- Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
- Polestar Secures New Term Loan Facility of Up To USD 600 Million
- Gridiron Announces Investment Professional Steve Lamb as Managing Director
- Pivot Energy Secures Over $225 Million from Three Existing Lenders to Advance Community Solar Projects
- Jones Day Names 33 new Partners
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Danimer Scientific Announces Improved Liquidity Position with Closing of $130 Million Senior Secured Term Loan
Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced it had closed a new senior secured term loan (“Term Loan”) with an aggregate principal amount of $130 million that expands its capital structure, significantly improves its near-term liquidity position, and enables it to maintain strategic and operational flexibility as it executes its growth strategy.
TSL Express Trending Story
Featured
Confidence in Asset-Based Lending Holds Steady
Confidence in the asset-based lending market held steady in the third quarter as banks and other lenders kept a close eye on the bigger economic picture, according to data released by the Secured Finance Network (SFNet).
SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.
SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.
TSL Express Daily Headlines & News
-
Expansion Capital Group Announces $1 Billion Funding Milestone — Supporting the Expansion of U.S. Small Businesses
December 13, 2023Expansion Capital Group, LLC (“ECG”) is pleased to announce its billionth dollar in funding, reinforcing its mission to support the “Expansion” of America’s Small Businesses with simple and efficient capital. Since inception in 2013, ECG has provided services to over 20,000 small businesses across multiple industries nationwide.
-
SFNet Releases Q4 2023 Market Pulse
December 13, 2023Key findings include: Q3 showed continued economic growth with the GDP expanding by 5.2%, with much of the growth driven by consumer spending. With this as a backdrop, the secured finance industry continued to hold steady in total commitments with a modest 0.2% growth in Q3 relative to Q2 while portfolios remain healthy with non-accruals
-
Encina Private Credit Announces Mike Hensinger as Chief Executive Officer, John Ryan as Chairman
December 13, 2023Encina Private Credit (“EPC”) is pleased to announce Mike Hensinger has been named Chief Executive Officer, effective immediately. Hensinger has also joined the EPC Board of Directors. Mike joined EPC in June 2022 as President and Chief Commercial Officer to lead originations, syndications, and product development where he helped drive double digit growth in the business.
-
Rosenthal Closes Nearly $4 Million In Purchase Order Financing Facilities
December 13, 2023Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.75 million.
-
RST Brands Sells as Going Concern After Tiger Group Turnaround
December 13, 2023Outdoor furniture company RST Brands has sold as a going-concern to Surya, the global household furnishings brand, in the latest turnaround by Tiger Group’s Advisory Services division.
-
CIBC Innovation Banking Provides Growth Financing to CourseKey
December 13, 2023CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to CourseKey, a leading student success and retention platform for trade and vocational education programs.
-
FTI Consulting Strengthens Energy & Industrials Business Transformation Practice with Addition of Two Senior Managing Directors
December 13, 2023FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its Energy & Industrials Business Transformation practice with the appointments of Satish Damodaran and Alejandro Vanags as Senior Managing Directors within the firm’s Corporate Finance & Restructuring segment.
-
Guggenheim Securities Hires Brent Surber to Strengthen its Capital Markets Capabilities
December 13, 2023Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Brent Surber has joined the firm as a Senior Managing Director to strengthen its capital markets capabilities within its investment banking division. Mr. Surber is based in the firm’s New York office.
-
Hilco Global, a World Leading Diversified Financial Services Holding Company, Appoints Neil Aaronson and Henry Foster as Co-Presidents
December 13, 2023Hilco Global, the diversified financial services, investment, and asset management company, today announced the appointment of two Hilco operating company leaders to the role of Co-President at the holding company.
-
Cornerstone Business Credit Announces a new Credit Relationship With Specialty Beverage Company
December 13, 2023The $100,000 relationship is expandable and consists of a working capital line of credit and a vendor support letter with a key co-packer partner.
-
Advanced Electronic Systems, LLC Secures $5 Million in Financing
December 12, 2023Rockland Trust’s Security Finance Group announced that it has provided a $5 million growth capital facility to Advanced Electronic Systems, LLC (“AES”). This financing will enable AES to continue to provide top of the line security products and services through ongoing growth strategies.
-
Legacy Corporate Lending Expands Team with Addition of Donna Dawson as Senior Director of Operations
December 12, 2023Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the addition of a new team member, Donna Dawson as the firm’s Senior Director of Operations.
-
InterNex Capital Announces $7 Million Facility to Transportation Company
December 12, 2023InterNex Capital provided a $7 million revolving line of credit to a freight brokerage founded by industry veterans as a spin-off from an established trucking and logistics company.
-
Briar Capital Expands its Business Development Effort and Hires Larry Ellis
December 12, 2023Briar Capital Real Estate Fund LLC is pleased to announce the hiring of Larry Ellis as Senior Vice President, Business Development. Based in Houston, TX, Ellis will be responsible for sourcing new business in Texas and the Southwest United States.
-
J D Factors Provides $7.9 Million in New Factoring Facilities to 35 New Clients
December 12, 2023J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $1,500,000 factoring facility for a transportation company in Quebec. A $600,000 factoring facility for an apparel company in North Carolina.
-
Eden Capital Welcomes Misty Frost as Operating Partner
December 12, 2023Eden Capital, a New York–based private equity firm focused on technology, business services, and education, is pleased to announce that Misty Frost has joined as its newest Operating Partner. Frost is an accomplished CEO and former global marketing executive.
-
First Business Bank’s Asset-Based Lending Team Funds $10 Million Credit Facility For Acquisition
December 12, 2023Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10,000,000 revolving line of credit and equipment term loan for the acquisition of an automotive testing services company in Colorado.
-
SG Credit Partners Announces A Senior Debt Investment in Living Security
December 12, 2023SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Living Security. Living Security's mission is to transform human risk to drive dramatic improvement in human behaviors, organizational security culture, and infosec program effectiveness.
-
First Citizens Bank Serves as Lead Arranger on $345 Million in Financing for DataBank Data Center
December 12, 2023First Citizens Bank today announced that its Technology, Media and Telecommunications Finance business served as lead arranger of $345 million in financing on behalf of DataBank for construction of a new hyperscale data center in the Atlanta, Georgia, area.
-
Popular Announces Retirement of Chief Financial Officer, Carlos J. Vázquez, and Names Jorge J. García as Successor
December 12, 2023Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that Carlos J. Vázquez will retire effective March 31, 2024 after serving as Chief Financial Officer (“CFO”) since 2013, and in other senior leadership positions since joining Popular in 1997. He will be succeeded by Jorge J. García, currently Corporate Comptroller and Chief Accounting Officer.
The Secured Lender
SFNet's The 81st Annual Convention Issue
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
© 2025 Secured Finance Network
