- SLR Credit Solutions Agents Term Loan for The Children’s Place
- i80 Group and Brim Partner to Offer Funding-as-a-Service With $300 Million Credit Facility
- Aspen Aerogels Announces Amendment to MidCap Credit Facility
- SFNet New Member Spotlight: Cascade Credit Services, LLC
- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
TSL Express Daily Articles & News
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Otterbourg Appoints Six as Equity Members, Most in Firm’s History; Three Promoted to Counsel
Otterbourg P.C. is pleased to announce the election of six new equity members, the most the firm has ever promoted in one year. The new Shareholders are David Castleman, Pauline McTernan, Nicholas Palazzolo, Michael Regina, Michael Rich and Lena Surilov. In addition, Otterbourg has named Gabriela Leon, Michael Maizel and Michael Pantzer to counsel.
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Building a factoring or asset-based lending (ABL) platform that maximizes value and attracts capital requires more than operational success. A solid foundation that positions the business for growth, efficiency, and sustainability is crucial. Whether you're looking to secure capital through banks, non-bank lenders, or investors, here are five essential strategies to build and grow a high-performing factoring or ABL business.
TSL Express Daily Headlines & News
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SG Credit Partners Announces A Senior Debt Investment in Plastic Injection Molding Manufacturer
May 6, 2025SG Credit Partners, through its Commercial Finance division, is pleased to announce a senior debt investment in a vertically integrated, specialized, plastic injection molding contract manufacturing platform. The senior debt investment refinances an existing bank facility to provide enhanced liquidity and covenant flexibility in support of the company’s growth initiatives.
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Brian Fahrney Begins Tenure as Sidley's Executive Committee Chair
May 6, 2025Sidley is pleased to announce that Brian Fahrney has begun his tenure as the firm’s Executive Committee Chair, and that he will continue serving on Sidley’s Management Committee. Mr. Fahrney succeeds Michael Schmidtberger, who had served as Chair of the committee since January 2018, and will remain a partner in the firm’s market-leading Investment Funds practice.
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Jones Day Advises Wabtec in $2.725 Billion Credit Facility Refinancing and Expansion
May 6, 2025Jones Day represented Wabtec Corporation in connection with the refinancing and amendment and restatement of its existing delayed draw term and revolving credit facility that also refinances its separate existing $225 million term loan facility.
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Rite Aid Files for Second Bankruptcy in Two Years
May 6, 2025Rite Aid filed for bankruptcy on Monday for the second time in less than two years after a previous restructuring reduced the U.S. pharmacy chain's debt but failed to address its long-term business challenges.
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Clifford Chance Expands US Tax Practice with Executive Compensation Partner Reuven Falik in New York
May 6, 2025Clifford Chance has hired Reuven Falik as a partner in the firm's US Tax, Pensions and Employment (TPE) group, strengthening its domestic executive compensation offering. Falik will also serve as Co-Chair of the US Executive Compensation practice alongside senior counsel Howard Adler.
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Counsel Wagma Gharwal Joins Faegre Drinker’s Corporate Trust Team in Minneapolis
May 6, 2025Faegre Drinker announced today that Wagma Gharwal has joined the firm’s finance and restructuring group as counsel in the Minneapolis office. Gharwal joins from a payments and data company, where she served as director of contract strategy and management.
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First Business Bank Announces 2026 CEO Succession Plan
May 6, 2025First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) announced that Corey A. Chambas intends to retire from his role as Chief Executive Officer on May 2, 2026. The Company will name President and Chief Operating Officer David R. Seiler to succeed him as CEO effective the same date.
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CSW Industrials Renews, Extends Revolving Credit Facility and Upsizes to $700 Million
May 6, 2025CSW Industrials, Inc. (Nasdaq: CSWI) today announced the renewal and extension of its existing Revolving Credit Facility, including an increase of the Facility’s commitment from $500 million to $700 million in partnership with a group of nine banks. The renewed Revolving Credit Facility has a five-year term and now matures in May of 2030.
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After Eight Decades, Rosenthal & Rosenthal Relaunches as Rosenthal Capital Group, Relocates New York Headquarters to Park Avenue
May 6, 2025Rosenthal & Rosenthal, the leading private commercial finance firm in the United States, today announced that, going forward, the 87-year-old company will be doing business under a new moniker, Rosenthal Capital Group (RCG).
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AFS Closes a $4MM AR & Inventory Revolver Facility for a Specialty Plant-Based Food Manufacturer
May 5, 2025Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million accounts receivable and inventory revolver facility for a specialty food manufacturer focused on plant-based food products.
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Mitsubishi HC Capital America Unveils New Website to Enhance User Experience and Accessibility
May 5, 2025Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is proud to announce the launch of its newly redesigned website, aimed at providing an improved and more intuitive user experience.
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VSE Corporation Completes Refinancing of Term Loan and Revolver
May 5, 2025VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility.
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J D Factors Provides $12,560,000 Million in New Factoring Facilities to 41 New Clients
May 5, 2025J D Factors provided $12,560,000 in new factoring facilities to 41 new clients in the US and Canada during the month of April. Some of these facilities include: a $1,500,000 factoring facility for a petrochemical inspection company in Texas and a $450,000 factoring facility for a transportation company in South Carolina.
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JPalmer Collective Provides $7 MM Working Capital Line of Credit to Children’s Furnishings and Toy Company
May 5, 2025JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, today announced the closing of a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the funds to continue to innovate and expand its diverse line of parent-loved products
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MidCap Financial Closes a $40 Million Senior Secured Credit Facility to Bedrock Manufacturing Company
May 5, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC (“BMC” or the “Company”).
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Generative AI at Cornell Brings Emerging Technology To Equipment Finance
May 5, 2025In Spring 2025, members of Generative AI at Cornell partnered with QuickFi® to explore how generative AI could solve two growing operational challenges: the tedious manual verification of borrower insurance certificates, and the difficult and sometimes inconsistent background checking of vendors supplying equipment to borrowers.
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Jones Day Advises Wells Fargo on Two Credit Agreements
May 5, 2025Jones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment and restatement of a $4 billion senior unsecured revolving credit facility for Realty Income Corporation, a Maryland corporation and publicly traded real estate investment trust; AND in a $1.38 billion senior unsecured credit agreement.
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Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of Marcy Laboratories by LFM Capital
May 5, 2025Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent to support the leveraged buyout of Marcy Laboratories by LFM Capital. In addition, Abacus Finance Group made an equity co-investment in Marcy Laboratories.
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CohnReznick Brings on Assurance Partner Nocco
May 5, 2025CohnReznick today announced that Paul Nocco, CPA, has joined the firm as an assurance partner who will focus on serving clients in the Commercial Real Estate industry. Based in Denver, Nocco brings more than 25 years of experience in financial analysis and reporting, auditing, internal control policies and procedures, and strategic planning.
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High-Caliber Lenses, Digital Cameras and Other AV Assets Go to Auction May 13-15
May 5, 2025Tiger Group today announced its largest audiovisual sale so far in 2025—a three-day auction featuring more than 2,000 lots of cameras, lenses, accessories and other gear from The Camera Division.
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