TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Quasar Capital Welcomes Rob Hydeman as President of Business Credit
Quasar Capital is proud to announce the addition of Rob Hydeman as President of Business Credit, a strategic leadership hire that marks a new chapter in Quasar Capital’s evolution as a premier provider of customized commercial finance solutions across the U.S. and Canada.
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Exploring the Future of Supply Chain Finance: Insights from SFNet's Inaugural Conference
Tariffs, digitization, trade policy among top themes
Held on December 3, 2024 at Greenberg Traurig, LLP in New York, NY, this inaugural conference aimed to help asset-based lenders stay informed about industry developments, improve their lending practices, and identify opportunities for growth.TSL Express Daily Headlines & News
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EBSC Arranges a $31 Million Loan for a 160-Unit Luxury Independent Living Community in Elk Grove, MN
September 3, 2025EBSC has arranged a $31 million loan for a 160-unit luxury independent living community in Elk Grove, Minn. The loan was used to retire the existing construction financing.
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First Citizens Bank Provides $60 Million to Triple Oak Power
September 3, 2025First Citizens Bank and Triple Oak Power today announced that First Citizens’ Energy Finance business provided a $60 million credit facility to Triple Oak Power, a U.S.-based renewable energy developer focused on developing sustainable energy plants.
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Honigman Welcomes Corporate Attorney Tricia Collins to Grand Rapids Office
September 3, 2025Honigman LLP announced today that Tricia Collins has joined the firm as a partner in its Grand Rapids office. Collins, who joins Honigman after nearly a decade at Kirkland & Ellis, is the most recent addition to the firm’s Corporate Department and Commercial Transactions group.
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Assembled Brands Partners with Brami to Fuel Growth of Innovative Lupini-Based CPG Brand
September 3, 2025Assembled Brands, a leading asset-based lender for growing consumer packaged goods brands, announced a new growth line of credit with Brami, the pioneering CPG brand reimagining the modern Italian pantry with the clean, healthy power of lupini beans.
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Tiger Group Offers Audiovisual Gear from Southern California Rental House
September 3, 2025A Tiger Group online auction closing on September 11 features pristine audiovisual gear from Red Letter Rentals, a Southern California rental house known for its clientele of filmmakers, cinematographers and productions.
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Banc of California Provides Flexible Financing to Fuel Growth for Fast-Moving Pet Supplement Company
September 3, 2025Since 2017, this pet wellness company has helped pets live healthier, more active lives by creating all-natural supplements designed to support overall well-being. As demand continued to increase, the company’s leadership team saw the need for a bank that could support the company’s rapid expansion. With Banc of California’s Venture Banking team, they designed a flexible $17,000,000 credit facility to match the company’s evolving capital needs and business model.
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Hudson Ferry Capital III Licensed as a $200 Million SBIC Fund
September 3, 2025("HFC III"), has been licensed as a Small Business Investment Company (SBIC) by the US Small Business Administration (SBA). With just over $200 million in total capital available in the new fund, Hudson Ferry Capital will continue its proven strategy of making control-oriented investments in founder and family-owned companies within the business service, industrial, and niche manufacturing sectors.
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T-Max Lending LLC Closes $26.2M Construction Loan for 78-Unit Office Development in Anchorage, Alaska
September 3, 2025T-Max Lending LLC is pleased to announce the successful closing of a $26.2 million construction loan for an Alaska-based borrower to develop a 78-unit Class A office building in downtown Anchorage. The project will rise adjacent to the historic former site of the 4th Avenue Theatre and is scheduled to break ground in mid-November 2025.
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Monroe Capital Supports Crossplane Capital’s Acquisition of Mooring USA
September 3, 2025Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Mooring USA (“Mooring”) by private equity sponsor Crossplane Capital.
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Rosenthal Capital Group Hires Jeff Biesiada as Senior Business Development Officer For Equipment Finance Division
September 3, 2025Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced that Jeff Biesiada has joined RCG as Senior Business Development Officer for its Equipment Finance Division, effective September 2, 2025.
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Choate Expands Its Finance and Restructuring Team with Addition of Michael Comerford
September 3, 2025Michael E. Comerford has joined Choate as a Partner in the Firm's nationally recognized Finance and Restructuring practice. Comerford brings more than two decades of experience guiding clients through high-stakes bankruptcies, special situations, and out-of-court restructurings across numerous industries and jurisdictions.
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Flatbay Capital Equips Nonprofit Mental Health Center With a $5.5MM CRE Line of Credit
September 3, 2025Founded in 1975, the client, a Colorado-based nonprofit, began as a small but passionate community health center focused on counseling, emergency support, and education. Over the decades, they evolved into a leader in mental health and recovery services.
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Viva Capital Funding Upsizes Investment-Grade Corporate Note to $30.5 Million
September 3, 2025Viva Capital Funding, LLC (Viva), a leading invoice factoring specialty finance company, announced the successful upsizing of their investment-grade corporate notes to $30.5 million. Since 2018, Viva has provided over $2B in capital to growing companies across a variety of industries throughout the U.S.
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Washington Joins CohnReznick as Financial Sponsors and Financial Services Partner
September 3, 2025CohnReznick, a leading professional services firm, today announced that Somer Washington has joined as a partner in the Financial Sponsors and Financial Services practice. Based in Dallas, Washington has two decades of accounting, auditing, and alternative investment experience.
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Wingspire Capital Provides $39.5 Million to CoolSys
September 3, 2025Wingspire Capital has provided a $39.5 million senior secured credit commitment to CoolSys, a leader in mission-critical HVAC, refrigeration, and energy and carbon reduction solutions for thousands of businesses across the United States.
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Alpine Ridge Funding Closing $1.5 Million Factoring Facility for a Medical Materials Manufacturer
September 3, 2025Alpine Ridge Funding and Patrick Eakins are proud to announce the successful closing of a $1.5 million factoring facility for a leading medical materials manufacturer. The client specializes in products used in spinal fusion procedures, designed to create a superior healing environment and support bone growth.
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eCapital Provides $5M ABL Facility to Support Expansion of Emerging Canadian Health & Wellness Brand
September 3, 2025eCapital Corp. (“eCapital”), a leading tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, has arranged a $5 million asset-based lending (ABL) facility to support the expansion and working capital needs of a rapidly growing health and wellness brand in Canada.
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Stainless Steel Mixing and Pressure Tanks Go to Auction on Sept. 9 in Sale by Tiger Group and Keith Machinery Corp.
September 3, 2025More than 35 stainless-steel mixing and pressure tanks are among the highlights of a Sept. 9 online auction by Tiger Group and Keith Machinery Corp. The timed, online auction closes on Tuesday, September 9, at 10:30 a.m. (ET). Bidding opens on Tuesday, September 2, at 10:30 a.m. (ET) at SoldTiger.com.
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MidCap Business Credit LLC Closes $25 Million Asset-Based Credit Facility for Recycled Plastic Resins Manufacturer
September 3, 2025MidCap Business Credit LLC (“MBC”) is pleased to announce the closing of a $25 million asset-based credit facility for a sponsor-backed manufacturer of recycled plastic resins based in the Midwest. The credit facility is comprised of a working capital revolver and a machinery and equipment term loan.
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BlueLinx Announces New Asset Based Lending Facility
September 2, 2025BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today announced that it has executed an agreement that provides the Company with a new five year, $350 million syndicated secured asset based revolving credit facility (the “ABL Facility”), with an option to increase the total commitments under the ABL Facility by up to $300 million subject to certain conditions, including consent from the lenders providing the incremental commitments.
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