Phil Neuffer, Author at ABFJournal

Asset-Based Lending in the UK: Evolving or Unnoticed?

Medium to large-cap businesses in the UK could be missing out on asset-based lending, a form of flexible financing popular in the United States that is comparatively neglected in the UK due to popular misconceptions.

May 3, 2022 Asset Based Lending | BNP Paribas | Richard Winton Phil Neuffer

2022 Credit & Restructuring Summit Review: How Different Lenders See Transactions Differently

Every asset-based lender brings a different set of criteria to the table when examining a potential deal. In a panel at the 13th Annual Philadelphia Credit & Restructuring Summit, four different financing providers outlined their own unique perspectives on deal evaluation.

Surviving in the ‘Twilight Zone’ of Asset-Based Lending

In the current market, where sentiment can change on a dime due to everything from supply chain constraints to geopolitical upheaval, it’s essential to expect the unexpected, but that doesn’t mean we can actually see the twists coming.

March 24, 2022 Asset Based Lending | bankruptcy | Charlie Perer | SG Credit Partners | Specialty Finance Phil Neuffer

KeyBanc Capital Markets Arranges $250MM Revolver for Scout Clean Energy

Scout Clean Energy, a Colorado-based renewable energy developer, owner and operator, closed a $250 million revolving corporate credit facility. KeyBanc Capital Markets is acting as mandated lead arranger for the facility.

March 18, 2022 Aaron Klein | KeyBanc Capital Markets | Michael Rucker | Quinbrook Infrastructure Partners | Scout Clean Energy Phil Neuffer

Barclays Provides $300MM Revolver to DailyPay

DailyPay, a technology platform, secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to capital to service its roster of partners, including many employers in the United States.

March 18, 2022 Barclays | DailyPay | Ghani Iberraken | Jason Lee Phil Neuffer

Wells Fargo Leads Transition of Select Energy’s ABL to Sustainability-Linked Structure

Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.

White Oak Healthcare Finance Supplies $395MM Credit Facility to Genesis Healthcare

White Oak Healthcare Finance acted as sole lender and administrative agent for a $395 million senior credit facility for Genesis Healthcare.

March 18, 2022 David Harrington | Genesis HealthCare | Isaac Soleimani | White Oak Healthcare Finance Phil Neuffer

SLR Credit Solutions Promotes Andreoli, Dunn and Russell

SLR Credit Solutions promoted Jimmy Andreoli to assistant vice president, Matthew Dunn to vice president and Michael Russell to managing director.

March 18, 2022 Jimmy Andreoli | Matthew Dunn | Michael Russell | SLR Credit Solutions Phil Neuffer

Oaktree Capital Management Provides $100MM in Financing to Impel Neuropharma

Oaktree Capital Management closed two separate transactions totaling $100 million in gross funding for Impel NeuroPharma, a commercial-stage pharmaceutical company. The transactions include $50 million of senior secured debt.

March 18, 2022 Adrian Adams | Aman Kumar | Impel NeuroPharma | Oaktree Capital Management Phil Neuffer

Cross River Bank Delivers $50MM Credit Facility to Cherry Technologies

Cross River Bank’s strategic direct lending team provided a $50 million credit facility to Cherry Technologies, a company that enables medical practices to offer flexible payment plans to their patients.

March 18, 2022 Cherry Technologies | Cross River Bank | Felix Steinmeyer | Rahul Jha Phil Neuffer

Author: Phil Neuffer