- Hadrian Closes $360 Million Revolving Credit Facility to Accelerate the Buildout of Its U.S. Manufacturing Footprint
- Encina Commercial Finance Provides $51 Million First-Out Financing as Part of $90 Million Unitranche Supporting Caymus Equity's Acquisition of Midwest Dental Arts
- CIBC Bank USA’s Asset Based Lending Provides $25 Million Senior Revolving Credit Facility to MCI Ventures, Inc. (d/b/a Mr. Crane)
- SouthStar Capital Closes Accounts Receivable Financing Facility for Aerospace & Defense Government Contractor
- Blank Rome Expands Houston Office with Addition of Business Litigation and Energy Industry Partner Daniel S. Mayerfeld
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Agencies Release Revised Basel III Proposal: SFNet Provides Initial Assessment
On March 19, 2026, the Federal Reserve, OCC and FDIC released their long-anticipated revised rulemaking known as the 'Basel III Endgame'. The 2023 draft triggered one of the most broadly opposed rulemakings in recent regulatory history, drawing opposition from banks, housing advocates, energy companies, and bipartisan majorities in Congress over concerns that its proposed capital increases would constrict credit and harm the economy.
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Tariffs in Flux: Supreme Court Limits, New Proposals, and the Secured-Finance Credit Outlook
Editor's Note: Expert commentary on this topic will be published soon—stay tuned.
The U.S. Supreme Court’s February 2026 decision in Learning Resources, Inc. v. Trump has introduced significant uncertainty—not just relief—into the secured-finance ecosystem. While the ruling curtailed tariffs previously imposed under emergency authority, President Donald Trump has simultaneously proposed sweeping new tariff measures, including broad universal duties and sharply higher China-specific tariffs. For asset-based lenders, trade-finance providers, restructuring professionals, and import-dependent borrowers, the combined effect is less a clear liquidity windfall than a shifting policy landscape with uneven credit consequences.
The U.S. Supreme Court’s February 2026 decision in Learning Resources, Inc. v. Trump has introduced significant uncertainty—not just relief—into the secured-finance ecosystem. While the ruling curtailed tariffs previously imposed under emergency authority, President Donald Trump has simultaneously proposed sweeping new tariff measures, including broad universal duties and sharply higher China-specific tariffs. For asset-based lenders, trade-finance providers, restructuring professionals, and import-dependent borrowers, the combined effect is less a clear liquidity windfall than a shifting policy landscape with uneven credit consequences.
TSL Express Daily Headlines & News
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GDA Luma Leads Pat McGrath Labs Into Its Next Chapter of Growth
April 27, 2026GDA Luma today announced that Pat McGrath Labs, the iconic beauty house and prestige beauty leader, has successfully completed its financial restructuring process and is emerging from Chapter 11 protection. The successful execution of the Company’s court-approved reorganization plan provides a strong foundation for a new phase of creative excellence, operational discipline, innovation-led growth, and sustainable long-term success.
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Wingspire Capital Provides $30 Million To SportPet Designs
April 27, 2026Wingspire Capital is pleased to announce the closing of a $30 million revolving credit facility to SportPet Designs, LLC, a designer, manufacturer and distributer of best-selling pet products sold through major retailers.
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Beacon Financial Appoints Gary Levante Chief Marketing Officer
April 27, 2026Beacon Financial Corporation (NYSE: BBT) (the "Company"), the holding company for Beacon Bank, today announced the appointment of Gary Levante as Chief Marketing Officer. As a member of the Executive Management Committee, Levante reports to President and CEO Paul Perrault and leads all aspects of the brand strategy, marketing, communications and public affairs for the Company.
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Valitana Secures Significant Growth Equity Investment from FTV Capital
April 27, 2026Valitana, a leading provider of analytics, workflow and portfolio management solutions for structured credit professionals, today announced a significant growth equity investment from FTV Capital, a sector-focused growth equity firm with a strong track record of investing in high-growth financial technology companies.
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Texas Capital Announces Strategic Leadership Appointments
April 27, 2026Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced a series of strategic executive leadership appointments designed to scale the firm’s clearly differentiated platform in its next phase of growth.
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Switch Secures Landmark $2.6 Billion Syndicated Letter of Credit Facility
April 27, 2026Switch, the premier provider of AI, cloud and enterprise data center infrastructure, today announced it has secured a $2.6 billion syndicated performance letter of credit (LC) facility, the first of its kind in the data center industry. The facility expands Switch's ability to procure power at scale and supports the development of new transmission and generation resources across its growing portfolio of gigawatt-scale campuses.
