The ABF Journal spends time with Christopher R. Carmosino, president of RBS Citizens Business Capital, to discuss the group’s expertise, recent expansion and the current state of the ABL marketplace.
Under Stuart Brister’s leadership, the recently launched Commercial Services Division of Wells Fargo Capital Finance brings together the company’s trade capital business and AR/PO financing group under one umbrella, resulting in greater operational and marketing efficiencies and providing the opportunity to broaden the unit’s product offerings and geographic reach.
In May 2012, Great American Group announced that it appointed Stuart Armstrong as president of GA Capital. Recently, he met with ABF Journal contributing editor Howard Brod Brownstein to discuss GA Capital’s evolution and to explore Armstrong’s deep industry experience, which includes serving as an executive with GE Capital and launching Tygris Commercial Finance.
In a wide-ranging Q&A, ABF Journal engages Thomas Hobbis and Jeffrey Kilrea, co-heads and managing directors of CIT Sponsor Finance, to get their collective thoughts and insights into the current environment of originating and closing deals with private equity companies.
Associated Commercial Finance executive Mark Wierman goes head to head with First Capital executive vice president John Curtis in a lively debate about what some of the considerations are when a perspective ABL borrower contemplates dealing with a bank versus an independent.
Financial executives and their banking partners have become more innovative as companies increasingly look for business opportunities in global markets. Here’s how three U.S. companies navigated the challenges.
While ESOPs offer an attractive financing structure, it is important for borrowers to make sure that an ESOP is right for their company’s strategic goals. Ty Dealy, managing director at Monroe Capital, offers tips for CFOs when considering an ESOP financing.
The results of Phoenix Management’s Q1/13 “Lending Climate in America” survey showed improvement in all metrics. However, lenders’ optimism waned in Q2, as the survey indicated substantial moderation in expectations for commercial lending relative to the previous quarter.
In his analysis of this year’s second quarter survey results from The National Center for the Middle Market, GE Capital’s Robert McCarrick notes that mid-market executives are optimistic about their prospects for growth, are ready to invest capital and plan to add workers, despite concerns about rising healthcare costs and the likely return of more costly credit.
The Court of Appeals for the Ninth Circuit has joined other circuits in holding that the bankruptcy court has the authority to re-characterize a debt obligation as equity in the context of a fraudulent transfer avoidance action under the Bankruptcy Code. For third-party, non-insider creditors, the Fitness Holdings decision is a helpful tool to restore assets to the debtor’s estate that were transferred to the holder of an equity interest in the guise of a debt repayment.