The team acts for both borrowers and lenders in negotiating and documenting asset-based and other alternative lending transactions.

The team has vast experience in structuring asset based lending transactions, creating and perfecting security interests and working out and restructuring problem credits. We also have particular expertise in complex intercreditor issues, including senior and subordinated indebtedness, payment blockages and standstill provisions. Furthermore, we have a great deal of experience in documenting transactions with challenging security categories, including the specialised issues associated with intellectual property security.

Many of our clients provide senior asset based loans, either separately or as part of a multiple tranche loan facility. Our Asset Based Lending team understands the legal, practical and operational issues that asset based lending presents, whether in the context of acquisition financing or a working capital facility for an established business. 

We also understand the legal and practical issues involved in the valuation of collateral and work successfully within the strict timeframes in which these transactions often take place. Addleshaw Goddard represents borrowers and lenders in all types of asset-based finance transactions, including working capital loans and lines of credit secured by accounts receivable, inventory, intellectual property, vehicles, equipment and many other types of asset.

Addleshaw Goddard has completed asset-based lending transactions in numerous industries including chemicals, finance, healthcare, life sciences, manufacturing, real estate, and agricultural and food products.

Clients and Experience

A selection of our clients:

• HSBC Invoice Finance (UK) Limited
  
• Lloyds TSB Commercial Finance Limited
  
• Venture Finance PLC
  
• Yorkshire Bank Invoice Finance

A sample of our recent experience:

• Representing a healthcare lender in providing term loans to finance the working capital requirements of a pharmaceutical company secured by intellectual property
  
• Acting for a commercial finance lender in providing invoice finance and inventory loans to a chemical manufacturing company
  
• Acting for GE Commercial Finance Limited in relation to the purchase by Medway Foods Limited of the assets of Canterbury Foods Limited