- Energy Finance Veteran Bob Marcum Joins BRG as Managing Director in Energy & Climate Practice
- TradeCap Partners Provides $4 Million Purchase Order Funding Facility to Support Growth for Northeast Industrial Parts and Materials Distributor
- Asset-Based Lending & Factoring Surveys
- Top California Lender Begins 2026 with New Investor Capital and $25.9 Million in Loan Closings; Texas Expansion Underway
- New Era Energy & Digital Closes Multi-Tranche $290 Million Senior Secured Term Loan Credit Facility with Macquarie Group to Finance Texas Critical Data Center Flagship Project
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Valley National Bancorp to Acquire Bank Leumi USA Creating a Premier Commercial Bank With Unique, Sustainable and Diverse Growth Opportunities
Valley National Bancorp (“Valley”) (NASDAQ: VLY) and Bank Leumi Le-Israel Corporation (“Leumi”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Leumi, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA (“Bank Leumi”). This strategic combination broadens Valley’s commercial product offerings and enhances Valley’s funding verticals. As a result of the mutually beneficial transaction, Valley will greatly expand its technology and venture capital banking business, and Bank Leumi Le-Israel B.M. will enhance its exposure to the U.S. banking market.
TSL Express Trending Story
TSL Express Daily Headlines & News
-
Gordon Brothers Promotes Evren Ozargun to Head of Credit
April 28, 2021Gordon Brothers, the global advisory, restructuring and investment firm, has promoted Evren Ozargun to the newly established Head of Credit role. Ozargun and his growing Credit team will work in close partnership with Gordon Brothers’ deal professionals and play an integral role in structuring, underwriting and monitoring all investments involving both debt and equity transactions. Additionally, Ozargun will continue to oversee Corporate Development activities.
-
Sidley Adds Prominent Restructuring Partner Tom Califano in New York
April 28, 2021Sidley Austin LLP is pleased to announce that Tom Califano is joining the firm’s global Restructuring group. Mr. Califano will be a partner in the New York office. He joins from DLA Piper where he was the global co-chair and U.S. chair of the restructuring group.
-
Nick Bassi Joins FrontWell Capital Partners as Vice President, Underwriting and Portfolio Management
April 28, 2021FrontWell Capital Partners (“FrontWell”), a private credit fund that provides transitionary senior debt financing to middle-market companies in the United States and Canada, today announced that Nick Bassi has been appointed Vice President, Underwriting and Portfolio Management. Mr. Bassi, an industry veteran with more than two decades of asset-based lending experience in underwriting, origination and portfolio management, will be based in the firm’s Toronto headquarters.
-
Dillard’s, Inc. Amends and Extends Revolving Credit Facility
April 28, 2021Dillard’s, Inc. (DDS: NYSE) (“Dillard’s” or “the Company”) announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the Company’s liquidity needs. A $200 million expansion option remains in place. The new maturity date is April 28, 2026. The credit facility was arranged by JPMorgan Chase Bank, N.A.
-
CIT Serves as Coordinating Lead Arranger on $84 Million Financing for Texas Solar Project
April 28, 2021CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, Texas. Cutlass Solar is a utility-scale project to be built about 40 miles southwest of Houston. Its sponsor, Advanced Power, is a leader in power generation with numerous projects in the U.S., Canada and Europe.
-
IDScloud Achieves SOC 1 Type 2 Validation Ensuring Data Integrity, Security and Confidentiality
April 28, 2021IDS, a leading provider of enterprise mission-critical solutions for the secured finance industry, recently completed its annual System and Organization Controls (SOC) audit and received validation reports for SOC 1® Type 2, SOC 2® Type 2 and SOC 3®. This was conducted by a third-party validation provider over a six-month period to demonstrate ongoing effectiveness of security controls for IDS and IDScloud.
-
Rosenthal Provides $2 Million Factoring and $750,000 Purchase Order Finance Facility for Sporting Goods Importer
April 28, 2021Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a joint $2 million factoring and $750,000 inventory production finance deal for a Georgia-based importer and distributor of recreational sporting products.
-
Alleon Announces $25,000,000 Medical AR Financing Facility for Infusion Pharmacy in New Jersey
April 28, 2021The facility is secured by medical insurance accounts receivable with an advance rate of 85%. The Company is using the proceeds of the facility for working capital, a partner buyout and to facilitate its growth.
-
Siena Announces $80M in New Facilities During Q1 2021
April 28, 2021Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer our clients maximum flexibility and liquidity. We are proud to provide this overview of the financing solutions that Siena and our Siena Healthcare Finance division delivered in Q1 2021. In firm news, we made two key additions to our new business origination team, reinforcing our commitment to meeting the financing needs of clients in the Southeast and Midwest.
