- Flatbay Capital Provides $2.5MM CRE Line of Credit to Oilfield Equipment Manufacturer
- Mountain Ridge Capital Promotes Dylan Walter to VP, Originations
- Fortress Investment Group Leads $265 Million Financing for Advanced Computing Infrastructure Provider SourceCode
- Encina Commercial Finance Provides $125 Million First-Out Financing as Part of $300 Million Unitranche Supporting National CineMedia’s Acquisition of Captivate Holdings
- Ajay Tailor Joins Cohnreznick as Assurance Partner in Commercial Real Estate
TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
Featured
Winston & Strawn Corporate Partners Elevated to Leadership Positions
Winston & Strawn is pleased to announce that five partners have been elevated to leadership positions. Four partners have been promoted to serve as co-chairs of the Leveraged Finance and Asset-Based Lending practices, and one partner as chair of the Sponsor Finance practice.
TSL Express Trending Story
Featured
The Courts’ View of UCC Article 9 Sales In The COVID-19 Environment Is Clearly Changing
In the beginning of the pandemic, we reported that courts viewed Article 9 sales with a more critical eye. For example, we previously reported that Justice Masley of the New York Supreme Court, New York County Commercial Division, issued a decision on June 23, 2020 in D2 Mark LLC v. OREI VI Investments, LLC, holding that a UCC Article 9 sale on thirty-six (36) days’ notice, which required the winning bidder to make a non-refundable deposit of 10% of the purchase price, pay the remaining balance within 24 hours, and precluded the borrower from submitting a bid, was commercially unreasonable because of the dire implications of COVID-19. Article: Lender Stayed From Proceeding With UCC Article 9 Sale
TSL Express Daily Headlines & News
-
Pacific Western Bank Issues Update
May 4, 2023In light of recent reporting regarding strategic actions, PacWest Bancorp (Nasdaq: PACW) (the “Company”) provides the following update:
-
TD Bank and First Horizon Mutually Agree to Terminate Merger Agreement
May 4, 2023TD Bank Group (TSX andNYSE: TD) ("TD") and First Horizon Corporation (NYSE: FHN) ("First Horizon" or "the Company") today announced that they have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022. TD informed First Horizon that TD does not have a timetable for regulatory approvals to be obtained for reasons unrelated to First Horizon.
-
Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team
May 4, 2023Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital.
-
Citizens Financial Group Appoints Coughlin, Johnson as Vice Chairmen
May 4, 2023Citizens Financial Group, Inc. [NYSE: CFG] today announced that Brendan Coughlin, Head of Consumer Banking, and Beth Johnson, Chief Experience Officer and Head of ESG, have been named Vice Chairmen. They join Don McCree, Head of Commercial Banking, and John Woods, Chief Financial Officer, as Vice Chairmen of Citizens.
-
Abacus Finance Provides Senior Debt Financing to Support the Ad-On of I&I Sling, Inc. and Slingmax, Inc. by Yale Cordage, a River Associates Portfolio Company
May 4, 2023Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the Ad-On of I&I Sling, Inc. and Slingmax, Inc. by Yale Cordage, a River Associates Investments, LP portfolio company.
-
Dext Capital Closes Corporate Note Financing
May 4, 2023Dext Capital (Dext), a leading healthcare equipment leasing company, announces the recent closing of an investment-grade corporate note issuance. Proceeds from the BBB rated transaction will support continued growth and expansion initiatives for the business, primarily by funding new originations.
-
Wingspire Equipment Finance Upsizes Credit Facility to $195MM Led by Texas Capital Bank
May 4, 2023The facility was agented by Texas Capital Bank, and Wells Fargo and Bank OZK served as joint lead arrangers. The new facility demonstrates the strength of Wingspire’s platform during these volatile times.
-
Six Flags Announces Closing of Amendments to Credit Facility
May 3, 2023Six Flags Entertainment Corporation (NYSE: SIX) (the “Company,” “we,” “us” or “our”), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that concurrently with the closing of the Company’s previously announced offering of 7.250% Senior Notes due 2031,
-
J D Factors Provides $20,760,000 in April
May 3, 2023J D Factors provided $20,760,000 in new factoring facilities to 29 new clients in the US and Canada during the month of April.
-
CAB Worldwide LLC Announces Growth Investment
May 3, 2023PNC Bank, N.A. provided a senior secured debt facility in connection with the transaction.
-
Assembled Brands Closes $12MM in New Facilities in April
May 3, 2023Assembled Brands, the leader in financing today’s top consumer brands in the United States, announced the closing of $12 million in new facilities during the month of April. The new facilities are just one of the many ways Assembled Brands is committed to meeting the evolving needs of borrowers in the CPG industry.
-
SLR Equipment Finance Expands its Syndication Capabilities and Announces That Michael Luke has Joined the Company
May 3, 2023SLR Equipment Finance is pleased to announce Michael Luke has joined our company as Vice President of Syndication. In his role, Michael will help grow SLR Equipment Finance’s new and existing relationships within the market place.
-
B. Riley Securities Expands Consumer Industry Leadership with Three Strategic New Hires
May 3, 2023B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), announced a series of strategic hires further expanding its market leadership and expertise across Consumer industries.
-
Alleon Healthcare Capital Provides a $1,300,000 Million Medical Accounts Receivable Financing Facility to a Florida Health Network
May 3, 2023Alleon Healthcare Capital, a specialty finance company that provides healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the United States, has announced the closing of a $1,300,000 medical accounts receivable financing facility with a health network in Florida (Company).
-
Paper Products Online Auction Features Liquidation of Kraft Linerboard Paper Rolls
May 3, 2023A May 16 Tiger Group online auction features 2,120 kraft linerboard paper rolls formerly owned by a global broker and distributor of pulp and paper products.
-
LO3 Capital Provides Debt Investment to Support the Santmyer Companies, Inc's. Acquisition of Cole Distributing, Inc.
May 3, 2023LO3 Capital, a private investment firm committed to providing lower-middle market companies with transformative capital, announced today that it provided a senior subordinated debt investment to support the Santmyer Companies, Inc.'s (Santmyer) acquisition of Cole Distributing, Inc. (Cole Distributing).
-
Generation Mining Announces US$400 Million Senior Debt Facility Mandate with EDC, ING, and Societe Generale
May 3, 2023Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) has executed a mandate letter to arrange a senior secured project finance facility of up to US$400 million (the “Mandate”) to fund the construction and development of its Marathon Palladium-Copper Project, located on the north shore of Lake Superior in the Province of Ontario, Canada (the “Marathon Project”).
-
Lannett Company, Inc. Files Prepackaged Chapter 11 Cases to Significantly Strengthen Financial Position
May 3, 2023Lannett Company, Inc. (OTCMKTS: LCIN) (the "Company" or "Lannett") today announced that it and certain of its subsidiaries have commenced prepackaged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware
-
PGIM Strengthens Alternatives Offering With Agreement to Acquire Majority Interest in Deerpath Capital
May 3, 2023PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has signed a definitive agreement to acquire a majority interest in Deerpath Capital Management, LP and its associated affiliates. Deerpath Capital is a U.S. private credit and direct lending manager focused primarily on financing private equity sponsor-backed companies in the lower middle market.
-
Amerisource Closes $2,000,000 Senior Credit Facility for Food Production Firm
May 3, 2023Amerisource Business Capital announced the closing and funding of a $2,000,000 senior credit facility for a New York-based commercial bakery, providing private-label baked goods to retail and institutional users. The proceeds were used to fund growth and ongoing operations.
The Secured Lender
SFNet's Great Places to Work Issue
© 2026 Secured Finance Network
