- Western Alliance Bank Supports OnQ With $7.5 Million Asset-Based Line of Credit
- Armory Securities, LLC Announces the Successful Closing of the Acquisition of Clutch Coffee Bar
- Law Firms Gird for Tariff Refund Fight After Supreme Court Ruling
- TSL Feature Articles
- Tiger Finance Provides $15 Million Credit Facility to Support Ashley Stewart’s Transformation and Omnichannel Growth
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Saks Mulls Bankruptcy After Raising Billions for Turnaround
Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation.
TSL Express Trending Story
Featured
ABL Market Update – Q3 2025: Resilience in the Face of Macro Bifurcation
In Q3 2025, the asset-based lending (ABL) market continued its cautious rebound amid a complex macroeconomic backdrop marked by uneven sector performance, delayed federal data reporting, and shifting Federal Reserve policy expectations. Data from LSEG LPC and the Secured Finance Network’s (SFNet) Quarterly ABL Survey reveals a stable-to-improving trend in ABL activity—driven by stronger equipment-related investment, opportunistic M&A, and growing demand from liquidity-seeking borrowers in volatile sectors.
TSL Express Daily Headlines & News
-
Richard Sumida Joins CohnReznick as National Assurance Partner
January 20, 2026CohnReznick, a leading professional services firm, today announced that Richard (Rich) Sumida has joined as a National Assurance Partner specializing in Financial Services. As a key member of the National Assurance leadership team, Sumida will collaborate with engagement teams across the firm to transform complex technical requirements into practical, results-driven solutions that help create value for clients.
-
Womble Bond Dickinson Adds 36-Person National Consumer Financial Services Team
January 20, 2026Womble Bond Dickinson announced the addition of a 36-person Consumer Financial Services team, including 19 attorneys and a dedicated licensing team that supports nationwide regulatory compliance at scale, significantly expanding the firm’s consumer financial services capabilities.
-
New Mountain Capital Closes on $1.2 Billion for New Mountain Strategic Equity Fund II
January 20, 2026New Mountain Capital, LLC (“New Mountain”), a leading growth-oriented alternative investment firm headquartered in New York, announced the $1.2 billion closing of its second non-control private equity fund, New Mountain Strategic Equity Fund II, L.P. and its related vehicles (collectively, “SEF II” or the “Fund”).
-
Grant Thornton Survey Dhows 52% of CFOs Optimistic About US Economy
January 20, 2026A new survey by Grant Thornton has found that 52% of chief financial officers (CFOs) are optimistic about the US economy, up slightly from 51% last quarter.
-
First Citizens BancShares, Inc. Announces Chief Risk Officer Transition, Names Successor
January 20, 2026First Citizens BancShares, Inc. ("BancShares") (NASDAQ: FCNCA) today announced that Lorie K. Rupp intends to retire as Executive Vice President and Chief Risk Officer, following an exemplary 13-year career at the bank and more than 30 years in the financial services industry. BancShares plans for Tom Eklund, current Treasurer and 20-year First Citizens Bank veteran, to succeed Rupp as Chief Risk Officer.
-
Chicago Atlantic Provides $16.5 Million Term Loan To Ocular Science
January 15, 2026Chicago Atlantic has closed a $16.5 million senior secured term loan for Ocular Science, an affiliate of OSRX in a transaction where Chicago Atlantic served as sole arranger and administrative agent. Ocular Science and OSRX focus on compounded ophthalmic medications used across surgical vision correction care—pre-operative, intra-operative, and post-operative—as well as ongoing management of myopia and glaucoma.
-
KORE Capital Delivers $3 Million Working Capital Facility to Empower Growing Entrepreneur Responding to Expanding Client Demand
January 15, 2026KORE Capital Corporation, a leading provider of accounts receivable– based working capital financing, announced that in Q4 2025 it extended a $3,000,000 facility to support an entrepreneur whose rapidly expanding subcontract with a major global professional services firm outpaced their available resources.
-
Block, Inc. Enters into an Amended and Restated Revolving Credit Agreement
January 15, 2026On January 14, 2026, Block, Inc. entered into an Amended and Restated Revolving Credit Agreement, among Block, the lenders that are party thereto, and Goldman Sachs Bank USA, as administrative agent. The Restated Credit Agreement amends and restates the Revolving Credit Agreement, dated as of May 1, 2020, among Block, the lenders that are party thereto, and Goldman Sachs Bank USA, as Administrative Agent, as amended.
