The Secured Lender back issues from March 2007:
New survey forecasts distressed debt market outlook for 2007
Mar 01, 2007; ... Debtwire, a provider of market intelligence on distressed and high-yield credits, in conjunction with Bingham McCutchen and Chanin Capital Partners, have announced findings on the outlook for the North American distressed debt market in 2007. This landmark survey provides unique expectations and ...
U.S. Manufacturers Expect Slower Economic Growth in First Half of 2007
Mar 01, 2007; ... The overall U.S. economy is expected to experience some moderation in the first half of 2007, and manufacturing production will likely play its part in a slowdown, according to the Manufacturers Alliance/MAPI Survey on the Business Outlook (ER-623e). The December 2006 composite index of 54 is ...
Automotive Industry Executives Predict More Restructuring Over Next Five Years
Mar 01, 2007; ... Facing overcapacity issues and a consequent murky profit outlook, automotive executives worldwide expect an industry shakeout with some companies choosing bankruptcy and others seeking to merge or form alliances over the next five years, according to an annual global automotive survey by KPMG ...
Environmental Professionals Answer Lenders' Top Site Assessment Questions
Mar 01, 2007; ... The environmental industry is in the throes of change. A new federal rule became effective November 1, 2006, and it is altering the scope of environmental due diligence conducted prior to property transactions. Today, compliance with EPA's new All Appropriate Inquiry rule is required to secure ...
INDUSTRY SPECIALIZATION: LESSONS FROM THE EQUIPMENT LEASING INDUSTRY
Mar 01, 2007; ... In a highly competitive market, asset-based lenders that differentiate by industry can benefit from seeing deals at an earlier stage, and can win more of these deals. Industry specialization is already a proven basis for successful differentiation in the equipment leasing industry. In a ...
Increasing Operating Efficiencies
Mar 01, 2007; ... The premise of this company-wide initiative is simple: help customers grow by helping them solve their most difficult business issues. When Asheville Radiology in Asheville, NC, added a fourth vascular surgeon and a second ultrasound machine, it triggered an incredible growth spurt. But ...
AT YOUR OWN RISK: LENDING TO THE STAFFING INDUSTRY
Mar 01, 2007; ... Surveys that list loggers, fishermen and roofers as some of the riskiest jobs in America have somehow neglected to include lenders to the staffing industry. Although that may be a bit of an exaggeration, it does seem that lenders to the staffing industry have to readily adapt to an ever-changing ...
Pledges of foreign subsidiary stock, or WHEN do I need foreign counsel?
Mar 01, 2007; ... Middle-market and larger corporate borrowers increasingly find themselves with off-shore manufacturing, assembly or distribution subsidiaries and wishing to obtain credit based on their global cash flows, including those arising from such foreign subsidiaries. From a U.S. lender's perspective, ...
Asset-Based Lending Confirms Maturity With Megaloan to Ford Motor Co.
Mar 01, 2007; ... Asset-based lending has come a long way from its modest beginnings. After 100 years as lender of last resort for small loans for small troubled companies, on December 15, 2006 a huge asset-based loan was put together for one of the country's giant troubled companies: the Ford Motor ...
Asset-Based Lending and Private Equity: A Borrower's Perspective
Mar 01, 2007; ... To structure, price and diligence a loan competiively, lenders must understand the business jurpose for not only the loan itself, but the loan's integration into the borrower's (or its ultimate parent's) business plan. Lenders are familiar with the various rationales for strategic acquisitions ...
Addressing and Mitigating The Risks of Fraud
Mar 01, 2007; ... The July survey by the Federal Reserve Board of Senior Loan Officers represented the 11th straight quarter in which respondents indicated that standards and terms on C&I loans had been eased. The most commonly cited reasons was competition from other banks and secondary market liquidity ....
"Life is Good"
Mar 01, 2007; ... Past CFA Chairman Says Industry and CFA Have Had a Positive Influence On His Life This Keynote Address was delivered on October 24, 2006 in Washington, D. C. during CFA's Convention. Life is good. That's a statement I feel very, very strongly about, not only as it relates to my ...
Summary of Significant Developments Affecting Asset-Based Lending: Part Two
Mar 01, 2007; ... The following is the second part of a two-part series covering the judicial developments reported on by CFA's Co-General Counsel, Jonathan N. Helfat and Richard M. Kohn, in The Secured Lender during 2006. Part 1 appeared in the previous issue of The Secured Lender. The authors wish to thank ...
