Published Articles Archives - Page 94 of 115

Filling the Gap … With Enthusiasm A Conversation With Leonard Tannenbaum, CEO of Fifth Street Finance

Leonard Tannenbaum, CEO of Fifth Street Finance Corp., shares with the ABF Journal his experience in successfully taking his business from lender to publicly traded business development company — right when the bottom dropped out of the economy in 2008 — and his forecast for middle-market lending and M&A activity for the remainder of 2012.

FinalCut: Delaware Bankruptcy Court Confirms Lenders in Multiple-Level Financing

Instead of an illustrated news story, Jerry Gonzalez takes us to where the wild things are…

Back in the Game — Second Liens Taking Control in Distressed Situations

Regardless of the ultimate form of the transaction, recent history has shown that second lien debt has increasingly become a popular means of currency to take control of underperforming and overleveraged companies. These types of transactions will continue to become more prevalent as more participants enter this arena through the continuous raising of distressed fund capital. In addition, the success that some funds have had using these tactics will lead to their increased use in other distressed situations.

May 7, 2012 private equity firms | Sun Capital | Sun Capital Partners ABF Journal

Factoring Deal Opportunities Exist in Public Works Construction, But Don’t Get Hammered

RMP Capital’s Earl Harper issues a warning to factors considering factoring to the construction/building industry: Be prepared to assume a great deal more risk and expend a great deal more in time and effort as compared to other industry sectors. However, there is good revenue to be generated if the factor has been set up properly.

April 23, 2012 factoring deal opportunities ABF Journal

FinalCut: Krones Warns of Profit Drop Over Le-Nature’s Fraud

Krones AG found itself “bottled up” when it expressed concerns over company profits caused by Le-Nature’s fraud.

April 9, 2012 Krones AG | Krones Warns | Le-Nature | mediation process ABF Journal

2012 ABL Marketplace Survey: Lenders Voice Concern Over Regulatory Oversight, Irrational Behavior

In ABF Journal’s 2012 Marketplace Survey, participating lenders showed little restraint in voicing their dissatisfaction on what they perceive to be a troubling trend – the return to “irrational pricing” and “undisciplined behavior.” And competition isn’t the only concern with this year’s respondents.

April 7, 2012 Irrational Behavior | Marketplace Survey | respondents Rita Garwood

Trading Bankruptcy Claims … Watch Out for the Finer Points!

Speculating on “bad debt” dates back to colonial times when investors purchased individual claims at a fraction of their value against the strapped colonies with the hopes that the new government would eventually pay the claims in full. While much has changed since then, bankruptcy claims trading is still in practice by sophisticated investors with the acumen to estimate the timing and amount of payment. For sellers, the practice can significantly expedite liquidity, yet it is not with risk.

April 7, 2012 Bankruptcy Claims | Chapter 11 bankruptcy Rita Garwood

‘Hanging Ten’ in Atlantic City – TMA Celebrates Tenth Anniversary of Mid-Atlantic Regional Symposium

This year’s TMA Mid-Atlantic Regional Symposium — Riding the Next Economic Wave: Looking Ahead in Uncertain Times — will be held at Atlantic City’s Borgata Hotel Casino & Spa on June 13-14. Celebrating its tenth anniversary, this year’s symposium features a streamlined itinerary.

April 7, 2012 Adam Aron | Philadelphia | tenth anniversary celebration | Turnaround Management Association Rita Garwood

From Small Shop to Nationwide Player … With Greenfield Acquisition, Gibraltar Business Capital Execs Are ‘In It for the Long Haul’

In two short years Gibraltar Business Capital from a nine-personal small ABL shop to a nationwide player. Armed with a solid strategy, significant equity backing and an expanded credit line, the Northbrook, IL-based company made industry headlines recently when it announced it acquired Greenfield Commercial Credit. For CEO Darren Latimer and COO Scott Winicour, this is just the beginning.

April 7, 2012 Gibraltar Business Capital | Gibraltar Business Capital Scott Winicour Rita Garwood

Factoring Deal Opportunities Exist in Public Works Construction, But Don’t Get Hammered

There are considerable opportunities for factors in the construction space, particularly working with small- to medium-sized contractors ($2 million to $20 million per year in revenue) due to the barriers to financial success inherent in today’s construction industry.

April 7, 2012 construction contractors | contractors Rita Garwood

Category: Published Articles