- Saks Global Secures $1.75 Billion of Committed Capital and Announces Return of Industry Veterans to Advance Transformation of Iconic Luxury Portfolio
- KORE Capital Provides $1 Million Working Capital Facility to Support Entrepreneur Rebuilding Business After Personal Hardship
- KKR Completes US$2.5 Billion Asia Private Credit Fundraise
- Online Auction Beginning January 15 Features New and Used Projectors, LED Lights and Other AV Gear with $20 Million At-Cost Value
- Equify Business Funding Funds $13 Million Senior Credit Facility for Gulf Coast Manufacturer
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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First Citizens Bank Names Eugene Weissberger to Sponsor Finance Position
First Citizens Bank today announced that Eugene Weissberger has been appointed as a managing director in the Sponsor Finance group, where he will be focused on supporting financial sponsors and family offices in the Midwest and on the West Coast.
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The Pursuit of Happiness: How Robyn Barrett created a woman-owned empire in the factoring space while staying true to who she is
Robyn Barrett is the SVP, managing director of Oxford Commercial Finance (“OCF”). OCF offers factoring and asset-based lending lines of credit to small to mid-sized to access the capital needed to grow.
TSL Express Daily Headlines & News
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Siena Lending Group Closes a $40 Million Credit Facility for Pharmachem
February 5, 2025Siena Lending Group LLC ("Siena"), is pleased to announce the closing of a $40 Million credit facility with Pharmachem Innovations, LLC (“Pharmachem” or "Company").The five-year credit facility was used to finance the acquisition of Pharmachem by Turnspire Capital Partners LLC (“Turnspire”) and to provide additional working capital for the company’s strong growth.
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MidCap Financial Closes $36.35mm Senior Secured Credit Facility to Vulcan Metals
February 5, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $36.35mm senior secured credit facility to Vulcan Metals Corporation (“Vulcan Metals” or the “Company”). Proceeds from the credit facility were used to finance TerraMar Capital’s acquisition of the Company and support ongoing working capital needs.
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First Citizens Bank and Sixth Street Announce Launch of Sixty-First Commercial Finance to Provide Flexible Capital Equipment Financing Solutions to Middle Market Companies
February 5, 2025First Citizens Bank and Sixth Street, a leading global investment firm, today announced the launch of Sixty-First Commercial Finance, a new platform managed by First Citizens Institutional Asset Management, LLC and designed to provide flexible capital equipment financing solutions to middle market companies.
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Porter Capital Supports Healthcare Equipment Supplier’s Growth with $2 Million Deal
February 5, 2025Porter Capital is pleased to announce its recent funding of $2 million to a prominent healthcare equipment supplier, based in Boulder, Colorado. This strategic funding is aimed at providing essential working capital to ensure the supplier's operations run smoothly while promoting growth within the company.
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Ares Management Announces Fourth Quarter and Full Year 2024 U.S. Direct Lending Origination Activity
February 5, 2025Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $13.8 billion in U.S. direct lending commitments across 90 transactions during the fourth quarter of 2024 and approximately $48.2 billion in direct lending commitments across 341 transactions in the 12 months ended December 31, 2024.
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Haynes Boone Expands Fund Finance and Asset Securitization Practices With Addition of 7 Attorneys in New York
February 5, 2025Haynes Boone is strategically enhancing its Fund Finance and Asset Securitization Practices with the addition of seven attorneys in the firm’s New York office. The attorneys come from Seward & Kissel LLP, including Partner Greg Cioffi, the head of their Asset Securitization and CLO Practice, and Partner Jeff Berman, who had practiced there for over 20 years.
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Monroe Capital Hires Galen Fu as Director, Business Development and Opens Australia Office
February 5, 2025Monroe Capital LLC (“Monroe”) today announced it has expanded its platform to Australia with the appointment of Galen Fu as Director, Business Development. Fu will be based in the firm’s Sydney, Australia office and will be responsible for client servicing and capital raising across Australia.
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Stellus Capital Management, LLC Provides Unitranche Financing In Support of Palm Peak Capital's Acquisition of Pacific Shoring Products, LLC
February 5, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Palm Peak Capital's ("Palm Peak") acquisition of Pacific Shoring Products, LLC ("Pacific Shoring" or "the Company"), a leading manufacturer of trench safety equipment.
