- Fluent Inc. Announces New Credit Facility
- Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
- Bank Economists: Credit Outlook Improves Amid Continued Softening
- Eclipse Business Capital Provides $75 Million Senior Secured ABL Facility to Consumer Products Supplier
- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SG Credit Announces the Launch of SG Commercial Finance and Hiring of John Nooney And Mark Pickering
SG Credit Partners today announced the launch of SG Commercial Finance (“SG CF”) and the hiring of career ABL executives John Nooney and Mark Pickering to lead the group. SG Commercial Finance is a new vertical under the SG umbrella formed to originate and manage both asset-based revolving loans as well as asset-backed and cash flow term loans from $5 million to $20+ million in commitment size to companies in a variety of industries.
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SFNet’s Asset-Based Capital Conference: Industry Uncertainty Presents Threats and Opportunities
SFNet’s Asset-Based Capital Conference (ABCC), now in its 16th year, was held February 6-7 in Las Vegas. Attendees experienced thought-provoking discussions on the economy, geopolitics, talent retention, credit quality and industry dynamics.
TSL Express Daily Headlines & News
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MONTICELLOAM, LLC Funds $22M Working Capital Facility for Skilled Nursing Portfolio
January 9, 2025MONTICELLOAM, LLC (“MonticelloAM”), has announced the closing of a $22 million senior secured working capital facility, complementing the firm’s recent $400 million bridge financing for 29 Southeastern skilled nursing facilities.
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Bonaccord Capital Announces Fund II Final Close at $1.6B
January 9, 2025Bonaccord Capital Partners announced the final close of its second GP Stakes fund, Bonaccord Capital Partners II with $1.6 billion in total commitments.
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Citizens M&A Outlook Finds Dealmaker Sentiment at a Five-Year High
January 9, 2025Optimism about the dealmaking environment has reached a five-year high, according to Citizens’ 2025 M&A Outlook. The 14th annual survey of 400 leaders at U.S. middle-market companies and private equity firms revealed that 54% of decision-makers believe the current M&A environment is strong.
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CIT Northbridge Provides $30 Million Credit Facility to Ice Services
January 9, 2025First Citizens Bank today announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $30 million revolving credit facility to Ice Services LLC, a distributor of cellular phones and related wireless items and services.
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Ocorian Continues US Expansion With Fund Services Appointment
January 9, 2025Ocorian, market leader in asset servicing for private markets and corporate and fiduciary administration, has added Lynne Westbrook as Head of Fund Services Dallas, to the team, as it continues to expand its business in the US.
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New and Late-Model Tractor Trucks and Trailers Hit the Block in Jan. 16 Bankruptcy Sale
January 9, 2025A Tiger Group live webcast auction on Jan. 16 will feature more than 50 new and late-model trucking assets—both tractor trucks from well-known makers such as International, Peterbilt, Freightliner, Paccar, Kenworth and Daimler, and reefer and dry van trailers from CIMC, Great Dane, Hyundai, Utility and Wabash.
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MidOcean Partners Leads $197.5 Million Structured Equity Investment in Sale-Leaseback Transaction with EquipmentShare
January 9, 2025MidOcean Partners (“MidOcean”), a premier alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, announced today that it led a $197.5 million structured equity investment in OWN Equipment Fund I LLC, a newly formed special-purpose vehicle.
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Runway Growth Capital and BC Partners Credit Announce $131 Million Financing Commitment to VertexOne to Accelerate Growth and Execute a Strategic Acquisition
January 9, 2025Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, today announced a $131 million financing commitment to VertexOne.
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Huntington's Commercial Banking Segment Adds new Specialty Verticals
January 9, 2025Huntington National Bank's commercial banking segment continues to expand its corporate, specialty and government banking business with the addition of two industry verticals: the Financial Institutions Group and the Aerospace & Defense Group.
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Winston & Strawn Continues Expansion in Miami with the Addition of Juan M. Delgado
January 9, 2025Winston & Strawn announced today the addition of Juan M. Delgado as a partner in the firm’s growing Miami office. He joins the Transactions Department, where he will focus his practice on advising multinational clients on cross-border transactions throughout Latin America and the United States.
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Payroll Software Provider OnPay Raises Over $100m in new Funding
January 9, 2025OnPay, a US-based invoice payments specialist, is set to expand its suite of payroll, HR and benefits solutions after securing more than $100 million in fresh funding. The funding includes $63 million in Series B equity financing, and a debt facility with MC Credit Partners, the value of which has not been disclosed.
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Horizon Technology Finance Provides $35 Million Venture Loan Facility to Onkos Surgical® to Accelerate Commercialization of Novel Antibacterial Implant Technology
January 9, 2025Horizon Technology Finance Corporation, an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $35 million venture loan facility to Onkos Surgical (“Onkos”), of which $30 million has been initially funded.
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U.S. Middle Market Continues to Show Strong Earnings and Revenue Growth
January 9, 2025Middle market private companies in the Golub Capital Altman Index grew earnings by 9% during the first two months of the fourth quarter of 2024. Revenue grew 6% during the same period.
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Ligado Networks Announces Comprehensive Restructuring Transaction
January 9, 2025Satellite communications company Ligado Networks (“Ligado”) announced today that it has entered into a comprehensive restructuring support agreement (the “Restructuring Support Agreement”) with a significant portion of its existing creditors (the “Supporting Creditors”). The Restructuring Support Agreement provides for a comprehensive balance sheet restructuring (“Restructuring”).
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Private Credit Alternatives Firm Willow Tree Closes Second CLO for $502.3M
January 9, 2025Willow Tree Credit Partners LP, a private credit alternatives firm, announced the closing of Willow Tree CLO II, which is a $502.3 million Collateralized Loan Obligation (CLO).
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MidCap Business Credit LLC Completes a $6 Million Asset-Based Credit Facility
January 9, 2025MidCap Business Credit LLC announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of air purifying respirators located in the Northeast. The ABL credit facility is supported by a working capital revolver and a machinery and equipment term loan.
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BankFinancial Expands Commercial Finance Team and Reaffirms Commitment to Exceptional Service and Competitive Lending Solutions
January 8, 2025BankFinancial, a trusted name in commercial lending with over a century of experience, proudly announces the appointment of Forrester Faia as Vice President and Regional Commercial Financial Leader for the Illinois market. This strategic addition reflects the bank’s ongoing commitment to delivering unparalleled financial solutions to middle-market businesses.
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Porter Capital Successfully Funds $2.5 Million to IT Staffing and Consulting Company
January 8, 2025Porter Capital, a trusted leader in providing innovative financial solutions to businesses, has successfully funded $2.5 million to a prominent IT Staffing and Consulting company based in Maple Grove, Minnesota. With 27 years of expertise in the industry, the company specializes in providing cutting-edge IT staffing solutions, helping businesses across various sectors bridge talent gaps with top-tier professionals.
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Corporate Finance Attorney Paula Angelini Joins Dykema in Chicago
January 8, 2025Dykema, a leading national law firm, today announced the addition of Paula Angelini as a Senior Counsel in the Corporate Finance Practice Group resident in the firm’s Chicago office. Angelini joins after more than 17 years in-house with Bank of America, serving most recently as Associate General Counsel & Senior Vice President - Team Leader for more than 12 years.
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CohnReznick Elevates 16 Professionals to Partner/Principal
January 8, 2025CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it has elected 16 professionals to its partnership, effective February 1, 2025.
The Secured Lender
SFNet's The 81st Annual Convention Issue

