TSL Express Daily Articles & News

At Elevex Capital, our mission is to elevate the equipment financing industry and enhance capital efficiency by combining technology, market-making, and asset expertise with innovative payment solutions.

TCW Steel City (“Steel City”) today announced it served as lead arranger and administrative agent for the recapitalization of Lone Peak Dental Group (“Lone Peak”). Headquartered in Englewood, Colorado, Lone Peak is a Dental Partnership Organization, with more than 75 offices across 14 states. The Steel City-led financing was $170 million, which included a term loan, revolver and delayed draw term loan to support future acquisitions.

The 1663 Subchapter V elections within Chapter 11 during the first six months of 2026 represented a 50% increase over the 1107 filings recorded during the same period a year ago, according to data provided by Epiq AACER, the leading provider of US bankruptcy filing data.

Sage, the integrated care platform built for senior living and skilled nursing, today announced a $35 million specialized debt facility provided by Stifel Bank. The financing will scale Sage's Hardware-as-a-Service (HaaS) initiative, helping senior living communities and skilled nursing facilities modernize aging infrastructure without requiring large upfront capital investments.

Citizens Financial Group (NYSE: CFG) today announced that Brendan Coughlin, President of Citizens, has assumed oversight of Commercial Banking, adding to a portfolio that already includes the bank’s Consumer Banking, Private Bank, and Wealth businesses as well as several enterprise functions. Ted Swimmer, Head of Commercial Banking and a member of Citizens’ Executive Committee since 2018, will report to Coughlin and continue to lead that business.

Funds managed by Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL), a leading alternative asset manager, today announced the launch of Kirkwood Infrastructure Group ("Kirkwood IG"), a wholly owned developer and operator of next-generation communications infrastructure supporting the continued digital transformation of the United States.

Today, Atlas Grove Management announced court approval and funding of a $150 million debtor-in-possession ("DIP") facility to the Harvest Sherwood Food Distributors' bankruptcy estate. Atlas Grove is also the "stalking horse" for the exit funding process of Harvest, which was the largest independent wholesale food distributor in the United States before ceasing operations in April 2025 and filing for chapter 11 bankruptcy protection the following month.

AlixPartners, the global consulting firm, today announced the appointment of Tamara Olsen to the newly created position of Global Head of Innovation. In this role, Tamara will report directly to the Co-CEOs, David Garfield and Rob Hornby, and serve as a member of AlixPartners' Global Executive Leadership team.

Mountain Ridge Capital ("MRC") (www.mountainridgecap.com), an asset-based commercial finance company is pleased to announce the successful oversubscribed upsize of its asset-based lending (ABL) facility, from $200 million to $400 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of premier banks, will support MRC’s growth in serving the middle market ABL space in 2026 and beyond.

A Florida-based private label company has secured a $750,000 invoice financing facility from Prestige Capital to support ongoing working capital needs. The transaction was referred by a long-standing referral partner with deep knowledge of the company and its financing requirements.

Essex Capital Group, Inc. is pleased to announce that it served as buyside financial advisor to Gulf Coast Bank & Trust in connection with its acquisition of a commercial factoring portfolio for total consideration of $26.24 million. The transaction expands Gulf Coast’s commercial finance platform with an established, yield-accretive portfolio and a complementary client base.

Dechert LLP announced today that Leahana Grimley has joined the firm as a partner in its corporate and securities practice, based in the San Francisco office. Her arrival augments the firm's private equity and M&A capabilities on the West Coast and adds significant cross-border transactional experience to Dechert's globally integrated platform.

Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling," "we," "our" or "the Company") today announced that it entered into a second amendment and restatement of its credit agreement, which, among other things, extends the maturity of its credit facility to July 2031, expands the size of the credit facility, and provides additional flexibility for ongoing and future operations.

BankUnited Inc. (NYSE: BKU) announced it has hired Chad Loar to lead commercial banking as executive vice president, responsible for leading the bank’s commercial business throughout Florida, New York, New Jersey, Texas and the Southeast.

CODIX, the global lending technology company behind the iMX platform, announced a partnership with LoanWatch, a US-based technology company specializing in advanced borrowing base and ineligibles calculation for asset-based lenders. The partnership brings together two complementary platforms to deliver an optimized, automated workflow for ABL lenders across North America.

SouthStar Capital recently closed an accounts receivable financing facility for a government contracting company supporting the aerospace and defense industry.

Utica Equipment Finance has hired Ben Carapezzi and Todd Witmer as Managing Directors of Sales, growing its origination team at a time when the company is working through one of the busiest pipelines in its history.

CohnReznick, a leading professional services firm, today announced that Cindy Sutton has joined the firm as Partner and Chief People & Culture Officer. In this role, Sutton will lead the firm’s people and culture strategy, with a focus on enhancing employee experience, talent development, and organizational performance.

Blank Rome LLP is pleased to announce that Margaret E. Talt has joined the firm’s New York office as an associate in the Real Estate practice group, which recently welcomed associate Spencer G. Emanuel in June. Margaret joins Blank Rome from Barclay Damon LLP.

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $15 million asset based line of credit to a 50+ year-old, Wisconsin based consumer products company (“the Company”).