- Sallyport Commercial Finance Provides $12 Million Accounts Receivable Financing Facility and Equipment Bridge Loan for a Third-Party Logistics (3PL) Company
- Secured Finance Economic Impact Study
- CIFC Broadens Private Credit Platform Through iCapital Marketplace
- Market Sizing Study
- Republic Business Credit Provides $750,000 Factoring Facility to Staffing Firm
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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Jeffery Wacker Joins Webster Bank’s Asset Based Lending Division
Webster Bank today announced that Jeffery Wacker has joined the bank’s Asset Based Lending division as Managing Director of Large Corporate Asset Based Lending (ABL) Originations. In his role, Wacker will have geographic coverage responsibility for the entire United States market, focusing on the market for syndicated, large corporate ABL senior secured credit facilities.
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Dealing with the Volatility of Commodities
Commodity producers face volatile market swings due to factors such as macroeconomics and supply chain stability, creating risks for secured lenders. Understanding each commodity’s nuances, risk-management strategies, and regulatory considerations is crucial. To navigate these challenges, secured lenders must maintain strong industry knowledge, adapt lending structures, collaborate with third parties, and balance risk and return for their clients.
TSL Express Daily Headlines & News
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Solar Developer Aspen Power Reloads $200M+ in Financing from Private Capital, Lenders
February 25, 2025The new funding will support Aspen Power in expanding across the U.S. One of the financing deals is a $142 million construction-to-term credit facility with MUFG to fund this year’s project pipeline, while Aspen Power also secured a $50 million revolving credit facility with BMO which replaces an earlier arrangement with Lombard Odier Asset Management.
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Runway Growth Capital Names Greg Greifeld Chief Investment Officer
February 25, 2025Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture backed companies seeking an alternative to raising equity, today announced that Greg Greifeld has been promoted to Chief Investment Officer. In his new role, Mr. Greifeld will oversee Runway's investment strategy, deal structuring, and portfolio management as the firm continues its mission of providing flexible financing solutions to high-growth companies.
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Fortress Expands Non-Sponsor Private Lending Team with Key Appointments
February 25, 2025Fortress Investment Group (“Fortress”) today announced the expansion of its non-sponsor private lending team with the appointment of Eric Hartman and Bill Tefft as Directors in Private Credit Origination.
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Corpay® Upsizes Credit Facility by $750 million
February 25, 2025Corpay, Inc. (NYSE: CPAY), a global S&P 500 corporate payments company today announced that it successfully closed on an amendment to its Term Loan B credit facility that resulted in an increase of $750 million. The transaction is leverage neutral, and the interest rate and maturity remain consistent with the existing credit facility. Initially, the Company will use the proceeds to pay down its revolver balance, resulting in approximately $1.5 billion of undrawn capacity on the revolver.
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First Citizens Bank Provides Financing to Proof of the Pudding
February 25, 2025First Citizens Bank announced today that its Sponsor Finance group provided financing to Proof of the Pudding, a Bruin Capital portfolio company.
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SLR Business Credit Provides a Combined Credit Facility of $50 Million for Southern Transport LLC and Southern Lifting and Hoisting LLC
February 25, 2025SLR Business Credit (SLRBC) is pleased to announce the funding of two new senior secured credit facilities for Southern Transport LLC and Southern Lifting and Hoisting LLC (“Southern Group” or the “Company”). Southern Group provides transportation of specialized heavy equipment through its Southern Transport Company and crane, hauling, storage, and logistics services through its Lifting and Hoisting Company.
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Monroe Capital Supports Avathon Capital’s Acquisition of Yellow Brick Road Early Childhood Center
February 25, 2025Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Yellow Brick Road Early Childhood Development Center (“Yellow Brick Road”) by Avathon Capital.
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Apollo to Acquire Bridge Investment Group
February 25, 2025Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion.
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JPMorgan Leans Into Direct Lending with Fresh $50B Commitment
February 25, 2025JPMorgan Chase & Co. is dramatically ramping up its direct-lending effort, setting aside an additional $50 billion to capture a bigger chunk of the fast-growing market. The bank is making the fresh commitment after deploying more than $10 billion from its balance sheet across over 100 private credit deals since 2021, according to Troy Rohrbaugh, co-head of JPMorgan’s commercial and investment bank, and global head of capital markets Kevin Foley.
