Category: Industry Related

Back to the Future: Opportunities Are Ripe for Second Lien Lenders in 2013

An upswing in competition for high-quality transaction opportunities this year led to increasing demand for yield as banks and high-yield bond investors were more aggressive in extending capital to large borrowers. Gordon Brothers’ Patrick Dalton says that in 2013, second lien lenders that understand downside risk and continue their sharp credit skills will find areas of opportunity.

Looking Back to Move Forward: The Syndicated Loan Market — Yesterday and Today

In an effort to provide an end-of-the-year update on the syndicated loan market, Trimingham’s Hugh Larrett-Smith discusses the sector both here and abroad with leading lenders. He also offers an historical perspective detailing the success of Bernard Baruch and how syndicated loans have thrived throughout the centuries.

Lender Amnesia or Healthy Competition? ABL in the Post-Downturn Era

Is there presently a trend of soft pricing and loose structure in the ABL marketplace? Or is post-recession competition a reflection of normal supply and demand in the current the economic cycle? Howard Brod Brownstein asks 14 leaders of institutions ranging from ABL giants to smaller, non-regulated players to share their candid observations about ABL pricing and structure for the balance of 2012 and 2013.

CFA Annual Convention: Thriving Through Industry ‘Transformation’

The theme of the CFA’s 68th Annual Convention is “Transformation,” and the event features keynote speaker Richard B. Cheney, 46th Vice President of the United States, who will offer insight into the economic and political landscape, past and present. The convention, which takes place November 14-16, 2012, at the JW Marriott Desert Ridge in Phoenix, AZ, attracts professionals from around the world involved with asset-based lending, factoring, appraisals/auctions/liquidations, turnaround management and commercial finance law to collaborate on issues in commercial lending.

Asset-Based Lending Heats Up in the Midwest

Traditionally, the Midwest, with its concentration of privately held manufacturing and distribution companies, has been fertile ground for middle-market asset-based lenders. Today, the ABL market in the region is heating up due to hungry new competitors and existing lenders expanding their reach. For companies looking to increase their borrowing needs, the market is wide open. And for lenders, the challenge is to grow while maintaining appropriately priced and structured asset-based loans.

ABLs in Uncertain Times: Sorting Risk From Opportunity In Today’s Fragile Recovery

ABF Journal spoke with leading executives, primarily from bank-affiliated ABLs, to get their perspective on where we might be headed through the remainder of this year and into 2013 and beyond. While most ABLs seem to agree there’s room for cautious optimism, the uncertainty surrounding a wide variety of factors — ranging from energy and commodity prices, to housing starts, to the viability of progress on the euro-zone debt crisis, to the uncertainty surrounding the vagaries of an election year — gives many a sense that progress will be limited until resolution is gained.

Villanova 2012: Post-Recessionary Lending and Credit Observations

At the fifth annual Education and Networking Conference sponsored by the New York Institute of Credit, Turnaround Management Association/Philadelphia chapter, the Commercial Finance Association/Philadelphia chapter and the ABF Journal, five ABL leaders offered their perspectives on post-recessionary lending and credit. Participating on the panel, moderated by Blank Rome’s Paul Shur, were Richard Bochicchio, managing director, […]

The ‘Other End’ of the Market: Increased Competition Indicates a Fertile Playing Field

In this year’s ABL Marketplace issue, ABF Journal gives equal voice to the “other end” of the market — namely to the deals $20 million and under. As such, we invited Bridge Bank’s Darla Auchinachie, Marquette Business Credit’s Guy Camerlengo, MidCap Business Credit’s Seth Cooper and AloStar Business Credit’s S. Scott Simmons to provide an outlook on what turns out to be a fertile playing field.