- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Justin Rutledge Joins First Horizon Bank as Charlotte Market President
- Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
- News Detail
- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Cambridge Savings Bank Appoints Cal Navatto as Senior Vice President, Senior Asset-Based Lending Relationship Manager
Cambridge Savings Bank (CSB) today announced that W. Calvin “Cal” Navatto has joined the Bank as Senior Vice President, Senior Asset-Based Lending (ABL) Relationship Manager within its Commercial Division. In this role, Navatto will focus on expanding CSB’s asset-based lending portfolio, deepening relationships with middle-market companies, and supporting the continued growth of the Bank’s ABL business.
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The All-You-Can-Eat Borrowing Base
A new trend is reshaping asset-based lending (ABL): the bundling of fixed assets into the borrowing base at the same pricing as traditional working capital assets.
TSL Express Daily Headlines & News
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Polestar Secures New Term Loan Facility of Up To USD 600 Million
December 16, 2025Polestar (Nasdaq: PSNY), as borrower, entered into a credit agreement with a wholly owned subsidiary, as lender, of Geely Sweden Holdings AB in relation to a subordinated term loan facility of up to USD 600 million, of which the last USD 300 million would require lender consent based on Polestar’s future liquidity needs.
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Kimbell Royalty Partners Reaffirms $625 Million Credit Facility and Extends Maturity
December 16, 2025Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 131,000 gross wells across 28 states, today announced the successful completion of its scheduled Fall 2025 redetermination and concurrent amendment and restatement of its secured revolving credit facility.
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PNC Receives Regulatory Approvals for Acquisition of FirstBank
December 16, 2025The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has received the regulatory approvals required to complete its previously announced acquisition of FirstBank Holding Company, including its banking subsidiary, FirstBank. Regulatory approvals have been received from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Colorado Division of Banking.
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Justin Rutledge Joins First Horizon Bank as Charlotte Market President
December 16, 2025First Horizon Bank (NYSE: FHN or "First Horizon") announced today that Justin Rutledge will join the bank as Charlotte Market President. He will report to Laura Bunn, Mid-Atlantic Regional President for First Horizon Bank, and will lead market strategy and execution in Charlotte with a focus on client growth, associate engagement and community service.
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Victory Park Capital Announces New Warehouse Facility with Zip, Expanding Long-Standing Partnership
December 16, 2025Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit, today announced the closing of a new warehouse facility of just over US$283 million with Zip Co Limited (“Zip”), a digital financial services company offering innovative, people-centered products. The facility, arranged in partnership with ATLAS SP Partners and VPC, will support the continued growth of Zip’s U.S. receivables.
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SouthStar Capital Provides $5 Million Accounts Receivable Financing Facility for a Growing Commercial Construction Company
December 16, 2025SouthStar Capital is pleased to announce the funding of a $5 million accounts receivable financing facility for a growing commercial construction company operating in the Midwest.
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BHI Provides $20 Million Capital Call Line to Triangle Capital Group
December 16, 2025BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank announced that the bank has provided Triangle Capital Group with a $20 million capital call line facility for their Triangle Strategic Opportunities Fund, LP to increase liquidity ahead of potential opportunistic investments and acquisitions that they forecast to close upon in the next 18-24 months.
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Monroe Capital Supports Growth of Recognize Partners’ SDG Corporation
December 16, 2025Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of SDG Corporation (“SDG”) by private equity sponsor Recognize Partners.
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Wolters Kluwer Indicator Survey Finds Lower Concern Levels Following Significant Drop in Regulatory Penalties
December 16, 2025Wolters Kluwer Financial & Corporate Compliance today announced the results of its latest Regulatory & Risk Management Indicator (“Indicator”) survey, revealing a third consecutive year of declining concern levels among U.S. banking industry respondents regarding the management of their risk and regulatory compliance obligations.
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Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
December 15, 2025The Cascade Credit Services Board of Advisors and CEO, Wade Owens, is pleased to announce the addition of Errin Richardson Glasgow as the company’s new President of nationwide operations. With over three decades of experience in the asset-based finance sector, Glasgow is widely respected for her leadership, collaborative approach, operational insight, and deep understanding of credit risk and borrower dynamics.
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SFNet New Member Spotlight: Cascade Credit Services, LLC
December 15, 2025Cascade Credit Services, LLC is a 30-year-old business focused on Collateral Exams, Field Audits, and Collateral Monitoring. The company was Founded by Rich Denman, a former ABL Executive in the Pacific Northwest, who is still with the company as a trainer and mentor as well as the Chairman Emeritus of the Board of Advisors. The company is now owned and operated by entrepreneurs based in Texas, all with over 30+ years in credit, lending, financial due diligence and private company ownership and management.
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Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
December 15, 2025Siena Lending Group LLC (“Siena”), today announced the closing of a $60,000,000 asset-based credit facility for Taskmaster Components (“Taskmaster”), a premier provider of cargo and utility trailer tires, wheels, components, and assemblies to OEMs, distributors, and dealers across North America.
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Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
December 15, 2025Republic Business Credit provided a $750,000 factoring facility to an emerging footwear manufacturer. Republic’s traditional factoring product and credit protection services will support the Company’s working capital needs and growth strategy while protecting it from credit risk.
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Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
December 15, 2025Maxim Commercial Capital (“Maxim”) is pleased to announce Donald S. Cosenza, CLFP, has joined the company as Senior Vice President, Business Development. Cosenza brings more than 25 years of senior-level sales and marketing experience at national financial services firms to Maxim, where he will lead the company’s national referral partner marketing strategy.
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Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
December 15, 2025Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a $6 million revolving line of credit to Arocam Sports, a Massachusetts-based operator of youth sports apparel, footwear, and equipment businesses.
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Westwood Financial Expands Corporate Credit Facility By $145 Million To $470 Million Total
December 15, 2025Westwood Financial, a Los Angeles-based retail real estate investment firm, has raised additional capital by closing a recast and $145 million upsize to its corporate credit facility, increasing the total facility to $470 million. The 55-year-old firm said the expanded financing strengthens liquidity and flexibility as it pursues a long-term growth strategy centered on neighborhood retail, particularly grocery-anchored assets.
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Spirit Airlines Gets $100 Million Lifeline Amid Restructuring
December 15, 2025Spirit Aviation Holdings Inc. received a short-term lifeline from creditors after securing access to another tranche of financing, easing immediate pressure on the carrier as it works through its second bankruptcy in less than a year.
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Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
December 15, 2025The Small Business Investor Alliance (“SBIA”) announced the appointment of Seth Friedman, Managing Director of Abacus Finance Group, LLC, to its Board of Governors. Mr. Friedman will serve as the Northeast Regional Chair, representing the interests of small business investment companies throughout the region.
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HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
December 15, 2025HyperAMS advised Enterprise Coated Products Inc. (“Enterprise” or the “Company”) on its sale to Loparex, a strategic private-equity-owned company. HyperAMS served as the exclusive sales agent to Enterprise with the transaction, which closed in November 2025.
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Jones Day Names 33 new Partners
December 15, 2025The global law firm Jones Day has announced that the following 33 lawyers listed below will be admitted to the Firm’s partnership effective January 1, 2026.
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