- Abacus Finance Group Provides Senior Debt Financing to Support SBJ Capital’s Strategic Investment in 3B International, LLC
- Provident Bank Names Annamaria Vitelli EVP, Chief Wealth Officer and President of Beacon Trust
- BHI Provides A $169.5 Million Construction Loan to Quantum Pacific Realty to Convert 767 Third Avenue from a 282K GSF Office Building Into a Mixed-Use Asset Featuring 337 Residential Units in Midtown East
- Banco Plata Welcomes Oaktree, Macquarie Group, Fasanara and Banco Covalto with $300 Million in Total Commitments to Its Nomura-led up to $500 Million Facility
- TSL Feature Articles
TSL Express Daily Articles & News
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Today's Top Story
Featured
Sue Duckett Joins Republic Business Credit as Executive Vice President, Head of Factoring
Republic Business Credit announced that industry veteran Sue Duckett has joined the company as Executive Vice President, Head of Factoring. As a key member of the executive leadership team, Duckett will oversee the recourse factoring portfolio and drive strategic factoring acquisitions, a role that is pivotal to Republic’s accelerated growth trajectory.
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Featured
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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Jennifer Meyerowitz Joins KCP Advisory as Senior Managing Director and General Counsel
May 12, 2026KCP’s Group, a leading restructuring and advisory firm, today announced that Jennifer Meyerowitz has joined the firm as Senior Managing Director and General Counsel. In this role, Meyerowitz will advise clients on complex restructurings, distressed transactions, and operational turnarounds, while also overseeing the firm’s legal strategy and governance.
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Siena Lending Group LLC Serves as Administrative And Co-Collateral Agent for $175 Million Credit Facility for Phillips Pet Food And Supplies
May 11, 2026Siena Lending Group LLC (“Siena”), a leading provider of asset-based credit solutions, served as Administrative and Co-Collateral Agent on a $175 million senior secured credit facility (the "Facility") for Phillips Pet Food and Supplies ("Phillips" or the "Company"), supporting the refinancing of existing debt and the acquisition of assets from Central Garden & Pet Company. Siena Lending Group LLC will be holding $105 Million of the Facility.
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Abry Private Debt Acquires $330 Million Private Credit Portfolio
May 11, 2026Abry Private Debt, the private credit strategy of Abry Partners, today announced the closing of its acquisition of a $330 million diversified private credit portfolio. Abry partnered with Coller Capital, a leading secondaries platform, to complete this transaction.
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Travel + Leisure Co. Announces Launch of Senior Secured Notes Offering
May 11, 2026Travel + Leisure Co. (NYSE:TNL) (the “Company”) announced today that it has launched a private offering (the “Offering”) of $900 million aggregate principal amount of senior secured notes due 2031 (the “Notes”), subject to customary and market conditions.
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Baker Garrington Provides Factoring Facility for Growing Oilfield Services Company
May 11, 2026Baker Garrington announced it has provided a facility for a rapidly growing oilfield services company out of Dickinson, North Dakota. The company was looking for a better way to keep up with increasing demand and the pace of new opportunities coming in. As operations expanded, so did the need for consistent cash flow to support crews, equipment, and ongoing projects.
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Encina Private Credit Provides a $50 Million First Out Commitment as a Term Loan Lender for a Management- Owned Company
May 11, 2026Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Term Loan lender for a management-owned company operating in the datacenter critical components manufacturing space. EPC’s $50 million first out commitment as part of a $100 million senior secured credit facility will be used to buy out a minority equity holder as part of an equity recapitalization.
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Culain Capital Provides $5MM Working Capital Facility to Rapidly Growing National Frozen Produce Company
May 11, 2026Culain Capital Funding, LLC (“Culain Capital”) announced the closing and funding of a $5,000,000 accounts receivable and inventory financing facility for a rapidly growing U.S.-based frozen food company specializing in premium fruit and vegetable products sourced from farms across the United States.
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Assembled Brands Provides the Capital Backbone for STEPR’s 450-Store Rollout
May 11, 2026Assembled Brands is pleased to announce the closing of a new senior credit facility for STEPR, the pioneer of the compact, connected stair climber. This partnership provides the strategic funding required to support the brand’s transition from a high-growth digital disruptor to a dominant omnichannel powerhouse.
