TSL Express Daily Articles & News
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M&A Market Set to Broaden as Confidence Surges
After a year of economic uncertainty and headline-grabbing megadeals, Citizens’ 15th annual M&A Outlook points to a broader U.S. dealmaking landscape in 2026. Optimism among leaders at U.S. middle market companies and private equity firms has hit a six-year high, with 58% calling the current mergers and acquisitions environment strong.
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Receivables Purchase and Asset-Based Lending: Insights from First Brands
When a borrower layers factoring, supply chain finance, securitization, and ABL into a single capital stack, the risks multiply fast. Considered in light of the First Brands bankruptcy, David W. Morse unpacks how receivables purchase facilities can collide with asset-based lending—and what lenders should be doing in their documents and monitoring to better catch the next double-pledge disaster.
TSL Express Daily Headlines & News
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H.I.G. Capital Announces Closing of Oversubscribed European Lower Middle Market Private Equity Fund
January 15, 2026H.I.G. Capital ("H.I.G." or the "Firm"), a leading global alternative asset management firm with $74 billion of capital under management, today announced the final closing of H.I.G. Europe Capital Partners IV ("Fund IV") with aggregate capital commitments of €1.6 billion.
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Jarrad Herzog Joins Eastern Bank As Senior Vice President, Asset-Based Lending Relationship Manager
January 15, 2026Eastern Bank is pleased to welcome Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Mr. Herzog brings more than a decade of experience financing middle market companies through a variety of lending solutions, including Commercial & Industrial and Asset-Based Lending.
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Eastern Bank Announces Owen Security Solutions As A Commercial Banking Customer
January 15, 2026Eastern Bank is pleased to announce Owen Security Solutions, Inc. (“Owen Security”) as a new commercial banking customer. Founded in 1973, Owen Security provides comprehensive security alarm, fire protection and smart video monitoring solutions for residential, commercial, industrial, government and small business customers.
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Haynes Boone Launches Venezuela Energy and Infrastructure Taskforce
January 15, 2026In the wake of the arrest of Venezuelan President Nicolás Maduro and the potential for consequential shifts in Venezuela’s oil and gas sector, Haynes Boone has formed a Venezuela Energy and Infrastructure Taskforce, a multidisciplinary and multinational team of seasoned oil and gas, transactional, finance and dispute-resolution lawyers advising global clients on the rapidly evolving legal and commercial landscape.
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SFNet Opens Registration for March 3 Event Featuring Blue-Ribbon Fraud Task Force Findings
January 15, 2026With a focus on the evolving relationship between different forms of asset-based and supply chain finance, Secured Finance Network (SFNet) will host an event on March 3, 2026, in New York City, convening industry professionals for an afternoon of insight, education, and high-impact networking.
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Pathlight Capital Serves as Administrative Agent on $415,000,000 Senior Secured Credit Facility for SelectQuote, Inc.
January 14, 2026Pathlight Capital LP ("Pathlight" or "Pathlight Capital") today announced that it is serving as the Administrative Agent on a $415 million senior secured credit facility for SelectQuote, Inc. ("SelectQuote," "SLQT" or the "Company"), a distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform.
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Kikin Financial Announces $20 Million Debt Facility to Power Growth of UK Business
January 14, 2026Kikin Financial, the UK-based fintech lending platform for SMEs, today announced it has secured initial funding through Percent's platform, with capacity to access up to $20 million as Kikin scales. The funds will be used to provide flexible credit to some of the UK’s most exciting consumer businesses.
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Republic Business Credit Celebrates 15th Anniversary of Client-Focused Growth
January 14, 2026Republic Business Credit announced the start of its 15th anniversary year, underscoring a decade and a half of strategic leadership and growth in partnership with our clients. Founded in 2011 by entrepreneurs for entrepreneurs, the company was built on the belief that direct access to capital should be flexible, transparent, and most importantly, relationship-driven.
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Essex Capital Group Closes $1.25 Million Bridge Facility for a Specialty Contract Manufacturer
January 14, 2026Essex Capital Group recently closed a $1.25 million bridge facility in just 3 days for a specialty contract manufacturer that had secured a substantial sales order. The company lacked the liquidity on its balance sheet to purchase the raw materials required to fulfill the order.
