TSL Feature Articles

  • TSL0324_SusanStanley-Headshot_150 Navigating the Roadblocks: Challenges and Progress in the U.S. Electric Vehicle Revolution
    May 1, 2024
    As the automotive industry moves toward electrification, lenders face an uncertain path forward. The successful transition to EVs will require substantial investment at all levels, from charging technology and coverage to dealership infrastructure. As the effect on total cost of ownership unfolds, the residual value models that underpin the entire industry will need to be redefined, impacting financing and leasing. Lenders to the mobility sector should be prepared for further disruption which will provide either opportunities or create credit challenges as companies navigate this dynamic landscape.
  • kucey Armstrong Flooring Bankruptcy: The Alchemy of Creating Value from Accounts Receivable
    Apr 25, 2024
    Finding the right combination of capital resources and strategic knowledge in the sale and restructuring of a business is complicated; but when it works, this seemingly magical process of transformation creates incremental value for all constituents involved in the bankruptcy process. Take the case of Armstrong Flooring, and three affiliated companies, that each filed petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under Chapter 11 on May 8, 2022.
  • ArinReeves_2022_150 The Ins & Outs of DEI Fatigue
    Apr 11, 2024
    Since the DEI “field” is a potpourri of research, advocacy, political ideations,
    and personal perspectives from multiple fields, it is difficult for people to know which sources of information to trust. One of the latest urgent fascinations that has captured our collective attention is “DEI Fatigue.”
  • Ally and Affinity Groups: Helping to Bring Our True Selves to Work
    Industry ally and affinity group members and leaders share their stories and discuss how their organization’s groups began and their benefits.
  • Steve Savoy - Hilco Global_150 2024 Threats to Manufacturing and Industrial Businesses – Lenders Beware
    How will reduced consumer spending and increased leverage cost stress manufacturing & industrial companies in the year ahead?
  • Perfection of Security Interests in Electronic Bills of Lading Under the UCC
    Feb 21, 2024
    In an increasingly paperless world, electronic bills of lading are garnering attention as an industry choice for cross-border commercial and shipping transactions. This article provides an overview of the legal framework prescribed by Articles 7 and 9 of the Uniform Commercial Code for a secured lender seeking to perfect its security interest in electronic bills of lading.
  • BillMayer_150 Gauging Credit Risk for 2024
    Feb 8, 2024
    The credit risk panel at SFNet’s 79th Annual Convention focused on challenges such as consumer headwinds, the higher cost of capital, looming refinancing deadlines, and the prospect of more downgrades, bankruptcies and defaults. Overall, though, panelists were optimistic about credit appetite and the ability to negotiate risk through tighter deal structures and more in-depth borrower and sector analytics.
  • Interview With Holland & Knight ABL Team Members
    Feb 5, 2024
    TSL’s editor-in-chief sat down with key members of Holland & Knight’s ABL team, including Wade M. Kennedy, partner and co-lead of the Asset-Based Lending Team; Christopher S. Dillon, partner and co-lead of the Asset-Based Lending Team; Hamid Namazie, financial
    services partner; Yoojin Lee, financial services partner; and Mark Spitzer, financial services partner. Here, they discuss H&K’s strengthening of its finance practice, how they got their start in this specialty and the threats facing lenders in 2024.
  • Myra Thomas Secured Finance Executives Predicting Modest Growth in 2024
    Jan 22, 2024
    Despite economic headwinds and higher costs of borrowing, secured lenders are expecting a profitable year ahead
  • David Morse photo The Saga of Serta: The Next Chapter—Subordination of “Non-Participating” Lenders Upheld by Bankruptcy Court
    Dec 18, 2023
    “Liability Management Transactions” continue to grab headlines. Companies in distress are turning to the out-of-court restructuring of their debt in ways that leave lenders who made loans on the basis of a senior secured position either with certain assets no longer available as collateral pursuant to a “drop down financing” or subordinate to new tranches of debt pursuant to an “uptiering transaction.” This article takes a look at the arguments being made in some of the litigation that has often followed on such uptiering transactions and in particular the June 2023 decision of the Bankruptcy Court in the Serta case.
  • Dealing with the Volatility of Commodities
    Dec 11, 2023
