Alliances
ABL/Factor Alliances to Eliminate Subordinate Debt and Put Lenders in First Position
Over-leveraged companies in need of factoring/ABL facilities won’t qualify for terms when assets or receivables are encumbered by a host of secured and subordinate debt.
An Alliance with Second Wind will reorganize your target entity, removing all subordinate liens and obligations while putting you in first position to lend.
Over the past ten years, Second Wind has conducted thousands of reorganizations in the distressed space. Through a single, frictionless transaction, we preserve the full ongoing concern value and continuity of operations of a distressed business while eliminating all subordinate debt. For the ABL or factoring professional, we deliver back a pristine, debt-free enterprise in 45 to 60 days.
For alternative lending professionals, Second Wind turns untransactable deals into great situations. Ask us how.
Alternative lenders face distinct challenges in distressed business investment. CEO, Adam Duso, discusses how to eliminate subordinate debt to assume 1st position.
Alternative lenders face distinct challenges in distressed business investment. CEO, Adam Duso, discusses how to eliminate subordinate debt to assume 1st position.
Alternative Lenders—Eliminate Debt and Assume First Position
In this article, you will learn how the subordinate debt schedule can be eliminated in a single, streamlined transaction that will create a pristine, transactable entity in 45-60 days—putting you in first position to lend against the entire collateral base.
Reorganization vs. Global Settlements in ABL
The advantages of a simple reorganization over prohibitively complex global settlements are discussed by president, Aaron Todrin, and Terry Keating, of Accord Financial.
How Factoring Lenders Can 2X Deal Flow
President Aaron Todrin, and Nancy Kalman, of United Capital Funding, discuss how factoring lenders can scale deal flow by turning distressed situations into pristine ones ready for first position lending.
Latest Insights
View More Resources
Bloomberg News and Second Wind Consultants Discuss Merchant Cash Advances (MCAs)
This interview deep dives into the scope, practices and need for regulation in the MCA (Merchant Cash Advance) industry.
Watch Video
M&A Source: Asset-Based Lenders Challenged by the Debt Schedule
Chris Lehnes, of Live Oak Bank, explains how he commonly comes across overleveraged businesses that stifle his deal flow.
Watch Video
ABLs / Factors Eliminate the MCA Problem: UCC Article 9
“This tool gives flexibility to secured lenders -to fund an opportunity without just saying ‘no’ because the picture looks bleak, or...
Read Article
Start an Alliance
Contact us about how a strategic alliance can create pristine, transactable situations for your lending model.