- FNB Adds Chief Commercial Banking Officer in Pittsburgh
- Southstar Capital Delivers $8.5 MM A/R and Inventory Facility to Support National Expansion of Consumer Products Company
- B. Riley Securities Expands New York Institutional Sales & Trading Desk
- New El Segundo Office Expands CohnReznick’s Presence in California
- Market Sizing & Impact Study 2023
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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Huntington Bank Expands Commercial Banking into Austin
Huntington National Bank continues to expand its commercial banking segment, known as Huntington Commercial Bank, across the U.S. by bringing its middle-market and corporate banking capabilities to Austin and central Texas. The commercial expansion follows Huntington's significant growth in Texas, including the recent acquisitions of Houston-based Cadence Bank and Dallas-based Veritex Bank.
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Tariffs and Asset-Based Lending
Asset-based lending is fundamentally focused on capital-intensive and asset-heavy businesses. Because tariffs impact the sales of goods (as opposed to the provision of services) they will typically have an outsized impact on the borrowers under asset-based credit facilities. This article will discuss recent tariff-related developments and analyze potential impact on the users and providers of asset-based financing.
TSL Express Daily Headlines & News
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Latham Represents Pine Gate Renewables in Successful US$7 Billion Chapter 11 Restructuring
April 27, 2026Pine Gate Renewables, LLC, a leading developer and owner-operator of renewable energy projects across the United States with over US$7 billion of funded debt and equity capital, has successfully completed its voluntary Chapter 11 restructuring in the US Bankruptcy Court for the Southern District of Texas.
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GDA Luma Leads Pat McGrath Labs Into Its Next Chapter of Growth
April 27, 2026GDA Luma today announced that Pat McGrath Labs, the iconic beauty house and prestige beauty leader, has successfully completed its financial restructuring process and is emerging from Chapter 11 protection. The successful execution of the Company’s court-approved reorganization plan provides a strong foundation for a new phase of creative excellence, operational discipline, innovation-led growth, and sustainable long-term success.
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Wingspire Capital Provides $30 Million To SportPet Designs
April 27, 2026Wingspire Capital is pleased to announce the closing of a $30 million revolving credit facility to SportPet Designs, LLC, a designer, manufacturer and distributer of best-selling pet products sold through major retailers.
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Beacon Financial Appoints Gary Levante Chief Marketing Officer
April 27, 2026Beacon Financial Corporation (NYSE: BBT) (the "Company"), the holding company for Beacon Bank, today announced the appointment of Gary Levante as Chief Marketing Officer. As a member of the Executive Management Committee, Levante reports to President and CEO Paul Perrault and leads all aspects of the brand strategy, marketing, communications and public affairs for the Company.
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Valitana Secures Significant Growth Equity Investment from FTV Capital
April 27, 2026Valitana, a leading provider of analytics, workflow and portfolio management solutions for structured credit professionals, today announced a significant growth equity investment from FTV Capital, a sector-focused growth equity firm with a strong track record of investing in high-growth financial technology companies.
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Texas Capital Announces Strategic Leadership Appointments
April 27, 2026Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced a series of strategic executive leadership appointments designed to scale the firm’s clearly differentiated platform in its next phase of growth.
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Switch Secures Landmark $2.6 Billion Syndicated Letter of Credit Facility
April 27, 2026Switch, the premier provider of AI, cloud and enterprise data center infrastructure, today announced it has secured a $2.6 billion syndicated performance letter of credit (LC) facility, the first of its kind in the data center industry. The facility expands Switch's ability to procure power at scale and supports the development of new transmission and generation resources across its growing portfolio of gigawatt-scale campuses.
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74Software Completes Refinancing of its Term Loans and Revolving Credit Facility
April 27, 202674Software announces the completion of the refinancing of its syndicated bank facilities. The transaction refinances the Group’s existing bank indebtedness, comprising a €120 million revolving credit facility maturing in 2027, an €80 million Term Loan B maturing in 2027, and a €120 million amortizing Term Loan A maturing in 2029.
