ABFJ Podcast: The Comforts of Converting to Asset-Based Lines of Credit

In the ninth episode of ABF Journal’s COVID-19-focused podcast series, Ed Gately, head of asset-based finance at Mitsubishi UFJ Financial Group or MUFG, discussed the trend of converting cash-flow-based credit facilities to asset-based facilities. He outlined the benefits of converting…

ABFJ Podcast: The Comforts of Converting to Asset-Based Lines of Credit

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In the ninth episode of ABF Journal’s COVID-19-focused podcast series, Ed Gately, head of asset-based finance at Mitsubishi UFJ Financial Group or MUFG, discussed the trend of converting cash-flow-based credit facilities to asset-based facilities. He outlined the benefits of converting to an asset-based structure, including the level of comfort it provides to lenders due to collateral protection. Gately further explained why borrowers often stick with asset-based deals once they convert.

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