Firm News
Troutman Pepper Locke Announces 2025 Legal 500 US Rankings
Practice
Asset-Based Lending
For decades, we have been at the forefront of advising national and regional lenders on all aspects of asset-based credit facilities. Our extensive knowledge of evolving terms, trends, and practices allows us to provide our clients with practical solutions while advising them on the risks and benefits of changes to terms and structures. We prioritize fostering strong, cooperative working relationships between our lender clients and their borrowers.
Our asset-based lending practice is strategically located in major markets across the U.S., enabling us to handle transactions in all 50 states. We also collaborate extensively with international counsel on global transactions. We represent international, national, and regional banks and commercial finance companies in single-lender, club, and syndicated transactions across the entire spectrum of asset-based loan transactions. These include working capital facilities, employee stock ownership plan loans, and acquisition financings.
Representative Matters
- Represented a national lender in a $20 million senior secured accounts receivable line of credit and inventory loan supported by the Export-Import Bank of the U.S. working capital guarantee program.
- Represented the asset-based lending arm of a national bank in a $12 million loan to a New York-based manufacturer of materials-handling and food service equipment, to finance the acquisition of another materials-handling equipment company.
- Represented a secured lender in $10 million and $20 million multinational secured loan transactions secured by a blanket lien on all assets, including intellectual property and assets in the UK.
- Represented the lender in a secured $2.5 million revolving accounts receivable line of credit to a Wi-Fi provider.
- Represented a national bank and its affiliates in connection with asset-based borrowing base revolving credit and term loan facilities for companies, including art galleries, prefabricated steel buildings, and truck component manufacturers.
- Served as counsel to a publicly held, multinational wood products company in connection with a $57 million asset-based credit facility.
- Represented a national bank in a $70 million senior secured revolving line of credit and term loan to support acquisition financing.
This just in
Firm News
Troutman Pepper Expands Finance and Restructuring Practice with Addition of Partner Todd Ransom in Charlotte
Articles + Publications
A Lender’s Dilemma in the Digital Age: What Lenders Should be Doing to Access Electronic Books and Records
Articles + Publications
Time May Not Solve Compliance Issues With NY Lending Law
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