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Distressed Lending typically provides credit facilities to borrowers with good cash generation capacity but short-term liquidity issues.
Distressed loans typically take the form of bridge or Mezzanine capital or similar hybrid structures and often place the distressed lender in a better position than existing common shareholders and lenders...
Asset Back Lending ("ABL") typically provides collateralized credit facilities to borrowers with high financial leverage and marginal cash flows.
ABL's primary focus is on collateral and liquidity with leverage and cash flow being secondary considerations. Borrowings under an asset-based facility are limited by the collateral base, which is...