- TCW Continues Momentum in Alternative Credit With Close of $400 Million CLO
- SLR Healthcare ABL Provides Financing to a Skilled Nursing Operator
- SFNet Market Pulse
- Dollar Tree Offloads Family Dollar Chain for $1 Billion, Ending a Decade-long Effort to Find a Fit
- Yara Refinances Revolving Credit Facility With 11 Banks
TSL Express Daily Articles & News
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Today's Top Story
Featured
Iron Horse Welcomes Neil Wolfe as CEO
Iron Horse Credit (“Iron Horse”), a non-bank lender, is pleased to announce the appointment of Neil Wolfe as CEO. A seasoned executive that will leverage more than 20 years of experience and leadership to execute on the transformation from a niche specialty finance lender to a premier commercial finance company.
TSL Express Trending Story
Featured
Is Your ABL Collateral Covered? Why Action and Close Monitoring Are More Critical Now Than Ever Before
As the market grapples with increased restructurings and rising bankruptcy costs, asset-based lenders face significant risks if they fail to understand the true position of their collateral within a timely manner. Across industries, asset values are declining rapidly. This necessitates more active and frequent collateral and borrowing-base monitoring. This article explores the challenges and evolving trends across asset classes and the implications for asset-based lenders.
TSL Express Daily Headlines & News
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J D Factors Provides $8,825,000 in New Factoring Facilities in February
March 3, 2025J D Factors provided $8,825,000 in new factoring facilities to 27 new clients in the US and Canada during the month of February. Some of these facilities include: a $750,000 factoring facility for a transportation company in Ohio; a $450,000 factoring facility for a transportation company in Ontario.
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Flatbay Capital Funds $1.5MM CRE Line for Texas-based Distributor
March 3, 2025Flatbay Capital's client is a family-owned and operated Texas-based distributor of industrial and maritime products. The company started in 1963 and has become a reputable partner for many national and global manufacturers.
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O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Fort Point Capital in Its Acquisition of NewBold Corporation
March 3, 2025O2 Sponsor Finance, a division of Old Second National Bank, capped off a busy 2024 with new financing activity. O2 Sponsor Finance provided senior secured credit facilities to support Fort Point Capital in its acquisition of NewBold Corporation ("NewBold").
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Northleaf Raises Over US$1 Billion for its Global Cross Capital Structure Private Credit Strategy
March 3, 2025Northleaf Capital Partners (“Northleaf”), a leading global private markets investment firm, today announced that it held the final closing for Northleaf Private Credit III (“NPC III” or the “Fund”). In aggregate, Northleaf raised more than US$1 billion in capital commitments for NPC III and separately managed accounts that invest alongside the Fund.
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Solifi Releases 2025 Edition of the Global Leasing Report
March 3, 2025Solifi, a global fintech software partner for secured finance, announced the launch of the 2025 Global Leasing Report. Covering the trends, economic projections and insights into the top 50 leasing markets worldwide, the 19th edition of the report, the result of a partnership between Solifi and World Leasing Yearbook, is available to download free of charge.
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Polestar Secures USD 450 Million Term Facility and Renews EUR 480 Million Green Trade Finance Facility
March 3, 2025Polestar (Nasdaq: PSNY) advises that it has secured a 12-month term facility of up to USD 450 million and has renewed the EUR 480 million Green Trade Finance Facility (TFF).
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Wilson Sonsini Advises Urgent.ly on Debt Restructuring and New $20 Million Revolving Credit Facility
March 3, 2025On February 26, 2025, Urgent.ly, a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced that it reached an agreement with its lenders resulting in significant capital structure improvements.
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Huntington Business Credit Provides $200 Million Credit Facility for REPS & Company, LLC
March 3, 2025Huntington Business Credit acting as Administrative Agent, Joint Lead Arranger and Sole Bookrunner closed a $200,000,000 new credit facility with REPS & Company, LLC on February 5, 2025. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.
