Asset-Based Lending

Holland & Knight's Asset-Based Lending (ABL) Team includes more than 60 attorneys in 29 U.S. offices, as well as in our Mexico City and London locations. We provide highly coordinated teams of ABL professionals to counsel our clients in a wide range of industries, including manufacturing, healthcare, energy and energy services, lender finance, transportation and logistics, equipment rental, staffing and employment, retail, commodity finance, food and agriculture, restaurant finance and many more.

Our experience extends from single-lender deals in the core middle market to large syndicated ABL facilities for borrowers with complex debt capital structures. We regularly counsel bank and nonbank clients on acquisition and working capital facilities, including sponsor-driven transactions, that often involve coordination of the ABL facility with subordinated debt, first lien/second lien (1L/2L) facilities, and pari passu term loan and bond facilities. Our attorneys have extensive knowledge and experience integrating asset-based facilities with these complex capital structures and the structuring and documentation of the intercreditor agreements that go along with them.

In addition, we have significant proficiency in multicurrency and cross-border transactions to our ABL clients, regularly documenting these types of ABL credit facilities in coordination with Holland & Knight offices worldwide and local foreign counsel in numerous jurisdictions.

Holland & Knight serves clients throughout the life span of their ABL transactions. Our firm's Bankruptcy, Restructuring and Creditors' Rights Group is experienced in handling the back-end of ABL deals, and we also work with our highly ranked Financial Services Team to provide integrated, efficient and comprehensive solutions for ABL clients.

ABL Matters Across Industries

Our asset-based lending lawyers serve clients in credit facilities to borrowers that span all segments of the economy and a wide range of ABL structures.

Representative clients and matters include:

• advising a national bank as agent in a $5 billion syndicated asset-based credit facility to a national beverage distributor
• advising a national bank as agent in a $2.4 billion syndicated asset-based credit facility to a national transportation and receivables finance company
• advising the administrative agent in a $600 million syndicated asset-based revolving credit facility for a leading U.S. aggregates supplier involving the granting of security interests in collateral constituting "as-extracted collateral" in 16 states
• advising a national bank as agent in a $500 million syndicated multicurrency, asset-based credit facility
• advising the administrative agent in a $400 million cross-border, asset-based loan financing to a U.S.-based multinational manufacturer of microprocessors
• advising the administrative agent in a $400 million asset-based loan financing to a major U.S. clothing retailer
• advising a national bank as agent in a $300 million syndicated asset-based credit facility to a national pipe manufacturing company
• advising a national bank in a $250 million syndicated asset-based credit facility to a national paper company
• advising the administrative agent in a $225 million syndicated asset-based revolving credit facility provided to a fuel distributor
• advising the administrative agent in a $150 million syndicated first lien/second lien, asset-based revolving credit facility provided to a leading U.S. candy manufacturer
• advising the administrative agent in a $50 million asset-based loan financing to a third-party transportation logistics provider
• advising a national bank as agent in a $125 million syndicated asset-based credit facility in connection with a sponsor acquisition of a national plastic container company
• advising a national bank as agent in a $165 million asset-based credit facility to a national private label food producer
• advising an agent bank in a $65 million senior secured, asset-based credit facility extended to a leader in the designing, manufacturing, selling and licensing of flash memory technology in connection with the company's exit from a Chapter 7 bankruptcy proceeding
• advising a bank in a $60 million asset-based revolving credit facility to a long-term care pharmacy company
• advising administrative agent in a $41 million asset-based loan financing to a borrower in the food products industry