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Gordon Brothers Launches Commercial Equipment Finance Offering
February 25, 2025Gordon Brothers, the global asset experts, has launched a Commercial Equipment Finance offering to middle-market businesses seeking efficient equipment financing options on both a direct and indirect basis.
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Gold Royalty Announces Amended and Upsized Revolving Credit Facility to Maximum $75 Million at Reduced Interest Cost and Extended Maturity and Provides an Update on Selected Portfolio Assets
February 24, 2025Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into an amendment agreement with the Bank of Montreal and the National Bank of Canada to amend and upsize its existing revolving credit facility (the "Facility"). The changes reduce Gold Royalty's borrowing costs and improve balance sheet flexibility.
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Rockland Trust Appoints John Doucette as SVP and Managing Director of Middle Market and Specialized Banking
February 24, 2025ockland Trust announced the appointment of John Doucette as Senior Vice President and Managing Director of Middle Market and Specialized Lending. In this role, Doucette will oversee the Middle Market and Specialized Lending divisions, focusing on driving portfolio growth, optimizing lending strategies, and strengthening relationships within target sectors.
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AmRock Financial Launches Advisory Services to Drive Strategic Portfolio Growth for its Network of Banks & Lenders
February 24, 2025AmRock Financial, a top financier for small and mid-sized companies through its exclusive network of 1,700 banks and lenders, announces the launch of its new Advisory Services. This initiative assists lenders in refining their market positioning and executing go-to-market strategies with precision, ensuring competitive and sustainable revenue growth within their investment portfolios.
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Access Capital Provides City Safe Partners with Credit Facility
February 24, 2025City Safe Partners, a woman and minority-owned business located in the heart of New York City, is comprised of a team of former executives of the NYPD as well as veteran security professionals.
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Republic Business Credit Provides $1.5 Million Factoring Facility to Fuel Growth for Apparel Manufacturer
February 24, 2025Republic Business Credit has provided a $1,500,000 non-recourse factoring facility to a California-based apparel manufacturer, fueling the company’s growth plans. The facility offers the manufacturer advances on its receivables, along with the security of credit protection and outsourced receivables management.
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KEV Group Receives Investment From Five Arrows to Fuel Continued Growth
February 24, 2025KEV Group, the leading North American provider of school activity fee management software solutions for K-12 schools, today announced that Five Arrows – the alternative assets arm of Rothschild & Co – has made a significant growth investment into KEV Group to further support the company’s ongoing acceleration in growth and future initiatives.
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Formetco Secures $15MM Credit Facility and Renews Gibraltar Business Capital Partnership
February 24, 2025Formetco, founded in 1968 and headquartered in Duluth, GA, is an innovative developer of digital and hardware products for the outdoor advertising industry and a market leader in designing, manufacturing, and installing LED digital billboards, legacy bulletin, and tri-face billboards.
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Hilco Commercial Industrial Launches New Equipment Finance Group, Welcomes Brian Pollack as Managing Director
February 24, 2025Hilco Commercial Industrial is proud to announce the launch of Hilco Equipment Finance (“HEF”), a newly established business unit dedicated to providing innovative equipment financing solutions. Industry veteran, Brian Pollack, has been appointed as Managing Director, Equipment Finance to lead HEF, bringing more than 25 years of expertise in asset finance, valuation, and structured lending.
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Richard Kohn and William Starshak Present at the United Nations Committee on International Trade Law's "Colloquium on Navigating the New Era of Digital Finance"
February 24, 2025Goldberg Kohn Commercial Finance Principals Richard Kohn and William Starshak recently spoke at the United Nations Committee on International Trade Law's "Colloquium on Navigating the New Era of Digital Finance" held February 20-21, 2025 at the UN Headquarters in New York.
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Assembled Brands Capital Expands Credit Offerings, Enhances Platform to Support the Entire CPG Ecosystem
February 24, 2025Assembled Brands Capital, a leading asset-based lender specializing in growth capital for the consumer products industry, announces the expansion of its credit offerings and the launch of a newly enhanced platform designed to better serve businesses across the entire CPG ecosystem.
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