- Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio
- J.S. Held Lending Climate Survey Finds Growing Lender Caution Amid Rising Economic and Geopolitical Risks
- PNC Bank Appoints Michael Jannusch to Lead Commercial Banking for Tennessee
- SFNet’s Advocacy Efforts Lead to Important Revisions in New California Commercial Financing Legislation
- TSL Feature Articles
TSL Express Daily Articles & News
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Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
Provident Bank, a leading community-focused financial institution, is pleased to announce the addition of six experienced lenders in the commercial banking space: Matthew Moresco, Matthew Skilton, Gerald Bresser, Michael Valenzano, Patrick Beaner, and Daniel Decker. These strategic hires come as part of the company’s efforts to strengthen its presence and commitment to businesses throughout eastern Pennsylvania.
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Evolving Strategies in Business Development for Secured Finance
In a rapidly shifting financial landscape, the Secured Finance Network's recent webinar offered a deep dive into effective business development strategies within the secured finance sector. Moderated by James Kravitz, SFNet’s business development director, the session featured prominent industry experts Lance Rosenthal, executive vice president of business development at RelPro; Jack Penzi, director of originations at Great Rock Capital; and Mitch Sterling, chief client development and relationship officer at Blank Rome.
TSL Express Daily Headlines & News
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Udemy Secures $200 Million Revolving Credit Facility
June 3, 2025Udemy (Nasdaq: UDMY), a leading AI-powered skills development platform with nearly 80 million users globally, today announced the closing of a new $200 million senior secured revolving credit facility (“the Facility”).
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DATA Communications Management Corp. Announces Amended Senior Revolving Credit Facility
June 3, 2025DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading Canadian provider of print and digital solutions that help simplify complex marketing communications and workflow, announced today that it has entered into a fourth amended and restated credit agreement (the “Bank Credit Facility”) with a Canadian chartered bank (the “Bank”), extending the maturity date of its senior secured revolving credit facility to May 31, 2028.
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MidCap Financial Closes $90.0mm Senior Secured Credit Facility to Everde Growers
June 3, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $90.0mm senior secured credit facility to Everde Growers (“Everde” or the “Company”). Proceeds from the credit facility were used to finance the acquisition and exit from bankruptcy as well as provide ongoing working capital.
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Crown Partners Arranges $32 Million Senior Financing for a Leading Beauty Products Manufacturer
June 3, 2025Crown Partners announces it has successfully arranged a $32 million senior financing for a portfolio company of a New York-based private equity firm. Crown Partners served as the exclusive financial advisor in connection with this transaction.
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Survey from Mitsubishi HC Capital America Highlights Barriers to Modernizing Supply Chains Amid Market Uncertainty
June 3, 2025Mitsubishi HC Capital America, the leading non-bank, non-captive finance provider in North America, conducted a survey of clients across the transportation and construction industries to understand the challenges of modernizing supply chains. As manufacturers look to modernize operations and plan for future growth, these survey results will be a powerful tool for developing resilient and informed strategies for industry leaders.
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Provident Bank Mid-Year Survey Shows Business Owners Balancing Tariff Concerns with Economic Optimism
June 3, 2025Provident Bank, a leading New Jersey-based financial institution, has released the results of its Mid-Year Business Outlook Survey, taking stock of business owner sentiment as they navigate a nuanced macroeconomic environment dominated by looming tariffs.
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Wintrust Receivables Finance Announces $40 Million Line of Credit for Third-Party Logistics Firm
June 3, 2025Wintrust Receivables Finance (WRF) announces a $40 million accounts receivable line of credit for a well-established Midwest-based third-party logistics firm. The company has been one of the fastest growing third-party logistics companies in the county for a number of years and recognized as such numerous times by Inc. Magazine as part of the Inc. 5000.
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Fifth Third Bank, National Association, Names Scott Daigle as North Florida President, Cary Putrino as Region Chairman
June 3, 2025Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Scott Daigle as North Florida region president. Daigle succeeds Cary Putrino, who has transitioned into a new role as region chairman in North Florida. Putrino will focus on business development, special projects and brand ambassadorship.
