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TSL Express Daily Articles & News
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First Bank Names Donna Calderaro as Market Executive for Asset-Based Lending
First Bank is pleased to announce the appointment of Donna Calderaro as Market Executive for its Asset-Based Lending (ABL) business. In this role, she will report to Michael Maiorino, President of ABL and Florida Commercial Banking.
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Is Your ABL Collateral Covered? Why Action and Close Monitoring Are More Critical Now Than Ever Before
As the market grapples with increased restructurings and rising bankruptcy costs, asset-based lenders face significant risks if they fail to understand the true position of their collateral within a timely manner. Across industries, asset values are declining rapidly. This necessitates more active and frequent collateral and borrowing-base monitoring. This article explores the challenges and evolving trends across asset classes and the implications for asset-based lenders.
TSL Express Daily Headlines & News
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Alleon Healthcare Capital Provides a $3,000,000 Medical Accounts Receivable Financing Facility to a Georgia Based Post-Acute Care Medical Staffing Company
June 11, 2025Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $3,000,000 medical accounts receivable financing facility with a post-acute care medical staffing company based in Georgia. (“Company”).
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Star Mountain Capital Appoints Curtis Glovier as Chief Investment Officer
June 11, 2025Star Mountain Capital, LLC ("Star Mountain"), a specialized, alpha-focused, employee-owned, private markets investment firm with over $4 billion in assets under management (“AUM”), is pleased to announce the promotion of Curtis Glovier to Chief Investment Officer. Mr. Glovier has been working with the Star Mountain team for over five years, most recently as Strategic Investment & Portfolio Officer.
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Churchill Asset Management Raises $1.5 Billion for Co-Investment Fund II
June 11, 2025-Churchill Asset Management LLC, an investment-specialist of Nuveen, today announced the final close of Churchill Co-Investment Fund II (the “Fund”) with $1.5 billion in limited partner commitments. The oversubscribed fund, which seeks to generate superior risk-adjusted returns through equity co-investments alongside private equity sponsors in U.S. middle market businesses, reached its hard cap and is nearly 3.5x the size of its predecessor fund.
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Monroe Capital Supports Growth of ATTOM Data Solutions
June 11, 2025Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of ATTOM Data Solutions (“ATTOM”), a portfolio company of Lovell Minnick Partners
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Soltage Secures $260 Million Construction and Term Debt Facility to Accelerate Clean Energy Deployment
June 11, 2025Soltage, a leading independent power producer (IPP) specializing in the development, financing, and operation of distributed utility-scale solar and energy storage assets, today announced the closing of a $260 million construction and term debt financing facility.
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Corporate Strategies Merchant Bankers Announces $200 Million Debt Financing and $65 Million Recapitalization for Leading U.S. Industrial Construction Firm
June 11, 2025Corporate Strategies LLC (www.CSBankers.com) is pleased to announce the successful completion of a $200 million debt financing and $65 million recapitalization for one of the nation's oldest and largest full-service, multi-discipline industrial construction, fabrication, and maintenance firms. The financing consisted of a $25 million bank funded accounts receivable revolver and $175 Million in private lender funded term loans.
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SouthStar Capital Supports Growth of Nurse-Led Healthcare Staffing Company with $1 Million Factoring Facility
June 11, 2025SouthStar Capital, LLC is proud to announce the funding of a $1 million Invoice Factoring Facility for a nurse-owned and operated healthcare staffing company committed to supporting facilities facing unsafe staffing ratios.
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Phoenix Aviation Capital and AIP Capital Announce Closing of $300m Senior Secured Credit Facility
June 11, 2025Phoenix Aviation Capital ("Phoenix" or "the Company"), a full-service aircraft lessor managed by AIP Capital ("AIP") and a portfolio company of funds advised or controlled by affiliates of BC Partners Advisors L.P. announced the closing of a $300 million senior secured credit facility ("the facility").
