- Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
- SFNet Market Pulse
- GoldenTree Asset Management Announces Closing of $753 Million CLO Under GLM Strategy
- Pathward Introduces Evolved Operating Model, Next Step in Sponsor Banking
- Trinity Capital Inc. Provides Equipment Financing to Sortera Technologies to Scale AI-Powered Upcycling Innovation
TSL Express Daily Articles & News
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MidFirst Business Credit Appoints John Nooney as President
MidFirst Business Credit (the “Company”), a subsidiary of MidFirst Bank, the largest privately owned bank in the nation, today announced the appointment of John Nooney as President. Dennis Schlesner, former President of MidFirst Business Credit, retired on October 1, 2024.
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The State of Asset-Based Lending in Q1 2024: A Comprehensive Analysis
The first quarter of 2024 presented a complex landscape for asset-based lending (ABL) and the broader economic context. According to the SFNet Q1 2024 Asset-Based Lending and Confidence Index surveys, the ABL industry exhibited both stability and cautious optimism despite the economic headwinds.
TSL Express Daily Headlines & News
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Comvest Credit Partners Provides Debt Financing to CyberMaxx to Support Refinancing and Strategic Acquisition
March 24, 2025Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility (the “Financing”) for CyberMaxx (the “Company”), a Chicago-based provider of managed cybersecurity services.
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Morgan Stanley Investment Management Provides $125 Million Debt Financing to FreshBooks
March 24, 2025Morgan Stanley Investment Management announced today that funds managed by Morgan Stanley Expansion Capital and Morgan Stanley Private Credit have provided $125 million in senior debt financing to FreshBooks, one of the leaders in cloud-based accounting software for small businesses. This investment will refinance existing debt and is expected to fuel the company’s continued growth.
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Eclipse Business Capital Closes $160 Million Senior Secured Revolving Credit Facility
March 24, 2025Eclipse Business Capital LLC (“EBC”) announced that it has financed a $160 million senior secured revolving credit facility to a service provider in the oil & gas industry. The credit facility is secured by accounts receivable and inventory.
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Conestoga Capital Advisors Announces Succession Plans for Small Cap Growth Strategy
March 24, 2025Conestoga Capital Advisors, LLC has announced succession plans for its flagship Small Cap Growth strategy. At the end of 2025, Derek Johnston, Partner/Portfolio Manager, will succeed Joe Monahan as Co-Portfolio Manager for Conestoga's Small Cap Growth strategy.
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QuickLogic Announces the Amendment and Extension of Credit Facility
March 24, 2025QuickLogic Corporation (NASDAQ: QUIK) ("QuickLogic" or the "Company"), a leading provider of embedded FPGA (eFPGA) Hard IP, and ruggedized FPGAs, today announced that, effective March 17, 2025, it entered into an eighth amendment (the "Eighth Amendment") to its amended and restated credit facility, dated as of December 21, 2018 (as amended, the "Credit Agreement") to maintain the line of credit and extend the maturity date.
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SFNet New Member Spotlight: Thirdmark Capital
March 21, 2025Thirdmark Capital was founded in 2021 to offer participations to the specialty finance industry. The leadership of Thirdmark has founded and sold two factoring companies as well as a bank and collectively has over 60 years owning and operating financial institutions. Thirdmark is positioned with the capital to provide participations. The company's sole product is participations, so we are not a competitor, only a partner.
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SSG Advises Ideanomics, Inc. in Sale of Substantially All Assets of WAVE Charging to Tillou Management and Consulting LLC
March 20, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Ideanomics, Inc., and subsidiaries (collectively “Ideanomics” or the “Company”) in the sale of substantially all assets of WAVE Charging to Tillou Management and Consulting LLC (“Tillou”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware and closed in March 2025.
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Dealmakers Predict More M&A Disputes Globally Amid Rebounding Deal Activity, BRG's M&A Disputes Report 2025 Finds
March 20, 2025Dealmakers around the world expect to see more mergers and acquisitions (M&A) disputes in the year ahead despite renewed confidence that the deal market will perform better in 2025, according to global expert services and consulting firm BRG's M&A Disputes Report 2025, released today. Rising geopolitical tensions, ongoing antitrust scrutiny and economic volatility stemming from tariffs all could push deals into dispute territory in the coming months.
