- NXT Capital Closes Senior Credit Facility in Support of Incline Equity Partners' Acquisition of Command Investigations
- Canal Road Group Secures $250 Million Credit Facility from Sumitomo Mitsui Banking Corp for Private Corporate Lending Strategy
- Secured Lending Confidence Index
- First Citizens Bank Provides $22.5 Million Senior Debt Facility to Standpoint Inc.
- Webster Announces Chief Risk Officer Transition
TSL Express Daily Articles & News
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Parker Hudson Welcomes Grace Blood, John David Gifford, and Madison Morrow to the Partnership
Parker, Hudson, Rainer & Dobbs LLP is pleased to announce that healthcare attorney Grace Blood, corporate attorney John David (J.D.) Gifford, and commercial finance attorney Madison Morrow have been admitted to the partnership as of January 1, 2025.
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5 Key Strategies for Building a Successful Factoring or ABL Platform
Building a factoring or asset-based lending (ABL) platform that maximizes value and attracts capital requires more than operational success. A solid foundation that positions the business for growth, efficiency, and sustainability is crucial. Whether you're looking to secure capital through banks, non-bank lenders, or investors, here are five essential strategies to build and grow a high-performing factoring or ABL business.
TSL Express Daily Headlines & News
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Felicia La Forgia, Sekou Kaalund Appointed to U.S. Bank Managing Committee
January 31, 2025U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Felicia La Forgia and Sekou Kaalund will become the newest members of its Managing Committee, a group of top executives who oversee the organization’s revenue lines, enabling functions and independent risk teams.
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ID.me Announces $275 Million Financing from Ares Management
January 31, 2025ID.me, the market leading digital identity wallet, today announced it has closed a $275 million credit facility provided by Ares Management funds ("Ares")
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Boldyn Networks US Secures $1.2 Billion Debt Financing to Fuel Future Growth and Innovation
January 31, 2025Today, Boldyn Networks US announced the successful completion of its approximately $1.2 billion debt financing, consisting of Senior Secured Credit Facilities and Fixed Rate Notes, to accelerate its capital investment to grow and expand its footprint throughout the US market
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First Financial Bank Announces Promotion of Chris Schjetnan to Executive Vice President, Director of Community Lending and Outreach
January 31, 2025The Board of Directors of First Financial Bank has announced the promotion of Chris Schjetnan to Executive Vice President, Director of Community Lending and Outreach. In this role, Chris will lead the Bank's affordable banking initiatives which focus on traditionally underserved communities.
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Runway Growth Capital Closes Acquisition by BC Partners Credit and Mount Logan Capital
January 31, 2025Runway Growth Capital LLC and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.
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Store Closing Sales Underway at All Peavey Mart Locations
January 30, 2025Gordon Brothers, the global asset experts, announced store closing sales are underway at all 93 Peavey Mart locations in Canada. The Canadian farm and ranch retailer is offering up to 30% off the original ticketed price on all agriculture, farm and ranch, work wear, lawn and garden, hardware and homesteading supplies and merchandise.
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Encina Private Credit Expands Team and Delivers Strong Results in 2024 With New Business Volume Growth of 74% Year Over Year
January 30, 2025Encina Private Credit (“EPC”) bolstered the size of the team with key hires during 2024, enabling the business to deliver strong new business volume growth of 74% in its first out enterprise value loan product, compared to 2023. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.
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Alleon Announces $2,000,000 Medical AR Financing Facility to a NJ-Based Mental Health Disorders and Substance Abuse Center
January 30, 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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King Trade Capital Provides $5MM Purchase Order Finance Solution
January 30, 2025King Trade Capital is pleased to land a $5MM purchase order finance solution for an aerospace company in support of their $15 million Air Force contract.
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Tiger’s 1st Pro AV Sale of 2025 Features 700 Plus Lots of High Quality Gear
January 30, 2025On February 11, Tiger Group is offering more than 700 lots of pro-grade audiovisual gear from full-service rental house C Mount, a leader in the custom production solutions space and a trusted resource for the film and television industries for more than two decades.
