- Coral Capital Solutions Provides Factoring Facility to a Leading Not-for-Profit Home Care Provider
- Assembled Brands Provides Accordion-Style Senior Facility to Fuel Stately’s Subscription Growth
- Xponential Fitness, Inc. Announces Debt Refinancing, New Credit Facilities
- News Detail
- SouthStar Delivers $500,000 Financing Facility to Support a Growing Government Contractor
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Flagstar Bank Expands Commercial and Private Banking Leadership Team with Key Executive Appointments
Flagstar Bank, N.A., the bank subsidiary (the "Bank") of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), announced today the expansion of its Commercial and Private Banking leadership team with the appointment of four accomplished senior executives.
TSL Express Trending Story
Featured
"Who's on First?" is a comedy routine made famous by American comedy duo Abbott and Costello. The premise of the sketch is Abbot comically trying to identify to Costello the names of players on a baseball team that simultaneously leads to misunderstanding and frustration between the two. Today, there are now enough ABL products to fill an infield with the latest one, First-Out ABL, being on first. The First-Out product is simply an asset-based loan within a term loan originated by a traditional cash flow lender.
TSL Express Daily Headlines & News
-
Cambridge Savings Bank Provides Belle Brands with $10 Million Revolving Line of Credit to Fuel Growth
February 18, 2025Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, today announced that its Asset-Based Lending (“ABL”) team has provided a $10MM revolving line of credit to Belle Brands, a portfolio of personal care companies of Windsong Global and a small group of co-investors.
-
b1BANK Announces Senna Bayasgalan as Chief Marketing Officer
February 18, 2025b1BANK, announces the appointment of Senna Bayasgalan as chief marketing officer. Bayasgalan will lead brand and marketing technology initiatives to support the banks’ growth and deepen client relationships. Bayasgalan has over 16 years of experience in marketing leadership, international brand building, communications and customer acquisition across private capital, technology and media industries.
-
Assembled Brands Capital Appoints Kunal Kohli as Managing Director, Head of Revenue
February 18, 2025Assembled Brands Capital announces the appointment of Kunal Kohli as Managing Director, Head of Revenue. In this role, Kunal will lead the firm’s revenue strategy, business development, and expansion of its asset-based lending portfolio, with a focus on client engagement, pipeline management, and optimizing lending practices to support sustainable advancement.
-
Red Cat Raises Up to $20 Million in Debt Financing
February 18, 2025Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has entered into an agreement for up to $20 million and closed on the initial tranche of $16.5 Million in debt financing with The Lind Partners, a New York based institutional fund manager (“Lind”).
-
OppFi Upsizes Revolving Credit Facility with Affiliates of Blue Owl Capital to $300 Million
February 18, 2025OppFi Inc. (NYSE:OPFI) (“OppFi ” or the “Company”), a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, today announced the Company increased the existing revolving credit facility among one of the Company’s subsidiaries and affiliates of Blue Owl Capital Inc. (“Blue Owl”) to $300 million, up from $250 million.
-
Invoice Factoring Start-up Revving Secures £107M in mix of Equity and Debt Funding
February 18, 2025Funded in 2020 by CEO Chris Pettit and COO David Mandeno, Revving offers a technology platform designed to help digital businesses – particularly in the adtech sector – access cash from their sales revenue, enabling them to receive funds faster through invoice factoring.
-
U.S. Energy Development Corporation Completes Corporate Refinancing with $165 Million Syndicated Revolving Credit Facility led by Citibank, N.A.
February 18, 2025U.S. Energy Development Corporation ("USEDC"), an exploration and production company focused on the development of energy projects for itself and its partners, today announced successful closing of a new $165 million syndicated revolving credit facility led by Citibank, N.A.
-
Monroe Capital Supports Olympus Partners’ Acquisition of Accelevation Holding Company, LLC
February 18, 2025Monroe Capital LLC (“Monroe”) announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Accelevation Holding Company, LLC (“Accelevation”) by Olympus Partners.
-
Former Partner and Senior Member of Credit Funds at Fortress Investment Group, Jared Cohen, Joins Star Mountain Capital as Managing Director
February 18, 2025Star Mountain Capital, LLC ("Star Mountain"), a rapidly growing, employee-owned investment firm with over $4 billion in assets under management (AUM), is pleased to announce that Jared Cohen has joined the firm as a Managing Director on the Investment Team.
