- SLR Business Credit Provides $10 Million Senior Secured Asset-Based Credit Facility to a European Foods Importer
- Monroe Capital Supports Altamont Capital Partners’ Investment in Key Container
- Associated Banc-Corp Completes Acquisition of American National Corporation, Accelerating Growth Momentum in Attractive Markets
- Rosenthal Capital Group Closes Five ABL Transactions Across Multiple Industries Totaling $18 Million
- Willis Lease Finance Corporation Amends Revolving Credit Facility
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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Encina Lender Finance Bolsters Senior Management Team With Three Promotions and Two Key New Hires
Atlanta, GA and San Francisco, CA – October 10, 2024 – Encina Lender Finance, LLC (“ELF”) announced today several senior executive promotions and key new hires to support the company’s next stage of growth.
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Navigating Economic Uncertainty: Key Insights from the SFNet Market Pulse Report
As we delve into the second quarter of 2024, the financial landscape is marked by both challenges and opportunities. The latest SFNet Market Pulse Report provides a comprehensive analysis of various economic indicators, trends, and projections that are crucial for stakeholders in the secured finance (notably asset-based lending and factoring) industries. This article synthesizes the key findings and insights from the report, offering a detailed overview of the current economic outlook, credit markets, consumer finances, sector activity, and global economic trends.
TSL Express Daily Headlines & News
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Cineverse Expands Existing Line of Credit Facility with East West Bank to $15 Million with a Three-Year Term
April 9, 2025Cineverse Corp. (Nasdaq: CNVS) ("Cineverse", "us", "our", "we", and the "Company"), a next-generation entertainment studio, today announced that it has expanded the size of its existing line of credit facility with Pasadena-based East West Bank from $7.5 million to $12.5 million, expandable to $15 million, and extended the term from one-year to three-years at an interest rate of Prime plus 1.25% (8.75% currently with a $0 current balance).
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WhiteHawk Capital Partners Announces Hiring of Joseph “Joe” Wells as Managing Director
April 9, 2025WhiteHawk Capital Partners, a private credit investment manager, is pleased to announce that Joseph “Joe” Wells has joined the firm as Managing Director. He will be based out of the firm’s Ponte Vedra, Florida office.
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Elite Business Service, LLC Closes $13 Million in Bridge Financing for Senior Housing Community
April 9, 2025Elite Business Service, LLC (“EBSC Lending”), a leader in financing real estate throughout the United States and a specialized multifamily and seniors housing bridge lending platform, today announced the closing of a $13,000,000 in bridge financing for a senior housing community in Parsippany, New Jersey.
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Lincoln Financial and Bain Capital Announce Long-Term Strategic Partnership
April 9, 2025Lincoln Financial (NYSE: LNC) today announced an $825 million strategic growth investment from Bain Capital, a leading global investment firm. Bain Capital will acquire a 9.9% stake in Lincoln Financial, creating significant alignment and long-term value creation opportunities across an array of strategic initiatives over time, with a focus on advancing Lincoln’s goal of sustained profitable growth.
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Clifford Chance Expands US Restructuring & Insolvency Practice With new Partner David M. Feldman in Global Leadership Role
April 9, 2025Feldman joins the firm from Gibson, Dunn & Crutcher, where he served as co-chair of the restructuring practice for 16 years. He brings more than 30 years of experience in restructuring and insolvency law, with experience representing large and sophisticated credit funds, private equity firms, financial institutions, and companies in complex bankruptcy cases, out-of-court restructurings, and distressed asset and debt transactions.
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Citizens Announces Realignment of its Asset-Backed Finance Group
April 9, 2025Citizens announced a realignment of its Asset-Backed Finance Group, formerly led by John Carlin. Carlin will remain with the firm, focused on the Bank’s Private Capital initiative across its Capital Markets Platform while Managing Directors Pete Rogers and Erik Priede will assume leadership roles as heads of the Corporate Credit Securitization and ABS Platforms, respectively.
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Renasant Business Credit closes a $15 Million Revolving Credit Facility
April 9, 2025Renasant Business Credit is pleased to announce the funding of a $15 million asset-based line of credit to a fuel distributor located in the Southeast, primarily serving the oil and gas industry. Renasant Business Credit worked closely with a leading private equity firm in the Southeast to assist this portfolio company.
