• Solar Capital Partners Rebrands to SLR Capital Partners
    Solar Capital Partners, LLC, a leading commercial finance platform with expertise across cash flow and specialty finance senior secured financing solutions for U.S. middle market companies, today announced that it will change its name to SLR Capital Partners ("SLR" or "the Advisor"), effective February 25, 2021. The new name, which utilizes a common brand across its affiliates and specialty finance investment teams, defines SLR's transition from its origins as a cash flow lender fifteen years ago to a multi-strategy diversified finance platform. 
  • WISF October Networking Event

    Screen shots of the various First Place Teams from the Go Game festivities held on October 27. Attendees had a great time competing in trivia and lip syncing competitions.

  • SFNet WISF Career Corner

    This is a new feature providing advice from WISF members to young professionals on a specific topic.  We need your input.  If you have a question you would like to see answered in this column, please submit to Michele Ocejo at mocejo@sfnet.com.

    Dear WISF,

    “Once you are established within a job and/or have already experienced some degree of internal growth, what additional steps would you recommend to continue career growth and development? Early in the career, there are multiple paths and opportunities an early career individual can pursue.  However, once in the mid-level, the continued growth opportunities may not be as bountiful.”

  • Alisa Rusanoff Tradetech: Part of the 4th Industrial Revolution and Why We Need to Focus on SMEs.

    The COVID-19 pandemic has had a devastating effect on the global economy and led to paralyzed supply chains, export restrictions and closed borders. This shock brought about several significant changes to a number of industries and accelerated existing trends such as automation, digitalization, supplier base diversification and supply chain operational efficiencies. Cross-border trade is at the center of everyone’s attention.

     
  • ArleneBonnet_150 What Happened to the Back Room? A Discussion on Operations Management and Career Paths in Secured Finance Operations

    What of back rooms?

    One important thing that we have learned over the recent past, through our observations of societal upheaval and current events, is that words matter.  Reflecting on the often-misleading references that are used in our lives, and industry, is an opportunity to open our minds, deepen our sensitivities, and expand our learning opportunities to what exists in our current collective reality.

    I've often heard the term, back office, used by some ABL and/or other leaders within bank organizations.  Users of this term surely do not intend to be offensive, however, it is an outdated reference that has no place in the more complex secured lending operations of today. 

  • acord noland, bobbi Interview with Bobbi Acord Noland, SFNet’s New Co-General Counsel

    Bobbi Acord Noland is a partner at Parker Hudson Rainer & Dobbs LLP in Atlanta, Georgia. As head of the Commercial Finance practice, Bobbi guides global banks, regional banks and finance companies through domestic and cross-border transactions ranging from $5 million to more than $1 billion. She has handled practically every aspect of commercial lending, from single-lender deals to syndicated facilities involving multiple lenders, borrowers, creditors and multi-tiered debt tranches. In addition, Bobbi frequently advises her clients on workouts and restructurings.

  • Rob Swanson Joins MUFG Union Bank as Northern California Market President for Commercial Banking

    MUFG Union Bank today announced that Rob Swanson has joined as Managing Director, Northern California Market President. Based in the Bay Area, Swanson reports to Bita Ardalan, Head of Commercial Banking for Union Bank.

    In his role, Swanson will lead the strategy and management of the bank's middle market activities in Northern California and the Central Valley. He will oversee a high-caliber team of professionals providing advisory services and solutions specifically tailored to the unique business objectives of corporate clients across industries, as well as spearhead the Technology and Venture Banking industry verticals within the Commercial Bank.

     

  • Barry-Bobrow-web An Interview with SFNet's 2021 Asset Based Capital Conference Chair, Barry Bobrow

    SFNet's Asset-Based Capital Conference offers you the opportunity to join your colleagues in asset-based lending, alternative asset management, private debt, private equity, distressed debt, and service providers such as attorneys and appraisers for panels and discussions on the rapidly changing economic environment and how it impacts your portfolios and business opportunities.

