Asset based lending
At 澳门六合彩资料 we pride ourselves on our banking and finance team’s ability to advise on a wide range of finance areas, providing a full service to our funder and borrower clients. Asset-based lending (ABL) plays an integral part in our understanding of and expertise in all types of ABL funding.
Our banking and finance team uses our bank of knowledge and expertise when advising clients. Our extensive experience in Asset-based lending (ABL) means we have in-depth understanding and knowledge of receivables finance and other types of ABL funding such as inventory, plant and machinery, property and cash flow loans.
Although the vast majority of ABL packages are to support the working capital requirements of a business, we fully understand that ABL can be used as part of an acquisition funding line. This is where we put our vast experience of advising on the use of ABL and dealing with priority and intercreditor issues that may arise in both situations, into practice.
At 澳门六合彩资料, we also use our problem solving abilities to advise clients on asset finance facilities, which may be needed for businesses whose inventory is equipment and businesses needing to raise finance against specific items of plant and machinery.
In the case of businesses requiring HP or finance leasing we can advise, in a personable and professional manner, on borrowing base formulae and certificates as well as intercreditor and debenture waiver arrangements with other lenders.
Our dedicated team can also advise on funding transactions where title to the underlying asset remains with the corporate and is consequently funded through a chattel mortgage arrangement.
Featured experience
Dimensions Clothing
Advised management and newco on substantial ABL facilities made available by PNC Business Credit as part of the LDC backed 拢50m buyout of the corporate apparel business of US-based Tailored brands, Inc.
Floorbrite group
Advised the Floorbrite group on its 拢9m receivables finance facility from Arbuthnot Commercial Asset Based Lending.
Manufacturer client
Advised a manufacturer client on the refinance of its ABL facilities with Close Brothers including a significant asset finance facility.
Onto Holdings
Advised leading electric car subscription business, Onto Holdings, on the raising of finance from Lombard, Maven Capital and Greensill Capital to expand its fleet.