- Banco Plata Welcomes Oaktree, Macquarie Group, Fasanara and Banco Covalto with $300 Million in Total Commitments to Its Nomura-led up to $500 Million Facility
- Womble Expands Real Estate Practice with New Partner in Phoenix
- M&A Lawyer Daigo Takahashi Joins Jones Day’s Corporate Practice in Tokyo
- Cardo AI Launches Cash Flow Modeling Tool for Asset-Based Finance, with Live Rate Curves Powered by Bloomberg Data
- AIP Capital Announces Matt Stevens as Managing Director, Americas
TSL Express Daily Articles & News
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Legacy Corporate Lending Strengthens Portfolio and Underwriting Team with Appointment of T.C. Wilde as Executive Vice President
Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of T.C. Wilde as Executive Vice President of Portfolio and Underwriting and Head of Portfolio.
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Succession: ABL Industry Needs a Plan
The ABL industry is struggling with succession challenges. Founders are synonymous with their firms, yet many lack succession plans despite good health and changing industry dynamics. The generational shift demands innovation and client-centric approaches. Planning and communication are crucial. Unlike TV drama, ABL leaders must ensure smooth transitions to secure their legacies and firms’ futures amidst industry upheaval.
TSL Express Daily Headlines & News
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VSE Corporation Completes Refinancing of Term Loan and Revolver
May 5, 2025VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility.
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J D Factors Provides $12,560,000 Million in New Factoring Facilities to 41 New Clients
May 5, 2025J D Factors provided $12,560,000 in new factoring facilities to 41 new clients in the US and Canada during the month of April. Some of these facilities include: a $1,500,000 factoring facility for a petrochemical inspection company in Texas and a $450,000 factoring facility for a transportation company in South Carolina.
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JPalmer Collective Provides $7 MM Working Capital Line of Credit to Children’s Furnishings and Toy Company
May 5, 2025JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, today announced the closing of a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the funds to continue to innovate and expand its diverse line of parent-loved products
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MidCap Financial Closes a $40 Million Senior Secured Credit Facility to Bedrock Manufacturing Company
May 5, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC (“BMC” or the “Company”).
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Generative AI at Cornell Brings Emerging Technology To Equipment Finance
May 5, 2025In Spring 2025, members of Generative AI at Cornell partnered with QuickFi® to explore how generative AI could solve two growing operational challenges: the tedious manual verification of borrower insurance certificates, and the difficult and sometimes inconsistent background checking of vendors supplying equipment to borrowers.
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Jones Day Advises Wells Fargo on Two Credit Agreements
May 5, 2025Jones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment and restatement of a $4 billion senior unsecured revolving credit facility for Realty Income Corporation, a Maryland corporation and publicly traded real estate investment trust; AND in a $1.38 billion senior unsecured credit agreement.
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Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of Marcy Laboratories by LFM Capital
May 5, 2025Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent to support the leveraged buyout of Marcy Laboratories by LFM Capital. In addition, Abacus Finance Group made an equity co-investment in Marcy Laboratories.
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CohnReznick Brings on Assurance Partner Nocco
May 5, 2025CohnReznick today announced that Paul Nocco, CPA, has joined the firm as an assurance partner who will focus on serving clients in the Commercial Real Estate industry. Based in Denver, Nocco brings more than 25 years of experience in financial analysis and reporting, auditing, internal control policies and procedures, and strategic planning.
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High-Caliber Lenses, Digital Cameras and Other AV Assets Go to Auction May 13-15
May 5, 2025Tiger Group today announced its largest audiovisual sale so far in 2025—a three-day auction featuring more than 2,000 lots of cameras, lenses, accessories and other gear from The Camera Division.
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Eiffel Investment Group Commits Financing to reVenton to Support 1.2 GW Renewable Energy Pipeline in Germany
May 5, 2025Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andy Hull has joined as a Managing Director and Head of Midstream in the firm’s Oil & Gas Group. Based in Houston, Mr. Hull will lead and further enhance the firm’s midstream coverage.
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First Citizens Bank Wins Two Gold Stevie® Awards for Renewable Energy Financings
May 5, 2025First Citizens Bank today announced that it has won two gold Stevie® awards for business excellence in the 23rd annual American Business Awards competition.
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Eldridge Capital Management Expands Capital Formation Group with Industry Veterans, Leo van den Thillart and Robert White
May 5, 2025Eldridge Capital Management, an alternative investment firm and a division of Eldridge, has appointed Leo van den Thillart as Global Head of Capital Formation and Robert (“Bob”) White as Head of Capital Formation, Americas.
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Aypa Power Closes Upsizing of Existing Credit Facility to $1.05 Billion
May 5, 2025Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, today announced the successful upsizing of its corporate credit facility, originally closed in July 2024.
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Runway Growth Capital Promotes Avisha Khubani to Managing Director of Portfolio Analytics
May 5, 2025Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies, today announced the promotion of Avisha Khubani to Managing Director of Portfolio Analytics.
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Cadence Bank Completes Merger with FCB Financial Corp.
May 5, 2025Cadence Bank (NYSE: CADE) today announced the successful completion of its previously announced merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. The merger enhances Cadence's growing presence in Savannah and Coastal Georgia while deepening the commitment to serving customers and communities.
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Chapman Becomes Chief Executive Officer of Renasant
May 5, 2025Today, Renasant Corporation (the “Company”) announced that Kevin D. Chapman has officially assumed the role of Chief Executive Officer and President of both the Company and Renasant Bank (the “Bank”). C. Mitchell Waycaster, immediate past Renasant CEO, will continue as Executive Vice Chairman for both the Company and the Bank.
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TPG Launches Dedicated Sports Investing Business
May 5, 2025TPG, a leading global alternative asset management firm, today announced the launch of TPG Sports, a dedicated investing business focused on partnering with companies, teams, and leagues shaping the future of sports. TPG is launching the strategy in partnership with career Grand Slam golfer Rory McIlroy, his business partner Sean O'Flaherty, and their team at Symphony Ventures.
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Crescent Capital Group Appoints Jason Breaux as Head of Private Credit
May 5, 2025Crescent Capital Group LP, a leading alternative credit investment firm, announced today the appointment of Jason Breaux as Head of Private Credit. In this role, Mr. Breaux will lead the firm’s private credit business and will focus on platform-wide growth, expanding investment capabilities, and continuing to elevate the Crescent brand.
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Chicago Atlantic Closes Term Loan to a Leading Direct-to-Consumer Brand Focused on Senior Health and Personal Care
May 5, 2025Chicago Atlantic announced its role as sole arranger and administrative agent in the funding of a senior secured term loan for Because™ Market (“Because”). Founded in 2017, Because has built a strong reputation for providing high-quality products in the incontinence, personal hygiene, and wellness sectors.
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Ally Corporate Finance Targets Infrastructure Sector with New Vertical Focused on Power, Energy and Digital
May 5, 2025Ally Financial Inc. (NYSE: ALLY) today announced the launch of a new Corporate Finance division focused on energy and infrastructure finance, specifically targeting the power, energy and digital sectors
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