- Targeted Lending Co., LLC Expands Senior Credit Facility with Wells Fargo Capital Finance to $125 Million
- Sidley Continues Global Finance Group Growth With Partner Ji Hye You in New York
- Asset-Based Lending & Factoring Surveys
- Pathlight Capital Serves as Administrative Agent on $415,000,000 Senior Secured Credit Facility for SelectQuote, Inc.
- First Citizens BancShares, Inc. Announces Chief Risk Officer Transition, Names Successor
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Asset-Based Lending Data Show Industry Remains Healthy, with Moderately Improving Outlook
Banks and other lenders shared a mostly positive outlook for the asset-based lending market in the first quarter, fueled by predictions of a soft landing for the U.S. economy. But they are mindful of looming regulatory changes and continue to monitor portfolios for signs of post-pandemic stress, according to data released by the Secured Finance Network (SFNet).
TSL Express Trending Story
Featured
Breaking the Glass Ceiling Together: Stories of Cross-Gender Mentorship
TSL’s editor-in-chief explores the transformative power of cross-gender mentorship, especially in a male-dominated industry where there might be a shortage of female mentors. Read on for stories of female leaders who had male mentors and how they played pivotal roles in advancing their careers, dismantling biases, and cultivating inclusive workplaces.
TSL Express Daily Headlines & News
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Cassandra Mott Elected President of Secured Finance Network Houston Chapter
January 27, 2025Blank Rome LLP is pleased to announce that Cassandra G. Mott, partner and co-chair of the firm’s Houston office, has been elected president of the Secured Finance Network (“SFNet”) Houston Chapter for a two-year term, effective January 1, 2025.
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CohnReznick’s Transaction Advisory Practice Wins Two M&A Advisor Awards
January 27, 2025CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that The M&A Advisor, a leading provider of insights and intelligence to M&A, turnaround, and finance professionals, has awarded CohnReznick its Corporate/Strategic Deal of the Year Award ($75MM - $100MM) and Cross-Border Deal of the Year Award ($100MM - $1B).
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EBSC Lending Provides $23.7 Million to Refinance a 201-Unit Senior Living Community in Union City, Georgia
January 27, 2025EBSC Lending has provided $23.7 million to refinance a 201-unit senior living community located in Union City, Georgia, a southeastern suburb of Atlanta. The financing includes a three-year, fixed-rate loan that replaces the existing construction loan.
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Gridiron Capital Kick-starts its 20th Anniversary Year with Promotions
January 27, 2025Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is excited to announce the several well-deserved promotions by strong team performers including: Ryan Gardner and Aaron Stoppelmann to Principal, Nate Krause to Financial Planning and Analysis Manager, and Rohit Basu to Senior Associate.
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BlackArch Advises The Apollo Group on its Partnership with Oaktree Capital Management
January 27, 2025BlackArch Partners (“BlackArch”) is pleased to announce that The Apollo Group (“Apollo” or the “Company”) has received a strategic investment from Oaktree Capital Management (“Oaktree”).
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SFNet New Member Spotlight: PL Trade Finance
January 27, 2025PL Trade Finance USA Inc. operates globally, backed by a highly experienced team of professionals with over 40 years of expertise in commercial finance services. Its commitment to excellence and tailored financial solutions enables the company to support businesses worldwide, driving growth and liquidity at every stage of the supply chain.
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nFusion Provides $12 Million ABL Facility Builds Framework for Growth
January 27, 2025nFusion Capital announced it has provided a $12 million ABL facility for an employee-owned construction company, founded in 1984 in Anaheim, CA, specializing in interior and exterior wall systems, metal framed panels and partitions for commercial, institutional, and industrial clients, and constructing themed facades for the entertainment and gaming industries.
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First Financial Bank Expands to Michigan
January 27, 2025First Financial Bank (Nasdaq: FFBC) is expanding into Michigan with the introduction of Grand Rapids native and highly experienced banker Chris Turner as commercial market president, and the opening of a commercial banking office in Grand Rapids.
