- Altus Expands Leadership Team to Advance Commercial Execution and Strategic Growth
- Targeted Lending Co., LLC Expands Senior Credit Facility with Wells Fargo Capital Finance to $125 Million
- EBSC Lending Provides $54 Million Construction Loan for Phase I of a 180-Unit Multi-Housing Community in Gainesville, Florida
- Kikin Financial Announces $20 Million Debt Facility to Power Growth of UK Business
- Elevex Capital Announces $1 Billion Forward Flow Agreement With TPG
TSL Express Daily Articles & News
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SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
SLR Business Credit is pleased to announce the addition of Mark J. Simshauser as Senior Vice President. In this role, Mark will have the responsibility of supporting and financing SME’s through the Northeast United States.
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The ABL industry is struggling with succession challenges. Founders are synonymous with their firms, yet many lack succession plans despite good health and changing industry dynamics. The generational shift demands innovation and client-centric approaches. Planning and communication are crucial. Unlike TV drama, ABL leaders must ensure smooth transitions to secure their legacies and firms’ futures amidst industry upheaval.
TSL Express Daily Headlines & News
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Webster Announces Chief Risk Officer Transition
April 2, 2025Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A., today announced that after 14 years with the Company, Dan Bley intends to retire from his role as Executive Vice President and Chief Risk Officer (CRO). Mr. Bley will continue to serve as the Company’s CRO until a successor is appointed and will then serve in an advisory role to ensure a smooth transition.
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Sallyport Commercial Finance LLC Selects T.R.U.S.T.™ for Credit Insurance Management
April 2, 2025FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that independently operated, national leader in specialty finance, Sallyport Commercial Finance LLC (“Sallyport”) has chosen T.R.U.S.T.™ as its software platform for client credit insurance policy management.
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Entrepreneur Growth Capital Provides $10,000,000 Line of Credit to Brand Developer/Online Marketer
April 2, 2025Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $10 million asset-based facility to one of Amazon’s leading brand developers (“the Company”). The credit facility provides availability against both accounts receivable and inventory and provides for a $5MM seasonal overadvance.
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NXT Capital Closes Senior Credit Facility in Support of Incline Equity Partners' Acquisition of Command Investigations
April 2, 2025NXT Capital announced today that it closed a senior credit facility in support of Incline Equity Partners’ acquisition of Command Investigations. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
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Alpine Ridge Funding Closing $3 Million Factoring Facility for an Infrastructure Management Company
April 2, 2025Alpine Ridge Funding is proud to announce the successful closing of a $3 million factoring facility for an infrastructure management company. The company needed working capital to support existing purchase orders and fuel the growth for future business.
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Eclipse Business Capital Closes $160 Million Senior Secured Revolving Credit Facility to O&G Service Provider
April 2, 2025Eclipse Business Capital, LLC ("EBC") has financed a $160 million senior secured revolving credit facility to a service provider in the oil & gas industry. The credit facility is secured by accounts receivable and inventory. The transaction refinances the company's existing credit facilities to support ongoing working capital needs.
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Wendel Completes the Acquisition of a Controlling Stake in Monroe Capital LLC, a Transformational Transaction in Line with its Strategic Roadmap
April 2, 2025Wendel (MF-FP) today announced that it has completed the definitive partnership agreement including the acquisition, together with AXA IM Prime, of 75% of Monroe Capital LLC (“Monroe Capital” or “the Company”), and a sponsoring program of $800 million to accelerate Monroe Capital’s growth, and will invest in GP commitment for up to $200 million.
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S&P Global Market Intelligence's Annual Private Equity and Venture Capital Outlook Indicates Optimism Amid Macroeconomic Caution
April 2, 2025The private equity and venture capital industries are optimistic as deal activity and fundraising is improving, despite caution about the macroeconomic environment, according to the S&P Global Market Intelligence 2025 Private Equity and Venture Capital Outlook.
