TSL Express Daily Articles & News

California BanCorp (the “Company”) (Nasdaq: BCAL), the holding company for California Bank of Commerce, N.A. (the “Bank”), announces that the Bank has hired two seasoned commercial bankers to strengthen its presence in its Northern California footprint. Linda Wang has joined our San Jose office, and Angel Herrera has joined our Walnut Creek office. Both will report to Chris Barr, Regional Market President – Northern California.

Calumet, Inc. (NASDAQ: CLMT) (the "Company" or "Calumet") today announced that it has amended its existing asset-based loan (ABL) facility to extend the maturity date from January 2027 to January 2031. The amended facility provides for total commitments of $500 million, subject to borrowing base limitations, and is led by Bank of America, N.A., as agent for a group of lenders.

New AI-assisted website search assistant, Alfred, connects secured finance professionals to SFNet insights, data, programs, and education faster and with greater clarity.

Claros Mortgage Trust, Inc. (NYSE: CMTG) (the “Company” or “CMTG”) today announced the closing of a $500.0 million, four-year secured term loan credit facility provided by investment funds and accounts managed by HPS Investment Partners, LLC (“HPS”). The term loan credit facility has an annual variable rate of SOFR plus 675 basis points and may be prepaid at any time, subject to certain conditions.

The global law firm Jones Day announced today that Caroline Gregson and Nath Curtis have joined the Firm as Partners in its Financial Markets Practice. Both lawyers are based in the Firm’s London Office.

H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce that it has provided a new first lien, senior-secured credit facility to Büter Group (“Büter”, or “the Company”), a portfolio company of NPM Capital (“NPM”). Based in Emmen, the Netherlands, Büter is a manufacturer of hydraulic cylinders and hydraulic lift solutions.

Celtic Capital Corporation today announced its most recent new client relationship – a South-Central United States manufacturer of eyeglass lenses. This Company was seeking financing to pay off a small bank line of credit and a high-priced merchant cash advance loan, as well as secure additional working capital to fund the Company’s anticipated growth

Pretium Packaging, a leading manufacturer of plastic containers and a portfolio company of private equity firm Clearlake Capital Group, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the District of New Jersey.

Brean Capital, LLC ("Brean Capital"), a leading independent investment bank focused on capital markets and advisory services, is pleased to announce that it has completed its acquisition of strategic business units from Janney Montgomery Scott LLC ("Janney"). With the closing of this transaction, Brean Capital adds a team of approximately 50 capital markets professionals across the acquired business units, representing a meaningful influx of sector expertise and leadership.

The M&A Advisor announced the winners of the 20th Annual Turnaround Awards. Commercial Finance Partners was named a winner for the Restructuring of the Year (Up to $25MM) Category. The awards will be presented at a Black-Tie Awards Gala on Tuesday, March 24, 2026, at The Four Seasons Resort, in Palm Beach, Florida.

Womble Bond Dickinson announced today that Andrew S. Wein has joined the firm’s Consumer Financial Services Team as a partner in its New York office. Wein brings more than 25 years of experience advising financial institutions and related businesses on consumer financial services regulatory compliance, litigation, and enforcement matters.

Tiger Group today announced the first auction in a series of receiver-ordered liquidation sales of trucks, tractors and other assets formerly owned by a national transportation company, Mongomery Transport.

Apollo (NYSE: APO) today announced that Apollo-managed funds have completed an approximately €900 million senior secured financing of a pan-European logistics and industrial portfolio owned by a joint venture between an affiliate of Cerberus Capital Management (“Cerberus”), a global alternative investment manager, and Arrow Capital Partners (“Arrow”), a specialist investor, credit provider, developer and manager of real estate in Europe and Asia-Pacific .

Gibraltar Business Capital (GBC) has completed a $20MM senior secured facility for a portfolio company (the “Company”) of a premier private equity firm (the “Sponsor”). This financing provides additional working capital to support the Company’s continued operational momentum and strategic investments for its next phase of growth.

SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) announced today the Fourth Amendment to its existing credit agreement.

North American private credit fund managers expect conditions around financial distress and defaults to stabilize and gradually improve over the next 12 months, according to new independent research commissioned by Ocorian, a leading U.S. and global asset services provider.

U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Souheil Badran, its senior executive vice president and chief operations officer, will retire from the bank this spring.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce that Elizabeth "Liz" Martone has joined the organization as Senior Managing Director, Group Director. Operating from the Bank's Park Avenue Office in New York City, she will play a pivotal role as a part of James Handal's leadership team.

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that Ares Credit funds served as the administrative agent on $1.6 billion in debt financing to support the merger of two Yellow Wood Partners portfolio companies, Suave Brands Company (“Suave Brands”) and Elida Beauty (“Elida”). The combined company, now called Evermark, LLC (“Evermark” or the “Company”), has launched as a leading global platform of iconic personal care brands.

More than 400 lots of surplus lighting and grip gear from a prominent Southern California studio will go to auction beginning on Feb. 3 in Tiger Group’s latest audiovisual sale.