- Ares Raises $12.7 Billion to Invest in Asset-Based Finance Through the Pathfinder Closed-End Strategy
- Truist Names Lindsey Stampone as Regional President for Pennsylvania and New Jersey
- Market Sizing Study
- Womble Expands Real Estate Practice with New Partner in Phoenix
- Leading Securities Litigator Paul Rugani Joins Jones Day as Partner in Irvine
TSL Express Daily Articles & News
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ORIX Corporation USA (“ORIX USA”) and Hilco Global, a diversified global financial services firm headquartered outside of Chicago, IL, today announced that they have entered into a definitive agreement (the “Agreement”) under which ORIX USA will acquire a majority equity ownership of Hilco Global. The proposed transaction will accelerate ORIX USA’s growth by adding Hilco Global’s extensive valuation expertise, advisory platform, and asset-based lending investment capabilities to complement and expand ORIX USA’s middle-market focused credit platform.
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The following is an overview of the Lending on Inventory to Cross-Border Business, held May 13 during SFNet’s International Lending Conference in London. David Morse, partner, Otterbourg P.C. moderated. Panelists included: John Boxall, Managing Director, Hilco Valuation Services Europe; Christopher M. Chubb, Partner, Mayer Brown International LLP; Elena Egorova, Head of Operations, DRUM Advisory; and Frank Husken, Managing Director, Finterface.
TSL Express Daily Headlines & News
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Standard Premium Secures $115 Million Credit Agreement to Drive Continued Growth
October 2, 2025Standard Premium Finance Holdings, Inc. (OTCQX: SPFX) (Standard Premium), a leading specialty finance company, today announced the closing of a revolving credit facility providing up to $115 million in borrowing capacity, incorporating an initial commitment of $75 million and an additional $40 million accordion feature.
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Calian Renews and Expands its Debt Agreement
October 2, 2025Calian® Group Ltd. (TSX:CGY), a mission critical solutions company focused on defence, space, healthcare and other strategic critical infrastructure sectors, today announced the closing of a CDN$200 million debt facility with Royal Bank of Canada (“RBC”) as lead arranger, sole bookrunner, and administrative agent, Fédération des Caisses Desjardins du Québec (“Desjardins”), Canadian Imperial Bank of Commerce (“CIBC”), JP Morgan Chase Bank, N.A. (“JP Morgan”) and Export Development Canada (“EDC”).
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SouthStar Capital Provides $4 Million Purchase Order and Accounts Receivable Facility to Support Growth in HVAC Sector
October 2, 2025SouthStar Capital is pleased to announce the funding of a $4 million Purchase Order and Accounts Receivable Financing facility for a newly formed subsidiary of a publicly traded energy company that is expanding into the HVAC installation sector.
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Bally’s Corporation Announces Increase to Its Revolving Credit Facility Commitments
October 1, 2025Bally’s Corporation (the “Company” or “Bally’s”) (BALY: NYSE) announced today that it secured additional commitments to the extended maturity tranche to increase to $510 million of its revolving credit facility (“RCF”) commitments due October 1, 2028.
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Verano Secures US $75,000,000 Revolving Credit Facility
October 1, 2025Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the closing of a credit agreement agented by Chicago Atlantic Admin, LLC, with participation from a regional bank, to provide the Company a revolving credit facility (the “Revolver”) of US $75,000,000.
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LiftHigh Crane & Rigging Secures Revolving Credit Facility with Cadence Bank
October 1, 2025LiftHigh Crane & Rigging, LLC ("LiftHigh") announced today that it has secured a revolving credit facility with Cadence Bank. This new financing provides additional liquidity and marks a significant milestone in the company's continued growth and expansion.
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SFNet New Member Spotlight: Jobe Services, Inc.
October 1, 2025Since 1995, Jobe tailors fast, fair and flexible cash flow solutions to the needs of small and medium-sized businesses.
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Former CFTC Enforcement Director Brian Young joins Jones Day as Partner in Financial Markets Practice
October 1, 2025The global law firm Jones Day announced today that Brian Young has joined the Firm as a Partner in its Financial Markets Practice. He is based in the Firm’s Washington Office. Mr. Young was most recently the Director of the Division of Enforcement at the Commodity Futures Trading Commission (CFTC), where he was responsible for leading the CFTC’s efforts to investigate and prosecute alleged violations of the Commodity Exchange Act and Commission regulations, and was previously the Director of the CFTC’s Whistleblower Office.