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Prague & Company Combines with EisnerAmper
April 2, 2025Global business advisory firm EisnerAmper announces that the colleagues of the accounting practice of Prague & Company, P.C., are joining EisnerAmper in a combination expected to close in spring 2025.
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AudioEye Announces New Commercial Bank Loan Facility
April 2, 2025AudioEye, Inc. (Nasdaq: AEYE) ("AudioEye" or the "Company"), the industry-leading digital accessibility company, today announced a new $20 million loan facility with Bridge Bank, a division of Western Alliance Bank, Member FDIC (NYSE: WAL), a financial institution with over $80 billion of assets.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Kingswood Capital Management's Investment in IDX
April 1, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment to support Kingswood Capital Management's ("Kingswood") investment in Identity Theft Guard Solutions, Inc. ("IDX" or the "Company"), a leading provider of data breach response services and digital privacy protection.
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Grasshopper Bancorp, Inc. Announces Completion of Grasshopper Bank’s Merger With Auto Club Trust, FSB
April 1, 2025Grasshopper Bancorp, Inc. (“Grasshopper” or the “Company”) today announced the completion of its previously announced merger of its wholly owned subsidiary, Grasshopper Bank, N.A. (“Grasshopper Bank”), with Auto Club Trust, FSB (“Auto Club Trust”) in a cash and stock transaction.
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Volkswagen Group Expands Syndicated Credit Facility
April 1, 2025Volkswagen Group has successfully renewed its syndicated multicurrency revolving credit facility, reinforcing its strong relationships with 44 core banking partners. This renewal reflects both Volkswagen’s continued growth and its stepwise transformation, ensuring long-term financial flexibility.
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Targeted Lending Co., LLC Expands Senior Credit Facility With Wells Fargo Capital Finance to $75 Million
April 1, 2025Targeted Lending Co., LLC, a leading force in the equipment finance industry, is pleased to announce the expansion of its senior credit facility with Wells Fargo Capital Finance to $75 million.
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Winston & Strawn Adds Transactions Partner Stanislav Kalminsky in Los Angeles
April 1, 2025Winston & Strawn announced today the addition of Stanislav (“Stan”) Kalminsky as a partner in the firm’s Los Angeles office. He joins the Transactions Department where he will focus his practice on private equity, mergers and acquisitions, and general corporate and securities matters.
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Advantage Business Capital Funds Participation of $3.75MM Factoring to Medical Staffing Agency
April 1, 2025Advantage Business Capital, a subsidiary of Central Bank of Texas, today announces that its factoring division has provided and funded a $3.75MM participation revolver as a part of a total $15MM factoring line to a medical staffing agency providing temporary staffing services to the healthcare sector.
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Pasadena Private Lending Closes on new $50 Million Institutional Round and Extends Senior Credit Facility
April 1, 2025Pasadena Private Lending Inc. ("PPL"), an affiliate of Pasadena Private Financial Group, is pleased to announce it has recently closed on a $50 million secured term loan with SLR Capital Partners, LLC ("SLR"), an independent asset manager focused on providing capital solutions to U.S.-based middle market businesses across direct lending and specialty finance asset classes.
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SLR Business Credit Promotes Heidi Ames and Jennifer Borg
April 1, 2025SLR Business Credit is proud to announce the promotion of Heidi Ames and Jennifer Borg to managing director.
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BHI and Northwind Group Provide $170 Million Construction Loan to Haim and Rony Nortman’s Nortco Development for a 18 Story 36 Unit Luxury Condominium Development
April 1, 2025BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, together with Northwind Group a Manhattan-based real estate private equity firm and debt fund manager, today announced that they provided a $170 million construction loan to Haim and Rony Nortman’s Nortco Development for the construction of a new 18 story development located at 200 West 88th Street, New York, NY, 10024.
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Iron Horse Credit Welcomes Paul J. Durosko
April 1, 2025Iron Horse Credit is pleased to announce the appointment of Paul J. Durosko as Senior Vice President. Mr. Durosko brings a wealth of knowledge and expertise in credit, operations, and portfolio management from his 32 years of experience in the commercial finance industry.
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