This week we continue our conversation with Ron Kubick, Managing Partner and founder of Cadence Credit Partners, an independent capital markets advisory firm that provides middle market companies (public, private, and sponsor owned) with capital markets advisory expertise when companies seek financing from traditional or alternative credit providers. Second of two parts – View part one

The Lead Left: You mentioned ABL. That seems to be a big part of your focus.

Ron Kubick: There are lots of ABL opportunities driven by the tightness of regulations. One common strategy is to help borrowers “term out” the ABL facility. It’s going to be at a higher cost, but will generally lead to greater availability. Lots of middle market companies use ABL and with an asset heavy business model, this strategy of asset optimization tends to work well for issuers and lenders.