TSL Express Daily Articles & News

At today's House Financial Services Committee hearing, "Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities,” Representative Young Kim (R-CA) questioned Bank Policy Institute President and CEO Greg Baer on the treatment of asset-based lending under the Basel III Endgame reproposal issued by the federal banking agencies in March 2026.

Arch Capital Management (“Arch”), a new working capital and asset-based lending platform, today announced its official launch, expanding the team’s commitment to helping growth-oriented businesses access practical, flexible credit solutions. Built by the operators behind Cirrus Capital Partners, Arch was created to meet a growing need in the market: dependable revolving facilities that help companies convert assets, invoices, and purchase orders into usable liquidity.

Utica is pleased to announce the closing of a $7,000,000 capital lease for a Southeast-based site development and heavy civil contractor. Secured by a broad pool of heavy equipment including excavators, dozers, articulated dump trucks, wheel loaders, motor graders, and compactors, the lease will support the acquisition of the company by a new ownership group.

Obra Capital, Inc. ("Obra"), a specialized alternative asset management firm, today announced that Ashish Sinha has joined the firm as Managing Director, Asset-Based Finance. He will support the firm's asset-based opportunistic credit strategy out of the firm’s New York office, reporting to Matt Roesler, Senior Managing Director and Head of Multi-Sector Credit.

Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced the commitment of $30 million in growth capital to Iantrek, a medical technology company and a leader in the bio-interventional ophthalmic surgery (BIOS) space.

Proskauer today released its latest Private Credit Default Index (the “Index”), which tracks senior-secured and unitranche loans in the United States. The Index revealed a default rate of 2.73% for the period of January 1, 2026 - March 31, 2026. The rate represents an increase from 2.46% in Q4 2025 and 1.84% in Q3 2025.

Benesch is one of the fastest‑growing Am Law 200 law firms, with more than 500 attorneys across offices in Cleveland, Chicago, Columbus, New York, San Francisco, and Wilmington. The firm provides highly sophisticated legal services to national and international clients, including lenders, public and private companies, middle‑market and emerging businesses, private equity funds, entrepreneurs, and not‑for‑profit organizations.

Bachem Holding AG (“Bachem”, SIX: BANB) announced today the closing of a revolving credit facility of CHF 500 million with a maturity of five years and a non-committed option to increase the facility by CHF 150 million.

STG Logistics Inc. ("STG" or the "Company"), one of the nation's largest providers of integrated port-to-door services and supply chain solutions for cargo owners and logistics providers, today announced that it has completed its court-supervised marketing process and reached a settlement regarding the litigation related to the Company's 2024 liability management ("LME") transaction, paving the way for a fully consensual emergence from chapter 11 in the near-term.

CohnReznick, a leading professional services firm, announced today that Hank Kahrs has joined the firm as a Managing Director in its Restructuring and Dispute Resolution practice. Based in Los Angeles, Kahrs brings deep expertise in quantifying economic damages in complex cases, helping clients accurately understand and pursue the value of contested assets and businesses.

Regents Capital Corporation (Regents), a leading independent provider of equipment leasing and financing solutions to middle-market borrowers, announced the successful closing of its inaugural Asset-Backed Securitization (ABS) transaction.

Holland & Knight has bolstered its national Financial Services Section with the addition of experienced finance partners Kevin Eisenberg and Jeffrey Fried in New York. Both join the Specialty Finance and Regulatory Practice Group, and were previously partners with Loeb & Loeb.

XEN, the only end-to-end factoring platform in the market, today announced that Phoenix Capital Group (PCG), a division of Gulf Coast Bank & Trust Company and a leading transportation factor for over 25 years, has launched on XEN to manage all origination and underwriting.

Platinum Credit Opportunities Funds (“PCOF”) and Ares Commercial Finance (“ACF”) announced today that they provided financing to support Kingswood Capital Management’s (“KCM” or the “Sponsor”) acquisition of Daramic, LLC (“Daramic” or the “Company”), a Charlotte, North Carolina-based global leader in supplying high-performance polyethylene and phenolic resin-based battery separators to the lead battery industry.

Pine Gate Renewables, LLC, a leading developer and owner-operator of renewable energy projects across the United States with over US$7 billion of funded debt and equity capital, has successfully completed its voluntary Chapter 11 restructuring in the US Bankruptcy Court for the Southern District of Texas.

GDA Luma today announced that Pat McGrath Labs, the iconic beauty house and prestige beauty leader, has successfully completed its financial restructuring process and is emerging from Chapter 11 protection. The successful execution of the Company’s court-approved reorganization plan provides a strong foundation for a new phase of creative excellence, operational discipline, innovation-led growth, and sustainable long-term success.

Wingspire Capital is pleased to announce the closing of a $30 million revolving credit facility to SportPet Designs, LLC, a designer, manufacturer and distributer of best-selling pet products sold through major retailers.

Beacon Financial Corporation (NYSE: BBT) (the "Company"), the holding company for Beacon Bank, today announced the appointment of Gary Levante as Chief Marketing Officer. As a member of the Executive Management Committee, Levante reports to President and CEO Paul Perrault and leads all aspects of the brand strategy, marketing, communications and public affairs for the Company.

Valitana, a leading provider of analytics, workflow and portfolio management solutions for structured credit professionals, today announced a significant growth equity investment from FTV Capital, a sector-focused growth equity firm with a strong track record of investing in high-growth financial technology companies.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced a series of strategic executive leadership appointments designed to scale the firm’s clearly differentiated platform in its next phase of growth.