TSL Express Daily Articles & News
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FGI Finance Grows Midwest Presence with the Addition of Bryan Rozum
FGI Worldwide LLC (“FGI”), a global leader in the commercial finance industry, has announced the hiring of Bryan Rozum, CFA, as Managing Director, FGI Finance. Based in Chicago, Mr. Rozum will focus on originating new business opportunities throughout the Midwest for FGI Finance, FGI's asset-based lending division.
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Appraisers Assess the Impact of Tariffs, Economic Worry on Valuations
The recent surge in U.S. tariffs and retaliatory measures from trading partners is reshaping the global economic landscape, leaving businesses and secured lenders grappling with uncertainty. From rising costs to shifting valuations, this article dives deep into the challenges posed by these sweeping changes
TSL Express Daily Headlines & News
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Monroe Capital Corporation and Horizon Technology Finance Corporation Enter into Definitive Merger Agreement
August 11, 2025Monroe Capital LLC (“Monroe Capital”) today announced that Monroe Capital Corporation (“MRCC”; NASDAQ: MRCC) and Horizon Technology Finance Corporation (“HRZN”; NASDAQ: HRZN), both business development companies (“BDCs”) managed by affiliates of Monroe Capital, have entered into an agreement (the “Merger Agreement”) under which MRCC would merge with and into HRZN (the “Merger”), subject to the receipt of certain shareholder approvals and the satisfaction of other closing conditions.
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SSG Advises TransAxle in the Sale of its Off-Highway Division to Swanson Industries
August 7, 2025SSG Capital Advisors, LLC (“SSG”) served as investment banker to TransAxle Holdings, LLC (“TransAxle” or the “Company”) in the sale of its off-highway division to Swanson Industries, Inc., a portfolio company of Turnspire Capital Partners. The transaction closed in June 2025.
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Crown Partners Acts as Exclusive Financial Advisor to Nexseer Capital
August 7, 2025Crown Partners announces its role as exclusive financial advisor to Nexseer Capital, a specialty finance firm providing equipment and project financing solutions, in connection with its management-led buyout. The transaction involved the acquisition of 100% of the company’s equity by its senior leadership team, W. Scott McCullum (CEO), Jon Albin (COO), and Rob Davis (EVP).
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Citizens Private Bank Enhances Capital Access for Private Equity and Venture Capital Professionals with New Liquidity Lines
August 7, 2025Citizens Private Bank today announced the launch of Liquidity Lines of Credit, a tailored credit solution designed for private equity and venture capital partners and professionals. As the private markets continue to mature, with increasing sophistication in fund structures and personal capital planning, Citizens Private Bank is committed to delivering solutions that directly support the evolving needs of the industry.
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Evolution Credit Partners Welcomes Scott Barek as Managing Director, Expanding the Firm’s Structured Credit Capabilities
August 7, 2025Evolution Credit Partners Management, LLC (“Evolution”), a leading alternative credit investment manager, today announced that Scott Barek has joined the firm as Managing Director. Based in the New York office, Mr. Barek will lead structured credit investments and support the firm’s continued efforts to deliver differentiated, risk-managed solutions to institutional investors.
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MannKind and Blackstone Announce up to $500 Million Strategic Financing Agreement
August 7, 2025MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products and delivery devices for patients with endocrine and orphan lung diseases, and funds managed by Blackstone (“Blackstone”) today announced that they have entered into an up to $500 million strategic financing agreement.
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DF Capital Goes Live With Lendscape’s Platform as Bank Launches Asset Finance Offering
August 7, 2025Lendscape is pleased to announce that DF Capital, a specialist bank, has successfully gone live with Lendscape's asset finance platform. This milestone has enabled DF Capital to launch its asset finance offering to market; providing additional financing solutions to SMEs, as well as its first consumer finance products.
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First Citizens Bank Provides $18.59 Million to Joint Venture Led By TPG Angelo Gordon and Cypress West
August 7, 2025First Citizens Bank today announced that its Healthcare Finance business served as sole lender on an $18.59 million financing facility for a joint venture between Cypress West Partners and TPG Angelo Gordon. The financing supports the acquisition and recapitalization of a two-property medical office portfolio located in Tucson, Arizona, and Las Vegas, Nevada.
