Asset-based lending

“Provides creative and practical solutions to unusual problems.” Chambers Global 2010, Canada.

The Asset-based Lending (“ABL”) team is considered one of the leading ABL practices in Canada. We represent the majority of ABL lenders in Canada in most of their transactions, particularly those in retail, manufacturing, forestry, transportation and steel. We understand that our primary responsibility is to deliver the “deal” expected by the parties, on time and on budget.

We also understand that our responsibilities include working seamlessly with domestic and foreign lender personnel in marketing, underwriting, credit and work-out functions. We know how to highlight differences in law and/or practice while not reinventing the wheel.

In that connection, we work closely with our insolvency and restructuring professionals, with some key cross-over of specialties and extensive collaboration to advise clients from deal inception to debtor-in-possession financings and formal insolvency proceedings.

With rapidly evolving capital markets and increasingly complex capital structures, the ABL team has extensive relative experience in term loan 'B' (and 'C' and 'D'), high yield, mezzanine and subordinate debt financing structures, having acted on the financings of numerous multi-layered, multi-billion dollar leveraged acquisitions. We have also actively advised ABL lenders seeking to establish businesses in their regulatory needs and in buying and selling finance portfolios.

We offer you

• Advice and services that address business practicalities as well as the legal technicalities, including subordinate/second lien/term “B” and mezzanine financing, priority disputes, receivables financings, secured financing, equipment financings and regulatory
• A one-stop shop for all Canadian legal matters, both common law and Quebec civil law
• Innovative and effective cross-border lending structures with our tax specialists
• Comprehensive knowledge of your expectations, practices and personnel
• Implementation of complex, multi-jurisdictional transactions on short notice, using developed strategies