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CVC Credit Raises Fourth CLO Equity Vehicle with $1 Billion in Commitments
April 27, 2026CVC Credit, the global Credit management platform of CVC plc, is pleased to announce the final close of CVC CLO Equity IV with $1 billion of commitments. Across its period of deployment, this equity fund is intended to support approximately $15 billion of global CLO issuance for CVC Credit’s Liquid Credit platform.
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Assembled Brands Provides Senior Credit Facility to Cream Co. Meats to Scale Ranch-Direct Supply Chain
April 27, 2026Assembled Brands is proud to announce the closing of a new senior line of credit for Cream Co. Meats, a 100% natural whole-animal butchery and distributor of sustainable and regenerative proteins. This facility provides the non-dilutive working capital needed to scale their ranch-direct supply chain and meet growing regional wholesale demand, supporting their mission to revolutionize a highly commoditized industry and create new ways for people to enjoy animal proteins responsibly.
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First Citizens Bank to Expand Commercial Solutions and Align Brand Names in Q4 2026
April 27, 2026In a continued effort to better serve the financial needs of its clients, First Citizens Bank, a top 20 U.S. bank, today announced plans to expand its commercial banking capabilities and align its brand names later this year.
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New El Segundo Office Expands CohnReznick’s Presence in California
April 23, 2026CohnReznick, a leading professional services firm, today opened a new office in El Segundo, CA, bringing its total number of offices in California to seven and expanding its longstanding footprint in the state.
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First Business Bank Funds $2 Million Factoring & Inventory Financing Facility For Texas IT Consulting Company
April 23, 2026First Business Bank announces that its Accounts Receivable Financing team recently funded a $2 million factoring facility for a Texas client that specializes in IT staffing and consulting.
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Peoples Bancorp Inc. and Citizens National Corporation Announce Definitive Merger Agreement
April 23, 2026Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) and Citizens National Corporation ("Citizens") (OTCPK: CZNL), jointly announced today the signing of a definitive agreement and plan of merger (the "Merger Agreement") pursuant to which Peoples will acquire Citizens, a bank holding company headquartered in Paintsville, Kentucky, and the parent company of Citizens Bank of Kentucky, Inc. ("Citizens Bank"), in a cash and stock transaction.
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Jefferson Capital Secures Credit Facility Expansion
April 23, 2026Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, today announced the successful expansion of its revolving credit facility by $150 million, bringing total capacity to $1.15 billion.
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Upstart Announces Multi-Year $1.2B Forward-Flow Agreement with Centerbridge Partners, L.P.
April 23, 2026Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a forward-flow commitment from funds managed by Centerbridge Partners, L.P., an alternative investment manager specializing in private equity, private credit and real estate investing. Centerbridge has agreed to purchase up to $1.2 billion of consumer loans originated through the Upstart platform.
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SSG Advises The Best Dressed Chicken in the Sale of its South Carolina Processing Plant to Amick Farms
April 23, 2026SSG Capital Advisors, LLC (“SSG”) served as the investment banker to The Best Dressed Chicken, Inc. (“The Best Dressed Chicken” or the “Company”) in the sale of its South Carolina processing plant to Amick Farms, LLC (“Amick Farms”). The transaction closed in April 2026.
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B. Riley Securities Acts as Exclusive Financial Advisor on Sale of The PoNS® System to Bioness Medical, Inc.
April 23, 2026B. Riley Securities, Inc. (“B. Riley Securities” or “BRS”), a leading full-service and research-driven investment bank, announced that it served as exclusive financial advisor in connection with the sale of the PoNS® (Portable Neuromodulation Stimulator) System to Bioness Medical, Inc.
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B. Riley Securities Expands New York Institutional Sales & Trading Desk
April 22, 2026B. Riley Securities, Inc. ("B. Riley Securities" or "BRS"), a leading full-service and research-driven investment bank, today announced the return of Seamus O'Neill as Senior Sales Trader and the addition of TJ Bealko to Institutional Equity Sales, both joining the firm's New York desk.
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Monroe Capital Supports Growth of Royal Interpack Group
April 22, 2026Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of founder-led Royal Interpack Group (“RPG”).
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