- Pathward Introduces Evolved Operating Model, Next Step in Sponsor Banking
- Western Alliance Bank Provides $35 Million Financing for Major Capital Improvements at Marina City Club
- SouthStar Delivers $500,000 Financing Facility to Support a Growing Government Contractor
- Tower Partners Advises Lendscape on International Purchase of WinFactor
- Alantes Corporate Finance Partners with Whiteley Infrastructure Group (WIG) to Arrange a $15 Million Secured, Non-Notification Accounts Receivable Revolving Line of Credit
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Factoring Sector Slightly More Optimistic as Industry Expects Better Business Conditions and Portfolio Performance
While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network (SFNet) Year-End Factoring Survey found that overall factoring sentiment improved somewhat last year, up 6.0, to 64.8 where 50 indicates a neutral outlook.
TSL Express Trending Story
Featured
Secured Finance Executives Predicting Modest Growth in 2024
Despite economic headwinds and higher costs of borrowing, secured lenders are expecting a profitable year ahead
TSL Express Daily Headlines & News
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Hidden River Announces Investment in Seedbox Solution
December 17, 2024In a strategic move to support innovation and growth in the agricultural supply chain sector, Hidden River Strategic Capital ("Hidden River") has announced its investment in Seedbox Solution ("Seedbox" or the "Company"), a full-service provider of reusable packaging and fleet management solutions to the seed industry.
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Beacon Pointe Advisors Rounds Out the Year with Robust Growth Driven by Key Acquisitions
December 17, 2024Beacon Pointe Advisors ("Beacon Pointe") introduces its latest acquisitions of Artemis Financial Advisors ("Artemis") based in Boston, MA, and WhiteRock Wealth Management ("WhiteRock") who will be joining the existing Beacon Pointe Dallas, TX team and contributing to Beacon Pointe's collective $6B in assets under management in the Dallas-Fort Worth region.
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Trinity Capital Inc. Provides $50 Million in Equipment Financing to Form Energy
December 17, 2024Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems.
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BizCap® Secures Growth Financing for Safety Network
December 17, 2024BizCap®, a commercial finance advisory firm established in 2002, announces it has structured and secured growth financing for Safety Network, a trusted provider of traffic control services and equipment dedicated to protecting California’s roadside workers and motorists since 1999.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces That Bryan Anderson has Joined the Company
December 16, 2024SLR Equipment Finance (SLR EQF) is pleased to announce Bryan Anderson has joined our company as a Senior Vice President, Vendor Sales. In his role, Bryan will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers in the central region of the U.S. Bryan began his career with Amur Equipment Finance. He most recently was with Equify Financial LLC.
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SFNet New Member Spotlight: RA Capital Funding, LLC
December 16, 2024RA Capital Funding, LLC is a nationwide direct lender, providing flexible financial solutions for small and medium-sized business. We understand the unique challenges entrepreneurs face and aim to be a long-term financial partner, offering support when it’s needed the most.
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Gordon Brothers Provides Toys"R"Us Canada Ltd. $C120M in Financing & Store Rationalization Support
December 16, 2024Gordon Brothers, the global asset experts, has provided Toys"R"Us Canada Ltd. C$120 million in financing consisting of a C$100 million first-lien revolving credit facility and a C$20 million first-in, last-out term loan to support ongoing borrowing needs.
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Eclipse Business Capital Closes $135 Million ABL Credit Facility to Waste Management Service Provider
December 16, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $135 million ABL credit facility to a service provider in the waste management industry. The credit facility is secured by accounts receivable and related business assets. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity to support ongoing working capital and letter of credit needs.
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PennantPark Floating Rate Capital Ltd. Announces Upsize of Joint Venture
December 16, 2024PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) today announced it has agreed to expand its investment in PennantPark Senior Secured Loan Fund I LLC (“PSSL” or the “JV”). This transaction further strengthens this strategic partnership, which was put into place over seven years ago, and has generated strong returns to date.