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SLR Credit Solutions Announces Taylor Stewart Joins as Director of Origination
June 3, 2025SLR Credit Solutions (“SLR CS”), a leading provider of direct private credit solutions for middle market businesses, is pleased to announce Taylor Stewart has joined as Director of Origination. With over 12 years of industry experience, Taylor brings deep expertise in originating, structuring, and underwriting asset-based and cash flow credit facilities for middle market companies.
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Monroe Capital Supports Shore Capital Partners’ Recapitalization of Sweetmore Bakeries
June 3, 2025Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the recapitalization and growth of Sweetmore Bakeries (“Sweetmore”) by Shore Capital Partners.
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SouthStar Capital Deploys $2 Million Facility by Carving Out A/R for Growing Medical Supplies Distributor
June 3, 2025SouthStar Capital, LLC is pleased to announce the funding of a $2 million Accounts Receivable (A/R) Facility for a Louisiana-based medical supplies distributor. Serving hospitals, clinics, and government agencies across the region, the company had been experiencing rapid growth but needed additional working capital beyond its existing $1 million line of credit with their bank.
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Coley Brown joins Portage Point Partners as Managing Director in Turnaround & Restructuring Services
June 3, 2025Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management and financial services firm focused on the middle market, is pleased to announce the addition of Coley Brown as Managing Director to the Turnaround & Restructuring Services (TRS) Practice.
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QuickFi® Wins Editor’s Choice Award at the 2025 Banking Technology Awards USA
June 3, 2025QuickFi® is honored to win the Editor’s Choice Award at the 2025 Banking Tech Awards USA for their work on the QuickFi embedded finance platform, making business equipment financing simple, fast, transparent and efficient for global OEMs and banks.
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Private Credit’s Growing Complexity Untested Through Market Cycles
June 2, 2025Private credit (PC) markets remain resilient, despite recent challenges stemming from tariff-driven market volatility, slowing economic growth and a higher policy rate trajectory than initially anticipated at the beginning of the year, says Fitch Ratings.
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Wellness Pet Company Announces Financing to Support Strategic Initiatives
June 2, 2025Wellness Pet Company ("Wellness Pet" or the "Company"), a leader in pet nutrition for over 25 years, today announced the successful completion of a refinancing transaction, supported by substantial majorities of its existing lenders (the "Transaction")
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Southern Realty Trust Expands Revolving Credit Facility to $100 Million with Addition of EverBank as Joint Lead Arranger
June 2, 2025Southern Realty Trust Inc. (“SRT” or the “Company”), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the “Credit Facility”) with the addition of EverBank, N.A. (“EverBank”). EverBank has committed $50 million to the facility, bringing total committed capital to $100 million.
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West Fraser Credit Facility and Term Loan Renewals Increase Liquidity
June 2, 2025Today, West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX andNYSE: WFG) announced it has entered into a syndicated credit agreement providing for the renewal of its $1 billion credit facility and extension of the facility's maturity from July 2028 to May 2030.
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Republic Business Credit Funds $500,000 Factoring Facility for Medical Supply Manufacturer
June 2, 2025Republic Business Credit has supplied a leading medical supply manufacturer with a $500,000 factoring facility, immediately improving the company’s cashflow and eliminating the stress of working capital constraints.
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Antares Closes $1.2B Private Credit CV Led by Ares
June 2, 2025Antares Capital has closed Antares’ first continuation vehicle with over $1.2 billion in commitments. The continuation vehicle was established to purchase assets and limited partner interests from two comingled private credit funds comprising over 100 underlying first lien, floating rate loans originated and managed by Antares.
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White Oak Commercial Finance Hires Brendan Harrison as Managing Director, Originations
June 2, 2025White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced the hiring of Brendan Harrison as Managing Director, Originations. Harrison will leverage his deep experience in asset-based lending (ABL) origination to further bolster WOCF’s leading middle market ABL platform.
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