Stafford - Asset-Based Lending: Navigating Borrowing Base, Article 9 Collateral Issues, and Key Loan Documentation Provisions

This CLE webinar will discuss the mechanisms of asset-based financing transactions, including issues associated with the borrowing base, obtaining and perfecting a security interest in the assets as collateral under the UCC, and key terms in asset-based lending (ABL) loan documentation.

In asset-based financing transactions, the lender lends up to a percentage of the value of the borrower’s assets—the borrowing base. Assets used in ABL financing are typically accounts receivables, inventory and equipment.

ABL lending frequently involves extensions of credit to borrowers representing a higher degree of credit risk than certain other types of commercial lending. As a result, ABL loans require more intensive scrutiny and oversight by the lender and as a result have many unique features.

Listen as our authoritative panel of finance attorneys reviews the mechanisms of asset-based financing transactions, discusses key issues associated with different assets in the borrowing base, obtaining and perfecting a security interest in the assets, and key terms in ABL loan documentation.

Commercial Finance & Lending Group Senior Counsel Scott Lessne and Corporate Finance & Securities Group Counsel Jenny Cieplak are participating in this event.