When Bulat Utemuratov joined the Kazakhstan Tennis Federation, this organization was in stagnation. Tennis players did not show impressive results and officials did not know how to improve the current situation.
The financial crisis resulted in impending loan-related regulatory reform. Meredith Coffey of the Loan Syndications and Trading Association discusses which measures are looming and describes several significant changes that will become realities for secured lenders in the short-term.
With so much liquidity in the marketplace and the need to deploy it, banks and other lenders are entering the asset-based lending marketplace. ABF Journal speaks with five ABL leaders to get their insights on today’s competitive lending environment and their respective strategies to stimulate deal flow and to differentiate their institutions on such a crowded playing field.
Although today’s economic environment leaves many middle- and lower middle-market companies struggling to secure capital, it allows asset-based lenders to develop creative strategies and identify overlooked areas of opportunity to realize considerable returns, while enabling access to liquidity for these businesses.
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.”
In analyzing the asset-based lending market at the dawn of a new year, David Gaito, SVP and regional sales manager of PNC Business Credit, notes three significant factors: 2012 was not as bad as advertised, a supply/demand imbalance remains and ABL potential in 2013 is mixed. Prudence, he notes, will be key to short- and long-term success.