MidCap Financial Expands FLOCK Debt Facility

FLOCK Specialty Finance has closed on a new senior debt facility with MidCap Financial Services, an Atlanta-based, alternative funding provider of capital and expertise for the purchase of both charged-off debt portfolios and for the financing of subprime consumer obligations.

Health Care Services Industry Financing: Potential Pitfalls Can be Costly

The health care services industry is booming with new facilities and innovative drugs developed to serve an aging population. Lenders may see opportunities for profit, but Glenn Prives points out pitfalls in this highly-regulated sector which could have the unprepared lender facing fines or criminal charges. Due diligence is key.

Drawing the Battle Lines: ABL Lenders and BDCs Engage in Tug-of-War Over Unitranche Loans

The simplicity and speed required to put together a unitranche facility has made it a popular option for borrowers and lenders. However, the façade of the split-lien solution is beginning to crack as first and second lien lenders find themselves in a tug of war over intangibles. Charlie Perer explores the ways lien fighting is imploding a once beautiful friendship.

Lending Against Consigned Inventory: Making It Work For Both The Borrower And Lender

Sometimes suppliers agree to place inventory with manufacturers on a consignment basis. Attorney Anthony Cianciotti points out the pitfalls lurking in such arrangements and provides legal avenues to protect suppliers from loss.

Frost Bank Names Kaplun President, Specialty Finance

Frost Bank said it named Harry J. Kaplun president of Specialty Finance. Kaplun, who has served as president of Frost Equipment Leasing and Finance since 2001, will now oversee both Frost Bank’s asset-based lending and equipment leasing and finance divisions.