Asset-Based Lending

Haynes and Boone is a market leader in advising clients on all aspects of asset-based lending (ABL). Our lawyers have represented a diverse group of arrangers, agents, lenders and borrowers in ABL facilities, including the largest ABL bookrunner by number of deals in 2019. Our borrower clients consist of both public and private companies and include a significant number of portfolio companies of private equity funds.

Our ABL finance team has in-depth knowledge and experience across industries and a broad range of asset classes. As a result, we bring both a commercial and legal perspective in addressing the sector-specific issues and challenges faced by ABL lenders and borrowers. We have handled ABL transactions in both traditional and non-traditional industries, including the energy and oilfield services sectors, manufacturing, distribution, retail, commodities, contracting, engineering, logistics and staffing, among other commercial and industrial businesses. Our ABL finance team is very experienced in addressing complex intercreditor arrangements. We are accustomed to dealing with unusual types of collateral which present special perfection requirements and third party priority issues. In addition, our lawyers have extensive experience in cross-border, multi-currency credit facilities provided to global companies with borrowing bases comprised of assets located in multiple domestic and foreign jurisdictions.

We are experienced in the life-cycle of ABL facilities, from structuring, documentation and negotiation through refinancings, restructurings and bankruptcies. In loan workout situations, we work closely with members of our restructuring group, which includes attorneys specializing in the representation of secured creditors.