The firm’s Asset-Based Lending lawyers have extensive experience in representing both borrowers and lenders in various types of collateral-based financing transactions – working on both domestic and cross-border transactions. Our clients include foreign, domestic and global financial institutions, specialty lenders and other private capital providers, as well as borrowers in various industries, including retail, manufacturing, consumer products, technology and software, distribution, logistics and transportation who operate across multiple jurisdictions.
Lawyers in our asset-based lending group provide advice on all aspects of the transaction life-cycle, including the structuring of security that maximize our client’s flexibility, ensuring the adequate collateralization of assets, carrying out negotiations of key financial and legal terms and executing the closing of transactions. In particular, we have experience representing clients in the advisory of inventory financing, receivables financing, equipment financing, leveraged financing, project and construction financing, cash flow lending, and working capital facilities in a variety of structures, including cross-border transactions, term loans, venture debt, subordinated and mezzanine lending, factoring and syndicated lending.
The key strength of the lawyers in our asset-based lending group is that they are experienced in and qualified to practice law in both Canada and the United States – which means that our firm can represent clients on both sides of the border such that our clients can benefit from the clarity of advice provided by a single law firm.
Representative Asset-Based Lending Work:
- Represented a North American technology and software company operating in the travel and hospitality industry in connection with a cross-border asset-based lending facility in the principal amount of over US$120,000,000
- Represented a syndicate of private lenders based in Canada and the United States in the extension of cross-border asset-based loans to a North American auto-parts manufacturer with creditors who have already extended subordinated debt, term loans and private equity financing in the aggregate amount of over US$50,000,000
- Represented an iconic multi-generational Canadian retailer in an asset-based facility and the restructuring of over CA$20,000,000 of liabilities within the corporate group in connection with the filing for creditor protection.