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Tiger Group Auction Features Large Mix of Truck Tractors and Trailers
October 1, 2025A timed online auction by Tiger Group on October 9 features more than 45 excess chemical fleet truck tractors and trailers in 14 states, including 27 Freightliner assets in operation for less than a decade.
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Deerpath Capital Closes 16th Collateralized Loan Obligation
October 1, 2025Deerpath Capital Management, LP ("Deerpath"), one of the largest private credit managers in the U.S. lower-middle market, today announced the closing of Deerpath CLO 2025-1, a $653.50 million collateralized loan obligation (CLO).
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Spirit Airlines Announces Significant Progress Toward a Successful Restructuring
October 1, 2025Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), continues to advance the Company's transformation to position the airline for the future. At a hearing today before the U.S. Bankruptcy Court for the Southern District of New York (the "Court"), Spirit announced significant progress in its ongoing Chapter 11 restructuring.
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First Citizens Appoints New Leadership in South Carolina and Georgia
October 1, 2025First Citizens Bank has named two new Area Executives in South Carolina and Georgia. Justin Rice will oversee the South Carolina Lowcountry region, as well as Savannah, Ga., and JP Connell will be responsible for the Charleston, South Carolina region and surrounding area. Both will lead business, commercial and branch banking operations, serving clients and managing teams in their respective regions.
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Newtek Merchant Solutions Obtains Term Facility and Line of Credit from Goldman Sachs Alternatives
October 1, 2025NewtekOne, Inc. (“NewtekOne” or “Company”) (NASDAQ: NEWT) announced that its wholly owned subsidiary, Newtek Merchant Solutions, LLC (“NMS”), has refinanced its term debt facility and revolving line of credit.
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Attain Finance Enters into New $130 Million Credit Facility
October 1, 2025Attain Finance (“Attain” or the “Company”), a leading consumer finance company, today announced it has entered into a new $130 million, two-year senior revolving credit agreement, led by Citizens Bank. The agreement is part of a broader $150 million revolving credit facility, with the remaining $20 million junior portion expected to be completed at a later date.
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Aequum Capital Provides $8 Million Senior Secured Credit Facility to Ohio-Based Manufacturer
October 1, 2025Aequum Capital is pleased to announce the closing of an $8 million senior secured credit facility to support the acquisition of an established Ohio-based manufacturer.
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Amerisource Business Capital Closes $3,000,000 Working Capital Facility for Transportation & Cargo Company
October 1, 2025Amerisource Business Capital announced the closing and funding of a $3,000,000 working capital facility for a North Dakota-based transportation and cargo company. The proceeds were used to provide working capital after the company’s previous lender imposed restrictive availability, limiting growth and operational flexibility.
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Oxford Finance Strengthens ABL Platform with Appointment of Brock Johnson to Lead Underwriting
October 1, 2025Oxford Finance LLC (“Oxford” or the “Company”), a leading specialty finance firm, is pleased to announce the appointment of Brock Johnson to lead Underwriting for its newly created Asset Based Lending (“ABL”) division.
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Siena Lending Group LLC Provides a Revolving Credit Facility For Connoisseur Media
September 30, 2025Siena Lending Group LLC (“Siena”), a leading provider of asset-based lending solutions, is pleased to announce the closing of a new senior secured revolving credit facility for Connoisseur Media (“the Company”).
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Celtic Capital Corporation Provides $1 Million AR Line of Credit for Pacific Northwest-Based Business
September 30, 2025Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest-based moving, storage, warehousing and transportation business. This long-time family business was seeking a new line of credit to replace its current bank as due to covenant violations, was being asked out.
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Advantage Business Capital Welcomes Mike Fussell, SVP ABL, Southeast Region
September 30, 2025Advantage Business Capital welcomes Mike Fussell to their growing team. Fussell will be focused on $1MM to $15MM asset-based loans in the southeast region, with main focuses in Florida, Georgia and the Carolinas.
The Secured Lender
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