- Polestar Secures New Term Loan Facility of Up To USD 600 Million
- Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
- Westwood Financial Expands Corporate Credit Facility By $145 Million To $470 Million Total
- Market Sizing & Impact Study
- HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Travis Pocock Joins SLR Business Credit
SLR Business Credit, and its parent company SLR Capital Partners, is proud to announce the addition of Travis Pocock as Senior Vice President. In his role, Travis will be responsible for identifying and engaging asset-based lenders, accounts receivable factoring companies, and portfolios for acquisition.
TSL Express Trending Story
Featured
The Transformative Impact of Mentoring: An Interview with Emily Neuherz
The SFNet Mentoring program, sponsored by the Secured Finance Foundation and the SFNet DEI Committee, has become a cornerstone of professional growth and community building within our industry. In this interview, we highlight the journey of Emily Neuherz, senior associate, Capital Foundry and a passionate advocate and past mentee of the program. Emily’s experience not only underscores the immense value of mentorship but also serves as a testament to the transformative impact it can have on career development. Through her story, we hope to inspire both new potential mentees and mentors to join our upcoming Fall iteration, and embark on a path of mutual growth, learning and success.
TSL Express Daily Headlines & News
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Dillard’s, Inc. Amends and Extends Revolving Credit Facility
March 17, 2025Dillard’s, Inc. (DDS-NYSE) (“Dillard’s” or “the Company”) announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the Company’s liquidity needs. A $200 million expansion option remains in place. The new maturity date is March 12, 2030.
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Terravest Announces The Acquisition of Entrans International and Amended Credit Facility
March 17, 2025TerraVest Industries Inc. (TSX: TVK) ("TerraVest") is pleased to announce that it has acquired EnTrans International ("Entrans") – a premier North American manufacturer of tank trailers and transportation solutions.
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CIBC U.S. Asset Based Lending Provides Senior Credit Facility to Support New Water Capital’s Acquisition of Dutch Gold Honey, Inc.
March 17, 2025CIBC U.S. Asset Based Lending is pleased to announce the closing of a senior credit facility to support New Water Capital Partners II, L.P.’s acquisition of Dutch Gold Honey, Inc., as well as provide working capital to fuel the continuing growth of the business and a comprehensive suite of banking services.
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Second Avenue Capital Partners Provides a USD $20 Million Senior Secured Credit Facility to Canadian Home Fashion Brand Bouclair
March 17, 2025Second Avenue Capital Partners (SACP), a Schottenstein affiliate, is pleased to announce the closing of a USD $20 million senior secured credit facility for Bouclair, a leading Canadian home brand and omnichannel retailer specializing in stylish and affordable home décor and furnishings.
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Federal Reserve Board Approves the Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp
March 17, 2025Sterling Bancorp, Inc. (NASDAQ: SBT) (“Sterling” or the “Company”), the holding company of Sterling Bank and Trust, F.S.B. (the “Bank”), today announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System of the Company’s sale of all of the issued and outstanding shares of capital stock of the Bank to EverBank Financial Corp, a Delaware corporation (“EverBank”), which is the final regulatory approval needed to complete the sale transaction.
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High-Quality AV Gear from Industry Camera Goes to Auction on March 25th and 26th
March 17, 2025By consent of secured creditor, a Tiger Group online auction on March 25-26 will feature digital cameras, lenses, lens sets, heads, audio, filters, wireless, and other high-quality AV gear from L.A.’s Industry Camera.
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Mitsubishi HC Capital America Announces Steven Holben's Appointment to Equipment Finance Cares Advisory Council
March 17, 2025Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is proud to announce the appointment of Steven Holben, Senior Director of Digital Sales Strategy and Originations, to the Equipment Finance Cares Advisory Council.
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Citigroup and Apollo Reportedly Offer Private Credit for Boeing’s Jeppesen Sale
March 17, 2025Citigroup (NYSE: C) and Apollo (NYSE: APO) are offering potential buyers of Boeing (NYSE: BA)’s Jeppesen navigation unit the option to fund the acquisition via the pair’s nascent private credit partnership, according to Bloomberg.
