- Bank Economists: Credit Outlook Improves Amid Continued Softening
- American Resources Corporation Secures $5 Million Credit Facility with Old National Bank to Procure Rare Earth and Critical Mineral Feedstocks
- Lance Carr Joins Portage Point Partners as Head of Valuations Practice
- Pathward Introduces Evolved Operating Model, Next Step in Sponsor Banking
- SouthStar Capital Provides $300,000 PO & A/R Facility to Support Growing Midwest Supplier
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
-
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.
-
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.
-
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").
-
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.
-
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.
-
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.
-
Great Rock Capital Agents $45 Million Revolver to Support a Sponsor-Owned Textile Company
March 11, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $45 million senior secured revolving credit facility.
-
SLR Business Credit Provides $15 Million Credit Facility to Transportation and Logistics Company
March 11, 2025SLR Business Credit announces the funding of a $15 million asset-based revolving line of credit to a transportation and logistics company. The credit facility was used to pay down the previous lender and to provide working capital to support the company's continuous growth and expansion.
-
Mountain Ridge Capital Provides $45 Million Credit Facility to Growing Plastic Moldings Manufacturer
March 11, 2025Mountain Ridge Capital (“MRC”) and Accord Financial, Inc. provided a senior secured credit facility totaling $45 million to a plastic moldings manufacturer. As an existing borrower, the Company has seen significant growth over the past year, prompting MRC to increase the facility size to better support its continued expansion.
-
Business Law Attorney Michael Fehser Rejoins Quarles as Partner in Phoenix Office
March 11, 2025The national law firm of Quarles & Brady today announced that Michael Fehser has rejoined the firm’s Phoenix Office as a partner in the Business Law Practice Group. Fehser handles complex transactions and operational matters for corporate clients, including private equity funds and their portfolio companies, and other privately held businesses, focusing on mergers and acquisitions (M&A), growth equity investments, debt financings and general corporate matters. Fehser also serves as outside general counsel to early-stage startups and a vari
-
Strategic Venue Partners Announces Inaugural Issuance of Investment Grade Notes and Refinancing of Revolving Credit Facility to Support Further Growth
March 11, 2025Strategic Venue Partners ("SVP" or the "Company"), a leading provider of in-building wireless infrastructure in the U.S., announced today the completion of its inaugural 4(a)2 private placement to raise $120 million of debt (the "Notes") from a syndicate of institutional investors.
-
Monroe Capital Supports Growth of a360inc and ProVest, LLC
March 11, 2025Monroe 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 a360inc (“a360”) and ProVest, LLC (“ProVest”, together, the “Company”) by funds sponsored by Morgan Stanley Investment Management, Knox Capital, and Nonantum Capital Partners.
-
Silver Point Leads Financing of Acquisition of Brightcove Inc. by Bending Spoons
March 11, 2025Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.
-
Mitel Takes Action to Optimize Capital Structure, Positioning the Business for Efficient Growth and Long-term Sustainability
March 11, 2025Mitel Networks Corporation, (“Mitel” or “the Company”), a global leader in business communications, today announced it has entered into an agreement with an ad hoc group of its senior lenders (the “Ad Hoc Group”), certain junior lenders, and other key stakeholders to recapitalize its debt in a manner that best positions the Company to optimize its global operations and drive profitable and predictable growth.
-
Blackstone Announces SEC Effectiveness for Private Multi-Asset Credit and Income Fund (BMACX)
March 11, 2025Blackstone (NYSE: BX) announced today that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission.
-
Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
March 10, 2025Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan.
-
Bain Capital Credit Provides Senior Credit Facility to Support Recapitalization of Trive Capital Portfolio Company AEVEX Aerospace
March 10, 2025Bain Capital Credit today announced that, as sole lead arranger and administrative agent, it led a $160 million senior secured unitranche credit facility to support Trive Capital’s recapitalization of AEVEX Aerospace, a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community.
-
Dykema Doubles Houston Office Headcount With the Addition of Seven Attorneys
March 10, 2025Dykema, a leading national law firm, announced the addition of seven attorneys to the firm’s Houston office, doubling the office’s lawyer headcount. This expansion strengthens the firm’s capabilities in key practice areas, including energy, bankruptcy and restructuring, mergers and acquisitions, business taxation and planning, corporate and finance, labor and employment, and business immigration.
-
$8 Million ABL Line Builds Foundation for Acquisition, Growth
March 10, 2025An established Arizona contractor 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.
-
Assembled Brands Provides Growth Line of Credit to wildwonder
March 10, 2025Assembled Brands Capital, a leading asset-based lender for high-growth consumer brands, has closed a new growth line of credit with wildwonder, a standout brand in the rapidly expanding probiotic beverage market. The secured facility will provide the working capital necessary to scale production, optimize inventory management, and meet the growing consumer demand.
The Secured Lender
SFNet's The 81st Annual Convention Issue

