- Lighthouse Provides $5,000,000 Credit Facility to PA Based Distributor of Abrasive Blasting Equipment & Supplies
- Yanmar America Finance Selects Vero Technologies to Support the Launch of Its Captive Floorplan Finance Program
- Bird Secures $450M and Opens its Infrastructure to AI Agents
- AirBoss Announces Amended and Restated Credit Facilities
- SFNet Market Pulse
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
Featured
Provident Bank Expands ABL Team with the Addition of Bruce Gibson as First Vice President, Senior Relationship Manager
Provident Bank, a leading New Jersey-based financial institution, announced that Bruce Gibson has joined the company as First Vice President, Senior Relationship Manager, on the Asset-Based Lending (ABL) team. In this role, Mr. Gibson will be responsible for originating, structuring, and managing complex asset-based lending relationships, while driving new business development and supporting clients across the ABL portfolio throughout the Northeast.
TSL Express Trending Story
Featured
The Club
Club Deals Are Reshaping Asset-Based Lending: A New Era of Collaboration in a Competitive Market
As 50 Cent once said, "Go shorty, it's your birthday..." - and in the world of asset-based lending (ABL), it’s officially the season to “get in the club.” But in this case, the club isn’t a party - it’s a smart strategy where lenders team up to win bigger, better deals. Club partnerships are going to become critical as the market for large $50 to $100+ mm non-bank ABL facilities grows.
TSL Express Daily Headlines & News
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Melco Announces Extension of Maturity Date of Revolving Credit Facilities and Establishment of Incremental Facility
June 9, 2026Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$15,237,500,000 (equivalent to approximately US$1.94 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2027 to June 9, 2031
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Commercial Lending Lawyer Braden Shaw Joins Jones Day as a Partner in Chicago
June 9, 2026The global law firm Jones Day announced today that Braden Shaw has joined the Firm as a Partner in the Financial Markets Practice. Mr. Shaw is based in the Firm’s Chicago Office. Mr. Shaw is a commercial lending attorney with more than a decade of experience advising banks, financial institutions, private equity funds and corporate borrowers in the structuring, documentation and negotiation of a broad range of loan facilities.
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CIT Northbridge Provides $25 Million Credit Facility to Huron Valley Steel Corporation
June 9, 2026CIT Northbridge today announced it has provided a $25 million secured credit facility to Huron Valley Steel Corporation (HVSC), a leading recycling processor of shredded nonferrous mixed metals. Headquartered in Trenton, MI, Huron Valley Steel Corporation specializes in recovering and separating nonferrous metals from the nonferrous mix generated by automobile shredders. Founded in 1961, the company operates two recycled metal processing and sortation facilities in Belleville, MI and Anniston, AL.
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Latham & Watkins Expands Complex Commercial Litigation Practice in Texas
June 9, 2026Latham & Watkins LLP is pleased to announce that Shayne Henry has joined the firm’s Austin office as a partner in the Complex Commercial Litigation Practice. Henry is a skilled litigator and trial lawyer whose practice spans commercial and intellectual property disputes in state and federal courts nationwide, as well as US and international arbitration.
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RBC Global Asset Management Expands Alternative Product Set with Launch of New Interval Fund
June 9, 2026RBC Global Asset Management (U.S.) Inc. ("RBC GAM-U.S.") today announced the launch of the RBC BlueBay Enhanced Income Fund ("the Fund"), a closed-end interval fund providing U.S. investors with access to alternative credit markets through collateralized loan obligations ("CLOs").
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Womble Expands Real Estate Practice with New Partner in Phoenix
June 9, 2026Womble Bond Dickinson announced today that Andrew X. Yocopis has joined the firm as a partner in its Real Estate practice, based in Phoenix. Yocopis brings extensive experience representing commercial real estate developers, institutional lenders, private equity groups, pension funds, and real estate investment trusts in acquisitions, financings, leasing, and dispositions across the Southwest.
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B. Riley Securities Acts as Sole Bookrunner for Gladstone Capital Corporation in $60 Million Notes Offering
June 9, 2026B. Riley Securities, Inc. ("B. Riley Securities"), a leading full-service investment bank, today announced it served as sole bookrunner to Gladstone Capital Corporation (the “Company”) (NASDAQ: GLAD) in the closing of its $60 million aggregate principal amount of 7.000% Notes due 2029.
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Truist Names Lindsey Stampone as Regional President for Pennsylvania and New Jersey
June 9, 2026Truist Financial Corporation today announced Lindsey Stampone has been named regional president for Pennsylvania and New Jersey, leading one of the company's fastest-growing and strategically important regions.