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Hedaya Capital Provides $3.5 Million to Young HealthTech Company
March 3, 2025The Hedaya Capital Group recently provided a $3.5 million factoring and inventory financing facility to a branded consumer electronics company. Launched in 2020 and headquartered in New York City, their goal is to develop bath products and kitchenware that is beautiful, easy to use, and that help improve people’s lives.
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TowerBrook Capital Partners Announces Strategic Investment in BRG
March 3, 2025TowerBrook Capital Partners L.P. ("TowerBrook") today announced a majority equity investment in Washington D.C.-based Berkeley Research Group ("BRG"), an industry-leading expert services and consulting firm.
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Element Fleet Management and Blackstone Announce Strategic Funding Relationship
March 3, 2025Element Fleet Management Corp., the largest publicly traded, pure-play automotive fleet manager in the world, and funds managed by Blackstone Credit & Insurance, through its Infrastructure & Asset-Based Credit group, today announced the establishment of a strategic funding relationship involving a portfolio of Canadian fleet lease receivables valued at approximately CAD $500 million.
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White Oak Europe and White Oak Commercial Finance Close an ABL Facility of up to $125 Million USD Provided by Wells Fargo
March 3, 2025White Oak Commercial Finance (“WOCF”) and White Oak Europe (“WOE”), affiliates of White Oak Global Advisors (“White Oak”), today announced the closing of a new multicurrency credit facility of up to $125 million USD from Wells Fargo. The new facility will allow WOCF and WOE to finance UK-and Irish-based sponsored and non-sponsored borrowers as well as UK and Irish affiliates of US borrowers.
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Mach Natural Resources LP Announces Successful Completion of Refinancing Transaction
March 3, 2025Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced the successful closing of a senior secured reserve-based revolving credit facility (the “New Credit Facility”) with a syndicate of ten banks, including Truist Bank as administrative agent and collateral agent. The New Credit Facility has an initial borrowing base of $750 million.
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H.I.G. WhiteHorse Provides Financing to CCE Group
March 3, 2025H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital ("H.I.G."), is pleased to announce that it has provided a new first lien, senior-secured credit facility for CCE Group ("CCE", or "the Company"), a portfolio company of Hivest Capital Partners ("Hivest"). Based in Paris, France, CCE is an aeronautic platform formed in 2023 following the carveout of Driessen and AviusULD from Safran.
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Haversine Funding Appoints Gen Merritt-Parikh as Co-CEO to Drive Growth and Expansion
March 3, 2025Haversine Funding, a leading provider of specialty finance solutions, is pleased to announce the promotion of Gen Merritt-Parikh, the company's current president, to the position of Co-Chief Executive Officer (Co-CEO), effective February 21, 2025.
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Celtic Capital Corporation Provides $1 Million for a Pacific-based Electrical Maintenance and Lighting Replacement Company
March 3, 2025Celtic Capital Corporation today announced its most recent new client relationship – a Pacific- based electrical maintenance and lighting replacement company for buildings in various commercial industries.
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SFNet New Member Spotlight: Smith & Wilkinson
February 28, 2025Founded in 1998, Smith & Wilkinson is a premier talent advisory consultancy committed to helping clients achieve their strategic objectives by recruiting, developing, promoting, and retaining top talent. We specialize in executive search, executive coaching, small-group leadership development, and succession planning.
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B. Riley Financial Announces $160 Million Debt Financing Provided by Oaktree
February 27, 2025B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has entered into a new $160 million senior secured debt facility ("Term Loan Facility") provided by funds managed by Oaktree Capital Management, L.P. ("Oaktree").
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ZeroNorth Receives $20M Financing From CIBC Innovation Banking
February 27, 2025ZeroNorth, a Copenhagen, Denmark-based technology company focused on the maritime industry, raised $20M in funding. The round was led by CIBC Innovation Banking.
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Urgently Announces Capital Structure Improvements and Secures up to $20 Million in New Financing
February 27, 2025Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders resulting in significant capital structure improvements.
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