- Runway Growth Capital Welcomes Ryan McCarthy as Managing Director
- Sallyport Commercial Finance Provides a $1.5 Million Boost for Post-CCAA Canadian Bakery
- First Horizon Bank Names Todd Warrick as Triangle Market President in the Mid-Atlantic Region
- Rostrum Pacific Secures $150 Million in Financing from Crayhill Capital Management to Accelerate Music Catalog Growth Strategy
- Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SFNet Announces 2023 Hall of Fame Inductees
SFNet is pleased to announce the 2023 inductees into the SFNet Hall of Fame. This testament to recipients of our Lifetime Achievement Awards recognizes individuals who have made unique, significant or lasting contributions to the secured finance industry throughout their careers.
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Taking a More Proactive Approach to Retention
Secured finance, much like the rest of financial services, is often a high-pressure industry, requiring long hours to resolve client concerns, handle due diligence, and scout for new prospects. Professionals in the field are commonly answering emails in the wee hours of the morning and late into the night. But the greying of the industry and attrition are causing secured finance executives to take a long, hard look at employee concerns, as well as DEI, recruitment, and retention initiatives.
TSL Express Daily Headlines & News
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Helix Extends its Revolving Credit Facility
August 5, 2024Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior debt maturities, and increases the letter of credit basket size from $20 million to $55 million.
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Texas Capital Appoints Todd Jordan to Serve as Austin Market President and Leader of Austin Middle Market Banking
August 5, 2024In his new role, Jordan is responsible for delivering best-in-class products and solutions with a strong focus on client service, driving Texas Capital’s strategy and instilling the firm’s culture across Central Texas.
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The Pennant Group Announces New $250 Million Credit Facility
August 5, 2024The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that the Company has increased its credit facility by $100 million to an aggregate of $250 million. The borrowings are supported by a lending consortium arranged by Truist Securities.
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Eclipse Business Capital Provides an $80MM ABL Credit Facility to a Consumer Products Manufacturer
August 5, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided an $80 million ABL credit facility to a consumer products manufacturer. The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing credit facilities and provide additional liquidity for working capital purposes.
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Cliffwater Enhanced Lending Fund Announces Completion of $1.175 Billion Revolving Credit Facility
August 5, 2024Cliffwater Enhanced Lending Fund ("CELFX" or "the Fund"), an interval fund providing access to alternative private credit strategies, has announced the closing of a senior secured syndicated revolving credit facility (the "Facility"). The Facility is led by PNC Bank, N.A., as administrative agent and joint lead arranger and Barings as joint lead arranger through the Barings Portfolio Finance team.
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KBRA Private Credit: Q2 2024 Middle Market Borrower Surveillance Compendium–EBITDA to the Rescue
August 5, 2024In KBRA’s Q2 middle market (MM) surveillance compendium, we examine how revenue and EBITDA growth have cushioned the blow of higher interest costs among private credit borrowers. The analysis is especially interesting due to the dearth of observed defaults so far, relative to our expectations.
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BofA Names Drew Slocum as Wisconsin President
August 5, 2024Today, Bank of America named Drew Slocum as president of Bank of America Wisconsin. As president, Slocum will lead the Wisconsin market and will be responsible for connecting clients, teammates and communities to the bank's eight lines of businesses and the full power of Bank of America.
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Eisner Advisory Group Names 23 Partners, Including Trio in New Jersey
August 5, 2024Eisner Advisory Group LLC, the business consulting firm with a major presence in New Jersey, has admitted 23 new partners, effective Thursday, including three in the Iselin office.
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Sabio Announces Closing of a New US$10 Million Credit Facility
August 1, 2024Sabio Holdings Inc., a California-based ad-tech company that specializes in delivering highly targeted ads, insights, and services in ad-supported streaming to top Fortune 100 brands, is pleased to announce the closing of a new credit facility pursuant to the terms of a credit agreement between its U.S. operating subsidiaries and SLR Digital Finance ("SLRDF").
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CIBC Innovation Banking Provides Growth Capital Financing to Wisedocs Inc.
August 1, 2024CIBC Innovation Banking announced today that it has provided $4.5M CAD in growth capital financing to support Wisedocs’ mission to both further broaden its client base and to expand its product offering. Wisedocs’ artificial intelligence (AI) software platform summarizes claim files for the insurance industry to enable fast and inexpensive medical record reviews.
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US Capital Global Securities Launches $50MM Equity Offering in Zenion Laboratories
August 1, 2024US Capital Global Securities LLC, an SEC-registered affiliate of renowned global financial group US Capital Global, is pleased to present eligible investors with a unique investment opportunity to participate in an investment round of up to $50 million for Zenon Laboratories (“Zenion” or the “Company”). Initially funded by NASA and deployed on the International Space Station, Zenion’s nanotechnology products provide low-cost, chemical-free drinking water that is inordinately superior to existing purification, filtration, and flocculation solutions.
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First Citizens Wealth Expands Support for Entrepreneurs and Business Owners in Fast-Growing Atlanta Market
August 1, 2024First Citizens Wealth today announced it is expanding its presence in Atlanta to better support growing demand from its core clientele of entrepreneurs and business owners.
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Monomoy Announces Promotions Across Investment, Operating and Origination Teams
August 1, 2024Monomy Capital Partners are thrilled to announce six well-deserved promotions across the Monomoy Investment, Operating and Origination Teams. These individuals’ collective efforts have been integral to the firm’s successes, and we look forward to the continued excellence each team member will bring to the firm and our partners.
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LibreMax Capital Partners with iCapital® to Expand Access to Securitized Products and Asset-Backed Finance
August 1, 2024LibreMax Capital, LLC (“LibreMax”), an asset management firm specializing in securitized products and asset-backed finance, today announced that it has entered into a partnership with iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, to offer wealth managers and advisors globally access to LibreMax’s investment strategy via iCapital Marketplace.
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Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan
August 1, 2024Morgan Stanley, Barclays, UBS, Bank of America, JPMorgan, Mizuho and SMBC are acting as joint lead arrangers and book-runners for the Term Loan. PJT Partners is acting as financial advisor to Allegro.
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Goldman Sachs Alternatives Makes $440 Million Strategic Investment in BrightNight to Fund Continued Growth
August 1, 2024BrightNight (the "Company"), a leading renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions, announced today a $440 million strategic investment from the Infrastructure business at Goldman Sachs Alternatives.
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Comvest Credit Partners Provides Financing to Support Acquisition of TFS
August 1, 2024Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) to support the acquisition of TFS, Ltd. (“TFS”), by Southfield Capital.
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Neuronetics Announces the Closing of up to $90 Million Senior Secured Credit Facility with Perceptive Advisors
August 1, 2024Neuronetics, Inc. (NASDAQ: STIM), a medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that it entered into a debt facility of up to $90 million with Perceptive Advisors LLC (Perceptive). Under the term loan, Neuronetics received the first tranche of $50 million at closing.
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Thumbtack Announces $75 Million in Financing from Silicon Valley Bank and Hercules Capital
August 1, 2024Thumbtack, the technology company helping millions of people confidently care for and improve their homes, today announced $75 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The debt facility provides access to efficient capital and liquidity for Thumbtack as it continues to bring the $600 billion home services industry online.
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Siena Lending Group Closes New $10 Million Credit Facility for Townsen Memorial Health System
August 1, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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