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- Legacy Corporate Lending Bolsters Leadership Team with Addition of Jeffrey Seiden as Executive Vice President
TSL Express Daily Articles & News
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Today's Top Story
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Siena Lending Group Announces Leadership Transition Plan
Siena Lending Group LLC ("Siena" or the "Company") announced today that after highly distinguished careers within the commercial finance industry, Chief Executive Officer (CEO) Dave Grende and Chief Risk Officer (CRO) Steven Sanicola will retire effective February 16, 2025. Both Grende and Sanicola will remain active in Siena’s business, taking on the role of Senior Advisors.
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The Evolution and Impact of Factoring Services Amidst Global Supply Chain Disruptions
In recent years, global supply chains have faced unprecedented challenges, from pandemic-induced disruptions to geopolitical tensions and economic uncertainties. As businesses grapple with these issues, factoring has emerged as a critical solution for managing cash flow and mitigating risks. SFNet members provide insight into how factoring has evolved, its impact on the supply chain, and real-world examples of its effectiveness.
TSL Express Daily Headlines & News
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SLR Credit Solutions Announces Promotion and New Employees
April 8, 2025SLR Credit Solutions (“SLR CS”), a leading provider of direct private credit solutions for middle market businesses, is pleased to announce the following promotion and new hires to its team. These individuals will be key contributors to the organization allowing our business to deliver innovative secured debt financings across a wide range of industries including consumer/retail, business services, specialty finance, and industrials.
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Sprout Social Extends Credit Agreement to 2030
April 7, 2025Sprout Social, Inc. (SPT), a prepackaged software services company with a market capitalization of $1.15 billion and impressive revenue growth of 22% over the last twelve months, has amended its credit agreement, extending the maturity date and revising the interest rate determination method, according to a recent SEC filing.
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Neogen® Announces Refinancing of Term Loan and Revolving Credit Facility
April 7, 2025Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced today the successful refinancing of the remaining $550 million principal of its original $650 million term loan, as well as its revolving credit facility, due in August 2027.
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Republic Business Credit Accelerates the Growth of Natural Beauty Brand with a $2,500,000 Factoring Facility
April 7, 2025When a growing, women-owned natural beauty and cosmetics manufacturer wanted to accelerate its growth, it partnered with Republic Business Credit to reach its strategic goals. Republic provided a $2,500,000 factoring facility that refinanced its incumbent lender’s loan while providing more than $1,000,000 in additional liquidity from the manufacturer’s working capital.
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AFS Closes a $6MM Facility for a Domestic and International Mail Service Provider
April 7, 2025Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $6 million asset-based lending (ABL) facility for an industry leading, full service domestic and international mail service provider. The facility includes an accounts receivable revolver and a term loan secured by equipment.
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Holland & Knight Adds Team of Maritime Finance Attorneys Led by Mike Timpone in New York
April 7, 2025Holland & Knight has significantly strengthened its leading Asset Finance Group with the addition of Mike Timpone, Kurt Plankl and Sophia Agathis as partners and Nicholas Kaasik as senior counsel in New York. They are joined by four associates.
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Mayer Brown Continues Growth of Leading Structured Finance Practice in Chicago and New York With Finance Duo From Kirkland & Ellis
April 7, 2025Mayer Brown continues to expand its complex structured financing capabilities with the addition of two lawyers—Rudgee S. Charles and Jeff O'Connor—who have joined the firm’s Banking & Finance practice. Rudgee joins the firm’s New York office as a partner. Jeff joins the firm’s Chicago office, bringing decades of securitization experience.
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Rand Logistics Completes $525 Million Refinancing to Support Strategic Growth
April 7, 2025Rand Logistics, Inc. ("Rand"), a leading provider of marine bulk freight shipping and logistics services throughout the Great Lakes region, today announced the successful completion of a $525 million credit facility through its subsidiary, Rand ASC Holdings LLC.
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Goodpeak Begins Construction on Ercot Battery Storage Projects After Securing Construction Debt Financing
April 7, 2025GoodPeak, a rapidly growing utility-scale battery energy storage and solar platform, announced today the closing of construction credit facilities with Pathward®, N.A. and BridgePeak Energy Capital, enabling commencement of construction of its first two 10-MW (2-hour duration) energy storage projects near Houston, Texas.
