to $20 million on the first anniversary of closing.
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CohnReznick’s Huddleston and Wissink Named to Crain’s Chicago Business 2024 Notable Leaders in Accounting, Consulting, and Law List
September 23, 2024Helana Robbins Huddleston, Partner, Transaction Advisory Services and Co-Leader of the Manufacturing and Distribution practice, and Jeff Wissink, Principal, Performance Improvement Practice Leader, are both members of CohnReznick’s Transaction Advisory Services practice.
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WSFS Promotes Terry Kistler to Senior Vice President, Regional Manager of Southern Delaware
September 23, 2024WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the promotion of Terry Kistler to Senior Vice President, Regional Manager of the Southern Delaware region, reporting to Shelly Kavanagh, Senior Vice President and Director of Retail Delivery.
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Barclays office building with blue sky. Barclays Appoints Two New Senior Leaders in Investment Banking for Canada
September 23, 2024Barclays today announces the appointments of Greg Petit as Head of Infrastructure, Power and Utilities for Canada, and Ken Davis as Head of Western Canadian Coverage. Mr. Petit will be based in Toronto, will report to Ryan Voegeli, Head of Investment Banking for Canada, and will collaborate closely with Sean Diskin, Head of Power & Utilities for the Americas.
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Bahlam Capital Provides Mezzanine Loan to Albedo Solar
September 23, 2024Bahlam Capital (“Bahlam”), a Central American-based private equity firm focused on transformational growth opportunities, announced that it provided growth capital in the form of a mezzanine loan to Albedo Solar Leasing, S.A. (“Albedo” or “the Company”) on July 17, 2024.
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The Secured Lender
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