TSL Express Daily Articles & News

Buchalter is pleased to announce that Shawn Christianson has been appointed Managing Partner of the firm’s San Francisco office. A distinguished member of Buchalter’s Insolvency & Financial Law practice and former member of the firm’s Board of Directors, Christianson brings decades of experience representing financial institutions, creditors, technology companies, receivers, and bankruptcy trustees in complex insolvency, restructuring and commercial litigation matters.

Business Capital (BizCap®), a national commercial finance and debt advisory firm, today announced the closing of a $12.5 million senior secured revolving credit facility for Project Bravo, a government-contract fulfillment and distribution firm providing sourcing, procurement, and logistics solutions to government agencies and government-related customers. The company is a portfolio company of TEEDUP.

Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, announced it will conduct an online auction featuring a comprehensive offering of cannabis processing, production, packaging and facility support equipment formerly utilized by The Cannabist Company.

Abry Partners (“Abry”), a Boston-based private equity and credit firm, today announced the pricing of its fifth collateralized loan obligation (“CLO”), Abry Liquid Credit CLO 2026-5, LLC (“ALC CLO 2026-5”). The transaction, with a total issuance of $405 million, is the firm’s third pricing in 2026 and brings Abry’s total CLO platform assets under management to over $2 billion, marking continued growth and execution of its liquid credit strategy.

Kapitus, a leading provider of financing for small and medium sized businesses, today announced it has been acquired by an affiliate of InterVest capital partners, a renowned alternative investor with a focus on specialty finance and real estate.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the addition of Christopher Marshall and John “Gus” Wigen-Toccalino to the Operating Partner team. Chris brings deep expertise in finance transformation and will lead the CFO Center of Excellence, while Gus has an extensive background in data and AI and will lead the Data and AI Center of Excellence.

Alkegen (the “Company”), a leading specialty materials manufacturer, today announced that it has voluntarily commenced prepackaged chapter 11 cases in the U.S. Bankruptcy Court for the Northern District of Texas to implement the Restructuring Support Agreement ("RSA") that was previously announced on July 20, 2026.

Webster Healthcare provided $43.35MM in financing as Sole Lender to support the development of a 144-unit Senior Housing Community comprised of Independent Living, Assisted Living, and Memory Care located in Rehoboth Beach, Delaware. Webster Bank provided financing to a tri- party venture among a large institutional investor, REDICO, and Ciel Senior Living – a best in class Senior Housing partnership that will own, develop, and operate the property.

A global study of 178 senior fund manager executives released today by Clearwater Analytics finds a decisive shift in the asset management industry: the majority of fund managers now expect AI to deliver major or transformative change across critical front-, middle-, and back-office functions within the next year.

The global law firm Jones Day announced today that Nicholas Dunstone, a leading pan-APAC restructuring lawyer, has joined the Firm as a partner in its Business Restructuring & Reorganization Practice. He will be in Jones Day’s Sydney office.

Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the investment in Powder Alloy Corporation (“PAC”) by private equity sponsor AE Industrial Partners.

Eclipse Business Capital LLC (“EBC”) announced that it has provided a $55 million asset-based lending credit facility to a leading regional building materials supplier. The credit facility, secured by the Company’s working capital assets, refinanced the Company’s existing bank debt and provides additional liquidity and flexibility for ongoing working capital needs.

Top California Lender announced today the closing of a $7 million construction bridge loan for a mixed-use development project located in Kansas City’s Riverfront district.

Provident Bank, a leading New Jersey-based financial institution, has announced it recently awarded $50,000 in grants to 6 non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG Program provides funds to benefit the small businesses of FHLBNY members, including farms and non-profit organizations.

Nixon Peabody LLP represented energy infrastructure company Strata Clean Energy in securing a $150 million increase to the company’s revolving credit facility, for a total of $450 million.

Summit Royalties Ltd. (TSXV: SUM, OTCQX: SUMMF) ("Summit" or the "Corporation") is pleased to report that it has entered into a credit agreement with National Bank of Canada for a revolving credit facility (the "Facility") with an initial commitment of US$25 million. The Facility includes an accordion feature providing for up to an additional US$25 million, subject to the satisfaction or waiver of certain conditions, for total potential availability of US$50 million.

Rockland Trust is pleased to announce that Derek Devoe has joined the North of Boston Commercial Banking team as a Vice President, Commercial Banking Officer. Devoe will be responsible for developing new and managing existing Commercial Real Estate (CRE) relationships, including delivering customized banking, credit, and treasury solutions that support long-term business growth across the North of Boston region.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Good Boy Vodka, LLC (“Good Boy Vodka” or the “Company”). The credit facility consists of a revolver with an accordion feature with proceeds used to provide incremental liquidity to support the ongoing working capital needs and growth of the brand.

Encina Private Credit announced today that it has changed its name to Encina Commercial Finance (“ECF”) in order to more accurately reflect the firm's expanding capabilities as a specialty finance company. While ECF will continue to focus on its market-leading, first-out enterprise value loan product, the firm has expanded its capabilities to better serve both asset-light and asset-intensive businesses.

SFNet is saddened to inform our readers about the passing of Richard Solar, past SFNet Chairman.