    Commodity producers face volatile market swings due to factors such as macroeconomics and supply chain stability, creating risks for secured lenders. Understanding each commodity’s nuances, risk-management strategies, and regulatory considerations is crucial. To navigate these challenges, secured lenders must maintain strong industry knowledge, adapt lending structures, collaborate with third parties, and balance risk and return for their clients.
  • TSL1123_BarryBobrow Interview with SFNet’s New President Barry Bobrow
    Nov 30, 2023
    Barry Bobrow is a managing director and head of credit markets for Regions Business Capital. He is a widely respected leader in middle-market leveraged finance and asset-based lending. He has spent the past 38 years working in banking, most of it as a debt capital markets professional, primarily in leveraged lending and supply chain finance. Bobrow is the creator and chairman of the Asset Based Capital Conference (ABCC), an SFNet sponsored conference focusing on the middle-market leveraged and asset-based markets, now in its 16th year. Here, Bobrow discusses his career trajectory, his outlook for the industry and his goals for SFNet in 2024. 
  • TSL1123_JamesFarrell_Headshot_150 Seeking Growth, Small-Business Owners Can Tap a Variety of Loan Options
    Nov 20, 2023
    What are the credit needs and opportunities for today’s small-business owners? This article explores results from Pathward’s new survey. 
  • lerika-le-grange-fiona-coady---headshotbc7ade4ff6794864b1b68ba3ffb2ea1a Floating Charges: the Good, the Bad and the Ugly - The Evolution of the Floating Charge
    Nov 16, 2023
    The capacity for a lender to take effective security over a changing pool of assets is of critical importance to the asset-based lending market. 
  • CharliePerer_2023 headshot_150 The Story of LaSalle Business Credit
    Nov 13, 2023
    In this feature series, Charlie Perer sits with the key entrepreneurs and executives who have built leading commercial finance companies. This feature is about LaSalle Business Credit, told by some of the key executives who played seminal roles in the 1990s. The core team at LaSalle went on to be leaders throughout the entire commercial finance industry. Here to tell the story are Mike Sharkey, Marty Battaglia, Bob Corsentino and Bruce Sprenger.
  • TSL1023_CamilleVanLiebergen_150 TLC For Your Dutch Collateral: Some Practical Considerations
    Nov 9, 2023
    When a U.S. lawyer and a Dutch lawyer talk about anti-assignment clauses, each might misconstrue what the other is talking about. This is caused by differences in law. 
  • CourtneyJeans_150 Interview with Courtney Jeans, Head of Regions Business Capital
    Nov 7, 2023
    Courtney Jeans is executive managing director and head of Regions Business Capital. Jeans joined Regions Business Capital in January 2022. With nearly 30 years of experience in the financial services industry, his career has focused on lending activities within the middle-market and large corporate sectors in both banking and specialty finance, where he has held positions in business development, portfolio management and risk management.
  • Lending on Government Receivables and Contracts
    Nov 2, 2023
    Government contractors’ performance and lending requirements can change with the slightest turn due to financial regulations, acts of nature and geopolitical occurrences. Knowing you are secure in lending to, or financing, government contractors starts here.
  • GeorgeThorson_150 Transportation Factoring in a Freight Recession
    Oct 30, 2023
    Factoring for trucking companies and brokerages has skyrocketed in the last 10 years. An estimate on factoring company purchases is $90 billion annually. There are about 250,000 active for-hire carriers with 96 percent having six trucks or less. Factoring remains a necessary and viable tool for smaller carriers who have limited access to bank lines of credit or asset-based lenders. The transportation factoring company fills this void through the built-in elasticity of its offering – helping companies expand when the transportation industry is booming and sustain business when the industry is down. 
  • CassieRosenthal_150 The State of Retail: How Did We Get Here and What’s on the Horizon?
    Oct 25, 2023
    While retail data reported at the mid-summer mark pointed to a strong labor market, steady consumer spending in certain categories and retail sales up from last year for several straight months, the data only tells one side of the story. The numbers are merely inching forward, as growth across many sectors has been sluggish, if not altogether fl at. This year has unexpectedly been a mixed bag for the retail and credit market, and with continued volatility and an overall lackluster economic forecast, businesses and lenders must be prepared for any scenario.

