- SG Credit Partners Provides a Senior Debt Credit Facility to Family-Owned Food Distributor
- CB&S Business Capital Expands Team with Addition of Senior Lending Executive John Willis
- ING Capital, Keybanc Capital Markets, Zions Capital Markets, and GridStor Announce Close of $220 Million Debt Financing Agreement
- Wayflyer Secures $50 Million Corporate Debt Facility From Trinity Capital
- Flotek Secures $120 Million Senior Secured Term Loan to Support Continued Strategic Growth
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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eCapital Acquires LSQ to Expand Technology Solutions and Strengthen Market Leadership
eCapital Corp, a leading technology-enabled provider of financing for small and medium-sized businesses (SMBs) across North America and the U.K., today announced its acquisition of LSQ Group LLC and its subsidiaries, a recognized leader in working capital finance and payment services.
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Update: Texas Court Halts the FTC’s Rule Banning Non-Compete Clauses
With only weeks to go before the rule was set to take effect, the U.S. District Court for the Northern District of Texas, on August 20, 2024, affirmed its earlier ruling that the FTC’s rule banning non-competes is unlawful—but this time, the Court expanded its limited injunction and set aside the FTC’s rule entirely, meaning that the FTC’s rule will not go into effect on September 4 for any employer.
TSL Express Daily Headlines & News
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Alvarez & Marsal Eyes Expansion of Global Transaction Analytics Unit With New Senior Hire
June 30, 2025Leading global professional services firm Alvarez & Marsal’s (A&M) Global Transaction Advisory Group (Global TAG) is heightening efforts to expand its Global Transaction Analytics (GTA) practice, welcoming Martine In ’t Veld as a Managing Director in New York.
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Comerica Bank Appoints Established Banking, Community Leader Stephen Jeffrey to Austin Market President
June 30, 2025Comerica Bank announced today Stephen Jeffrey has been named its Senior Vice President, Austin Market President.
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Latham & Watkins Represents CareerBuilder + Monster in Entering Asset Purchase Agreements to Transition Ownership of Businesses
June 30, 2025CareerBuilder + Monster, a global talent marketplace and workforce solutions leader, has announced the initiation of a court-supervised sale process aimed at maximizing value, preserving jobs, and seamlessly transitioning ownership of their businesses.
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Penguin Solutions Strengthens Balance Sheet with Refinancing
June 30, 2025Penguin Solutions, Inc. (“Penguin Solutions” or the “Company”) (Nasdaq: PENG) today announced that it has completed a refinancing of its credit facilities via a $400 million Revolving Credit Facility, which includes a $35 million letter of credit subfacility (collectively, the “Credit Facilities”).
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Intrepid Fiber Networks Upsizes Credit Facility to $425M to Accelerate Nationwide Fiber-to-the-Home Expansion
June 30, 2025Intrepid Fiber Networks, a Brookfield Infrastructure portfolio company and leading developer of open‑access fiber‑to‑the‑home (FTTH) infrastructure, today announced that it has increased the capacity of its senior secured credit facility to $425M.
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Celtic Capital Corporation Provides $3,500,000 to a Manufacturer of U-Bolts
June 30, 2025Celtic Capital Corporation today announced its most recent new client relationship – an Eastern Midwest company that manufactures U-bolts, threaded rods and various other steel products from its parent and five subsidiaries.
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Ares Commercial Finance and Ansley Park Capital Provide Asset Based and Equipment Financing to Shimmick Corporation
June 30, 2025Ares Commercial Finance (“ACF”) announced today that it has provided a $15 million senior secured revolving line of credit to Shimmick Corporation (“Shimmick” or the “Company”), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation.
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B. Riley Securities Serves as Exclusive Financial Advisor to GAN Limited in its Acquisition by SEGA SAMMY HOLDINGS, INC.
June 30, 2025B. Riley Securities, Inc. ("BRS"), a leading middle market investment bank, is pleased to have served as exclusive financial advisor to the Special Committee and Board of Directors of GAN Limited (NASDAQ: GAN) in its successful merger with an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY").
