- Tiger Group Offers Assets from Turf Company’s Georgia Plant
- Western Alliance Bank Provides $35 Million Financing for Major Capital Improvements at Marina City Club
- Next Level Aviation® Secures Credit Facility Increase to $80MM with PNC Bank
- Advantage Business Capital Provides $1MM Factoring Facility to Beverage Concentrates Manufacturer
- Coral Capital Solutions Provides Factoring Facility to a Leading Not-for-Profit Home Care Provider
TSL Express Daily Articles & News
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Today's Top Story
Featured
Siena Lending Group Welcomes Andrew Kehoe
Siena Lending Group LLC ("Siena") is pleased to announce the appointment of Andrew Kehoe as Director of Originations. Andrew will be responsible for expanding Siena’s origination efforts and deepening its coverage across the Mountain West region. Andrew joins Siena from Edge Capital Lending, LLC, where he led the firm’s business development initiatives and oversaw coordination of the sales team.
TSL Express Trending Story
Featured
Middle Market Lending in 2025: Adjustment Amid Uncertainty
According to LSEG LPC’s Middle Market Syndicated Stats, 2024 closed strong:
- Total syndicated middle market loan volume reached $159.6 billion, a 32% YoY increase.
- New money issuance totaled $78.8 billion, with refinancings at $80.8 billion.
- Institutional middle market volume hit $24 billion, more than doubling YoY.
- Covenant-lite issuance rose by 117%, reaching $3.5 billion.
- Total syndicated middle market loan volume reached $159.6 billion, a 32% YoY increase.
- New money issuance totaled $78.8 billion, with refinancings at $80.8 billion.
- Institutional middle market volume hit $24 billion, more than doubling YoY.
- Covenant-lite issuance rose by 117%, reaching $3.5 billion.
TSL Express Daily Headlines & News
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Mathew Hennings Joins the Utica Equipment Finance Team as Managing Director of Sales
August 4, 2025Utica Equipment Finance, a leading provider of equipment-based term loans and leases to companies throughout North America, is pleased to announce that Mathew Hennings has joined the firm as Managing Director of Sales. In this role, he will be responsible for sourcing and developing client and referral relationships across the United States.
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Federal Regulatory Enforcement Plummets 37% as States Rush to Fill Compliance Void, Wolters Kluwer Analysis Reveals
August 4, 2025Regulatory enforcement actions against financial services firms experienced an unprecedented decline in the first half of 2025, with violation volumes plummeting 37% compared to the previous six months, according to new data from Wolters Kluwer Financial & Corporate Compliance's Regulatory Violations Intelligence Index.
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Republic Bank Announces New C-Suite Leaders
August 4, 2025Republic Bank & Trust Company ("Republic" or the “Bank") is proud to introduce two new members to the corporate leadership team. Promoted from within, Christy Ames now serves as Executive Vice President (EVP), Chief Legal Officer & General Counsel, and Scott Nardi takes on the role of Senior Vice President (SVP), Chief Risk & Compliance Officer.
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PGIM Announces $4.2B Final Close of Middle Market Direct Lending Fund
August 4, 2025PGIM today announced the final close of PGIM Senior Loan Opportunities II, L.P. (“PSLO II”), the second commingled private credit fund available to unaffiliated investors in its middle market direct lending series. PSLO II closed with over $4.2 billion in available capital commitments, making it one of the largest middle market direct lending private credit fundraises year to date,1 and reflecting strong support from a global base of institutional investors.
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Eldridge Closes $120 Million Lease with Calumet
August 4, 2025Eldridge Diversified Credit, the private, liquid, and asset-based credit investment strategy of Eldridge Capital Management (“Eldridge”), has announced the renewal and upsizing of its Shreveport, LA terminal lease facility with Calumet, Inc. (NASDAQ: CLMT) (“Calumet” or the “Company”).
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Gateway Trade Funding Completes 23 Stretch Finance Transactions Totaling More Than $3,800,000
August 4, 2025Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions: A $110,000 facility for a Canadian skin care company; a $150,000 facility for a Canadian meat farm and processor; a $25,000 facility for a Canadian automotive products company and a $42,000 facility for a trucking company.
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Truist Strengthens Commercial Banking, Wealth Management Teams in Florida
August 4, 2025Truist Financial Corporation (NYSE: TFC) today announced new leadership for its commercial banking team in Florida and the addition of six new Truist Wealth advisors.
