Monster ABL-The Advent of Billion Dollar Deals
- Topics:
- Commercial Lending,
- Debt,
- Working Capital
- Tags:
- Asset,
- Asset Based Loan,
- Asset Management,
- Bank Of America Corp.,
- Business Operations,
- Finance,
- Investment,
- Monster,
- Operational Planning
- Source:
- Bank of America
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Overview: Asset-based credit facilities in excess of one billion dollars are a relatively new phenomenon. As little as two years ago, an asset-based loan of that magnitude was almost unheard of. In part, the rise in the size of asset-based loans can be attributed to a weak economy and the loss of investment grade ratings for many companies. However, the advent of billion dollar deals is also part of the evolution of the asset-based lending industry.
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Format: HTML | Date: Jul 2003 | Pages: 4





