Good evening,

Specialised Linen Services′ lenders are scrubbing up on the private equity-backed commercial laundry and dry-cleaning business as its owners hunt for additional funding.

Street Talk understands Anchorage Capital Partners, which acquired its stake in SPL for about $300 million in September 2018, began meeting with the linen company’s main lenders last week.

Sources said the Sydney-based firm is seeking more cash in the coming weeks, tapping its existing lending pool including Deutsche Bank, Bain Capital Credit, Metrics Capital Partners, Westpac and Challenger.

Read the full story tomorrow and more on the Street Talk page.

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A rally in banks and miners helped the sharemarket start the week on a positive note after tariff exemptions for the technology industry spurred optimism for a further scaling back of US President Donald Trump’s chaotic trade agenda.

Click here for the latest equity market wrap.