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eCapital Funds $15MM Asset-Based Lending Facility to Support PVC Manufacturer’s Growth
August 7, 2025eCapital Corp. (“eCapital”), a leading tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, has delivered a $15 million asset-based lending (ABL) facility to support the expansion of a Florida-based manufacturer known for its polyvinyl chloride (PVC) products used in commercial and industrial applications.
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Hyde Park Capital Advises Commercial Residential Aluminum on its Sale to Garden City Equity
August 7, 2025Hyde Park Capital announced today that its client, Commercial Residential Aluminum (“CRA”), a leading vertically integrated designer, manufacturer, and installer of outdoor aluminum products serving both commercial and residential markets has been acquired by Garden City Equity (“Garden City”).
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Mill City Ventures Successfully Closes $450 Million Private Placement, Commences SUI Treasury Strategy
August 7, 2025Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ: MCVT) today announced the successful closing of its $450,000,000 private investment in public equity and has commenced implementation of its industry-first Sui blockchain treasury strategy.
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O’Melveny Advises Sui Foundation in Connection with Mill City Ventures’ US$450 Million Private Placement
August 7, 2025O’Melveny advised the Sui Foundation, an independent organization dedicated to the advancement and adoption of the Sui network, as an investor, in connection with Mill City Ventures III, Ltd.’s US$450 million private investment in public equity.
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Manulife to Acquire Comvest Credit Partners, Creating a Leading Private Credit Platform
August 6, 2025Manulife Financial Corporation (TSX: MFC), through its more than US$900 billion Global Wealth and Asset Management ("Global WAM") segment, today announced it has signed an agreement to acquire 75%2 of Comvest Credit Partners3 ("Comvest") for US$937.5 million in upfront consideration. Comvest is a rapidly growing, middle market direct lending private credit manager with US$14.7 billion4 on its platform.
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J D Factors Provides $8.1 Million in New Factoring Facilities
August 6, 2025J D Factors provided $8,100,000 in new factoring facilities to 27 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Pennsylvania; $500,000 factoring facility for an underground drilling company in Florida.
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CIBC Innovation Banking Provides $7.5M of Growth Capital to SmartSkin Technologies Inc.
August 6, 2025CIBC Innovation Banking announced today that it has provided a $7.5M facility in growth capital to SmartSkin Technologies, Inc. (SmartSkin), based in Atlantic Canada. The company will use the financing to expand its market reach.
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J D Factors Provides $8.1 Million in New Factoring Facilities
August 6, 2025J D Factors provided $8,100,000 in new factoring facilities to 27 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Pennsylvania; $500,000 factoring facility for an underground drilling company in Florida.
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Troutman Pepper Locke Advises Transom Capital Group in Credit Facility Financing for Take-Private Acquisition of SigmaTron
August 6, 2025Troutman Pepper Locke advised Transom Capital Group (Transom), an operationally focused middle-market private equity firm, in the credit facility financing for a take-private acquisition of SigmaTron International, Inc. (SigmaTron), a global electronic manufacturing services provider. For more information, see the press release.
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Bioventus Enters into a New $400 Million Senior Secured Credit Agreement Lowering Interest Expense and Providing Increased Liquidity
August 6, 2025Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, today announced that it has entered into a $400 million Senior Secured Credit Agreement (the “Credit Agreement”) consisting of a $300 million term loan facility and a $100 million revolving credit facility on July 31, 2025. The new Credit Agreement will mature on July 31, 2030.
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Post Road Group Closes More Than $1 Billion in New Capital Commitments in its Corporate Investment Strategy
August 6, 2025Post Road Group, an alternative investment advisory firm focused on private credit and private equity investments in digital infrastructure, real estate, and specialty finance, today announced the final closing of its most recent flagship fund in its Corporate investment strategy, Special Opportunity Fund III (“SOF III”), with $525 million in total capital commitments.
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Encina Private Credit Expands Leadership Team, Promotes Mark Patchell to Chief Commercial Officer, Head of Originations
August 6, 2025Mark Patchell has been named Chief Commercial Officer and Head of Originations for Encina Private Credit (“Encina”), the specialty finance company that provides first-out, enterprise value loans to private equity-sponsored and non-sponsored borrowers across the middle market.
The Secured Lender
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