On the Leading Edge: Turnaround and Restructuring Now
Dive into the pulse of the market with the first installment of a new 10-part video series by TMA, in association...
Forward for Specialty Finance
Pulse
Lender on Lender: Inside the Legal Arms Race Reshaping Liability Management
Octus covenant experts Julian Bulaon and Melissa Kelley argue that while the Fifth Circuit's Serta decision reshaped the LME playbook,...
When Structure Becomes Strategy
In recent months, capital markets have been shaped less by headlines and more by execution. As macro uncertainty, rate pressure,...
Software Lending and the Recurring Revenue Premium
As private credit platforms flood the enterprise software market, lenders are increasingly valuing predictable subscription streams over traditional collateral —...
The New Era of Bank-Independent Lender Partnerships
Mitsubishi HC Capital America's Brian Rosa makes the case that the accelerating alliance between banks and independent lenders isn't a...
The Loss Rate Advantage: Why Direct Lending Continues to Outperform Public Credit Markets
The case for direct lending has always rested on a simple proposition: private credit should deliver better risk-adjusted returns than...
MCA Daily Withdrawals, Collateral Erosion and the Question of Control
In most cases, not through a borrower’s negotiation alone, moving bank accounts, or other isolated tactics. Those approaches often trigger...
Covenants, Collaboration and Capital: A Deep Dive into Subordinate Debt
The landscape has undergone a shift over the last year. With lenders re-stabilizing after the post-COVID "slingshot" effect, many businesses...
How Midsize Banks Should Approach Agentic AI
If you’re a midsize bank trying to figure out AI strategy and implementation, welcome to the club. Banks of all...
UCC 9-406 Notices in the MCA Market: When Payment Must Be Redirected by Account Debtors
Senior secured lenders are increasingly encountering a familiar disruption - not within their borrower’s operations, but among its customer base....
