- First Citizens Bank Provides $53.5 Million in Refinancing to Birmingham, AL Medical Office Facility with Rethink Healthcare Real Estate
- Madison Street Capital Arranges Credit Facility for Barrier Fencing Supply Company
- Gibraltar Business Capital Provides $12MM Credit Facility to Global Manufacturer
- US Capital Global Achieves Record-breaking Average of $3.7BN in Financing and Advisory Transactions Per Year over the Past Three Years
- Targeted Lending Co., LLC Expands Senior Credit Facility With Wells Fargo Capital Finance to $75 Million
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
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Deal Activity Slows for Asset-Based Lending, but Portfolio Performance Stays Strong
Secured Finance Network posts Q3 survey results from bank and non-bank lenders
Data from the Secured Finance Network revealed generally mixed results in the asset-based lending market for the third quarter, with deal activity receding in response to fewer new client commitments, and the portfolio performance index improving for both non-banks and banks against already historically strong levels.
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Robert Meyers, managing member and president of Republic Business Credit, discusses his over 10 years of SFNet involvement to where he is today, as well as his goals as SFNet’s incoming president, which include creating a larger and more inclusive community to benefit its members and accelerate access to those in need of capital.
TSL Express Daily Headlines & News
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Hilco Real Estate Expands New York Office with Addition of Four Senior Industry Leaders
January 29, 2025Hilco Real Estate (HRE) is pleased to announce the expansion of its New York City office with the addition of four seasoned real estate professionals, enhancing the firm's established presence in the Northeast region. Jeff Hubbard and Katie DeCoste join as senior managing directors and Christian Koulichkov as managing director, all focusing on asset disposition services.
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Heritage Bank Expands Into the Spokane, Washington, Market
January 29, 2025Heritage Bank ("Heritage" or "bank"), a wholly-owned subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce its expansion into Spokane, Wash., with the addition of James Krejci, senior vice president, commercial team leader; Timothy Engh, senior vice president, commercial banking officer; and Sean O'Regan, vice president, commercial banking officer.
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Select Water Solutions Enhances Its Financial Strength with New $550 Million Sustainability-Linked Credit Facility
January 29, 2025Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and technology solutions to the energy industry, today announced the successful closing of a new five-year senior secured sustainability-linked credit facility ("Credit Facility"). The Credit Facility includes an initial $300 million revolving credit commitment ("Revolver") and $250 million in term loan commitments ("Term Loan").
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Northlane Capital Partners' Investment in United States Drug Testing Laboratories Inc.
January 29, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Northlane Capital Partners' ("NCP") investment in United States Drug Testing Laboratories Inc. ("USDTL" or the "Company"), a forensic toxicology laboratory testing for alcohol and substance use.
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Oaktree Boosts ABF Team With New Hires
January 29, 2025Oaktree Capital Management has appointed several senior investment professionals in the US to grow its asset-backed finance (ABF) strategy. Rana Mitra and Matthew Scheer have joined as managing director and vice president respectively in Oaktree’s New York office, according to a post on the asset manager’s LinkedIn page.
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Abacus Finance Promotes McKeever to President, Scanlon to Sr Associate; Pak Hired as Analyst
January 29, 2025Abacus Finance Group, LLC, a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies, today announced the promotions of Sean McKeever, who is a Founding Partner, from COO to President and Greg Scanlon from Associate to Senior Associate, and the hiring of Jeremy Pak as an Analyst.
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Ameresco Upsizes and Extends Corporate Senior Credit Facility
January 28, 2025Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the successful refinancing and expansion of its term loan and revolving credit facility. The Company entered into a sixth amended and restated senior secured credit agreement with a syndicate of lenders, including Bank of America, N.A., Keybank National Association, Cooperative Rabobank U.A., New York Branch, Webster Bank, N.A. and HSBC Bank USA, N.A.
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Republic Business Credit Promotes Bruce Sarver to SVP, ABL Portfolio Manager
January 28, 2025Republic Business Credit proudly announces the promotion of Bruce Sarver to Senior Vice President, Portfolio Manager of its Asset-Based Lending (ABL) Team. This promotion underscores Republic’s commitment to expanding its ABL portfolio and strengthening its position as a market leader in the middle and lower middle-market sectors.
