TSL Express Daily Articles & News

Gordon Brothers, the global asset experts, served as international agent for a $126 million facility to support Valore Holdings’ (Valore) acquisition of Mirai Casting Group (Mirai), a leading international Tier 1 supplier of automotive casting products major U.S., Japanese and European original equipment manufacturers.

Blank Rome LLP is pleased to announce that Robert P. “Bob” Zinn and Megan A. Wotherspoon have joined the firm’s Pittsburgh office as partners in the Corporate, M&A, and Securities group and the Financial Services industry team. They join Blank Rome from K&L Gates, where Bob co-led its firm-wide corporate practice from 2007 to 2023 and was a founder of its manufacturing and FinTech industry groups.

Republic Business Credit provided a $2 million factoring facility to a West Coast-based small business that supplies parts for the U.S. automotive industry. The financing optimizes the Company's working capital by enabling extended customer payment terms that align with industry standards.

eCapital Corp. (“eCapital”), a tech-enabled specialty finance provider serving small and midsize businesses across North America and the United Kingdom, today announced that the eCapital Transportation Group has entered a strategic partnership with 123Loadboard. As one of North America’s longest-running digital freight-matching platforms, 123Loadboard is known for helping carriers and brokers find loads and keep trucks moving.

Tiger Finance has provided a $15 million revolving credit facility to Ashley Stewart, the women’s fashion and lifestyle brand founded in Brooklyn in 1991. The financing enhances the company’s liquidity position and will support ongoing growth initiatives under new ownership.

Honigman LLP announced today that Alexander (Alex) Moss and Injune Park have joined the firm’s nationally recognized Private Equity Practice in the firm’s Corporate Department. Marking the seventh and eighth partners to join the firm this year, Park and Moss both join Honigman’s private equity practice from Benesch, Friedlander, Coplan & Aronoff on the heels of George Stowe, who also joined Honigman from the same firm last fall.

Eldridge Capital Management (“Eldridge”) today announced the closing of a $350 million lease facility with ProPetro Energy Solutions, LLC d/b/a PROPWRSM (“PROPWR”), a wholly owned subsidiary of ProPetro Holding Corp. (NYSE: PUMP).

-Herbalife Ltd. (NYSE: HLF), a premier health and wellness company, community and platform, today announced plans to refinance its senior secured debt. The Company is targeting $1.55 billion of secured financing, which is expected to include a $425 million revolving credit facility, a $125 million Term Loan A, a $500 million Term Loan B and $500 million of other secured debt.

CAN Capital, a leading provider of access to alternative financing solutions for small and medium-sized businesses, today announced that it has acquired the equipment finance portfolio and platform of Republic Bank Finance, a division of Republic Bancorp, Inc. (NYSE: RBCAA), headquartered in Lexington, Kentucky.

Western Alliance Bank today announced that OnQ, the leading retail display company, has secured an enhanced credit facility with the bank’s Asset-Based Lending Group. Western Alliance Bank is supporting OnQ by providing a $7.5 million asset-based line of credit and customized treasury management solutions to support the company’s current growth trajectory. The line of credit provides OnQ with flexibility as it scales its platform to serve a growing base of global retail brands.

Downgrades have significantly outpaced upgrades over the past 12 months, and a large share of rating actions are pushing borrowers into the lower end of the ratings spectrum.

NXT Capital announced today that it closed a senior credit facility in support of Riverarch Equity Partners’ acquisition of Walex Products Company, Inc. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.

Park Dental Partners amended its Amended and Restated Credit Agreement with U.S. Bank, effective Jan 1, 2026, covering a $15 million revolving line and a $13 million term loan.

National furniture retailer American Signature is on its way to liquidation as roughly 90 of its remaining stores and warehouses across more than a dozen states officially go on the block. A&G Real Estate Partners on Thursday said it is now marketing the last batch of properties leased or owned by Columbus, Ohio-based American Signature, the parent of Value City Furniture and American Signature Furniture.

FCI announces that Secretary General, Neal Harm, will retire in September 2026, concluding a three-decade career within the global factoring and receivables finance industry. He will begin working with his successor to ensure a smooth transition.

DailyPay, the leading On-Demand Pay platform and financial wellness solution, today announced the closing of a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to US Magnesium LLC (“US Magnesium” or the “Company”) in the sale of select unencumbered assets to the Utah Division of Forestry, Fire, and State Lands (“FFSL”). The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the District of Delaware. The transaction closed in February 2026.

BlackArch Partners LLC ("BlackArch") and Clearsight Advisors, Inc. ("Clearsight") announced alignment under a single broker-dealer, bringing together two specialist M&A advisory firms with complementary sector expertise, shared values, and a common commitment to senior-led execution.

Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, in conjunction with Prestige Auctions, today announced it will conduct an online auction of assets from National Oilwell Varco’s (NOV) Dayton facility – formerly known as Dayton Chemineer.

Gordon Brothers, the global asset experts, provided a comprehensive, capital-led solution for Chinese Laundry to sell the company’s footwear inventory through an assignment for the benefit of creditors and winddown physical operations. In addition, the firm acquired the Chinese Laundry brand and related trademarks from CELS Brands and will provide a growth platform for the contemporary footwear brand.