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Applied Digital Secures Revolving Credit Facility of Up To $550 Million in Support of Strategic Growth
June 9, 2026Applied Digital Corporation (NASDAQ: APLD) (“Applied Digital” or the “Company”), a leading designer, builder and operator of high-performance, sustainably engineered data centers and colocation services for Artificial Intelligence (“AI”), networking, and blockchain workloads, today announced that it closed a revolving credit facility (the “Credit Facility”) on May 29, 2026.
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Cerus Corporation Closes New Debt Facility of Up to $110 Million
June 9, 2026Cerus Corporation (Nasdaq: CERS) announced today the closing of a new debt facility with MidCap Financial (MidCap), providing up to $110 million. The facility consists of a 5-year term loan and an asset-backed revolving loan.
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Cresco Labs Closes US$50 Million Revolving Credit Facility with Needham Bank
June 9, 2026Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”) today announced the closing of a credit agreement with Needham Bank, a Massachusetts-based commercial bank, providing the Company with a US$50 million revolving credit facility (the “Facility”).
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First Financial Completes Conversion of BankFinancial
June 8, 2026First Financial Bank (Nasdaq: FFBC) has completed the conversion of BankFinancial's operating systems and is now offering consumer banking, commercial banking, specialty banking and wealth management services under the First Financial brand in the Chicagoland area.
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Cardo AI Launches Cash Flow Modeling Tool for Asset-Based Finance, with Live Rate Curves Powered by Bloomberg Data
June 8, 2026Cardo AI today announced a new cash flow modeling tool for asset-based finance and specialty finance, built as a modern alternative to incumbent structured-finance cash flow engines such as Intex. The tool addresses a problem that has constrained analysts for years: engines designed for public ABS deals that do not fit today's esoteric asset classes or the needs of insurance investors, who have become major holders of private credit and structured assets.
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Rosenthal Capital Group Closes Three Transactions Totaling $5 Million
June 8, 2026Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of three separate deals totaling $5 million in the beauty, food & beverage and furniture sectors.
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SouthStar Capital Provides Accounts Receivable Financing Facility for Southeast Commercial Landscaping Company
June 8, 2026SouthStar Capital is pleased to announce the recent closing of an accounts receivable financing facility for a Southeast-based commercial landscaping and maintenance company serving government, multifamily, retail, and commercial property customers throughout the region.
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Cascadia Capital Expands Capital Markets Platform with New Restructuring & Special Situations Advisory Practice
June 8, 2026Cascadia Capital, an independent investment bank serving middle-market clients globally, today announced the launch of its Restructuring & Special Situations practice with the addition of veteran advisors Lorie Beers as Managing Director and Head of Restructuring & Special Situations, Carl Comstock as Director, and several additional professionals expected to join the team in the near term.
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May Small Business Filings Increase 36% From Previous Year
June 8, 2026The 281 commercial Subchapter V elections within Chapter 11 in May 2026 represented a 36% increase over the 207 filings recorded in May 2025, according to data provided by Epiq AACER, the leading provider of United States bankruptcy filing data.
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SixCap Healthcare Finance Appoints Kinh Reynolds as Vice President of Finance
June 8, 2026SixCap Healthcare Finance announced today that Kinh Reynolds has joined the firm as Vice President of Finance. Reynolds brings more than 30 years of accounting and finance experience across healthcare, commercial finance, public accounting, and operational leadership roles. Her background includes senior leadership positions in both lending and healthcare organizations, with expertise spanning financial reporting, portfolio management, audit, internal controls, strategic planning, and operational finance.
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Birks Group Announces the Closing of a New Term Loan Facility With Gordon Brothers Replacing Its Former Term Loan Facility and the Extension of Its Revolver Facility With Wells Fargo
June 8, 2026Birks Group Inc. (“Birks Group” or the “Company”) (NYSE American LLC: BGI) announced today the signing of a five-year $32.5 million senior secured term loan facility (“Term Loan”) with 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Group (“Gordon Brothers”) and the designated administrative agent under the facility.
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esVolta Secures Upsized Corporate Credit Facility to Support Expansion of Energy Storage Portfolio
June 8, 2026esVolta, LP (esVolta), a leading developer, owner, and operator of utility-scale battery energy storage projects across North America, announced today that it closed an expanded corporate credit facility providing up to $450 million of capital to drive new utility-scale energy storage projects in existing and new markets.
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