Click on the link below to meet some of the “difference makers” in the secured finance community. This issue of The Secured Lender celebrates those who are having a profound impact on both their communities and their organizations. 

See Profiles


Previous TSL Articles

  • SFNet’s Women in Secured Finance Conference to Focus on Expanding Influence
    May 23, 2024
    SFNet’s Women in Secured Finance Conference will be held June 12-13, 2024 at  Jay Suites Midtown East, New York, NY.  An event designed to cultivate leadership skills and connect with fellow trailblazers, the Conference is geared to both aspiring leaders and seasoned professionals who are looking to make an impact and expand their sphere of influence.
  • Savi Hussein_150 Interview with Savi Hussain, Member of SFNet’s Diversity, Equity & Inclusiveness Committee
    May 16, 2024
    Savitri Ramjohn Hussain (Savi) migrated from Guyana, South America in 1984. She is a mom of four children and has three amazing grandkids. Savi Hussain serves as the head of underwriting and senior VP at Iron Horse Credit. She comes with a wealth of industry knowledge and 25 years of experience in asset-based lending including accounts receivable finance, inventory finance, purchase order finance and supply chain finance.
  • CharliePerer_2023 headshot_150 Who’s on First? The Rise of the First-Out ABL Product
    May 13, 2024
    "Who's on First?" is a comedy routine made famous by American comedy duo Abbott and Costello.  The premise of the sketch is Abbot comically trying to identify to Costello the names of players on a baseball team that simultaneously leads to misunderstanding and frustration between the two.  Today, there are now enough ABL products to fill an infield with the latest one, First-Out ABL, being on first. The First-Out product is simply an asset-based loan within a term loan originated by a traditional cash flow lender. 
  • Nathan Pettit-NYU-150 SFNet Partners with NYU Stern to Offer "Impactful Leadership for High Potentials" Course for a Second Year
    May 9, 2024

    The Secured Finance Foundation has again joined forces with NYU Stern Executive Education to bring a multi-faceted learning experience taught by NYU Professor, Nathan Pettit coupled with real-world secured finance applications. This two-day course, held in person at NYU Stern, June 11-12, will introduce attendees to a variety of analytical frameworks while simultaneously modelling tactical approaches – all with the focus on developing leadership skills.

     

  • FTC Ban on Noncompete Agreements: What Do Employers Need to Know?
    May 7, 2024
    On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 to finalize and issue a rule banning virtually all noncompete clauses in employment contracts with extremely limited exceptions. The rule is set to go into effect 120 days after its publication in the Federal Register, which is pending. However, as explained below, it is uncertain whether this rule will go into effect due to the ongoing legal challenges surrounding the rule.
  • Eileen Wubbe 150x150 SFNet's International Lending Conference Returns to London
    May 6, 2024
    SFNet's International Lending Conference, now in its 18th year, will be held May 13-15, 2024, and will offer thought-provoking discussions led by experts who will explore the nuances of international transactions, and gain strategic intelligence on global economic trends. Issues surrounding private equity, private debt, syndications, restructurings, and technology in ABL will also be addressed.
  • Michele Ocejo A Unique Journey to Secured Finance: Interview with Jacob Shoihet and Peter Spradling of Marco Capital
    Apr 18, 2024
    Marco's co-founders discuss their backgrounds, Marco's success to date and future goals.
  • SFNet Launches IMPACT Awards to Celebrate Excellence in the Secured Finance Industry ​
    Apr 15, 2024

    SFNet is proud to unveil our new program to celebrate excellence in the secured finance industry: the SFNet IMPACT Awards. Created to honor innovation and leadership, these awards will demonstrate the crucial role that our SFNet community of members play in putting capital to work. 

     

  • AngelaFiorentino_Headshot-150 The Pursuit of Happiness: How Robyn Barrett created a woman-owned empire in the factoring space while staying true to who she is
    Apr 8, 2024
    Robyn Barrett is the SVP, managing director of Oxford Commercial Finance (“OCF”). OCF offers factoring and asset-based lending lines of credit to small to mid-sized to access the capital needed to grow. 
  • John.Trendell.2024_150 What’s Ahead in 2024 for Secured Financing & Working Capital
    Mar 27, 2024
    The landscape of corporate lending in the United States is dynamic, characterized by a diverse array of borrowers spanning various industries and a multitude of loan products and lenders vying for business. In recent years, economic fluctuations and shifting market dynamics have significantly influenced lending trends, impacting both borrowers and lenders alike. As we look ahead to 2024, it is essential to analyze current trends and anticipate future developments in the corporate lending landscape.