- Rosenthal Capital Group Closes Two Purchase Order Financing Transactions Totaling $5 Million
- Hedaya Capital Supports Seasonal Needs of Apparel Company
- Eclipse Business Capital Provides $75 Million Senior Secured ABL Facility to Consumer Products Supplier
- Oak Valley Community Bank Welcomes Dan Greene as Vice President, Branch Manager of Tracy Branch
- Next Level Aviation® Secures Credit Facility Increase to $80MM with PNC Bank
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Leading Restructuring Lawyer Joins Latham & Watkins in New York
Latham & Watkins LLP is pleased to announce that Joe Zujkowski has joined the firm's New York office as a partner in the Restructuring & Special Situations Practice. Zujkowski represents debtors, ad hoc creditor groups, and individual creditors in in-court and out-of-court restructurings and in executing complicated financing transactions.
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FTC Ban on Noncompete Agreements: What Do Employers Need to Know?
On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to finalize and issue a rule banning virtually all noncompete clauses in employment contracts with extremely limited exceptions. The rule is set to go into effect 120 days after its publication in the Federal Register, which is pending. However, as explained below, it is uncertain whether this rule will go into effect due to the ongoing legal challenges surrounding the rule.
TSL Express Daily Headlines & News
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Blank Rome Adds Finance Pros James M. Cretella and Ikhwan A. Rafeek as Partners in New York
February 12, 2025Blank Rome LLP is pleased to announce that James “Jim” M. Cretella and Ikhwan A. Rafeek have joined the firm’s leading Finance, Restructuring & Bankruptcy group in New York. Jim and Ikhwan represent institutional and specialty lenders, banks, and commercial finance and factoring companies in a variety of asset-based lending (“ABL”), specialty finance, and corporate transactions.
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Light and Wonder Looks to Upsize and Extend Existing Revolver
February 11, 2025Light & Wonder, Inc. and Light and Wonder International, Inc. (collectively, Light & Wonder or LNW) (BB/Stable) are seeking to upsize their existing senior secured revolving credit facility to $1 billion from $750 million and extend the maturity to Feb. 2030 from April 2027, according to Fitch Ratings.
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Wells Fargo Expands its Commercial Banking Transformation With Q2
February 11, 2025Wells Fargo has partnered with Q2 Holdings to launch a new commercial banking platform, supporting its digital transformation efforts and enhancing bankers’ efficiency.
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Stellus Capital Management, LLC Serves as Lead Arranger of Unitranche Financing to Support Continued Growth of Eagle Merchant Partners' Portfolio Company Eskola Roofing and Waterproofing
February 11, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates led the successful syndication of senior debt financing to support the growth of Eskola, LLC ("Eskola"), a commercial roofing contractor backed by Eagle Merchant Partners.
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Climate First Bank Grows Structured Finance Division With New Hire
February 11, 2025Climate First Bank (www.climatefirstbank.com), the world’s first FDIC-insured digital community bank founded to combat the climate crisis, is pleased to announce the appointment of Scott Frederick as Vice President, Business Development Officer for the bank’s Structured Finance division. In his new role, Scott will focus on Factoring and Asset Based Lending, bringing his extensive experience and expertise to the bank.
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Mitsubishi HC Capital America’s Wayne Pass Named to Equifax’s Commercial Finance Network Advisory Board of Directors
February 11, 2025Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce that Wayne Pass, Senior Vice President and Chief Credit Officer for the Vendor Solutions division, has been named to Equifax’s Commercial Finance Network (CFN) Advisory Board of Directors.
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Encina Lender Finance & Cardo AI: Transforming Asset-Based Finance for Originators and Investors
February 11, 2025Encina Lender Finance, LLC (“ELF”) and Cardo AI have created a partnership to revolutionize the asset-based finance (ABF) market, delivering faster, more efficient funding solutions for originators and greater capital deployment opportunities for institutional investors (LPs).
