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Asset-Based Lending - Recent Developments of Importance

DATE

January 1, 2006

The financing market seems able to constantly adapt to the needs of lenders/pools of capital and to business borrowers. The emergence, in particular, of a sophisticated asset-based lending (ABL) business in Canada means that private equity sponsors, strategic buyers and CFOs seeking to finance or refinance growth, acquisitions or restructurings, for example, have a credible and increasingly mature ABL alternative to traditional senior cash flow lenders and mezzanine, high-yield and other traditional debt instruments.

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