- The Hedaya Capital Group Powers Client Growth With $33 Million in 2026 Factoring and Inventory Financing Facilities
- Superior Group of Companies Amends and Extends $200 Million Senior Secured Credit Facilities
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- Gateway Trade Funding Provides More Than $3.4 Million in Stretch Finance Facilities Across North America in Just 10 Days
- Newpoint Advisors Corporation Surpasses $2 Billion in Recovered Debt Amid Rising Small Business Bankruptcies
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Factoring Sector Slightly More Optimistic as Industry Expects Better Business Conditions and Portfolio Performance
While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network (SFNet) Year-End Factoring Survey found that overall factoring sentiment improved somewhat last year, up 6.0, to 64.8 where 50 indicates a neutral outlook.
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Steven Samson, president, has been with MidCap for more than 10 years and is responsible for the oversight of all functions of the business. Steve has more than 30 years experience in commercial banking and asset-based lending including senior roles at People’s United Bank, GE Capital, and RBS Citizens Business Capital.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies.
Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies.
TSL Express Daily Headlines & News
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Haynes Boone Fund Finance Report Reveals New Lenders Driving Down Pricing and Fueling Innovation
February 13, 2025Haynes Boone's new Fund Finance Annual Report reveals a reversal in market dynamics, with facility pricing tightening to pre-2023 levels and a surge of new lenders reshaping the competitive landscape. The increase in market players is also driving innovation, with industry leaders reporting a wave of uniquely tailored financial products at the same time fundraising is expected to increase.
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James T. Bowen II Promoted to Senior Vice President - Credit Administration at First Bank and Trust Company
February 13, 2025First Bank and Trust Company and its parent holding company, First Bancorp, Inc., are pleased to announce the promotion of James T. Bowen II to Senior Vice President – Credit Administration. Bowen will take on this expanded role after 13 years of dedicated service to the organization, bringing his extensive expertise in credit management and banking to oversee the bank's loan portfolio and credit culture.
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Healthcare Funding Partners Announces $180 Million Senior Secured Credit Facility
February 13, 2025Healthcare Funding Partners (HFP) is pleased to announce the successful closing of a $180 million Senior Secured Credit Facility. J.P. Morgan served as Sole Bookrunner and Joint Lead Arranger, with Citi as the supporting Joint Lead Arranger
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Eco Material Technologies Inc. Announces Close of $800 Million Term Loan Facility
February 13, 2025Eco Material Technologies Inc. ("Eco Material" or the "Company"), the leading producer, marketer and distributor of supplementary cementitious materials ("SCMs") and producer of green cement products in North America is pleased to announce the successful closing of an $800.0 million term loan credit facility (the "Green Term Loan Facility") that matures in February 2032 and provides Eco Material with enhanced financial flexibility and support for its strategic initiatives.
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Applied Digital Closes $375 Million Financing with SMBC to Support Ellendale HPC Campus
February 13, 2025Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure for HPC applications, announced today that the Company, through its HPC subsidiary APLD HPC Holdings LLC (“APLDH”), closed a $375 million financing with SMBC.
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Oaktree Closes Opportunities Fund XII at $16 Billion
February 13, 2025Oaktree Capital Management, L.P. (“Oaktree”) today announced the final close of Oaktree Opportunities Fund XII (“Opps XII” or “the Fund”), with approximately $16 billion of commitments, including co-investment and affiliated vehicles.
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ATC Managers, LLC Closes $51 Million Loan for Multifamily Portfolio Acquisition and Refinance
February 12, 2025ATC Managers, LLC, a direct private lender specializing in flexible real estate financing, is pleased to announce the successful closing of a $51 million loan for the acquisition and refinance of a multifamily portfolio spanning Los Angeles, Miami, Dallas, Phoenix and Atlanta.
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Online Auction Features Late-Model Tractor Trucks and Trailers
February 12, 2025A court-approved bankruptcy sale on February 19 offers an opportunity to acquire well-maintained trucks and trailers at liquidation values. Tiger Group is conducting the live webcast auction as part of the complete liquidation of a leading North American tractor truck and trailer dealer and leasing company.
