FinalCut: GE to Sell Most of GE Capital Assets By 2018

ABF Journal illustrator Jerry Gonzalez provides his take on GE announcing it would create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses.

FinalCut: Ex-BofA SVP Admits to $6.4MM Fraud

ABF Journal illustrator Jerry Gonzalez provides his take on the FBI announcement that a former SVP at Bank of America in Las Vegas pleaded guilty to misapplication of bank funds in a scheme leading to more than $6.4 million in losses to BOA on two business loans.

Final Cut: Wet Seal to Proceed with B. Riley, Despite Versa’s Attractive Terms

ABF Journal illustrator Jerry Gonzalez provides his take on Wet Seal’s initial approval from a bankruptcy judge January 20, 2015, to proceed with DIP financing from B. Riley, despite a last-minute offer from Versa Capital Management offering attractive financing terms.

FinalCut: Alternative Capital Providers Fill Gap Left by Big Banks

ABF Journal illustrator Jerry Gonzalez provides his take on Old Hill Partners’ commentary, which states alternative capital providers, including ABLs, are filling an important void for smaller companies left by larger financial institutions.

FinalCut: Non-Bank ABLs Boosted by Tougher Regulations

ABF Journal illustrator Jerry Gonzalez provides his take on stricter banking regulations, which are creating new opportunities for non-bank providers of asset-based lending services to small and mid-sized businesses.

FinalCut: JPMorgan, Wells to Finance Burger King/Tim Hortons Merger

ABF Journal illustrator Jerry Gonzalez provides his take on Wells Fargo and JPMorgan Chase’s commitment to provide a $9.5 billion debt financing package to support the recently announced Burger King/Tim Horton’s merger.

FinalCut: Love Culture Files Chapter 11; Owes Salus Capital $13.7MM

ABF Journal illustrator Jerry Gonzalez provides his take on the recent bankruptcy filing of Love Culture, a women’s retail chain that owes Salus Capital Partners $13.7 million under a pre-petition credit agreement. Salus will serve as administrative and collateral agent for a lender group for the pending $12 million DIP financing.

ABL Borrower Jailed for Scheme to Defraud Amalgamated

ABF Journal illustrator Jerry Gonzalez provides his take on Rodney Watts’ scheme to defraud Amalgamated Bank of $2.1 million fraudulent loans.

FinalCut: Brookstone Files for Chapter 11

ABF Journal illustrator Jerry Gonzalez provides his take on recent retail trends whereby e-commerce is the preferred shopping medium over brick-and-mortar stores, resulting in retail shop closures and bankruptcy filings (i.e., Brookstone’s Chapter 11).

FinalCut: Quiznos Files for Prepackaged Chapter 11

ABF Journal illustrator Jerry Gonzalez provides his take on Quiznos’ pre-packaged restructuring plan.