TSL Express Daily Articles & News

EverBank Financial Corp, the parent company of EverBank, N.A., and WaFd, Inc. (NASDAQ: WAFD), the parent company of WaFd Bank, today announced they have entered into a definitive merger agreement providing for a strategic combination of EverBank Financial Corp and WaFd, Inc.

Foundation 8, LLC ("Foundation 8") and the Hilco Global Real Estate Capital practice announced the closing of a $44.5 million loan secured by the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix.

Advantage Business Capital welcomes William Garcia to their growing team as the new VP, ABL underwriter/credit analyst. William has over a decade of credit and underwriting experience in the commercial finance industry. Advantage is excited for William’s contributions in the weeks and months ahead.

SouthStar Capital, a private direct lender and specialty finance company, is pleased to announce the closing of a $1.5 million accounts receivable financing facility for a Texas-based specialty contractor providing crane operations, structural steel services, and piping fabrication.

The global law firm Jones Day announced today that Ariele L. Cohen has joined the Firm as a partner in its Corporate practice and based in New York. Ms. Cohen advises private investment funds and investment advisers in connection with their structuring, formation, and ongoing operational needs.

CohnReznick, a leading professional services firm, today announced that Kate Peachway has joined as partner and chief financial officer. As a member of the executive team, Peachway will lead financial strategy and operations for the firm. She has more than 20 years of experience spanning finance, strategy, investing, and business leadership.

TradeCap Partners, LLC (“TradeCap”) is pleased to announce that it recently provided a $7.5 million purchase order funding facility for an importer of warehouse rack systems and carts based in the Midwest. TradeCap was introduced to the client by an asset-based lender who had assessed that the client’s immediate need was Purchase Order funding vs. an accounts receivable and inventory solution.

Gordon Brothers, the global asset experts, today announced a strategic partnership with IMG Licensing to reimagine and expand LK Bennett, the iconic British fashion brand, through a global licensing program. IMG Licensing will serve as the global licensing agency for LK Bennett, supporting the brand’s extension into new categories and markets. The partnership marks the next chapter in LK Bennett’s evolution, transforming the beloved heritage fashion label into a broader lifestyle brand while preserving its distinctive British identity.

U.S. Bank today announced an expanded focus on serving manufacturing businesses, reinforcing its commitment to one of the nation's most important economic sectors through specialized expertise, tailored financial solutions, and dedicated industry support.

Huntington Bancshares Incorporated (Nasdaq: HBAN) ("Huntington") today announced that Brant Standridge has been appointed President of Huntington Bancshares Incorporated and its subsidiary, The Huntington National Bank, effective immediately.

TowerCap has provided a $2 million confidential, non-notification factoring facility to a 10-year-old Oklahoma directional boring contractor serving major infrastructure and utility customers. The facility was structured around customers that do not work with third-party finance providers and was completed as the contractor emerged from a challenging trading period, supported by a strong customer base, healthy work pipeline and substantial receivables.

Ares Commercial Finance (“ACF”) announced today that it provided a $25 million senior secured asset-based revolving line of credit to Real Good Foods (“RGF” or the “Company”), a Bolingbrook, Illinois-based producer of branded, health-focused foods dedicated to nutritious, protein-rich meal solutions that align with consumer dietary preferences.

Commercial Finance Partners (“CFP”), a debt advisory and direct lending platform, has closed a $750,000 accounts receivable purchase facility for a St. Louis-based contract security services company that recently completed a change-of-ownership acquisition financed with an SBA 7(a) loan.

Advantage Business Capital today announces the $2.25MM asset-based loan to a security staffing services company. Advantage provided them with a scalable financing structure capable of supporting the company's expanding operations and future contract growth.

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a $2,250,000 real estate term loan to a privately held craft products company, secured by its owner-occupied industrial property in Wisconsin.

Tiger Group will conduct an online auction featuring vinyl window, patio door and insulating-glass manufacturing equipment and inventory from Showcase Window and Door Company, a longtime manufacturer serving residential new-construction and replacement markets.

TradeCap Partners, LLC ("TradeCap"), a leading provider of purchase order funding, is pleased to announce the closing of a $350,000 purchase order finance facility for a startup candy distributor led by a management team with extensive industry experience.

SouthStar Capital, a private direct lender and specialty finance company, is pleased to announce the closing of a $3 million invoice factoring facility for a Charlotte-based stud welding company serving steel fabricators.

FGI Worldwide LLC (“FGI”), a leading provider of working capital financing and trade credit insurance solutions, has announced that Rick Perea has rejoined FGI Risk as Director of Business Development. Based out of FGI’s Boca Raton office, Mr. Perea will focus on business development and relationship management, working to expand FGI Risk’s presence in the market and connect businesses with tailored trade credit insurance and risk advisory solutions.

MidCap Business Credit LLC is pleased to announce the closing of a $10 million asset-based credit facility for a privately held paper converter specializing in custom paper products for packaging manufacturers. The financing package consists of a working capital revolver and equipment term loan. The facility will be used to support the company’s ongoing working capital needs and refinance existing bank debt.