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Wingspire Capital Provides $55 Million Revolver to a Leading Contract Healthcare Services Provider
June 30, 2025Wingspire Capital is pleased to provide a $55 million revolving credit facility to a leading contract healthcare services provider that serves thousands of sites across the country.
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Ampco-Pittsburgh Corporation Announces Closing of Amended and Restated Credit Facility
June 30, 2025Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it has entered into an amended and restated revolving credit, term loan and security agreement (the "Credit Facility") consisting of a $100 million, five-year asset-backed revolving line of credit and a $13.5 million term loan. The proceeds from the term loan were fully utilized to reduce borrowings on the revolving portion of the Credit Facility at closing.
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Amerisource Business Capital Closes $5.5 Million ABL Facility for Midwest Healthcare Staffing Firm
June 30, 2025Amerisource Business Capital is pleased to announce the closing and funding of a $5,500,000 asset-based lending (ABL) facility, leveraging accounts receivable and commercial real estate for a Midwest-based nursing and medical staffing company.
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Drmacich Joins Aequum Capital to Lead Growth Initiatives
June 30, 2025Aequum Capital Financial, a middle-market asset-based lender, is pleased to announce the addition of lending industry veteran Bill Drmacich. Based in the Southeast, Bill has joined Aequum as Head of Originations. In this role, he will be responsible for sourcing new lending opportunities and supporting the strategic growth of origination efforts beyond the greater Midwest.
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Can Do Brands LLC Finalizes Acquisition of Honey-Can-Do® Brand Assets with Support from SB360 Capital Partners LLC
June 30, 2025Can Do Brands LLC, backed by Decoro Home LLC, with strategic support from the Wholesale & Industrial division of SB360 Capital Partners LLC (“SB360”) and Hilco Receivables LLC (“Hilco”), has completed the acquisition of the intellectual property and select e-commerce assets of Honey-Can-Do International, LLC, a trusted name in the home storage and organization category.
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Moritt Hock & Hamroff Welcomes 2025 Class Of Summer Associates
June 30, 2025Moritt Hock & Hamroff is pleased to welcome Sabrina Arfeen, Claudio Diaz, Pacika Guerra, Abla Laallam, Mofiyinfoluwa Shotayo and Hannah Stubbs to its 2025 Summer Associates Program.
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SFNet Member Spotlight: BDC Capital Corporation
June 27, 2025Established in 1953, BDC Capital is a private, mission driven economic development company that provides financing and investment capital for growing companies in New England. We have been recognized locally and nationally as a leader and innovator in business lending and investment.
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Michigan-Based Ceramic Plate Company Secures $1,000,000 Facility from Prestige Capital
June 26, 2025An innovative Michigan-based manufacturer specializing in ceramic plates landed a significant order from a major big box retailer. Facing the challenge of fulfilling a large purchase order and managing international production logistics, the company sought a flexible financing solution.
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Assembled Brands Fuels Force USA's Ascent in the Global Fitness Industry
June 26, 2025Assembled Brands, a working capital provider for growth-stage consumer and e-commerce brands, announced a new credit facility with Force USA, a prominent innovator in strength training equipment. This strategic partnership provides Force USA with agile working capital, which is essential for supporting its rapid growth and meeting the increased demand for its home and commercial fitness equipment.
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First Business Bank's Asset-Based Lending Team Funds $6.75 Million Credit Facility For Pennsylvania Acquisition
June 26, 2025Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $6,752,000 revolving line of credit, equipment term loan, and real estate term loan to fund the acquisition of a Pennsylvania company blending and packaging liquids.
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Flowdesk Secures $100 Million Credit Facility from Two Prime
June 26, 2025Flowdesk, a full-service digital asset trading and technology firm, today announced a $100 million credit facility from Two Prime Lending Limited (“Two Prime”), the secured lending affiliate of Two Prime Inc. The facility will support Flowdesk’s continued global expansion and capital-efficient trading infrastructure.
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Lafayette Square Provides Financing to Support the Growth of Foodservice Management Company, Genuine Foods
June 26, 2025Lafayette Square announced today that it has provided debt financing to support the growth of Genuine Food Lab, LLC ("Genuine Foods") a Boston, MA-based foodservice management company that specializes in providing quality food for K-12 schools and higher education institutions across 16 states.
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