ABF Journal Livestream: How COVID-19 Has Affected Retail Finance ABF Journal Conference Series

A Free Livestream by ABF Journal

ABF Journal Livestream: How COVID-19 Has Affected Retail Finance

ABF Journal is excited to announce its first livestream of 2021: How COVID-19 Has Affected Retail Finance. The COVID-19 pandemic has affected retailers more than nearly any other industry, and providers of retail finance have had to deal with serious challenges. This livestream will briefly cover the basics of retail finance and what differentiates it from other lending activities, and then explore how COVID-19 has affected retailers and their financial sources, including a look at the holiday shopping season. Both bank and non-bank lenders have had to adjust substantially, and the process is far from over. The event’s panel of experts will share their expertise and experience in discussing an unprecedented time in managing retail finance.

Wednesday, February, 17, 2021

3:00 pm – 4:00 pm EST

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Register now! Can’t make the live event? No need to worry.
We will provide recordings to everyone who registers.

 

By registering for this conference, attendees authorize ABF Journal to share your contact information, including but not limited to your email address and telephone number, with sponsors. For more information please contact Terry Mulreany at terry.mulreany@abfjournal.com.

 

Moderator:

Howard Brownstein

President, The Brownstein Corporation

Howard Brownstein is the president of The Brownstein Corporation, a nationally-known turnaround and crisis management firm that provides turnaround management and advisory services to companies and their stakeholders, as well as investment banking services, fiduciary services, litigation consulting, investigations and valuation services. Brownstein is a Certified Turnaround Professional (CTP), and has been involved in several high-profile retail cases, including serving as plan administrator in Montgomery Ward LLC, the largest retail liquidation in history.

Brownstein also regularly serves as an independent corporate board member for publicly-held and privately-owned companies, as well as large nonprofits, and his board roles have included two retail firms. He has been named a board leadership fellow by the National Association of Corporate Directors (NACD) and served as chair and president of its Philadelphia chapter.

 

Panelists:


Bill Kearney

Managing Director, White Oak Commercial Finance

Bill Kearney is a managing director at White Oak Commercial Finance. He has more than 30 years of experience in asset-based lending and has focused on retail finance since 2003. He has experience in financing retailers across business cycles, providing refinancing, debtor-in-possession facilities, exit financing and LBOs.

 


Kyle C. Shonak

Managing Director, Retail, Gordon Brothers

Kyle C. Shonak is a managing director in the retail division of Gordon Brothers and forms part of the team responsible for the company’s retail growth strategy and the management of retail client engagements. He brings expertise in managing complex wind-down transactions and guiding organizations as they navigate change and transformation. Shonak has extensive experience offering clients customized solutions through effective structuring, underwriting, rehabilitation and asset monetization.

Prior to joining Gordon Brothers, Shonak was a managing director at Pathlight Capital, where he managed all aspects of the firm’s commercial lending business. Previously, he was president of Salus Capital Partners, spearheading the company’s wind-down and portfolio restructuring. He also previously served as vice president of special assets for Textron Financial, where he was responsible for developing legal and business strategies in Chapter 11 bankruptcy.

Shonak is a member of the American Bankruptcy Institute, the Turnaround Management Association and the Secured Finance Network.


Kenny Smith

Managing Director, Crystal Financial

Kenny Smith is a managing director at Crystal Financial. He is responsible for sourcing and structuring new transactions from a nationwide network of private equity firms, commercial banks and other intermediaries. Smith joined Crystal in 2011 as a member of its underwriting and portfolio management team. Prior to joining Crystal, Smith held roles at JMH Capital, Breakaway Ventures and BDC Capital. He currently serves on the board of directors of the Secured Finance Network’s New England chapter and the Turnaround Management Association’s Northeast chapter.


Daniel Williams

Managing Director, Encina Business Credit

Daniel Williams is a managing director with Encina Business Credit based in New York and is responsible for market coverage in the Northeast. For most of his more than 20-year career, he has primarily focused on meeting the financial needs of middle market companies while working on platforms that include GE Capital, BNP Paribas and B. Riley Financial. Williams began his career with Gordon Brothers Finance Company in Boston, which subsequently became BankBoston Retail Finance before relocating to the New York market. Throughout much of his career, he has focused on the credit needs of retail and consumer products companies, having led deals for such companies as Dick’s Sporting Goods, The Bon Ton, Tourneau and Aeropostale. In his current capacity with Encina, Williams is focused on deal sourcing and structuring to companies in all industries, but he also has been called upon as a subject matter expert to aid in the origination, structuring and closing on a number of recent Encina Business Credit retail-related transactions.

 

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Contact Susie Angelucci at 484-459-3016 or email susie.angelucci@abfjournal.com