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Jon Varkony and Justin Alexander Join SLR Business Credit
SLR Business Credit is pleased to announce that Jon Varkony and Justin Alexander have joined. Both have assumed the roles of Vice President and Account Executive. SLR Business Credit's newest team members bring extensive experience in asset-based lending, underwriting and portfolio management.
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Economic Outlook
The announcement of new tariffs by President Trump marks the beginning of a critical and uncertain phase for the U.S. economy. While the full impact is still unfolding, early signs point to a significant economic slowdown, rising prices, and heightened inflation.
TSL Express Daily Headlines & News
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Madrigal Pharmaceuticals Secures $500 Million in Senior Secured Credit from Blue Owl Managed Funds to Further Extend Leadership Position in MASH
July 22, 2025Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL), a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), today announced that it has entered into a $500 million senior secured credit facility with funds managed by Blue Owl Capital (NYSE: OWL), a leading alternative asset manager, to primarily advance Madrigal’s pipeline to further extend its leadership position in MASH.
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Mountain Ridge Capital Provides $6.0 Million Credit Facility to Consumer Products Company
July 22, 2025Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $6.0 million senior secured credit facility to a California based consumer products company. The MRC facility will be utilized for working capital purposes to achieve growth and operational objectives.
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$6 Million in Growth Capital from eCapital Enables Midwest Logistics Firm’s Expansion Plans
July 22, 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 $6 million accounts receivable facility to accelerate the trajectory of a Midwest-based logistics company.
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Salem Five Bank Extends New Credit Facility to BWD Technologies, Fueling Automotive Growth for Laser Blanking Leader
July 22, 2025Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a credit facility to BWD Technologies (Blanking Without Dies), representing the first asset-based lending (ABL) initiative from its new Business Credit team.
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Kapitus Closes $250 Million Securitization and Upsizes Corporate Note to $95 Million
July 22, 2025Kapitus, a leading provider of financing for small and medium-sized businesses, has announced the closing of a $250 million asset-backed securitization (ABS). The facility, which has a 3-year revolving period and is expandable to $500 million, was rated by Kroll Bond Rating Agency, LLC (KBRA), with Truist Securities, Inc., as the sole structuring agent and bookrunner.
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Rosenthal Capital Group Closes $10.5 Million Asset-Based Loan Facility for High-Performance Textile Company
July 22, 2025Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of a $10.5 million asset-based loan (ABL) facility for a leading textile manufacturing and distributor based in New York.
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Encina Private Credit Provides $150 Million as Revolver Agent in a $525 Million Senior Secured Credit Facility to Specialty1
July 22, 2025Encina Private Credit, LLC (“Encina”) provided a $150 million commitment consisting of a revolver and term loan in the $525 million Senior Secured Credit Facility.
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SG Credit Announces A Senior Debt Investment in Murphy's Naturals
July 22, 2025SG Credit Partners, through its Consumer Products division, is pleased to announce a senior debt investment in Murphy’s Naturals, a leading outdoor lifestyle brand on a mission to help people enjoy life outdoors with worry-free, plant-powered mosquito repellents and personal care products.
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Assembled Brands Provides Asset-Backed Capital to Ana Luisa to Fuel Continued Growth
July 22, 2025Assembled Brands announced a new credit facility with Ana Luisa, a pioneering jewelry brand that has rapidly grown into a recognized leader in the sustainable luxury market. This financing partnership provides Ana Luisa with the flexible capital necessary to support rapid growth, optimize its robust supply chain, and accelerate the development of new products.
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Evolution Credit Partners Surpasses $1B In Credit Protection as Companies Seek Alternatives to Traditional Trade Credit Insurance
July 22, 2025Evolution Credit Partners Management, LLC (“Evolution”), a leading provider of single buyer, non-cancellable Trade Credit Protection (“TCP”) for accounts receivable from high-yield buyers, today announced it has delivered more than $1 billion in protection since launching its TCP business in late 2020.
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Financial Services Partner Peter Palladino Joins Holland & Knight in Boston
July 22, 2025Peter Palladino, a leading finance practitioner known for his loan structuring and negotiation, workout and insolvency experience, has joined Holland & Knight as a partner in Boston. Mr. Palladino was previously a partner at Choate Hall & Stuart, where he served in various leadership roles.
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Culain Capital Closes $3,750,000 AR Facility for Luxury Bedding and Linens Provider
July 22, 2025Culain Capital Funding, LLC (“Culain Capital”) announced the closing and funding of a $3,750,000 accounts receivable financing facility for a luxury bedding and linens supplier headquartered in New York City.
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Great Rock Capital Closes $1.1 Billion Leverage Facility with Capital One N.A.
July 22, 2025Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured leverage facility agented by Capital One, National Association (“Capital One”) that provides over $1.1 billion of capital.
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LifeScan Reaches Milestone Transaction to Improve Financial Flexibility and Enable Future-Focused Investments
July 21, 2025LifeScan, Inc., (“LifeScan” or the “Company”), a world leader in blood glucose monitoring, today announced that it has entered into a Restructuring Support Agreement (“RSA”) with its first- and second-lien lenders and current equity sponsor, Platinum Equity, that will transform its balance sheet and position the Company for a stronger and more profitable future
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Gray Announces Revolving Credit Facility Increase to $750 Million and Extension to 2028
July 21, 2025Gray Media, Inc. (“Gray” or the “Company”) (NYSE: GTN) today announced that it has (i) increased the aggregate commitments under its revolving credit facility (the “Revolving Credit Facility”) by $50 million, resulting in aggregate commitments under the Revolving Credit Facility of $750 million.
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Osisko Development Secures US$450 Million Financing Facility to Develop the Cariboo Gold Project
July 21, 2025US$450 million project loan facility secured from new strategic partner Appian Capital Advisory to fund the development and construction of the Cariboo Gold Project in B.C., Canada
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Stampede Drilling Inc. Announces Credit Agreement Extension
July 21, 2025Stampede Drilling Inc. ("Stampede" or the "Company") (TSXV: SDI) is pleased to announce that it has entered into an amending agreement (the "First Amending Agreement") to its amended and restated credit agreement with Royal Bank of Canada and The Toronto-Dominion Bank originally made as of September 20, 2023 and amended and restated as of August 21, 2024 (as amended by the First Amending Agreement.
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Wag! Group Co. Announces Recapitalization Transaction with Retriever LLC
July 21, 2025Wag! Group Co. (the “Company” or “Wag!”; Nasdaq: PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced that it is pursuing a comprehensive balance sheet restructuring through a voluntary, pre-packaged Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware.
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Ares Management Announces Appointment of Sarah Cole as Co-Head of Global Capital Solutions
July 21, 2025Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the appointment of Sarah Cole as Partner and Co-Head of the Ares Global Capital Solutions team alongside current Partner and group Co-Head Roshan Chagan.
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Construction Equipment Rental Firm based in Georgia Receives $3,000,000 Facility from Prestige Capital
July 21, 2025A leading Georgia-based provider of drilling equipment and foundation tools for the construction industry has secured a $3,000,000 financing facility from Prestige Capital. The company, which offers new, used, and rental equipment, was referred by a New Jersey-based consulting firm.
The Secured Lender
SFNet's The 81st Annual Convention Issue

