TSL Express Daily Articles & News

Commercial Finance Partners, a Boca Raton-based direct lending and advisory firm, is pleased to announce the launch of its Debt Capital Advisory platform. As one of the market leaders in small business consulting, CFP is excited to expand our offerings to cover middle-market financing needs. Commercial Finance Partners has tapped Bill Krebsbach, a nine-year employee, to lead the initiative.

Semtech Corporation (Nasdaq: SMTC), a leading provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions (“Semtech” or “Company”), today announced it has entered into a Fourth Amendment to its Third Amended and Restated Credit Agreement which increased the total borrowing capacity under the revolving credit facility by $117.5 million for a total revolving credit facility size of $455.0 million.

Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility (the “Financing”) for Wheeler Fleet Solutions (“Wheeler” or the “Company”), a leading aftermarket truck parts distribution company based in Somerset, Pa.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided senior secured credit facility to Evolucion Innovations, Inc. (“evo” or the “Company”).

Culain Capital Funding, LLC ("Culain Capital") today announced the closing and funding of a $5,000,000 accounts receivable financing facility to propel the expansion of a rapidly growing California-based tree removal and vegetation management company.

US Capital Global announced today the appointment of Jullion Taylor as Vice President at its Miami office. In this role, Mr. Taylor will lead strategic initiatives to deliver customized financial solutions, including M&A, debt and equity finance, and wealth and asset management services, to clients across the U.S. and internationally.

Republic Business Credit has expanded its support of the temporary staffing industry nationwide with the addition of a new client, a Northeast-based IT temporary staffing firm. The founders brought decades of experience to the launch of the firm, their first entrepreneurial journey.

Top California Lender, a leading lending firm, proudly announces the successful closure of a $17 million bridge loan, further solidifying its expertise in short-term financing solutions. Under the leadership of Jerry Dean, who recently took over the organization, the company continues to deliver impactful financing for its clients.

Mesa West Capital has provided a joint venture of Reade Hotel Capital and an affiliate of Westport Capital Partners with $45.36 million in first mortgage debt for the acquisition of a 208-room Embassy Suites hotel in Nashville, TN.

First Bank announced it provided a $25MM working capital revolving line of credit to a company that specializes in originating and managing asset-based loans for lower middle-market companies

Comerica Bank announced today Matt Marchbanks has been named its Fort Worth Market President. Marchbanks will also serve as the Senior Vice President, Middle Market and Business Banking Group Manager in this footprint.

Beacon Pointe Advisors ("Beacon Pointe") is pleased to announce the addition of Michael (Mike) Skillman as Managing Director of Institutional Consulting Services.

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 successful oversubscribed upsize of its asset-based lending (ABL) facility, from $125 million to $255 million, agented by Wells Fargo Capital Finance.

Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced it has signed a definitive agreement for a secured debt facility and achieved key operational and financial milestones that support its path toward profitability and long-term growth.

Exagen Inc. (Nasdaq: XGN), a leading provider of autoimmune testing solutions, today announced it has entered into an agreement with Perceptive Advisors LLC for a term loan credit facility of up to $75 million, with $25 million funded at closing to retire an existing debt facility and strengthen the balance sheet.

Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the “Credit Facility”) with Coinbase Credit, Inc. (“Coinbase“), a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN).

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its wholly-owned subsidiary, MSCC Funding I, LLC ("MSCC Funding"), recently amended its special purpose vehicle revolving credit facility (the "SPV Facility").

The Hedaya Capital Group recently provided accounts receivable financing to a family-owned wholesaler specializing in branded and unbranded pet products. The Company sells pet apparel, accessories and supplies to customers throughout the United States. In business for more than 35 years, the Company had recently transitioned leadership from the founder to second-generation management.

Cadence Bank (NYSE: CADE) announced today the signing of a definitive merger agreement with Industry Bancshares, Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner.

MidCap Business Credit LLC announced that it has completed a $5 million asset-based credit facility to a manufacturer and distributor of battery based uninterruptible power supplies which are used for providing high quality power in harsh environments.