Asset-Based Lending Hits Record High in 2011, Expectations of Normalized Issuance Levels in 2012

Asset-based lenders began 2011 with roughly $30 billion of volume in each of the first two quarters and a record-worthy $24 billion in Q3/11. Amid heightened market volatility in Q4/11, fueled by fears around the euro-zone debt crisis, volume slowed to $18 billion in line with the broader leveraged loan market pullback in August and September.

In a Market Awash With Liquidity and Thin on the Demand Side… What’s a Lender To Do?

While it’s no revelation that asset-based lenders have provided middle-market borrowers with flexible loan structures that both accommodate growth in times of plenty and allow for more patience during downturns, today’s recovery is calling for a new degree of creativity on every front. With a debt capital market awash with liquidity and competition at an all-time high not to mention a systemic “shift of power,” Crystal Financial’s Colin Cross contends while things might be tough, unique opportunities still exist.

Conversations From Villanova — A Loan Market Review of Q1/11

In early April, nearly 100 commercial finance, turnaround and bankruptcy professionals gathered at the Villanova University Conference Center in Villanova, PA to attend the Fourth Annual Education and Networking Event jointly sponsored by ABF Journal, the New York Institute of Credit and the Philadelphia Chapter of the Turnaround Management Association. Maria Dikeos, director of analytics for Thomson Reuters LPC, was on hand to moderate a panel focused on the lending environment. We thought it wise to share a portion of Dikeos’ presentation with a wider audience.