- Rosenthal Capital Group Closes Two Purchase Order Financing Transactions Totaling $5 Million
- Gordon Brothers Supports Advance Auto Parts with Non-Core Surplus Property Disposition Services
- SouthStar Capital Funds $2 Million Accounts Receivable Facility to Support Growth for Established Government Contractor
- MidCap Financial Announces Key Leadership Appointments as Part of Planned Succession
- Brean Capital Extends and Upsizes Corporate Note to $30 Million for North Mill
TSL Express Daily Articles & News
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Bladex and Greenbridge Capital - Toesca and TC Latam JV- Announce Launching of Latin American Factoring Platform
Banco Latinoamericano de Comercio Exterior - Bladex (NYSE:BLX), TC Latin America Partners (TC Latam) and Toesca Asset Management (Toesca) announce the launch of Greenbridge Capital, a regional private lending platform, whose first factoring vehicle will be funded by Bladex. The joint venture will begin operations in Chile before the end of 2023 with plans to expand to other countries in the region such as Colombia, Peru and Mexico.
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Unleashing the Power of AI in the Secured Finance Industry: A Journey into Change and Evolution
Change is the great shapeshifter of existence. It is the unseen artist who paints the landscape of our lives with broad strokes of innovation and evolution. In the world of secured finance, change is manifesting through a potent and promising medium—Artificial Intelligence (AI). One particular AI innovation, OpenAI’s ChatGPT, is at the frontier of this change, offering a path filled with opportunities and potential challenges.
TSL Express Daily Headlines & News
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Crown Partners Serves as Exclusive Financial Advisor on $175 Million Senior Debt Recapitalization
October 1, 2024Crown Partners announced that it served as exclusive financial advisor to a sponsor-backed distributor of a wide range of home services products (the “Company”). In connection with this mandate, Crown arranged a new $75 million ABL revolver for the Company with Siena Lending Group, and restructured an existing $100 million term loan from the Company’s cash flow term lender.
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Sallyport Commercial Finance Provides Canadian Logistics Leader With $3M in Growth Finance
October 1, 2024Sallyport Commercial Finance is proud to announce the successful funding of $3,000,000 in accounts receivable financing to a leading Albertan logistics and freight company serving the oilfield services industry. The client required the funds to support its daily working capital needs, facilitating continued growth and operational scalability.
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Beacon Pointe Advisors Bridges New Opportunities Through Further Acquisitions
October 1, 2024Beacon Pointe Advisors ("Beacon Pointe") unveils its latest acquisitions of Bridge Advisory with offices in Pasadena, CA, and Newport Beach, CA, and Charleston Investment Advisors in Mt. Pleasant, SC. Bridge Advisory currently oversees approximately $460M and Charleston Investment Advisors manages $140M in client assets, bringing Beacon Pointe's total assets under advisement to just shy of $37B, resulting in four total RIA transactions in 2024 thus far.
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Byline Bancorp, Inc. and First Security Bancorp, Inc. Announce Definitive Merger Agreement
October 1, 2024yline Bancorp, Inc. (“Byline”) (NYSE: BY), and First Security Bancorp, Inc. (“First Security Bancorp”) today jointly announced that they have entered into a definitive merger agreement pursuant to which First Security Bancorp and its wholly owned subsidiary, First Security Trust and Savings Bank (“First Security”), will combine with Byline Bancorp, Inc. in a cash and stock transaction valued at approximately $41.0 million based upon Byline’s closing stock price as of September 27, 2024.
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Dean Dulchinos Joins ORIX USA as Head of Real Estate Credit
October 1, 2024ORIX Corporation USA (ORIX USA) announced today the appointment of Dean Dulchinos as Managing Director and Head of Real Estate Credit. Mr. Dulchinos is based in New York and reports to Jeff Abrams, Group Head of Private Credit and Real Estate and Member, Executive Committee.
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Mizuho and Golub Capital Announce Strategic Partnership
October 1, 2024Mizuho Financial Group, Inc. (together with its affiliates, “Mizuho”) and Golub Capital LLC (together with its affiliates, “Golub Capital”) today announced a strategic partnership.
