Published Articles Archives - Page 103 of 115

Basis for Selection: Choosing the Right Turnaround Advisor

Experienced lenders know that sooner or later, some portion of their portfolio will become financially distressed. The causes of distress range from the macro: (e.g. increased unemployment, declining demand, etc.) to the micro (e.g. poorly executed growth initiatives, loss of core customers, etc.). Regardless of the cause, when lenders see that they have a troubled company in their portfolio, they often agree that a turnaround advisor is needed. The key question lenders should ask themselves in these situations is: What turnaround advisor is right for the situation at hand?

May 2, 2011 troubled companies Rita Garwood

Asset-Based Lending and Leveraged Finance: The New Chapter

Well capitalized banks that over-reserved for bad loans are now seeking the type of yields that ABL deals can generate with perceived less risk. Some banks are going full bore, with new offices and staffing announcements every day. Here Hugh Larratt-Smith and Ted Galovan check in with six executives from various institutions to gain their perspectives on today’s ABL marketplace.

Conversations From Villanova — A Loan Market Review of Q1/11

In early April, nearly 100 commercial finance, turnaround and bankruptcy professionals gathered at the Villanova University Conference Center in Villanova, PA to attend the Fourth Annual Education and Networking Event jointly sponsored by ABF Journal, the New York Institute of Credit and the Philadelphia Chapter of the Turnaround Management Association. Maria Dikeos, director of analytics for Thomson Reuters LPC, was on hand to moderate a panel focused on the lending environment. We thought it wise to share a portion of Dikeos’ presentation with a wider audience.

May 1, 2011 lending activity | loan market | supply demand | The loan market ABF Journal

2011 ABL Marketplace Survey: ABLs Take Note as Competition Climbs to a Frenzied Pace

2011
ABOUT THE SURVEY
A respectable 11% of a select group of more than 800 senior asset-based lenders took the time to participate in this year’s Mid-Year Marketplace Survey. As portfolios grew stronger compared to a year ago, competition has also intensified, causing concern among this year’s respondents.

May 1, 2011 Marketplace Survey | regulatory policies ABF Journal

FinalCut: Booming Debt Market Largely Unavailable to ‘Turnarounds’

A report issued by Morgan Joseph TriArtisan noted that although the current syndicated loan and high-yield debt markets are booming, they remain largely unavailable for “turnaround” situations and lower middle-market borrowers seeking to raise funds.

May 1, 2011 James Decker | leverage | Morgan Joseph ABF Journal

FinalCut: Ocean Fresh Owner Gets Five Years for Defrauding Wells Fargo

ABF Journal illustrator, Jerry Gonzalez’ visual interpretation of a top-ranked abfjournal.com news story according to our visitors.

April 4, 2011 Ocean Fresh Seafood | Robert Coutu | Wells Fargo Business Credit | Wells Fargo Capital Finance ABF Journal

Castle Pines Joins WFCF to Serve Technology Resellers, Vendors & Distributors

In 2003, John Schmidt, Mike Gallagher and Chuck Lillis founded Castle Pines Capital to design and manage channel finance programs for technology equipment manufacturers and distributors. The new company received its first bank financing in 2005 from the Lender Finance Division of Wells Fargo Capital Finance. By 2011, both borrower and lender had come to know each other’s businesses so well that an acquisition was a natural progression.

April 3, 2011 wells fargo Rita Garwood

ABF Journal, NYIC Approach the Bench, Once Again … U.S. Bankruptcy Judge Accentuates the Positive

Today, as the economy inches slowly toward recovery, ABF Journal and the NYIC were given the opportunity to approach the bench once again … this time to gain Judge Rosemary Gambardella’s perspective on how things have played out since our last interview in 2009, as well as the Judge’s view on today’s realities.

April 2, 2011 Bankruptcy Court | Judge Rosemary Gambardella Rita Garwood

When Capital Runs Scarce … Purchase Order Finance Can ‘Fill the Bill’

It’s an all-to-familiar tune these days … a borrower in distress has no access to traditional financing or supplier credit to fulfill a spike in business. Purchase order financing can provide an excellent solution to turn such companies around and back on the road to financial stability.

April 2, 2011 purchase order finance | purchase order financing Rita Garwood

Balancing Act — TMA’s Ninth Annual Mid-Atlantic Symposium Attendees to ‘Seek Stability’ in Atlantic City

This year’s TMA Mid-Atlantic Regional Symposium — Creating Stability in a Seesaw Environment — will be held at Atlantic City’s Borgata Hotel June 8-10. To offset the gravity of slated sessions, which range from municipal budget crises to the shift in the lending landscape, the symposium planning committee has selected a political satirist to deliver this year’s keynote speech.

April 2, 2011 turnaround professionals Rita Garwood

Category: Published Articles