TSL Express Daily Articles & News

Gateway Trade Funding, a direct lender focused on Purchase Order Financing and Stretch Finance solutions, announced the completion of 25 Stretch Finance transactions totaling more than $7.7 million across a broad range of industries throughout the United States and Canada.

Guitar Center, Inc. (together with its affiliates, “Guitar Center,” or the “Company”) today announced that it has amended its existing asset-based lending facility (“ABL”). The amended facility maintains total commitments of $375 million, reduces borrowing costs, relaxes certain minimum availability covenants and extends the maturity date from December 31, 2027 to the earlier of May 8, 2031, or 90 days prior to the maturity date of any of the Company’s outstanding senior notes, providing the Company with additional financial flexibility.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that it has completed a $725 million credit facility with a syndicate of banks.

Baker Garrington announced it has partnered with an oilfield staffing company, providing a growing $1,500,000 facility. The staffing company, based in Texas, found itself in a position where demand was already strong, both within existing contracts and with new opportunities on the horizon for 2026. The challenge was having the capital in place to support that growth without slowing things down.

J D Factors provided $10,600,000 in new factoring facilities to 42 new clients in the US and Canada during the month of April. Some of these facilities include: a $125,000 factoring facility for a wholesale distribution company in Texas; a $200,000 factoring facility for a flooring distribution company in Quebec and $250,000 factoring facility for a transportation company in Indiana.

Credibly, the AI-powered working capital company that champions small and medium-sized businesses (SMBs), announced today that it has secured over $260 million in new financing, further strengthening its capital base to support continued growth.

Republic Business Credit recently announced the appointment of Benton Hilbun and Merri Underwood to its growing team. Hilbun joins the originations team as Senior Vice President, Business Development Officer, while Underwood joins the client management team as Assistant Vice President, Account Executive.

Archway FinCo announced today the appointment of Matthew Lesser as managing director of Originations. Based in the New York metro area, Lesser brings more than 20 years of experience in commercial banking, asset-based lending, and specialty finance to Archway's growing originations platform.

Tiger Group announced the successful liquidation of a complete geotechnical manufacturing facility in Roanoke, Virginia. In an online auction that closed last month, Tiger auctioned inventory along with machinery and equipment (M&E), tools, rolling stock and material-handling assets from the Roanoke plant of TerraRoc, Inc., a Delaware corporation that manufactures items for the construction and oil-and-gas industries.

Mako Capital Group ("Mako"), a Miami-based private equity firm, is pleased to announce that Vanessa Gabela has joined the firm as partner and head of Investor Relations. Mako is a thesis-driven firm that specializes in acquiring lower-middle market companies in financial, healthcare and other essential services. Vanessa will lead Mako's capital formation efforts and oversee relationships with current and prospective investors.

JPalmer Collective (JPC), an asset-based lending (ABL) firm focused on women-led and high-growth consumer brands, today announced the closing of a $3.5 million asset-based line of credit to Pangaea Holdings, a global brand builder focused on creating innovative and disruptive personal care brands for modern consumers.

KCP’s Group, a leading restructuring and advisory firm, today announced that Jennifer Meyerowitz has joined the firm as Senior Managing Director and General Counsel. In this role, Meyerowitz will advise clients on complex restructurings, distressed transactions, and operational turnarounds, while also overseeing the firm’s legal strategy and governance.

Siena Lending Group LLC (“Siena”), a leading provider of asset-based credit solutions, served as Administrative and Co-Collateral Agent on a $175 million senior secured credit facility (the "Facility") for Phillips Pet Food and Supplies ("Phillips" or the "Company"), supporting the refinancing of existing debt and the acquisition of assets from Central Garden & Pet Company. Siena Lending Group LLC will be holding $105 Million of the Facility.

Abry Private Debt, the private credit strategy of Abry Partners, today announced the closing of its acquisition of a $330 million diversified private credit portfolio. Abry partnered with Coller Capital, a leading secondaries platform, to complete this transaction.

Travel + Leisure Co. (NYSE:TNL) (the “Company”) announced today that it has launched a private offering (the “Offering”) of $900 million aggregate principal amount of senior secured notes due 2031 (the “Notes”), subject to customary and market conditions.

Baker Garrington announced it has provided a facility for a rapidly growing oilfield services company out of Dickinson, North Dakota. The company was looking for a better way to keep up with increasing demand and the pace of new opportunities coming in. As operations expanded, so did the need for consistent cash flow to support crews, equipment, and ongoing projects.

Encina Private Credit, LLC (“EPC”) is pleased to announce that it has served as Term Loan lender for a management-owned company operating in the datacenter critical components manufacturing space. EPC’s $50 million first out commitment as part of a $100 million senior secured credit facility will be used to buy out a minority equity holder as part of an equity recapitalization.

Culain Capital Funding, LLC (“Culain Capital”) announced the closing and funding of a $5,000,000 accounts receivable and inventory financing facility for a rapidly growing U.S.-based frozen food company specializing in premium fruit and vegetable products sourced from farms across the United States.

Assembled Brands is pleased to announce the closing of a new senior credit facility for STEPR, the pioneer of the compact, connected stair climber. This partnership provides the strategic funding required to support the brand’s transition from a high-growth digital disruptor to a dominant omnichannel powerhouse.

First Bank is pleased to announce that Carmen Caporrino has joined the bank as Senior Vice President, Relationship Manager within its Asset-Based Lending group reporting to Donna Calderaro, Senior Vice President and Market Executive. Carmen brings more than 40 years of banking experience, with deep expertise in asset-based lending, portfolio management, and credit risk.