-
Verano Announces Agreement to Upsize Revolving Credit Facility Commitment to $100,000,000 and Extend Maturity Date
January 15, 2026Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNO) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced an amendment to its existing $75,000,000 revolving credit facility agented by Chicago Atlantic Admin, LLC, initially entered into on September 30, 2025.
-
KKR Completes US$2.5 Billion Asia Private Credit Fundraise
January 15, 2026KKR, a leading global investment firm, today announced the completion of a US$2.5 billion fundraise focused on committing capital to privately originated performing credit investments in Asia Pacific. The fundraise includes US$1.8 billion in KKR Asia Credit Opportunities Fund II (“ACOF II” or the “Fund”) and US$700 million raised from separately managed accounts focused on the same types of investment opportunities.
-
H.I.G. Capital Announces Closing of Oversubscribed European Lower Middle Market Private Equity Fund
January 15, 2026H.I.G. Capital ("H.I.G." or the "Firm"), a leading global alternative asset management firm with $74 billion of capital under management, today announced the final closing of H.I.G. Europe Capital Partners IV ("Fund IV") with aggregate capital commitments of €1.6 billion.
-
Jarrad Herzog Joins Eastern Bank As Senior Vice President, Asset-Based Lending Relationship Manager
January 15, 2026Eastern Bank is pleased to welcome Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Mr. Herzog brings more than a decade of experience financing middle market companies through a variety of lending solutions, including Commercial & Industrial and Asset-Based Lending.
-
Eastern Bank Announces Owen Security Solutions As A Commercial Banking Customer
January 15, 2026Eastern Bank is pleased to announce Owen Security Solutions, Inc. (“Owen Security”) as a new commercial banking customer. Founded in 1973, Owen Security provides comprehensive security alarm, fire protection and smart video monitoring solutions for residential, commercial, industrial, government and small business customers.
-
Haynes Boone Launches Venezuela Energy and Infrastructure Taskforce
January 15, 2026In the wake of the arrest of Venezuelan President Nicolás Maduro and the potential for consequential shifts in Venezuela’s oil and gas sector, Haynes Boone has formed a Venezuela Energy and Infrastructure Taskforce, a multidisciplinary and multinational team of seasoned oil and gas, transactional, finance and dispute-resolution lawyers advising global clients on the rapidly evolving legal and commercial landscape.
-
SFNet Opens Registration for March 3 Event Featuring Blue-Ribbon Fraud Task Force Findings
January 15, 2026With a focus on the evolving relationship between different forms of asset-based and supply chain finance, Secured Finance Network (SFNet) will host an event on March 3, 2026, in New York City, convening industry professionals for an afternoon of insight, education, and high-impact networking.
-
Pathlight Capital Serves as Administrative Agent on $415,000,000 Senior Secured Credit Facility for SelectQuote, Inc.
January 14, 2026Pathlight Capital LP ("Pathlight" or "Pathlight Capital") today announced that it is serving as the Administrative Agent on a $415 million senior secured credit facility for SelectQuote, Inc. ("SelectQuote," "SLQT" or the "Company"), a distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform.
-
Kikin Financial Announces $20 Million Debt Facility to Power Growth of UK Business
January 14, 2026Kikin Financial, the UK-based fintech lending platform for SMEs, today announced it has secured initial funding through Percent's platform, with capacity to access up to $20 million as Kikin scales. The funds will be used to provide flexible credit to some of the UK’s most exciting consumer businesses.
-
Republic Business Credit Celebrates 15th Anniversary of Client-Focused Growth
January 14, 2026Republic Business Credit announced the start of its 15th anniversary year, underscoring a decade and a half of strategic leadership and growth in partnership with our clients. Founded in 2011 by entrepreneurs for entrepreneurs, the company was built on the belief that direct access to capital should be flexible, transparent, and most importantly, relationship-driven.
-
Essex Capital Group Closes $1.25 Million Bridge Facility for a Specialty Contract Manufacturer
January 14, 2026Essex Capital Group recently closed a $1.25 million bridge facility in just 3 days for a specialty contract manufacturer that had secured a substantial sales order. The company lacked the liquidity on its balance sheet to purchase the raw materials required to fulfill the order.
-
First Business Bank's Asset-Bank Lending Team Funds $7 Million Credit Facilty For Refinance In Hawaii
January 14, 2026First Business Bank's Asset-Based Lending team announces a recently closed and funded $7 million credit facility to refinance existing debt and provide working capital for an established food distributor in Hawaii.
The Secured Lender
SFNet's The Year Ahead Issue
© 2026 Secured Finance Network