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Wingspire Capital Provides $30 Million Revolver to Digital Media Solutions Amid Sale to Investor Group
March 17, 2025Wingspire Capital is pleased to provide a $30 million revolver to Digital Media Solutions, Inc. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale of substantially all of its assets to an investor group led by funds and accounts managed by BlackRock in addition to Bain Capital, Blackstone, and Abry Partners.
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SolaREIT Expands Revolving Credit Facility to $60 Million with Atlantic Union Bank and EagleBank
March 14, 2025SolaREIT™, the leading solar and battery storage real estate investment company, announced today the expansion of its revolving credit facility to $60 million through an increased commitment from Atlantic Union Bank (NYSE: AUB) and the syndication to EagleBank (NASDAQ: EGBN). Atlantic Union Bank served as the sole book runner and administrative agent for the facility, leading the structuring and syndication efforts.
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Heritage Global Capital Appoints Anastasia Suda Executive Managing Director to Lead Specialty Lending Division
March 14, 2025Heritage Global Capital (“HGC”), a subsidiary of Heritage Global Inc. (Nasdaq: HGBL), specializing in flexible funding structures for the Accounts Receivable Management “ARM” industry, today announced the appointment of Anastasia Suda as Executive Managing Director, to lead the Company’s specialty lending division.
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NXT Capital Closes Senior Credit Facility in Support of L Squared Capital Partners’ Add-On Acquisition and Recapitalization of Netrio
March 14, 2025NXT Capital announced today that it closed a senior credit facility in support of L Squared Capital Partners’ add-on acquisition and recapitalization of Netrio. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.
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KBRA Releases Research – Private Credit: CFO Growth and Performance
March 14, 2025KBRA releases research on collateralized fund obligations (CFO), discussing their typical structure and common credit protections. CFOs are specialized financial vehicles collateralized by the cash flows from a diversified pool of private capital assets—primarily limited partner interests and sometimes co-investments or secondary market fund positions—in multiple private capital funds.
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Team, Inc. Announces Refinancing Transaction
March 14, 2025Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it has successfully closed on a refinancing transaction (the “Transaction”) that lowers the Company’s cost of capital and terms out its capital structure.
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Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to MaxiTransfers
March 14, 2025Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company.
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Gridiron Capital Ranked #1 in HEC Paris-Dow Jones 2024 Mid-Market Buyout Performance Ranking
March 14, 2025Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is proud to announce that it has been ranked the #1 Mid-Market Buyout firm on the 2024 HEC Paris-Dow Jones Performance Ranking.
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Axos Bank Taps Industry Veteran Kristian Ilkov to Lead Its Middle Market Banking Division
March 13, 2025Axos Bank (“Axos”), the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), announced the launch of its Middle Market Banking Division. Led by industry veteran Kristian (Kris) Ilkov, Axos will look to capitalize on disruptions in certain industry verticals. The Middle Market Banking team will provide hands-on relationship management for clients, including tailored banking solutions for middle market clients.
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SoFi Expands Loan Platform Business with $5 Billion Agreement with Blue Owl Capital Funds
March 13, 2025SoFi Technologies, Inc. (NASDAQ: SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi’s largest Loan Platform Business agreement to date.
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Nutrien Prices Offering of an Aggregate of US$1.0 Billion of 2-Year and 7-Year Senior Notes
March 13, 2025Jones Day represented Nutrien Ltd. in connection with a public offering of U.S.$1.0 billion of Senior Notes, consisting of (i) U.S.$400 million aggregate principal amount of 4.500% Senior Notes due 2027 and (ii) U.S.$600 million aggregate principal amount of 5.250% Senior Notes due 2032.
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Mitsubishi HC Capital America adds Scott Schrenker to Growing Construction Team
March 13, 2025Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the addition of Scott Schrenker to its construction team as a Business Development Manager. This new hire aligns with the company’s growth in the construction markets and provides additional resources to extend financing services and support to valued partners and clients.
The Secured Lender
SFNet's The 81st Annual Convention Issue
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