Asset-based Lending
The McGuireWoods asset-based lending (ABL) group includes roughly 40 partners, counsel and associates representing national and regional financial institutions in the arrangement, negotiation and documentation of syndicated and single-lender, asset-based credit facilities. The group’s work spans transactions of every size — from smaller facilities of around $3 million to multibillion-dollar financings exceeding $4 billion — reflecting our ability to support clients across the range of ABL.
Through offices in New York, Chicago, Los Angeles, Atlanta, Charlotte, Pittsburgh and London, the ABL group assists clients across the United States and Europe, spanning industries from healthcare, energy, retail, and industrial and consumer manufacturing to technology.
McGuireWoods ABL group offers equal depth in sponsor-acquisition financing, cross-border and multicurrency credit facilities, and traditional and specialized collateral structures. Our experience includes integrating asset-based facilities into complex borrower capital structures, such as subordinated and pari passu high-yield debt, intercreditor arrangements, split-lien transactions, first lien/second lien transactions and term loan B facilities. In many sponsor finance transactions, we also handle the asset-based working capital facilities that form a dedicated portion of the overall capital stack, complementing other financing sources within the larger deal structure. We represent a full spectrum of market participants including commercial lenders, private credit funds, borrowers and sponsors across these financing structures.
Given the size and geographic scope of McGuireWoods and our ABL group, clients draw on the combined resources and coordinated teams of lawyers representing the largest and most active asset-based lenders in the country. Our team handles full cash dominion structures where lenders exercise direct control over cash and borrowing base facilities that allow borrowers operational flexibility until springing cash dominion provisions are triggered.
Named “Law Firm of the Year” for banking and finance law six times since 2013.
– Best Law Firms
Ranked among the top firms in banking and finance.
– Chambers USA
Ranked in league tables among the top firms for advising lenders in debt finance transactions.
– London Stock Exchange Group, Bloomberg and Debtwire
