- Tiger Group Sale Features 100-Plus Trailers, Tractor Trucks and Forklifts in Southern California
- Former Indiana Utility Regulatory Commissioner Joins Barnes & Thornburg
- Encina Private Credit Provides First Out Tranche, Serves as Administrative and Collateral Agent for Soulshine Farms
- Establishment Labs® Refinances Credit Facility
- Baylin Technologies Announces Extension to its Credit Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Gordon Brothers Provides Academy Bus $72.5M Credit Facility to Support Growing Business
Gordon Brothers, the global advisory, restructuring and investment firm, has provided Academy Bus LLC a $72.5 million credit facility to support the bus company’s growing business.
The facility will support Academy Bus’ debt refinancing and continued growth to meet the increased transit, charter and commuter demand as transportation service returns to pre-pandemic levels.
TSL Express Trending Story
Featured
On November 5, Callodine Group, an asset management firm focused on yield-oriented investment strategies, announced it had entered into a definitive agreement to acquire the loan portfolio and assume the employees and operating costs of Gordon Brothers Finance Company, LLC (GBFC). In connection with the closing of the transaction, GBFC has changed its name to Callodine Commercial Finance (CCF). Led by CEO Gene Martin, and the current investment team, CCF will be the successor firm to Gordon Brothers Finance Company, LLC. Callodine’s acquisition represents approximately $400 million in assets and is being funded in part by new strategic financing from KKR, East Asset Management and Axar Capital Management. BlackRock Capital Investment Corporation (“BCIC”), the most recent majority owner of the business, will also remain a financial partner to CCF. TSL Express' senior editor spoke with Gene Martin and Mark Forti at Callodine Commercial Finance about opportunities in the asset-based lending space and what lies ahead.
TSL Express Daily Headlines & News
-
Silicon Valley Bank Increases CareCloud's Credit Facility to $25 Million
February 21, 2023CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDP, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that Silicon Valley Bank (NASDAQ: SIVB), the bank of the world’s most innovative companies and their investors, has increased its secured line of credit to $25 million to support future growth. The term of the line of credit was also extended by two years, to October 13, 2025.
-
Rainier Partners Announces Closing of Inaugural Fund at $300 Million Hard Cap
February 21, 2023Rainier Partners, a private equity firm investing in lower middle-market services businesses, announced today that it has completed fundraising for Rainier Partners Fund I at its hard cap of $300 million, in excess of its $250 million target. The fund’s limited partners include foundations, global asset managers, insurance companies, pension plans, family offices, and high-net-worth individuals.
-
Great Rock Capital Adds Senior Originator in Southern California Market
February 21, 2023Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Todd Nakamoto has joined the firm as a Managing Director of Originations. Todd will be based in Los Angeles and is responsible for expanding the firm’s origination efforts across Southern California.
-
Ramaco Resources, Inc. Announces Upsized Revolving Credit Facility
February 21, 2023The Company's principal lender, KeyBank, N.A. ("KeyBank"), has now led a bank syndicate that increased the Company's overall credit facility to $175 million (the "Facility"). This consists of an aggregate revolving commitment of $125 million with an accordion feature for an additional $50 million available upon company request.
-
Manufacturer of Industrial and Commercial-Grade Battery Systems Funded
February 21, 2023Flatbay Capital LLC is happy to announce the funding of a $5,550,000 owner-occupied CRE Bridge Loan for a manufacturer of advanced industrial and commercial-grade battery systems in Ohio.
-
Thompson Street Capital Partners Completes Growth Investment in OpenClinica
February 21, 2023Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today a growth investment in OpenClinica, a cloud-first, unified eClinical platform that accelerates clinical research by allowing users to automatically capture data from Electronic Health Records (EHRs) while integrating with existing clinical workflows. Terms of the transaction were not disclosed.
-
First Eagle Alternative Credit Announces Senior Investment Leadership & Direct Lending Promotions
February 21, 2023First Eagle Alternative Credit, LLC (“First Eagle” or the “firm”), an alternative credit manager for both direct lending and broadly syndicated investments with approximately $21 billion in assets under management, today announced promotions within its Tradable Credit and Direct Lending investment teams.
-
First Business Bank’s Asset-Based Lending Group Funds $18 Million Credit Facility
February 21, 2023Mike Colloton, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $18 million revolving line of credit and equipment term loan for a plastic injection molding company in Wisconsin.
-
First Citizens Bank Provides $50.3 Million Financing for Recapitalization of Medical Office Building Portfolio
February 21, 2023First Citizens Bank today announced that its Healthcare Finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. The portfolio consists of an aggregate of 200,000 rentable square feet across seven off-campus medical office buildings located in Florida, Illinois and Pennsylvania.