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Commercial Credit Group Inc. Closes 19th Term ABS for $477,170,000 (CCGR Trust 2025-1)
March 20, 2025Commercial Credit Group Inc. (CCG), a leading independent commercial equipment finance company, has successfully closed its nineteenth asset-backed securitization (ABS), raising $477,170,000 to support its continued growth. The transaction attracted participation from over 40 institutional fixed-income investors and was led by BMO Capital Markets as Structuring Agent and Lead Bookrunner.
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Sallyport Commercial Finance Provides $500,000 Boost for Painting Contractor
March 20, 2025Sallyport Commercial Finance is delighted to announce the provision of a $500,000 combined line of Accounts Receivable financing to a distinguished painting and drywall contractor. This strategic funding solution empowers our client to confidently undertake larger commercial projects by ensuring seamless cash flow, which covers essential expenses such as payroll and supplier payments.
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Gridiron Expands New Investment Sourcing Capabilities with the Addition of Mike Huttner
March 20, 2025Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is excited to announce that Mike Huttner has joined the firm as Vice President, Business Development. Mr. Huttner brings over a decade of corporate leadership and advisory experience to support Gridiron’s new investment sourcing and origination efforts.
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Ocorian Continues to Build US Team to Enhance Service for Fund Managers
March 20, 2025Ocorian, a market leader in asset servicing and leading service provider for asset managers, has appointed Amy Meza as Director - Fund Accounting, further strengthening its rapidly growing Fund Services team in the US.
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Ortec Finance Expands Global Presence With Appointment of Stacy Howlin
March 20, 2025Ortec Finance, a leading global provider of technology and solutions for institutional investors to improve their investment decision-making, is pleased to announce the expansion of its global presence with the appointment of Stacy Howlin as Managing Director, United States.
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Phoenix Management, a Part of J.S. Held Lending Survey Results Reveal Concern About the Impact of Upcoming Policy Changes
March 20, 2025Global consulting firm J.S. Held, reveals the "Lending Climate in America" survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight lender views on policy decisions and their national/global impacts.
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Porter Capital Delivers Critical Bridge Financing for Fast-Growing Advertising Firm
March 20, 2025Porter Capital, a trusted leader in alternative financing, has provided a strategic $3 million credit facility to Dealer Alchemist, a rapidly growing automotive advertising technology firm based in Colorado. This firm, ranks in the top 3% of all Google advertising partners for 2025, specializes in dealership website creation, customer acquisition, and boosting website traffic for automotive dealers nationwide.
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Liquidity Closes up to $450 Million Additional Credit Facility, Dedicated to North American Market, Anchored by KeyBank
March 20, 2025Liquidity, the global multibillion dollar AUM asset manager specializing in growth-stage private credit, today announced the closing of a structured credit facility of up to $450 million. The facility is anchored by senior debt from KeyBank (NYSE: KEY), with the remaining facility populated with mezzanine and equity. The initial commitment from KeyBank is $75 million, which is expected to scale to $250 million, and is aimed at supporting the expansion of Liquidity’s lending capabilities in the US market.
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Northwind Midstream Partners Announces Completion of $700 Million Senior Secured First Lien Term Loan
March 20, 2025Northwind Midstream Partners LLC (“Northwind” or the “Company”) today announced that it has completed the issuance of a new $700 million Senior Secured First Lien Term Loan (the “Term Loan”). The Company will use the net proceeds from the Term Loan to repay its existing financing commitments and to fund the continued build-out and expansion of its off-spec gas gathering, compression, treating, sequestration and processing system located in Lea County, New Mexico.
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1st Commercial Credit Expands Receivables-Based Financing for Employer of Record (EOR) Companies
March 20, 20251st Commercial Credit, a leading provider of receivables-based financing, is now offering funding solutions tailored for Employer of Record (EOR) companies, enabling them to offer credit terms and expand their customer base.
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Gateway Trade Funding Provides a $1,500,000 Purchase Order Facility to an Apparel Company
March 20, 2025An apparel company experienced a surge in sales opportunities, receiving large purchase orders but lacked the necessary working capital to fulfill them. Seeking a solution, they turned to Green Zone Capital Advisors, a capital markets advisory firm, to refine their capital financing request and align them with the right funding partner.
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Taboola Announces Successful Completion of Debt Refinancing, Significantly Reducing Annual Interest Expenses
March 19, 2025Taboola (Nasdaq: TBLA), a global leader in delivering performance at scale for advertisers, today announced that it has entered into a new $270 million revolving credit facility.
The Secured Lender
SFNet's The 81st Annual Convention Issue

