U.S. mid-market lenders concerned about leverage, loan docs: report

Leela Parker Deo  Lenders to U.S. mid-sized businesses are increasingly concerned about the higher levels of debt held by middle market companies versus a year ago, as well as what they consider to be less restrictive leveraged loan documents, a survey by Carl Marks Advisors found. Higher leverage levels and borrower-friendly loan agreements, the result of highly competitive market conditions last year that pushed lenders to make such concessions, could impact loan portfolios if business performance comes under pressure. Carl Marks Advisors, a mid-market focused corporate restructuring and investment banking firm, conducted the…READ MORE >

Carl Marks Advisors’ Survey on U.S. Middle Market Lending Reveals Growing Concern About Borrower Leverage

New York, January 9, 2018 -- A survey of trends in U.S. middle market lending today revealed substantial and growing concern about the higher amounts of debt leverage carried by middle market companies heading into 2018, and found that less restrictive loan documents are a significant source of worry for traditional and alternative lenders and their professional advisors. Conducted by Carl Marks Advisors, a leading corporate restructuring and investment banking firm, the survey also concluded that alternative sources of capital like mezzanine lenders and business development companies (BDCs) may experience the greatest challenges…READ MORE >


Over the past twelve months, we’ve experienced significant growth at Carl Marks Advisors. Not only did the firm welcome new faces at nearly every level, but we also were able to recognize several of our team members with hard-earned promotions. Hires We welcomed Don Sheehan, a senior banking executive with deep expertise focused on commercial loan workouts, to our team as Managing Director. Don brings a unique perspective to Carl Marks Advisors with prior roles at Bank of America, Fleet Bank, Shawmut and Bank of New England. Our restructuring team welcomed Steven Agran…READ MORE >


Challenges in the healthcare industry abound, as businesses have no alternative but to innovate or otherwise head for a restructuring or possibly bankruptcy.  Looking at 2018, is there reason for optimism and what does this mean for owners, operators, investors and capital providers? Carl Marks Advisors’ Jonathan Killion, a Managing Director with over 10 years of financial restructuring and investment banking experience including in healthcare, provides a snapshot on the industry looking ahead. Q1:  Looking ahead at 2018, what opportunities are you seeing in middle market healthcare?  At Carl Marks Advisors we continue…READ MORE >