Despite all we know about Chapter 11 bankruptcy, there is still a lot left to be uncovered. Examining how the process affects minority-owned businesses is an especially lacking area of study, but there are potential insights to be found in the limited research that has been done as well as the more largely available data on the consumer side.
According to a new survey of 112 private credit industry professionals conducted by Katten in February, 91% of investors and 80% of lenders expect deal flow to increase this year and are optimistic about several deal categories and sectors.
According to Deloitte’s CFO Signals Survey, CFOs are showing greater optimism for their organizations’ financial prospects, with 67% reporting they are somewhat or significantly more optimistic compared with three months ago.
Bank of Montreal’s technology and innovation banking group expanded iLOOKABOUT’s credit facility by $4 million in support of its recent acquisition of Apex.
Global dealmakers are optimistic about the outlook for this year’s second half, spurred by a rebound in mergers and acquisitions, according to a series of polls conducted by Datasite and Mergermarket.
The newly passed stimulus package includes plenty of provisions which will be important to lenders, especially those who have borrowers in sectors under distress during the COVID-19 pandemic. Paul H. Shur of Becker & Poliakoff walks us through the most important provisions and what they mean for lenders.
Jeffrey Wurst observes federal judges currently spend most of their time handling criminal and discrimination cases rather than commercial finance. As a result, the judges are not as knowledgeable about this area, and the cases take longer to resolve. Looking to build a better mousetrap, Wurst has hit on arbitration to resolve commercial disputes in a fair and timely manner.
Regional banks play an important role in today’s economy, offering personalized services to small and middle-market businesses. They also are expanding into the ABL market to serve those customers. ABF Journal contributor Lisa Miller spoke with ABL executives from four regional banks who shared their thoughts on the economy, the impact of technology and working with alternative lenders.
While lenders carefully scrutinize companies seeking to borrow money, borrowers rarely exercise the same due diligence to screen potential lenders. No one embarks on a business venture planning to fail, but it does happen. Bayard Hollingsworth advises borrowers to investigate the ways lenders handle a deal that goes wrong before accepting other people’s money.
In the early stages, corporate turnarounds can resemble a hospital emergency room, according to Malcolm McKenzie. Performing triage may be the only way to save the patient. He offers eight practical tips to execute a successful turnaround.