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  • 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.
  • Wingspire Capital Announces Organizational Changes
    Jan 30, 2024

    Wingspire Capital LLC (“Wingspire”), a diversified commercial finance company, has today announced several organizational changes. John Rosin, President and Chief Operating Officer of Wingspire Capital, will retire in February. John will continue to be involved with Wingspire post-retirement as a consultant.

  • SFNet’s Mentoring Program: Continuing to Guide Growth
    Jan 30, 2024
    SFNet’s second iteration of the program nearly doubled its participants and is proving to be an invaluable resource for members. 

    The application period for our Spring 2024 Mentoring Program is January 10 through February 23, 2024. The program will run March 19 through June 4, 2024.
  • Norton Rose Fulbright Adds Restructuring Partner in New York
    Jan 29, 2024

    Global law firm Norton Rose Fulbright announced today that bankruptcy and restructuring lawyer Robert M. Hirsh has joined the firm as a partner in the New York office. Hirsh focuses his practice on debtor-in-possession financing, exit financing and distressed and special situation financing.

  • Betty Hernandez SFNet's 40 Under 40 Awards Committee Chair, Betty Hernandez: Insights into Honoring Secured Finance's Rising Stars
    Jan 24, 2024

    SFNet’s 40 Under 40 Awards will return on June 13, 2024, at The Plaza Hotel in New York City. The evening will offer great networking opportunities while honoring the secured finance industry’s rising stars. Nominations for the 2024 40U40 Awards are open until February 9, 2024. Here we speak with Betty Hernandez who shares her insight and experience as a judge.

  • Assembled Brands Welcomes Zach Martin as Managing Director, Head of Originations & Capital Markets
    Jan 23, 2024
    Assembled Brands, a leading asset-based lender for businesses across the consumer goods ecosystem, is pleased to announce the appointment of Zach Martin as its new Managing Director, Head of Originations & Capital Markets.
  • 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
  • Hilco Global Names Two Top Executives to Critical Growth Management Positions at the Financial Services Holding Company
    Jan 22, 2024
    Hilco Global, a privately held diversified financial services firm, is pleased to announce that two of the organization's most outstanding management leaders with 20+ years at the firm, Eric Kaup and Ben Nortman, are appointed to the newly created position of Co-Chief Commercial Officer. 
  • Legislative Alert: SFNet Succeeds in Halting New CA Disclosure Legislation
    Jan 18, 2024
    At a session of the California State Legislature, Senate Bill 869, which would have introduced new, additional disclosure requirements related to APR and subjected asset based lenders and factors to penalties for non-compliance, did not move out of the Senate Appropriations Committee. 
  • First Citizens Names New Managing Directors and Relationship Managers for Middle Market Banking
    Jan 17, 2024
    First Citizens Bank today announced that its Middle Market Banking group has named April Chow and Marc Einerman as managing directors and relationship managers dedicated to supporting business growth.
  • Robert Gorin_2024_150 How Today's Economic Pressures Will Affect Tomorrow's Consumer
    Jan 16, 2024
    The consumer product industry is facing rapid, unprecedented change, and today’s economic challenges are creating ripple effects that will shape American shoppers for years to come. With data mining, there’s a path forward.
  • Anand Rao Joins Mitsubishi HC Capital America Structured Finance Team as Managing Director, Private Credit
    Jan 10, 2024
    Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Anand Rao has joined the company as Managing Director, Private Credit for the Structured Finance division.
  • CharliePerer_2023 headshot_150 Muskets and Drones: The Need for Super Regional Banks
    Jan 8, 2024
    In 2023 the SVB crises brought Super Regional Banks into the national spotlight. Countless stories were run speculating on the viability of many, but few addressed the how and why many of these banks came to be. The rise, creation and further consolidation of Super Regionals is a story worth telling and one that will likely continue to play out in 2024 in a meaningful way.
  • HYPERAMS Announces New President, Chairman and Formation of New Appraisal Entity
    Jan 4, 2024
    HYPERAMS formed the new entity Hyper Valuation Services (HVS).  All appraisal services will be conducted by this entity moving forward. The entity is owned by HYPERAMS and by current HYPERAMS Senior Managing Director of Appraisal Services Jonathan Deptula. Chief Operating Officer Bob Pabst has purchased a controlling equity interest in, and become President of, HYPERAMS. 
  • Haversine Funding Welcomes Vince Mancuso as New Managing Director
    Jan 3, 2024
    Haversine Funding, a leader in the commercial lender finance sector, is proud to announce the appointment of Vince Mancuso as its new managing director. Vince brings over 25 years of rich experience in commercial finance, enhancing Haversine’s expertise and strategic capabilities.
  • Doing What We Do Best: Current Economic Environment Provides Opportunities
    Dec 21, 2023
    “Geopolitical concerns, maintaining strong credit quality, and the constant impacts of inflation and interest rates are all top issues to watch in 2024,” said ABCC Conference Chair, Barry Bobrow, who serves as managing director and head of Credit Markets for Regions Business Capital. “ABCC’s panels and networking events are designed to provide education and key insights on these topics and more. The Conference is a great opportunity to help attendees set their business strategy for the coming year. We look forward to welcoming everyone in February.”
  • 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.
  • New CA Rules Prohibiting Certain Fees by Lenders/Factors to Take Effect January 1st
    Dec 14, 2023
    SFNet is providing the following explanation of the new California regulations taking effect on January 1, 2024. Should you have specific questions please consult your legal counsel (or Michele Ocejo mocejo@sfnet.com or Rich Gumbrecht rgumbrecht@sfnet.com.
  • Steve Samson An Interview with MidCap Business Credit’s Steven Samson and Seth Cooper
    Dec 12, 2023
    Steven Samson, president, has been with MidCap for more than 10 years and is responsible for the oversight of all functions of the business. Steve has more than 30 years experience in commercial banking and asset-based lending including senior roles at People’s United Bank, GE Capital, and RBS Citizens Business Capital.

    Seth A. Cooper is senior vice president, sales manager, business development officer – Northeast, is responsible for new business development throughout the Northeast. He has spent the last 20 years building asset-based businesses for both large regional banks and independent commercial finance companies. 
  • 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.

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