TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Rosenthal Completes 11 Transactions Totaling $35 Million During Summer 2022, Supporting Clients From Multiple Industries
Rosenthal & 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 nearly a dozen transactions totaling roughly $35 million during the summer months of 2022. The various financing facilities will help to address working capital needs, mitigate risk and support growth opportunities for clients across a multitude of sectors.
TSL Express Trending Story
Featured
Lender Compliance Implications of the 60-Day PPP Loan Forgiveness Application Deadline
Under Section 1106 of the CARES Act, Paycheck Protection Program (“PPP”) loans can be forgiven, in whole or part, under certain conditions. The SBA has continued to release guidance with respect to the lender review process for loan forgiveness applications, most recently in the form of an Interim Final Rule published May 22, 2020.
This new rule, the SBA Loan Review Procedures and Related Borrower and Lender Responsibilities (“Loan Review Process IFR”), provides important additional guidance with respect to a lender’s responsibilities for processing loan forgiveness applications in a timely and compliant manner. The rule also describes the circumstances under which a lender may lose its processing fee, and potentially, the loan guaranty.
While further guidance is expected, the Loan Review IFR outlines the general process for submission and processing of the loan forgiveness applications.
TSL Express Daily Headlines & News
-
KKR Commits to Invest an Additional $1.15 Billion in Aircraft Leasing with Altavair
January 11, 2023KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, today announced that KKR is making an additional $1.15 billion commitment to expand its global portfolio of leased commercial aircraft in partnership with Altavair. The investment will come from KKR’s credit and infrastructure funds.
-
Alleon Healthcare Capital Provides a $7,000,000 Medical Accounts Receivable Financing Facility to a Florida-based ABA Therapy Provider
January 11, 2023Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $7,000,000 medical accounts receivable financing facility with a behavioral therapy treatment center based in Florida (“Company”).
-
Monroe Capital Supports Argano’s Acquisition of ITK Solutions Group, LLC
January 11, 2023Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the acquisition of ITK Solutions Group LLC (“ITK”) by Argano, an existing portfolio company of Trinity Hunt Partners.
-
Golub Capital BDC, Inc. Announces $247.0 Million In New Middle-Market Originations for its Fiscal Year 2023 First Quarter
January 11, 2023Golub Capital BDC, Inc. ("GBDC") (Nasdaq: GBDC, www.golubcapitalbdc.com), a business development company, today announced that it originated $247.0 million in new middle-market investment commitments during the three months ended December 31, 2022. Approximately 93% of the new middle-market investment commitments were one stop loans, 3% were senior secured loans and 4% were equity and other securities. Of the new middle-market investment commitments, $216.5 million funded at close.
-
Antares Capital Taps Seth Katzenstein as Managing Director to Build Out Firm’s Broadly Syndicated Loan Business
January 11, 2023Antares Capital (“Antares”) announced today that Seth Katzenstein has joined the firm as Managing Director and Head of Broadly Syndicated Loans to build the firm’s broadly syndicated loan (“BSL”) business. Mr. Katzenstein will be based in New York and report to Vivek Mathew, Head of Asset Management.
-
Cresset Partners Has Launched Evergreen Private Credit Fund
January 11, 2023Cresset Partners has launched the Cresset Partners Private Credit Fund, LLC (the "Fund"). The Fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering consistent income and strong downside management.
-
AlixPartners Promotes six to Partner & Managing Director in Europe
January 11, 2023In the United Kingdom – AlixPartners’s largest office in Europe – four members have been promoted to partner & managing director: Anna Del Mar, Clive de Silva, Steve Braude, and Peter Oppitzhauser. Meanwhile, Marcello Bellitto and Tim Thiele have been admitted into the rank in Italy and Germany, respectively. “Each of our new leaders has delivered an exceptional impact and contribution to our clients and the firm. I wish them every success in this new chapter of their careers at AlixPartners,” said Simon Freakley, CEO of AlixPartners.
-
Citizens M&A Outlook Optimistic Despite Headwinds
January 11, 2023Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms also indicated that buyer and seller sentiment about mergers and acquisitions will return to pre-pandemic norms as the macroeconomic backdrop stabilizes.
