Articles

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, 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.

“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.”

“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.

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.

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. 

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.

This past Fall, MUFG announced leadership changes within its Asset-Based Finance team designed to align the team to better support its overall ABF growth strategy in the Americas. Leadership team members are based in three key markets – New York, Boston, and Los Angeles. John Eissele, who has been with the bank for 11 years, was appointed as MUFG’s new head of ABF. Here, Eissele discusses his goals, strategic priorities, challenges and opportunities.

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. 

Accord Financial Corp., one of the U.S. and Canada’s leading independent commercial finance companies ("Accord") (TSX: ACD) announced the hiring of Ryan Ray, an experienced asset-based lending (ABL) and equipment professional to the Accord Financial team. 

What are the credit needs and opportunities for today’s small-business owners? This article explores results from Pathward’s new survey. 

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. 

Truist Financial Corporation (NYSE: TFC) today announced continued progress in the company's transformation journey with the creation of a chief operating officer position, the naming of a new chief consumer & small business banking officer and the hiring of a new chief wholesale banking officer.

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. 

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today it has hired Robert Danziger, a 30-year corporate finance veteran, as Managing Director, First Senior Vice President, and Head of the Bank’s Syndicated Finance business. 

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.

Paragon 28, Inc. (NYSE: FNA) (“Paragon 28” or "Company”), a leading medical device company exclusively focused on the foot and ankle orthopedic market, today announced that it has received a new $150 million credit facility from Ares Capital Corporation (“the Facility”) to replace its existing $90 million senior credit facility. 

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.