    On March 9-11, we will bring ABCC to you live online, with the great content and opportunities for networking that you have come to expect from the conference. We caught up with ABCC Conference Chair, Barry Bobrow, managing director and head of Loan Sales & Syndications for Wells Fargo Capital Finance who discusses what will make this year’s Conference stand out. 

  • Citizens Provides $325 Million Senior Credit Facility to Nice-Pak

    Citizens announced today that it has provided a new $325 million senior credit facility to Orangeburg, NY-based Nice-Pak, the leading global producer of wet wipes. Citizens is the Lead Left Arranger.

    Founded in 1957, the family-run company pioneered wet wipes with the founder’s invention of the first disposable wet napkin. The company’s Wet-Nap® became a foodservice staple, first at Kentucky Fried Chicken and later at establishments across the country.

  • BrianResutek_Headshot_150x150 The Pandemic’s Mental Health Toll on Employees
    COVID-19 has placed an extreme emphasis on physical well-being, but the pandemic has also caused a mental health crisis. How can managers assist their team members during this unprecedented time?
  • Encina Business Credit Provides $25 Million Revolving Credit Facility to E-Commerce Retailer

    Encina Business Credit, LLC announced today that is has provided a $25 million senior revolving credit facility to an e-commerce retailer.

    The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital financing.  In addition, the facility offers a $10 million accordion feature that allows for future growth.

  • Otterbourg Names Thomas Duignan Co-Chair of Finance Practice Group

    Otterbourg P.C. announced today that Thomas P. Duignan has been named co-chair of the firm’s Finance Department.

    Mr. Duignan represents many prominent banks, commercial finance companies and other institutional lenders in connection with a wide range of transactions. He will join co-chair David Morse in guiding a financial group at Otterbourg that is firmly established as an industry leader.

  • Charlie Perer The Voids Created in Asset-Based and Asset- Backed Lending
    Credit cycles typically bring about two correlated occurrences – consolidation and credit voids. This last cycle has been no different as several market segments experienced consolidation, which has created unique and unrelated voids in both small-ticket ABL and the asset-backed term space. New firms are emerging to fill the voids as we are about to enter a new cycle of competition and innovation.
  • garrick_tan_web_150x150 White Oak Commercial Finance Welcomes Garrick Tan as Managing Director in Boston
    White Oak Commercial Finance ("White Oak") is pleased to announce that Garrick Tan has joined the firm as a Managing Director and Business Development Officer of its expanded ABL and Lender Finance platform. This is one of three new senior BDO positions filled to join the existing five-member Originations team, which focuses on sourcing transactions with committed capital needs ranging from $15 - $250 million. He will report to Vice Chairman, Andrew McGhee.
  • CIT Closes on Asset-Based Credit Facility of Up to $145 Million
    CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors.
  • IDS Acquires William Stucky and Associates
    IDS, a leading provider of asset and equipment finance technology has completed the acquisition of William Stucky and Associates (WSA), the leading provider of ABL and factoring software. The combination of the two companies creates a powerful, cloud-based technology platform providing industry-leading secured finance solutions to our customers and financial firms globally.
  • Golub Capital BDC, Inc. Announces New $475.0 Million Senior Secured Revolving Credit Facility

    Golub Capital BDC, Inc. (the “Company”, “we”, “us” or “our”) a business development company (Nasdaq: GBDC), today announced the closing of a new senior secured syndicated revolving credit facility (the “Facility”). The Facility is led by JPMorgan Chase Bank, N.A. and includes a total of six bank participants.

    The Facility closed on February 11, 2021. Under the Facility, the lenders have agreed to extend credit to us in an initial aggregate amount of up to $475.0 million in U.S. dollars and certain agreed upon foreign currencies with an option to request, at one or more times, that existing and/or new lenders, at their election, provide up to $237.5 million of additional commitments.

  • Screen Shot 2021-02-12 at 9.45.29 AM SFNet Diversity, Equity and Inclusiveness Committee

    Interview with Betty Hernandez, chair of SFNet’s Diversity, Equity and Inclusiveness Committee.

  • Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
    Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington's Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington's merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.

