TSL Express Daily Articles & News

Bolstering the firm’s finance capabilities in Texas and the energy lending space, Morgan Lewis has welcomed Matthew Lea as a partner resident in the firm’s Houston office. Joining from Blank Rome, Matt will continue to advise lenders, borrowers, and sponsors on complex conventional and mezzanine energy financing transactions.

Billor, committed to empowering truck drivers to achieve the American Dream through entrepreneurship, today announced that Leste Group, a global alternative investment manager, has established a $330 million credit facility. Under this facility, Leste will acquire truck leases from Billor until 2027. As the lead investor, Leste will also make an equity investment in Billor, followed by GHT4.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Home Pro Roofing by Aligned Exteriors Group (“AEG”), an existing portfolio company created by River Sea Network and Pearl Street Capital Partners.

Wells Fargo's (WFC.N) co-CEO of corporate and investment banking (CIB), Jon Weiss, has informed the bank of his intention to retire and will step down from his position effective immediately, the company said on Thursday.

U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Felicia La Forgia and Sekou Kaalund will become the newest members of its Managing Committee, a group of top executives who oversee the organization’s revenue lines, enabling functions and independent risk teams.

ID.me, the market leading digital identity wallet, today announced it has closed a $275 million credit facility provided by Ares Management funds ("Ares")

Today, Boldyn Networks US announced the successful completion of its approximately $1.2 billion debt financing, consisting of Senior Secured Credit Facilities and Fixed Rate Notes, to accelerate its capital investment to grow and expand its footprint throughout the US market

The Board of Directors of First Financial Bank has announced the promotion of Chris Schjetnan to Executive Vice President, Director of Community Lending and Outreach. In this role, Chris will lead the Bank's affordable banking initiatives which focus on traditionally underserved communities.

Runway Growth Capital LLC and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.

Gordon Brothers, the global asset experts, announced store closing sales are underway at all 93 Peavey Mart locations in Canada. The Canadian farm and ranch retailer is offering up to 30% off the original ticketed price on all agriculture, farm and ranch, work wear, lawn and garden, hardware and homesteading supplies and merchandise.

Encina Private Credit (“EPC”) bolstered the size of the team with key hires during 2024, enabling the business to deliver strong new business volume growth of 74% in its first out enterprise value loan product, compared to 2023. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.

Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 medical accounts receivable financing facility with a mental health disorders and substance abuse center based in New Jersey (“Company”).

King Trade Capital is pleased to land a $5MM purchase order finance solution for an aerospace company in support of their $15 million Air Force contract.

On February 11, Tiger Group is offering more than 700 lots of pro-grade audiovisual gear from full-service rental house C Mount, a leader in the custom production solutions space and a trusted resource for the film and television industries for more than two decades.

Private equity firms are heading into 2025 with increasing momentum, bolstered by favorable economic trends and renewed confidence in deal-making, according to BluWave’s Q4 2024 PE Industry Insights Report. This report offers data-driven analysis of private equity’s evolving priorities and highlights the strategies shaping the industry for the year ahead.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $25 million in growth capital to Wisetack, a leading pay-over-time platform for home services.

Antares Capital (“Antares”), a leading alternative credit manager with approximately $80 billion in capital under management and administration, today announced the appointment of Olga Kosters as Managing Director, Head of Credit Secondaries.

1st Commercial Credit, LLC, a leading provider of invoice factoring and payroll funding solutions, is pleased to announce the successful completion of a $7 million factoring facility for a new client in the staffing industry. This financing will provide the necessary capital to support payroll, operational expansion, and increased client demand.​

TAB Bank announces the addition of Steel Capital Management, a New York City-based finance company specializing in e-commerce solutions, to its portfolio of Lender Finance clients. TAB Bank has extended a $12 million credit facility to support Steel Capital Management as they provide capital solutions to accelerate growth for Direct-to-Consumer (DTC) companies.

Versana today announced the addition of Bain Capital Credit ("Bain Capital") as a subscriber to its centralized, digital data platform. Bain Capital is one of the world's leading private investment firms specializing in corporate credit and has become the 13th top-tier financial institution to join Versana's innovative platform.