- Assembled Brands Provides Accordion-Style Senior Facility to Fuel Stately’s Subscription Growth
- Hedaya Capital Supports Seasonal Needs of Apparel Company
- Hogan Lovells Expands Corporate & Finance Practice with Addition of Krisa Benskin in Houston
- Western Alliance Bank Provides $35 Million Financing for Major Capital Improvements at Marina City Club
- Trinity Capital Inc. Provides Equipment Financing to Sortera Technologies to Scale AI-Powered Upcycling Innovation
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Tom Harris Joins Iron Horse Credit
Iron Horse Credit, a newly anointed asset-based lender, is proud to announce the addition of Tom Harris as Business Development Officer. In his role, Tom will be responsible for identifying new territories, partnership channels and building new client relationships.
TSL Express Trending Story
Featured
Evolving Strategies in Business Development for Secured Finance
In a rapidly shifting financial landscape, the Secured Finance Network's recent webinar offered a deep dive into effective business development strategies within the secured finance sector. Moderated by James Kravitz, SFNet’s business development director, the session featured prominent industry experts Lance Rosenthal, executive vice president of business development at RelPro; Jack Penzi, director of originations at Great Rock Capital; and Mitch Sterling, chief client development and relationship officer at Blank Rome.
TSL Express Daily Headlines & News
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Tiger Group and GESemi Offer Production Lines for Semiconductors and Highly Efficient, Thin-film GaAs, Flexible Photovoltaics
March 13, 2025Tiger Group and GESemi are now accepting offers for advanced equipment used to produce high-efficiency, gallium arsenide (GaAs) based thin-film photovoltaic (PV) cells The massive offering of fully decommissioned, ready-to-ship manufacturing assets from Endicott-based Ubiquity Solar—with nearly 600 crates stored in South-Central New York—features brands such as Aixtron Group, Attolight, GigaMat, SCHMID, Hercules and KLA Corp. (KLA-Tencor).
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Paul Hastings Bolsters Market-Leading Structured Credit Practice in New York
March 13, 2025Further strengthening its premier asset-backed finance and complex securitization offerings, Paul Hastings LLP announced today that structured credit lawyer John F. Murphy III has joined the firm as a partner in New York.
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Spirit Airlines Emerges from Financial Restructuring, Better Positioned to Advance its Transformation and Enhanced Guest Experience
March 13, 2025Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC, ("Spirit" or the "Company") today announced that Spirit has emerged from its financial restructuring, completing a consensual, deleveraging transaction that equitizes approximately $795 million of funded debt. With significantly less debt and greater financial flexibility, Spirit emerges as a stronger company better positioned for long-term success.
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Middle Market Business Leaders Cautiously Optimistic Despite Continued Uncertainty
March 13, 2025Middle market leaders are navigating uncertainty while poised to make key longer-term investments in technology, talent, and growth according to propriety research on the views of C-Suite executives released by Citizens today.
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HEALWELL Signs $50M Credit Agreement Led by Scotiabank and RBC to Support Orion Acquisition, and Commences Pre-Closing Procedures
March 13, 2025HEALWELL has signed a $50 million credit agreement, contingent on and in support of its acquisition of Orion Health, with credit to be provided by a syndicate of Schedule I Canadian Banks, including The Bank of Nova Scotia as Sole Bookrunner, Admin Agent, and Co-Lead Arranger, and Royal Bank of Canada as Co-lead Arranger.
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Audax Private Equity and Lovell Minnick Partners Make Strategic Investment in Fortis
March 13, 2025Audax Private Equity (“Audax”) and Lovell Minnick Partners (“LMP”) today announced a joint investment in Fortis, a payments technology leader for software providers, ERP customers, and scaling businesses.
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Barings Leads Financing for Add-On Acquisition of Graham Partners’ Portfolio Company, Woodland Gourmet
March 13, 2025Barings, one of the world’s leading investment managers, today announced it has served as lead agent for an incremental senior secured facility, increased revolver, and delayed draw term loan to support private investment firm Graham Partners’ portfolio company Woodland Gourmet (“Woodland”) in its acquisition of Sevillo Fine Foods (“Sevillo”), an artisan producer of quality, chef-inspired specialty ingredients.
