- MidOcean Partners Expands Credit Team with Key New Hires
- Siena Lending Group LLC Announces the Closing of a $52.5 Million Credit Facility for Food Distribution Company
- Gateway Trade Funding Provides $1.5 Million in Purchase Order Financing to California Food Importer
- SG Credit and Wingspire Expand Skylight Credit Facility to $75 Million
- Secured Finance Economic Impact Study
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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Advantage Business Capital Elevates Lee Elmore to President/CEO
Advantage Business Capital announces Lee Elmore’s elevation from executive vice -president and promotion to president/CEO. Elmore served five years in the Air Force while also earning an accounting degree from the University of Maryland. He entered the asset-based lending industry in 1992 as a field examiner for First Capital Corporation and was soon elevated to ABL portfolio manager.
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Tariffs and Asset-Based Lending
Asset-based lending is fundamentally focused on capital-intensive and asset-heavy businesses. Because tariffs impact the sales of goods (as opposed to the provision of services) they will typically have an outsized impact on the borrowers under asset-based credit facilities. This article will discuss recent tariff-related developments and analyze potential impact on the users and providers of asset-based financing.
TSL Express Daily Headlines & News
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Keepit Upsizes and Refinances Credit Facilities to $90 Million USD
July 6, 2026Keepit, the world's only vendor-neutral and truly immutable cloud dedicated to SaaS data protection, today announced the renewal and upsizing of its credit facilities to $90 million USD, with continued support from the Export and Investment Fund of Denmark (EIFO) and HSBC Innovation Banking.
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CenTrio Successfully Completes $485 Million Comprehensive Refinancing to Support Long-Term Growth
July 6, 2026CenTrio, a leading district energy provider, has completed a comprehensive refinancing that strengthens the company's capital structure, extends debt maturities, and enhances financial flexibility to support long-term growth. This refinancing represents a significant milestone in CenTrio's strategic expansion, positioning the company for its next phase of growth.
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Alvotech Further Strengthens Liquidity by Securing Term Loan Facility of $75 Million
July 6, 2026Alvotech (NASDAQ: ALVO; ALVO-SDB), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that it has amended its existing credit agreement with funds managed by GoldenTree Asset Management LP and other existing lenders of Alvotech to provide a term loan facility of up to $75 million in additional capital.
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Associated Bank Hires Andy Miner as senior director, AI for Corporate & Commercial Banking
July 1, 2026Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced Andy Miner has joined the organization as senior director, AI for Corporate & Commercial Banking, reporting to Phillip Trier, executive vice president, head of Corporate & Commercial Banking. This new role will be the single point of accountability for AI within the line of business, driving strategy, uses cases, delivery and adoption and being a steward of risk and data.
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Battalion Oil Announces Refinancing and Execution of Third Amended and Restated Credit Agreement
July 1, 2026Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced the closing of a refinancing of its senior secured credit facility through the execution of a Third Amended and Restated Senior Secured Credit Agreement (the “New Credit Agreement”), which reduces borrowing costs, extends debt maturity through December 2029, defers principal amortization, and provides potential access to additional discretionary capital to support the Company's ongoing operations and strategic objectives.
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Owlet Announces New $25 Million Credit Facility with Wells Fargo, Significantly Reducing Borrowing Costs and Enhancing Financial Flexibility
July 1, 2026Owlet, Inc. (“Owlet” or the “Company”) (NYSE: OWLT), the pioneer of smart infant monitoring, today announced that it has entered into a new $25 million asset-based revolving credit facility on June 26, 2026, with Wells Fargo Bank, National Association (“Wells Fargo”).
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FGI Announces Promotions Across Finance and Tech Divisions
July 1, 2026FGI Worldwide LLC (“FGI”), a leading provider of working capital financing and trade credit insurance solutions, has announced the promotion of three team members across its Finance and Tech divisions, reflecting the firm’s commitment to developing talent and continued growth.
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SouthStar Capital Closes Accounts Receivable Financing Facility for Healthcare Supply Company
July 1, 2026SouthStar Capital is pleased to announce the closing of an accounts receivable financing facility for a healthcare supply company that provides food service and sanitation products to long-term care facilities.
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Haynes Boone Strengthens New York Finance and Derivatives Platform with Addition of Former Barclays Director John Messina
July 1, 2026Haynes Boone welcomes Partner John Messina to its New York office and Finance Practice Group, where he will focus on derivatives and structured finance. His arrival further reinforces the firm’s market-leading derivatives capabilities and enhances the sophistication of its offerings in one of the firm’s key markets.
