- Pathward Reveals the Energy Industry’s Opportunity to Meet Market Momentum
- Elemental Royalty Announces Amended and Upsized Credit Facility to up to US$200M
- Gordon Brothers Supports Middle West Partners’ Acquisition of Paul Stuart with Strategic Financing
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Legacy Corporate Lending Appoints Dillon Lounsbury as Senior Vice President of Originations
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 Dillon Lounsbury as Senior Vice President of Originations. Mr. Lounsbury brings over a decade of lending experience to Legacy, where he will be responsible for leading the origination and structuring of new transactions in the Southeast.
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Interview with Otterbourg Attorneys: Over 100 Years of Providing Legal Expertise to the Secured Finance Industry
TSL’s editor-in-chief sat down with Otterbourg attorneys Allen Cremer, Dan Fiorillo, Pauline McTernan and Lena Surilov, to discuss the firm’s secret to success over the past 100 years, what lenders should look out for in 2025 and possible implications of the election. Based in New York City, Otterbourg represents financial institutions (including banks, asset-based lenders, hedge funds, finance companies and insurance companies) and corporations and other business enterprises.
TSL Express Daily Headlines & News
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White Oak Commercial Finance Agents $550 Million ABL Facility for Wilbur-Ellis Holdings
July 7, 2025White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced it has agented a $550 million asset-based revolving credit facility to Wilbur-Ellis Holdings II, LLC, (the “Company”) a leading privately-held family-owned company with a portfolio of businesses focused on retail, wholesale, and distribution into the North American agriculture supply chain.
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Flow Beverage Corp. Announces Funding of an Additional Tranche under its Senior Secured Convertible Loan with RI Flow LLC
July 7, 2025Flow Beverage Corp. (TSX:FLOW; OTCPK:FLWBF) (“Flow” or the “Company”) announced today that it has been advanced the amount of $2 million under the secured convertible loan (the “RI Flow Convertible Loan”) with RI Flow LLC previously announced on June 4, 2025 (“RI Flow LLC”), pursuant to which RI Flow has agreed to advance up to $6 million to the Company subject to the satisfaction of certain conditions.
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Total Bankruptcy Filings Increased 10 Percent in the First Half of 2025
July 7, 2025Total bankruptcy filings were 276,126 during the first six months of 2025, a 10 percent increase from the 251,069 total filings during the same period a year ago, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
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eCapital Welcomes Second Senior Hire to Support Supply Chain Finance Growth
July 7, 2025eCapital Corp. (“eCapital”), a leading technology-enabled provider of financing solutions for small and medium-sized businesses (SMBs) across North America and the U.K., is pleased to announce the recent appointment of David Leonard as vice president, supply chain finance, within its commercial finance division.
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GA Group Appointed to Operate Full Liquidation of Elk Home Inventory
July 7, 2025GA Group, a leading asset disposition, valuation, appraisal, and real estate services firm, today announced it has been engaged by Elk Home to manage the complete liquidation of the company's inventory as it ceases operations after over four decades in business.
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MidCap Business Credit LLC Completes $18 Million Asset-Based Credit Facility to Jordan Manufacturing Company
July 7, 2025MidCap Business Credit LLC announced today that it has completed an $18,000,000 million asset-based credit facility to Jordan Manufacturing Company, a manufacturer of outdoor seating cushions headquartered in Monticello, IN.
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Saothair Capital Partners Announces Closing of Fund II
July 7, 2025Saothair Capital Partners, LLC ("Saothair"), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, today announced the final closing of its second fund, Saothair Fund II, L.P., with $300 million in investor capital commitments, more than double the size of its predecessor inaugural fund.
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Davis Polk Elects Seven New Partners
July 7, 2025Davis Polk has announced that Jon Finelli, Ruben Henriquez, Beth LeBow, Stefani Myrick, Tierney O’Rourke, Jonah Peppiatt and Matt Yeowart have been elected partners of the firm, effective July 1, 2025.
