- TradeCap Partners, LLC Announces $500,000 Purchase Order Finance Facility for Safety Products Supplier Serving the Material Handling Equipment Industry
- InterNex Capital Delivers $4MM Revolving Line to Support Expansion for AI-Powered Logistics Provider
- Latham & Watkins Advises on Lambda’s US$926 Million Senior Secured Term Loan B Facility
- eCapital UK Appoints Camilla Woodrow as Head of HR to Support Continued Growth
- Veteran Cross-Border Disputes Lawyer Bo Huang Joins Jones Day's Global Disputes Practice in Hong Kong
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Resilient Economy, Cautious Borrowers
SFNet’s Q1 2026 ABL Survey Shows Strong Utilization Growth Amid Slower Deal Activity
The first quarter of 2026 presented a paradox for the asset-based lending industry. The broader U.S. economy gained momentum, businesses continued investing, consumers kept spending, and employment growth accelerated sharply. Yet despite those encouraging signals, many lenders experienced a noticeably slower quarter for new deal activity.
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On April 30, Regions Bank announced Amy Barrentine had been elevated to serve as head of Regions Business Capital, a specialty finance business within the bank’s Corporate Banking Group. Barrentine is an experienced leader who joined Regions in June 2022 as manager of Originations, where she and her team sourced new opportunities with clients in key growth markets across the country utilizing Regions Business Capital’s products. Here, Barrentine discusses her career trajectory, her goals in her new role and what makes ABL a critical financing tool.
TSL Express Daily Headlines & News
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Derek Devoe Appointed to VP, Commercial Banking Officer at Rockland Trust
July 27, 2026Rockland Trust is pleased to announce that Derek Devoe has joined the North of Boston Commercial Banking team as a Vice President, Commercial Banking Officer. Devoe will be responsible for developing new and managing existing Commercial Real Estate (CRE) relationships, including delivering customized banking, credit, and treasury solutions that support long-term business growth across the North of Boston region.
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MidCap Financial Closes a Senior Secured Credit Facility to Good Boy Vodka
July 27, 2026MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Good Boy Vodka, LLC (“Good Boy Vodka” or the “Company”). The credit facility consists of a revolver with an accordion feature with proceeds used to provide incremental liquidity to support the ongoing working capital needs and growth of the brand.
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Encina Private Credit Rebrands as Encina Commercial Finance
July 27, 2026Encina Private Credit announced today that it has changed its name to Encina Commercial Finance (“ECF”) in order to more accurately reflect the firm's expanding capabilities as a specialty finance company. While ECF will continue to focus on its market-leading, first-out enterprise value loan product, the firm has expanded its capabilities to better serve both asset-light and asset-intensive businesses.
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Richard L. Solar, Past SFNet Chairman
July 27, 2026SFNet is saddened to inform our readers about the passing of Richard Solar, past SFNet Chairman.
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Stellify Secures $75M Wells Fargo Credit Facility
July 27, 2026Stellify Capital announced it has closed a $75 million credit facility with Wells Fargo Bank, following a $75 million facility from Sun Life Capital Management in January. In under one year, Stellify has secured $150 million in total funding from two lenders.
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PGIM to Acquire Remaining Interest in Deerpath Capital
July 27, 2026PGIM has agreed to acquire the remaining 25% interest in Deerpath Capital; bringing the firm’s ownership to 100%. This transaction follows PGIM’s initial acquisition of a 75% stake announced in May 2023 and is subject to regulatory approval.
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Target Hospitality Announces New $660 Million Credit Facility, Significantly Expanding Liquidity and Lowering Cost of Capital to Support Strategic Growth
July 27, 2026Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the closing of a new $660 million asset-based revolving credit facility (the "ABL Facility").
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Flatbay Capital Closes $1.5 Million CRE Line of Credit for Premier Heavy Hauler
July 27, 2026Flatbay Capital has closed a $1,500,000 commercial real estate line of credit for an established industrial logistics and transportation provider. The transaction provided the non-bank bridge capital needed to support a sudden ownership transition, address accumulating vendor payables and navigate a complex estate probate timeline.
