- KKR Completes US$2.5 Billion Asia Private Credit Fundraise
- Mitsubishi HC Capital Canada Closes US$62.5 Million Through Private Credit Platform to Accelerate Growth for Four Canadian Businesses
- Targeted Lending Co., LLC Expands Senior Credit Facility with Wells Fargo Capital Finance to $125 Million
- Market Sizing & Impact Study
- Asset-Based Lending & Factoring Surveys
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
KeyBank (NYSE: KEY) announced an expansion of its commercial banking business in Chicago and Southern California to serve more middle market clients with their differentiated platform – which includes a full range of commercial lending and capital markets capabilities as well as payments solutions designed specifically for the segment.
TSL Express Trending Story
Featured
Update: Texas Court Halts the FTC’s Rule Banning Non-Compete Clauses
With only weeks to go before the rule was set to take effect, the U.S. District Court for the Northern District of Texas, on August 20, 2024, affirmed its earlier ruling that the FTC’s rule banning non-competes is unlawful—but this time, the Court expanded its limited injunction and set aside the FTC’s rule entirely, meaning that the FTC’s rule will not go into effect on September 4 for any employer.
TSL Express Daily Headlines & News
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Steve Bishop Joins First Business Bank as President of Asset-Based Lending
April 9, 2025First Business Bank welcomes Steve Bishop as President – Asset-Based Lending to First Business Specialty Finance, LLC, a subsidiary of First Business Bank.
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Gordon Brothers Supports Middle West Partners Acquisition of David Webb including $30M in Financing
April 9, 2025Gordon Brothers, the global asset experts, has provided Middle West Partners (MWP) $30 million in financing and advisory work to support the private equity firm’s majority stake acquisition of the luxury jewelry brand David Webb.
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ORIX Corporation USA’s Growth Capital Business Invests in Tuition.io
April 9, 2025ORIX Corporation USA’s Growth Capital business today announced it has successfully closed a debt financing facility for Tuition.io, a benefits platform that empowers employers to support their workforce through comprehensive education assistance benefits.
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Mazzotta Rentals, Inc. Secures $160 Million Credit Facility to Accelerate Growth and Continue Fleet Expansion
April 9, 2025Mazzotta Rentals, Inc. (MRI), a leading provider of rental equipment solutions serving CT, MA, NY, RI, VT, NH, and ME in the construction, industrial, and infrastructure sectors, today announced it has secured an asset-based loan credit facility with M&T Bank (NYSE:MTB) as lead arranger and administrative agent.
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Enterprise Group Announces New $41 Million Credit Facility with a Canadian Schedule 1 Bank
April 8, 2025Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients, announces that it is finalizing a senior secured credit facility (the "Facility") with a Canadian Schedule 1 bank.
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Gateway Trade Funding Provides $900,000 in Purchase Order and Stretch Financing to a Fashion Jewelry and Accessories Company
April 8, 2025A fashion jewelry and accessories company was growing fast and had just received a large order from a major retailer. However, their current factoring arrangement wasn’t enough. That’s when their factoring company recommended Gateway Trade Funding to provide the additional capital needed through Purchase Order and Stretch Financing.
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James Marasco Appointed to GA Group Board of Directors
April 8, 2025Great American Holdings, LLC ("GA Group"), an industry-leading provider of valuation, appraisal, asset disposition and real estate services, announced that Mr. James ("Jim") Marasco has been appointed to its Board of Directors.
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Former BlackRock Executive Mark Wiedman Tapped as PNC’s New President
April 8, 2025Former BlackRock executive Mark Wiedman will step in as the new president of PNC Financial Services Group, Inc. and its banking subsidiary, the corporation announced Monday.
