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TSL Express Daily Articles & News
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Today's Top Story
Featured
Sue Duckett Joins Republic Business Credit as Executive Vice President, Head of Factoring
Republic Business Credit announced that industry veteran Sue Duckett has joined the company as Executive Vice President, Head of Factoring. As a key member of the executive leadership team, Duckett will oversee the recourse factoring portfolio and drive strategic factoring acquisitions, a role that is pivotal to Republic’s accelerated growth trajectory.
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Factoring Finds Its Moment: Growth, Discipline, and Opportunity in a Slowing Economy
The factoring industry entered 2026 with a familiar dynamic, but one that feels increasingly consequential: growth driven not by economic strength, but by constraint elsewhere in the credit system. The Secured Finance Network’s 2025 Year-End Factoring Survey shows an industry that is expanding across nearly every core metric—volume, utilization, revenue, and client demand—even as the broader economy slows and traditional lending channels become more selective.
TSL Express Daily Headlines & News
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Dykema Adds Corporate Finance and Data Privacy Attorney Jake Vollebregt in San Antonio
June 15, 2026Dykema, a leading national law firm, today announced the addition of Jacobus “Jake” Vollebregt as Senior Counsel in the firm’s Corporate Finance and Data Privacy and Cybersecurity Practice Groups, resident in the firm’s San Antonio office.
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Molly Drescher Joins Barclay Damon
June 15, 2026Barclay Damon announces Molly Drescher, associate, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas, where she focuses on sophisticated commercial real estate transactions for institutional investors, developers, and lenders. Her primary office is Syracuse.
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Polsinelli Adds Christian Fabian in Chicago, Bolstering Private Equity M&A Capabilities
June 15, 2026Polsinelli is pleased to announce that Christian Fabian has joined the firm's Chicago office as a shareholder in its Private Equity Mergers & Acquisitions Practice. As the sixth shareholder to join the firm’s Mergers & Acquisitions Practices this year, Fabian's arrival reflects the firm's continued growth in Chicago and nationwide amid sustained demand for strategic transactions from private equity sponsors and middle-market companies.
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Salem Five Secures $10 Million Credit Facility for Concord Building & Design
June 15, 2026Salem Five Bank’s Business Credit Team has closed a $10 million credit facility for Concord Building & Design, an 80-year-old, employee-owned lumber and building materials company based in Littleton, Massachusetts.
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Hedaya Capital Helps Pillow and Home Décor Importer Enter New Growth Phase with $1 Million Factoring Facility
June 15, 2026The Hedaya Capital Group recently provided a $1 million factoring facility to an Ontario-based importer of decorative pillows and throw blankets, positioning the Company to accelerate growth and expand its presence across the U.S. retail market.
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Raven Capital Leads $655 Million Refinancing Deal for Elevate
June 15, 2026Raven Capital (“Raven”), an alternative investment firm specializing in asset-based, non-sponsor private credit, today announced the successful arrangement of a $655 million refinancing for Elevate, a leading provider of innovative online credit solutions for underserved consumers in the United States.
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Sallyport Commercial Finance Provides $1MM CPG AR Facility for CPG Company
June 15, 2026Sallyport Commercial Finance is pleased to announce a new $1,000,000 accounts receivable financing facility for a rapidly growing Consumer Packaged Goods (CPG) company experiencing significant expansion across national retail channels.
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MBG Surpasses $210 MM in Lending Commitments, Demonstrating the Strength of Relationship Building
June 15, 2026MBG continues to advance its success across all lending verticals with over $210MM of diverse transactions approved in the last 12 months. This achievement reflects the strength of MBG’s relationship-focused model, disciplined underwriting, and commitment to delivering tailored financing solutions that support the growth and success of our clients.
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Independent Bank Corporation Announces Regulatory Approvals to Acquire HCB Financial Corp. and Highpoint Community Bank
June 15, 2026Independent Bank Corporation (NASDAQ: IBCP), the parent company of Independent Bank, with total assets of approximately $5.5 billion, and HCB Financial Corp. (“HCB”), the parent company of Highpoint Community Bank, with total assets of approximately $590 million, previously announced the signing of a definitive merger agreement on March 18, 2026 for IBCP to acquire HCB.
