- eCapital Provides $11MM Healthcare Receivables Facility to Specialty Pharmacy Provider
- Porter Capital Closes $10 Million Facility for Family-Owned Seafood
- PNC Bank Appoints Michael Jannusch to Lead Commercial Banking for Tennessee
- SFNet’s Advocacy Efforts Lead to Important Revisions in New California Commercial Financing Legislation
- SFNet Economic Impact Report
TSL Express Daily Articles & News
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Legacy Corporate Lending Appoints Karla Gorgij as Executive Vice President, Portfolio & Underwriting
Legacy Corporate Lending, LLC ("Legacy"), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of Karla Gorgij as Executive Vice President, Portfolio & Underwriting. In her role, Ms. Gorgij will be primarily responsible for managing a portfolio of client relationships where she will work closely with borrowers to support their ongoing financing needs and deliver exceptional service throughout the life of each credit facility.
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Syndicated ABL Market Rebounds in Second Quarter as Refinancing Activity Increases
After a relatively slow start to the year, the syndicated asset-based lending market regained momentum during the second quarter of 2026, led by a high volume of refinancing activity. While overall issuance remained slightly below last year’s record pace, all indicators are that lender demand for credit remains strong, and borrowers continue to view asset-based lending as an attractive source of liquidity amid economic uncertainty and a higher-for-longer interest rate environment.
TSL Express Daily Headlines & News
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Joseph Malfitano Appointed President & Head of GA Group Retail, Merchant, and Industrial Solutions
August 17, 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 appointment of Joseph (Joe) Malfitano as President & Head of its Retail, Merchant & Industrial Solutions business lines.
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DraftKings Announces Launch of $600 Million Term Loan B Facility and Upsized $750 Million Revolving Credit Facility
August 17, 2026DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced the launch of syndication for a proposed senior secured term loan B credit facility (the “Term Loan B”) in an aggregate principal amount of $600 million.
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TWFG Expands Credit Facility to $125 Million, Enhancing Capacity for Continued Growth and Strategic Investments
August 17, 2026TWFG, Inc. (Nasdaq: TWFG) ("TWFG" or the "Company") today announced that it has entered into an Amended and Restated Credit Agreement providing for a $125 million revolving credit facility and extending the facility's maturity to August 12, 2031.
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Citizens Adds Doug Brockway to Lead Cybersecurity and Infrastructure Software Investment Banking
August 17, 2026Citizens Capital Markets & Advisory today announced that Doug Brockway has joined its Technology Investment Banking team as a managing director leading the firm’s Cybersecurity and Infrastructure Software practice.
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Nightpeak Energy Secures $75 Million Corporate Credit Facility to Support Continued Growth
August 13, 2026Nightpeak Energy ("Nightpeak"), a next-generation independent power producer that integrates dispatchable generation with data center and large-load development, today announced it has closed a $75 million corporate credit facility (the "Facility") with Macquarie Group.
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TWFG Expands Credit Facility to $125 Million, Enhancing Capacity for Continued Growth and Strategic Investments
August 13, 2026TWFG, Inc. (Nasdaq: TWFG) ("TWFG" or the "Company") today announced that it has entered into an Amended and Restated Credit Agreement providing for a $125 million revolving credit facility and extending the facility's maturity to August 12, 2031.
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CB&I Announces Successful Upsizing and Closing of $625 Million Senior Secured Credit Facility
August 13, 2026CB&I, a leading provider of integrated storage and asset‑management solutions, today announced the successful upsizing and closing of its senior secured credit facility from $400 million to $625 million.
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First Business Bank's Asset-Based Lending Team Funds $15 Million Revolving Line Of Credit For Washington Outdoor Products Manufacturer
August 13, 2026First Business Bank's Asset-Based Lending team announces a recently closed and funded $15,000,000 revolving line of credit to refinance the existing secured debt of a Washington-based manufacturer and distributor of outdoor products. The financing also provides working capital to support the company's seasonal business cycle and continued growth.
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eCapital Delivers $10 Million Asset-based Lending Facility to Support Restructuring of Florida Flight Training Company
August 13, 2026eCapital Corp. (“eCapital”), eCapital Corp. ("eCapital"), an AI-powered fintech company building the next generation of specialty finance, has provided a $10 million asset-based lending revolving credit facility to a Florida-based flight training company undergoing an extensive operational and financial restructuring.