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Kashiv BioSciences Secures $150 Million Debt Financing from GoldenTree Asset Management
April 8, 2025Kashiv BioSciences, LLC (“Kashiv BioSciences” or the “Company”), a fully integrated biopharmaceutical company, today announced that it has entered into a senior secured credit agreement with GoldenTree Asset Management (“GoldenTree”) as the sole lender
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Monroe Capital Supports Olympus Partners’ Acquisition of PAI Pharma
April 8, 2025Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of PAI Pharma (“PAI”) by Olympus Partners. Founded in 1968 and based in Greenville, SC, PAI is a leading US oral generic liquids manufacturer of ready-to-dose cups and oral liquids bottles.
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Edge Capital Goes Head-to-Head with Industry Giants as Finalist for Top Tech Innovation Award
April 8, 2025Edge Capital Lending, LLC (“Edge”) is proud to announce its selection as one of three finalists for the Banking Tech Awards in the Innovative Use of Existing Technology category—alongside JP Morgan Chase and United Wholesale Mortgage.
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SLR Credit Solutions Announces Promotion and New Employees
April 8, 2025SLR Credit Solutions (“SLR CS”), a leading provider of direct private credit solutions for middle market businesses, is pleased to announce the following promotion and new hires to its team. These individuals will be key contributors to the organization allowing our business to deliver innovative secured debt financings across a wide range of industries including consumer/retail, business services, specialty finance, and industrials.
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Sprout Social Extends Credit Agreement to 2030
April 7, 2025Sprout Social, Inc. (SPT), a prepackaged software services company with a market capitalization of $1.15 billion and impressive revenue growth of 22% over the last twelve months, has amended its credit agreement, extending the maturity date and revising the interest rate determination method, according to a recent SEC filing.
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Neogen® Announces Refinancing of Term Loan and Revolving Credit Facility
April 7, 2025Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced today the successful refinancing of the remaining $550 million principal of its original $650 million term loan, as well as its revolving credit facility, due in August 2027.
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Republic Business Credit Accelerates the Growth of Natural Beauty Brand with a $2,500,000 Factoring Facility
April 7, 2025When a growing, women-owned natural beauty and cosmetics manufacturer wanted to accelerate its growth, it partnered with Republic Business Credit to reach its strategic goals. Republic provided a $2,500,000 factoring facility that refinanced its incumbent lender’s loan while providing more than $1,000,000 in additional liquidity from the manufacturer’s working capital.
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AFS Closes a $6MM Facility for a Domestic and International Mail Service Provider
April 7, 2025Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6 million asset-based lending (ABL) facility for an industry leading, full service domestic and international mail service provider. The facility includes an accounts receivable revolver and a term loan secured by equipment.
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Holland & Knight Adds Team of Maritime Finance Attorneys Led by Mike Timpone in New York
April 7, 2025Holland & Knight has significantly strengthened its leading Asset Finance Group with the addition of Mike Timpone, Kurt Plankl and Sophia Agathis as partners and Nicholas Kaasik as senior counsel in New York. They are joined by four associates.
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Mayer Brown Continues Growth of Leading Structured Finance Practice in Chicago and New York With Finance Duo From Kirkland & Ellis
April 7, 2025Mayer Brown continues to expand its complex structured financing capabilities with the addition of two lawyers—Rudgee S. Charles and Jeff O'Connor—who have joined the firm’s Banking & Finance practice. Rudgee joins the firm’s New York office as a partner. Jeff joins the firm’s Chicago office, bringing decades of securitization experience.
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Rand Logistics Completes $525 Million Refinancing to Support Strategic Growth
April 7, 2025Rand Logistics, Inc. ("Rand"), a leading provider of marine bulk freight shipping and logistics services throughout the Great Lakes region, today announced the successful completion of a $525 million credit facility through its subsidiary, Rand ASC Holdings LLC.
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Goodpeak Begins Construction on Ercot Battery Storage Projects After Securing Construction Debt Financing
April 7, 2025GoodPeak, a rapidly growing utility-scale battery energy storage and solar platform, announced today the closing of construction credit facilities with Pathward®, N.A. and BridgePeak Energy Capital, enabling commencement of construction of its first two 10-MW (2-hour duration) energy storage projects near Houston, Texas.
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