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Service Compression Announces $95 Million Credit Facility Upsize Led by J.P. Morgan
February 5, 2025Service Compression, LLC ("Service Compression" or "the Company"), a leading provider of natural gas compression services for exploration and production companies, today announced the upsize of its asset-based loan (ABL) credit facility by approximately 50%, bringing the facility's total commitment to $300 million. The facility, led by J.P. Morgan, reflects the significant market demand and growth momentum the Company has experienced across its operations in 2024.
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EB5 Capital Secures $100 Million Credit Facility
February 5, 2025EB5 Capital, a leading Regional Center operator in the EB-5 industry, announced today that it has secured a $100 million credit facility with EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, DC area. This new credit facility, which doubles the firm’s previous $50 million credit line with EagleBank, will significantly enhance EB5 Capital’s ability to remove syndication risk for its sponsors and provide the necessary capital to support future growth.
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Comvest Credit Partners Serves as Joint Lead Arranger on $325 Million Senior Credit Facility for Solidcore
February 5, 2025Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Joint Lead Arranger on a $325 million senior secured credit facility for Solidcore, a Pilates workout fitness chain based in Rosslyn, Va. The financing supports the acquisition of a majority stake in Solidcore by private equity firm L Catterton.
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January Chapter 11 Commercial Filings Increase 16 Percent Over Last Year
February 5, 2025There were 539 commercial chapter 11 filings recorded in January 2025, a 16 percent increase from the 465 commercial chapter 11s in January 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
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Lendscape Announces Leadership Transition and Looks Ahead to a Promising Future
February 5, 2025Lendscape, a global leader in secured finance technology, today announces a leadership transition as Kevin Day steps down as Chief Executive Officer. Kevin, who has been instrumental in shaping Lendscape into the global leader it is today, will remain with the company as an Executive Advisor and a member of the Board of Directors.
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Former Chief Legal Officer Expands Stradley Ronon’s Structured Finance Capabilities in New York
February 5, 2025With over two decades of experience in complex commercial transactions and a focus on structured finance and securitization, Paul Cuccurullo has joined Stradley Ronon in the firm’s New York office. He arrives from Evergreen Residential Holdings LLC, a single-family residential (SFR) investment platform, where he most recently served as chief legal officer.
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BizCap® Secures $30 Million in Financing for Conexwest
February 4, 2025BizCap®, a national commercial finance and advisory firm, today announced that it has successfully structured and secured a $30 Million comprehensive financing package for Conexwest (https://www.conexwest.com), a leading provider of shipping container sales, rentals, and modifications across North America.
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Republic Business Credit Funds $4,500,000 Asset-Based Loan for Sustainable Eco-Friendly Clothing Manufacturer
February 4, 2025Republic Business Credit closed out a dynamic 2024 with a time-sensitive $4,500,000 asset-based loan to an innovative organic clothing manufacturer located in Los Angeles, California. Republic refinanced an existing loan from a private credit fund that decided to focus on larger corporate transactions through its direct lending model.
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Concord Closes $7MM Cash Flow Loan for Independent Sponsor
February 4, 2025Concord Financial Advisors, LLC announced it served as Exclusive Financial Advisor for a $7 million senior debt facility for an independent sponsor. The senior cash flow loan for Earth Science, based in Green Bay, WI, will be used to refinance existing debt and support working capital.
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NewCo Capital Group Appoints Bizcap Co-CEO Zalman Blachman as Advisor to Strengthen Global Specialty Financing Strategy
February 4, 2025NewCo Capital Group has appointed Zalman Blachman, Co-CEO and Co-Founder of Bizcap, as an advisor to support its expansion and strategic growth in specialty financing. With deep expertise in risk assessment, alternative lending, and scaling fintech-driven financial solutions, Blachman's appointment enhances NewCo's ability to meet the evolving needs of small and medium-sized businesses (SMBs) worldwide.
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Assembled Brands Provides Mezcla with Growth Line of Credit to Drive Expansion in the Plant-Based Snack Market
February 4, 2025Assembled Brands announces the successful closing of a substantial growth line of credit to Mezcla, a New York-based brand revolutionizing the protein bar market with its plant-based, protein-packed snacks. Known for its bold flavors and healthy ingredients, Mezcla has rapidly gained consumer favor and is poised for continued growth and innovation in the snack industry.
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SG Credit Partners Annouces a Senior Debt Investment in Regional Off-Price Retailer
February 4, 2025SG Credit Partners, through its Commercial Finance division, is excited to announce its partnership with a leading regional off-price apparel retailer. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth plan.
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