Retail Credit Under Pressure: How Specialized Lenders Are Managing Risk, Liquidity and Recovery

Aaron Miller of SB360 Capital Partners and Michael Sullivan of Second Avenue Capital Partners explain how specialized retail lenders spot distress before covenant breaches hit, from margin erosion to rising discount cadence, and why the rising cost of formal insolvency proceedings is pushing more US retailers toward out-of-court restructuring, a trend worth watching as Canadian lenders weigh the same tradeoff.