ABF Journal illustrator Jerry Gonzalez offers his portrayal of the Chapter 11 filing by vacuum manufacturer Oreck – assets of which are subject to a lien securing a $20 million line of credit from a lender group led by Wells Fargo – and the Oreck family’s bid to reclaim the company from Black Diamond Capital Management.
The 2013 International Factoring Association (IFA) Business Profile and Performance Survey was distributed to about 1,500 factoring industry members in the U.S. and Canada in January 2013. The purpose of the study was to provide information that can be used by members to benchmark their own performance metrics and better identify operating practices and trends.
Secured lenders face difficult choices when a debtor’s reorganization plan fails to achieve defined goals. However, taking the time to explore alternative approaches — such as an out of court orderly liquidation — could result in a better outcome than expected.
ABF Journal contributor Lisa Miller caught up with Dan Chapa, CEO of Healthcare Finance Group, to discuss the company’s recent acquisition by Fifth Street Finance and what it will mean in terms of future growth now that HFG has the added advantage of being affiliated with a public company that has access to capital.
Michael Charleston, Bayside Business Solutions program manager, outlines how lenders can adapt to a fast-paced, data-rich environment by utilizing portfolio management systems that customize controls and workflows to meet the unique requirements of each collateral type on a deal-by-deal basis.
Salus Capital’s inaugural ABL transaction in Canada underscores the company’s momentum and expanding geographic reach. Northern Reflections reaps the benefits of having a lender with flexible financing options, retail sector expertise and a Canadian presence.
About a decade ago, when the metals industry faced significant challenges and changes, many companies in the sector turned away from cash-flow facilities in favor of asset-based loans. Today, ABL remains this industry’s finance method of choice.
As e-commerce evolves as a key part of the retail market, ABLs that have a strong understanding of the online model will have no shortage of opportunities to expand their loan portfolios.
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.
ABF Journal illustrator Jerry Gonzalez shares his creative rendering of the launch of Siena Lending Group, which provides ABLs to small and mid-market businesses and offers an asset-based product for community banks.