NEWS



The TSL Interview:
Lin Chua, a Female Founder
in the Fintech Space

Lin Chua, co-founder, COO & head of Capital Markets of InterNex Capital, an asset-based digital lender providing revolving lines of credit to small and midsized businesses. By Eileen Wubbe

READ NOW #TSLdigital


 


INSIDE THE MAY ISSUE

Funding for Independent Commercial Finance Companies: Where to Look for Junior Capital in Today’s Capital-Rich Environment

BY TIM STUTE • MAY 1, 2017 

Tim Stute of Houlihan Lokey’s Financial Institutions Group discusses how knowing your strategic goals and understanding how they mesh with the various players in the institutional capital market will help entrepreneurial finance companies navigate their options...READ MORE



Atypical Collateral Can Endanger an M&A

BY ROBERT WOOD • MAY 1, 2017 

“Atypical” collateral in financing deals is being included in deals to make the deals more attractive. Robert Wood of Freed Maxick discusses three types of atypical collateral: unbilled receivables, in-transit inventory and work-in progress (WIP) inventories...READ MORE

 




The TSL Interview: Lin Chua, a Female Founder in the Fintech Space

BY EILEEN WUBBE • MAY 1, 2017 

The Secured Lender’s senior editor sat down with Lin Chua, co-founder, COO & head of Capital Markets of InterNex Capital, an asset-based digital lender providing revolving lines of credit to small and mid sized businesses...READ MORE



Accessing Capital: Lenders And Trade Credit Insurance, Fueling The Engine Together

BY JOSEPH KETZNER, SR. • MAY 1, 2017 

Joseph Ketzner Sr. of Global Commercial Credit explains how lenders and trade credit insurance providers can work together to fuel the engine that drives the business...READ MORE


 



The Entrepreneurial Lender’s Guide to Raising Capital

BY John D. Cochran and Benjamin P. Kaplan • MAY 1, 2017 

Finding the right capital partner can make all the difference. John Cochran and Benjamin Kaplan of Lovell Minnick set out guidelines for entrepreneurial lenders seeking to raise capital.....READ MORE



 


Refinancing the Borrower Through an Assignment and Assumption: When, Why, and How

BY JASON I. MILLER • MAY 1, 2017 

In Part 1 of this two-part series, Jason I. Miller introduces the assignment and assumption structure and its benefits, discusses the factors a lender can use to determine whether it is ultimately a beneficial strategy to pursue under the circumstances, and begins to focus on key provisions typically found in an assignment and assumption agreement...READ MORE


 

DEPARTMENTS

Letter From 
Richard D. Gumbrecht, Interim CEO of CFA, updates readers on CFA’s progress and shares some of the exciting initiatives that are underway....READ MORE

 

 

 

 

 


  

Collateral
The latest issues affecting the ABL and factoring industries, including company news and personnel announcements....READ MORE

What Would You Do  
In this edition of What Would You Do?, the Chief Credit Offi cer of Overadvance Bank considers a prospect’s request to lend to the prospect and its affiliate, as coborrowers, under a combined borrowing base. By Dan Fiorillo and Jim Cretella....READ MORE

CFA Brief 
Among CFA Members, CFA Chapter News, CFA Calendar....READ MORE

Revolver
Robyn Barrett of FSW Funding discusses how asset-based lending remains an industry built on relationships.....READ MORE

Top Issues & Articles

The Future of Lending

Blockchain Moves Fast, The Laws Less so

TSL'S 40 Under 40 Issue

Preparing for Big Changes in Small Lending Market

CFA'S 72nd Annual Convention Issue

Bitcoin's Blockchain Tech Could Revolutionize Supply Chain Transparency 

Visit our Blog

  • NOV 16
    ANDREA PETRO

    CFA'S NEW PRESIDENT
  • MAR 17
    STEVE BRISTER

    WELLS FARGO
  • OCT 16
    TED KOENING

    MONROE CAPITAL
  • APR 16
    STEVE BOX

    BIBBY FINANCIAL
  • SEPT 16
    40 UNDER 40

    AWARDS ISSUE

APRIL FEATURES

Online Lenders Push to Maturity

BY MYRA THOMAS • APRIL 6, 2017 

Online lending may represent a very small portion of overall lending, but it is playing an increasing role in how small and mid-sized businesses are funded. Here we speak with some of the key players as well as a factor, asset-based lender and attorney....READ MORE



 


As Clubbed ABL Financings Gain Traction, Clubbed ABL League Tables Make Sense

BY MARIA DIKEOS • APRIL 6, 2017 

Maria C. Dikeos of Thomson Reuters LPC discusses the increase in clubbed ABL financings. Thomson Reuters LPC took stock of how asset-based lending is evolving – structurally, in the context of traditionally espoused terms and conditions; empirically, as part of a broader product offering within a lender institution; and practically, in the context of pressures on return on capital and regulatory constraints....READ MORE