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Oxford Finance LLC Announces Management Succession
March 13, 2025Oxford Finance LLC (“Oxford” or the “Company”) today announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.
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BHI Provides $35 Million to TAY Investments Inc. to Build a 6-Story, 202-Unit Residential Development at 277-301 West Side Avenue in Jersey City
March 13, 2025BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced that it has provided a $35 million construction loan to Yuval Shram’s Tay Investments to build a 6-Story, 202-Unit Residential Development at 277-301 West Side Avenue in Jersey City.
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Silicon Valley Bank and Pinegrove Venture Partners Announce Lending Relationship
March 12, 2025Silicon Valley Bank (SVB), a division of First Citizens Bank, announced today it has entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years.
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First Citizens Bank Provides Financing to Leavitt Equity Partners to Acquire Pediatrics Plus
March 12, 2025First Citizens Bank today announced that its Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.
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MidCap Financial Closes $75 Million Senior Secured Credit Facility to Dixie Group
March 12, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $75.0mm senior secured credit facility to Dixie Group, Inc. (“Dixie Group” or the “Company”).
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Loeb Funds a $750,000 Term Loan for a Construction Woodworking Company
March 12, 2025A determined woodworking construction client has successfully secured a crucial loan with the help of Loeb and their industry partners. This strategic move enabled the client to buy out their partner and transition away from their current bank, positioning their business for future growth and stability.
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Hilco Corporate Finance Serves as Investment Banking Advisor to McNally Capital for a Financing Transaction
March 12, 2025Hilco Corporate Finance (“HCF”) is pleased to announce the closing of a financing for McNally Capital (“McNally”) in connection with the acquisition of Jewett Automation (“Jewett”). HCF acted as exclusive financial advisor to McNally. Financing for the transaction was provided by Siguler Guff.
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Knife River Corporation Enters into $1.265 Billion Senior Secured Credit Facilities
March 12, 2025Simpson Thacher recently represented JPMorgan Chase Bank, N.A. and other arrangers in connection with Knife River Corporation's ("Knife River") $1.265 billion senior secured credit facilities. The senior credit facilities consist of a $265 million term loan A facility, a $500 million revolving credit facility and a $500 million term loan B facility.
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Lincoln Educational Services Expands Credit Facility to Support Growth Initiatives
March 12, 2025Lincoln Educational Services Corporation (Nasdaq: LINC) today announced an amendment to its secured credit agreement with Fifth Third Bank, National Association, increasing the aggregate principal borrowing amount from $40 million to $60 million.
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B. Riley Financial Announces Carve Out Transaction with B. Riley Securities
March 12, 2025B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley," the "Company" or "BRF"), a diversified financial services company, today announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc. (OTC: CDIV) ("Cascadia"), a shell entity, as a result of which certain investors in Cascadia became minority stockholders of BRF's investment banking subsidiary, B. Riley Securities ("BRS").
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Andalusian Credit Partners Strengthens Senior Team
March 12, 2025Andalusian Credit Partners (“Andalusian” or “ACP”), a leading middle market direct lending platform focused on diversified senior secured leveraged lending to non-sponsored and sponsor-backed companies, today announced that it has strengthened its team with senior talent as ACP continues to strategically scale its business.
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nFusion Capital Provides $8 Million ABL Line for Established Arizona Contractor
March 11, 2025nFusion Capital announced it provided an $8 million ABL facility for an established Arizona contractor that provides commercial and residential glass as well as commercial wood and metal doors. Clients include large hotels, hospitals, office buildings and retail locations as well as residential clients requiring specialty applications in custom glass, mirrors and shower surrounds.
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Brad Schwartz Joins First Bank as Executive Vice President, Chief Financial Officer
March 11, 2025First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce Brad E. Schwartz will join First National Corporation and First Bank as Executive Vice President and Chief Financial Officer (“CFO”) effective March 31, 2025.
The Secured Lender
SFNet's The 81st Annual Convention Issue
