TSL Express Daily Articles & News
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Steve Ogus Joins First Business Bank As Senior Vice President - Asset-Based Lending
First Business Bank welcomes Steve Ogus as Senior Vice President – Asset-Based Lending to First Business Specialty Finance, LLC, a subsidiary of First Business Bank.
With more than 30 years of asset-based lending expertise, Steve Ogus is an experienced leader in helping middle-market companies secure flexible financing solutions to manage growth, acquisitions, refinancing, and turnaround situations.
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ABL Powers Ahead in Q2 2025 with Surge in New Money, Sponsored Deals, and Longer-Term Credits
Asset-based lending (ABL) stormed into the second quarter of 2025 with impressive volume that was a combination of both refinancing activity and new money. Q2 was the third-highest Q2 on record. According to data from LSEG LPC, ABL volume reached $41.9 billion in Q2, marking a 73% increase over Q1 and a 22% rise year-over-year.
TSL Express Daily Headlines & News
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Republic Business Credit Promotes William Kemp to Senior Vice President, Regional Manager
November 5, 2025Republic Business Credit today announced the promotion of William Kemp to Senior Vice President, Regional Manager. In this role, Kemp will lead Republic’s sales strategy in Texas while continuing to originate new business opportunities.
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Encina Private Credit Surpasses $1 Billion in Assets Under Management
November 5, 2025During the first nine months of 2025, Encina Private Credit (“Encina”) provided over $485 million of first out enterprise value loans to a wide range of middle-market companies, representing a 36% increase over the same period in 2024.
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Shari Miller Joins Gridiron Capital as General Counsel & Chief Compliance Officer
November 5, 2025Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is thrilled to announce the appointment of Shari Miller as General Counsel & Chief Compliance Officer.
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nFusion Provides $6 Million ABL Facility for Electrical Contractor
November 5, 2025nFusion Capital, a leading provider of financing solutions to small and middle-market businesses, provided a $6 million asset based lending facility to a Southern California-based electrical contractor. The financing will support the company’s large project backlog and accelerate its regional expansion.
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Tim Serritella Joins Big Shoulders Capital as Senior Vice President
November 5, 2025Big Shoulders Capital recently announced that seasoned industry veteran, Tim Serritella has joined the company as Senior Vice President. Serritella will be responsible for developing business for all of the firm's verticals with a focus on expanding their equipment-based lending portfolio, distressed bank note purchases and auction services.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Catchment Capital's Investment in Fidus Systems
November 5, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates participated in providing senior debt financing and an equity co-investment in support of Catchment Capital's ("Catchment") investment in Fidus Systems ("Fidus" or the "Company"), a leading provider of advanced electronic and embedded system design services.
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First Financial Bancorp. Announces the Completion of its Acquisition of Westfield Bancorp, Inc., and Westfield Bank, FSB
November 5, 2025First Financial Bancorp. (Nasdaq: FFBC) ("First Financial") announced today that it has closed its previously announced acquisition of Westfield Bancorp, Inc. ("Westfield") in a cash and stock transaction, from the Ohio Farmers Insurance Company. Westfield is the holding company and sole shareholder of Westfield Bank, FSB ("Westfield Bank").
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Houlihan Lokey Announces the Houlihan Lokey Private Credit DataBank
November 5, 2025Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced the launch of the Houlihan Lokey Private Credit DataBank (DataBank), a proprietary dataset and analytics platform delivering structured, loan-level insights into the private credit market.
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Monroe Capital Supports Osprey Landscape Group’s Acquisition of Earthworks, Inc.
November 5, 2025Monroe 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 Earthworks, Inc (“Earthworks”) by Osprey Landscape Group, an existing portfolio company of Southfield Capital.
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Sixth Street Specialty Lending, Inc. Appoints Robert Stanley as Co-Chief Executive Officer, Expands its Board of Directors and Elects Robert Stanley to the Board
November 5, 2025Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that President Robert (“Bo”) Stanley has been appointed as Co-Chief Executive Officer of the Company, effective as of November 4, 2025.
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First Business Bank Funds $1.5 Million Factoring Facility For Texas IT Consulting Company
November 5, 2025First Business Bank's Accounts Receivable Financing group announces the funding of a $1.5 million factoring facility for an IT consulting client in Texas.
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Fifty Stones Capital Group Closes $14.75 Million Development Loan in Georgia
November 5, 2025The California-based private lender successfully closed a $14.75 million development loan in just 22 days, refinancing a distressed position and reigniting a 285-lot subdivision’s future.
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The Eastern Company Enters into A Credit Agreement with the Lenders
November 4, 2025On October 28, 2025, The Eastern Company (the Company) entered into a Credit Agreement (the Credit Agreement) with the lenders from time to time party thereto, and Citizens Bank, N.A., as the administrative agent (in such capacity, the Agent), as an LC issuer, and as the swing line lender, and a related Pledge and Security Agreement (the Security Agreement).
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SLR Business Credit Provides $15 Million Credit Facility for School Health Corporation based in Rolling Meadows Illinois
November 4, 2025SLR Business Credit (“SLRBC”) is pleased to announce the funding of a new senior secured credit facility for School Health Corporation (“SHC” or the “Company”). SHC is a provider of health supplies and services to school nurses, athletic trainers, special educators, physical educators, and early childhood educators around the country.
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Merck Secures $700 Million Funding From Blackstone to Develop Cancer Therapy
November 4, 2025Merck (MRK.N), said on Tuesday that it has entered into an agreement to receive funds managed by Blackstone Life Sciences (BX.N), opens new tab for $700 million to develop an experimental cancer therapy.
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Alleviate Secures $150 Million Growth Investment from Sound Point Capital, Defining the "Debt-to-Wealth" Industry
November 4, 2025Alleviate Financial Solutions, LLC ("Alleviate") today announced the closing of a $150 million growth capital investment from Sound Point Capital Management, LP. This funding marks a major step in establishing the Debt-to-Wealth category — which goes beyond traditional debt relief to help consumers transform their financial lives.
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MidCap Financial Adds Jack Penzi as Managing Director of Originations for the ABL Team
November 4, 2025MidCap Financial is pleased to announce that Jack Penzi has joined as Managing Director of Originations for the ABL Team. Mr. Penzi will be based in New York City and will originate and underwrite Revolver and Term Loan credit facilities from $10MM to $500MM for the ABL strategies at MidCap Financial.
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eCapital Named Again to Inc.’s 2025 Power Partner Awards, Recognized for Excellence in Empowering Business Growth
November 4, 2025eCapital Corp. (“eCapital”), a leading tech-enabled specialty finance provider for small and midsize businesses across North America and the United Kingdom, today announced its inclusion on the Inc. Power Partner Awards list. The annual recognition honors B2B organizations with proven track records of supporting entrepreneurs and helping startups and high-growth firms scale.
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BRG Welcomes Jennifer Wren as Associate Director in Global Construction Practice
November 4, 2025BRG announced today that Jennifer Wren recently joined the firm’s Global Construction practice as an associate director. Based in Atlanta, she will advise clients on construction-related disputes, including claims analysis, financial damages, and fraud investigations arising from complex commercial projects.
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Tascher Joins CohnReznick as Florida Market Leader
November 4, 2025CohnReznick, a leading professional services firm, today announced that Mike Tascher has joined as Florida Market Leader and Assurance Partner. Based in Tampa, Tascher has three decades of experience providing auditing and accounting advisory services across multiple industries.
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