TITLE

I-Banks Step Up Asset-Based Lending

AUTHOR(S)
Kantin, Keny
PUB. DATE
April 2006
SOURCE
Investment Dealers' Digest;4/10/2006, Vol. 72 Issue 14, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the attention gained by asset-based lending (ABL) market from large companies, which is used to be reserved mainly for smaller companies with cyclical cash flows. Multibillion-dollar corporations and financial sponsors looking for cheaper forms of financing with less restrictive covenants are attracted to the ABL market, due to its bigger deals and alternative investor interest.
ACCESSION #
20463877

 

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