- Wingspire Capital Provides a Revolver to Halo Dream To Support Acquisition of Baby Merlin
- JPalmer Collective Provides $7.2MM Working Capital Line of Credit to Private Label Baking Company
- First Bank Provides $13MM Line of Credit to a Building Supply Company
- nFusion Capital Provides $500,000 Factoring Facility for Drilling, Boring and Trenchless Technology Services Provider
- TSL Subscriber Only Content
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Jonathan Bloom Joins Tiger Group as Senior Director of Business Development
Jonathan Bloom—an asset-based lending and restructuring professional who brings decades of experience in commercial and industrial (C&I) and accounts receivable (A/R)assets has joined Tiger Group as Senior Director of Business Development. Bloom’s hiring further expands Tiger’s C&I and A/R category expertise as the company continues to grow its lending, valuation and disposition businesses.
TSL Express Trending Story
Featured
SFNet's Asset-Based Capital Conference was held February 11-12, 2025, at the Wynn in Las Vegas, NV. Now in its 17th year, it is the premier event for those in the middle-market leveraged finance and asset-based finance world. Attendees walked away with up-to-date market insights from industry leaders, with panels ranging from the current state of the economy and industry, while benefitting from networking opportunities with key decision makers. Here, conference attendee Cheryl Mayo of Haversine Funding shares some of the key conference takeaways.
TSL Express Daily Headlines & News
-
Citigroup and Apollo Reportedly Offer Private Credit for Boeing’s Jeppesen Sale
March 17, 2025Citigroup (NYSE: C) and Apollo (NYSE: APO) are offering potential buyers of Boeing (NYSE: BA)’s Jeppesen navigation unit the option to fund the acquisition via the pair’s nascent private credit partnership, according to Bloomberg.
-
Wingspire Capital Provides $30 Million Revolver to Digital Media Solutions Amid Sale to Investor Group
March 17, 2025Wingspire Capital is pleased to provide a $30 million revolver to Digital Media Solutions, Inc. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale of substantially all of its assets to an investor group led by funds and accounts managed by BlackRock in addition to Bain Capital, Blackstone, and Abry Partners.
-
SolaREIT Expands Revolving Credit Facility to $60 Million with Atlantic Union Bank and EagleBank
March 14, 2025SolaREIT™, the leading solar and battery storage real estate investment company, announced today the expansion of its revolving credit facility to $60 million through an increased commitment from Atlantic Union Bank (NYSE: AUB) and the syndication to EagleBank (NASDAQ: EGBN). Atlantic Union Bank served as the sole book runner and administrative agent for the facility, leading the structuring and syndication efforts.
-
Heritage Global Capital Appoints Anastasia Suda Executive Managing Director to Lead Specialty Lending Division
March 14, 2025Heritage Global Capital (“HGC”), a subsidiary of Heritage Global Inc. (Nasdaq: HGBL), specializing in flexible funding structures for the Accounts Receivable Management “ARM” industry, today announced the appointment of Anastasia Suda as Executive Managing Director, to lead the Company’s specialty lending division.
-
NXT Capital Closes Senior Credit Facility in Support of L Squared Capital Partners’ Add-On Acquisition and Recapitalization of Netrio
March 14, 2025NXT Capital announced today that it closed a senior credit facility in support of L Squared Capital Partners’ add-on acquisition and recapitalization of Netrio. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.
-
KBRA Releases Research – Private Credit: CFO Growth and Performance
March 14, 2025KBRA releases research on collateralized fund obligations (CFO), discussing their typical structure and common credit protections. CFOs are specialized financial vehicles collateralized by the cash flows from a diversified pool of private capital assets—primarily limited partner interests and sometimes co-investments or secondary market fund positions—in multiple private capital funds.
-
Team, Inc. Announces Refinancing Transaction
March 14, 2025Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it has successfully closed on a refinancing transaction (the “Transaction”) that lowers the Company’s cost of capital and terms out its capital structure.
-
Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to MaxiTransfers
March 14, 2025Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company.
-
Gridiron Capital Ranked #1 in HEC Paris-Dow Jones 2024 Mid-Market Buyout Performance Ranking
March 14, 2025Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is proud to announce that it has been ranked the #1 Mid-Market Buyout firm on the 2024 HEC Paris-Dow Jones Performance Ranking.
