TSL Express Daily Articles & News

Citizens Private Bank today announced the launch of Liquidity Lines of Credit, a tailored credit solution designed for private equity and venture capital partners and professionals. As the private markets continue to mature, with increasing sophistication in fund structures and personal capital planning, Citizens Private Bank is committed to delivering solutions that directly support the evolving needs of the industry.

Evolution Credit Partners Management, LLC (“Evolution”), a leading alternative credit investment manager, today announced that Scott Barek has joined the firm as Managing Director. Based in the New York office, Mr. Barek will lead structured credit investments and support the firm’s continued efforts to deliver differentiated, risk-managed solutions to institutional investors.

MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products and delivery devices for patients with endocrine and orphan lung diseases, and funds managed by Blackstone (“Blackstone”) today announced that they have entered into an up to $500 million strategic financing agreement.

Lendscape is pleased to announce that DF Capital, a specialist bank, has successfully gone live with Lendscape's asset finance platform. This milestone has enabled DF Capital to launch its asset finance offering to market; providing additional financing solutions to SMEs, as well as its first consumer finance products.

First Citizens Bank today announced that its Healthcare Finance business served as sole lender on an $18.59 million financing facility for a joint venture between Cypress West Partners and TPG Angelo Gordon. The financing supports the acquisition and recapitalization of a two-property medical office portfolio located in Tucson, Arizona, and Las Vegas, Nevada.

eCapital Corp. (“eCapital”), a leading tech-enabled specialty finance provider for small and medium-sized businesses across North America and the United Kingdom, has delivered a $15 million asset-based lending (ABL) facility to support the expansion of a Florida-based manufacturer known for its polyvinyl chloride (PVC) products used in commercial and industrial applications.

Hyde Park Capital announced today that its client, Commercial Residential Aluminum (“CRA”), a leading vertically integrated designer, manufacturer, and installer of outdoor aluminum products serving both commercial and residential markets has been acquired by Garden City Equity (“Garden City”).

Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ: MCVT) today announced the successful closing of its $450,000,000 private investment in public equity and has commenced implementation of its industry-first Sui blockchain treasury strategy.

O’Melveny advised the Sui Foundation, an independent organization dedicated to the advancement and adoption of the Sui network, as an investor, in connection with Mill City Ventures III, Ltd.’s US$450 million private investment in public equity.

Manulife Financial Corporation (TSX: MFC), through its more than US$900 billion Global Wealth and Asset Management ("Global WAM") segment, today announced it has signed an agreement to acquire 75%2 of Comvest Credit Partners3 ("Comvest") for US$937.5 million in upfront consideration. Comvest is a rapidly growing, middle market direct lending private credit manager with US$14.7 billion4 on its platform.

J D Factors provided $8,100,000 in new factoring facilities to 27 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Pennsylvania; $500,000 factoring facility for an underground drilling company in Florida.

CIBC Innovation Banking announced today that it has provided a $7.5M facility in growth capital to SmartSkin Technologies, Inc. (SmartSkin), based in Atlantic Canada. The company will use the financing to expand its market reach.

J D Factors provided $8,100,000 in new factoring facilities to 27 new clients in the US and Canada during the month of July. Some of these facilities include: a $800,000 factoring facility for a transportation company in Pennsylvania; $500,000 factoring facility for an underground drilling company in Florida.

Troutman Pepper Locke advised Transom Capital Group (Transom), an operationally focused middle-market private equity firm, in the credit facility financing for a take-private acquisition of SigmaTron International, Inc. (SigmaTron), a global electronic manufacturing services provider. For more information, see the press release.

Bioventus Inc. (Nasdaq: BVS) (“Bioventus” or the “Company”), a global leader in innovations for active healing, today announced that it has entered into a $400 million Senior Secured Credit Agreement (the “Credit Agreement”) consisting of a $300 million term loan facility and a $100 million revolving credit facility on July 31, 2025. The new Credit Agreement will mature on July 31, 2030.

Post Road Group, an alternative investment advisory firm focused on private credit and private equity investments in digital infrastructure, real estate, and specialty finance, today announced the final closing of its most recent flagship fund in its Corporate investment strategy, Special Opportunity Fund III (“SOF III”), with $525 million in total capital commitments.

Mark Patchell has been named Chief Commercial Officer and Head of Originations for Encina Private Credit (“Encina”), the specialty finance company that provides first-out, enterprise value loans to private equity-sponsored and non-sponsored borrowers across the middle market.

First Citizens Bank today announced a major new vendor finance agreement with Anderson UnderBridge, based in York, South Carolina, a leading provider of underbridge access equipment that helps contractors, engineers and transportation departments work faster, safer and smarter on complex bridge projects.

A Northeast manufacturer of printed circuit boards has secured a $2,500,000 line of credit from Prestige Capital to support its turnaround strategy.

Quickpay Funding (“Quickpay”) has established a $200,000 invoice factoring facility for a California-based ship repair company specializing in critical maintenance and fabrication services for U.S. Navy vessels. The new facility offers the critical working capital needed to manage labor costs, purchase materials, and rapidly mobilize for time-sensitive defense projects.