- Asset-Based Lending & Factoring Surveys
- Squire Secures $35 Million in Debt Financing from Silicon Valley Bank
- SLR Equipment Finance Expands its Finance Team and Announces That Matt Colegrove has Joined the Company
- CohnReznick’s Sun Named a Top 25 Cybersecurity Consultant and Leader
- Great Rock Capital Provides a $50 Million Credit Facility to Basic Fun!
TSL Express Daily Articles & News
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Today's Top Story
Featured
First Citizens Bank Names Eugene Weissberger to Sponsor Finance Position
First Citizens Bank today announced that Eugene Weissberger has been appointed as a managing director in the Sponsor Finance group, where he will be focused on supporting financial sponsors and family offices in the Midwest and on the West Coast.
TSL Express Trending Story
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Understanding the Complexities of Recruiting and Retaining Talent
The secured finance industry is feeling the strain as the industry ages and its most experienced executives retire. Here, SFNet members offer their points of view on the challenge.
TSL Express Daily Headlines & News
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Blue Owl Leads Private Debt Deal for Smartsheet Buyout
September 25, 2024Blue Owl Capital Inc. led the $3.2 billion private debt financing supporting Blackstone Inc. and Vista Equity Partners’ buyout of software firm Smartsheet Inc., with 20 other lenders participating, according to a person with knowledge of the matter.
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Cadex Acquires Receivables Control Corporation (RCC)
September 25, 2024Cadex Solutions Corporation ("Cadex"), in partnership with Trivest Partners LP ("Trivest"), is pleased to announce it has acquired Receivables Control Corporation ("RCC"). Founded in 1970, RCC is a trusted leader in global commercial debt recovery that offers a comprehensive suite of accounts receivable management solutions, including pre-collections, first-party and third-party collections, commercial asset recovery and liquidations, and consulting services.
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Ascent Global Logistics Joins the TriumphPay Network to Enhance Carrier Payments
September 25, 2024TriumphPay announced today the addition of Ascent Global Logistics ("Ascent"), a leading global provider of expedited, time-critical logistics solutions, to the TriumphPay Network, as a full audit and payments participant. By joining the TriumphPay Network, Ascent is taking a significant step toward providing a more streamlined payment experience.
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Asset Based Lending Veteran Acquires Lender Recruiting, LLC
September 25, 2024Nationwide executive search firm, Lender Recruiting, LLC, has been acquired by Asset Based Lender, Corporate Banking and Commercial Finance industry veteran Dennis Phelps.
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Myers Industries Turned to John Galt Solutions to Transform and Advance Supply Chain Planning Processes
September 25, 2024John Galt Solutions, a global leader in automating supply chain planning to empower businesses to make better decisions faster, today announced that its market-leading Atlas Planning Platform was successfully implemented at Myers Industries Inc., to help the company standardize processes and support growth across its separate business units.
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Concord Closes $35MM Deal in 9 Weeks for Leading Wireless Telecommunications Company
September 25, 2024Concord Financial Advisors announced it arranged a $35 million senior secured revolving line of credit for a Wireless Telecommunications company in the Southern US to refinance existing debt and support working capital.
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Citizens Advises Blue Mantis on its Recapitalization by Recognize Partners
September 25, 2024Citizens M&A Advisory served as the exclusive financial advisor to Blue Mantis, Inc., a premier IT services provider with deep expertise in managed services, cybersecurity and cloud solutions, on its recapitalization by Recognize Partners.
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Winston & Strawn Adds Tax Partner Louis J. Jenull in Dallas
September 25, 2024Winston & Strawn LLP announced today that Louis J. Jenull has joined the Dallas office as a partner in the Transactions Department and the Tax Practice.
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Cambridge & Counties Bank Bolsters asset finance team
September 25, 2024Cambridge & Counties Bank, which specialises in asset finance, has strengthened its team with three new appointments. The new hires will operate from the bank's recently established office in Reading, which serves as a hub for asset finance clientele.
