- Oaktree Asset-Backed Income Fund Launches for U.S. Individual Investors
- KORE Capital Delivers $3 Million Working Capital Facility to Empower Growing Entrepreneur Responding to Expanding Client Demand
- JPalmer Collective Funds OM Mushrooms With $6.5M Line of Credit
- Market Sizing & Impact Study
- Ares Raises Over $7 Billion for Leading Credit Secondaries Strategy
TSL Express Daily Articles & News
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SFNet Announces Governance Boards Leadership
The Secured Finance Network (SFNet) Member Directors have elected and the Executive Committee has approved the FY25 SFNet Management Committee and Executive Committee members. In addition, the Secured Finance Foundation (SFFound) Member Donors have elected and the SFFound Board has approved the FY25 SFFound Board and Officers.
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Where Are They Now? Catching up with Previous SFNet 40 Under 40 Award Winners
Past SFNet 40 Under 40 Award recipients discuss how the Award affected their careers and offer advice to the next generation.
TSL Express Daily Headlines & News
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Great Rock Capital Agents $45 Million Revolver to Support a Sponsor-Owned Textile Company
March 11, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $45 million senior secured revolving credit facility.
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SLR Business Credit Provides $15 Million Credit Facility to Transportation and Logistics Company
March 11, 2025SLR Business Credit announces the funding of a $15 million asset-based revolving line of credit to a transportation and logistics company. The credit facility was used to pay down the previous lender and to provide working capital to support the company's continuous growth and expansion.
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Mountain Ridge Capital Provides $45 Million Credit Facility to Growing Plastic Moldings Manufacturer
March 11, 2025Mountain Ridge Capital (“MRC”) and Accord Financial, Inc. provided a senior secured credit facility totaling $45 million to a plastic moldings manufacturer. As an existing borrower, the Company has seen significant growth over the past year, prompting MRC to increase the facility size to better support its continued expansion.
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Business Law Attorney Michael Fehser Rejoins Quarles as Partner in Phoenix Office
March 11, 2025The national law firm of Quarles & Brady today announced that Michael Fehser has rejoined the firm’s Phoenix Office as a partner in the Business Law Practice Group. Fehser handles complex transactions and operational matters for corporate clients, including private equity funds and their portfolio companies, and other privately held businesses, focusing on mergers and acquisitions (M&A), growth equity investments, debt financings and general corporate matters. Fehser also serves as outside general counsel to early-stage startups and a vari
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Strategic Venue Partners Announces Inaugural Issuance of Investment Grade Notes and Refinancing of Revolving Credit Facility to Support Further Growth
March 11, 2025Strategic Venue Partners ("SVP" or the "Company"), a leading provider of in-building wireless infrastructure in the U.S., announced today the completion of its inaugural 4(a)2 private placement to raise $120 million of debt (the "Notes") from a syndicate of institutional investors.
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Monroe Capital Supports Growth of a360inc and ProVest, LLC
March 11, 2025Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of a360inc (“a360”) and ProVest, LLC (“ProVest”, together, the “Company”) by funds sponsored by Morgan Stanley Investment Management, Knox Capital, and Nonantum Capital Partners.
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Silver Point Leads Financing of Acquisition of Brightcove Inc. by Bending Spoons
March 11, 2025Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.
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Mitel Takes Action to Optimize Capital Structure, Positioning the Business for Efficient Growth and Long-term Sustainability
March 11, 2025Mitel Networks Corporation, (“Mitel” or “the Company”), a global leader in business communications, today announced it has entered into an agreement with an ad hoc group of its senior lenders (the “Ad Hoc Group”), certain junior lenders, and other key stakeholders to recapitalize its debt in a manner that best positions the Company to optimize its global operations and drive profitable and predictable growth.
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Blackstone Announces SEC Effectiveness for Private Multi-Asset Credit and Income Fund (BMACX)
March 11, 2025Blackstone (NYSE: BX) announced today that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission.
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Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
March 10, 2025Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan.
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Bain Capital Credit Provides Senior Credit Facility to Support Recapitalization of Trive Capital Portfolio Company AEVEX Aerospace
March 10, 2025Bain Capital Credit today announced that, as sole lead arranger and administrative agent, it led a $160 million senior secured unitranche credit facility to support Trive Capital’s recapitalization of AEVEX Aerospace, a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community.
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Dykema Doubles Houston Office Headcount With the Addition of Seven Attorneys
March 10, 2025Dykema, a leading national law firm, announced the addition of seven attorneys to the firm’s Houston office, doubling the office’s lawyer headcount. This expansion strengthens the firm’s capabilities in key practice areas, including energy, bankruptcy and restructuring, mergers and acquisitions, business taxation and planning, corporate and finance, labor and employment, and business immigration.
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$8 Million ABL Line Builds Foundation for Acquisition, Growth
March 10, 2025An established Arizona contractor provides commercial and residential glass as well as commercial wood and metal doors. Clients include large hotels, hospitals, office buildings and retail locations as well as residential clients requiring specialty applications in custom glass, mirrors and shower surrounds.
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Assembled Brands Provides Growth Line of Credit to wildwonder
March 10, 2025Assembled Brands Capital, a leading asset-based lender for high-growth consumer brands, has closed a new growth line of credit with wildwonder, a standout brand in the rapidly expanding probiotic beverage market. The secured facility will provide the working capital necessary to scale production, optimize inventory management, and meet the growing consumer demand.
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KLX Energy Services Holdings, Inc. Enters Into New Credit Agreement to Refinance Existing Senior Secured Notes Due 2025
March 10, 2025-- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") announced today that it has entered agreements to refinance its existing 2025 senior secured notes by issuing approximately $232 million of senior secured notes due March 2030. The Company also announced it has entered into a new ABL credit facility due March 2028 with a $125 million commitment, a first-in-last-out facility with a $10 million commitment,
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Sallyport Commercial Finance Provides Oilfield Services Company With a $500,000 Factoring Facility
March 10, 2025Sallyport Commercial Finance is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing oilfield services business.
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Hudson’s Bay Company ULC, the Operator of Hudson’s Bay Stores and TheBay.com, Initiates Restructuring Proceedings Under CCAA in Response to Canadian Retail Industry Challenges
March 10, 2025Hudson’s Bay Company ULC (Hudson’s Bay or the company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced that it has commenced proceedings under the Companies’ Creditors Arrangement Act (CCAA) pursuant to an initial order for creditor protection from the Ontario Superior Court of Justice (Commercial List) (the Court). Pursuant to the Initial Order, the Court has appointed Alvarez & Marsal Canada Inc. as the monitor to oversee the CCAA proceedings.
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CIT Commercial Services Provides $45 Million Credit Facility to Logistics Provider
March 10, 2025First Citizens Bank today announced that its CIT Commercial Services subsidiary provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region.
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CIBC Innovation Banking Provides Growth Capital Financing to SpryPoint
March 10, 2025CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities. SpryPoint helps utilities transform customer service and operations across a cloud-native platform. SpryPoint's approach to the meter-to-cash lifecycle helps utilities go beyond routine tasks – becoming true partners in the modernization journey to create lasting impact and greater value for their clients.
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Collins Joins CohnReznick as Florida State and Local Government Advisory Lead
March 10, 2025CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Meghan Collins has joined CohnReznick's Government and Public Sector Advisory practice to lead its Florida state and local government initiatives.
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