-
Spouting Rock Asset Management Acquires Ownership In Reinhart Partners
January 11, 2023Spouting Rock Asset Management, LLC (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, today announced it has entered into a definitive agreement to acquire a majority position of Reinhart Partners, Inc. (Reinhart), in a multi-step transaction over a period of two years. Reinhart is an investment management firm that services institutions and high-net-worth individuals.
-
Columbia Banking System and Umpqua Holdings Corporation Announce FDIC Approval and Expected Closing Timeline for Combination
January 11, 2023Columbia Banking System, Inc. ("Columbia") (NASDAQ: COLB), the parent company of Columbia Bank, and Umpqua Holdings Corporation ("Umpqua") (NASDAQ: UMPQ), the parent company of Umpqua Bank, jointly announced that the Federal Deposit Insurance Corporation (the "FDIC") has approved the previously announced combination of the two companies. The FDIC approval was the final outstanding regulatory approval necessary to complete the combination.
-
Stellus Capital Management, LLC Provides Unitranche Financing in Support of QHP Capital, L.P.'s Investment in COPILOT Provider Support Services, LLC
January 11, 2023Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, announced today that its affiliates provided senior debt financing and an equity co-investment to support QHP Capital, L.P.’s (“QHP”) investment in COPILOT Provider Support Services, LLC (“COPILOT” or the “Company”).
-
SLR Healthcare ABL Provides Financing for a Skilled Nursing Facility
January 11, 2023SLR Healthcare ABL is pleased to announce that it has provided a $4 million asset-based revolving line of credit to a skilled nursing facility in December 2022.
-
Abacus Finance Provides Senior Debt Financing to Support the Recapitalization of ROX360 by Fort Point Capital
January 11, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged recapitalization of ROX360 by Fort Point Capital. Additionally, Abacus made an equity co-investment in ROX360.
-
Rockland Trust Company and Independent Bank Corp. Appoint Jeffrey J. Tengel as Chief Executive Officer
January 10, 2023Rockland Trust Company and its bank holding company parent Independent Bank Corp. (NASDAQ Global Select Market: INDB) today announced the appointment of Jeffrey J. Tengel as the successor to current Chief Executive Officer, Christopher Oddleifson, effective on or about February 6, 2023.
-
Culain Capital Funding Closes $1,000,000 for Specialty Maintenance Staffing Company
January 10, 2023Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of a $1,000,000 Accounts Receivable Factoring Facility with a startup Specialty Maintenance Staffing Company based in Texas.
-
BHI Provides $80 Million Construction Financing for New Gramercy Park Condo At 200 E. 20 Street
January 10, 2023BHI, a full-service commercial bank, announced that it has provided an $80 million construction loan to 200 East 20th St LLC. Owned by the Tidhar Group affiliate, the 200 East project is a development of a new condominium building located at 20th Street and Third Avenue in the Gramercy Park neighborhood of Manhattan.
-
Alvarez & Marsal's Global Transaction Advisory Group Expands Offering With Its ESG Transaction Advisory Team
January 10, 2023Leading global professional services firm Alvarez & Marsal (A&M) appointed Garrett Louthan, a professional environmental engineer (P.E.), and Eric Brousseau, as Managing Directors in its new ESG Transaction Advisory practice within the firm’s Global Transaction Advisory Group (TAG)
-
Altera Infrastructure Emerges From Chapter 11 With a Strengthened Balance Sheet and Foundation for Long-Term Growth
January 10, 2023Altera Infrastructure L.P. and certain of its subsidiaries (“Altera”), one of the world’s leading suppliers of infrastructure assets to the offshore energy industry, announced today that it has emerged from the chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas after successfully consummating its chapter 11 plan of reorganization (the “Plan”).
-
Monroe Capital Supports Argano’s Acquisition of ITK Solutions Group, LLC
January 10, 2023Monroe Capital LLC announced it acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the acquisition of ITK Solutions Group LLC (“ITK”) by Argano, an existing portfolio company of Trinity Hunt Partners.
-
Abacus Finance Provides $17.5 Million in Senior Debt Financing to Support the Leveraged Buyout of Caster Connection, LLC by River Associates Investments
January 10, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $17.5 million in senior secured credit facilities to support the leveraged buyout of Caster Connection, LLC. by River Associates Investments.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