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Cambridge Savings Bank Announces $20M Revolving Line of Credit to Arctaris Impact Investors to Enhance Community Investment Strategy
February 12, 2025Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, today announced that its Asset-Based Lending (“ABL”) team has provided a $20M revolving line of credit to Arctaris Impact Investors, LLC (“Arctaris”). Based in Wellesley, Massachusetts, Arctaris will use the financing to enhance the capabilities of Arctaris Impact’s abilities to provide profitable, growth-oriented businesses in underserved regions throughout the U.S.
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President Trump Announces Nominations for Several key Financial Regulatory Positions
February 12, 2025President Donald Trump on Tuesday announced nominations for several key financial regulatory positions. He named Jonathan McKernan to lead the Consumer Financial Protection Bureau, replacing Rohit Chopra.
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Sallyport Commercial Finance Provides a $10M Funding Boost for AgTech Innovator
February 12, 2025Sallyport Commercial Finance is thrilled to announce that it has successfully provided a $10,000,000 facility to a leading hydroponic and lighting supplies company in the Agricultural industry. The funding, structured across Accounts Receivable, Inventory, and Purchase Order Finance, will empower the company with the working capital necessary to support their rapid growth and the launch of an exciting new product line
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White Oak Commercial Finance Provides $60M Revolving Credit Facility to Leading Utility Construction and Infrastructure Company
February 12, 2025White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced it has provided a $60M revolving credit facility to a leading utility construction and infrastructure company in the United States. The company and its operating entities specialize in building, upgrading, and maintaining next-generation infrastructure networks for utility and communication partners nationwide.
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Invesco's $1.4 Billion Fundraise: A Boon for Middle-Market Lending
February 12, 2025Invesco Private Credit has successfully closed its flagship Invesco Direct Lending Fund II, raising a substantial $1.4 billion in investable capital. This achievement not only strengthens Invesco's position in the $1.4 trillion private credit market but also capitalizes on favorable market dynamics, creating opportunities for private lenders like Invesco
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Provident Bank Strengthens Executive Leadership Team, Welcoming Chief Lending Officer to Advance Commercial Banking and Lending Strategy
February 12, 2025Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Bill Fink as Executive Vice President, Chief Lending Officer, leading the commercial bank and the commercial lending growth strategy.
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Universal Kraft Canada Renewables Secures USD 15 Million Credit Facility for Solar Energy Development
February 12, 2025Universal Kraft Canada Renewables, a joint venture between Korkia and Universal Kraft, announced a USD 15 million initial commitment credit facility, expandable to up to USD 50 million, with American asset-based lender Crayhill Capital Management.
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Siena Lending Group Closes $27.5 Million Asset-Based Credit Facility for Pure Safety Group
February 12, 2025Siena Lending Group LLC ("Siena"), a leading asset-based lending company, is pleased to announce the closing of a $27,500,000 asset-based credit facility for Pure Safety Group (“PSG”), a global leader in fall protection equipment and safety solutions. The credit facility will provide PSG with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.
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MidCap Business Credit LLC Provides $10 Million Asset-Based Line of Credit to Winter Clothing Distributor
February 12, 2025MidCap Business Credit LLC announced today that it has completed a $10 million asset-based line of credit to a distributor of winter clothing. The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.
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Blank Rome Adds Finance Pros James M. Cretella and Ikhwan A. Rafeek as Partners in New York
February 12, 2025Blank Rome LLP is pleased to announce that James “Jim” M. Cretella and Ikhwan A. Rafeek have joined the firm’s leading Finance, Restructuring & Bankruptcy group in New York. Jim and Ikhwan represent institutional and specialty lenders, banks, and commercial finance and factoring companies in a variety of asset-based lending (“ABL”), specialty finance, and corporate transactions.
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Light and Wonder Looks to Upsize and Extend Existing Revolver
February 11, 2025Light & Wonder, Inc. and Light and Wonder International, Inc. (collectively, Light & Wonder or LNW) (BB/Stable) are seeking to upsize their existing senior secured revolving credit facility to $1 billion from $750 million and extend the maturity to Feb. 2030 from April 2027, according to Fitch Ratings.
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Wells Fargo Expands its Commercial Banking Transformation With Q2
February 11, 2025Wells Fargo has partnered with Q2 Holdings to launch a new commercial banking platform, supporting its digital transformation efforts and enhancing bankers’ efficiency.
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