-
Sarepta Therapeutics Announces Inaugural $600 Million Senior Secured Revolving Credit Facility
February 18, 2025Sarepta Therapeutics, Inc. (NASDAQ:SRPT), the leader in precision genetic medicine for rare diseases, announced today that it has closed on a $600 million senior secured revolving credit facility with a bank syndicate.
-
Safe Harbor Financial Originates $1,500,000 Secured Credit Facility for Missouri Cannabis Operator
February 18, 2025SHF Holdings, Inc., d/b/a Safe Harbor Financial (“Safe Harbor” or the “Company”) (NASDAQ: SHFS), a fintech leader in facilitating financial services and credit facilities to the regulated cannabis industry, announced the closing of a $1,500,000 secured credit facility for a Missouri-based cannabis operator.
-
Aequum 2024 Year in Review: A Year of Growth, Milestones, and Strategic Expansion
February 18, 2025Aequum achieved several significant milestones in 2024, underscoring its position as a leading lender in the $5-$50 million non-bank asset-based lending market. The firm closed $152 million in new loan commitments, further solidifying its reputation as a preferred partner in this unique and complex space.
-
Austin Financial Services (AFS) Closes a $3MM ABL Facility to Manufacturer of Sheet Metal Components
February 18, 2025Austin Financial Services (AFS) is pleased to announce the successful closing of a $3MM asset-based lending facility (ABL) to a leading manufacturer of sheet metal components serving the railroad and automotive sectors. The financing solution was comprised of an accounts receivable and inventory revolver, as well as an equipment term loan.
-
NXT Capital Closes Senior Credit Facility in Support of Agellus Capital’s Acquisition of CompassMSP
February 18, 2025NXT Capital announced today that it closed a senior credit facility in support of Agellus Capital’s acquisition of CompassMSP, which merged with Agellus’ existing managed IT portfolio company, BlackPoint IT Services. NXT Capital acted as Joint Lead Arranger and Administrative Agent on this transaction.
-
Victory Park Capital Expands Legal Credit Team, Welcomes Hugo Lestiboudois as Principal
February 18, 2025Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit, today announced that Hugo Lestiboudois has joined the firm as Principal. Mr. Lestiboudois, who brings over 10 years of experience in developing and operating legal finance strategies, will work alongside Richard Levy, VPC CEO, CIO & Founder, and Chad Clamage, Managing Director, to advance the firm’s legal credit strategy.
-
Kilo Fund Management Announces New Asset-Based Lending Facility
February 18, 2025Kilo Fund Management, a specialty provider of commodity inventory finance to North American middle-market companies, announced the extension of its $50 million asset-backed senior secured revolving credit facility (the “ABL”). The renewed commitment enhances Kilo’s ability to deliver tailored commodity finance solutions to industrial and wholesale users of metals, food and agricultural commodities, and energy inventories.
-
Porter Capital Provides $15 Million in Financing for Transportation Startup
February 18, 2025Porter Capital, a trusted leader in specialty financing solutions, has provided a $15 million credit facility for a newly established entity in the transportation and freight services industry, headquartered in Georgia. The client, with nearly a century of operational history and a strong presence in the Midwest, required innovative financing to support its transition after forming a new LLC to acquire a division of a publicly traded Fortune 500 company.
-
Treatment.Com AI Inc. Announces a New M&A Credit Facility
February 13, 2025Treatment.com AI Inc. (the “Company” or “Treatment”) (CSE: TRUE; OTC: TREIF; FFA: 939) announces that it has entered into a M&A credit facility to fund transaction expenses and closing costs associated with acquisitions such as rocket Doctor.
-
Vero Fiber Expands Credit Facility for Further Network Growth
February 13, 2025VFN Holdings, Inc (Vero), a nationwide fiber infrastructure provider serving wholesale, carrier, technology, education and retail internet customers, announced the successful expansion of its existing credit facility to $240M of committed capital with an accordion providing up to $310M of total capacity.
-
Niamh Kristufek Joins First Business Bank As President of Specialty Finance
February 13, 2025First Business Bank welcomes Niamh Kristufek to its parent company, First Business Financial Services, Inc., as President - Specialty Finance. With extensive financial services experience, Niamh provides strategic guidance and expertise to our Accounts Receivable Financing, Equipment Financing, and Floorplan Financing, and SBA Lending teams.
The Secured Lender
SFNet's The 81st Annual Convention Issue
