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TSL Express Daily Articles & News
To submit company news and press releases to TSL Express, email tslexpress@sfnet.com.Today's Top Story
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First Bank Appoints Will Aiken to Lead Specialty Businesses
First Bank (NASDAQ: FBNC), has appointed Will Aiken as Managing Director, Specialty Businesses, reinforcing its commitment to expanding and strengthening key areas of the Bank's business. In this role, Aiken will oversee a portfolio of First Bank's specialty businesses, including CarBucks, SBA, Bankcard, Syndications, and Asset Based Lending—key drivers of shareholder value and long‑term growth.
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Appointing Independent Directors to Distressed Companies: An Alternative to Bankruptcy
The most traditional avenue for a distressed company seeking to reorganize existing debts or maximize company value is through a Chapter 11 bankruptcy. However, due to its complexity, a Chapter 11 bankruptcy can be a lengthy, expensive process that is not always palatable for the distressed company’s secured lenders.
TSL Express Daily Headlines & News
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Assembled Brands Provides the Capital Backbone for STEPR’s 450-Store Rollout
May 11, 2026Assembled Brands is pleased to announce the closing of a new senior credit facility for STEPR, the pioneer of the compact, connected stair climber. This partnership provides the strategic funding required to support the brand’s transition from a high-growth digital disruptor to a dominant omnichannel powerhouse.
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First Bank Welcomes Carmen Caporrino as Senior Vice President, Relationship Manager
May 11, 2026First Bank is pleased to announce that Carmen Caporrino has joined the bank as Senior Vice President, Relationship Manager within its Asset-Based Lending group reporting to Donna Calderaro, Senior Vice President and Market Executive. Carmen brings more than 40 years of banking experience, with deep expertise in asset-based lending, portfolio management, and credit risk.
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Nicholas Maggio Joins Rosenthal Capital Group as SVP and Portfolio Manager for CPG+
May 11, 2026Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced that Nicholas Maggio has joined as Senior Vice President and Portfolio Manager for CPG+, RCG’s division focused on providing non-dilutive growth capital solutions for leading consumer brands.
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Kolibri Global Energy Inc. Announces Bank Line Increase to $75 Million
May 11, 2026Kolibri Global Energy Inc. (the “Company” or “KGEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary Kolibri Energy US Inc. was increased from US$65 million to US$75 million on its revolving line of credit (“Credit Facility”) which is held by a bank syndicate led by BOK Financial (“BOKF”) and includes Arvest Bank (“Arvest”). The current outstanding amount drawn on the Credit Facility is approximately US$44 million.
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Amerisource Business Capital Provides $2 Million Working Capital Facility to Texas-Based Industrial Services Company
May 11, 2026Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a Texas-based provider of maintenance and repair services for industrial equipment. The company required additional working capital to support its continued growth initiatives; however, its bank partner was unable to provide the increased line of credit.
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Marathon Asset Management Announces Alex Howell’s Promotion to Partner and Head of European Credit
May 11, 2026Marathon Asset Management (“Marathon”), a leading global asset manager that invests across Private and Public Credit, announced today that Alex Howell has been promoted to Partner. Mr. Howell leads Marathon’s European Credit business and serves as a member of the firm’s Investment Committee.
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Eastern Bank Announces Leadership Appointment In Commercial Lending
May 11, 2026Eastern Bank today announced a key leadership update within its Commercial Lending Team. Senior Vice President Yongmei Chen has been promoted to Commercial Group Director of Community Development Lending. She succeeds Pamela Feingold, who served in the role until her passing on March 16, 2026.
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U.S. Bank Freight Payment Index: Shipper Spending Surges Amid Modest Freight Volumes
May 11, 2026Shipper spending rose sharply in the first quarter of 2026 as tightening capacity and a surge in diesel fuel prices pushed freight costs significantly higher, even as shipment volumes remained largely flat, according to the latest U.S. Bank Freight Payment Index.
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Lambda Closes $1 Billion Senior Secured Credit Facility to Meet Gigawatt-Scale AI Infrastructure Demand
May 11, 2026Lambda, the Superintelligence Cloud, today announced the closing of a $1 billion syndicated senior secured credit facility. The financing upsizes Lambda's existing credit facility, originally established at $275 million in August 2025, reflecting the continued confidence in Lambda's growth trajectory, technical leadership, and track record of operating gigawatt-scale AI factories.
