TSL Express Daily Articles & News

Blue Owl Capital (OWL.N)is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor backlash against the move last week, according to two people familiar with the matter.

Regents Capital Corporation(Regents), a leading provider of equipment leasing and financing solutions to middle-market borrowers, announced the successful extension and upsize to $150 million of its revolving credit facility with Bank OZK (Nasdaq:OZK), an industry leader in diversified corporate and institutional banking. Proceeds drawn on the facility will be used to fund new originations and fuel business growth.

First Bank is pleased to announce Bridget Welborn joined the bank this October as its new Chief Risk Officer and Head of Legal. Welborn brings more than 15 years of experience in legal, risk, privacy, and regulatory compliance, with a proven track record advising boards, CEOs, and executive management on critical initiatives.

The survey polled nearly 400 executives of middle market businesses with annual revenues ranging from $25 million to $1 billion and found that companies are highly familiar with the bill's provisions and expect substantial impacts on both the U.S. economy and their individual businesses.

eCapital Corp. (“eCapital”), a tech-enabled specialty finance provider serving small and midsize businesses across North America and the United Kingdom, has delivered a $6.5 million asset-based lending facility to support the growth and working capital needs of a home furnishings company based in North Carolina.

Mosaic Capital Partners, LLC (“Mosaic”) is pleased to announce the closing of its second fund with $205 million of total capital (including leverage). This is Mosaic’s 2nd Small Business Investment Company (“SBIC”) fund and will continue its exclusive focus on bringing broad-based employee ownership to exceptional lower middle market companies.

Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a $50 million growth capital facility to Lumafield, a pioneer in advanced manufacturing technology that delivers AI-powered manufacturing intelligence to help companies improve product quality, accelerate development, and automate operations.

Eclipse Business Capital LLC (“EBC”) announced that it has provided a $450 million senior secured ABL credit facility to a prominent long-established retailer.

First Citizens Bank today announced that Snow Holding has been named Director and Market Leader of Middle Market Banking for the Northeast, where he will lead relationship managers and business expansion efforts in both the Boston and New York offices, as well as the broader Northeast Corridor.

CohnReznick, a leading professional services firm, today announced that Sebastien Cuvelier has joined as Transaction Advisory Services Partner. As a strategic finance and M&A executive, Cuvelier has more than 25 years of global experience advising Fortune 1000 companies and private equity firms across industries including software, technology, telecom, consumer, and healthcare.

Renasant Business Credit is pleased to announce four recent fundings, totaling over $44 million.

Renasant Business Credit is pleased to announce four recent fundings, totaling over $44 million.

Renasant Business Credit is pleased to announce four recent fundings, totaling over $44 million.

Renasant Business Credit is pleased to announce four recent fundings, totaling over $44 million.

Cascade Credit Services, LLC is a 30-year-old business focused on Collateral Exams, Field Audits, and Collateral Monitoring. The company was Founded by Rich Denman, a former ABL Executive in the Pacific Northwest, who is still with the company as a trainer and mentor as well as the Chairman Emeritus of the Board of Advisors.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of three recourse factoring deals across a range of industries totaling $12 million.

Rosenthal Capital Group (RCG), the leading private commercial finance firm in the United States, today announced the completion of three recourse factoring deals across a range of industries totaling $12 million.

Global consulting and expert services firm BRG announced that Michael Kwak has joined the firm as a managing director in its Securities practice. With more than two decades of experience advising law firms, corporations and government agencies, Kwak brings deep expertise in securities litigation, market efficiency, damages estimation and valuation.

Siena Lending Group LLC (“Siena”) today announced the closing of a $33,500,000 asset-based credit facility for Dorfman Milano Company (“Dorfman”), a leading designer, manufacturer, and distributor of headwear and accessories. The financing will provide Dorfman with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.

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 Surface Design Group (“Surface Design”) by Milrose Consultants (“Milrose”), an existing portfolio company of Southfield Capital.