- Block, Inc. Enters into an Amended and Restated Revolving Credit Agreement
- News Detail Share Test
- New Mountain Capital Closes on $1.2 Billion for New Mountain Strategic Equity Fund II
- Targeted Lending Co., LLC Expands Senior Credit Facility with Wells Fargo Capital Finance to $125 Million
- Betre Gizaw, former Stripe Chief Counsel for Global Strategic Initiatives, Rejoins King & Spalding’s International Trade Team
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Deal Activity Slows for Asset-Based Lending, but Portfolio Performance Stays Strong
Secured Finance Network posts Q3 survey results from bank and non-bank lenders
Data from the Secured Finance Network revealed generally mixed results in the asset-based lending market for the third quarter, with deal activity receding in response to fewer new client commitments, and the portfolio performance index improving for both non-banks and banks against already historically strong levels.
TSL Express Trending Story
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SFNet 2024 President Barry Bobrow Reflects on a Successful Year
Bobrow discusses the highlights of his tenure as president of SFNet, challenges and opportunities faced, and advice for incoming SFNet President, Rob Meyers.
TSL Express Daily Headlines & News
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Natural Gas Services Group Announces Expansion of Credit Facility
April 23, 2025Natural Gas Services Group, Inc. (“NGS” or the “Company”), a premier provider of natural gas compression equipment, technology, and services to the energy industry, announced today it has closed on a $100 million expansion of its existing credit facility (the “Facility”), bringing the total commitments to $400 million with an enlarged accordion of $100 million.
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Olympic Steel Announces Completion of Amendment and Extension of Credit Facility
April 23, 2025Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030.
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Apollo Funds Form $220 Million Community Solar Joint Venture with Bullrock Energy Ventures
April 23, 2025Apollo (NYSE: APO) and Bullrock Energy Ventures (“Bullrock”) today announced that Apollo-managed funds (the “Apollo Funds”) have committed to fund up to $220 million for a new joint venture partnership with Bullrock related to a portfolio of community solar assets located in New York and New England.
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US Capital Global Hires Jullion Taylor in North America to Support Strategic Expansion of the Group’s Miami Office
April 23, 2025US Capital Global announced today the appointment of Jullion Taylor as Vice President at its Miami office.
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$1 Million Factoring Facility Supports Vertical Integration Strategy for a Construction Business
April 23, 2025nFusion Capital recently provided a $1 Million Factoring Facility to help the owner of an excavation, site preparation, and demolition services provider launch a related company offering civil engineering solutions.
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Gordon Brothers Acquires SIA Group Bolstering Presence in the U.K. & Europe
April 23, 2025Gordon Brothers, the global asset experts, has acquired SIA Group, a leading asset valuation, advisory and trading firm in the U.K.
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Borrower Demand Drives Strong Q1 for Tiger Finance
April 23, 2025Tiger Capital Group’s lending platform, Tiger Finance, committed $95 million of capital in the first quarter to support an array of new clients’ strategic growth initiatives in sectors such as transportation, retail, wholesale and e-commerce.
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Crayhill Capital Management: Third Flagship Fund Closed At Over $1.3 Billion
April 23, 2025Crayhill Capital Management – a $3 billion alternative asset management firm specializing in asset-based finance – announced the closing of Crayhill Principal Strategies Fund III with about $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, exceeding its $1 billion target.
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Maxim Commercial Capital Exceeds Expectations in Q1 2025
April 23, 2025Maxim Commercial Capital (“Maxim”) announced exceptionally strong results for the first quarter of 2025, reporting a 150% increase in funding volume over the prior year’s period. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, heavy equipment for the construction and agriculture industries, and real estate.
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Mountain Ridge Capital Provides $8.0 Million Credit Facility to Consumer Products Company
April 23, 2025Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $8.0 million senior secured credit facility to a New York based consumer products company. The MRC facility will be utilized for working capital purposes to achieve growth/operational objectives. MRC differentiated itself from competitors by providing certainty to close in an expedited time frame.
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HBM Management Associates Joins KCP Advisory Group, Expanding Senior Turnaround Expertise
April 23, 2025KCP Advisory Group, a leading turnaround consulting firm specializing in business advisory and financial restructuring, is pleased to announce that HBM Management Associates has officially joined the KCP team. This strategic move brings a group of senior professionals with deep turnaround and operational expertise into the firm, significantly enhancing KCP’s capabilities in guiding clients through complex challenges.
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Birddogs Secures Flexible Credit Facility from Assembled Brands to Support Omnichannel Growth
April 23, 2025Assembled Brands Capital has provided Birddogs, a high-growth menswear brand with a strong direct-to-consumer footprint, with a new flexible credit facility. The financing will support Birddogs’ expansion into wholesale channels and continued omnichannel growth.
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Great Rock Capital Upsizes Leverage Facility to Over $700 Million
April 23, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the upsize of its leverage facility with KeyBank National Association, one of the nation's largest bank-based financial services institutions. The leverage facility, agented by KeyBank, provides more than $700 million of capital and includes the recent additions of new lending partners, OceanFirst Bank N.A. and HomeStreet Bank.
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Nassau Financial Group Expands Insurtech Program with New Capital Commitment
April 21, 2025Nassau Financial Group (“Nassau”), a leader in Connecticut’s Insurtech community, today announced it is expanding its Nassau Reimagine program to support early and mid-stage startups with a new $10 million capital commitment. The program will target companies in Insurtech, Fintech, Retiretech, and other related sectors in Nassau’s primary business locations, including Connecticut and New York.
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Factoring 2024: Solid Footing in Uncertain Times
April 21, 2025The Secured Finance Network (SFNet) has released its year-end Factoring Survey, which found a decline in factoring volume during the second half of 2024, but an overall positive sentiment moving forward in the face of economic uncertainty.
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Secured Finance Network Releases Factoring Survey
April 21, 2025The Secured Finance Network (SFNet) has released results of its year-end factoring survey, which found a decline in factoring volume during the second half of 2024, but an overall positive sentiment moving forward in the face of economic uncertainty.
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Invivyd Enters $30 Million Term Loan Facility With Silicon Valley Bank
April 21, 2025Invivyd (IVVD) has signed a $30 million term loan facility with Silicon Valley Bank, a division of First Citizens Bank. The deal allows for drawdown of capital in the future if certain conditions and milestones are met.
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Ascend Performance Materials Takes Steps to Strengthen Balance Sheet and Position the Company for a Stronger Future
April 21, 2025Ascend Performance Materials ("Ascend" or the "Company"), a leading producer of high-performance and durable engineered materials for everyday essentials and new technologies, announced today that, with the support of its key stakeholders, it has initiated Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas.
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Factoring 2024: Solid Footing in Uncertain Times
April 21, 2025If there’s one word that defines the factoring industry during the early part of 2025, it’s “adaptation.” As economic uncertainty collides with regulatory, geopolitical, and technological forces, factoring continues to be the bedrock financing solution for businesses in need of working capital.
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Maxim Commercial Capital Exceeds Expectations in Q1 2025
April 21, 2025Maxim Commercial Capital (“Maxim”) announced exceptionally strong results for the first quarter of 2025, reporting a 150% increase in funding volume over the prior year’s period.
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