TSL Express Daily Articles & News

Rite Aid filed for bankruptcy on Monday for the second time in less than two years after a previous restructuring reduced the U.S. pharmacy chain's debt but failed to address its long-term business challenges.

Clifford Chance has hired Reuven Falik as a partner in the firm's US Tax, Pensions and Employment (TPE) group, strengthening its domestic executive compensation offering. Falik will also serve as Co-Chair of the US Executive Compensation practice alongside senior counsel Howard Adler.

Faegre Drinker announced today that Wagma Gharwal has joined the firm’s finance and restructuring group as counsel in the Minneapolis office. Gharwal joins from a payments and data company, where she served as director of contract strategy and management.

First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) announced that Corey A. Chambas intends to retire from his role as Chief Executive Officer on May 2, 2026. The Company will name President and Chief Operating Officer David R. Seiler to succeed him as CEO effective the same date.

CSW Industrials, Inc. (Nasdaq: CSWI) today announced the renewal and extension of its existing Revolving Credit Facility, including an increase of the Facility’s commitment from $500 million to $700 million in partnership with a group of nine banks. The renewed Revolving Credit Facility has a five-year term and now matures in May of 2030.

Rosenthal & Rosenthal, the leading private commercial finance firm in the United States, today announced that, going forward, the 87-year-old company will be doing business under a new moniker, Rosenthal Capital Group (RCG).

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million accounts receivable and inventory revolver facility for a specialty food manufacturer focused on plant-based food products.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is proud to announce the launch of its newly redesigned website, aimed at providing an improved and more intuitive user experience.

VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility.

J D Factors provided $12,560,000 in new factoring facilities to 41 new clients in the US and Canada during the month of April. Some of these facilities include: a $1,500,000 factoring facility for a petrochemical inspection company in Texas and a $450,000 factoring facility for a transportation company in South Carolina.

JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, today announced the closing of a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the funds to continue to innovate and expand its diverse line of parent-loved products

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC (“BMC” or the “Company”).

In Spring 2025, members of Generative AI at Cornell partnered with QuickFi® to explore how generative AI could solve two growing operational challenges: the tedious manual verification of borrower insurance certificates, and the difficult and sometimes inconsistent background checking of vendors supplying equipment to borrowers.

Jones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment and restatement of a $4 billion senior unsecured revolving credit facility for Realty Income Corporation, a Maryland corporation and publicly traded real estate investment trust; AND in a $1.38 billion senior unsecured credit agreement.

Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent to support the leveraged buyout of Marcy Laboratories by LFM Capital. In addition, Abacus Finance Group made an equity co-investment in Marcy Laboratories.

CohnReznick today announced that Paul Nocco, CPA, has joined the firm as an assurance partner who will focus on serving clients in the Commercial Real Estate industry. Based in Denver, Nocco brings more than 25 years of experience in financial analysis and reporting, auditing, internal control policies and procedures, and strategic planning.

Tiger Group today announced its largest audiovisual sale so far in 2025—a three-day auction featuring more than 2,000 lots of cameras, lenses, accessories and other gear from The Camera Division.

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andy Hull has joined as a Managing Director and Head of Midstream in the firm’s Oil & Gas Group. Based in Houston, Mr. Hull will lead and further enhance the firm’s midstream coverage.

First Citizens Bank today announced that it has won two gold Stevie® awards for business excellence in the 23rd annual American Business Awards competition.

Hedge funds are betting that trade wars, a shrinking economy and rising strain among borrowers will begin to hit private credit in the US. So far, the gamble’s paying off.