Dealmakers: The advantages of ABL for PE sponsors in the current market
September 18, 2018
[Sponsored content] With the backdrop of a merger acquisition market characterized by intense competition and purchase price multiples, rising interest rates, the impact of tariffs and quotas, and the prospects of an economic downturn in 2019 or 2020, having the right capital structure is paramount. Asset-based lending (ABL) can be a key part of that capital structure. It has a low cost of capital and the ability to pair with other forms of capital, including private credit term loans, institutional term loans, high-yield debt and traditional mezzanine financing.