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Sallyport Commercial Finance Provides $3.5MM Accounts Receivable Facility for Apparel Company
June 15, 2026Sallyport Commercial Finance is pleased to announce the successful funding of a $3,500,000 accounts receivable financing facility for a well-established apparel company focused on expanding its core denim business.
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Accord Announces Banking Facility Update and Amendments to Subordinated Debt
June 15, 2026Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today announced that it has extended its senior bank facility (the “Bank Facility”) to October 31, 2026. This extension, along with proposed five-year extensions to the Company’s outstanding debentures and $11 million principal amount of notes described below (collectively, the “Amendments”), will provide the Company with a solid framework to execute a refinancing of the Bank Facility and continue its focus on small business lending in Canada.
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Wafra Announces Acquisition of Navitas Credit Corp.
June 15, 2026Wafra Inc. ("Wafra"), the $30bn New York-based alternative asset manager, announced today that investment funds advised by Wafra have entered into a definitive agreement to acquire Navitas Credit Corp. ("Navitas"), an industry leader in equipment finance solutions, from United Community Bank, a wholly-owned subsidiary of United Community Banks, Inc. (NYSE: UCB) ("United") for approximately $1.9 billion in cash.1 Navitas will continue to be led by its current management team following the closing of the transaction.
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Belden Announces Pricing of $1.85 Billion Senior Secured Term Loan B Facility
June 12, 2026Belden Inc. (NYSE: BDC) (“Belden” or the “Company”), a leading global supplier of specialty networking solutions, announced today that it has successfully syndicated and priced a new $1.85 billion aggregate principal amount senior secured term loan B due 2033 (the "Facility").The loans under the Facility will be issued at a price equal to 99.75% of their face value (or with an original issue discount of 0.25%) and bear interest at SOFR plus 2.25%, with closing expected concurrent with and subject to the consummation of the Company's previously announced pending acquisition (the "Acquisition") of RUCKUS Networks ("RUCKUS") subject to the satisfaction of customary closing conditions.
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Prairie Operating Co. Reaffirms $475 Million Credit Facility and Advances Series F Preferred Refinancing Initiatives
June 12, 2026Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced a series of actions that further strengthen the Company’s financial position, enhance liquidity, and continue to reduce potential shareholder dilution associated with the Company’s Series F Convertible Preferred Stock.
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Sallyport Commercial Finance Provides $2MM Factoring Facility for a Louisiana-based Manufacturing Company
June 12, 2026Sallyport Commercial Finance is pleased to announce a new $2,000,000 invoice factoring facility for a manufacturing company acquired by a private equity firm as part of its strategic growth initiative across the Sunbelt region.
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SouthStar Capital Delivers Working Capital Facility to Support International Product Fulfillment
June 12, 2026SouthStar Capital is pleased to announce the closing of a combined Purchase Order (P/O) and Accounts Receivable financing facility for a medical products distributor serving customers throughout the United States.
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Oxford Commercial Finance Surpasses $275 Million in Working Capital Facilities for U.S. Businesses
June 12, 2026Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, today announced it has secured $275 million in active working capital facilities for small and mid-sized businesses across the U.S. since launching in 2022. The cumulative figure spans 126 closed transactions across 18 states with more than $120 million in initial funding.
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KKR Releases 2026 Mid-Year Global Macro Outlook
June 12, 2026KKR, a leading global investment firm, today released “The Divergence Conundrum,” the 2026 Mid-Year Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).
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Blair Duron Chooses TAB Bank for a $2 Million Asset-Based Lending Facility to Lay the Groundwork for Growth
June 12, 2026TAB Bank closed a $2 million asset-based lending facility for Blair Duron, a specialty commercial flooring contractor headquartered in Garner, North Carolina. The capital provided from this credit facility will create opportunities for Blair Duron to lay the groundwork for growth, while continuing to advance their mission of elevating their clients’ floors to the highest level by providing superior workmanship and materials.
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Cahill Welcomes Marc Shepsman as Corporate Partner: Arrival Boosts the Firm’s Market-Leading Finance Practices
June 12, 2026Cahill Gordon & Reindel LLP announced today that Marc Shepsman has rejoined the firm as a partner in its Corporate practice group. Marc’s practice focuses on advising private equity sponsors, portfolio companies, financial institutions and corporate clients on leveraged finance, acquisition financings, private credit transactions, mergers and acquisitions, and other complex corporate matters across a broad range of industries.
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