Asset Based Lending
Having drafted standard form documents for various industry leaders in this sector, we have an in-depth understanding of how Asset Based Lending facilities (and their providers) operate.
We appreciate the different emphases and demands of ‘banking the collateral’ as compared with term loans or cashflow finance and are able to bring this expertise to bear when negotiating for either an ABL or corporate borrower. We regularly advise on the drafting of and amendments to standard form debt purchase agreements, security documents, book debt waivers and priority deeds.
Our expertise also covers the review of terms and conditions of supply for their discountability, advice on asset based lending in corporate finance and leveraged transactions, and knowledge of the scope of personal warranties and indemnities required by ABL’s from directors. We also advise on group, back to back and other bespoke discounting arrangements.
Related news, events
and publications
News
22nd February 2013
A practical guide to alternative sources of finance in 2013
Commerce is the lifeblood of the British economy and yet, with a triple dip recession looming, finance is increasingly difficult for many companies to come by.
“The banking & finance team excels across a wide range of areas from acquisition finance and asset-based lending to private equity work”
Chambers UK 2013
Contacts
England
Birmingham
Carol Betts
dt: +44 (0) 121 234 0234
df: +44 (0) 121 234 0004
m: +44 (0) 7976 460 936
e: Carol Betts
England
Manchester
James Benson
dt: +44 (0) 161 836 7807
df: +44 (0) 161 836 7701
m: +44 (0) 7920 218 077
e: James Benson
Scotland
Edinburgh
David Kirchin
dt: +44 (0) 131 222 9813
df: +44 (0) 131 222 9800
m: +44 (0) 7990 548 099
e: David Kirchin
