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FEATURES Prospecting New Deals... Ref# IND135
Lenders were poised to do more business in the second quarter of 2010, yet there was limited dealflow to support a robust or even steady pipeline caused at least in part by the high-yield bond market, which pulled back mid-quarter. In short, lenders were left to their own devices to find enough deals to keep them active. By Maria C. Dikeos, Thomson Reuters LPC
The Inflection Point: Financing a Turnaround Ref# TM106
Asset-based lending and leveraged financing have reappeared in a way that was unimaginable a year ago. Suddenly in Q4/09, it was as though a switch was thrown. Hugh Larratt-Smith and Joseph Vuckovich speak to several lenders on what makes for financing a successful turnaround. By Hugh C. Larratt-Smith and Joseph A. Vuckovich, Trimingham
Fast-Track Business Bankruptcy Cases Ref# BANK038
The post-BAPCPA bankruptcy world places a premium on speed. But fast-track bankruptcy cases aren’t without institutional or individualized costs. In the following feature, two restructuring professionals look at four recent fast-track cases to determine “just how fast is too fast?” By William K. Lenhart, BDO USA and Jack F. Williams, Georgia State University
Setting the Standard for Industrial Auctions Ref# APP042
The advent of the Internet, advances in fiber optics and telecommunications, computer technology and a growing global economy have fueled innovation in the way industrial assets are marketed and sold today. By Michael A. Petruski, Great American Group
CROs & Receivers — Lenders’ Solutions to Difficult Situations Ref# TM107
Under any scenario, the loss of trust in a customer’s ability or desire to operate its own business effectively can be one of the most difficult challenges facing a lender and can feel like the weight of cement shoes to both the lender and customer alike. But bringing in a trusted, experienced, independent third party as either a CRO or receiver can immediately lift that weight. By Scott A. Eisenberg and Karen A. Davis, Amherst Partners
Strategies for Lending in the Dairy Industry Ref# TM108
Lenders in the dairy industry are accustomed to volatility. As long as the volatility in inputs and outputs was moving in tandem, lenders could expect their borrowers to achieve some minimal “guaranteed” margins and debt service remained possible. However, that changed beginning in 2007… By Juanita Schwartzkopf, Focus Management Group
SPECIAL SERIES: Part 2 of 3
Elegant & Effective… LOCs in Commercial Loans and Bankruptcy Ref# LGL113
Despite the widespread use of letters of credit over the years, many view them as complicated and esoteric instruments. Part II of this series addresses security interests in letters of credit and their role in syndicated transactions. By Anthony Callobre, Bingham McCutchen
CFA Annual Convention: Networking and Educational Opportunities
The Commercial Finance Association’s Annual Convention is the largest gathering of asset-based lending and factoring professionals that offers networking and educational opportunities and is certain to attract professionals from many countries and disciplines to collaborate on issues in commercial lending. A Message From CFA&rsquo’s Andrej Suskavcevic
PROFILE OF SUCCESS Ref# COMP035 The Sky’s the Limit for LBC Credit Partners
High atop the Cira Centre in downtown Philadelphia, big things are afoot. Though it doesn’t happen that often, today, the entire team that makes up middle-market lending house LBC Credit Partners is in the office; and there is the feeling of something electric in the air. ABF Journal decided to pay the company a visit to find out why. By Christopher Moraff, Associate Editor
FROM ALL FACETS Turnaround Corner TMA: Strong, Vital and ‘In Tune’ With Members’ Needs Ref# TM109
At the tender age off 22, the Turnaround Management Association finds itself expanding on every conceivable front to meet the evolving needs of its growing constituency. ABF Journal spends time with TMA Executive Director Linda Delgadillo and TMA President Lisa Poulin to discuss future initiatives and the state of the turnaround management industry. By Stuart P. Papavassiliou, Senior Editor
Factoring Focus Specialty Lenders Rise to the Occasion Ref# FAC101
On April 20, BP’s Deepwater Horizon drilling rig exploded and with it a sea-floor oil gusher began an almost three-month leak into the sea. The leak was capped on July 15, but not before spewing more than 4 million barrels of crude oil into the Gulf of Mexico. In the continuing aftermath, several factoring companies have reported assisting those that have aided in the cleanup resulting from the spill. By Amanda Gutshall, Associate Editor
Bankruptcy Update Receiverships Grow in Scope and Popularity Ref# BANK039
The legal restrictions and market perception surrounding a bankruptcy can make a turnaround a difficult affair, especially in the current economy. Receivers were once appointed mostly to handle distressed real estate deals, but Chris Tierney of Hays Financial Consulting argues that experienced receivers have the leeway and the acumen to turnaround almost any business. By Chris Tierney, Hays Financial Consulting
Legal Eyes Casino Brawl… Intercreditor Agreements Get ‘Trumped’ Ref# LGL114
The recent intercreditor dispute between The Donald and corporate raider Carl Icahn has all the glitz of Atlantic City itself, including two competing but confirmable plans with senior and junior creditors slugging it out for ownership of a gaming empire. By Jennifer Feldsher and Mark B. Joachim, Bracewell & Giuliani LLP
FinalCut CIT’s Rejuvenated Second Quarter Profits Shock Analysts ABF Journal illustrator, Jerry Gonzalez’ visual interpretation of a top-ranked abfjournal.com news story according to our visitors.
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September 2010 Issue