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Newly Launched Alliance Equipment Finance Brings Decades of Experience to Equipment Financing
January 27, 2025AFG and Lightbrook announce the launch of Alliance Equipment Finance (AEF) , a new standard of efficiency and expertise to equipment financing. Specializing in transactions ranging from $5 million and $50 million, AEF offers businesses streamlined financial solutions to support critical capital investments.
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Container Store Gets Court Approval for Bankruptcy Restructuring
January 27, 2025U.S. Bankruptcy Judge Alfredo Perez at a court hearing in Houston, Texas, overruled the objections of the U.S. Justice Department's bankruptcy watchdog to the deal's legal protections for the company's officers, directors, and lenders, finding that the Container Store had obtained consent from its creditors.
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Online Auction Features Bottling Lines from Food-Production Plant
January 27, 2025Well-maintained bottle-filling lines, plant-support equipment and material-handling assets will go to auction on January 28 in a food-and-beverage industry online auction by Tiger Group and M Davis Group.
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BHI Serves As Senior Lender for $99 Million Construction Loan To Renovate 95 Madison Avenue
January 27, 2025BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, today announced it will serve as the senior lender for a $99 million construction loan to renovate the 17-story office building at 95 Madison Avenue, also known as The Emmett Building, for residential use.
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Transom Capital Adds Mads Jorge to Investment Leadership Team
January 27, 2025Transom Capital Group (“Transom”) announced today that Mads Jorge has joined the firm as a Managing Director and senior member of the Investment Team. Jorge will draw on his extensive experience of public and private markets investing, as well as the relationships he has cultivated over three decades, to source, evaluate and expand new investment opportunities for Transom.
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President Michael P. Lyons to Depart PNC
January 27, 2025The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that President Michael P. Lyons is departing PNC to assume the President & CEO-Elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024.
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MidCap Financial Closes $145mm Asset-Based Credit Facility to Newman Tractor
January 27, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $145mm senior-secured, asset-based credit facility to Newman Tractor, LLC (“Newman Tractor” or the “Company”). Proceeds from the credit facility were used to refinance capital structure, general corporate purposes and will be available for ongoing working capital needs.
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Cloud Capital Funding Successfully Funds a $1,500,000 Factoring and Purchase Order Funding Facility To A Supplier to The Defense Department
January 27, 2025Cloud Capital Funding, a trusted leader in providing Factoring, Purchase Order Funding and Supply Chain Finance solutions to businesses, has successfully funded $1,500,000 accounts receivable factoring facility to a Woman Owned Business Enterprise (WBE) Supplier to the Defense Department based in Virginia.
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Paul Hastings Further Strengthens Investment Grade Finance Practice with Premier Capital Markets Attorney
January 27, 2025In a move that strategically enhances its Investment Grade Finance practice, Paul Hastings LLP today announced that capital markets attorney Jeffrey Ramsay has joined as a partner in the firm's New York office.
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IES Holdings Announces New $300 Million Credit Facility
January 23, 2025IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced that it has amended and restated its existing Credit and Security Agreement, increasing the commitment amount of the revolving credit facility to $300 million from $150 million and extending the maturity date to January 21, 2030 while expanding the size of the lending group.
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FlexGen Boosts Growth with $75 Million Revolving Credit Facility
January 23, 2025FlexGen Power Systems, LLC ("FlexGen"), a leading provider of energy storage solutions and software technology, announced today that it has secured a revolving credit facility (RCF) with J.P. Morgan. The $75 Million revolving credit facility is designed to support FlexGen's ambitious growth plans and reinforce its ability to deliver advanced energy storage technologies to enhance the reliability of today's electric grid and accelerate the transition toward an ever-new grid.
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Siena Lending Group Closes $30 Million Canadian Credit Facility for GSC Technologies Inc.
January 23, 2025Siena Lending Group LLC ("Siena"), is pleased to announce the closing of a $30 Million Canadian credit facility with GSC Technologies Inc (“GSC”) or the (“Company”).The new, five-year credit facility was used to finance the acquisition of GSC by Speyside Equity and will provide additional working capital for the Company’s projected growth.
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SFNet's The 81st Annual Convention Issue
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