TSL Express Daily Articles & News

Oxford Commercial Finance provides a $3MM Asset-Based Line of Credit to a Florida-based Aerospace company.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4MM ABL facility, consisting of an AR & Inventory revolver, with an Equipment term loan, to a private equity owned contract beverage manufacturer based in the Pacific Northwest.

Crown Partners (“Crown” or the “Firm”), a capital markets advisor focused exclusively on asset-based financings in the middle market, today announced that Justin Anderson has joined the Firm as a Managing Director.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Scott Sundal has joined the firm as a Managing Director of Originations.

Amerisource Business Capital announced the closing and funding of a $2,000,000 working capital facility for a California-based manufacturer and distributor of designer bathroom vanity units, sinks, toilets, and bidets.

Lighthouse Financial Corp. recognizes Mark Walling for 30 Years of meritorious service.

B. Riley Real Estate, LLC, subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley”), is pleased to announce it served as exclusive real estate advisor in connection with the United Furniture Industries, Inc. (“UFI”) Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the Lane Furniture real estate portfolio.

Ali Momin joins Sallyport Commercial Finance, LLC as an Underwriting Analyst after graduating from the University of Houston with a BBA in Finance and MIS in May 2023.

​Amerisource Business Capital announced the closing and funding of a $10,000,000 working capital facility for a Texas-based manufacturer and distributor of industrial chemicals.

On August 24, 2023, the Second Circuit prevented turmoil in the commercial lending market, ruling in Kirschner v. JP Morgan Chase Bank, N.A. (JPM), et al. that syndicated secured term loan notes were not securities for state-law purposes, applying the Supreme Court’s test in Reves v. Ernst & Young.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as the exclusive financial advisor to AllOver Media ("AllOver"), a portfolio company of Shoreview Industries, in connection with its acquisition of Boxi.

Celtic Capital Corporation announced its most recent new client relationship – an Arizona- based company that imports premium natural sea salt.

Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.

Republic partners with residential solar provider to support growth opportunities and meet rising demand.

Revenue-based financing FinTech Lighter Capital has closed a $130m credit facility, and plans to use the capital to support early-stage companies.

Capital Bank, a prominent commercial bank in the DC Metro Region, proudly announces the creation of its new Lender Finance Group.

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announces that industry veteran Darren Sabeski has recently joined the company to support business development initiatives in its Inventory Finance division.

Continuing its strong reputation for being a preferred ABL partner for sponsor-backed transactions, GBC has strengthened its relationship with a private equity group that acquired a leading North American supplement manufacturer.

Culain Capital Funding LLC, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of two separate $1,500,000 million accounts receivable factoring and purchase order facilities.

Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).