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Sallyport Commercial Finance Provides $500,000 for a Meat Processor
April 7, 2025Sallyport Commercial Finance announced it has provided $500,000 in accounts receivable financing for a growing for a meat processor meat processing company, empowering them with the working capital required to navigate challenges and continue expanding their operations.
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MidCap Business Credit LLC Completes a $30 Million Asset-Based Credit Facility to Presrite Corporation
April 7, 2025MidCap Business Credit LLC announced today that it has completed a $30,000,000 million asset-based credit facility to Presrite Corporation. The Business was established in 1971 and is headquartered in Cleveland, Ohio. Presrite manufactures closed-die carbon and alloy steel forgings (bearings, crankshafts, gears, drivetrains, and drilling components) for the agricultural, construction, energy, and transportation markets.
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Canal Road Group Secures $250 Million Credit Facility from Sumitomo Mitsui Banking Corp for Private Corporate Lending Strategy
April 7, 2025Canal Road Group, LLC (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG's private credit portfolio and complements a similar $250 million facility secured from Wells Fargo in Fall 2024. The additional financing capabilities put the firm's investment capacity at $1.5 billion supporting CRG's private corporate lending strategy which predominantly targets 1st L
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J D Factors Provides $11,075,000 in New Factoring Facilities
April 7, 2025J D Factors provided $11,075,000 in new factoring facilities to 39 new clients in the US and Canada during the month of March.
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Credit Funds Lawyer Susan Burkhardt Joins Kirkland & Ellis
April 7, 2025Kirkland & Ellis announced today that Susan Burkhardt has joined the Firm as a partner in the Investment Funds Practice Group and will focus on credit funds.
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J D Factors Provides $11,075,000 in New Factoring Facilities
April 7, 2025J D Factors provided $11,075,000 in new factoring facilities to 39 new clients in the US and Canada during the month of March.
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Libertas Funding Secures Inaugural $75 Million Investment Grade Corporate Note
April 7, 2025Libertas Funding (Libertas), a growth capital provider specializing in sophisticated financial solutions for small to medium-sized businesses, today announced the successful closing of $75 million investment-grade corporate note financing. The proceeds from this transaction will be used for liquidity and working capital purposes.
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Fora Financial Extends, Upsizes $26 Million Investment-Grade Corporate Note Issuance
April 7, 2025Fora Financial, a leading provider of flexible financing to small and medium-sized businesses, today announced the closing of $16 million in new unsecured corporate notes, rated investment grade by Egan-Jones Ratings Company. Brean Capital, LLC served as the company's exclusive financial advisor and sole placement agent.
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Hogan Lovells Advises the Government of The Bahamas on landmark Energy Deals to Bring Cleaner and More Affordable Power to The Bahamas
April 7, 2025Hogan Lovells is proud to announce its role in advising the Government of The Bahamas on a series of significant energy transactions aimed at enhancing power generation and energy sustainability across the islands. These agreements, designed to provide dependable, cleaner, and more affordable energy, will introduce liquefied natural gas (LNG) and renewable solar energy into the country's energy infrastructure.
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Madison Street Capital Arranges Credit Facility for Barrier Fencing Supply Company
April 7, 2025International investment banking firm Madison Street Capital (MSC) acted as the exclusive financial advisor to Barrier Fencing Supply Company (BFS) in connection with its credit facility from Corporate Trust Fund. The capital will support the acceleration of BFS's growth strategy.
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eCapital Welcomes New SVP, Business Development Officer Michael Conrad to ABL Group
April 7, 2025eCapital Corp. (“eCapital”), a leading tech-enabled finance provider delivering custom solutions to businesses across North America and the United Kingdom, is pleased to announce the appointment of Michael Conrad as Senior Vice President, Business Development Officer within its Asset-based Lending (ABL) Group. Operating out of Charlotte, North Carolina, Conrad brings over two decades of experience in commercial finance and a strong network across the East Coast to the eCapital team.
The Secured Lender
SFNet's The 81st Annual Convention Issue