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First Business Bank's Asset-Bank Lending Team Funds $7 Million Credit Facilty For Refinance In Hawaii
January 14, 2026First Business Bank's Asset-Based Lending team announces a recently closed and funded $7 million credit facility to refinance existing debt and provide working capital for an established food distributor in Hawaii.
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MONTICELLOAM, LLC Finances $107MM For Skilled Nursing Portfolio in Florida
January 14, 2026MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, provided $107,000,000 in combined bridge and working capital financing to a four-facility skilled nursing portfolio in Florida.
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Ares Raises Over $7 Billion for Leading Credit Secondaries Strategy
January 14, 2026Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $7.1 billion of capital for its Credit Secondaries strategy, inclusive of the final closing of its inaugural Ares Credit Secondaries Fund (“ACS” or the “Fund”), affiliated vehicles and anticipated leverage.
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Saks Global Secures $1.75 Billion of Committed Capital and Announces Return of Industry Veterans to Advance Transformation of Iconic Luxury Portfolio
January 14, 2026Saks Global Holdings LLC ("Saks Global" or the "Company"), a leading luxury retail company, today announced a transformative financial transaction. The Company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the Company's senior secured bondholders (the "Ad Hoc Group") and approximately $240 million of incremental liquidity from the Company's asset-based lenders.
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Positive Development Secures $45 Million Growth Facility to Expand Access to Developmental Therapy and Autism Diagnostics Nationwide
January 14, 2026Positive Development, the nation’s leading provider of developmental therapy for autistic children and their families, today announced the closing of a debt financing facility for up to $45 million provided by Silicon Valley Bank (SVB), a division of First Citizens Bank, and Pinegrove Venture Partners (Pinegrove).
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KORE Capital Supports Small Business Owner with Flexible Working Capital Solution to Drive New Growth
January 14, 2026KORE Capital Corporation, a leading provider of accounts receivable– based working capital solutions, announced today that in Q4 2025 it closed a new financing facility to support the growth of a small business owner who sought greater flexibility and capacity than their existing senior credit relationship allowed.
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Mitsubishi HC Capital America Closes $80 Million in Strategic Co-Lending Deals, Including Cross-Border Transaction with Canada
January 13, 2026Mitsubishi HC Capital America, a leading provider of financing and asset solutions that span North America, has successfully closed four co-lending transactions totaling $80 million. These deals underscore the strength of the company’s Business Finance team and its ability to deliver flexible, tailored capital solutions through strategic partnerships with leading financial institutions and companies.
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Sidley Continues Global Finance Group Growth With Partner Ji Hye You in New York
January 13, 2026Sidley is pleased to announce that Ji Hye You has joined the firm’s Global Finance group as a partner in Sidley’s office in New York. She was previously a Private Credit Group partner at Proskauer Rose.
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Pelthos Therapeutics Secures Up to $50 Million Senior Secured Term Loan Facility from Horizon Technology Finance
January 13, 2026Pelthos Therapeutics Inc. (NYSE American: PTHS), a biopharmaceutical company committed to commercializing innovative therapeutic products for unmet patient needs (“Pelthos”), today announced it has secured financing from Horizon Technology Finance Corporation (“Horizon”) (NASDAQ: HRZN), an affiliate of Monroe Capital, with an initial funding of $30 million, and up to $20 million to support future growth.
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Fortress Investment Group Leads $150 Million Senior Secured Term Loan for Leisure Time Products
January 13, 2026Fortress Investment Group today announced that funds managed by its affiliates (“Fortress”) have provided a $150 million senior secured term loan to Leisure Time Products.
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Saks Global Nearing $1.75 Billion Financing Plan Ahead of Bankruptcy Filing
January 13, 2026The financing would provide an immediate cash infusion of $1 billion through a debtor-in-possession loan from an investor group led by Pentwater Capital Management and Bracebridge Capital, Reuters reported.
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SFNet's The Year Ahead Issue
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