- Asset-Based Lending & Factoring Surveys
- nFusion Capital Increases Synovus Bank Credit Facility to $125 Million
- Ivy Asset Group Announces a Senior Debt Investment in Silver Creek Dental Partners
- Webster Announces Chief Risk Officer Transition
- Grasshopper Bancorp, Inc. Announces Completion of Grasshopper Bank’s Merger With Auto Club Trust, FSB
TSL Express Daily Articles & News
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Legacy Corporate Lending Appoints Lisa DeSantis Adams as Managing Director of Originations
PLANO, Texas – February 20, 2025 – Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the appointment of Lisa DeSantis Adams as Managing Director of Originations.
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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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VAALCO Energy, Inc. Enters Into New $300 Million Revolving Credit Facility
March 5, 2025VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) announced that it has entered into a new revolving credit facility (“the new facility”) with an initial commitment of $190 million and the ability to grow to $300 million, led by The Standard Bank of South Africa Limited, Isle of Man Branch with other participating banks and financial partners.
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Rivonia Road Capital Provides $50 Million Credit Facility to Insurance Commission Advance Provider
March 5, 2025Rivonia Road Capital LLC (“Rivonia”) is pleased to announce the closing of a $50 million senior secured revolving credit facility for a leading provider of commission advance financing to accident and health (“A&H”) insurance agencies (the “Company”).
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CalciMedica Secures Credit Facility for Up to $32.5 Million
March 5, 2025CalciMedica Inc. ("CalciMedica" or the "Company") (Nasdaq: CALC), a clinical-stage biopharmaceutical company focused on developing novel calcium release-activated calcium (CRAC) channel inhibition therapies for acute and chronic inflammatory and immunologic illnesses, today announced that the Company has entered into a credit facility with Avenue Venture Opportunities Fund II, L.P., a fund of Avenue Capital Group, providing up to $32.5 million.
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Rockland Trust Promotes Portfolio Manager to Commercial Banking Officer
March 5, 2025Rockland Trust has promoted Christopher O’Sullivan to associate VP, commercial banking officer for the Middle Market Commercial Banking Team. In this role, O’Sullivan will be responsible for identifying and managing relationships with middle-market companies across New England.
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CIBC Innovation Banking supports MediSpend’s acquisition of Real Life Sciences
March 5, 2025CIBC Innovation Banking announced today that it has provided credit facilities to support MediSpend’s acquisition of Real Life Sciences (“RLS”), a leading provider of advanced anonymization and redaction solutions for clinical trial data. Backed by Susquehanna Growth Equity (“SGE”), MediSpend provides commercial compliance solutions for the largest pharmaceutical, medical device and dental companies as well as emerging biotech companies across the world.
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SLR Business Credit Closes $13.5 Million Credit Facility
March 5, 2025SLR Business Credit is pleased to announce the funding of a $10,000,000 ABL RLOC for an over 80-year-old manufacturer of custom precision components for the medical, energy, nuclear, aerospace, defense, and oil & gas industries.
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Alleon Healthcare Capital Provides a $2,000,000 Medical Accounts Receivable Financing Facility to a NJ-Based Mental Health Disorders and Substance Abuse Center
March 5, 2025Alleon Healthcare Capital, LLC (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 medical accounts receivable financing facility with a mental health disorders and substance abuse center based in New Jersey (“Company”).
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White Oak Commercial Finance Provides $90M Senior Secured Revolving ABL Facility to Leading Steel Production Company
March 5, 2025White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), today announced it has provided a $90M senior secured revolving ABL facility to a leading steel production company and service center. The company and its subsidiaries provide an extensive supply of flat-rolled coil products to the automotive, construction, oil & gas, and agriculture industries.
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Perkins Coie Continues NYC Market Growth With Capital Markets Partner Elliott Smith and Counsel Sarah Ross
March 5, 2025Perkins Coie is pleased to announce that Elliott Smith and Sarah Ross have joined the firm’s Corporate & Securities practice as a partner and counsel, respectively, in the New York office. Their additions further strengthen the firm’s public company and capital markets presence and capabilities in the world’s leading financial market.