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Afore Insurance Services Obtains New Credit Facility Through Crestline Investors
September 25, 2024Crestline Investors ("Crestline") is pleased to announce that funds managed by its U.S. Direct Lending business have served as the administrative agent and sole lender on a senior secured credit facility for Afore Insurance Services, LLC (Afore), an independent retail insurance brokerage firm. Afore operates across 20 agencies in 10 states and serves clients nationwide, offering a comprehensive range of commercial lines, personal lines, life, health, and group employee benefits insurance products.
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WhiteHawk Capital Partners Provides Credit Facility to West Side Transport, Inc.
September 25, 2024WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, has entered into an agreement with West Side Transport, Inc. (the “Borrower” or “West Side”) to provide a $111 million senior secured first lien credit facility (the "Facility"). Proceeds from the Facility were used to support EVO Transportation & Energy’s (“EVO”) acquisition of West Side and provide additional working capital.
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Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure
September 25, 2024Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced it entered into a Restructuring Support Agreement (the “RSA”) with overwhelming support of 100% of the Company’s term loan lenders (the “Consenting Term Loan Lenders”).
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KKR Closes $4.6 Billion Ascendant Fund
September 25, 2024KKR, a leading global investment firm, today announced the final closing of KKR Ascendant Fund SCSP (“Ascendant” or the “Fund”), a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 as part of KKR’s Americas Private Equity platform, Ascendant is the first KKR vehicle solely focused on opportunities in the middle market.
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Porter Capital Provides $15 Million Line of Credit to Leading Cold-Rolled Steel Manufacturer
September 25, 2024Porter Capital, a premier provider of flexible funding solutions, has extended a $15 million line of credit to a leading cold-rolled steel manufacturer. This partnership will provide the manufacturer with enhanced working capital to support its continued growth and operational expansion.
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SG Credit Partners Announces a Senior Debt Investment in Munetrix
September 24, 2024SG Credit Partners, through its SG Software + Technology division, is excited to announce its partnership with Munetrix, a leading provider of performance analytics solutions for K-12 schools. The financing provided by SG supported Munetrix’s merger with SchoolData Solutions, a top education technology company renowned for its innovative data analytics.
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Castlelake Secures $1 Billion Long-term Aviation Financing Facility and Acquires More than 60 Aircraft Assets
September 24, 2024Castlelake L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based investing with nearly 20 years of experience in aircraft investing, leasing and servicing, today announced it has secured commitments for over $1 billion of aviation financing in a term loan facility to support its continued investment in and acquisition of in-demand aviation assets.
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Wells Fargo Launches $1.6 Billion Loan for Tempur Sealy Deal
September 24, 2024A group of banks led by Wells Fargo & Co. launched a $1.6 billion term loan B to help support Tempur Sealy International Inc.’s acquisition of Mattress Firm Group Inc., according to a person familiar with the matter, as the Federal Trade Commission is moving to block the deal.
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AlixPartners Forecasts Modest Increases Holiday Spending; Customers Cite inflation, Election Uncertainty as Factors in Budget Planning – Increasing Number of Shoppers to Buy Most Gifts on Sale
September 24, 2024Persistent inflation and election-year uncertainty will lead to lower spending across the board this holiday season. Shoppers are more likely to start shopping after Halloween, hunt for deals and consider value brands, and cut back on gifts for themselves, according to a forecast and Holiday Outlook Survey released by AlixPartners, the global consulting firm.
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Ares Commercial Finance Provides a $30 Million Credit Facility to Shapiro Metals
September 24, 2024Ares Commercial Finance announced today that it has provided a $30 million senior secured revolving line of credit to Shapiro Metals. (“Shapiro” or the “Company”). The Company, based in St. Louis, Missouri, creates customized recycling programs for manufacturing partners across a broad range of industries, in addition to trading materials with consumers across the globe. announced today that it has provided a $30 million senior secured revolving line of credit to Shapiro Metals. (“Shapiro” or the “Company”).
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Crown Partners Serves as Exclusive Financial Advisor on $175 million Senior Debt Recapitalization
September 24, 2024Crown Partners announced that it served as exclusive financial advisor to a sponsor-backed distributor for a wide range of home services products (the “Company”). In connection with this mandate, Crown arranged a new $75 million ABL revolver for the Company with Siena Lending Group, and restructured an existing $100 million term loan from the Company’s cash flow term lender.
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The Secured Lender
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