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Stellus Capital Management, LLC Provides Unitranche Financing In Support Of Angeles Equity Partners' Acquisition of Solid Surface Care Holdings, Inc.
June 10, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Angeles Equity Partners, LLC ("AEP") acquisition of Solid Surface Care Holdings, Inc. ("SOLID" or the "Company"), a leading national provider of specialty maintenance and restoration services that enhance the appearance, ensure the durability, and extend the longevity of commercial surfaces.
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Siena Lending Group Announces the Closing of a C$15.7 Million Credit Facility for Arkon Solutions Corp.
June 10, 2025Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a C$15.7 million credit facility to support the refinancing and working capital for growth of Arkon Solutions Corp. (“Arkon”). Arkon, an Alberta, Canada based company, is an innovative, integrity focused manufacturer of chemical solutions that thrives on transforming complex problems into chemical solutions.
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Tiger Finance Provides $35 Million in Funding for The Beachbody Co.
June 10, 2025Tiger Capital Group’s lending platform, Tiger Finance, has provided $35 million in financing to The Beachbody Company, Inc. (NYSE:BODI), a leading fitness and nutrition company. SG Credit Partners participated with Tiger in the funding package, which included an immediate $25 million term loan, as well as a $10 million uncommitted accordion.
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Armory Securities, LLC Serves as the Exclusive Financial Advisor to Human Active Technology, LLC
June 10, 2025Armory Securities, LLC is pleased to announce that Human Active Technology, LLC, a Pennsylvania-based Corporation (dba as “HAT”) has been recapitalized by Corbel Capital Partners. The transaction closed in April 2025 and Armory served as the exclusive financial advisor to HAT for the transaction.
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Frost Brown Todd Strengthens Private Equity & Venture Practice with Addition of Partner Ryan Tharp in Denver
June 10, 2025Frost Brown Todd (FBT) has added Ryan Tharp as Partner in its Private Equity & Venture practice in Denver. Tharp joins FBT with deep experience in partnership and corporate tax matters, mergers and acquisitions (M&A), private placements, corporate governance, and commercial issues, allowing him to provide comprehensive, business-focused legal guidance across a wide range of transactions.
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Sallyport Commercial Finance Provides $1M Funding to Fuel Agri-Business Growth Across Borders
June 10, 2025Sallyport Commercial Finance is pleased to announce a new partnership with a Canadian agriculture business, providing a $1,000,000 accounts receivable facility to support seasonal cash flow needs and fuel strategic growth.
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PlainsCapital Bank Welcomes Cullen Seitz to Austin Lending Team
June 10, 2025PlainsCapital Bank is pleased to announce that Cullen Seitz has joined its Austin lending team as Senior Vice President, Senior Commercial Loan Officer. He will be based at the Bank’s Downtown Austin location at 201 West Fifth St., Suite 100.
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Golub Capital Marks Five Years in Europe with Continued Expansion
June 10, 2025Today, Golub Capital marked the five-year anniversary of its London office by announcing an expansion in its European direct lending strategy, a new and expanded London office location and record-breaking results.
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KBRA Releases Research – Private Credit: Business Development Company (BDC) Ratings Compendium: First-Quarter 2025
June 10, 2025KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended March 31, 2025.
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Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A. and West Texas National Bank to Syndicate
June 10, 2025Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger.
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Horizon Technology Finance Appoints Paul Seitz as Chief Investment Officer
June 10, 2025Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or “HRZN”) (the “Company”), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it has appointed Paul Seitz as its new Chief Investment Officer.
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Cornerstone Business Credit Funds $300,000 Line of Credit to a Medical Transportation Company
June 10, 2025Cornerstone Business Credit is pleased to announce it recently funded a $300,000 line of credit to a medical transportation company. This long-standing business recently encountered strained cash flow and traditional bank financing was not an option.
The Secured Lender
SFNet's The 81st Annual Convention Issue
