Tag Archives: ABL

Out of Retirement, Into a New Challenge: Fagnani Leads New Bank Leumi ABL Division

With roots in Tel Aviv and branches the world over, Bank Leumi lacked only one thing — an ABL division. The bank corrected the situation this spring and hired Mark Fagnani, a veteran of many outstanding ABL institutions, to lead it. Fagnani shares his vision for Leumi and his mantra for success with ABF Journal editor Nadine Bonner.

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.

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.

Embracing the Cloud: Cutting Costs With Online Solutions that Eliminate Paperwork

While there are many advantages to ABL lending, the biggest disadvantage is the cost involved in evaluating and monitoring the collateral. In the past, the paperwork required to process the loans was onerous for both borrower and lender. Hank Noon explains how cloud solutions can eliminate much of the paperwork involved, resulting in lower costs and happier customers.

The World of ABL: Still Flat After All These Years

2016 has been a roller coaster year fueled by a contentious U.S. Presidential election, sinking energy costs and the surprise British vote to exit the European Union. Yet, for a second year, the ABL front remained quiet. Too quiet, some might say. As we prepare to say “good riddance” to 2016, ABF Journal contributor Lisa Miller speaks with ABL leaders about the state of the industry. Spoiler alert: They don’t see much change for 2017.