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 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.

Key contacts:

Photo of Claire Gibson

Claire Gibson

Partner Banking and Finance
Work 37 – 41 Bedford Row WC1R 4JH Tel: +44 (0) 20 7611 2322

Biography

Claire is head of the Legal 500 ranked Real Estate Finance team and 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 and corporate lending. Claire has a wealth of experience in drafting and reviewing the full suite of lender standard form loan and security documentation.

Claire also regularly deals with senior funding lines for her lender clients borrowing from institutional lenders as well as participators and investors funding underlying facilities with end borrowers. This involves Claire advising on various structures (such as senior loan agreements and participation agreements); security arrangements (either with security trustees; sub-charges; charges over bank accounts; and/or assignments of the underlying borrower security package) and identifying the inherent potential risks with such structures. She always seeks to improve her client’s position whilst respecting the commercially agreed terms and aligned interests of the parties.

Claire’s clients value her commercial advice combined with her technical knowledge and guidance. She ensures she has an in depth understanding and knowledge of our client’s business objectives to ensure she achieves this. She is driven, committed, personable, and always aims to exceed client expectations when it comes to service delivery and deadlines. Claire works proactively with all parties to a transaction to achieve a smooth closing. Her clients appreciate her responsiveness and attention to detail. Claire is a trusted advisor to many leading property and finance professionals in the market. This reputation is demonstrated in the client testimonials she has consistently received since being listed as a recommended lawyer in the Legal 500 in 2016.

Testimonials

Legal 500 2023 500 directory:

‘Teacher Stern’s team, led by Claire Gibson, has advised us on real estate finance for the last couple of years on various deals. The team is of the highest calibre for this sector in the London market. They are very professional and always responsive. All matters were dealt with, with attention and great flexibility. The team has proven to consist of highly skilled professionals, all of whom have very extensive knowledge of legal issues and an actual understanding of our needs, making it possible for them to provide advice and solutions, which are always individually tailored for the issues and goals in hand.’

‘Claire Gibson is our well-trusted advisor. Claire helps us resolve challenges that we, and our business, face. Claire is highly praised for providing the highest quality advice.’

‘Phil Berry and Claire Gibson both offer a wealth of knowledge in their field. Clients are central to the team’s work ethos, and they are undoubtedly people you want to have in your corner.

 

2022 Legal 500 directory: Claire Gibson “understands what her clients need; she combines her wealth of knowledge with a commercial outlook to deliver a stellar service time and again.’

2021 Legal 500 directory: Claire Gibson “has a wealth of knowledge in her field; her commercialism and dedication to her clients sets her apart from others

2020 Legal 500 directory: Claire Gibson is ‘pragmatic, commercial and a pleasure to deal with.’

2018/2019 Legal 500 directory: Claire Gibson is praised for her ‘unparalleled professionalism and diligence’.

2017 Legal 500 directory: The ‘super-efficient’ Claire Gibson is ‘always on top of things’.

2016 Legal 500 directory: recommended figure of the ‘top-notch’ Claire Gibson.

Year qualified

Solicitor, 2003

Career History

Claire qualified in 2003 and joined the firm as a partner in 2014.