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Baker Garrington Provides Factoring Facility for Mechanical Services and Welding Company
May 11, 2026Baker Garrington announced it has provided a factoring facility to a growing mechanical services and welding company based in Florida. The company supports large-scale water treatment projects, and the $250,000 facility was designed to help support its day-to-day operations. With strong demand and the right structure in place, this is a relationship designed to scale alongside their business as new opportunities come in.
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Brian Cohen Joins First Business Bank As Vice President - Accounts Receivable Financing
May 11, 2026First Business Bank welcomes Brian Cohen as Vice President – Accounts Receivable Financing to First Business Specialty Finance, LLC, a subsidiary of First Business Bank. Based in California, Brian Cohen brings more than 20 years of experience across receivables financing, factoring, asset-based lending, and
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Polsinelli Strengthens Commercial Litigation Capabilities with Sean Crain in Dallas
May 11, 2026Polsinelli is pleased to announce that Sean R. Crain has joined the firm as a shareholder in its Commercial Litigation Practice in Dallas. His arrival continues the firm’s expansion of the practice following the recent addition of Shareholder Joseph (Joe) R. Delehanty in Chicago.
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U.S. Bank CFO Survey: Geopolitics and Inflation Rise on the Risk Agenda, but CFOs Keep Moving on Growth, Deals
May 11, 2026Cutting costs remains finance leaders’ top priority, but growth has moved sharply higher on the agenda, according to the latest . The results of this research are based on a survey conducted between March 19 and April 14, 2026, of 1,000 senior finance leaders. The respondents work at U.S. businesses with at least $100 million in annual revenue, and 30% work for a business that generates at least $2 billion.
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Bain Capital Supports Growth of Kids2 with $225 Million Credit Facility
May 8, 2026Bain Capital today announced that its Private Credit Group acted as sole lender and administrative agent for a $225 million senior credit facility to Kids2, a global platform company that designs holistic solutions to help early-stage parents and families. The financing will support Kids2’s continued growth and global expansion.
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Brean Capital Closes $132.9 Million Inaugural Securitization for Regents Capital Corp
May 7, 2026Regents Capital Corporation (Regents), a leading independent provider of equipment leasing and financing solutions to middle-market borrowers, announced the successful closing of its inaugural Asset-Backed Securitization (ABS) transaction. transportation, healthcare and industrial services. Brean Capital, LLC served as Structuring Agent and Sole Bookrunner on the transaction.
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Tiger Group Completes Full Xytel Equipment Sale in 30 Days
May 7, 2026Tiger Group sold hundreds of assets from Xytel Corp.’s former plant in Roebuck, South Carolina, in just 30 days, from initial mobilization to the sale of the last-available item. Xytel Corp., a provider of pilot plants for the chemical processing, pharmaceutical, biotech and food production industries, had completed more than 1,000 projects since 1974 prior to the plant closure.
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Baker Garrington Provides a Factoring Facility for an Oilfield Trucking Company Operating in the Permian Basin
May 7, 2026Baker Garrington announced it has provided a factoring facility for an oilfield trucking company operating in the Permian Basin. The company is based out of Midland, TX, and runs throughout the Permian Basin.
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nFusion Capital Strengthens Ties with Returning Client Through $10 Million Asset Based Lending Facility
May 7, 2026nFusion Capital, a leading provider of financing solutions to small and middle-market businesses, provided a $10 million asset based lending facility to a Michigan-based technology and marketing company. The new financing will support general working capital needs and continued growth and expansion.
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Apotheo Capital Launches to Deliver Integrated Capital and Financial Advisory Solutions for Complex Situations
May 7, 2026Apotheo Capital (“Apotheo” or “the Firm”) today announced its launch as an integrated financial advisory and private capital firm focused on complex situations. Apotheo was founded on a clear conviction: in high-stakes financial transactions, an advisor’s objective should be to achieve the ultimate success for its clients.
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April Commercial Chapter 11 Bankruptcy Filings Increase 42% From Previous Year
May 7, 2026The 644 commercial Chapter 11 bankruptcy filings in April 2026 represented a 42% increase over the 454 filings recorded in April 2025, according to data provided by Epiq AACER, the leading provider of United States bankruptcy filing data.
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