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Azzur Group ("Azzur") Reaches Agreement to Sell Consulting Business for $56 Million to ELIQUENT Life Sciences
March 5, 2025Azzur Group, a leading service provider to FDA-regulated pharmaceutical and biotech companies, today announced that it has reached an agreement to sell its consulting business to a strategic acquirer, ELIQUENT Life Sciences with the support of its investor GHO Capital, for $56 million.
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America’s Car-Mart, Inc. Announces Closing on Extension and Upsize of Its Revolving Credit Facility
March 5, 2025America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today announced that it has extended and upsized its asset-based revolving credit facility (“ABL Facility”).
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Octane Closes $150 Million Whole Loan Sale with Nuveen
March 4, 2025Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has sold a portfolio of $150 million of fixed-rate installment powersports loans to Nuveen, the investment manager of TIAA, one of the most highly rated and financially stable insurance companies in the United States.
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GA Group Hires Retail Expert Seth Marks as SVP, Head of Wholesale Solutions
March 4, 2025GA Group, a leading asset disposition, valuation, appraisal, and real estate services firm, today announced that Seth Marks has joined as Senior Vice President and Head of Wholesale Solutions. Marks is a recognized industry expert with over 30 years of experience in off-price retail, wholesale, and liquidation sectors.
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Briar Capital Real Estate Fund Provides $5.6MM Commercial Real Estate Loan to an Ohio Sheet Metal Component Manufacturer
March 4, 2025Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $5.6MM commercial real estate loan in Ohio to a sheet metal component manufacturer doing business in the transportation sector.
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AFS Closes a $4MM ABL Facility to a Third-Party Logistics and eCommerce Order Fulfillment Provider
March 4, 2025Austin Financial Services (AFS) is pleased to announce the closing of a $4 million asset-based lending (ABL) facility comprised of an accounts receivable revolver to a dynamic third-party logistics and eCommerce order fulfillment provider.
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Monroe Capital Selected as the 2024 Lower Mid-Market Lender of the Year by Private Debt Investor
March 4, 2025Monroe Capital LLC (“Monroe”) was selected as the recipient of the 2024 Lower Mid-Market Lender of the Year (Americas) by the Private Debt Investor (“PDI”) awards. PDI is a private markets publication, tracking the institutions, the funds, and the transactions shaping the private debt markets. PDI is published by PEI, the only global B2B information group focused exclusively on private equity, private debt, private real estate, infrastructure and agri investing.
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Gambling.com Group Expands Credit Facility to $165 Million
March 4, 2025Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a fast-growing provider of digital marketing services for the global online gambling industry, today announced it entered into an amendment to its existing credit facility (the “Credit Facility”), with Wells Fargo Bank, National Association, as administrative agent, expanding its total available credit and extending its maturity.
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Trinity Capital Inc. Expands Life Sciences Presence to East Coast with John Orlando as Managing Director
March 4, 2025Trinity Capital Inc. (NASDAQ: TRIN) (the "Company"), a leading alternative asset manager, today announced the appointment of John Orlando as Managing Director of Life Sciences, based in Boston. Mr. Orlando, an established leader with over a decade of experience in venture lending, has built a strong reputation as a trusted partner within the Life Sciences industry.
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SLR Healthcare ABL Provides Financing to a Healthcare Staffing Company
March 4, 2025SLR Healthcare ABL has provided a $4MM asset-based revolving credit facility to a sponsor-backed, highly diversified healthcare staffing business. The company offers the following services nationwide: locums/permanent staffing for physicians, CRNAs, NPs and PAs across multiple specialties;
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Peapack Private Bank & Trust Welcomes Joseph E. Fingerman
March 4, 2025Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are proud to announce that Joseph E. Fingerman has joined the Bank as Senior Managing Director and President of Commercial Real Estate, responsible for managing and growing the Bank's commercial real estate lending platform.
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The Secured Lender
SFNet's Women in Secured Finance Issue