- ArentFox Schiff Welcomes Corporate Partner Julia Zhu-Morelli in Los Angeles
- Gridiron Announces Investment Professional Steve Lamb as Managing Director
- HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
- Asset-Based Lending & Factoring Surveys
- Following the US Federal Reserve Meeting, J.S. Held Releases the Lending Climate in America Survey Results
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Tiger Group Hires Two Industry Veterans
Tiger Group has expanded its offering for asset-based lenders by hiring two industry veterans with decades of combined experience in field examinations and related services. Veteran field examiners Kat Houser-Rodriguez and Steve Savage join Tiger’s Valuation Services division as senior managing directors.
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Featured
In the Spotlight: Women-Dominated Teams in Secured Finance
It’s no secret that, despite great progress in the last couple of decades, secured finance remains a male-dominated field. Here, we shine the spotlight on three unique SFNet members whose teams are made up of more women than men.
TSL Express Daily Headlines & News
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Hilco Real Estate Announces Major Expansion in Receivership Services
August 7, 2024Hilco Real Estate (HRE) is announcing the significant expansion of its Real Estate receivership practice. The arrival of Matthew Mason as Senior Vice President marks a pivotal moment in this expansion, promising exciting growth and enhanced capabilities for HRE.
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US Capital Global Expands New York Office with New Vice President, Michael Cacciaguida
August 7, 2024US Capital Global, a premier global private financial group serving the middle market, is pleased to announce the appointment of Michael Cacciaguida as Vice President at its New York City office. Mr. Cacciaguida brings over 30 years of expertise in sponsor and institutional financing solutions.
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SunPower Files for Bankruptcy Protection, Agrees to Sell Some Assets for $45 Million
August 7, 2024Solar firm SunPower (SPWR.O), opens new tab said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria (CSLR.O), opens new tab for $45 million in cash.
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CIBC Innovation Banking Provides Growth Capital to Andgo
August 7, 2024CIBC Innovation Banking announced today that it has provided growth financing to Andgo Systems Inc., a market leader in workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries. The company will use the financing to further fuel its accelerated expansion across North America.
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B. Riley Securities Serves as Lead Bookrunner to Atlanticus Holdings Corporation in $60 Million Senior Notes Offering
August 7, 2024B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank, is pleased to have served as lead bookrunner to Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus” or the “Company”) in the closing of its $60 Million principal amount of 9.25% Senior Notes due 2029 in previously announced follow-on offering.
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SLR Digital Finance Provides $10 Million Credit Facility to Inuvo, Inc. to Support Growth and Operations
August 7, 2024SLR Digital Finance LLC (“SLR Digital Finance”) is proud to announce the provision of a $10 million asset-based credit facility to Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology powered by its proprietary IntentKey® artificial intelligence (AI). This facility will support Inuvo's continued growth and operational needs.
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Texas Capital (TCBI) Unveils Capital Direct Lending Platform
August 6, 2024TCDL will offer non-bank private capital to the middle market. TCDL will be an integral part of Texas Financing's Corporate & Investment Bank, allowing Texas Capital clients and prospects to access a broader range of financing solutions.
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Jushi Holdings Inc. Refinances Existing 1st Lien Credit Facility with US$48.5 Million Term Loan – Strengthening Its Capital Structure with No Debt Maturities Until 2026
August 6, 2024Jushi Holdings Inc., a vertically integrated, multi-state cannabis operator, announced that it has completed the refinancing of its approximately US$53 million senior secured credit facility due December 31, 2024 through the issuance of a new US$48.5 million senior secured Term Loan and use of approximately US$7.4 million from cash on hand, which includes fees associated with the refinancing.
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Arcosa, Inc. Announces Launch of $700 Million Term Loan B
August 6, 2024Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our,”) today announced that it is launching a proposed senior secured Term Loan B Facility due 2031 in an aggregate principal amount of up to $700.0 million (the “Term Loan”).
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Big Shoulders Capital Refinances $2.1MM in Equipment for Crane Rental Company, Allingham Corporation
August 6, 2024By providing a flexible structure for refinancing their fleet, BSC will enable Allingham to invest in its current fleet and pursue new growth opportunities.
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CohnReznick Announces Tipalti Alliance
August 6, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that its Digital Advisory practice has formed an alliance with Tipalti, a global finance automation company helping organizations drive efficiency through the automation and scalability of payables operations.
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BHMS Investments, LP Closes Fund III With $300 Million of Committed Capital
August 6, 2024BHMS Investments, LP ("BHMS"), a private investment firm focused on the North American middle market, is pleased to announce the closing of BHMS Investments Fund III, LP ("Fund III") at its hard cap of $300 million on July 1.
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Private Funds Partner Kerry Potter McCormick Joins Perkins Coie in New York
August 6, 2024Perkins Coie is pleased to announce that private funds partner Kerry Potter McCormick has joined the firm’s Corporate and Financial Regulation practices in New York. Kerry is the latest private funds partner to join the firm in New York following the addition of Private Capital & Fund Formation Practice Chair Jacquie Duval in June.
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Buca di Beppo Voluntarily Initiates Chapter 11 Proceedings to Facilitate Sale and Ensure Continued Operations
August 6, 2024Buca di Beppo, the renowned family-style Italian dining brand, today announced that it has voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas. The goal of the restructuring effort is to ensure a seamless transition and to position the brand for future success.
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Houlihan Lokey Continues Expansion of Global FinTech Platform With Key Hire
August 6, 2024Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andrew Atherton has joined the firm’s FinTech Group as a Managing Director. Mr. Atherton is based in San Francisco and will cover multiple FinTech sectors as well as FinTech-adjacent enterprise software companies, working closely with his colleagues in both the FinTech and Technology groups to ensure seamless coverage across the firm’s client base.
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P10 Expands Credit Agreement to $500 Million
August 6, 2024P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced an amended and restated credit agreement that expands the existing total credit capacity to $500 million from new and existing lenders.
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Commercial Chapter 11 Filings Increase 40 Percent over the Same Period Last Year
August 6, 2024Commercial chapter 11 filings increased 40 percent in July 2024 to 510 from the 364 filings in July 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial filings also increased 17 percent in July 2024 to 2,335 from 2,004 in July 2023.
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Great Rock Capital Provides a $50 Million DIP Facility to Basic Fun!
August 5, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided $50 million in debtor-in-possession (“DIP”) financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels.
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Holland & Knight Continues Growth of Financial Services Practice with Addition of Partner Nneoma Maduike in New York
August 5, 2024Holland & Knight has strengthened its Financial Services Team with the addition of Nneoma Maduike as a partner in New York. Ms. Maduike was previously a partner with Otterbourg P.C., where she was co-head of the Lender Finance practice.
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Trinity Capital Inc. Expands its Credit Facility with KeyBank
August 5, 2024- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital," "Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it has amended its credit facility led by KeyBank N.A. ("KeyBank"). The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the Company may increase the size of the credit facility to an aggregate principal amount of $690 million.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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