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TSL Express Daily Articles & News
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Hilco Global announced today that Andrew Hede has joined the company as Vice Chairman of Hilco Global Professional Services. In this role, Mr. Hede will report to David Kurtz, CEO of Hilco Global Professional Services and Vice Chairman of Hilco Global. Mr. Hede will focus on accelerating the continued growth and development of Hilco Global Professional Services, while also driving and originating revenue opportunities across the platform.
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In asset-based lending, collateral plays an important role in protecting lenders, but it does not replace a thorough assessment of the borrower itself. Understanding how a company generates cash, manages working capital, and performs financially remains essential during underwriting and throughout the life of the facility.
TSL Express Daily Headlines & News
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SouthStar Capital Provides Accounts Receivable Financing Facility for Southeast Commercial Landscaping Company
August 18, 2026SouthStar Capital is pleased to announce the recent closing of an accounts receivable financing facility for a Southeast-based commercial landscaping and maintenance company serving government, multifamily, retail, and commercial property customers throughout the region.
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Versant Funds $1 Million Non-Recourse Factoring Facility to Service Provider
August 18, 2026Versant Funding LLC is pleased to announce that it has funded a $1 million non-recourse factoring facility for a well-established business that provides services to major hospital systems.
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Cornerstone Research Announces New Senior Vice President Promotions
August 18, 2026Cornerstone Research, a leading provider of economic and financial consulting and expert testimony, has promoted the following professionals to senior vice president: Vildan Altuglu, Yan Cao, Craig Little, Maria Salgado, Celeste C. Saravia, Frank Schneider, and Narayanan "Nari" Subramanian.
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Amerisource Business Capital Closes NAV Revolving Credit Facility for Texas-Based Independent Sponsor
August 18, 2026Amerisource Business Capital is pleased to announce the closing and funding of a NAV revolving credit facility for a respected Texas-based independent sponsor. The facility is secured by a diversified portfolio of equity interests in multiple lower middle market companies and provided the sponsor with flexible capital to efficiently execute a strategic acquisition.
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Financial Services Litigator Karla Johnson Joins Jones Day in Pittsburgh
August 18, 2026The global law firm Jones Day announced today that Karla Johnson has joined the Firm as of counsel in its Financial Markets Practice and is based in the Firm's Pittsburgh office. Ms. Johnson focuses her practice on high-stakes financial services and class action litigation, representing major financial institutions in state and federal courts across the country, as well as in arbitration proceedings.
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Cornerstone Business Credit Funds Asset Acquisition for a Company in the Eyeglass Industry
August 18, 2026Cornerstone Business Credit is pleased to announce it recently funded a multi-million-dollar asset acquisition for a company in the eyeglass industry. The management team acquired the assets of a 50+-year-old business sold by its secured bank lender through an Article 9 sales process.
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Olga Morduke joins CohnReznick as Tax Partner in Commercial Real Estate
August 18, 2026CohnReznick, a leading professional services firm, today announced that Olga Morduke has joined as a Tax Partner in Commercial Real Estate.
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GA Group Acquires Litigation Support Practice from The Kaseno CPA Firm, Expanding Family Law Litigation Support Platform
August 18, 2026Great American Holdings, LLC ("GA Group"), a provider of financial advisory, valuation, asset disposition, investment banking, and lending services and majority-owned by funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the acquisition of California- and Washington-based family law litigation support practice from The Kaseno CPA Firm ("Kaseno").
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CVC Credit Prices Apidos LVIII, Its Fourth New Issue CLO Globally of 2026
August 18, 2026CVC Credit, the c.$60 billion (€52 billion) global credit management business of CVC, today announced it has successfully priced Apidos LVIII (58), a new $550 million Collateralized Loan Obligation (CLO) vehicle. Apidos LVIII is CVC Credit’s third U.S. new issue CLO and its fourth new issue globally this year.
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Clearco Secures $100 Million Asset-Backed Financing Facility from Macquarie Group to Expand Funding for Growing Ecommerce Brands
August 18, 2026Clearco, the leading provider of non-dilutive funding for ecommerce brands, today announced a new $100 million asset-backed financing facility from Macquarie Group. The facility expands Clearco's ability to provide qualified brands with up to $10 million in funding and estimated terms of 4 to 12 months. It is expected to support approximately $900 million in funding to ecommerce brands over the next two years.
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Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility
August 17, 2026Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced that it has completed the refinancing of its credit facilities.
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Restructuring & Insolvency Practice Continues Expansion at Squire Patton Boggs
August 17, 2026Global law firm Squire Patton Boggs has strengthened its Restructuring & Insolvency Practice with the addition of Oksana Lashko as a partner in its New York office and National Co-Chair of the firm’s Creditors’ Committee Practice.
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Republic Business Credit Supports Textile Wholesaler with $2.75 Million Factoring Facility
August 17, 2026Republic Business Credit has announced a new partnership with a national textile wholesaler, providing a $2.75 million factoring facility to fuel the company's West Coast expansion and market penetration into new apparel manufacturers.
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Blank Rome Further Expands Construction, Infrastructure, and Energy Platform with Partner Tarek F. Abdalla
August 17, 2026Blank Rome LLP is pleased to announce that Tarek F. Abdalla has joined the firm as a partner in its Business Litigation group, Construction & Infrastructure practice, and Energy industry team. Tarek joins a growing Construction & Infrastructure team that recently added partners Patrick D. Harder and Brandon J. Davis in Los Angeles and Justin N. Leonelli in Pittsburgh.
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Monroe Capital Supports Summit Restoration Group’s Acquisitions of Capital Construction Services and Capital Fire & Water
August 17, 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 acquisitions of Capital Construction Services and Capital Fire & Water (together, “Capital”) by Summit Restoration Group, an existing portfolio company of Point 41 Capital Partners.
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Renowned Multi-Faceted Attorney Steven Kurtz Joins Stubbs Alderton & Markiles
August 17, 2026Leading Southern California law firm Stubbs Alderton & Markiles, LLP (SA&M) is pleased to announce that Steven N. Kurtz will be joining as a Partner and Chair of the firm’s Commercial Finance, Insolvency & Specialty Lending Practice Group, which he will be launching, in addition to joining other practice groups.
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SouthStar Capital Closes $500,000 Combined Purchase Order and Accounts Receivable Financing Facility for Consumer Products Company
August 17, 2026SouthStar Capital recently closed a $500,000 combined purchase order and accounts receivable financing facility for a consumer products company preparing to launch its products through a major national retailer.
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Hadrian Closes $360 Million Revolving Credit Facility to Accelerate the Buildout of Its U.S. Manufacturing Footprint
August 17, 2026Hadrian, the advanced manufacturing company building highly automated factories for America, today announced the closing of a $360 million revolving credit facility. This facility allows Hadrian to further invest in the advanced manufacturing infrastructure, machinery, and related hardware needed to achieve its production goals.
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SouthStar Capital Closes Accounts Receivable Financing Facility for Aerospace & Defense Government Contractor
August 17, 2026SouthStar Capital recently closed an accounts receivable financing facility for a government contracting company supporting the aerospace and defense industry.
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B. Riley Securities Acts as Co-Lead Underwriter for Ucore Rare Metals’ C$69M Public Offering
August 17, 2026B. Riley Securities, Inc., a leading full-service investment bank, acted as Co-Lead Underwriter in a bought deal public offering for Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF), which closed on August 13, 2026, raising aggregate gross proceeds of C$69,004,600, including the full exercise of the over-allotment option. Ucore issued a total of 24,644,500 common shares at a price of C$2.80 per share.
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