Although each phase of the economic cycle presents companies with unique challenges and opportunities, the need for access to capital is a business constant. Crowell & Moring offers companies and financial institutions sophisticated legal advice on borrowing and lending that is tailored to meet current market practice while setting the stage for immediate and long-term success.
Our borrower clients are active in a broad spectrum of industries and range from large, publicly traded and privately-held portfolio corporations to smaller closely-held and family-owned companies, to startup enterprises. Our lender clients include federal- and state-chartered banks, investment banks, commercial finance companies, opportunity funds, hedge funds, investment groups, and individual investors.
Our lawyers handle the negotiation, structuring, and documentation of commercial loans for financial institutions and corporate clients. Loans are often multi-lender syndicated secured credit facilities and are documented in the form of revolving loans, term loans, unitranche loans, first and second lien loans, and letter of credit facilities, the proceeds of which are most often used for working capital, asset acquisitions, dividend recapitalizations, or leveraged buyout acquisitions. In many instances, loans have cross-border and multi-currency components.
Clients of the Commercial Finance and Lending practice include international, domestic, and regional financial institutions as well as boutique commercial lending businesses. We are known for our strength in the areas of healthcare, energy, hospitality, factoring arrangements, asset-based lending (including equipment, inventory and receivables finance), IP finance, DIP and acquisition finance.