Revisions in the Unified Commercial Code have made collateral descriptions on financial statements simpler. But there are times when only specific names will do. Attorney Jeffrey Wurst explains when a generic name will suffice and when a specific name is critical to ensure a security interest.
As credit tightens, middle market companies are being squeezed from all sides. Lenders offering short term second lien or stretch loans can work with ABL lenders to help these companies stay liquid.
Completing the restructuring process is a challenge for both a company and the turnaround professional who guides it through. Yet some companies may show signs of failing a second time. Brian Gleason illustrates how using the discipline tools introduced during turnaround can keep the ship afloat, even in rough waters.
Engaging an independent field examination service to evaluate collateral before making an ABL loan can protect a lender from undue exposure. Howard Rein provides guidance to help lenders obtain a cost-effective, timely and accurate field examination.
The 9th annual Villanova Education and Networking Conference offered ABL and turnaround professionals the opportunity to network with some of the nation’s top bankruptcy judges in a casual setting while discussing hot topics, like healthcare.
From Texas wildcatters to Oklahoma riots, the energy business has a colorful and lucrative history reaching back 100 years. Today the rise and fall of energy prices has a global impact. Hugh Larratt-Smith speaks with ABL lenders from the U.S. and abroad to provide a perspective on how ABLs will fare as market volatility continues.
As part of an ongoing expansion in services and marketing territory, Sterling Bank purchased Dallas-based NewStar Business Credit in March, acquiring its president, Michael Haddad and the other team members along with NSBC’s financial assets and clients. ABF Journal spoke with Haddad and Sterling
Specialty Lending Division President Ted Geisel about the impact the merger will have on the unit and their outlook on ABL lending in 2016.
It’s spring! Oaktree Capital Management is branching out and launching Encina Business Credit, an independent asset-based lending platform. Artist Jerry Gonzalez illustrates this new financial planting.
There are many pitfalls along the supply chain that impact cash flow, especially when working with overseas suppliers. Bryan Ballowe illustrates ways purchase order finance can help maintain liquidity and provide a structure that supports successful merchandise delivery.