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ABFJ May June 2018 CoverThumb

May/June 2018

ABL Industry
Vol. 16 No. 4
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COVER STORY

A True Force of Nature: Harvey S. Gross Wins NYIC Centennial Award - At the New York Institute of Credit’s 100th Anniversary Dinner, the organization will present its Centennial Award to its longtime executive director, Harvey Gross. A member for 53 years, Gross has been a major influence on the organization’s development. Linda McDonough, who interviews Gross and other NYIC members, notes Gross has volunteered his time for all these years while simultaneously managing a professional career.

FEATURES

Grassroots ABL: Regional Banking Execs Upbeat About Economy - Regional banks play an important role in today’s economy, offering personalized services to small and middle-market businesses. They also are expanding into the ABL market to serve those customers. ABF Journal contributor Lisa Miller spoke with ABL executives from four regional banks who shared their thoughts on the economy, the impact of technology and working with alternative lenders.
Improving the ABL Loan Participation Process Through Technology - Using technology to create a seamless experience for borrowers has become commonplace. Pat True explains how digital lending platforms make the loan syndication process more efficient and improve communications among participating ABL lenders.
Born out of Brexit: Analyzing Opportunities for Small Business Lending in Europe - Low interest rates and high levels of regulation are preventing the UK’s traditional banks from lending to small businesses. Andre Hakkak and Thomas Otte suggest this situation provides opportunities for alternative lenders to step in.
Interested in a Better Mousetrap? Arbitration: It’s About Time! - Jeffrey Wurst observes federal judges currently spend most of their time handling criminal and discrimination cases rather than commercial finance. As a result, the judges are not as knowledgeable about this area, and the cases take longer to resolve. Looking to build a better mousetrap, Wurst has hit on arbitration to resolve commercial disputes in a fair and timely manner.

TURNAROUND CORNER

Monetizing Intangible Assets in Insolvency: Protecting and Maximizing IA Value Before it Slips Away - Intangible assets (IA) can be a company’s most valuable property in insolvency. But unlike other collateral, these can include copyrights, source code, trademarks and domain names. Rapid changes in technology can lower the value of these assets before a sale is concluded. David Johnson, Joshua Pichinson and Martin Pichinson explain how to protect IA during a wind down and monetize the value before it slips away.

SPECIALTY LENDING

Drawing the Battle Lines: ABL Lenders and BDCs Engage in Tug-of-War Over Unitranche Loans - The simplicity and speed required to put together a unitranche facility has made it a popular option for borrowers and lenders. However, the façade of the split-lien solution is beginning to crack as first and second lien lenders find themselves in a tug of war over intangibles. Charlie Perer explores the ways lien fighting is imploding a once beautiful friendship.

LEGAL LINES

Purchasing Personal Injury Settlements: Due Diligence Steps to Protect Factors - When personal injury settlement recipients prefer a lump sum over payments, they often approach factors. Scott Topolski cautions factors to protect themselves from clients who may sign agreements with multiple companies.

FINAL CUT

Toy Mogul Larian Bids $900MM For Toys ‘R’ Us - Isaac Larian, CEO of MGA Entertainment, put in a formal bid of $675 million to buy Toys “R” Us’ U.S stores and $215 million to buy its stores in Canada. Jerry Gonzalez illustrates Larian’s dream of recreating the stores as “mini-Disneylands” in every neighborhood.

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