 


Regulated or Nonregulated? That is the Question…

BY MICHELE OCEJO • APRIL 6, 2017 

SThe editor-in-chief of The Secured Lender held a roundtable discussion with several lenders who have worked in both regulated and nonregulated institutions to find out what makes one move to one type over another, what the key differences are and if the grass is greener on the other side. The participants include Marty Battaglia of Encina Business Credit, David Grende of Siena Lending Group, Michael Haddad of Sterling National Bank, Mark Hafner of Celtic Capital Corp., Tom Otte of White Oak Global Advisors LLC and
Richard Palmieri of ANR Partners LLC...READ MORE

 


Taking the Pulse of Private Debt

BY EILEEN WUBBE • APRIL 6, 2017 

Industry leaders discuss the current state of the private debt market, what to expect in 2017 and going forward, the outlook for restructurings and thoughts on a possible shakeout. For 2017, private debt is one of the very few places that fixed income investors can hide out. Returns range from mid-single digits for larger middle-market borrowers to high-single digits for lower-middle-market borrowers...READ MORE


 


Do Lenders Really Need Promissory Notes?

BY EHILARY P. JORDAN AND ANOTHONY C. CIANCIOTTI • APRIL 6, 2017 

SOnce indispensable, a lender’s reliance on promissory notes in
commercial loan transactions has declined significantly in recent years. An analysis of the historical benefits afforded by promissory notes and changes in law and practice explain the reasons behind the trend and illustrate that the limited benefits provided by promissory notes in today’s legal world may no longer warrant their use...READ MORE


 

 

CFA'S CAREER CENTER
New listing
Company: People's United Bank
Title: Sr. Asset Based Lending Business Development Officer 
Location: New York, NY


 
New listing
Company: People's United Bank
Title: Collateral Analyst
Location: Danvers, MA
Company: Heritage Global Valuations
Title: Director of Sales
Location: Nationwide
Company: Heritage Global Valuations
Title: M&E Appraiser 
Location: Nationwide
  

 

 

 

TSL EXPRESS

TSL INDUSTRY HEADLINES

Parsley Energy Increases Credit Facility to $1.4 Billion
Parsley Energy, Inc. (NYSE: PE) ("Parsley" or the "Company") announced that the Company amended its revolving credit agreement, thereby increasing the borrowing base by 60% to $1.4 billion, with a Company-elected commitment amount of $1.0 billion. READ MORE

Mackinac Partners Welcomes Senior Turnaround and Restructuring Executive John Bittner
Bittner, based in Dallas, joins the firm as senior managing director and will lead Mackinac Partners’ Southwest Restructuring Practice. READ MORE


John Copeland Joins BancorpSouth as Chief Financial Officer
Copeland has more than 35 years of executive management experience with regional financial institutions in all aspects of accounting, financial reporting, investor relations, asset/liability management, mergers and acquisitions, and budgeting. READ MORE


Cathay Bank Announces the Appointment of Dale Wilson as Senior Vice President and Manager, Oil and Gas Group
Wilson brings over 35 years of experience in both the oil and gas industry and energy banking, primarily with global financial institutions. READ MORE

Hope Bancorp Appoints David P. Malone Senior Executive Vice President & Chief Operating Officer of Bank of Hope
Hope Bancorp, Inc., the holding company of Bank of Hope (the Bank), announced the appointment of David P. Malone as senior executive vice president and chief operating officer of its wholly owned subsidiary Bank of Hope, effective May 15, 2017. READ MORE

The Bon-Ton Stores, Inc. Announces Closing of Extension of $730 Million ABL Tranche A Credit Facility
The Bon-Ton Stores, Inc. (NASDAQ:BONT) announced that it has successfully completed the closing of an extension of its $730 million ABL Tranche A credit facility in advance of its December 2018 maturity date.  The Tranche A revolving facility is now due to mature in April 2022. READ MORE

TowneBank Expands North Carolina Presence Through the Acquisition of Paragon Commercial Corporation and Paragon Commercial Bank
Hampton Roads based TowneBank  (NASDAQ:TOWN) and Raleigh based Paragon Commercial Corporation, the parent company of Paragon Commercial Bank (“Paragon”) (NASDAQ:PBNC), today announced the signing of a definitive merger agreement pursuant to which TowneBank will acquire Paragon creating a $9.7 billion community bank.  READ MORE

Freshfields Makes Major New York Play With Three-partner Bankruptcy Hire From US Firm
Freshfields Bruckhaus Deringer has announced the appointment of a three-partner bankruptcy team from Arnold & Porter Kaye Scholer, with the team joining the firm's New York office. READ MORE