Asset-Based Lending
SNR Denton has one of the largest and most diverse banking and
finance teams in the industry. Our long-standing involvement and
relationships in banking and finance have given us the
understanding, expertise and people to support our clients working
throughout the financial world.
Our corporate lending team specializes in secured and unsecured
corporate lending transactions with specific emphasis on
asset-based lending, restructuring and structured real estate
finance. We have extensive experience working for banks and other
financial institutions on a range of mainstream and structured
tax-based transactions and restructurings, both bilateral and
syndicated.
When conventional avenues for finance are not possible,
asset-based lending has become a popular choice for raising
capital. Typically, loans are tied to receivables, inventory,
machinery and equipment. However, in recent years we have seen more
unusual ways of securing funds including through the use of
intellectual property and trademarks as collateral.
We regularly provide counsel in connection with perfection of
security issues, inter-creditor issues, tax issues, workouts and
restructurings, and creditors’ remedies as they relate to
asset-based transactions. In addition, through our foreign
offices and networks, we often handle cross-border issues as
required for international asset based lending transactions.
We have the depth and reputation to handle credit facilities in
the hundreds of millions (sterling or dollars) for major
international banks such as JPMorgan Chase, but also the
experienced array of lawyers to address smaller transactions which
may labor under tighter time frames.
We also have significant experience of negotiating and
documenting asset-based facilities in the context of
public-to-private takeover transactions.
Our wide-ranging, asset-based lending experience means we have
an excellent understanding of the legal and commercial issues that
are important to each party in a transaction. We pride ourselves
not only on our legal and technical skills, but also on our
understanding of the market in which our clients work and the
practical problems that may be faced when conducting business. Our
aim is to ensure all parties can work closely together to achieve
their goals.
Areas of Focus:
- Senior secured and mezzanine facilities
- Receivables financing
- Syndicated and leveraged loans
- Multi-currency facilities
- Equipment financings, including
representation of debt and equity interests