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FEATURES Private Equity Investors Demand Creativity & Flexibility From Middle-Market Lenders Ref# IND137
Having weathered the ravages of the last two years, some businesses are stronger than ever and are now experiencing unprecedented and growing EBITDA margins. At the same time, acquisition-hungry private equity investors are ready to do business. Are lenders ready to stretch? By Chaitan Fahnestock, Riveron Consulting
Natural Selection: An Interview With Bob Arth Ref# COMP036
Howard Brod Brownstein chats with Bank of America Business Capital's Bob Arth, the recently appointed president of Bank of America Business Capital. Brownstein asks Arth a question that may be on the minds of many in the industry: How do they do it? By Howard Brod Brownstein, The Brownstein Corporation
Fed Survey Shows Easing of Standards, Terms on C&I Loans Ref# GEN021
The Federal Reserve’s latest opinion survey on bank lending practices reveals, on net, that large U.S. banks have eased standards and most terms on C&I loans and credit lines to borrowers of all sizes. ABF Journal takes a closer look at the trends...
De-Mystifying the Workout Banker's Motivations Ref# BANK040
When a loan moves from the line to workout, the rules of the game change. Carl Marks' Kristina Anderson de-mystifies the workout banker's motivations. By Kristina L. Anderson, Carl Marks Advisory Group
Factoring Update: The 'Big Chill' of 2008 Shows Few Signs of Abating Ref# FAC102
Has the factoring market rationalized? Factoring veteran Tom Siska warns us not to put away our protective gear … the Big Chill of 2008 probably won't fully thaw for quite some time. By Thomas G. Siska, Working Capital Solutions
Distressed Debt & the Chief Restructuring Officer Ref# TM110
In Part I of this article, Ken Naglewski examines classical turnaround theory and practice in relation to the realities of organizational dynamics and the behavioral aspects of the players in a distressed debt situation. By Ken Naglewski, Seabiscuit Partners
SPECIAL SERIES: Part 3 of 3
Elegant & Effective… LOCs in Commercial Loans and Bankruptcy Ref# LGL115
For many years, letters of credit have been used to facilitate the sale of goods and to provide credit enhancement for all kinds of contractual obligations. Despite the widespread use of letters of credit over the years, many view them as complicated and esoteric instruments. This third and final installment focuses on the role of LOCs in commercial loans and bankruptcy. By Anthony Callobre, Bingham McCutchen
FinalCut: The Year in Headlines
For a bit of perspective, we take a look back at some of the events that caught the industry’s collective attention. And for a bit of fun, we present some news-inspired illustrations by FinalCut illustrator Jerry Gonzales.
FROM ALL FACETS
PROFILE OF SUCCESS Golub Capital — Unique in Every Aspect Ref# EXEC076
Without question, the news from Golub Capital has been steady even during the darkest days of the recession in which the loan market all but ground to a halt. ABF Journal spent some time with the leader behind the remarkable success story… By Stuart P. Papavassiliou, Senior Editor
Turnaround Corner Data Explosion Offers Riches, But Peril for Those Who Fail to Keep Pace Ref# TM111
The pace of technological change has been rapid for the past generation, but it is only in looking back that one can begin to perceive broader trends in what has seemed to many to be a deluge of tools, gadgets and relentless complexity. While this generation of unrelenting technological progress has paid numerous dividends, it also represents considerable peril, especially for companies in distress. By David Johnson, ACM Professional Services
Factoring Focus In Good Times and Bad, Banks and Factors Should Collaborate Ref# FAC103
Not so long ago, small- and mid-sized businesses had an all-you-can-eat buffet of capital. Investment, regional and community banks, asset-based lenders, hedge funds, factors and individuals all vied for the entrepreneur’s business. Maybe it’s time for factors and bankers to work together… By Einat Steklov, Coral Capital Solutions
Bankruptcy Update Advisory Committee Recommends Sweeping Revisions to Bankruptcy Rule 2019 Ref# BANK041
A New York bankruptcy court ruled that an unofficial, or ad hoc, committee consisting of hedge funds and other distressed investment entities holding Northwest stock and claims was obligated under a formerly obscure provision in the Federal Rules of Bankruptcy Procedure — Rule 2019 — to disclose the details of its members’ trading positions, including the acquisition prices. By Mark G. Douglas, Jones Day Business Restructuring Review
Legal Eyes Dodd-Frank Act: An Overview for Community Banks Ref# LGL116
Trying to understand the whole of H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act, is tough. The Act is long and complex, and if you are focusing directly on the credit crisis, it’s not particularly intuitive. Grant Stephenson of Porter Wright Morris & Arthur discusses the Act’s impact on community banks. By H. Grant Stephenson, Porter Wright Morris & Arthur
FinalCut Judge Rules Ableco Can Proceed With Paul Hastings Suit ABF Journal illustrator, Jerry Gonzalez’ visual interpretation of a top-ranked abfjournal.com news story according to our visitors.
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