Asset Based Lending
With traditional bank lending difficult to come by, asset based lending and receivables financing has become an attractive alternative for many businesses in need of finance. This is particularly so for businesses which have capital tied up in tangible assets such as property, equipment and inventory; as well as for those which have receivables due from financially strong debtors.
Our banking & finance lawyers have significant experience in acting for both lenders & borrowers in relation to a variety of asset based lending transactions, ranging from small domestic invoice discounting and factoring arrangements through to large scale inventory and equipment financing and cross-border transactions. We also advise clients on a wide range of asset finance and leasing matters (including off balance sheet financing).
Whether you are borrower seeking to establish a working capital, growth or trade finance facility or a lender wishing to advance finance against assets, we will be able to provide a specialised yet cost effective service to you.
Our ABL client base includes overseas and domestic banks, trade finance providers, bridging lenders and corporates.
Representative Asset Based Lending Work
Examples of our team’s asset based lending work include:
- Advised a finance provider in connection with a £100m receivables finance facility obtained from Macquarie Bank.
- Advised a borrower purchasing raw materials from Eastern Europe in connection with a substantial loan facility from a major European Bank secured against future debt receivables.
- Advised a lender in connection with a substantial loan to a football club secured against future season ticket sales.
Claire GibsonPartner Banking and Finance
Claire has a wealth of experience in general lending and security matters including complex intercreditor arrangements.
She acts for a wide range of UK and international financial institutions, as well as a variety of borrowers, in relation to domestic and cross-border finance transactions on a bilateral, club or syndicated basis. Claire’s particular expertise is property finance, corporate lending and acquisition finance.
Claire has undertaken a secondment to a private wealth bank where she was part of the banking and credit legal team and supported a specific area of the business by delivering transactional support, predominantly in relation to property finance matters.
Claire has also worked closely with and supported the in-house legal teams of large financial institutions through virtual secondments and outsourcing projects. She has a wealth of experience in drafting and reviewing bank standard form loan and security documentation.
Claire qualified in 2003 and joined the firm as a partner in 2014.