TD Economics Forecast: Economic Growth Momentum Will Peak in 2015

A strengthening labor force leading to stronger consumer spending and gradual housing market gains, combined with a tempered tightening of Fed monetary policy to preserve the burgeoning economic expansion mean the pieces are in place for the economy to grow by 2.9% in 2015, according to a forecast by James Marple, TD Bank Group senior economist.

No ‘Cookie Cutter Deals’ — Why Creativity is Key to Winning Business in 2015

Though similar themes of high liquidity, increased competition and decreased spreads continue to echo in the market, five industry luminaries share their thoughts with longtime ABF Journal contributor Lisa Miller on new money opportunities, what it takes to win a deal today, when interest rates will rise — and more.

November/December 2014

Nov/Dec 2014
ABL Outlook
Vol. 12, No. 8

Syndicated Loan Considerations Pending Litigation As a Cautionary Tale

In re Oak Rock Financial, LLC, a pending bankruptcy case, addresses pitfalls associated with the structure and terms of participation agreements. Ruskin Moscou Faltischek Senior Partner Jeffrey A. Wurst and Associate Jon H. Ruiss, Jr. dissect the case, stressing the importance of clarifying interests in advance.

FinalCut: Non-Bank ABLs Boosted by Tougher Regulations

ABF Journal illustrator Jerry Gonzalez provides his take on stricter banking regulations, which are creating new opportunities for non-bank providers of asset-based lending services to small and mid-sized businesses.

Debt Purchase Boosts a Turnaround: Saving Indiana Limestone and a Local Economy

Wynnchurch Managing Directors Erin Murphy and Duncan Bourne revisit a unique transaction involving a DIP loan and purchase of struggling Indiana Limestone Company’s assets to preserve an industrial giant and critical economic driver.

International Factoring Association: Committed to Global Education, Support & Collaboration

In a Q&A with ABF Journal, IFA Executive Director Bert Goldberg and IFA Northeast Chapter Executive Director Harvey Gross discuss the IFA’s recent chapter launch, as well as its global initiatives.

New Asset Management Vehicle… Harnessing a Market Opportunity

Walter Owens, CEO of Varagon Capital Partners, talks about co-founding the one-stop asset manager, providing transparency to build confidence in sponsors and investors, and solidifying the reputation of his new team by financing solutions up and down the capital structure.

M&A Growth Strategy: A New Approach for Transforming Businesses

KPMG’s Phil Isom and Dan Tiemann explain why businesses should consider M&A as an effective growth component to transform their organizations. The company leaders outline acquisitions KPMG has pursued over the last 12 months, showing how the deals enhance revenue and deepen client services in various market sectors.

Industry Trend Watch: Monitoring Developments in Key Sectors

Competition for new deals remains high despite a shift of excess capacity to the commercial finance sector. Donald Barrick, president of RMP Capital Corp. stresses that the same cornerstones of winning a customer remain true from pre-recession times, including keeping abreast of industry developments. Barrick outlines key trends to watch in various sectors.