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Sherwood Partners Combines with EisnerAmper
July 1, 2026The partners and staff of Sherwood Partners, Inc., are joining global business advisor EisnerAmper in a combination expected to close in July 2026. Founded in 1992 and headquartered in Santa Clara, CA—in the heart of Silicon Valley—Sherwood Partners also has offices in Los Angeles and New York City.
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Mercuria Energy Trading SA Successfully Closes USD 3.84 billion Multi-Currency Revolving Credit Facilities
June 30, 2026Mercuria Energy Trading S.A ("Mercuria") is pleased to announce the successful closing of its USD 3.84 billion Multicurrency Revolving Credit Facilities (the "Facilities"). The Facilities comprise a new 1-year Multicurrency Revolving Credit Facility, a new 1-year Multicurrency Revolving Credit/Swingline/OBSI Facility and the extension and increase of Mercuria's 3-year Multicurrency Revolving Credit Facility.
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Digitt Secures $50 Million Facility from Victory Park Capital to Expand Credit Card Refinancing Platform in Mexico
June 30, 2026Digitt, a pioneering fintech offering credit card debt refinancing for prime borrowers in Mexico, today announced a $50 million financing facility from Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit and asset-backed finance. The facility will help support Digitt’s continued growth as it expands access to transparent, fixed-rate installment loans for consumers in Mexico.
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Brean Capital Advises Synergy One Lending on its Merger with American Pacific Mortgage
June 30, 2026Synergy One Lending, Inc. (Synergy One), recently announced that it has merged with American Pacific Mortgage (APM), bringing together two market leading mortgage lenders to expand a scaled national platform built for the next era of retail lending. Brean Capital, LLC served as financial advisor to Synergy One in connection with the transaction.
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Family Dollar Completes $75 Million Strategic Sale-Leaseback Across 19-State Portfolio
June 30, 2026JLL Capital Markets and GA Group Real Estate today announced that they secured the $75 million sale-leaseback for a 46-property Family Dollar retail portfolio across 19 states. The assets were acquired by an institutional real estate investor.
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Franklin Capital Provides $3,000,000 Factoring Facility to Support Growth of Global Consumer Brand & Logistics Company
June 30, 2026Franklin Capital is pleased to announce the completion of a $3,000,000 accounts receivable factoring facility for a Utah-based global consumer brand and logistics company specializing in chocolate imports and distribution.
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4DMT Secures Strategic Credit Facility for up to $200 Million from Hercules Capital
June 30, 20264D Molecular Therapeutics (Nasdaq: FDMT, 4DMT or the Company), a leading late-stage biotechnology company advancing durable and disease-targeted therapeutics with potential to transform treatment paradigms and provide unprecedented benefits to patients, today announced that it has entered into a strategic credit facility agreement with Hercules Capital, Inc. (NYSE: HTGC) ("Hercules") for up to $200 million.
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Regions Bank Names Jeff Sundheimer to Lead Government, Institutional and Nonprofit Banking
June 30, 2026Regions Bank on Monday announced Jeff Sundheimer has been named head of Government, Institutional and Nonprofit Banking within the bank’s Commercial Banking Group. Sundheimer’s move to Regions Bank is part of the company’s strategy for building more Commercial Banking growth in specialized industries and consistently enhancing client service.
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Monroe Capital Supports Littlejohn & Co., LLC’s Acquisition of Milrose Consultants
June 29, 2026Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Milrose Consultants (“Milrose”) by private equity sponsor Littlejohn & Co., LLC.
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Rosenthal Capital Group’s CPG+ Division Closes $29 Million Co-Lending Deal With FGI Finance For Luxury Womenswear Brand
June 29, 2026Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, and FGI Finance, a leader in the global commercial finance industry, today announced the completion of a financing transaction consisting of a $25 million asset-based facility and a $4 million term loan to support a popular, high-growth luxury womenswear brand.
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Middleby Announces that Midera Food Processing Enters into $1 Billion Credit Agreement
June 29, 2026The Middleby Corporation (NASDAQ: MIDD) today announced that in connection with the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”) has entered into a five-year, $1.0 billion credit agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and other financial institutions and lenders, consisting of a $750 million U.S. dollar revolving credit facility and a $250 million multi-currency revolving credit facility.
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