    Mike Jones, President & COO of TCF Bank, also will join Huntington's Executive Leadership Team as Senior Executive Vice President. Jones will be Huntington's senior executive and community leader in Minnesota and Colorado as Chair for Minnesota and Colorado. He will be responsible for the strategic growth and expansion of Huntington in these critical markets, as well as for deepening Huntington's commitment to invest in local communities. 
  • UlosAnderson, Gordon Brothers Part II: Supply Chain Congestion Critical as Shipping from Asia Compounds Issues
    As the ongoing COVID-19 pandemic continues to disrupt global trade, port congestion has reached critical levels. With little to no excess shipping capacity and high demand, Gordon Brothers expects supply chain congestion through at least the first half of 2021.

    A previous article in this two-part series reviewed current supply chain stresses, the manufacturing and shipping irregularities causing stress and the pandemic’s continued ramifications for U.S. consumers.

    In this follow-up article, Gordon Brothers’ inventory and valuation expert Ulos Anderson takes a closer look at this tight capacity and how sharp increases in shipping costs are compounding current issues. Additionally, he reviews the effects trade with China and demand for consumer products, which have soared amid pandemic lockdowns, have on supply and demand across industries and asset types for those in the banking, lending and restructuring industries.
  • Solar Capital Partners Rebrands to SLR Capital Partners
    Solar Capital Partners, LLC, a leading commercial finance platform with expertise across cash flow and specialty finance senior secured financing solutions for U.S. middle market companies, today announced that it will change its name to SLR Capital Partners ("SLR" or "the Advisor"), effective February 25, 2021. The new name, which utilizes a common brand across its affiliates and specialty finance investment teams, defines SLR's transition from its origins as a cash flow lender fifteen years ago to a multi-strategy diversified finance platform. 
  • WISF October Networking Event

    Screen shots of the various First Place Teams from the Go Game festivities held on October 27. Attendees had a great time competing in trivia and lip syncing competitions.

  • SFNet WISF Career Corner

    This is a new feature providing advice from WISF members to young professionals on a specific topic.  We need your input.  If you have a question you would like to see answered in this column, please submit to Michele Ocejo at mocejo@sfnet.com.

    Dear WISF,

    “Once you are established within a job and/or have already experienced some degree of internal growth, what additional steps would you recommend to continue career growth and development? Early in the career, there are multiple paths and opportunities an early career individual can pursue.  However, once in the mid-level, the continued growth opportunities may not be as bountiful.”

  • Alisa Rusanoff Tradetech: Part of the 4th Industrial Revolution and Why We Need to Focus on SMEs.

    The COVID-19 pandemic has had a devastating effect on the global economy and led to paralyzed supply chains, export restrictions and closed borders. This shock brought about several significant changes to a number of industries and accelerated existing trends such as automation, digitalization, supplier base diversification and supply chain operational efficiencies. Cross-border trade is at the center of everyone’s attention.

     
  • ArleneBonnet_150 What Happened to the Back Room? A Discussion on Operations Management and Career Paths in Secured Finance Operations

    What of back rooms?

    One important thing that we have learned over the recent past, through our observations of societal upheaval and current events, is that words matter.  Reflecting on the often-misleading references that are used in our lives, and industry, is an opportunity to open our minds, deepen our sensitivities, and expand our learning opportunities to what exists in our current collective reality.

    I've often heard the term, back office, used by some ABL and/or other leaders within bank organizations.  Users of this term surely do not intend to be offensive, however, it is an outdated reference that has no place in the more complex secured lending operations of today. 

  • acord noland, bobbi Interview with Bobbi Acord Noland, SFNet’s New Co-General Counsel

    Bobbi Acord Noland is a partner at Parker Hudson Rainer & Dobbs LLP in Atlanta, Georgia. As head of the Commercial Finance practice, Bobbi guides global banks, regional banks and finance companies through domestic and cross-border transactions ranging from $5 million to more than $1 billion. She has handled practically every aspect of commercial lending, from single-lender deals to syndicated facilities involving multiple lenders, borrowers, creditors and multi-tiered debt tranches. In addition, Bobbi frequently advises her clients on workouts and restructurings.