-
Axos Bank Taps Industry Veteran Kristian Ilkov to Lead Its Middle Market Banking Division
March 13, 2025Axos Bank (“Axos”), the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), announced the launch of its Middle Market Banking Division. Led by industry veteran Kristian (Kris) Ilkov, Axos will look to capitalize on disruptions in certain industry verticals. The Middle Market Banking team will provide hands-on relationship management for clients, including tailored banking solutions for middle market clients.
-
SoFi Expands Loan Platform Business with $5 Billion Agreement with Blue Owl Capital Funds
March 13, 2025SoFi Technologies, Inc. (NASDAQ: SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi’s largest Loan Platform Business agreement to date.
-
Nutrien Prices Offering of an Aggregate of US$1.0 Billion of 2-Year and 7-Year Senior Notes
March 13, 2025Jones Day represented Nutrien Ltd. in connection with a public offering of U.S.$1.0 billion of Senior Notes, consisting of (i) U.S.$400 million aggregate principal amount of 4.500% Senior Notes due 2027 and (ii) U.S.$600 million aggregate principal amount of 5.250% Senior Notes due 2032.
-
Mitsubishi HC Capital America adds Scott Schrenker to Growing Construction Team
March 13, 2025Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce the addition of Scott Schrenker to its construction team as a Business Development Manager. This new hire aligns with the company’s growth in the construction markets and provides additional resources to extend financing services and support to valued partners and clients.
-
GA Group and A&G Real Estate to Auction JOANN’s Retail Store Leases and Distribution Centers
March 13, 2025GA Group, a leading asset disposition, valuation, appraisal, and real estate services firm, and A&G Real Estate Partners, a national real estate advisory firm specializing in lease optimization and real estate sales, announced plans to auction 790 retail store leases and five distribution centers in conjunction with the wind down of operations of fabric and crafts retailer, JOANN, Inc. following its filing for Chapter 11 bankruptcy on January 15, 2025.
-
Truist Strengthens Middle-Market Banking Team in New Jersey
March 13, 2025Truist announced today the hiring of veteran commercial banking executive Gino Di Saverio, who leads a growing middle market banking team in New Jersey that includes three other recent hires.
-
Tiger Group and GESemi Offer Production Lines for Semiconductors and Highly Efficient, Thin-film GaAs, Flexible Photovoltaics
March 13, 2025Tiger Group and GESemi are now accepting offers for advanced equipment used to produce high-efficiency, gallium arsenide (GaAs) based thin-film photovoltaic (PV) cells The massive offering of fully decommissioned, ready-to-ship manufacturing assets from Endicott-based Ubiquity Solar—with nearly 600 crates stored in South-Central New York—features brands such as Aixtron Group, Attolight, GigaMat, SCHMID, Hercules and KLA Corp. (KLA-Tencor).
-
Paul Hastings Bolsters Market-Leading Structured Credit Practice in New York
March 13, 2025Further strengthening its premier asset-backed finance and complex securitization offerings, Paul Hastings LLP announced today that structured credit lawyer John F. Murphy III has joined the firm as a partner in New York.
-
Spirit Airlines Emerges from Financial Restructuring, Better Positioned to Advance its Transformation and Enhanced Guest Experience
March 13, 2025Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC, ("Spirit" or the "Company") today announced that Spirit has emerged from its financial restructuring, completing a consensual, deleveraging transaction that equitizes approximately $795 million of funded debt. With significantly less debt and greater financial flexibility, Spirit emerges as a stronger company better positioned for long-term success.
-
Middle Market Business Leaders Cautiously Optimistic Despite Continued Uncertainty
March 13, 2025Middle market leaders are navigating uncertainty while poised to make key longer-term investments in technology, talent, and growth according to propriety research on the views of C-Suite executives released by Citizens today.
-
HEALWELL Signs $50M Credit Agreement Led by Scotiabank and RBC to Support Orion Acquisition, and Commences Pre-Closing Procedures
March 13, 2025HEALWELL has signed a $50 million credit agreement, contingent on and in support of its acquisition of Orion Health, with credit to be provided by a syndicate of Schedule I Canadian Banks, including The Bank of Nova Scotia as Sole Bookrunner, Admin Agent, and Co-Lead Arranger, and Royal Bank of Canada as Co-lead Arranger.
In This Section
The Secured Lender
SFNet's Women in Secured Finance Issue