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Orange EV Secures $100 Million Credit Facility with Wells Fargo
August 13, 2026Orange EV, the leading manufacturer of zero‑emissions terminal trucks, today announced it has entered into a $100 million revolving credit facility led by Wells Fargo Bank, N.A. The senior secured facility strengthens Orange EV's balance sheet and provides increased liquidity to support working capital needs, the continued expansion of OptiGrid, and the growth of the company's rental and leasing platform.
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Hedaya Capital Supports Strategic Growth Plans at Apparel Company Startup
August 13, 2026The Hedaya Capital Group recently provided a $1 million factoring facility to a New York-based apparel Company specializing in the import and distribution of branded men's underwear. The facility will provide the working capital needed to support expansion initiatives and accelerate revenue growth.
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First Citizens Bank Appoints Stacie Bales Barton and Sharon Thompson to Lead Growth Across Central U.S.
August 13, 2026First Citizens Bank, a top 20 U.S. bank, today announced two additions to its regional leadership team. Stacie Bales Barton and Sharon Thompson have joined the bank as Regional Executive Vice Presidents, supporting First Citizens' continued growth and expansion into the Central U.S. Both will report directly to Ron Sanchez, Regional Executive Vice President at First Citizens Bank.
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Aperture Investors Expands Litigation Finance Platform
August 13, 2026Aperture Investors (“Aperture”), an alternative asset manager and part of Generali Investments, today announced the expansion of its Litigation Finance Private Credit platform, bringing the platform to more than $600 million in assets and approximately $1 billion in total investment capacity.
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TAB Bank Delivers $3.5 Million Factoring Facility to Indiana-Based Cadillac Coffee Company
August 13, 2026TAB Bank has extended a $3.5 million factoring facility with a $1.5 million inventory sublimit to Cadillac Coffee Company. The new facility will provide funding, service, and support for the Company so they can continue providing high levels of customer satisfaction, delivered through their exceptional line of high-end coffee and tea products.
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BRG Expands Securities and Financial Markets Capabilities with Addition of Dr. Andria van der Merwe
August 13, 2026BRG today announced that Dr. Andria van der Merwe has joined as a managing director in the firm’s Securities & Financial Markets practice, based in Chicago. An economist with fifteen years of economic consulting experience specializing in antitrust, securities, and financial regulation, she has testified in matters involving credit default swap hedging strategies and cryptocurrencies.
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SSG Advises Tonopah Solar Energy LLC in the Sale of Substantially All Assets to Sons of Liberty Construction Inc.
August 13, 2026SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Tonopah Solar Energy LLC (“TSE” or the “Company”) in the sale of substantially all assets to an affiliate of Sons of Liberty Construction Inc. (“SOLC”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. The transaction closed in July 2026.
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Amerisource Business Capital Provides $4 Million Working Capital Facility to Office Chair Manufacturer/ Independent Sponsor
August 13, 2026Amerisource Business Capital is pleased to announce the closing and funding of a $4,000,000 working capital facility for a leading manufacturer of office chairs. The company required additional working capital to support its continued growth but had reached the lending capacity of its existing banking relationship.
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CIBC Bank USA’s Asset Based Lending Provides $25 Million Senior Revolving Credit Facility to MCI Ventures, Inc. (d/b/a Mr. Crane)
August 13, 2026CIBC Bank USA Asset Based Lending has provided a new $25 million senior revolving credit facility to MCI Ventures, Inc. and subsidiaries (d/b/a Mr. Crane). The financing will refinance existing debt, repay equipment notes, and support the purchase of rental equipment to fuel the company's continued growth.
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Oxford Finance Provides Asset-Based Lending Facility to Serena & Lily
August 13, 2026Oxford Finance LLC ("Oxford"), a leading specialty finance firm, today announced the closing of an asset-based lending facility for Serena & Lily, Inc. ("Serena & Lily" or the "Company"), a premium home furnishings and lifestyle brand known for its heirloom quality collection, designed in-house, that embodies great American style and the spirit of life by the water.
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Revman International Secures $87 Million From First Citizens Bank
August 13, 2026Revman International ("Revman") today announced it received expanded funding and banking solutions from First Citizens Bank. Revman increased its existing ABL revolver to $55 million and secured a new $32 million commercial real estate loan with First Citizens' Commercial Bank, bringing the total financing to $87 million.
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