- Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio
- Crescent Capital Group Closes Second CLO Equity Fund at $232 Million
- PNC Bank Appoints Michael Jannusch to Lead Commercial Banking for Tennessee
- SouthStar Capital Provides $1 Million Combined Purchase Order and Accounts Receivable Facility to Utah-Based Logistics Company
- Monroe Capital Supports Dealer Services Network’s Acquisition of GG&D Motor Vehicle Services
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Republic Business Credit and Meritus Capital Launch Channel Partnership
Republic Business Credit and Meritus Capital have formed a channel partnership to increase access to growth capital for temporary staffing companies nationwide. The partnership enhances Meritus Capital’s ability to support the broader financial health of staffing businesses looking to scale rapidly, pursue acquisitions, maintain profitability and leverage stronger balance sheets.
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Del Monte Foods – Is the Juice Worth the Squeeze for Non-Pro Rata DIP Roll-Ups?
A recent decision from the Bankruptcy Court for the District of New Jersey (Judge Kaplan) provides important guidance that merely negotiating and entering into roll-up DIP financing does not, without more, trigger prepetition ratable sharing provisions absent express contractual language to that effect. However, DIP lenders should exercise caution in light of Judge Kaplan’s observation that the eventual satisfaction of the obligations created by the DIP and roll-up loans. may have to be shared to some extent.
TSL Express Daily Headlines & News
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First Business Bank Provides $1 Million Factoring Facility For Staffing Company Growth
July 16, 2026First Business Bank’s Accounts Receivable Financing team recently funded a $1 million factoring facility to support the growth of a staffing company serving the financial services industry. The company, a U.S. subsidiary of a United Kingdom-based parent organization, selected First Business Bank for its responsiveness and ability to quickly deliver a competitive financing solution.
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SixCap Healthcare Finance Appoints Dan Carroll as Senior Relationship Manager
July 16, 2026SixCap Healthcare Finance is pleased to announce that Dan Carroll has joined the company as Senior Relationship Manager, reporting to Co-Founder and Chief Investment Officer, Dan Whitwer. Carroll brings more than 20 years of commercial finance, portfolio management, and healthcare asset-based lending experience to SixCap.
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Armory Securities, LLC Announces $65 Million Successful Closing for Mariani Nut Company
July 16, 2026Armory Securities, LLC is pleased to announce the successful closing of a $60 million senior secured credit facility and $5 million unsecured term loan for Mariani Nut Company. Mariani Nut Company was founded by the Mariani family in 1972 and has grown into one of the leading independent, global suppliers of private label and branded almonds, walnuts, and other nut products, operating as a full-scale nut processing and marketing business with deep roots in Northern California agriculture.
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O’Melveny Advises Spectro Cloud on US$100 Million Series D Funding Round
July 15, 2026O’Melveny advised Spectro Cloud, a leading provider of AI infrastructure management software, on its US$100 million Series D funding round. Announced on July 15, the funding round was led by Growth Equity at Goldman Sachs Alternatives, with participation from AMD Ventures, Ericsson, LG Technology Ventures, and Maximus.
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Centerra Gold Announces Extension and Increase of its Corporate Credit Facility
July 15, 2026Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announces that the Company and its syndicate of lenders have entered into an amendment to extend and increase its revolving credit facility (the “Credit Facility”) on more favourable terms.
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Anthony Petrazzuoli Joins Provident Bank as Senior Vice President, Deposit & Payments Operations Director
July 15, 2026Provident Bank, a leading New Jersey-based financial institution, announced today that Anthony Petrazzuoli has joined the bank as Senior Vice President, Deposit & Payments Operations Director. In this role, Mr. Petrazzuoli will lead Provident Bank’s Deposit and Payment Operations functions, including deposit account operations, payment processing, item processing, reconciliation, ATM operations, and debit card operations.
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Alpine Ridge Funding Closes $2 Million Working Capital Facility for a Made in the USA Fire Protection Equipment Manufacturer
July 15, 2026Alpine Ridge Funding (“Alpine”), a specialty commercial finance company providing factoring and asset-based lending solutions to lower middle-market businesses, today announced the closing of a $2 million ABL facility for a manufacturer and distributor of firefighting equipment and industrial flow-control components.
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PPL Announces Huge 2-Day Auction of Directional Drilling Equipment Assets
July 15, 2026PPL Group LLC is executing three public auctions in the directional drilling sector for both underground utility contractors and oilfield services. On July 21 and July 22, 2026, PPL Group will hold a large, two-day auction for Intrepid Directional Drilling Services in Midland, TX that will attract buyers from the US, Canada, Brazil, Australia and the Middle East.