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Cloud Capital Funding Successfully Funds a $750,000 Factoring Facility To An Asphalt, Paving Company
January 28, 2025Cloud Capital Funding, a trusted leader in providing Factoring, Purchase Order Funding and Supply Chain Finance solutions to businesses, has continued it’s plan on closing a deal per week with the latest being the successful funding of a $750,000 accounts receivable factoring facility to a Florida based parking lot paving and striping company.
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PCHI Enters into Agreement to Sell Party City® Brand and Related Amscan® Operating Assets to Ad Populum Affiliate to Preserve Legacy in Multibillion Dollar Party Supply Industry
January 28, 2025Party City Holdco Inc. ("PCHI" or the "Company") announced that it has entered into a stalking horse agreement to sell substantially all of its intellectual property and related wholesale operating intangible assets to New Amscan PC, LLC, an affiliate of Ad Populum, LLC, as part of the Company's Chapter 11 process.
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Coral Capital Solutions Powers Growth with $42M Facility & New Leadership
January 28, 2025Coral Capital Solutions, a leading provider of financing solutions for small- and medium-sized enterprises, today announced a $42 million annual factoring facility with a long standing business that manufactures and distributes a broad range of medical devices that was in the process of an M&A transaction.
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Holland & Knight Continues Growth of Financial Services Team with Addition of Evan Kelson in New York
January 28, 2025Holland & Knight has further strengthened its Financial Services Team with the addition of Evan Kelson as a partner in New York. He was previously a partner at Mayer Brown. The addition of Mr. Kelson follows the recent recruitment of Dimitri Nionakis, a financial services partner in Boston.
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Houlihan Lokey Strengthens Capital Markets Group With Veteran Hire
January 28, 2025Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Bill Scheuerer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Scheuerer will support the firm’s private capital financing efforts across all industry verticals.
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Barings and Apollo Affiliates Provide $113 Million Debt Package for Westin Indianapolis
January 28, 2025Barings, one of the world’s largest diversified real estate investment managers, announced today that it has jointly originated a $113 million debt package alongside affiliates of Apollo (NYSE: APO) to refinance the Westin Indianapolis (the “Hotel”) in downtown Indianapolis. An affiliate of KSL Capital Partners (“KSL”) has owned the Hotel since 2019.
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Trinity Capital Inc. Provides $30 Million in Growth Capital to Elucent Medical
January 28, 2025Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $30 million in growth capital to Elucent Medical ("Elucent"), a pioneering medical technology company transforming the field of guided surgical technologies.
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The RMR Group Enters New $100 Million Revolving Credit Facility
January 27, 2025The RMR Group (Nasdaq: RMR) today announced that it has entered into a new $100 million senior secured revolving credit facility. The initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option, subject to payment of extension fees and satisfaction of other customary conditions.
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FlexGen Power Systems Receives $75M Revolving Credit Facility
January 27, 2025FlexGen Power Systems, a Durham, NC-based provider of energy storage solutions and software technology, received a $75M revolving credit facility with J.P. Morgan. The company intends to use the funds to expand its operations, strengthen its technology offerings, and support the demand for scalable energy storage solutions worldwide.
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RELEX Solutions Secures €10 Million Green Revolving Credit Facility
January 27, 2025RELEX Solutions, a provider of unified supply chain and retail planning solutions, today announced it has secured a €10 million green revolving credit facility that can be used to finance projects and activities with positive sustainability impact.
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Crédit Agricole Names Had of Newly Launched Trade and Commodities Unit
January 27, 2025Crédit Agricole CIB has announced Dominique Honoré will lead its newly launched global trade and commodities product line, with Vincent Gancel appointed as deputy head.
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Squire Patton Boggs Expands Global Trade Finance Capability with Double Partner Hire
January 27, 2025Squire Patton Boggs has appointed Philip Prowse and Jameel Tarmohamed as partners in the Financial Services Practice Group in London. Mr. Prowse and Mr. Tarmohamed focus on commodities trade finance and will play a key role in expanding the firm’s trade finance capabilities across Europe from the London and Geneva offices. They join from Stephenson Harwood along with associate Andrew Green.
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