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Steve Bishop Joins First Business Bank as President of Asset-Based Lending
April 9, 2025First Business Bank welcomes Steve Bishop as President – Asset-Based Lending to First Business Specialty Finance, LLC, a subsidiary of First Business Bank.
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Gordon Brothers Supports Middle West Partners Acquisition of David Webb including $30M in Financing
April 9, 2025Gordon Brothers, the global asset experts, has provided Middle West Partners (MWP) $30 million in financing and advisory work to support the private equity firm’s majority stake acquisition of the luxury jewelry brand David Webb.
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ORIX Corporation USA’s Growth Capital Business Invests in Tuition.io
April 9, 2025ORIX Corporation USA’s Growth Capital business today announced it has successfully closed a debt financing facility for Tuition.io, a benefits platform that empowers employers to support their workforce through comprehensive education assistance benefits.
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Mazzotta Rentals, Inc. Secures $160 Million Credit Facility to Accelerate Growth and Continue Fleet Expansion
April 9, 2025Mazzotta Rentals, Inc. (MRI), a leading provider of rental equipment solutions serving CT, MA, NY, RI, VT, NH, and ME in the construction, industrial, and infrastructure sectors, today announced it has secured an asset-based loan credit facility with M&T Bank (NYSE:MTB) as lead arranger and administrative agent.
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Gateway Trade Funding Provides $900,000 in Purchase Order and Stretch Financing to a Fashion Jewelry and Accessories Company
April 8, 2025A fashion jewelry and accessories company was growing fast and had just received a large order from a major retailer. However, their current factoring arrangement wasn’t enough. That’s when their factoring company recommended Gateway Trade Funding to provide the additional capital needed through Purchase Order and Stretch Financing.
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James Marasco Appointed to GA Group Board of Directors
April 8, 2025Great American Holdings, LLC ("GA Group"), an industry-leading provider of valuation, appraisal, asset disposition and real estate services, announced that Mr. James ("Jim") Marasco has been appointed to its Board of Directors.
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Former BlackRock Executive Mark Wiedman Tapped as PNC’s New President
April 8, 2025Former BlackRock executive Mark Wiedman will step in as the new president of PNC Financial Services Group, Inc. and its banking subsidiary, the corporation announced Monday.
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Kashiv BioSciences Secures $150 Million Debt Financing from GoldenTree Asset Management
April 8, 2025Kashiv BioSciences, LLC (“Kashiv BioSciences” or the “Company”), a fully integrated biopharmaceutical company, today announced that it has entered into a senior secured credit agreement with GoldenTree Asset Management (“GoldenTree”) as the sole lender
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Monroe Capital Supports Olympus Partners’ Acquisition of PAI Pharma
April 8, 2025Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of PAI Pharma (“PAI”) by Olympus Partners. Founded in 1968 and based in Greenville, SC, PAI is a leading US oral generic liquids manufacturer of ready-to-dose cups and oral liquids bottles.
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Edge Capital Goes Head-to-Head with Industry Giants as Finalist for Top Tech Innovation Award
April 8, 2025Edge Capital Lending, LLC (“Edge”) is proud to announce its selection as one of three finalists for the Banking Tech Awards in the Innovative Use of Existing Technology category—alongside JP Morgan Chase and United Wholesale Mortgage.
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SLR Credit Solutions Announces Promotion and New Employees
April 8, 2025SLR Credit Solutions (“SLR CS”), a leading provider of direct private credit solutions for middle market businesses, is pleased to announce the following promotion and new hires to its team. These individuals will be key contributors to the organization allowing our business to deliver innovative secured debt financings across a wide range of industries including consumer/retail, business services, specialty finance, and industrials.
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Sprout Social Extends Credit Agreement to 2030
April 7, 2025Sprout Social, Inc. (SPT), a prepackaged software services company with a market capitalization of $1.15 billion and impressive revenue growth of 22% over the last twelve months, has amended its credit agreement, extending the maturity date and revising the interest rate determination method, according to a recent SEC filing.
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Neogen® Announces Refinancing of Term Loan and Revolving Credit Facility
April 7, 2025Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced today the successful refinancing of the remaining $550 million principal of its original $650 million term loan, as well as its revolving credit facility, due in August 2027.
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