- Ares Raises Over $7 Billion for Leading Credit Secondaries Strategy
- Saks Global Nearing $1.75 Billion Financing Plan Ahead of Bankruptcy Filing
- Matrix Applications Completes SOC 1 and SOC 2 Type 2 for TradeBlazer Collateral Management System and Managed Services
- TSL Subscriber Only Content
- Saks Global Secures $1.75 Billion of Committed Capital and Announces Return of Industry Veterans to Advance Transformation of Iconic Luxury Portfolio
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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Amerisource Business Capital Announces $7 Million Acquisition Facility for Equipment Service Provider
March 25, 2025Amerisource Business Capital is pleased to announce the successful closing and funding of a $7,000,000 working capital/acquisition facility for a Texas-based equipment service provider to the oil and gas industry. The acquisition will triple the firm's size.
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First Business Bank Funds $7.5 Million Factoring Facility For Outdoor Lighting Manufacturer
March 25, 2025First Business Bank’s Accounts Receivable Financing group announces the funding of a $7.5 million factoring facility for a manufacturer of outdoor lighting products in the midst of a turnaround.
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Cadence Bank Receives Regulatory Approvals for its Merger with FCB Financial Corp.
March 25, 2025Cadence Bank (NYSE: CADE) announced it has received all regulatory approvals to complete its proposed merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank.
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Winston & Strawn Expands Leveraged Finance Group with Addition of Andrew Jacobs in New York
March 25, 2025Winston & Strawn announced today the addition of Andrew Jacobs to the firm’s New York office. He joins the firm’s Transactions Department as a partner in the Finance Practice.
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Attorney Alexander D. Schultheis Joins Cohn & Dussi as Senior Associate
March 25, 2025Cohn & Dussi, a full-service law firm with its principal office in Boston, is pleased to welcome Alexander D. Schultheis to the firm as Senior Associate. Schultheis is a commercial attorney and litigator specializing in corporate law, financing, and real estate.
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Monroe Capital Supports Fusion Capital Partners’ Acquisition of Tavoron Holdings, Inc.
March 25, 2025Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Tavoron Holdings, Inc. (“Tavoron”) by Fusion Capital Partners.
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Mesirow Expands Alternative Credit Team with Three Strategic Hires
March 25, 2025Mesirow, an independent, employee-owned financial services firm, is pleased to announce the expansion of its Alternative Credit team with three strategic hires. This growth reinforces Mesirow's commitment to providing institutional and high-net-worth investors with an increasing number of differentiated alternative investment offerings.
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Torq Resources to Raise C$2 Million, Settle Debts and Extends Credit Facility
March 24, 2025Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) ("Torq" or the "Company") announces that it is undertaking a non-brokered private placement of 33.33 million equity units of the Company (the "Units") at an offering price of CAD$0.06 per Unit for gross proceeds to the Company of $2 million (the "Offering").
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Yara Refinances Revolving Credit Facility With 11 Banks
March 24, 2025Yara has signed a USD 1,400 million multicurrency revolving credit facility with a syndicate of 11 banks. The facility matures in March 2030, with options for extension until March 2032 on certain terms. The facility replaces an existing facility due to expire in July 2026.
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InterNex Capital Announces $2.5 Million Facility to Electrical Maintenance Company
March 24, 2025A long tenured and leading NYC based electrical maintenance company needed an innovative lender who possessed a deep knowledge of their industry and who could provide structural flexibility.
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Versant Funds $3 Million Non-Recourse Factoring Facility to Housewares Designer & Distributor
March 24, 2025Versant Funding LLC is pleased to announce it has funded a $3 million non-recourse factoring facility to a company which designs and distributes housewares through major grocery and retail channels.
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Clarus Capital Closes $17 Million Loan Financing for Publicly Traded Energy Services Provider
March 24, 2025Clarus Capital (“Clarus”) announced today the successful completion of a new $17 million loan facility for a publicly traded energy services provider. Funding proceeds will be used to acquire new storage equipment servicing a longstanding contract with one of the company’s key customers.
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23andMe Initiates Voluntary Chapter 11 Process to Maximize Stakeholder Value Through Court-Supervised Sale Process
March 24, 202523andMe Holding Co. (“23andMe” or the “Company”) (Nasdaq: ME), a leading human genetics and biotechnology company, today announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri (the “Court”) to facilitate a sale process to maximize the value of its business.
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KeyBank's Commitment to Building Relationships with Small and Middle Market Businesses Wins 12 National and Regional Best Bank Awards from Coalition Greenwich
March 24, 2025KeyBank (NYSE: KEY) is being recognized for its support of small and middle market business clients with twelve 2025 Best Bank Awards in middle market banking and small business. These awards reflect Key's sophisticated platform and depth of expertise for growth companies as well as its commitment to helping small businesses grow and run better.
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Wingspire Capital Provides a Revolver to Halo Dream To Support Acquisition of Baby Merlin
March 24, 2025Wingspire Capital is pleased to provide a senior secured revolving credit facility to HALO Dream Inc. to support its acquisition of Baby Merlin, expanding its offering of baby sleepwear products.
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Liberty Leasing Accelerates their Digital Transformation with Lendscape’s AI-ready Contract Management Platform
March 24, 2025Liberty Leasing, a leading independent asset finance provider, has chosen Lendscape as its new contract management platform, accelerating its digital transformation journey with cutting-edge, AI-ready technology. By adopting Lendscape’s purpose-built, API-first asset finance platform, Liberty joins a growing roster of forward-thinking finance providers choosing to future-proof their operations and enhance the lending experience.
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MoonPay Obtains $200m Credit Facility From Galaxy
March 24, 2025MoonPay has secured a $200m “revolving credit facility” from Galaxy, a financial services firm specialising in cryptocurrency. This enables the company to manage increased transaction volumes driven by current market trends and continue servicing its expanding customer base and address liquidity needs promptly.
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Runway Growth Extends Credit Facility and Enhances Governance Profile
March 24, 2025Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided two operational updates.
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Spencer Fane Gains Multi-Practice Partner in St. Louis, Expands Financial Services and Corporate Transactions Practices
March 24, 2025Spencer Fane LLP is pleased to announce John G. Willard joined the firm’s St. Louis office as a partner in the Banking and Financial Services and Corporate and Business Transactions practice groups, which continue to experience rapid but measured growth in response to increased client needs. Since late August, Spencer Fane has added 25 attorneys in these practice areas across 11 different markets.
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FalconX Launches First Tokenized Structured Credit Facility
March 24, 2025Structured credit has long been the backbone of global fixed-income markets, enabling institutions to efficiently finance lending activities. Yet, in crypto, institutional-grade credit remains largely untapped—until now.
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