Phil Neuffer, Author at ABFJournal

Highlights from the Wolters Kluwer 2022 Banking Regulatory & Risk Indicator Survey

Tim Burniston, senior advisor for regulatory strategy at Wolters Kluwer, discusses the implications of a recent survey from Wolters Kluwer that showed lenders are increasingly concerned about new regulations and their ability to manage risk.

February 1, 2023 Tim Burniston | Wolters Kluwer Phil Neuffer

Financing Turnaround: How Secured Lending Saved Handaband USA

Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly recruited lender (GemCap) have gotten the business back in the fast lane.

What Will Differentiate Private Credit Managers in the Next Downturn?

With a downturn looming, the private credit market is prepared to face a real test. Dean D’Angelo, a partner at Stellus Capital Management, explains how private credit managers can navigate challenging market conditions and continue to produce strong recovery rates.

January 17, 2023 Dean D'Angelo | private credit | Stellus Capital Management Phil Neuffer

Slump in Tech IPOs Opens Opportunities for Venture Debt and ABL Sectors

With the IPO market slowing in 2022 for technology companies, venture debt has become an attractive source of additional capital, and this trend has also opened up opportunities for asset-based lenders. Jennifer Post, managing partner at Thompson Coburn, discusses these trends and more in a Q&A with ABF Journal.

December 27, 2022 Jennifer Post | Thompson Coburn Phil Neuffer

When Will M&A Activity Pick Up After a Sluggish 2022?

James Stevens, co-leader of the financial services industry group at Troutman Pepper, explains some of the trends in the relatively slow M&A market in 2022.

December 27, 2022 James Stevens | Troutman Pepper Phil Neuffer

Wells Fargo to Provide $55MM in DIP Financing to DCL Corporation

DCL Corporation, a manufacturer and reseller of color pigments, filed for bankruptcy in the United States and Canada. In support of the restructuring process, Wells Fargo, DCL’s existing lender, agreed to provide up to $55 million in debtor-in-possession financing.

Silicon Valley Bank Provides $40MM Credit Facility to Aspen Neuroscience

Aspen Neuroscience, a biotechnology company developing autologous cell therapies, including an iPSC-derived autologous neuron replacement treatment for Parkinson’s disease, signed a $40 million credit facility with Silicon Valley Bank. Deal terms were not disclosed.

December 22, 2022 Aspen Neuroscience | Kameel Farag | Michael White | Silicon Valley Bank Phil Neuffer

National Bank of Canada Extends Maturity Date of Titan Mining’s Credit Facility

Titan Mining extended the maturity date of its $40 million credit facility with National Bank of Canada from Dec. 6, 2023, to Dec. 6, 2024.

December 22, 2022 Augusta Investments | Don Taylor | National Bank of Canada | Titan Mining Phil Neuffer

Wells Fargo and Regions Bank Increase eCapital’s Syndicated Bank Facility

eCapital increased its syndicated bank facility. Wells Fargo acted as the administrative agent for the facility while serving as joint lead arranger and joint book runner with Regions Bank. The facility increase brings eCapital’s total bank facility commitments to more than $1.2 billion.

Silicon Valley Bank Provides $75MM in Debt Financing to Evolv Technology

Evolv Technology, a provider of artificial intelligence-based weapons detection security screening, closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank.

December 22, 2022 Evolv Technology | Mark Donohue | Silicon Valley Bank | Yvonne McCague Phil Neuffer

Author: Phil Neuffer