Secured Finance Network

Former First Citizens Bank (CIT) Chief Credit Officer joins Executive Management Team as Legacy scales its asset-based lending platform. PLANO, TX, October 9, 2026, Legacy Corporate Lending (“Legacy”) a specialty asset-based lender, today announced the appointment of Anthony Masci as Chief Risk Officer. Based in New York, Masci joins Legacy’s Executive Management Team as the firm continues to grow its diversified ABL platform.

U.S. Customs and Border Protection (CBP) is now refunding tariffs imposed under the International Emergency Economic Powers Act (IEEPA), which the Supreme Court ruled unlawful. Most of the commentary treats this as good news for importers. For asset-based lenders, it raises a different question, one that belongs in due diligence: Who is actually entitled to the money? A Simple Scenario A borrower imports goods from China and pays the tariff.

Oversubscribed at nearly double the company's original target and joined by Morgan Stanley, JPMorgan, and others. The financing arrives alongside two executive appointments: Bill Zerella as Chief Financial Officer and Mark Wayland as Chief Revenue Officer. ATLANTA – October 8, 2026 — Stord, the physical intelligence layer for independent commerce, today announced a $400 million credit facility led by Citi and joined by Morgan Stanley and JPMorgan, alongside First Citizens, Citizens, and KeyBank.

Rheinmetall has renewed its existing syndicated credit line ahead of schedule and doubled its volume from €750 million to €1.5 billion. At the same time, Rheinmetall has strategically realigned its group of main core banks and expanded it to include additional international banking partners. With this new line of credit, Rheinmetall is creating additional financial leeway and aligning its finance structure with the Group’s expected growth at an early stage.

Salem Five Business Credit 210 Essex Street Salem, MA 01970 https://www.salemfive.com/commercial/commercial-lending/business-credit-for-businesses-in-transition/ Salem Five Business Credit (SFBC) is the asset-based lending unit of Salem Five Bank's commercial banking division.

On October 5, 2026, David Baker, Managing Partner, and Aurora Management Partners was appointed as the Chief Restructuring Officer to Southern Motion, Inc.in the United States Bankruptcy Court for the Northern District of Mississippi (case #26-13155-JDW). Overseeing the Debtor’s business alongside Mr. Baker are Travis Grody, Director, and Ben Pendleton, Associate Director.

Renewed agreement enables Pathward to continue originating advances offered through Clair’s embedded financial technology platform. SIOUX FALLS, S.D. – Oct. 8, 2026 – Pathward Financial, Inc.

Atlanta, GA - October 9, 2026, Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that it has entered into an incremental amendment to its credit agreement to increase its $600 million term loan due July 15, 2030 (the “Term Loan G”) by $75 million (the “Incremental TLG”). The Incremental TLG will be available on a delayed draw basis upon the satisfaction of certain customary conditions that are expected to be satisfied on or prior to October 19, 2026.

Pictured: Michael B. Schaedle, Esq. and Matthew E. Kaslow, Esq. In this edition of the Lender’s Edge, we discuss the perils of dual engagements and the lessons for lenders, CROs, and financial advisers when navigating potential conflicts of interest. Imagine you are currently engaged as a financial adviser for a lender that is in workout discussions with its borrower. In those discussions, the parties have acknowledged the need for the company to engage a chief restructuring officer (“CRO”).

Eliminates cash sweep, quarterly clean-down and asset coverage test; increases restricted payments capacity 50% to $15 million with no change to pricing or financial covenants and no amendment fees HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- W&T Offshore, Inc.