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Mitsubishi HC Capital America and Tailift Material Handling USA Launch Financing Program for Dealers and Customers
July 15, 2026Mitsubishi HC Capital America, a leading provider of financing and asset solutions across North America, today announced a new relationship with Tailift Material Handling USA, a forklift manufacturing and distribution company and a division of Toyota Industries. Under the agreement, dealers will have access to flexible inventory financing, while customers can take advantage of tailored retail financing solutions for equipment purchases across the United States.
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BakerHostetler adds Christopher Raidy to Debt Finance Team in Los Angeles from Reed Smith
July 15, 2026Raidy, who joins from an Am Law 50 firm, advises borrowers and lenders on complex private equity, private credit and other financing transactions. He is the fourth lateral arrival on the West Coast this year, advancing the firm’s efforts to enhance its full-service platform across Los Angeles, Orange County, San Francisco and Seattle.
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Garrington Capital Provides CAD $7 Million Debtor-in-Possession Facility to Support Restructuring of Canadian Food Manufacturer
July 15, 2026Garrington Capital, a senior secured, asset-based lender serving mid-market companies across the United States and Canada, today announced it has provided a CAD $7 million debtor-in-possession (DIP) financing facility to a Canadian manufacturer of fresh, ready-made meal solutions, as the company undertakes a court-supervised restructuring under the Companies' Creditors Arrangement Act (CCAA).
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Polsinelli Adds Timothy Ayotte in Boston, Strengthening Life Sciences Corporate & Transactional Capabilities
July 15, 2026Polsinelli is pleased to announce that Timothy Ayotte has joined the firm as a shareholder in its Boston office, strengthening the firm’s corporate and transactional depth for life sciences, biotechnology and health care companies. Ayotte joins the firm’s Venture Capital & Emerging Growth Companies Practice, where he advises emerging companies, investors and life sciences businesses on financings, mergers and acquisitions and other strategic corporate matters.
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Gridiron Capital Partners with Centroid
July 15, 2026Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce an investment in Centroid (the “Company”), a premier Oracle Cloud Infrastructure (“OCI”) service provider headquartered in Troy, Michigan.
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BHI Provides $100 Million Capital Call Line to KRE Capital Management
July 15, 2026BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has provided a $100 million capital call line of credit to KRE Capital Management, a newly-launched $425 million credit platform with a lending capacity of more than $1 billion that’s focused on investing in residential real estate assets, specifically multi-family rental and for-sale condominium projects across the United States, with a geographic emphasis on the New York Tri-State area, Florida, and Texas.
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Crown Partners Arranges $130 Million Senior Financing for Global Automotive Manufacturer
July 15, 2026Crown Partners announced today that it served as exclusive financial advisor to Superior Industries International, Inc. (“Superior”) on the closing of a $130 million senior financing facility with PNC Bank, N.A. The transaction completes the Company’s recapitalization following its acquisition by Oaktree and other institutional investors.
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CrownGuard Capital Closes $15.5 Million Construction Financing for Major Multifamily Redevelopment in Rochester, New York
July 15, 2026CrownGuard Capital is proud to announce the successful closing of a $15.5 million bridge and construction loan for the redevelopment of a 95-unit multifamily community in Rochester, New York. The financing was originated and structured by Loan Officers Larkin Cody and Robert Miller, who developed a customized capital solution to support the complete transformation of a long-vacant residential asset into a modern apartment community.
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Clearside Biomedical, Inc. Completes Financial Restructuring and Emerges from Chapter 11 with Steel Partners as Plan Sponsor
July 15, 2026Clearside Biomedical, Inc. (“Clearside” or the “Company”) today announced that it has completed its financial restructuring and emerged from Chapter 11. All conditions to the effectiveness of the Company’s plan of reorganization (the “Plan”), as confirmed by the United States Bankruptcy Court for the District of Delaware, have been satisfied or waived, and the Plan became effective on the closing date.
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Kestra Medical Technologies Receives $200M Loan Facility
July 14, 2026Kestra Medical Technologies entered into a five-year term loan facility worth $200 million. The Washington-based wearable defibrillator maker entered into the loan facility with funds managed by Pharmakon Advisors, LP. The financing includes a $75 million tranche.
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Safely Store Receives $160M Credit Facility
July 14, 2026Safely Store Self Storage has received a $160 million credit facility. Financing was provided by J.P. Morgan, which consists of a $60 million term loan and a $100 million accordion feature. The deal was arranged by JLL Capital Markets.
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Siena Lending Group Closes a $105 Million Credit Facility for a Frozen Food Processor
July 14, 2026Siena Lending Group LLC (“Siena”), a leading provider of asset-based lending solutions, is pleased to announce the closing of a $105MM credit facility for a leading processor and distributor of frozen vegetables (the "Company"). Siena’s financing includes a $70MM revolving line of credit encompassing receivables, inventory and equipment, along with a $35MM real estate term loan.
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