-
MidCap Business Credit Closes a $12 Million Senior Secured Credit Facility for a Manufacturer and Assembler of Mattresses and Foundations
February 21, 2023MidCap Business Credit announced today they have closed on an $12,000,000 senior secured credit facility for a manufacturer and assembler of mattresses and foundations. The asset based credit facility is comprised of a working capital line of credit with advances against accounts receivable and inventory and a machinery and equipment term loan.
-
Rosenthal Closes Two Transactions, Including $35 Million in Acquisition Financing and a Combined $3 Million In Factoring And Purchase Order Financing
February 21, 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 recent transactions, including a $35 million acquisition deal for a large consumer products importer and a combined $3 million purchase order financing and factoring deal to support an established footwear company.
-
Winston & Strawn Represents Atlis Motor Vehicles, Inc.
February 21, 2023Winston & Strawn is representing Atlis Motor Vehicles, Inc. (NASDAQ: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery cell manufacturer to be fully owned and operated in the US, in connection with the pricing of its public offering of 8,334,000 units.
-
IDB Bank Announces Strategic Expansion of Sponsor & Leverage Finance Team
February 21, 2023IDB Bank (IDB), a New York-based private and commercial bank, has announced the expansion of its Sponsor & Leverage Finance team. As part of this expansion, IDB aims to further its presence within the leverage finance space, a key area of growth over the next several years.
-
Bain Capital Credit Launches New Business Development Company for Income Focused Investors
February 21, 2023Bain Capital Credit, LP (“Bain Capital Credit”), a leading global credit specialist, today announced the launch of Bain Capital Private Credit (“BCPC” or the “Fund”), a perpetual life, non-traded business development company. The Fund will offer access to income-producing investments in middle market companies that have historically been available mostly to institutional investors. Bain Capital Credit has been a longstanding investor in the middle market since its founding in 1998.
-
Crayhill Capital Management Provides $200 Million Secured Receivables Financing Facility to Stenn Technologies
February 21, 2023Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, announced today the close of a $200 million receivables financing facility with Stenn Technologies, a UK-based SME finance platform. The facility, which will initially be $200 million, expandable to up to $400 million, is collateralized by a diverse portfolio of high-quality, short-term trade receivables. Goldman Sachs provided a committed senior credit facility against the portfolio in the initial amount of $175 million.
-
Customers Bank Introduces Loan Syndications Banking Solutions
February 21, 2023Customers Bank, a digital and fintech-forward super-community bank with a growing number of operations across the nation and the bank subsidiary of Customers Bancorp, Inc. (NYSE:CUBI), announced the launch of a new Loan Syndications Banking Team, expanding the bank’s lending services for middle market businesses and lead deals to support the bank’s existing and future national lines of business.
-
Houlihan Lokey Grows Its Capital Markets Capabilities With Experienced Energy Financing Specialist
February 21, 2023Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Daniel East has joined the firm’s Capital Markets Group as a Managing Director. Mr. East is based in Houston and will predominantly partner with the firm’s Oil & Gas Group as well as Houlihan Lokey’s Power & Utilities team to provide private capital financing solutions to the firm’s clients in these sectors.
-
Austin Financial Services Hires SVP, ABL Originations to Expand ABL Originations in Midwest Region
February 21, 2023Austin Financial Services, Inc. (AFS) is pleased to welcome Stacey Huddleston as its new SVP, ABL Originations. In this role, Huddleston will continue to expand the company’s Asset Based Loan (ABL) origination efforts throughout the Midwest region. Huddleston brings with him 22 years of commercial finance and asset-based lending experience. Prior to joining AFS, he held leadership roles with Seacoast Business Funding and Prestige Capital.
-
AlixPartners to Acquire Leading Independent Restructuring Practice THM Partners
February 21, 2023AlixPartners, the global consulting firm, today announced that it has entered into an agreement to acquire leading independent restructuring practice THM Partners LLP (THM). The proposed transaction will see THM’s 40 Partners and staff located in the UK, Germany, and Singapore joining AlixPartners’ world-leading Turnaround & Restructuring Services practice.
-
Flatbay Capital Announces Funding of $5.9MM CRE Line of Credit
February 16, 2023On December 30th, 2022, Flatbay Capital LLC closed a $5.9MM commercial real estate secured line of credit for a large general contractor in Houston. We also introduced an equipment lending partner and together we were able to fully pay off the bank before year's end.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
