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Practice

Government Contract Lending

With an office in the nation’s capital and more than 30 years of experience, we provide comprehensive and informed guidance to lenders in lending transactions involving government receivables. We work with banks and other financial institutions to structure and document single-, multibank and syndicated credit facilities where government receivables constitute a significant component of the collateral, including revolving lines of credit, asset-based loans, factoring arrangements (invoice financing), equipment leasing, and cash-flow loans.

Our attorneys have extensive experience representing lenders in transactions involving the financing of receivables with numerous federal agencies, including the Department of Defense, the State Department, and the Department of Agriculture, among others. We also regularly advise our clients on compliance with the Federal Assignment of Claims Act and the related FARs.

Representative Matters

  • Represented a lender in a $34 million secured asset-based revolving credit facility and term loan to a ship repair government contractor.
  • Represented a national bank in a $65 million secured asset-based line of credit to a public company, secured by government contracts.
  • Represented a factory in structuring a $45 million factoring facility with a government contractor.
  • Represented a lender in a $25 million secured line of credit to a company providing services to the U.S. Department of Defense and the U.S. Department of State, focusing on removal of land mines and other munitions in war zones. This transaction also involved subordinated debt.
  • Represented an agent bank in a $50 million senior secured revolving credit facility and acquisition term loan to a government contractor.
  • Represented an international government contractor in the modification and restructuring of a $200 million syndicated revolving credit and term loan facility.
  • Represented an agent bank in a $110 million senior secured revolving credit facility to an international government contractor.

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