- Monroe Capital Supports Renovus Capital Partners’ Acquisitions of K2 Services, Epiq GBTS and Forrest Solutions
- Assembled Brands Provides Accordion-Style Senior Facility to Fuel Stately’s Subscription Growth
- Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
- Trinity Capital Inc. Provides Growth Capital to Kinetic to Expand Workplace Injury Management Technology
- Siena Lending Group LLC Provides $125 Million of $450 Million Credit Facility to Retailer
TSL Express Daily Articles & News
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eCapital Upsizes Asset-Based Lending Facility to $1.38 Billion, Expanding Capital Strength and Market Reach
eCapital Corp. (“eCapital” or “the Company”), a technology-enabled leader in specialty finance for small and medium-sized businesses (SMBs) across North America and the U.K., today announced a renewal and upsizing of its subsidiaries’ asset-based lending (ABL) facility. The renewed facility has a three-year term and maximum commitments increased from $987 million to $1.38 billion.
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The following is an overview of the Lending on Inventory to Cross-Border Business, held May 13 during SFNet’s International Lending Conference in London. David Morse, partner, Otterbourg P.C. moderated. Panelists included: John Boxall, Managing Director, Hilco Valuation Services Europe; Christopher M. Chubb, Partner, Mayer Brown International LLP; Elena Egorova, Head of Operations, DRUM Advisory; and Frank Husken, Managing Director, Finterface.
TSL Express Daily Headlines & News
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Citigroup Appoints Dhakad to Head North America Private Credit
August 12, 2025Aashish Dhakad has been appointed as the head of the private credit origination division in North America by Citigroup Inc. (NYSE:C). With the bank now pursuing expansion in the evolving private credit market, Dhakad’s role will center around a segment that has gained popularity across traditional banks.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of BV Investment Partners' Acquisition of the Millennium Alliance
August 12, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of BV Investment Partners' ("BV") acquisition of The Millennium Alliance ("Millennium" or the "Company"), a leading peer-to-peer sales enablement platform providing C-suite executive assemblies, dinners, and access to a variety of digital properties.
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PlainsCapital Bank Welcomes Kyle Bennett to Victory Park
August 12, 2025PlainsCapital Bank is pleased to welcome Kyle Bennett to its Dallas lending team as Vice President, Commercial Loan Officer. He will be based at the Bank’s One Victory Park location at 2323 Victory Avenue.
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SLR Business Credit Provides $1.5 Million Factoring Facility to Robotics Integration Company
August 12, 2025SLR Business Credit is pleased to announce the funding of a $1.5 million factoring facility for a privately held robotics integration company based in Dallas, Texas. The company is a leader in the distribution and integration of robotics technologies used across a wide range of industries, including education, healthcare, hospitality, and agriculture.
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First Citizens Bank Arranges a $132 Million Debt Refinancing for Signet Maritime Corporation
August 12, 2025First Citizens Bank today announced that its Capital Equipment Finance business arranged $132 million in debt refinancing for Signet Maritime Corporation, a marine transportation and logistics company headquartered in Houston, Texas.
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MPLX Completes $4.5 Billion Public Offering of Senior Notes
August 12, 2025Jones Day represented MPLX LP in connection with an SEC-registered offering of $4.5 billion aggregate principal amount of notes, including $1.25 billion of 4.80% senior notes due 2031, $750 million of 5.00% senior notes due 2033, $1.5 billion of 5.40% senior notes due 2035, and $1.0 billion of 6.20% senior notes due 2055. The Jones Day team was led by Michael Solecki (Cleveland) and Ferrell Keel (Dallas).
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Lighthouse Provides $5,000,000 Credit Facility to a Florida-Based Manufacturer and Distributor of Steel Products
August 12, 2025Lighthouse Financial Corp. is pleased to announce the completion of a $5,000,000 revolving line of credit to a Florida based manufacturer and distributor of steel products.
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RelPro Earns Fifth Consecutive Inc. 5000 Ranking
August 12, 2025RelPro, the business development and relationship management solution for Financial & Professional Services, has earned a place on the Inc. 5000 list for the fifth consecutive year, distinguishing RelPro as consistently one of the fastest-growing private companies in the United States. RelPro is ranked #3073 on Inc. Magazine’s list in 2025, published today, thanks to the continued growth of its client base, which now includes 9 of the top 10 U.S. Banks and 64% of the Top 50.