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First Bank Welcomes Carmen Caporrino as Senior Vice President, Relationship Manager
May 11, 2026First Bank is pleased to announce that Carmen Caporrino has joined the bank as Senior Vice President, Relationship Manager within its Asset-Based Lending group reporting to Donna Calderaro, Senior Vice President and Market Executive. Carmen brings more than 40 years of banking experience, with deep expertise in asset-based lending, portfolio management, and credit risk.
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Nicholas Maggio Joins Rosenthal Capital Group as SVP and Portfolio Manager for CPG+
May 11, 2026Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced that Nicholas Maggio has joined as Senior Vice President and Portfolio Manager for CPG+, RCG’s division focused on providing non-dilutive growth capital solutions for leading consumer brands.
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Kolibri Global Energy Inc. Announces Bank Line Increase to $75 Million
May 11, 2026Kolibri Global Energy Inc. (the “Company” or “KGEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary Kolibri Energy US Inc. was increased from US$65 million to US$75 million on its revolving line of credit (“Credit Facility”) which is held by a bank syndicate led by BOK Financial (“BOKF”) and includes Arvest Bank (“Arvest”). The current outstanding amount drawn on the Credit Facility is approximately US$44 million.
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Amerisource Business Capital Provides $2 Million Working Capital Facility to Texas-Based Industrial Services Company
May 11, 2026Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a Texas-based provider of maintenance and repair services for industrial equipment. The company required additional working capital to support its continued growth initiatives; however, its bank partner was unable to provide the increased line of credit.
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Marathon Asset Management Announces Alex Howell’s Promotion to Partner and Head of European Credit
May 11, 2026Marathon Asset Management (“Marathon”), a leading global asset manager that invests across Private and Public Credit, announced today that Alex Howell has been promoted to Partner. Mr. Howell leads Marathon’s European Credit business and serves as a member of the firm’s Investment Committee.
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Eastern Bank Announces Leadership Appointment In Commercial Lending
May 11, 2026Eastern Bank today announced a key leadership update within its Commercial Lending Team. Senior Vice President Yongmei Chen has been promoted to Commercial Group Director of Community Development Lending. She succeeds Pamela Feingold, who served in the role until her passing on March 16, 2026.
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U.S. Bank Freight Payment Index: Shipper Spending Surges Amid Modest Freight Volumes
May 11, 2026Shipper spending rose sharply in the first quarter of 2026 as tightening capacity and a surge in diesel fuel prices pushed freight costs significantly higher, even as shipment volumes remained largely flat, according to the latest U.S. Bank Freight Payment Index.
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Lambda Closes $1 Billion Senior Secured Credit Facility to Meet Gigawatt-Scale AI Infrastructure Demand
May 11, 2026Lambda, the Superintelligence Cloud, today announced the closing of a $1 billion syndicated senior secured credit facility. The financing upsizes Lambda's existing credit facility, originally established at $275 million in August 2025, reflecting the continued confidence in Lambda's growth trajectory, technical leadership, and track record of operating gigawatt-scale AI factories.
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Baker Garrington Provides Factoring Facility for Mechanical Services and Welding Company
May 11, 2026Baker Garrington announced it has provided a factoring facility to a growing mechanical services and welding company based in Florida. The company supports large-scale water treatment projects, and the $250,000 facility was designed to help support its day-to-day operations. With strong demand and the right structure in place, this is a relationship designed to scale alongside their business as new opportunities come in.
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Brian Cohen Joins First Business Bank As Vice President - Accounts Receivable Financing
May 11, 2026First Business Bank welcomes Brian Cohen as Vice President – Accounts Receivable Financing to First Business Specialty Finance, LLC, a subsidiary of First Business Bank. Based in California, Brian Cohen brings more than 20 years of experience across receivables financing, factoring, asset-based lending, and
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Polsinelli Strengthens Commercial Litigation Capabilities with Sean Crain in Dallas
May 11, 2026Polsinelli is pleased to announce that Sean R. Crain has joined the firm as a shareholder in its Commercial Litigation Practice in Dallas. His arrival continues the firm’s expansion of the practice following the recent addition of Shareholder Joseph (Joe) R. Delehanty in Chicago.
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U.S. Bank CFO Survey: Geopolitics and Inflation Rise on the Risk Agenda, but CFOs Keep Moving on Growth, Deals
May 11, 2026Cutting costs remains finance leaders’ top priority, but growth has moved sharply higher on the agenda, according to the latest . The results of this research are based on a survey conducted between March 19 and April 14, 2026, of 1,000 senior finance leaders. The respondents work at U.S. businesses with at least $100 million in annual revenue, and 30% work for a business that generates at least $2 billion.
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