Hey, Dad
Mar 01, 2007; ... Dad explains how private equity funds make all those millions and warns of possible problems ahead. Son is skeptical. Hey, Dad, what the heck is a private equity fund? I keep reading about these guys buying up multibillion dollar companies. Where do they get all that money and what do ...
E-commerce News
Mar 01, 2007; ... Identity theft continues to grow Almost 100 million notifications have gone out to individuals in the United States informing them that their personal information has been lost or stolen by companies. These records have been disclosed to date and reported upon pursuant to state ...
CFA Education
Mar 01, 2007; ... New program covering ABL and Factoring Basics A new course titled "ABL and Factoring Basics for Business Development Officers" will be offered for the first time April 12-13 in Chicago. While specifically designed for entry-level business development officers in entrepreneurial finance ...
Leadership Institute
Mar 01, 2007; ... The 2007 CFA Leadership Institute will meet May 9-11 in the New York area. The Institute covers a broad range of critical competencies required for successful management in all sizes and types of lending organizations including: change management, coaching, influencing, listening, performance ...
Technology Update
Mar 01, 2007; ... Windows Vista, Microsoft's lew operating system, has met with mixed response from the technology mavens in the asset-based lending industry. The program, the first major update in five years, has been available to any business user prepared to buy at least five copies of the program ...
CFA Chapter Roundtable
Mar 01, 2007; ... "What makes your Chapter noteworthy?" Melody Vollman Mid South Chapter president Presidential Financial Corporation Memphis, TN It is an honor to begin my second and final term as president of the noteworthy (or should I say notorious!) Mid South Chapter ....
CFA Forum
Mar 01, 2007; ... Tell us about one client or customer whom you feel you helped to make a real difference in their ability to succeed. Charles H. Batson, president & CEO, First Business Capital Corp., Madison, WI We recently refinanced an Ohiobased 100-year-old, family-owned food service ...
Among CFA Members
Mar 01, 2007; ... Amerisource Funding, Inc.: Tanya Boczek has joined the firm as a regional marketing manager, based in Cleveland, OH. She may be reached at (440) 365-2006 or tboczek@amerisourcerunding.com. Bibby Financial Services: Noemi Anton was promoted to chief executive officer of its Florida-based ...
CFA Committee Chairpersons for 2007
Mar 01, 2007; ... Audit Committee Michael Maiorino has been the executive vice president and managing director of specialty lending products at Sovereign Bank for the past 4½ years, growing the asset-based lending business from $0 to $2 billion in that time frame. Prior to joining Sovereign, he ...
CFA Chapter News
Mar 01, 2007; ... Atlanta ESPN college football analyst, Lee Corso, spoke to the Chapter at the JW Marriott in Buckhead on February 22. Mr. Corso is regarded as one of college football's most knowledgeable, opinionated and entertaining analysts. With almost 60 years of experience in football, he brought ...
Spotlight on CFA Members
Mar 01, 2007; ... In an effort to get to know CFA members better, THE SECURED LENDER interviewed J. Brian O'Cornell, vice president of appraisals at National City Bank, Cleveland, OH and a stand-up comedian. If you or anyone you know has an interesting hobby, please contact Eileen Wubbe at 212-594-3490 or ...
Industry Deals
Mar 01, 2007; ... Allied Capital committed $210.5 million to support the management-led buyout of EarthColor, a commercial printer. American Capital Strategies provided financing of up to $50 million to support the growth of First Capital. Bank of America provided a five-year, secured $42 million ...
CFA Calendar
Mar 01, 2007; ... March 11-17, 2007 CFA Mid-Year Meeting, Westin Rio Mar Beach Resort, Puerto Rico March 15, 2007 Carolinas Chapter - Casual Networking Event, Charlotte, NC April 4, 2007 California Chapter (CFCC) - General Meeting, Los Angeles, CA ApriL 12, ...
Comments & QUOTES
Mar 01, 2007; ... The following comments are chosen to amuse and stimulate our readers. In keeping with the column's theme, I would like to quote John Bartlett, from his book of Familiar Quotations, "The object of this work is to show, to some extent, the obligations our language owes to various authors for ...