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Team, Inc. Announces Amendment and Maturity Extension of Its ABL Credit Facility
October 1, 2024Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, announced today that it has executed an amendment to its existing ABL credit facility, which consists of a $130 million revolving credit facility (the “Revolver”) and a $27.4 million term loan secured by certain real estate and machinery and equipment.
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Alkegen Announces New Capital Infusion to Support Growth
October 1, 2024Alkegen, a global specialty materials platform providing high performance materials used in advanced applications and a portfolio company of Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced the closing of a refinancing transaction of its outstanding debt.
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Casella Waste Systems, Inc. Announces Closing of $1.5 Billion Amended and Restated Credit Facility
October 1, 2024Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, today announced that it has entered into a $1.5 billion amended and restated credit agreement with Bank of America, N.A. as administrative agent and lender and a syndicate of other lenders (the “Credit Facility”).
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Salute Announces Investment from New Mountain Capital to Support Data Center Growth Trajectory
October 1, 2024Salute Holdings, LLC (“Salute” or the “Company”), a leading provider of integrated asset management services for the data center industry, today announced it has received a majority investment from funds managed by New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York.
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Wayfair Announces Proposed Offering of $700 Million Senior Secured Notes
September 30, 2024Wayfair Inc. (NYSE: W) (the "Company," "we" or "Wayfair") today announced that its subsidiary, Wayfair LLC (the "Issuer"), intends to offer, subject to market and other conditions, $700 million in aggregate principal amount of senior secured notes due 2029 (the "Notes") in a private offering.
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Matthews International Announces Proposed Private Offering of Senior Notes
September 30, 2024Matthews International Corporation (NASDAQ GSM: MATW) (the “Company”) today announced a proposed private offering of senior secured second lien notes due 2027 (the “Notes”).
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SLR Investment Corp. Announces Acquisition of Factoring Business
September 30, 2024SLR Investment Corp. today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (“SLR-BC”) acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.’s Commercial Services Division (“Webster”) in an asset purchase that includes a team of professionals and a seasoned portfolio.
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Aethon United Announces Completion of Amended Credit Agreement
September 30, 2024Aethon United BR LP (“Aethon United,” “we,” “us” or “our”) on September 27, 2024 entered into an Amendment No. 18 (the “Amendment”) to that certain Credit Agreement, dated as of July 1, 2016, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and certain lenders.
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The AZEK Company Announces ABL and Term Loan Refinancing
September 30, 2024The AZEK Company Inc., the industry-leading designer and manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, announced the entry into a new credit agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders and financial institutions party thereto, the arrangement of which was led by Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. as joint bookrunners.
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First Bank Announces New Client Relationship
September 30, 2024First Bank announced its most recent new client relationship – a $12MM working capital revolving line of credit to a Distributor of seamless fabrics and accessories located in Randolph, NJ.
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Celtic Capital Corporation Provides Funding for Central Midwest Hex Key Manufacturer
September 30, 2024Due to recent covenant violations, their current bank sought to exit the relationship. Celtic Capital was referred in and approved a $3,000,000 accounts receivable line of credit, a $1,500,000 inventory line of credit and an equipment loan of $397,600 to repay the bank in full and provide ongoing working capital.
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Cascade Private Capital Fund Announces Completion of $250 Million Revolving Credit Facility
September 30, 2024Cascade Private Capital Fund ("CPEFX" or "the Fund"), an interval fund providing access to private capital, has announced the closing of a senior secured revolving credit facility with JPMorgan Chase Bank, N.A. ("JPMorgan").
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White Oak Commercial Finance Provides a $120 Million Senior Secured Credit Facility to Sauder Woodworking
September 30, 2024White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, closed a new $120 million 3-year Senior Secured Credit Facility with Sauder Woodworking, a Midwest-based manufacturer and distributor of ready-to-assemble furniture and custom manufacturing furniture solutions with operations throughout the United States and Canada, acting as Sole Arranger and Bookrunner.
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Welltory Closes $3 Million Credit Facility from Braavo Capital to Invest in Platform Expansion
September 30, 2024Welltory, the leading all-in-one personalized health and wellness app, is pleased to announce it has closed a $3 million credit line with Braavo Capital. The funding will empower Welltory to invest deeper into its strategic product and market growth to become the leader in the preventative and people-centric care categories.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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