Asset-Based Lending and Structured Finance: Isolation of Assets, Bankruptcy-Remote Structures, Waterfall Technology
What Traditional Lenders Should Know About the Application of Structured Finance Techniques to Asset-Based Lending
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will address the basics of structured finance facilities, including isolation of assets, bankruptcy-remote structures and waterfall technology.The program will focus on understanding these facilities and – in particular – their importance and application inside a capital structure that also contains traditional and asset-based financing. The program will also include several techniques and best practices for introducing structured finance techniques to enhance traditional and asset-based lending.
Outline
- Isolation of borrower assets
- Bankruptcy-remote structures
- Contribution and sale of assets
- Cash management
- Transaction parties
- Legal documentation
- Techniques for introducing structured finance to enhance traditional asset-based lending
Benefits
The panel will review these and other key issues:
- What issues should a traditional asset-based lender consider prior to lending to a company that has a structured finance facility as a part of its capital structure?
- How are special purpose entities structured to maximize bankruptcy remoteness?
- How can the waterfall distribution in a structured finance transaction impact a traditional asset-based lender whose loan is part of that same capital structure?
Faculty
Michael L. Urschel
Partner
King & Spalding
Mr. Urschel is a partner in his firm's Global Finance Group and focuses on leveraged finance, specialty finance,... | Read More
Mr. Urschel is a partner in his firm's Global Finance Group and focuses on leveraged finance, specialty finance, securitization and capital markets practices. He represents financial institutions, sponsors, borrowers and specialty lenders in a wide variety of secured lending and debt capital markets transactions, with a focus on specialty finance, acquisition finance, receivables financing and asset securitization. He is recognized nationally in capital markets: securitization.
CloseAnthony P. Mechcatie
Counsel
King & Spalding
Mr. Mechcatie is active in his firm’s leveraged finance, specialty finance and capital markets practices. He also... | Read More
Mr. Mechcatie is active in his firm’s leveraged finance, specialty finance and capital markets practices. He also advises clients on leveraged finance, securities law and related matters. He represents financial institutions, issuers, underwriters, placement agents, collateral managers, fund managers, lenders and other participants in a wide variety of specialty leveraged finance and structured finance transactions, including many first-of-kind transactions. His experience includes representing clients in whole business securitizations, CLOs, middle-market loan securitizations and credit card, automobile and student loan transactions.
CloseMatthew J. Sandiford
King & Spalding
Mr. Sandiford is active in his firm’s leveraged finance, healthcare, venture finance and specialty finance... | Read More
Mr. Sandiford is active in his firm’s leveraged finance, healthcare, venture finance and specialty finance practices. He represents financial institutions, lenders, investors, borrowers, underwriters and arrangers in leveraged finance, securitization and other secured and unsecured lending transactions, with a focus on healthcare services, pharmaceuticals, medical device and sponsor finance transactions
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