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CNB Financial Corporation and ESSA Bancorp, Inc. Receive Bank Regulatory Approvals for Merger
July 7, 2025CNB Financial Corporation (“CNB”) (NASDAQ: CCNE) and ESSA Bancorp Inc. (“ESSA”) (NASDAQ: ESSA) are pleased to announce that they have received the necessary bank regulatory approvals to complete the proposed merger (the “Merger”) of ESSA with and into CNB and ESSA Bank & Trust (“ESSA Bank”) with and into CNB Bank (“CNB Bank”).
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Greenberg Traurig Continues Growth in Texas, Adds Private Equity Shareholder Sidney Nunez in Houston
July 7, 2025Global law firm Greenberg Traurig, LLP continues the strategic expansion of its Private Equity Practice with the addition of Sidney Nunez as a shareholder in the Houston office. Nunez joins the firm from Willkie Farr & Gallagher, where he served as a partner.
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IFC Commits $50 Million to Victory Park Capital to Expand SME Financing in Emerging Markets
July 7, 2025The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $50 million follow-on investment in Victory Park Capital Investor Fund W, LP (the “Fund”), reinforcing its commitment to financial inclusion and economic resilience in Emerging Markets.
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KCP Advisory Group Welcomes Marjorie Kaufman as Senior Managing Director
July 7, 2025KCP Advisory Group proudly announces that Marjorie “Margie” Kaufman has joined the firm as a Senior Managing Director, bringing decades of experience in restructuring, turnaround, and interim management to KCP.
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OSI Systems Upsizes and Extends Credit Facility
July 2, 2025OSI Systems, Inc. (NASDAQ: OSIS) (the “Company” or “OSI Systems”) today announced the successful expansion and extension of its senior secured credit facility, increasing the total borrowing capacity from $750 million to $825 million. The facility is comprised of a $725 million revolving credit facility and a $100 million term loan.
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Regal Cineworld Successfully Completes Term Loan Repricing
July 2, 2025Regal Cineworld Group, ("Regal" or the "Company"), a leading global theatre operator, today announced the successful completion of a repricing of its $1.9 billion term loan facility.
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B&G Foods Announces Credit Agreement Amendment
July 2, 2025B&G Foods, Inc. (NYSE: BGS) announced today that it has completed an amendment to its senior secured credit facility. The amendment temporarily increases the maximum consolidated leverage ratio permitted under its revolving credit facility, decreases the size of its revolving credit facility and modifies certain other terms and conditions.
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TAB Bank Provides $2.5 Million Factoring Facility for Ryan Transportation
July 2, 2025TAB Bank has provided a $2.5 million factoring facility to Ryan Transportation, Inc., a Livonia, Michigan-based truckload transportation provider. The facility will strengthen cash flow and working capital, enabling Ryan Transportation to maintain its reputation for providing personal service that exceeds customer expectations.
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Quickpay Funding Provides $500,000 Factoring Facility for Texas Commercial HVAC Company
July 2, 2025Quickpay Funding has established a $500,000 invoice factoring facility for a leading commercial HVAC company based in South Texas. This new facility provides the essential cash flow they need to manage large-scale commercial projects and keep up with growing demand.
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Solifi Acquires Lease and Loan Management Technology Company Leasepath
July 2, 2025Solifi, a global SaaS leader for secured finance, announced the acquisition of Leasepath, a leading middle-market provider of global equipment finance loan and lease management technology.
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B. Riley Securities Acted as Sole Bookrunner in Bit Digital $172.5 Million Follow-On Offering Supporting Staked ETH Treasury Strategy
July 2, 2025B. Riley Securities, Inc. ("BRS"), a leading middle market investment bank, acted as sole bookrunner in a $172.5 million follow-on offering for Bit Digital, Inc. (Nasdaq: BTBT).
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Del Monte Foods Enters Chapter 11 Bankruptcy, Seeks Buyer
July 2, 2025Del Monte Foods, owned since 2014 by Singapore and Philippines-listed Del Monte Pacific, has secured a commitment from its lenders for $912.5m in debtor-in-possession financing to keep the business going while a potential suitor is sought. It includes $165m in new funding, which is subject to court approval.
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