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Portage Point Partners Launches Valuations Practice and Welcomes Jeremy Glass as Managing Director
August 4, 2025Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management, investment banking and financial services firm focused on the middle market, is proud to announce the launch of its Valuations practice and welcomes Jeremy Glass as Managing Director.
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TAB Bank Q2 Loans Fund Growth for 218 Companies Totaling $66 Million
August 4, 2025TAB Bank funded growth for 218 companies in Q2 2025 with loans totaling $66 million. Companies signed with TAB Bank for working capital, cash flow management through factoring, equipment purchases and small business lines of credit. Businesses in the manufacturing, transportation, healthcare, food, fintech and toy/game industries selected TAB Bank as their financial partner.
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FormFactor Secures $150M Credit Facility with Wells Fargo
August 4, 2025On July 29, 2025, FormFactor, Inc. entered into a Revolving Credit Agreement with Wells Fargo Bank, establishing a $150 million credit facility to support working capital and general corporate purposes.
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Denise LeMay Joins Eastern Bank As Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking
August 4, 2025Eastern Bank is pleased to welcome Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking. Ms. LeMay brings over 25 years of experience advising commercial clients on interest rate risk management and structuring complex financial solutions through derivative products.
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Garnet Capital Completes Bankruptcy Liquidation of Consumer Loan Portfolio
August 4, 2025Garnet Capital Advisors, a nationally recognized loan sale advisor, is proud to announce two successfully closed consumer loan sales totaling $35 million in UPB. The loans were sold on behalf of Huron Trustee Group, a leading consulting firm in North America, following the bankruptcy of the originator and initial servicers.
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Wells Fargo Board of Directors Announces Intention to Name CEO, Charlie Scharf, Chairman
August 4, 2025Wells Fargo & Company (NYSE: WFC) today announced that the Board of Directors of Wells Fargo intends to appoint Charlie Scharf, Chief Executive Officer, Wells Fargo, as Chairman of the Board. When Mr. Scharf becomes Chairman, the Board intends to appoint a Lead Independent Director to support the Board’s continued independent oversight.
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ISC Extends Credit Facility
July 31, 2025Information Services Corporation (TSX:ISC) (“ISC” or the “Company”) announced today that it has extended the Company’s secured syndicated credit facility (the "Credit Facility") by entering into a third amendment to the amended and restated credit agreement with its syndicate of lenders.
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Myriad Genetics Announces New $200 Million Credit Facility
July 31, 2025Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, today announced it has closed a five-year senior secured term loan credit facility providing up to $200 million of capital from OrbiMed, a leading global healthcare investment firm. The facility includes $125 million of funded capital with an option to borrow up to an additional $75 million until June 30, 2027.
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Huron Amends and Extends Senior Secured Credit Facility
July 31, 2025Global professional services firm Huron (NASDAQ: HURN) today announced the successful refinancing and expansion of its senior secured credit facility.
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J.P. Morgan Payments Launches Cutting-Edge Supply Chain Finance Solution with Oracle
July 31, 2025J.P. Morgan Payments is unveiling its Supply Chain Finance (SCF) solution integrated with Oracle Fusion Cloud Enterprise Resource Planning (ERP) to optimize working capital — a solution that is being used by FedEx. This milestone underscores J.P. Morgan Payments' commitment to delivering cutting-edge financial solutions to its clients.
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Flagstar Bank Adds Vince Belcastro to Lead ABL Portfolio Risk Management
July 31, 2025Flagstar Bank has named Vince Belcastro as Senior Vice President and Head of Portfolio for its Asset Based Lending (ABL) division, marking his return to the ABL industry after several years in private equity-backed advisory roles and a variety of Group Head roles in the equipment finance industry.
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Celtic Capital Corporation Provides $1.5 Million Accounts Receivable Line of Credit for Distributor
July 31, 2025Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest-based distributor of lighting fixtures and other household hardware items.
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SSG Advises Axiom Real-Time Metrics in the Sale of Substantially All Assets to Sitero
July 31, 2025SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Axiom Real-Time Metrics Inc. (“Axiom” or the “Company”) in the sale of substantially all assets to Sitero Canada Inc. (“Sitero”). The sale was effectuated through a Court-supervised Receivership Proceeding in the Ontario Superior Court of Justice. The transaction closed in July 2025.
The Secured Lender
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