Harry R. Novak, SVP and regional business development manager for First Capital, explores the importance of the oil and gas industry, and challenges faced by ABL lenders financing companies in this fast-growing area of the U.S. economy.
Baker Donelson Attorney Susan Mathews makes a case for venue reform, explaining why corporate debtors should be accountable to local trade creditors, employees and communities and be required to file Chapter 11 at their home base.
Wells Fargo Capital Finance’s Barry Bobrow writes to the CFO to explain the benefits of stepping outside the traditional loan structure and into an asset-based facility. Using some case studies as an example, Bobrow is able to highlight why choosing an ABL structure better fits the needs of certain borrowers in an ever evolving market.
As U.S. companies continue expanding their offerings globally, asset-based lenders that successfully work with exporters, their customers and export credit insurers will open the door to tremendous growth opportunities.
Ken Naglewski, principal of The 180 Consulting Group and partner in Seabiscuit Partners, imparts wisdom to CFOs on recognizing signs of trouble and steps to take in dealing with lenders when a turnaround is imminent.
When an organization undergoes transformational change, it is imperative for leaders to implement simultaneous business and communications strategies to ensure employees embrace the new business landscape. Bob Domenz, founder and CEO of Avenue Marketing, discusses strategies to avoid “organizational swirl” and achieve a successful transition.
The Phoenix Management Q2/13 “Lending Climate in America” survey revealed waning lender optimism; however, sentiment has taken a more positive turn over the last 12 months. The Q2/14 survey indicates that despite a few signs of caution, lenders are increasingly optimistic about the U.S. economy and commercial lending on a near-term and long-term basis.
As more small and middle market domestic companies venture into foreign countries to capitalize on overseas opportunities, lenders must educate themselves on jurisdictional laws to successfully engage in cross-border, asset-based loans.
Eastern Bank’s recent growth has led to its launch of an asset-based lending unit, headed by Robert Barnhard as team leader. Drawing upon experience gained at RBS Citizens, LaSalle Bank, IBJ Schroder and Gordon Brothers Finance, Barnhard has just the level of expertise the bank needs to become a go-to asset-based lender.
In a Q&A with ABF Journal, Jack Butler of Hilco Global provides insight into the state of the restructuring industry in the current economic and political environment and what he sees down the road for capital markets, corporate restructuring and Bankruptcy Code reform.