Asset-Based Financing

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.