  • Rob Swanson Joins MUFG Union Bank as Northern California Market President for Commercial Banking

    MUFG Union Bank today announced that Rob Swanson has joined as Managing Director, Northern California Market President. Based in the Bay Area, Swanson reports to Bita Ardalan, Head of Commercial Banking for Union Bank.

    In his role, Swanson will lead the strategy and management of the bank's middle market activities in Northern California and the Central Valley. He will oversee a high-caliber team of professionals providing advisory services and solutions specifically tailored to the unique business objectives of corporate clients across industries, as well as spearhead the Technology and Venture Banking industry verticals within the Commercial Bank.

     

  • Barry-Bobrow-web An Interview with SFNet's 2021 Asset Based Capital Conference Chair, Barry Bobrow

    SFNet's Asset-Based Capital Conference offers you the opportunity to join your colleagues in asset-based lending, alternative asset management, private debt, private equity, distressed debt, and service providers such as attorneys and appraisers for panels and discussions on the rapidly changing economic environment and how it impacts your portfolios and business opportunities.

    On March 9-11, we will bring ABCC to you live online, with the great content and opportunities for networking that you have come to expect from the conference. We caught up with ABCC Conference Chair, Barry Bobrow, managing director and head of Loan Sales & Syndications for Wells Fargo Capital Finance who discusses what will make this year’s Conference stand out. 

  • Citizens Provides $325 Million Senior Credit Facility to Nice-Pak

    Citizens announced today that it has provided a new $325 million senior credit facility to Orangeburg, NY-based Nice-Pak, the leading global producer of wet wipes. Citizens is the Lead Left Arranger.

    Founded in 1957, the family-run company pioneered wet wipes with the founder’s invention of the first disposable wet napkin. The company’s Wet-Nap® became a foodservice staple, first at Kentucky Fried Chicken and later at establishments across the country.

  • BrianResutek_Headshot_150x150 The Pandemic’s Mental Health Toll on Employees
    COVID-19 has placed an extreme emphasis on physical well-being, but the pandemic has also caused a mental health crisis. How can managers assist their team members during this unprecedented time?
  • Encina Business Credit Provides $25 Million Revolving Credit Facility to E-Commerce Retailer

    Encina Business Credit, LLC announced today that is has provided a $25 million senior revolving credit facility to an e-commerce retailer.

    The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital financing.  In addition, the facility offers a $10 million accordion feature that allows for future growth.

  • Otterbourg Names Thomas Duignan Co-Chair of Finance Practice Group

    Otterbourg P.C. announced today that Thomas P. Duignan has been named co-chair of the firm’s Finance Department.

    Mr. Duignan represents many prominent banks, commercial finance companies and other institutional lenders in connection with a wide range of transactions. He will join co-chair David Morse in guiding a financial group at Otterbourg that is firmly established as an industry leader.

  • Charlie Perer The Voids Created in Asset-Based and Asset- Backed Lending
    Credit cycles typically bring about two correlated occurrences – consolidation and credit voids. This last cycle has been no different as several market segments experienced consolidation, which has created unique and unrelated voids in both small-ticket ABL and the asset-backed term space. New firms are emerging to fill the voids as we are about to enter a new cycle of competition and innovation.
  • garrick_tan_web_150x150 White Oak Commercial Finance Welcomes Garrick Tan as Managing Director in Boston
    White Oak Commercial Finance ("White Oak") is pleased to announce that Garrick Tan has joined the firm as a Managing Director and Business Development Officer of its expanded ABL and Lender Finance platform. This is one of three new senior BDO positions filled to join the existing five-member Originations team, which focuses on sourcing transactions with committed capital needs ranging from $15 - $250 million. He will report to Vice Chairman, Andrew McGhee.
  • CIT Closes on Asset-Based Credit Facility of Up to $145 Million
    CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors.
  • IDS Acquires William Stucky and Associates
    IDS, a leading provider of asset and equipment finance technology has completed the acquisition of William Stucky and Associates (WSA), the leading provider of ABL and factoring software. The combination of the two companies creates a powerful, cloud-based technology platform providing industry-leading secured finance solutions to our customers and financial firms globally.
  • Golub Capital BDC, Inc. Announces New $475.0 Million Senior Secured Revolving Credit Facility

    Golub Capital BDC, Inc. (the “Company”, “we”, “us” or “our”) a business development company (Nasdaq: GBDC), today announced the closing of a new senior secured syndicated revolving credit facility (the “Facility”). The Facility is led by JPMorgan Chase Bank, N.A. and includes a total of six bank participants.

