TSL Express Daily Articles & News

Mayer Brown announced today that Kerrick Seay has joined the firm's Global Leveraged Finance and Private Capital Group as a partner in New York. He joins from White & Case, where he represented leading investment banks, private credit funds and leading bank arrangers on high-profile leveraged and acquisition financings, liability management transactions and other strategic financings across a variety of industries.

Frugal Fannie’s Fashion Warehouse, one of the Boston region's most well-known discount fashion retailers, is closing its doors after 43 years. Owners Kathleen Doxer and Orrin Doxer announced their decision to end store operations due to health considerations, key staff retirements, and end of their lease with no further options to renew. They retained SB360 Capital Partners to help run a Going Out of Business liquidation sale at the iconic Westwood store.

SG Credit Partners, through its Commercial Finance division, has provided a senior debt credit facility to a multi-generation, family-owned food distribution company. For the past several years, the Company was financed by a money center bank.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the appointment of Kevin Bertscha, CPA, as Senior Vice President, Chief Audit Executive.

Clearwater Paper Corporation (NYSE: CLW) today announced the successful refinancing of its senior notes due in 2028, along with the refinancing of both its existing term revolver credit facility and its existing ABL revolving credit facility. The existing notes and credit facilities have been replaced with a new term loan and revolving credit facility, meaningfully extending the company’s debt maturities.

Fox Ridge Capital, a hybrid commercial lender, closed its third revolving credit facility, a $75 million agreement with DZ BANK AG, bringing the company's total issuances to $240 million since its founding earlier this year.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of two recent transactions totaling over $10 million, including the addition of a purchase order financing deal to complement an existing recourse factoring client and a new joint recourse factoring and purchase order financing deal.

Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Bernhard Capital Partners’ (“Bernhard”) acquisition of Revenew International (“Revenew” or the “Company”), a leading provider of contract compliance, profit recovery and performance consulting services across the utility, energy, manufacturing, mining, pharmaceutical and chemical industries.

Snodgrass counsels lenders, public and private borrowers, and private equity sponsors in complex lending and commercial financing transactions. His experience includes domestic and cross-border financing transactions, asset-based lending, syndicated loan transactions and other energy-related financing transactions, as well as representing clients in connection with debt capital markets transactions and distress situations.

Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, and the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investors, announced today that an Ares Real Estate fund (“Ares”) and PSP Investments have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the U.S.

Form Energy, Inc. (“Form Energy” or the “Company”), an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, today announced the closing of a $270 million credit facility, comprised of a revolving credit facility and a tax credit advance facility that can advance against tax credits generated from production of eligible components under Section 45X Advanced Manufacturing Production Credit.

GridStor, a developer and operator of utility-scale battery energy storage systems, together with financial partners ING Capital LLC, KeyBank N.A., and Zions Capital Markets announced the close of a $220 million tax equity bridge, construction, and term debt financing agreement to complete the development of GridStor’s 100 MW / 400 MWh White Tank battery energy storage facility in Arizona.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of two recent transactions totaling over $10 million, including the addition of a purchase order financing deal to complement an existing recourse factoring client and a new joint recourse factoring and purchase order financing deal.

KKR, a leading global investment firm, today announced the launch of Akrapoint Commercial Capital (“Akrapoint” or “the Company”), a mid-ticket equipment finance company established by a team of experienced industry professionals and KKR. Investment funds managed by KKR will commit $350 million, via KKR’s Asset Based Finance strategy, to support the launch.

SLR Business Credit (“SLRBC”), a leading provider of asset-based lending solutions, announced today that it has provided an $8 million asset-based revolving line of credit to a premium carbonated beverage and mixer brand (the “Company”).

Briar Capital Real Estate Fund (www.BriarCapital.com) announces the closing of a new $3,850,000 real estate credit facility to a Wisconsin-based manufacturing company, secured by its owner-occupied industrial property. The company manufactures precision components for customers across the automotive and industrial sectors.

Republic Business Credit provided a $750,000 factoring facility to a growing temporary staffing firm to support its operational requirements. This is the first funding that originated through Republic’s recently announced partnership with Meritus Capital.

TowerNorth, an independent developer, owner, and operator of mission critical wireless infrastructure in the United States, today announced that it has secured additional growth capital from Berkshire Partners (“Berkshire”) and closed a new debt facility.

MidCap Business Credit LLC announced today that it has completed a $13,000,000 asset-based credit facility which supported the acquisition of Anchor Manufacturing Group Inc, Cleveland, OH. The business was established in 1970 and manufacturers metal stampings, complex welded assemblies, fabricated parts and tooling from a 350,000 square feet of manufacturing space.

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced that Richard Byrne, Chairman of the Board and the Company’s former Chief Executive Officer, has been reappointed as Chief Executive Officer, effective September 16, 2026.