With vast experience across virtually all industries and collateral types, the team at Dickinson Wright regularly advises banks and other institutional lenders on the special issues faced by asset-based lenders. We have the experience to guide our clients through both straightforward and more complex asset-based lending transactions; from a single facility to a single borrower through multiple facilities to multiple borrowers as part of an overall complex capital structure.
Our experienced team regularly assists clients throughout the process – from the earliest stages of structuring and documenting an asset-based facility to working out and collecting the loan. Our knowledge of asset-based lending transactions is complemented by our in-house expertise and experience in workouts, asset liquidation, bankruptcy and related litigation issues.
Some of the areas of expertise within the asset-based lending practice include:
- Structuring, performing due diligence, preparing and negotiating necessary document for asset-based financings.
- Working out and collecting on loans, whether that involves a sale through the bankruptcy courts, an out-of-court liquidation, or a private note sale.
- Representing asset-based lending clients in workouts, liquidations, bankruptcies and in connection with debtor-in-possession financing, borrowers emerging from bankruptcy and persons buying assets from bankrupt entities.
- Perfecting liens on collateral and ensuring that they remain perfected.