    The Facility closed on February 11, 2021. Under the Facility, the lenders have agreed to extend credit to us in an initial aggregate amount of up to $475.0 million in U.S. dollars and certain agreed upon foreign currencies with an option to request, at one or more times, that existing and/or new lenders, at their election, provide up to $237.5 million of additional commitments.

  • Screen Shot 2021-02-12 at 9.45.29 AM SFNet Diversity, Equity and Inclusiveness Committee

    Interview with Betty Hernandez, chair of SFNet’s Diversity, Equity and Inclusiveness Committee.

  • Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
    Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington's Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington's merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.

    Mike Jones, President & COO of TCF Bank, also will join Huntington's Executive Leadership Team as Senior Executive Vice President. Jones will be Huntington's senior executive and community leader in Minnesota and Colorado as Chair for Minnesota and Colorado. He will be responsible for the strategic growth and expansion of Huntington in these critical markets, as well as for deepening Huntington's commitment to invest in local communities. 
  • UlosAnderson, Gordon Brothers Part II: Supply Chain Congestion Critical as Shipping from Asia Compounds Issues
    As the ongoing COVID-19 pandemic continues to disrupt global trade, port congestion has reached critical levels. With little to no excess shipping capacity and high demand, Gordon Brothers expects supply chain congestion through at least the first half of 2021.

    A previous article in this two-part series reviewed current supply chain stresses, the manufacturing and shipping irregularities causing stress and the pandemic’s continued ramifications for U.S. consumers.

    In this follow-up article, Gordon Brothers’ inventory and valuation expert Ulos Anderson takes a closer look at this tight capacity and how sharp increases in shipping costs are compounding current issues. Additionally, he reviews the effects trade with China and demand for consumer products, which have soared amid pandemic lockdowns, have on supply and demand across industries and asset types for those in the banking, lending and restructuring industries.
WEB-0874_ABL-300x250 banner
 
  • Solar Capital Partners Rebrands to SLR Capital Partners
    Solar Capital Partners, LLC, a leading commercial finance platform with expertise across cash flow and specialty finance senior secured financing solutions for U.S. middle market companies, today announced that it will change its name to SLR Capital Partners ("SLR" or "the Advisor"), effective February 25, 2021. The new name, which utilizes a common brand across its affiliates and specialty finance investment teams, defines SLR's transition from its origins as a cash flow lender fifteen years ago to a multi-strategy diversified finance platform. 
  • WISF October Networking Event

    Screen shots of the various First Place Teams from the Go Game festivities held on October 27. Attendees had a great time competing in trivia and lip syncing competitions.

  • SFNet WISF Career Corner

    This is a new feature providing advice from WISF members to young professionals on a specific topic.  We need your input.  If you have a question you would like to see answered in this column, please submit to Michele Ocejo at mocejo@sfnet.com.

    Dear WISF,

    “Once you are established within a job and/or have already experienced some degree of internal growth, what additional steps would you recommend to continue career growth and development? Early in the career, there are multiple paths and opportunities an early career individual can pursue.  However, once in the mid-level, the continued growth opportunities may not be as bountiful.”

  • Alisa Rusanoff Tradetech: Part of the 4th Industrial Revolution and Why We Need to Focus on SMEs.

    The COVID-19 pandemic has had a devastating effect on the global economy and led to paralyzed supply chains, export restrictions and closed borders. This shock brought about several significant changes to a number of industries and accelerated existing trends such as automation, digitalization, supplier base diversification and supply chain operational efficiencies. Cross-border trade is at the center of everyone’s attention.

