Billboard Loans Blog

Billboard Values

Max Drachman Sees M&A Opportunities For Independent Outdoor Companies

Our sister website www.billboardinsider.com has published a terrific interview with outdoor advertising broker Max Drachman.  We’ve reproduced the interview here. Investment banker Max Drachman of Kalil & Co has been busy doing outdoor transactions. Insider asked Max to talk about the outdoor M&A market. You can reach Max at kalil@kalilco.com, […]

Billboard Values

Outdoor Values December 2015

Public outdoor values remained stable during the fourth quarter of 2015. The three public outdoor companies have an enterprise value of 3.9 times revenue and 12.3 times cashflow (EBIDTA) at December 2015. Lamar’s multiple increased slightly during the quarter, Outfront’s multiple was stable and Clear Channel’s multiple decreased. Lamar had […]

Billboard Lending

Federal Reseve cracks down on risky loans.

The Wall Street Journal reports that the federal reserve is cracking down on risky loans which have the following characteristics: Lax repayment schedules. An absence of loan covenants. Debt/Cashflow (earnings before interest, depreciation and amortization) in excess of 6:1. A crackdown may mean the regulators put the heat on Clear […]

Billboard Lending

If you think the big banks don’t want to lend to you it’s because they don’t.

The Wall Street Journal writes this morning that the biggest banks in the US are making far fewer loans to small businesses than they did a decade ago.  The Journal reports that the 10 largest US banks held $44 billion in small business loans (loans less than $1 million) in […]