This week we continue our conversation with Tom Lesch, Director, Livingstone. Livingstone is a global M&A and debt advisory firm with six international offices including Chicago. Its core industry sectors include Business Services, Consumer, Healthcare, Industrial and Media & Technology. Second of two parts – View part one
The Lead Left: Last year we saw how the OCC’s Leverage Lending Guidelines affected the market, do you see something else out there that could impact lenders?
Tom Lesch: The OCC’s guidelines impacted commercial banks and their ability to finance sponsor cash flow deals. Although ABL deals are not counted in the HLT buckets, what if the OCC required that ABL transactions would also qualify for HLT’s?