Otterbourg P.C. announced today that Jennifer Feeney and Pauline McTernan have been promoted to Members of the firm. A member of Otterbourg’s Bankruptcy Department, Ms. Feeney represents debtors, creditors’ committees, post-confirmation committees and litigation/liquidation trusts in large and complex bankruptcy cases. 

Ms. Feeney is a member of the American Bankruptcy Institute and the New York Bar Association. She received her B.A. from Cornell University in 1994 and her J.D. from Fordham Law School in 1997.

A member of Otterbourg’s Litigation Group and co-chair of the firm’s Recruiting Committee, Ms. McTernan represents corporations, governmental agencies, financial institutions, and individuals in a wide range of litigation, arbitration, and bankruptcy matters.

U.S. Bank has hired two bankers with deep asset-based lending experience for its growing asset-based finance business. The hires are part of a strategy for the broader U.S. Bank Commercial Banking team to continue its expansion in Texas and across the country to better serve middle market clients.

Daniel Stampfel has joined the U.S. Bank Asset Based Finance division as a senior vice president. Based in Dallas, Stampfel will lead efforts to provide asset-based credit solutions for businesses across Texas. Mitch Rubin has also joined the U.S. Bank Asset Bank Finance division as a senior vice president. Based in New York City, Rubin will lead our efforts to provide asset-based credit solutions for businesses across the Northeast. 

Wingspire Capital LLC (“Wingspire”) achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021.

Wingspire’s 2021 transactions ranged in size from $40 million to $200 million and included tailored “one-stop” financing solutions such as revolving lines of credit, cash flow loans, fixed asset term loans and other hybrid financing solutions.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced that Peter Rosenthal and Ken Kleiner have been named Co-Presidents.

Since 2007, Kleiner has served as Chief Marketing Officer and Rosenthal as President. The two joined the firm in 1998. As Co-Presidents, Rosenthal and Kleiner will guide the organization together and collaborate to continue to grow the firm’s reach and capabilities.

Of particular interest to SFNet Factoring Community

On August 30, 2021, SFNet reported that it had filed papers with New York’s highest state appellate court seeking to appear as amicus curiae and to file a brief supporting a secured lender’s request for review of a problematic set of rulings that threaten to impose unique and unfounded burdens with respect to loans secured by a borrower’s accounts.

On January 11, 2022, the Court granted SFNet’s motion to appear as amicus curiae and accepted SFNet’s brief into the record in the case in connection with granting the lender’s motion for leave to appeal. 

SFNet’s Asset-Based Capital Conference (ABCC) is returning to Las Vegas, February 8 - 9, 2022 at the Encore at the Wynn in Las Vegas, NV, and will offer outstanding networking opportunities and insightful panels geared specifically for asset-based lenders in the capital markets. This conference brings together the decision makers who get deals done. A virtual attendance option supported by our online platform, SFNet Connect, will also be offered. ABCC will coincide with TMA's Distressed Investing Conference, allowing the ever-popular Joint SFNet/TMA Reception to be held again this year.

“We recognize the importance of fulfilling our purpose of bringing together the resources that put capital to work – especially in this environment,” said Richard Gumbrecht, CEO, SFNet. “We are encouraged by the positive response to holding the meeting in the safest way we can, including live streaming and outdoor networking under heat lamps. We are seeing a significant and growing number of in person registrants who are committed to a productive experience, including over 600 participants expected for the joint reception with TMA alone.”

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending and purchase order financing firm in the U.S., today announced the completion of two recent financing commitments, a $3.5 million purchase order finance commitment to support the production financing requirements of a New York-based home furnishings importer and distributor as well as a separate $500,000 work in process production commitment for a government contractor specializing in personal protection wear.  

A list of the most viewed stories from 2021 published in TSL Express.