     
  • ArleneBonnet_150 What Happened to the Back Room? A Discussion on Operations Management and Career Paths in Secured Finance Operations

    What of back rooms?

    One important thing that we have learned over the recent past, through our observations of societal upheaval and current events, is that words matter.  Reflecting on the often-misleading references that are used in our lives, and industry, is an opportunity to open our minds, deepen our sensitivities, and expand our learning opportunities to what exists in our current collective reality.

    I've often heard the term, back office, used by some ABL and/or other leaders within bank organizations.  Users of this term surely do not intend to be offensive, however, it is an outdated reference that has no place in the more complex secured lending operations of today. 

  • acord noland, bobbi Interview with Bobbi Acord Noland, SFNet’s New Co-General Counsel

    Bobbi Acord Noland is a partner at Parker Hudson Rainer & Dobbs LLP in Atlanta, Georgia. As head of the Commercial Finance practice, Bobbi guides global banks, regional banks and finance companies through domestic and cross-border transactions ranging from $5 million to more than $1 billion. She has handled practically every aspect of commercial lending, from single-lender deals to syndicated facilities involving multiple lenders, borrowers, creditors and multi-tiered debt tranches. In addition, Bobbi frequently advises her clients on workouts and restructurings.

  • Rob Swanson Joins MUFG Union Bank as Northern California Market President for Commercial Banking

    MUFG Union Bank today announced that Rob Swanson has joined as Managing Director, Northern California Market President. Based in the Bay Area, Swanson reports to Bita Ardalan, Head of Commercial Banking for Union Bank.

    In his role, Swanson will lead the strategy and management of the bank's middle market activities in Northern California and the Central Valley. He will oversee a high-caliber team of professionals providing advisory services and solutions specifically tailored to the unique business objectives of corporate clients across industries, as well as spearhead the Technology and Venture Banking industry verticals within the Commercial Bank.

     

  • Barry-Bobrow-web An Interview with SFNet's 2021 Asset Based Capital Conference Chair, Barry Bobrow

    SFNet's Asset-Based Capital Conference offers you the opportunity to join your colleagues in asset-based lending, alternative asset management, private debt, private equity, distressed debt, and service providers such as attorneys and appraisers for panels and discussions on the rapidly changing economic environment and how it impacts your portfolios and business opportunities.

    On March 9-11, we will bring ABCC to you live online, with the great content and opportunities for networking that you have come to expect from the conference. We caught up with ABCC Conference Chair, Barry Bobrow, managing director and head of Loan Sales & Syndications for Wells Fargo Capital Finance who discusses what will make this year’s Conference stand out. 

  • Citizens Provides $325 Million Senior Credit Facility to Nice-Pak

    Citizens announced today that it has provided a new $325 million senior credit facility to Orangeburg, NY-based Nice-Pak, the leading global producer of wet wipes. Citizens is the Lead Left Arranger.

    Founded in 1957, the family-run company pioneered wet wipes with the founder’s invention of the first disposable wet napkin. The company’s Wet-Nap® became a foodservice staple, first at Kentucky Fried Chicken and later at establishments across the country.

  • BrianResutek_Headshot_150x150 The Pandemic’s Mental Health Toll on Employees
    COVID-19 has placed an extreme emphasis on physical well-being, but the pandemic has also caused a mental health crisis. How can managers assist their team members during this unprecedented time?
  • Encina Business Credit Provides $25 Million Revolving Credit Facility to E-Commerce Retailer

    Encina Business Credit, LLC announced today that is has provided a $25 million senior revolving credit facility to an e-commerce retailer.

    The senior secured revolving line of credit, which is collateralized by accounts receivable, and inventory, was used to provide working capital financing.  In addition, the facility offers a $10 million accordion feature that allows for future growth.

  • Otterbourg Names Thomas Duignan Co-Chair of Finance Practice Group

    Otterbourg P.C. announced today that Thomas P. Duignan has been named co-chair of the firm’s Finance Department.

