TSL Express Daily Articles & News

PGIM today announced the final close of PGIM Senior Loan Opportunities II, L.P. (“PSLO II”), the second commingled private credit fund available to unaffiliated investors in its middle market direct lending series. PSLO II closed with over $4.2 billion in available capital commitments, making it one of the largest middle market direct lending private credit fundraises year to date,1 and reflecting strong support from a global base of institutional investors.

Eldridge Diversified Credit, the private, liquid, and asset-based credit investment strategy of Eldridge Capital Management (“Eldridge”), has announced the renewal and upsizing of its Shreveport, LA terminal lease facility with Calumet, Inc. (NASDAQ: CLMT) (“Calumet” or the “Company”).

Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that we have recently completed the following stretch finance transactions: A $110,000 facility for a Canadian skin care company; a $150,000 facility for a Canadian meat farm and processor; a $25,000 facility for a Canadian automotive products company and a $42,000 facility for a trucking company.

Truist Financial Corporation (NYSE: TFC) today announced new leadership for its commercial banking team in Florida and the addition of six new Truist Wealth advisors.

Portage Point Partners, LLC (Portage Point), a blue chip advisory, consulting, interim management, investment banking and financial services firm focused on the middle market, is proud to announce the launch of its Valuations practice and welcomes Jeremy Glass as Managing Director.​

TAB Bank funded growth for 218 companies in Q2 2025 with loans totaling $66 million. Companies signed with TAB Bank for working capital, cash flow management through factoring, equipment purchases and small business lines of credit. Businesses in the manufacturing, transportation, healthcare, food, fintech and toy/game industries selected TAB Bank as their financial partner.

On July 29, 2025, FormFactor, Inc. entered into a Revolving Credit Agreement with Wells Fargo Bank, establishing a $150 million credit facility to support working capital and general corporate purposes.

Eastern Bank is pleased to welcome Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking. Ms. LeMay brings over 25 years of experience advising commercial clients on interest rate risk management and structuring complex financial solutions through derivative products.

Garnet Capital Advisors, a nationally recognized loan sale advisor, is proud to announce two successfully closed consumer loan sales totaling $35 million in UPB. The loans were sold on behalf of Huron Trustee Group, a leading consulting firm in North America, following the bankruptcy of the originator and initial servicers.

Wells Fargo & Company (NYSE: WFC) today announced that the Board of Directors of Wells Fargo intends to appoint Charlie Scharf, Chief Executive Officer, Wells Fargo, as Chairman of the Board. When Mr. Scharf becomes Chairman, the Board intends to appoint a Lead Independent Director to support the Board’s continued independent oversight.

Information Services Corporation (TSX:ISC) (“ISC” or the “Company”) announced today that it has extended the Company’s secured syndicated credit facility (the "Credit Facility") by entering into a third amendment to the amended and restated credit agreement with its syndicate of lenders.

Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in molecular diagnostic testing and precision medicine, today announced it has closed a five-year senior secured term loan credit facility providing up to $200 million of capital from OrbiMed, a leading global healthcare investment firm. The facility includes $125 million of funded capital with an option to borrow up to an additional $75 million until June 30, 2027.

Global professional services firm Huron (NASDAQ: HURN) today announced the successful refinancing and expansion of its senior secured credit facility.

J.P. Morgan Payments is unveiling its Supply Chain Finance (SCF) solution integrated with Oracle Fusion Cloud Enterprise Resource Planning (ERP) to optimize working capital — a solution that is being used by FedEx. This milestone underscores J.P. Morgan Payments' commitment to delivering cutting-edge financial solutions to its clients.

Flagstar Bank has named Vince Belcastro as Senior Vice President and Head of Portfolio for its Asset Based Lending (ABL) division, marking his return to the ABL industry after several years in private equity-backed advisory roles and a variety of Group Head roles in the equipment finance industry.

Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest-based distributor of lighting fixtures and other household hardware items.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Axiom Real-Time Metrics Inc. (“Axiom” or the “Company”) in the sale of substantially all assets to Sitero Canada Inc. (“Sitero”). The sale was effectuated through a Court-supervised Receivership Proceeding in the Ontario Superior Court of Justice. The transaction closed in July 2025.

Attorneys from global law firm Greenberg Traurig, LLP in Mexico City advised BBVA Mexico in its roles as administrative agent, collateral agent, structuring agent, and sole bookrunner, as well as a syndicate of 11 leading financial institutions and entities acting as lenders, in connection with a syndicated credit facility totaling up to MXN$6.6 billion (approximately USD$351 million) granted to Fibra Shop

CohnReznick, a leading professional services firm, today announced that Andre Chammas has joined its Private Client Services practice as a partner. Based in Miami, Chammas brings 30 years of experience in public accounting with deep expertise in tax compliance and consulting as well as financial reporting.

Evolv Technologies Holdings, Inc (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that it has entered into a new $75 million credit facility with MidCap Financial, consisting of a $60 million tranched term loan ($30 million of which was drawn at close with an additional $30 million available to be drawn at the Company’s sole discretion over the next two years) and a $15 million undrawn revolving credit facility.