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Vertiv Announces Successful Completion of Term Loan Repricing
December 16, 2024Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the completion of the repricing of Vertiv Group Corporation’s, a subsidiary of Vertiv Holdings Co, existing seven-year $2.1 billion Term Loan.
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Talen Energy Corporation Announces Closing of Incremental Term Loan B Financing and Related Repurchase of Common Stock
December 16, 2024Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN) announced today that the Company has closed on its previously announced $850 million incremental Term Loan B credit facility (the “Financing”) and the repurchase (the “Repurchase”) of an equivalent value of shares of Talen’s outstanding Talen common stock, par value $0.001 per share (“Common Stock”) from affiliates of Rubric Capital Management LP (collectively, “Rubric”).
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Associated Bank Announces Steven Zandpour to Join Executive Leadership Team
December 16, 2024Associated Banc-Corp (NYSE: ASB) ("Associated") announced today the appointment of Steven Zandpour to its Executive Leadership Team (ELT), effective January 1, 2025. Zandpour, 48 will be executive vice president, deputy head of Consumer and Business Banking, Associated Bank, reporting directly to David Stein, executive vice president, head of Consumer and Business Banking and Madison Market president.
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Illingworth joins CohnReznick’s Digital Advisory Practice as Managing Director
December 16, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Drew Illingworth has joined the firm as Managing Director in its Digital Advisory practice where he will lead the Strategy & Operations team.
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Amerisource Business Capital Appoints Collin Mackie as Regional Market Manager for Southeast
December 16, 2024Amerisource Business Capital, a leading provider of asset-based lending and other capital products, is pleased to announce the appointment of Collin Mackie as Regional Market Manager in the Southeast. Collin has over 16 years of experience in commercial finance
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Wilson Sonsini Advises Dropbox on $2 Billion Secured Credit Facility
December 16, 2024On December 11, 2024, Dropbox announced that it entered into a Credit and Guaranty Agreement for a secured term loan facility in an aggregate principal amount of up to $2 billion, consisting of initial term loans in an aggregate principal amount of up to $1.0 billion and delayed draw term loans in an aggregate principal amount of up to $1.0 billion.
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Scale Microgrids Secures $150 Million in Tax Equity Financing from Truist Bank
December 16, 2024Scale Microgrids (“Scale”) has closed a major tax equity transaction with Truist Bank to support the construction of new distributed energy assets across the U.S. Under this partnership, Truist will provide a tax equity investment of up to $150 million.
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Ares Commercial Finance Provides a $55 Million Credit Facility to Liquid Death
December 16, 2024Ares Commercial Finance announced today that it and other Ares Management credit funds have provided a $55 million senior secured revolving line of credit to Liquid Death (formally known as Supplying Demand, Inc) (“Liquid Death” or the “Company”). The Company, based in Los Angeles, California, is a premium beverage brand that sells better-for-you non-alcoholic beverages in infinitely recyclable cans.
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BriteCap Financial Announces New CFO
December 16, 2024BriteCap Financial LLC ("BriteCap"), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, announced today the appointment of Pushkar Choudhuri as Chief Financial Officer. Pushkar has more than twenty years of experience in financial planning, corporate finance & investment banking.
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Abacus Finance Group Celebrates a Significant Milestone with the Receipt of its First SBIC License
December 16, 2024Abacus Finance Group, a leading provider of cash flow-based senior debt and a trusted name in lower middle-market private equity, is proud to announce the receipt of its Small Business Investment Company (SBIC) license and the successful first closing of its inaugural SBIC fund.
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Lendscape Appoints Gareth Evans as Chief Revenue Officer to Accelerate Growth and Innovation
December 16, 2024Lendscape, a global leader in secured finance technology, has appointed Gareth Evans as its new Chief Revenue Officer (CRO). With more than 25 years of experience driving growth across global markets, Gareth will join Lendscape's Executive team and lead efforts to scale revenue-generating initiatives, expand the company’s ecosystem, build strategic partnerships, and enhance Lendscape's market approach to deliver greater value to clients.
The Secured Lender
SFNet's The 81st Annual Convention Issue

