Kennedy Lewis Provides $50 Million Secured Corporate Loan Facility to Tricolor Auto

NEW YORK, Oct. 2, 2020 /PRNewswire/ — Kennedy Lewis Investment Management (“Kennedy Lewis“), an opportunistic credit manager, has funded a $50 million committed secured corporate loan facility (the “Loan”) to Tricolor Auto (“Tricolor”), a Community Development Financial Institution (CDFI) and one of the nation’s largest used vehicle retailers focusing on the sale and financing of vehicles to underserved communities.  The Loan provides financing to Tricolor against its portfolio of auto receivables and highlights Kennedy Lewis’ expertise in structuring complex lending facilities to specialty finance companies. This infusion of funds will support Tricolor’s efforts to continue to scale its platform and retail network, as well as increase access to its responsible auto financing options.

Dik Blewitt, Kennedy Lewis’ Partner, Head of Tactical Opportunities and Co-Head of ESG Investments, said: “We are excited to partner with Tricolor and its outstanding team with whom we have an aligned ambition

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Company reveals details for proposed used auto storage facility in Andover

Kyle Morel
 |  kmorel@njherald.com

ANDOVER TOWNSHIP — After months of delays, the Township Land Use Board was finally presented with details for a proposed Copart auto storage facility on Stickles Pond Road.

Copart officials provided about three hours of details Tuesday night in front of about 50 members of the public at the Hillside Park barn.

Copart seeks to buy about 100 acres on Stickles Pond Road, the site of the former Newton Airport, to build a facility to store its used vehicles until they are sold via auction, similar to its 200 other sites nationwide.

The township site would also include a 12,860-square-foot building and an 8-foot-tall perimeter fence.

Charles Eichman, Copart’s regional manager for New Jersey, Delaware, Maryland and Virginia answered questions from attorney William Haggerty, representing the applicant, and from members of the board.

Attorney Elizabeth Durkin, who represents 17 township residents, also questioned Eichman. During Durkin’s

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Timbercreek Financial Exercises Accordion Feature of its Revolving Credit Facility and Announces Redemption of 5.40% Convertible Unsecured Debentures – Press Release

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (“Timbercreek Financial” or the “Company”) is pleased to announce that it has entered into an amendment to its existing revolving credit facility (“Credit Facility”) in order to, among other things, exercise a portion of the accordion feature of the Credit Facility. The exercise of the accordion feature has increased the total revolving commitment of the lenders under the Credit Facility by $35,000,000, bringing the aggregate limit under the Credit Facility to $535,000,000. General terms of the Credit Facility remain unchanged.

The Company also announces that it has issued a notice of redemption to holders of the 5.40% convertible unsecured subordinated debentures due July 31, 2021 (the “Debentures”), representing a redemption in full of all of the currently outstanding Debentures.

The

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Company reveals details for proposed used auto storage facility in Andover – News – New Jersey Herald

ANDOVER TOWNSHIP — After months of delays, the Township Land Use Board was finally presented with details for a proposed Copart auto storage facility on Stickles Pond Road.

Copart officials provided about three hours of details Tuesday night in front of about 50 members of the public at the Hillside Park barn.

Copart seeks to buy about 100 acres on Stickles Pond Road, the site of the former Newton Airport, to build a facility to store its used vehicles until they are sold via auction, similar to its 200 other sites nationwide.

The township site would also include a 12,860-square-foot building and an 8-foot-tall perimeter fence.

Charles Eichman, Copart’s regional manager for New Jersey, Delaware, Maryland and Virginia answered questions from attorney William Haggerty, representing the applicant, and from members of the board.

Attorney Elizabeth Durkin, who represents 17 township residents, also questioned Eichman. During Durkin’s questions the hearing concluded

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