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First Business Bank’s Asset-Based Lending Team Funds $6.85 Million Credit Facility For Refinance Of Texas Metal Parts Manufacturer
August 12, 2025First Business Bank’s Asset-Based Lending team announces a recently closed and funded $6,850,000 revolving line of credit, CapEx equipment line of credit, and real estate term loan to fund the refinance of a Texas manufacturer of precision-machined metal parts.
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Brian Trudgen Joins Mayer Brown in Chicago, Further Enhancing Firm’s Market Leading Leveraged Finance and Private Capital Capabilities
August 12, 2025Mayer Brown announced that Brian Trudgen has joined the Chicago office as a partner in its Global Leveraged Finance and Private Capital Group. He joins from Jones Day.
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Sound Point Capital Holds $1.1B Initial Close of Strategic Capital Fund III
August 12, 2025Sound Point Capital Management, LP, a global alternative credit manager with more than $44 billion in assets under management1, announced the first close of Strategic Capital Fund III with $1.1 billion in capital commitments, “exceeding its first and final close targets of $500 million and $1 billion, respectively.”
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First Financial Bank to Strategically Expand Presence in Chicago with the Complementary Acquisition of BankFinancial
August 12, 2025First Financial (Nasdaq: FFBC) and BankFinancial (Nasdaq: BFIN) jointly announced today that they have entered into an agreement by which First Financial will acquire Chicago-based BankFinancial in an all-stock transaction, strategically expanding First Financial’s presence in the economically robust Chicagoland market with a strong core deposit franchise including 18 financial centers.
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PennantPark Floating Rate Capital Ltd. Announces New Investment Venture with Hamilton Lane
August 12, 2025PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) today announced that it has formed PennantPark Senior Secured Loan Fund II, LLC (“PSSL II”), a joint venture with a fund managed by Hamilton Lane (Nasdaq: HLNE) (“HL”). PSSL II is expected to invest primarily in middle market loans consistent with PFLT’s core origination and underwriting strategy.
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Asante Announces Receipt of Net Proceeds From C$237M Equity Offering, Completion of Kinross Restructuring
August 12, 2025Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) (“Asante” or the “Company”) is pleased to announce that, further to its news release dated August 11, 2025 announcing the execution of definitive agreements relating to an approximately $500 million financing package (the “Financing Package”), the Company has satisfied the conditions to first draw down under such definitive agreements.
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TPI Composites, Inc. Initiates Voluntary Chapter 11 Proceedings to Facilitate Restructuring to Position Company for Long-Term Success
August 12, 2025TPI Composites, Inc. (NASDAQ: TPIC) announced today that it, together with its domestic subsidiaries (collectively, “TPI” or the “Company”), has commenced voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) to pursue a comprehensive restructuring of the Company that will allow the Company to emerge as a stronger enterprise.
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Culain Capital Closes $3.75MM AR Facility for Hospitality & Facility Management Firm
August 12, 2025Culain Capital Funding, LLC (“Culain Capital”) announced the closing and funding of a $3,750,000 accounts receivable financing facility for a New York-based hospitality and facility management firm. The new facility provides essential working capital to support the company’s rapid growth and enable them to hire more employees to meet increasing demand.
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SFNet Member Spotlight: Harney Partners
August 11, 2025As a nationally-recognized corporate advisory firm, Harney Partners has helped hundreds of middle market organizations and their stakeholders rise above complex financial and operational situations. No matter how messy or complicated the challenge, we say “bring it on.”
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Monroe Capital Supports Growth of Emerald Lake Capital Management’s Mission Critical Group
August 11, 2025Monroe Capital LLC (“Monroe”) announced it acted as joint lead arranger on the funding of a senior credit facility to support the growth of Mission Critical Group (“MCG”), an existing portfolio company of Emerald Lake Capital Management.
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Brook + Whittle Secures $130 Million of New Financing
August 11, 2025Brook + Whittle (the “Company”), a leader in sustainable packaging solutions, today announced the successful completion of a refinancing transaction. As a part of the transaction, the Company secured $130 million in new capital, established a new revolving credit facility, and extended its debt maturity runway, providing the Company with additional liquidity to accelerate investments in growth and sustainability initiatives.
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Celanese Corporation Announces New $1.75 Billion Revolving Credit Facility
August 11, 2025Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it has entered into a new credit agreement (“Agreement”) effective August 11, 2025 which includes a new $1.75 billion senior unsecured revolving credit facility, replacing the Company’s previous revolving credit facility of the same size which was set to mature in March of 2027.
The Secured Lender
SFNet's The 81st Annual Convention Issue