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KORE Capital Helps Government Technology Firm Accelerate Growth with $5 Million Working Capital Facility
July 27, 2026KORE Capital Corporation today announced the success of its financing relationship with a growing government technology firm, demonstrating how flexible working capital can help businesses continue investing in innovation while supporting ongoing operations.
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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio
July 27, 2026Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. ("SLH") to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic "father of the super hero."
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Peapack Private Appoints Leonard Carraturo as Senior Managing Director, Commercial Private Banker
July 27, 2026Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the appointment of Leonard Carraturo as Senior Managing Director, Commercial Private Banker.
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MONTICELLOAM, LLC Originates $45MM Bridge Loan for New York Assisted Living Community
July 27, 2026MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, financed a $45,000,000 bridge loan for the refinance of a New York assisted living community.
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Marine Services Company Secures $3,000,000 Invoice Financing Facility from Prestige Capital After Previous Funder Exits the Market
July 27, 2026A Northeast-based Marine Services Company providing scout vessels, safety support vessels, and specialized marine operations for the offshore wind industry has secured a $3,000,000 invoice financing facility from Prestige Capital. The new facility replaces its previous funding source, which withdrew amid growing uncertainty surrounding federal actions and project delays in the offshore wind sector.
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SLR ABL Platform Provides $200 Million Senior Credit Facility for Modivcare
July 27, 2026The SLR ABL platform announced the closing of a $200 million senior credit facility for Modivcare TopCo, LLC (“Modivcare” or the “Company”), a technology-enabled healthcare services company providing a platform of supportive care solutions focused on improving health outcomes.
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Virtu Completes Incremental First Lien Term Loan
July 23, 2026Virtu Financial, Inc. (NYSE: VIRT) (the “Company”), a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries successfully priced and closed incremental term loans in the amount of $500 million (the “Incremental Term Loans”), increasing the total term loan balance under its senior secured credit facility to $2,030 million (the “Term Loans”).
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ADTRAN Strengthens Capital Structure with New Senior Secured Credit Facility
July 23, 2026ADTRAN Holdings, Inc. (NASDAQ: ADTN), a leading provider of networking and communications solutions, today announced that it has entered into a new senior secured credit facility led by JPMorgan Chase Bank, N.A., as Administrative Agent, that strengthens the Company’s capital structure, enhances liquidity, meaningfully lowers borrowing costs, and provides increased financial flexibility to support the execution of its long-term strategic objectives.
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Hilco Global Provides $65 Million FILO Loan to a National Specialty Retailer
July 23, 2026Hilco Global Capital Solutions ("HGCS"), a division of Hilco Global and a leading provider of flexible asset-based lending solutions, provided a $65 million first-in, last-out secured term loan ("FILO loan") to support the acquisition of a leading specialty retailer (the "Company").
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SouthStar Capital Closes $750,000 Invoice Factoring Financing Facility for Atlanta-Based Commercial Lighting Distributor
July 23, 2026SouthStar Capital is pleased to announce the closing of a $750,00 invoice factoring facility for an Atlanta-based commercial lighting distributor serving contractors, municipalities, educational institutions, and commercial customers throughout the Southeast.
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Plostock Joins CohnReznick Government and Public Sector Advisory Team
July 23, 2026CohnReznick, a leading professional services firm, today announced that Michael Plostock has joined as a Director in its Government and Public Sector Advisory team. He brings more than 15 years of leadership experience in emergency management, disaster recovery, continuity of operations, risk management, and strategic planning at the highest levels of the federal government.
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GA Group Acquires Family Law Litigation Support Practice Trampe Settles, Expanding Financial Advisory Services Platform
July 23, 2026Great American Holdings, LLC ("GA Group"), a provider of financial advisory, valuation, asset disposition, and investment banking services and majority-owned by funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the acquisition of Trampe Settles, a Dallas-based family law litigation support firm.
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