    Mr. Duignan represents many prominent banks, commercial finance companies and other institutional lenders in connection with a wide range of transactions. He will join co-chair David Morse in guiding a financial group at Otterbourg that is firmly established as an industry leader.

  • Charlie Perer The Voids Created in Asset-Based and Asset- Backed Lending
    Credit cycles typically bring about two correlated occurrences – consolidation and credit voids. This last cycle has been no different as several market segments experienced consolidation, which has created unique and unrelated voids in both small-ticket ABL and the asset-backed term space. New firms are emerging to fill the voids as we are about to enter a new cycle of competition and innovation.
  • garrick_tan_web_150x150 White Oak Commercial Finance Welcomes Garrick Tan as Managing Director in Boston
    White Oak Commercial Finance ("White Oak") is pleased to announce that Garrick Tan has joined the firm as a Managing Director and Business Development Officer of its expanded ABL and Lender Finance platform. This is one of three new senior BDO positions filled to join the existing five-member Originations team, which focuses on sourcing transactions with committed capital needs ranging from $15 - $250 million. He will report to Vice Chairman, Andrew McGhee.
  • CIT Closes on Asset-Based Credit Facility of Up to $145 Million
    CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors.
  • IDS Acquires William Stucky and Associates
    IDS, a leading provider of asset and equipment finance technology has completed the acquisition of William Stucky and Associates (WSA), the leading provider of ABL and factoring software. The combination of the two companies creates a powerful, cloud-based technology platform providing industry-leading secured finance solutions to our customers and financial firms globally.
  • Golub Capital BDC, Inc. Announces New $475.0 Million Senior Secured Revolving Credit Facility

    Golub Capital BDC, Inc. (the “Company”, “we”, “us” or “our”) a business development company (Nasdaq: GBDC), today announced the closing of a new senior secured syndicated revolving credit facility (the “Facility”). The Facility is led by JPMorgan Chase Bank, N.A. and includes a total of six bank participants.

    The Facility closed on February 11, 2021. Under the Facility, the lenders have agreed to extend credit to us in an initial aggregate amount of up to $475.0 million in U.S. dollars and certain agreed upon foreign currencies with an option to request, at one or more times, that existing and/or new lenders, at their election, provide up to $237.5 million of additional commitments.

  • Screen Shot 2021-02-12 at 9.45.29 AM SFNet Diversity, Equity and Inclusiveness Committee

    Interview with Betty Hernandez, chair of SFNet’s Diversity, Equity and Inclusiveness Committee.

  • Huntington Bancshares Incorporated Announces Additions To The Executive Leadership Team Structure For Combined Company Following TCF Merger
    Huntington Bancshares Incorporated (Nasdaq: HBAN; www.huntington.com) today announced that Tom Shafer, CEO of TCF National Bank, will join Huntington's Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington's merger with TCF, which is expected to occur late in the second quarter, subject to the satisfaction of customary closing conditions.

    Mike Jones, President & COO of TCF Bank, also will join Huntington's Executive Leadership Team as Senior Executive Vice President. Jones will be Huntington's senior executive and community leader in Minnesota and Colorado as Chair for Minnesota and Colorado. He will be responsible for the strategic growth and expansion of Huntington in these critical markets, as well as for deepening Huntington's commitment to invest in local communities. 
  • UlosAnderson, Gordon Brothers Part II: Supply Chain Congestion Critical as Shipping from Asia Compounds Issues
    As the ongoing COVID-19 pandemic continues to disrupt global trade, port congestion has reached critical levels. With little to no excess shipping capacity and high demand, Gordon Brothers expects supply chain congestion through at least the first half of 2021.

    A previous article in this two-part series reviewed current supply chain stresses, the manufacturing and shipping irregularities causing stress and the pandemic’s continued ramifications for U.S. consumers.

    In this follow-up article, Gordon Brothers’ inventory and valuation expert Ulos Anderson takes a closer look at this tight capacity and how sharp increases in shipping costs are compounding current issues. Additionally, he reviews the effects trade with China and demand for consumer products, which have soared amid pandemic lockdowns, have on supply and demand across industries and asset types for those in the banking, lending and restructuring industries.