Veritas Financial Partners Hires Kaplan as Vice President
Veritas Financial Partners hired Scott I. Kaplan as VP, Underwriting. He previously served as an investment banker at Vaupen Financial Advisors and as VP in the Deutsche Bank Real Estate Investment Banking Group.
U.S. ABL Facilities Demonstrate Full Recovery in Bankruptcy
According to a new Fitch Ratings report, U.S. asset-based lending (ABL) facilities present in a defaulted issuer’s capital structure demonstrated complete recoveries in a bankruptcy scenario.
FinalCut: Wells Fargo Provides ABL to Support SUPERVALU Cerberus Deal
ABF Journal illustrator Jerry Gonzalez shares his depiction of SUPERVALU’s deal to sell some of its grocery store chains to Cerberus Capital and its related $900 million facility led by Wells Fargo.
March 2013
FEATURES COMPANY/EXECUTIVE PROFILE FROM ALL FACETS TURNAROUND CORNER SPECIALTY LENDING RECENT HEADLINES, NOTABLE TRANSACTIONS & ADVICE BANKRUPTCY UPDATE LEGAL EYES FINAL CUT
While Hostess Crumbles, Twinkies Will Survive
Although the demise of Hostess has been well publicized, veteran turnaround advisor Ted Gavin examines the chain of events that led up to what he says could be labeled “the most mutually destructive collective bargaining agreement negotiation in crème-filled history.”
Is Chapter 11 Still a Viable Option?
Companies emerging from Chapter 11 as reorganized debtors as we used to know them have become rare. Attorney Jeffrey Wurst explains that middle-market companies generally cannot afford or withstand the high cost of a Chapter 11 in today’s environment and notes that alternatives will become even more popular.
2013 Factoring Conference: An Unforgettable Journey
The 2013 IFA Conference attracts factoring professionals from all over the world to network, learn about new trends, connect with exhibitors and share best practices — and to have some fun. Whether taking advantage of all the event has to offer or enjoying the amenities of Miami Beach, this year’s conference will be an unforgettable journey.
No-Holds-Barred Assessment — The Foundation of Corporate Turnarounds
Accepting the reality of a corporate crisis can be significantly painful. However, as Phoenix Management’s Jim Fleet and Bob Gowens point out, options for help are available — and if a distressed company is willing to face the real truth behind its underperformance, it can reverse the downward spiral and return to strength.
Hostess Case — Bankruptcy Court Refuses to Send Cash Collateral Dispute to Arbitration
U.S. Bankruptcy Court Judge Robert Drain’s decision in the Hostess case demonstrates that even if a dispute between a debtor and a third party is arguably subject to a pre-petition arbitration clause, that dispute may not be subject to arbitration if it is considered a “substantially” core aspect of the bankruptcy process.