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Private Equity Deal Market Positioned for Robust Growth in 2025, Driven by BluWave Insights
January 30, 2025Private equity firms are heading into 2025 with increasing momentum, bolstered by favorable economic trends and renewed confidence in deal-making, according to BluWave’s Q4 2024 PE Industry Insights Report. This report offers data-driven analysis of private equity’s evolving priorities and highlights the strategies shaping the industry for the year ahead.
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Trinity Capital Inc. Provides $25 Million in Growth Capital to Wisetack
January 30, 2025Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $25 million in growth capital to Wisetack, a leading pay-over-time platform for home services.
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Antares Bolsters Credit Secondaries Business with Appointment of Olga Kosters
January 30, 2025Antares Capital (“Antares”), a leading alternative credit manager with approximately $80 billion in capital under management and administration, today announced the appointment of Olga Kosters as Managing Director, Head of Credit Secondaries.
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1st Commercial Credit, LLC Completes $7 Million Factoring Facility for Temp-Staffing Agency
January 30, 20251st Commercial Credit, LLC, a leading provider of invoice factoring and payroll funding solutions, is pleased to announce the successful completion of a $7 million factoring facility for a new client in the staffing industry. This financing will provide the necessary capital to support payroll, operational expansion, and increased client demand.
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TAB Bank Expands Lender Finance Portfolio with $12 Million Deal for Steel Capital Management
January 30, 2025TAB Bank announces the addition of Steel Capital Management, a New York City-based finance company specializing in e-commerce solutions, to its portfolio of Lender Finance clients. TAB Bank has extended a $12 million credit facility to support Steel Capital Management as they provide capital solutions to accelerate growth for Direct-to-Consumer (DTC) companies.
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Bain Capital Joins Versana, Accelerating Modernization of the Corporate Loan Market
January 29, 2025Versana today announced the addition of Bain Capital Credit ("Bain Capital") as a subscriber to its centralized, digital data platform. Bain Capital is one of the world's leading private investment firms specializing in corporate credit and has become the 13th top-tier financial institution to join Versana's innovative platform.
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First Citizens Bank Provides $47.7 Million to GTIS Partners for Student Housing Facility in College Park, Maryland
January 29, 2025First Citizens Bank announced that its Commercial Real Estate business has provided $47.7 million for Aspen College Park, a student housing facility at the University of Maryland in College Park.
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John Galt Solutions Pushes the Boundaries of AI in Supply Chain With GenAI-Driven Innovations
January 29, 2025ohn Galt Solutions, a global leader in automating supply chain planning to empower innovative businesses to make better decisions faster, today revealed the expansion of its AI-powered capabilities in the Atlas Planning Platform, including recently released innovative Generative AI (GenAI) features designed to elevate the customer experience, simplify complex decision-making, unlock productivity, and accelerate the discovery of key insights that drive business value across the supply chain.
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Gunjan Kedia to Become CEO of U.S. Bancorp in Mid-April
January 29, 2025U.S. Bancorp (NYSE: USB) announced today that President Gunjan Kedia will become the company’s chief executive officer at the conclusion of the organization’s annual meeting of shareholders on April 15. Kedia also was elected to the company’s Board of Directors. Current Chairman and CEO Andy Cecere will serve as executive chairman, continuing to lead the Board of Directors and supporting Kedia as she assumes her new role.
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On.Energy Closes $77.6 Million Construction Credit Agreement From Pathward to Build Its New 160 MWh Portfolio
January 29, 2025On.Energy, one of North America’s fastest growing power asset owners and proven end-to-end integrator of battery energy storage projects, today announced it has closed construction credit facilities provided by Pathward®, N.A. (“Pathward”) and BridgePeak Energy Capital (“BridgePeak”) to build its 160 MWh Palo de Agua battery storage portfolio across the state of Texas.
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