TSL Express Daily Articles & News

Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, is pleased to announce the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022.

Equify Financial is proud to announce the appointment of Ritzon Fernandez as Senior Vice President of Sales. Fernandez offers a demonstrated history of success in commercial equipment finance and asset-based lending, complemented by extensive leadership experience overseeing regional sales operations.

SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced that it has entered into a $7 million senior secured convertible note (the "Note") agreement with a current institutional shareholder.

Versant Funding LLC is pleased to announce it has funded a $30 million non-recourse factoring facility to a company that manufactures and distributes furniture to major brick-and-mortar as well as on-line retailers.

Ernst & Young LLP (EY US) has announced the finalists for the prestigious Entrepreneur Of The Year 2025 New England Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors bold entrepreneurs whose innovations shape the future and pave the way for a thriving economy and a hopeful tomorrow.

Sallyport Commercial Finance announced it has provided a $250,000 accounts receivable financing facility for a growing IT and technical staffing business. The facility will help meet the rising payroll demands of their temporary workforce. The client, introduced to Sallyport by our valued partners at Northrim Funding Services, is forecasting strong near-term growth and is targeting $1M+ in revenue by 2026.

HOMIE, the new company delivering healthy home solutions for everyday people, has announced a strategic partnership with Climate First Bank, a mission-driven financial institution committed to sustainability. ​

A new era of uncertainty will test resilience of direct lending portfolios. S&P Global Ratings anticipates the immediate impact of the Trump administration’s tariff policy will be contained for direct lending portfolios due to their predominantly domestic focus and emphasis on services.

Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.

Fusion Connect, a proven leader in cloud communications services, announces that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million. The proceeds will be used for operating capital, to pay down existing debt, and to drive new strategic investments which will further accelerate Fusion's growth.

Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's" or the "Company"), a specialty retailer of home décor and furnishings, today announced the closing of a $5.2 million expansion of the existing credit agreement with Beyond, Inc. ("Beyond"). The upsized facility strengthens Kirkland's financial position, providing flexibility for general working capital purposes and support for the Company's updated store conversion strategy.

Utica is pleased to announce the closing of a $3,100,000 Capital Lease for a Permian Basin oilfield services and aggregates provider. Secured by heavy construction machinery, site‑development equipment, and aggregate processing assets, this transaction enables the company to refinance existing debt and strengthen its working‑capital position.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has agented a $130 million senior secured revolving credit facility for Panavision Inc. (“Panavision”). Panavision, a sponsor-owned company, is a premier global provider of high-precision cinema lenses, cameras, lighting equipment, and post-production services for the motion picture, television, and commercial markets.

Gibraltar Business Capital is pleased to announce that Andrew Gustin has joined as SVP of our Midwest Region. Andrew will lead origination activities across the Midwest to support GBC’s strategic expansion, offering asset-based loans between $10MM and $100MM to businesses looking for non-dilutive capital.

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $7.5 million asset-based facility to a west coast based corporate relocation and housing company (“the Company”). The credit facility provides availability against accounts receivable and an overadvance facility to provide additional working capital for certain startup expenses.

NFI Group Inc. (NFI), a leader in propulsion-agnostic bus and coach mobility solutions, today announced that it and certain of its subsidiaries (collectively, the Company) have entered into a new revolving credit facility (the First Lien Facility) with a total borrowing limit of $845 million, which includes $300 million in letter of credit availability.

Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the promotion of Steven Zandpour to executive vice president, head of consumer and business banking, effective July 1, 2025. Zandpour will succeed David Stein, who has announced his intent to retire at the end of 2025 after more than 20 years with the company.

Richmond-based Tredegar Corporation (NYSE:TG), a manufacturer in the nonferrous metal industry with a market capitalization of $280 million, has amended its asset-based lending (ABL) facility, according to a recent 8-K filing with the Securities and Exchange Commission.

Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.

The SAF Group ("SAF"), one of Canada's leading alternative capital providers, is pleased to announce that Nur Khan has joined the firm as Managing Director to lead its newly launched Asset-Based Finance ("ABF") strategy.