TSL Express Daily Articles & News

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Ted Kowalsky is joining the firm as a Principal in its Government and Public Sector Advisory practice. In this role, Kowalsky will focus on advising public sector and commercial businesses on ways to leverage government funding and the tax code in support of a nationwide focus on community resilience, economic development, and sustainability objectives.

First Citizens Bank today announced that its Middle Market Banking group has named Tao Sung as director and relationship manager in the Los Angeles region. Based in the Santa Monica office, Sung will focus on leading his team to develop new business in the area while also supporting a portfolio of existing Middle Market Banking relationships and providing a host of products and services to customers.

Figure Technology Solutions (“Figure”), the technology platform streamlining the private credit and housing markets, today announced the launch of Figure Connect, a first-of-its-kind blockchain-based multi-seller, multi-buyer marketplace of private credit loans.

Stifel Financial Corp. (NYSE: SF) and Lord Abbett, LLC, today announced the formation of a substantial leveraged lending joint venture, SBLA Private Credit. SBLA Private Credit will focus on both new issue and existing loans to small and mid-sized portfolio companies of financial sponsors and compliments the existing capabilities of both firms.

Vesper Energy, a leading renewable energy developer, has successfully finalized construction and term loan syndication for its Hornet Solar project, representing approximately $592 million in investments. The syndication process, initiated after the Hornet Solar project's financial close in December 2023, signals continued investor confidence in the project and Vesper's ability to deliver reliable, resilient infrastructure.

Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ZeroFox Holdings, Inc. (“ZeroFox”) by private equity sponsor Haveli Investments.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two factoring transactions totaling $6.5 million and $25 million in factoring volume.

Dwight Funding, a modern asset-based lender providing flexible working capital to consumer brands, announced several transactions including: a $2.0M asset-based revolving line of credit for a hot sauce and condiment brand; a $12.0M asset-based revolving line of credit for a DTC electrolyte and hydration supplement brand; a $4.0M asset-based revolving line of credit for a prestige cosmetics brand; a $2.0M asset-based revolving line of credit for a functional wellness brand offering adaptogenic mushroom products and more.

Legacy Corporate Lending completed a $7 million credit facility for PostWorks New York, a digital motion picture and post production services provider, to support the company’s ongoing capital needs and continued growth.

Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the completion of a $10 million asset-based revolving line of credit for Franklin Baker Incorporated (“Franklin Baker”).

Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and together with its subsidiaries, the “Company,” “we,” “us” and “our”) announced that it has increased its Credit Facility by $40 million to $720 million in aggregate commitments by adding a new lender.

CIBC Innovation Banking is pleased to announce that it recently acted as the lead arranger and an administrative agent on a debt facility for New York-based Yipit, LLC (YipitData), the trusted source of alternative data insights for investment funds and large corporations.

Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today announced that it has successfully amended and extended its existing senior secured term loan facility (the "Amended Term Loan Facility") in an aggregate principal amount of $873 million at a lower interest rate margin and with an extended maturity.

SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry experiencing rapid growth and increasing sales. This financial support is aimed at bolstering the company's working capital and facilitating further expansion.

Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.

Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.

Dwight Funding, the leading working capital provider for growth-stage consumer product and eCommerce brands, is pleased to announce several new portfolio companies across various categories in CPG.

The Federal Reserve will almost certainly hold US interest rates steady at the current 23-year high on Wednesday and investors need to review their portfolios amid a divergence in global monetary policy.

Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced that Anna Edgcomb has rejoined the firm as Vice President – Manufactured Products and Alyson Brown has joined the firm as Vice President – Services. Ms. Edgcomb and Ms. Brown will help source and execute investments, supporting PPC’s strategy to deploy capital across family-owned and founder-led businesses in the manufactured products and services sectors.

Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, is announcing it has entered a partnership with San Diego-based Ventures Lending Technologies, a premier end-to-end lending software for banks and mission-based lenders.