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74Software Completes Refinancing of its Term Loans and Revolving Credit Facility
April 27, 202674Software announces the completion of the refinancing of its syndicated bank facilities. The transaction refinances the Group’s existing bank indebtedness, comprising a €120 million revolving credit facility maturing in 2027, an €80 million Term Loan B maturing in 2027, and a €120 million amortizing Term Loan A maturing in 2029.
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CVC Credit Raises Fourth CLO Equity Vehicle with $1 Billion in Commitments
April 27, 2026CVC Credit, the global Credit management platform of CVC plc, is pleased to announce the final close of CVC CLO Equity IV with $1 billion of commitments. Across its period of deployment, this equity fund is intended to support approximately $15 billion of global CLO issuance for CVC Credit’s Liquid Credit platform.
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Assembled Brands Provides Senior Credit Facility to Cream Co. Meats to Scale Ranch-Direct Supply Chain
April 27, 2026Assembled Brands is proud to announce the closing of a new senior line of credit for Cream Co. Meats, a 100% natural whole-animal butchery and distributor of sustainable and regenerative proteins. This facility provides the non-dilutive working capital needed to scale their ranch-direct supply chain and meet growing regional wholesale demand, supporting their mission to revolutionize a highly commoditized industry and create new ways for people to enjoy animal proteins responsibly.
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First Citizens Bank to Expand Commercial Solutions and Align Brand Names in Q4 2026
April 27, 2026In a continued effort to better serve the financial needs of its clients, First Citizens Bank, a top 20 U.S. bank, today announced plans to expand its commercial banking capabilities and align its brand names later this year.
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Dwight Funding Announces Select Credit Facilities for Growth-Stage Consumer Brands
April 27, 2026Dwight Funding, a modern asset-based lender providing flexible working capital support to scaling consumer brands, is pleased to announce select transactions from Q2, 2026.
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New El Segundo Office Expands CohnReznick’s Presence in California
April 23, 2026CohnReznick, a leading professional services firm, today opened a new office in El Segundo, CA, bringing its total number of offices in California to seven and expanding its longstanding footprint in the state.
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First Business Bank Funds $2 Million Factoring & Inventory Financing Facility For Texas IT Consulting Company
April 23, 2026First Business Bank announces that its Accounts Receivable Financing team recently funded a $2 million factoring facility for a Texas client that specializes in IT staffing and consulting.
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Peoples Bancorp Inc. and Citizens National Corporation Announce Definitive Merger Agreement
April 23, 2026Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) and Citizens National Corporation ("Citizens") (OTCPK: CZNL), jointly announced today the signing of a definitive agreement and plan of merger (the "Merger Agreement") pursuant to which Peoples will acquire Citizens, a bank holding company headquartered in Paintsville, Kentucky, and the parent company of Citizens Bank of Kentucky, Inc. ("Citizens Bank"), in a cash and stock transaction.
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Jefferson Capital Secures Credit Facility Expansion
April 23, 2026Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, today announced the successful expansion of its revolving credit facility by $150 million, bringing total capacity to $1.15 billion.
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Upstart Announces Multi-Year $1.2B Forward-Flow Agreement with Centerbridge Partners, L.P.
April 23, 2026Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a forward-flow commitment from funds managed by Centerbridge Partners, L.P., an alternative investment manager specializing in private equity, private credit and real estate investing. Centerbridge has agreed to purchase up to $1.2 billion of consumer loans originated through the Upstart platform.
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SSG Advises The Best Dressed Chicken in the Sale of its South Carolina Processing Plant to Amick Farms
April 23, 2026SSG Capital Advisors, LLC (“SSG”) served as the investment banker to The Best Dressed Chicken, Inc. (“The Best Dressed Chicken” or the “Company”) in the sale of its South Carolina processing plant to Amick Farms, LLC (“Amick Farms”). The transaction closed in April 2026.
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B. Riley Securities Acts as Exclusive Financial Advisor on Sale of The PoNS® System to Bioness Medical, Inc.
April 23, 2026B. Riley Securities, Inc. (“B. Riley Securities” or “BRS”), a leading full-service and research-driven investment bank, announced that it served as exclusive financial advisor in connection with the sale of the PoNS® (Portable Neuromodulation Stimulator) System to Bioness Medical, Inc.
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B. Riley Securities Expands New York Institutional Sales & Trading Desk
April 22, 2026B. Riley Securities, Inc. ("B. Riley Securities" or "BRS"), a leading full-service and research-driven investment bank, today announced the return of Seamus O'Neill as Senior Sales Trader and the addition of TJ Bealko to Institutional Equity Sales, both joining the firm's New York desk.
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Monroe Capital Supports Growth of Royal Interpack Group
April 22, 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 growth of founder-led Royal Interpack Group (“RPG”).
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