TSL Express Daily Articles & News
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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.
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Interview with Otterbourg Attorneys: Over 100 Years of Providing Legal Expertise to the Secured Finance Industry
TSL’s editor-in-chief sat down with Otterbourg attorneys Allen Cremer, Dan Fiorillo, Pauline McTernan and Lena Surilov, to discuss the firm’s secret to success over the past 100 years, what lenders should look out for in 2025 and possible implications of the election. Based in New York City, Otterbourg represents financial institutions (including banks, asset-based lenders, hedge funds, finance companies and insurance companies) and corporations and other business enterprises.
TSL Express Daily Headlines & News
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Latham & Watkins Expands Investment Funds Practice in New York
March 4, 2025Latham & Watkins LLP is pleased to announce that Mark Proctor has joined the firm’s New York office as a partner in the Investment Funds Practice. Proctor advises clients on the establishment of, investment in, and ongoing operation of private investment vehicles, and regularly provides advice to investment managers in connection with various strategic transactions.
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Nuvation Bio Secures Up to $250 Million in Non-Dilutive Financings from Sagard Healthcare Partners
March 4, 2025Nuvation Bio Inc. (NYSE: NUVB), a global biopharmaceutical company tackling some of the greatest unmet needs in oncology, today announced non-dilutive financings of up to $250 million with Sagard Healthcare Partners (Sagard). The transaction comprises a royalty interest financing of $150 million and a senior term loan of up to $100 million.
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Solifi Names Karan Oberoi as Chief Product Officer
March 4, 2025Solifi, a global fintech software partner for secured finance, announced the appointment of Karan Oberoi as its new Chief Product Officer. Mr Oberoi brings a wealth of experience to Solifi, having previously served as Chief Product Officer with Backbase, a leading Engagement Banking platform in The Netherlands.
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Citizens Financial Group Announces Executive Committee Appointments
March 3, 2025Citizens Financial Group, Inc. (NYSE: CFG) today announced appointments to the company’s Executive Committee that will help further accelerate its strategic growth agenda.
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e.l.f. Beauty Secures $500 Million Revolving Credit Facility
March 3, 2025e.l.f. Beauty, Inc. (NYSE:ELF), a Delaware-based cosmetics company with a market capitalization of $3.96 billion and impressive gross margins of 71%, has entered into a significant financial agreement, establishing a new $500 million revolving credit facility.
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Dixie Group Secures New $75 Million Credit Line
March 3, 2025Today, Dixie Group Inc. (market capitalization: $8.17 million), a manufacturer in the carpets and rugs industry, announced the establishment of a new $75 million revolving credit facility with MidCap Financial IV Trust.
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Wingspire Equipment Finance Expands Partnership with Global IT Managed Service Provider With $30 Million Capital Lease
March 3, 2025Wingspire Equipment Finance has strengthened its seven-year relationship with a leading IT managed service provider (MSP) by providing a $30 million capital lease. This latest transaction is part of a broader financial partnership, bringing total funding to over $100 million.
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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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