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LSQ Creates $2.5MM Invoice Finance Facility for Minnesota-based Snack Manufacturer
February 11, 2025LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a Minnesota-based producer of snack foods.
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Tradewind Finance Enters Aviation Fuel Market with $15 Million Credit Facility for Leading Fuel Distributing Company in the Caribbean
February 11, 2025Tradewind Finance, a global trade finance provider whose solutions enable businesses to optimize their cash flow and accelerate growth, has today announced $15 million in funding for one of the leading fuel distributing companies in the Caribbean.
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Monroe Capital Supports Platinum Equity’s Investment in Global, The Source
February 11, 2025Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the investment in Global, the Source (“Global”) by Platinum Equity.
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Rosenthal & Rosenthal Expands Into Equipment Finance with Solifi’s Solutions
February 11, 2025Solifi, a global fintech software partner for secured finance, announced the successful implementation of its equipment finance solutions by Rosenthal & Rosenthal, the leading private commercial finance firm in the United States.
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Amerisource Closes $2 Million Revolving Credit Facility For Mechanical Repair Services Firm
February 11, 2025Amerisource Business Capital is pleased to announce the successful closing and funding of a $2,000,000 ABL revolving line of credit, leveraging A/R and inventory, for a mechanical repair service provider catering to construction companies and contractors in the Midwest. This facility will support the company’s rapid growth and working capital requirements.
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First Citizens Bank Provides $26 Million in Financing to Euroseas Ltd.
February 11, 2025First Citizens Bank today announced that its Maritime Finance business provided $26 million in financing to Euroseas Ltd., enabling the container shipping company to add a newly built 2,800 TEU Eco containership to its fleet.
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Bankruptcy Sale Features All-New EV Battery-Manufacturing Equipment: Tiger Group and Liquidity Services Offer Unused Assets Stored in Belgium and South Korea
February 11, 2025On behalf of a secured creditor, Tiger Group and Liquidity Services are accepting offers on a large amount of advanced EV battery manufacturing equipment—brand-new and still in its original crates.
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Natixis Corporate & Investment Banking Welcomes Janet Kim as Managing Director and Head of Strategic Equity Capital Markets Americas
February 11, 2025Natixis Corporate & Investment Banking (Natixis CIB) is pleased to announce the appointment of Janet Kim as Managing Director and Head of Strategic Equity Capital Markets (SECM) Americas. An accomplished strategic equity solutions leader, Janet brings more than 25 years of structured capital markets, product innovation, and strategic client advisory experience to the firm.
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Legacy Corporate Lending Provides $25 Million Asset-Based Credit Facility to Bridgewell Agribusiness
February 11, 2025Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it provided a $25 million asset-based credit facility to Agribusiness Holdings, Limited Partnership and subsidiaries (doing business as “Bridgewell Agribusiness”) (or “the Company”), a leading food and agriculture products business.
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Clifford Chance Hires US Commercial and Securities Litigation Partner Peter Isajiw in New York
February 11, 2025Global law firm Clifford Chance has appointed Peter Isajiw as a partner in its Litigation & Dispute Resolution team as the firm expands its commercial and securities litigation offering in the US and globally.
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Comvest Credit Partners Provides Debt Financing to Support Merger of Opexus and Casepoint and Majority Investment from Thoma Bravo
February 11, 2025Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) to support the merger of Opexus and Casepoint (together, the “Company”), providers of software technology services to the federal government.
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Private Equity and Venture Capital Deal Value Nudges Down in January
February 11, 2025Global private equity and venture capital transaction value totaled $35.28 billion in January, down slightly compared with January 2024, according to S&P Global Market Intelligence data.
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SFNet New Member Spotlight: Equify Business Funding
February 10, 2025The Equify Business Funding division provides small- to mid-market working capital funding solutions across a nationwide footprint, including multiple sale offices throughout the United States. Its focus is on companies with $1 million to $200 million in annual revenues with product offerings including factoring and asset-based lending.
The Secured Lender
SFNet's The 81st Annual Convention Issue