-
Anne Mask Joins Sallyport Commercial Finance, LLC
April 28, 2021Anne “Annie” Mask has joined Sallyport Commercial Finance, LLC’s team as a partnership associate to help better serve its referral partners and assist prospects with sound finance solutions.
-
Hilco Industrial Acquires All Machinery & Equipment from Legacy Pharmaceutical Switzerland
April 28, 2021Hilco Industrial Acquisitions, an Amsterdam-based Industrial Asset Disposition and Acquisition Company, acquired all Machinery & Equipment from the Swiss-based CMO Legacy Pharmaceuticals. After several years of expansion, the Swiss company was forced to file for bankruptcy in December 2020. After decontamination of the facility, the Cantonal Insolvency Department Basel-Land organised a liquidation sale of all assets at the end of March 2021.
-
iCleanse Announces Collaboration With CIT to Offer Low-interest Financing
April 28, 2021Cleanse www.icleanse.com, the leader in UV-C personal device disinfection, announced today that it has joined forces with CIT, a top 50 national bank, to provide low-interest financing on all iCleanse disinfection products to keep customers and staff safe from infectious pathogens. This alliance allows iCleanse to better serve its current and future customer base, who may have limited cash flow due to the year-long pandemic, making UV-C disinfection more attainable for small and large businesses alike and keeping businesses open.
-
Fifth Third Business Capital Provides New $6 Million Revolving Credit Facility for Cosmo Films, Inc.
April 28, 2021Cosmo Films is a leading manufacturer and supplier of BOPP and Specialty flexible packaging films. The Company is among top BOPP and thermal films suppliers in the world with export to more than 80 countries and is expanding its base to specialty chemicals beside flexible packaging films.
-
LSQ Provides $1.5MM Growth Capital to SC Manufacturing Business
April 28, 2021LSQ, a leading provider of technology-driven working capital solutions, announced the origination of a $1.5 million facility for a growing South Carolina manufacturing company distributing DIY products to one of the largest home improvement retailers in the U.S.
-
Farmer Bros. Co. Announces New Credit Facilities
April 27, 2021Farmer Bros. Co. (NASDAQ: FARM) (the “Company”) announced today the finalization of a new $ 127.5 million, four-year financing arrangement, which includes an $80.0 million asset-backed revolving credit facility and $47.5 million term loan due April 2025. The financing was led by Wells Fargo Bank. In accordance with the terms of the financing agreement, the proceeds may be used for general corporate purposes and the Company may prepay amounts borrowed under the asset-backed revolving credit facility at any time without premium or penalty.
-
Banking Industry Veteran Jorge Puig Joins Flatbay Capital’s Leadership Team
April 27, 2021Flatbay Capital LLC (“Flatbay”) (www.flatbaycapital.com) is pleased to announce that industry veteran, Jorge Puig (formerly at Bank of America) has joined Flatbay Capital as a Managing Partner. Jorge will join the firm’s credit committee, manage part of the business development team, and collaborate with founder Elliot Smith on expanding the firm's bank relationships.
-
SG Credit Partners Provides $2.0 Million to SaaS Marketing Analytics Company
April 27, 2021SG was able to get comfortable with the transaction due to the Company’s strong management team, blue chip customer base, enterprise value, and its supportive cap table. SG provided a $2MM senior secured facility with an interest-only period and modest amortization to payoff the bank and support the Company’s ARR growth with non-dilutive capital.
-
Triumph Business Capital Appoints Amber Roy as Chief Operating Officer
April 27, 2021Triumph Business Capital, a member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group and provider of working capital financing solutions to small and medium-sized business, announced today the appointment of Amber Roy as chief operating officer. Roy will report to its chief executive officer, Geoff Brenner.
-
Jacqueline Reyes is Promoted to Senior Vice President, BSA/AML/OFAC Officer at Peapack-Gladstone Bank
April 27, 2021Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank announce the elevation of Jacqueline Reyes to senior vice president, Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Office of Foreign Assets Control (OFAC) officer at Peapack-Gladstone Bank.
-
SierraConstellation Partners Hires Jim Peters to Lead Newly-Formed Performance Improvement Practice
April 27, 2021SierraConstellation Partners (SCP), a national interim management and advisory firm to middle-market companies in transition, has hired Jim Peters, a trusted advisor to CEOs, boards and management teams for over three decades, as a Managing Director to lead the firm’s newly-formed Performance Improvement practice.
The Secured Lender
SFNet's The Women in Secured Finance Issue
© 2026 Secured Finance Network
