TSL Express Daily Articles & News

Sterling Commercial Credit has rebranded in response to its product expansion, accelerated company growth, and renewal of its corporate vision. At the heart of this rebranding is a change of the company’s name to Great Elm Commercial Finance (“Great Elm CF”), aligning with its parent, Great Elm Specialty Finance.

Tiger Group has expanded its asset-disposition services for the global oil-and-gas and energy sectors by tapping industry veteran Nick Abueita as Senior Director, Energy.

KBRA releases a series of three research reports that examine how tariffs, market volatility, economic uncertainty, fluctuating spreads, and other macroeconomic headwinds may impact various segments of private credit’s rated transactions, including corporate borrowers, funds, business development companies (BDC), asset managers, and middle market (MM) collateralized loan obligations (CLO).

Driven by continuous growth in the U.S. tech sector, including an increase in IT spending, AI investments, and a renewed focus on innovation,1 Wells Fargo Technology Banking expanded its team of bankers by 20% over the past year, with additional hires expected in 2025. This represents the largest investment in talent Wells Fargo has made in the tech banking group since the team formed 25 years ago.

Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce the promotion of Wes Wilbanks to Chief Credit Officer and Executive Vice President.

QKS Group, a premier market intelligence and advisory firm, has released its latest in-depth analysis of the global Account Payables and Receivables (AP & AR) Application Market, projecting a compound annual growth rate of 9.70% through 2030.

European private equity firm CVC (CVC.AS) is exploring a deal for $75 billion private credit lender Golub Capital, the Financial Times reported on Friday, citing several people familiar with the situation.

CIBC Innovation Banking announced today that it recently acted as the lead arranger and administrative agent on a syndicated credit facility for Teamworks, a Durham, NC-based software business that provides a leading operating system for sports organizations.

Wingspire Capital is pleased to provide a $32.5 million revolving line of credit to Northern Wholesale Supply, LLC, which is a leading distributor of marine and recreational vehicle after-market parts and accessories. Proceeds were used to facilitate the acquisition of Northern Wholesale Supply by Sun Capital Partners, Inc., a private equity firm based in Los Angeles.

Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the investment in Daedalus Industrial by LongueVue Capital. In addition, Abacus Finance Group made an equity co-investment in Daedalus Industrial.

Advantage Business Capital, a subsidiary of Central Bank of Texas, today announces that its factoring division has provided and funded a $5MM working capital revolver to a Document and Data Services company who specializes in health insurance customizations.

Winston & Strawn LLP represented Titan Acquisition Corp., a blank check company, in connection with the closing of its $276,000,000 initial public offering.

The ABL industry has experienced significant growth, leading to record funding levels, increasing demand for flexible financing structures and a swathe of new providers. Yet, while the industry grows, its technology remains outdated—lenders and borrowers alike struggle with rigid, one-size-fits-all systems that lack transparency, efficiency, and scalability. That’s where scalABLe comes in.

Winston & Strawn is serving as underwriters counsel to R.F. Lafferty in connection with Cuprina Holdings, a biomedical and biotechnology company dedicated to the development and commercialization of products for the management of chronic wounds as well as cosmeceuticals for the health and beauty sector, in its announced closing of $12,000,000 initial public offering.

Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced the completion of three non-recourse factoring deals in the apparel, outerwear and accessories sectors totaling $280 million in annual sales volume.

Chicago Atlantic announced that it acted as administrative agent on the funding of a senior secured term loan for Terra Kaffe, Inc., a company specializing in high-end, bean-to-cup coffee machines.

Cornerstone Business Credit is pleased to announce the recent funding of a $300,000, expandable line of credit to an information technology consulting firm. This firm did not qualify for traditional bank financing given recent losses including the shutdown of its largest customer leaving a substantial unpaid balance.

Global professional services firm Alvarez & Marsal’s (A&M) Global Transaction Advisory Group (Global TAG) and Corporate Transactions Group (CTG) are proud to announce the appointment of Mark Copeland as Managing Director, Global Transactions & Key Accounts in a crossover role that will extend the firm’s expertise across both private equity and corporate transactions globally.

Bayview Asset Management (“Bayview”), a leading investment management firm with a 30-year history investing across asset-based credit markets, today announced the launch of the firm’s Fund Finance investment business. Industry veterans Michael Timms and Colin Doherty have joined Bayview to serve as co-heads of the newly created strategy.

Versana today announced that Morgan Stanley agented broadly syndicated loan (BSL) deals are live on its centralized digital data platform, and now available to the bank's institutional clients in real time. This launch follows Morgan Stanley's investment in Versana in March 2023, demonstrating its commitment to modernize the $8 trillion corporate loan asset class.